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Financial overview

The 2019–20 financial result was severely impacted by the onset of bushfires, hailstorms and COVID-19. Park entry and camping fees were reduced by 34.3 per cent. The Australian Government provided relief through stimulus funding, offsetting the reduction in revenue.

Approval from the Minister for Finance was received by the Director to revise the Portfolio Budget Statements operating loss to $20.701 million. The approval acknowledged the required increase in expenditure for work, health and safety matters, increasing repairs of infrastructure assets and the reduction in investment income. The Director recorded an operating loss of $20.898 million in 2019–20.

Table 3: Overview of financial results 2019–20 presents an overview of income and expenses information for the Director of National Parks. Audited financial statements for the year can be found in Chapter 6 of this report.

Table 4: Five-year financial summary—terrestrial and marine reserves ($ millions) presents a five-year financial overview for all terrestrial and marine reserves, while Table 5: Overview of individual terrestrial reserves in 2019–20provides a financial overview for individual terrestrial reserves. Information is also presented on page 11 that provides a summary of expenditure for the management of Australian Marine Parks for 2019–20.

Explanations on major variances against the Portfolio Budget Statements are provided in the notes to the financial statements (Chapter 6) and provided in line with the Australian Accounting Standards Board (AASB) standard AASB 1055.

During 2019–20 no notifications of significant non-compliance were reported to the Minister for the Environment or to the Minister for Finance.

Table 3: Overview of financial results 2019–20

2019
Actuals
$000s

2020
Actuals
$000s

2020
Budget4
$000s

2020
Variance
$000s

Jointly managed parks 1

Income

33,905

41,264

38,521

2,743

Expenses

(44,602)

(49,094)

(50,138)

1,044

Surplus/(Deficit)

(10,697)

(7,830)

(11,617)

3,787

Other parks and reserves 2

Income

30,205

29,299

29,356

(57)

Expenses

(32,679)

(31,819)

(32,351)

532

Surplus/(Deficit)

(2,474)

(2,520)

(2,995)

475

Total for parks and reserves

Income

64,110

70,563

67,877

2,686

Expenses

(77,281)

(80,913)

(82,489)

1,576

Surplus/(Deficit)

(13,171)

(10,350)

(14,612)

4,262

Governance, parks services and executive 3

Income

11,096

8,838

7,939

899

Expenses

(11,649)

(19,386)

(14,027)

(5,359)

Surplus/(Deficit)

(553)

(10,548)

(6,088)

(4,460)

Total for Director of National Parks

Income

75,206

79,401

75,816

3,585

Expenses

(88,930)

(100,299)

(96,516)

(3,783)

Surplus/(Deficit)

(13,724)

(20,898)

(20,700)

(197)

Table 4: Five-year financial summary—terrestrial and marine reserves ($ millions)

2015–16

2016–17

2017–18

2018–19

2019–20

Operations

Total operating expenditure

71.49

66.77

72.38

77.28

80.91

Total operating revenue 1

66.35

77.60

67.28

64.11

70.56

Financial position

Current assets

48.87

51.16

58.15

60.81

51.68

Non-current assets

223.10

233.86

224.50

216.25

257.70

Current liabilities

11.51

8.76

17.17

24.53

19.34

Non-current liabilities

4.28

9.33

4.82

5.42

45.94

Total equity

256.18

266.93

260.66

247.11

244.10

Table 5: Overview of individual terrestrial reserves in 2019–20

Operating
cost
$000s

Capital
expenditure
$000s 1

External
revenue
$000s 2

Payment to traditional owners
$000s

Jointly managed national parks

Booderee National Park

8,015

366

1,303

418

Kakadu National Park

20,001

3,918

2,778

1,333

Uluṟu-Kata Tjuṯa National Park

14,977

823

6,506

2,231

Other Commonwealth terrestrial reserves

Australian National Botanic Gardens

8,171

2,632

1,063

Christmas Island National Park

5,361

1,243

1,637

Norfolk Island National Park and Botanic Garden

1,443

580

249

Pulu Keeling National Park

491

25

5

1 Includes assets recognised for the first time as part of the asset revaluation process.

2 External revenue represents total revenue from the income statement less grants from portfolio agency and assets recognised for the first time.

Overview of marine parks in 2019–20

The Marine Parks Branch spent $11.8 million during 2019–20. Expenditure to support park management included:

  • Cooperative management arrangements with state and Commonwealth agencies, including compliance and field services
  • Scientific research and monitoring activities
  • Stakeholder (including Indigenous) engagement
  • Staffing costs.

The Australian Government has provided $56.1 million over four years (from 2016–17 to 2020–21) to support the implementation of management arrangements for the expanded marine parks estate. To assist industries and communities transition to the new management arrangements, $35 million of this funding has been allocated to a fisheries assistance and user engagement package.