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Summary of financial performance

The net operating result as at 30 June 2021 is a surplus of $0.48 million, offset by capital expenditure of $0.22 million.

Revenue for the 2020-21 year was $6.35 million which included funding of $0.68 million in 2020-21 ($0.45 million in 2019-20) for employee and supplier costs to support the National Partnership on COVID-19 Response.

Total expenditure in 2020-21 was $5.87 million and is primarily for employee benefits, supplier costs and amortisation. Actual employee benefits continue to increase year-on-year in line with an increase in the NHFB's budgeted ASL and supplier expenditure remains stable with focus on value for money with our industry partners.

Table 17: NHFB Budgeted v Actual Expenditure 2014-15 to 2020-21

2014–15
$ millions

2015–16
$ millions

2016–17
$ millions

2017–18
$ millions

2018–19
$ millions

2019–20
$ millions

2020–21
$ millions

Budgeted Expenditure¹

4.6

4.4

4.4

5.9

5.5

5.9

6.8³

Employee Benefits

1.9

2.0

2.5

2.7

3.1

3.0

3.2

Supplier
Expenses²

2.2

2.4

2.2

2.6

2.2

2.5

2.6

TOTAL ACTUAL EXPENDITURE

4.1

4.5

4.7

5.3

5.3

5.5

5.9

Variance
(Budget v Actual)

0.5

-0.1

-0.3

0.6

0.1

0.4

0.9

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

2 Includes depreciation, amortisation and asset write–downs.

3 Includes $1.1m in additional appropriated expenditure related to the National Partnership on COVID-19 Response as per the 2020-21 Health Portfolio Budget Statements. Appropriation revenue related to this measure was recognised on the basis of $0.45m in 2019-20 and $0.68m in 2020-21.

Table 18: NHFB resource statement 2020-21

Actual availabl appropriations for 2020–21
$’000

Payments
made in 2020–21
$’000

Balance remaining in 2020–21
$’000

ORDINARY ANNUAL SERVICES

Departmental appropriation1

8,288

6,233

2,055

Total ordinary annual services

8,288

6,233

2,055

Special appropriations

TOTAL RESOURCING AND PAYMENTS

8,288

6,233

2,055

1 Appropriation Bill (No. 1) 2020–21, prior year departmental appropriation and section 74 receipts.

Table 19: Expenses for outcome 2020-21

Budget1
2020–21
$’000

Actual expenses
2020–21
$’000

Variation
2020–21
$’000

Outcome: 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

6,778

5,871

907

Special appropriation

TOTAL FOR PROGRAM 1.1

6,778

5,871

907

TOTAL FOR OUTCOME 1

6,778

5,871

907

2020–21

2019–20

AVERAGE STAFFING LEVEL (NUMBER)3

21

19

1 Full year 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.