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.
2019 | 2020 | 2020 | 2020 | ||
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) |
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 |
Operating | Capital | External | Payment to traditional owners | |
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.
Visit
https://www.transparency.gov.au/annual-reports/director-national-parks/reporting-year/2019-20-26