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SUMMARY OF FINANCIAL PERFORMANCE

The net operating result as at 30 June 2020 was a surplus of $0.7 million, including a planned underspend of $0.5 million and amoritisation of $0.2 million.

Revenue for the year was $6.107 million. This includes additional funding as a result of a New Policy Proposal at the 2017–18 Budget to strengthen the legislative functions of the Administrator and successfully implement Addendums to the NHR Agreement.

Expenditure for the year to 30 June 2020 was $5.363 million, compared to budgeted expenses of $5.882 million. The underspend of $0.519 million is attributable to capital investment in our key digital platforms which was largely completed in 2019-20.

NHFB expenses 2013-14 to 2019–20

2013–14
$ millions

2014–15
$ millions

2015–16
$ millions

2016–17
$ millions

2017–18
$ millions

2018–19
$ millions

2019–20
$ millions

Budgeted Expenditure*

4.4

4.6

4.4

4.4

5.9

5.5

5.9

Employee Benefits

2.5

1.9

2.0

2.5

2.7

3.1

3.0

Supplier Expenses**

1.7

2.2

2.4

2.2

2.6

2.2

2.4

Total Actual Expenditure

4.2

4.1

4.5

4.7

5.3

5.3

5.4

Surplus (Deficit)

0.2

0.5

(0.1)

(0.3)

0.6

0.1

0.5

* Includes ‘Ordinary annual services (Appropriation Bill No. 1)’ and ‘Revenue from independent sources’ under s74 of the PGPA Act.

** Includes depreciation, amortisation and asset write–downs.

NHFB resource statement, 2019–20

Actual available appropriations for 2019–20
$’000

Payments
made in 2019–20
$’000

Balance remaining in 2019–20
$’000

Ordinary annual services

Departmental appropriation1

6,760

5,990

770

Total ordinary annual services

6,760

5,990

770

Special appropriations

Total resourcing and payments

6,760

5,990

770

1 Appropriation Bill (No. 1) 2019–20, prior year departmental appropriation and section 74 receipts.

Expenses for outcome, 2019–20

Budget1
2019–20
$’000

Actual expenses
2019–20
$’000

Variation
2019–20
$’000

Outcome: To provide transparent and efficient administration of Commonwealth, State and Territory funding of the Australian public hospital system, and support the obligations and responsibilities of the Administrator of the National Health Funding Pool.

Program 1.1: National Health Funding Pool administration

Departmental expenses

Departmental appropriation2

5,882

5,363

519

Special appropriation

Total for Program 1.1

5,882

5,363

519

Total for Outcome 1

5,882

5,363

519

2019–20

2018–19

Average staffing level (number)3

19

19

1 Full year budget, including any subsequent adjustment made to the 2019–20 Budget.

2 Departmental appropriations combine ‘Ordinary annual services (Appropriation Bill No. 1)’ and ‘Revenue from independent sources’ under section 74 of the Public Governance, Performance and Accountability Act 2013.

3 Represents the number of staff paid per fortnight averaged across the financial year.