Go to top of page

Appendix 2—Financial statements

Signed auditors report letter​ Signed auditors report letter ​
​ Signed auditors report letter ​

​ Signed auditors report letter_ page 2​ Signed auditors report letter_page 2
​ Signed auditors report letter_page 2

Statement by the Accountable AuthorityStatement by the Accountable Authority

STATEMENT OF COMPREHENSIVE INCOME

OFFICE OF THE COMMONWEALTH OMBUDSMAN

STATEMENT OF COMPREHENSIVE INCOME

for the year ended 30 June 2019

2019

2018

Original budget

Notes

$'000

$'000

$'000

NET COST OF SERVICES

Expenses

Employee benefits

2A

26,232

23,308

27,038

Suppliers

2B

15,641

11,443

10,574

Depreciation and amortisation

2C

1,248

1,011

950

Write-down of assets

2D

171

209

-

Impairment of assets

2E

-

11

-

Total expenses

43,292

35,982

38,562

OWN-SOURCE INCOME

Own-source revenue

Rendering of services

4,164

11,040

2,330

Other revenue

54

54

54

Total own-source revenue

4,218

11,094

2,384

Total own-source income

4,218

11,094

2,384

Net cost of services

39,074

24,889

36,178

Revenue from Government

39,100

23,730

35,228

Total comprehensive income/(loss)

26

(1,158)

(950)

The above statement should be read in conjunction with the accompanying notes.

Budget Variances Commentary

Explanations are provided where the variance to Original budget (budget) is 10 per cent or above.

Expenses

Supplier expenses exceeded the budget by $5.1m (48 per cent) due to additional activity associated with receiving $3.9m in Appropriation Act 3 at the Portfolio Additional Estimates Statements and additional own source revenue. Contractor costs (2019: $6.8m) increased by 49 per cent from the previous financial year (2018: $4.6m) due mainly to additional activity associated with the VET FEE-HELP Debts Additional Student Protection measure, not included in the budget.

Depreciation and amortisation expense exceeded budget by $298k (31 per cent) due to prior year leasehold improvement depreciation and current year software and development acquisitions not known at the time of the budget.

The Write-down of assets outcome of $171k, against a nil budget, is due to the results of the annual stocktake and the write-down of fitout for premises no longer required due to the move to expanded, more fit for purpose premises.

Own-Source Income and Revenue from Government

Rendering of services exceeded budget by $1.8m (79 per cent) and is represented by additional ACT Ombudsman services funded by the ACT Government and additional funding received for the international programs funded by the Department of Foreign Affairs and Trade.

The Appropriation revenue variance of $3.9m (11 per cent) is attributed to the Office receiving additional revenue through Appropriation Act 3 in the Portfolio Additional Estimates Statements for: the Postal Industry Ombudsman ($820k); and, the VET FEE-HELP Debts Additional Student Protection measure ($3.1m).

STATEMENT OF FINANCIAL POSITION

OFFICE OF THE COMMONWEALTH OMBUDSMAN

STATEMENT OF FINANCIAL POSITION

as at 30 June 2019

2019

2018

Original budget

Notes

$'000

$'000

$'000

ASSETS

Financial assets

Cash and cash equivalents

3A

1,531

141

198

Trade and other receivables

3A

12,501

9,710

11,595

Other financial assets - lease incentives

3A

1,829

1,311

-

Total financial assets

15,861

11,162

11,793

Non-financial assets

Leasehold improvements

3B

2,999

2,775

-

Plant and equipment

3B

1,103

1,223

3,049

Intangibles

3B

1,515

776

492

Prepayments

543

566

335

Total non-financial assets

6,160

5,340

3,876

Total assets

22,021

16,502

15,669

LIABILITIES

Payables

Suppliers

4A

3,378

332

780

Other payables

4B

4,067

3,533

3,733

Leases

4C

1,379

1,347

-

Total payables

8,824

5,212

4,513

Provisions

Employee provisions

6,709

5,655

5,093

Other provisions

220

220

652

Total provisions

6,929

5,876

5,745

Total liabilities

15,753

11,087

10,258

Net assets

6,268

5,415

5,411

EQUITY

Contributed equity

10,089

9,262

10,079

Reserves

1,069

1,069

1,069

Accumulated deficit

(4,890)

(4,916)

(5,737)

Total equity

6,268

5,415

5,411

The above statement should be read in conjunction with the accompanying notes.

Budget Variances Commentary

Explanations are provided where the variance to Original budget (budget) is 10 per cent or above.

Assets

Cash and cash equivalents exceeded budget by $1.3m (six times over budget) and is directly related to timing differences between the funds drawn down from the Consolidated Revenue Fund and the payments to suppliers. Other financial assets exceeded budget by $1.8m (100 per cent) and relates to the recognition of a new lease incentive, not included in the budget.

In the budget Leasehold improvements was identified against Plant and Equipment (PE) to show a budget variance for PE of $2.0m (65 per cent). For both categories a net $1.0m (35 per cent) variance in excess of the budget was due to the completion of the office fitout plan and the purchase of ICT equipment.

Intangibles exceeded budget by three times due to the purchase of new software and the development of the Private Health Insurance Ombudsman website $1.0m, not known at the time of the budget.

Prepayments exceeded the budget by $208k (62 per cent) and is due to increased prepayments for software licences and staff training and wellbeing costs, commensurate with the increase in staffing levels.

Liabilities

Suppliers was three times over the budget, with a variance of $2.6m. Of this, $1.3m is due to the final payment run not being processed for 2019, and the remaining $1.3m is for supplier accruals being higher than expected, commensurate with the increased activities for the Office.

Leases exceeded budget by $1.3m as not identified in the budget and is consistent with the 2017-18 outcome.

Employee provisions exceeded budget by $1.6m (32 per cent) and is attributed to an increase in ASL of 18, from 201 (2018) to 219 (2019), plus a change in the Government bond rate and salary growth rate as at 30 June 2019.

Other provisions is less than budget by $432k (66 per cent) due to the budget not taking into consideration prior year changes to contracts. There was no movement in the provision from 2017-18.

STATEMENT OF CHANGES IN EQUITY

OFFICE OF THE COMMONWEALTH OMBUDSMAN

STATEMENT OF CHANGES IN EQUITY

for the year ended 30 June 2019

2019

2018

Original Budget

$'000

$'000

$'000

CONTRIBUTED EQUITY

Opening Balance

Balance carried forward from previous period

9,262

8,441

9,262

Comprehensive income

Transactions with owners

Contributions by owners

Departmental capital budget

817

821

817

Other(1)

10

-

-

Total transactions with owners

827

821

-

Closing Balance as at 30 June

10,089

9,262

9,262

RETAINED EARNINGS

Opening Balance

Balance carried forward from previous period

(4,916)

(3,758)

(4,825)

Comprehensive income

Surplus/(Deficit) for the period

26

(1,158)

(950)

Transactions with owners

Distribution to owners

Other

-

-

38

Closing Balance as at 30 June

(4,890)

(4,916)

(5,737)

ASSET REVALUATION RESERVE

Opening Balance

Balance carried forward from previous period

1,069

1,069

1,069

Closing Balance as at 30 June

1,069

1,069

1,069

TOTAL EQUITY

Opening Balance

Balance carried forward from previous period

5,415

5,752

5,506

Comprehensive income

Surplus/(Deficit) for the period

26

(1,158)

(950)

Transactions with owners

Contributions by owners

Departmental capital budget

817

821

817

Other

10

-

-

Distributions to owners

Other

-

-

38

Total transactions with owners

827

821

855

Closing Balance as at 30 June

6,268

5,415

5,411

Note:

(1) 2015-16 Appropriation Act 1 has been repealed resulting in the reversal of a $10k quarantined for the 2014-15 Mid-Year Economic and Fiscal Outlook measure Public Sector Superannuation Accumulation Plan administration fees.

The above statement should be read in conjunction with the accompanying notes.

Accounting Policy

Equity Injections

Amounts appropriated which are designated as ‘equity injections’ for a year (less any formal reductions) and Departmental Capital Budgets (DCBs) are recognised directly in contributed equity in that year.

CASH FLOW STATEMENT

OFFICE OF THE COMMONWEALTH OMBUDSMAN

CASH FLOW STATEMENT

for the year ended 30 June 2019

2019

2018

Original budget

Note

$'000

$'000

$'000

OPERATING ACTIVITIES

Cash received

Appropriations

41,878

35,935

35,577

Rendering of services

5,699

11,944

2,329

Net GST received

1,030

939

2

Other

847

1,167

(6)

Total cash received

49,454

49,986

37,902

Cash used

Employees

25,443

22,833

27,013

Suppliers

15,970

14,157

10,608

Section 74 receipts transferred to the OPA

5,323

13,061

281

Total cash used

46,736

50,051

37,902

Net cash from/(used by) operating activities

2,718

(65)

-

INVESTING ACTIVITIES

Cash used

Purchase of property, plant and equipment

1,112

1,795

817

Purchase of intangibles

1,150

330

-

Total cash used

2,262

2,125

817

Net cash used by investing activities

(2,262)

(2,125)

(817)

FINANCING ACTIVITIES

Cash received

Departmental Capital Budget

934

2,134

817

Total cash received

934

2,134

817

Net cash from financing activities

934

2,134

817

Net increase/(decrease) in cash held

1,390

(57)

-

Cash and cash equivalents at the beginning of the reporting period

141

198

198

Cash and cash equivalents at the end of the reporting period

3A

1,531

141

198

The above statement should be read in conjunction with the accompanying notes.

Budget Variances Commentary

Explanations are provided where the variance to Original budget (budget) is 10 per cent or above.

Operating Activities

Cash received

Appropriations were 18 per cent over budget due largely to the Section 74 receipts transferred to the Official Public Account (OPA).

Rendering of services exceeded budget by one and a half times with a variance of $3.4m. This variance is due to $1.2m being received from the Department of Defence for work completed in 2017-18, and the difference in the original estimate for the international programs ($1.3m) and ACT Ombudsman function ($800k) compared to the actual funding received from the Department of Foreign Affairs and Trade and ACT Government respectively.

Net GST received budget of $2k was significantly understated and caused a variance of $1.0m.

Other cash received has a variance of $853k to budget, mainly due to staff movements to the Office being higher than planned. This variance consists of cash received for new starter leave liabilities transferring from other Commonwealth entities ($595k), refunds from Comcare ($70k), paid parental leave ($91k) and one off payments.

Cash used

The increase in Suppliers of $5.4m (51 per cent) against the budget, mainly due to the additional activity associated with the VET FEE-HELP Debts Additional Student Protection measure and Postal Industry Ombudsman, not included in the budget.

Section 74 receipts transferred to the OPA was $5.0m above the derived budget of $281k. The budget was significantly understated.

Investing Activities

Cash used

The Office exceeded budget by over two and a half times. For Departmental Capital Budget (DCB), it has drawn down on current ($817k) and prior year ($117k) funds, and used current year Departmental Operating ($1.3m) to fund the fitout of new premises and the enhancement of software. In the budget, DCB was applied against the purchase of property, plant and equipment.

Financing Activities

Cash received

The variance to budget (14 per cent) is the draw down of $117k in unspent prior year DCB to fund the purchase of property, plant and equipment and intangibles. This decision was made after the budget.

Notes forming part of the financial statements

OFFICE OF THE COMMONWEALTH OMBUDSMAN

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

for the year ended 30 June 2019

Note

1: Overview

2: Expenses

3: Assets

4: Payables

5: Key Management Personnel Remuneration

6: Related Party Disclosures

7: Financial Instruments

8: Appropriations

9: Aggregate Assets and Liabilities

Note 1 Overview

OFFICE OF THE COMMONWEALTH OMBUDSMAN

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

for the year ended 30 June 2019

Note 1: Overview

1.1 Basis of Preparation of the Financial Statements

The Financial Statements are general purpose financial statements and are required by section 42 of the Public Governance, Performance and Accountability Act 2013.

The Financial Statements have been prepared in accordance with the:

a) Public Governance, Performance and Accountability (Financial Reporting) Rule 2015 (FRR); and

b) Australian Accounting Standards and Interpretations - Reduced Disclosure Requirements issued by the Australian Accounting Standards Board (AASB) that apply for the reporting period.

The Financial Statements have been prepared on an accrual basis and in accordance with the historical cost convention, except for certain assets and liabilities at fair value. Except where stated, no allowance is made for the effect of changing prices on the results or the financial position. The Financial Statements are presented in Australian dollars.

1.2 Significant Accounting Judgements and Estimates

No accounting assumptions or estimates or other judgements have been identified that have a significant risk of causing a material adjustment to carrying amounts of assets and liabilities within the next accounting period.

1.3 New Australian Accounting Standards

Adoption of New Australian Accounting Standard Requirements

No accounting standard has been adopted earlier than the application date as stated in the standard. There have been no further new standards, revised standards, amended standards or interpretations that were issued by the AASB prior to the sign off date, which are applicable to the current reporting period and have a material financial impact on the Office.

The Office has applied AASB 9 Financial Instruments in 2018-19. The Office’s financial instruments are disclosed in Note 7.

Future Australian Accounting Standard Requirements

The following new, revised or amended standards and interpretations were issued by the AASB prior to the signing of the Financial Statements by the Accountable Authority and Chief Financial Officer, are expected to have a material impact on the Office’s Financial Statements for future reporting periods:

a) The Office expects to apply AASB 16 Leases from 2019-20. The Office’s existing operating lease commitments are disclosed in Note 2B. b) The Office expects to apply AASB 1058 Income of Not-for-Profit Entities, in conjunction with AASB 15 Revenue from Contracts with Customers from 2019-20. The Office’s income is disclosed in the Income Statement.

1.4 Contingent Liabilities and Contingent Assets

Contingent liabilities and contingent assets are not recognised in the Statement of Financial Position. They may arise from uncertainty as to the existence of a liability or asset or represent an asset or liability in respect of which the amount cannot be reliably measured. Contingent assets are disclosed when settlement is probable but not virtually certain and contingent liabilities are disclosed when settlement is greater than remote.

Note 2 Expenses

OFFICE OF THE COMMONWEALTH OMBUDSMAN

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

for the year ended 30 June 2019

Note 2: Expenses

2019

2018

$'000

$'000

Note 2A: Employee Benefits

Wages and salaries

19,177

17,233

Superannuation:

Defined contribution plans

1,986

1,701

Defined benefit plans

1,566

1,475

Leave and other entitlements

3,070

2,628

Separation and redundancies

433

271

Total employee benefits

26,232

23,308

Note 2B: Suppliers

Goods and services

Travel

1,650

1,354

Information technology and communications

1,434

860

Employee related

1,058

776

Property operating expenses

776

1,155

Media related

200

235

Consultants and contractors

6,803

4,554

Printing, stationery and postage

225

95

Other

897

599

Total goods and services

13,043

9,627

Other supplier expenses

Operating lease rentals

2,471

1,554

Workers compensation expenses

127

262

Total other supplier expenses

2,598

1,817

Total supplier expenses

15,641

11,443

Leasing commitments

Commitments for minimum lease payments in relation to non-cancellable operating leases are payable as follows:

Within 1 year

3,277

2,939

Between 1 to 5 years

13,725

13,949

More than 5 years

185

879

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

OFFICE OF THE COMMONWEALTH OMBUDSMAN

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

for the year ended 30 June 2019

2019

2018

$'000

$'000

Note 2C: Depreciation and Amortisation

Depreciation

Leasehold improvements

525

323

Property, plant and equipment

334

326

Amortisation

Intangibles - Computer Software

389

Total depreciation and amortisation

1,248

1,011

Note 2D: Write-Down and Impairment of Assets

Asset write-downs and impairments from:

Write-down of property, plant and equipment

171

209

Total write-down and impairment of assets

171

209

Note 2E: Impairment Loss Allowance on Financial Instruments

Write-down of financial instruments

0

11

Total impairment on financial instruments

0

11

Note 3 Assets

OFFICE OF THE COMMONWEALTH OMBUDSMAN

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

for the year ended 30 June 2019

Note 3: Assets

2019

2018

$'000

$'000

Note 3A: Financial Assets

Cash and Cash Equivalents

Cash on hand or on deposit

1,531

141

Total cash and cash equivalents

1,531

141

Trade and Other Receivables

Good and Services:

Goods and services

156

1,288

Appropriations receivable:

For existing programs

11,929

8,288

Other receivables:

GST receivable from the Australian Taxation Office

416

135

Total trade and other receivables

12,501

9,710

Receivables are expected to be recovered within 12 months.

Other Financial Assets

Lease incentives

1,829

1,311

Total other financial assets

1,829

1,311

Total other financial assets are expected to be recovered within the term of the lease.

Note 3B: Reconciliation of the Opening and Closing Balances of Property, Plant and Equipment and Intangibles

Leasehold improvements

Other plant & equipment

Computer software purchased

<strong>Total </strong>

$'000

$'000

$'000

$'000

As at 1 July 2018

OFFICE OF THE COMMONWEALTH OMBUDSMAN

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

for the year ended 30 June 2019

Note 3: Non-Financial Assets

Accounting Policy

Acquisition of Assets

Assets are recorded at cost on acquisition except as stated below. The cost of acquisition includes the fair value of assets transferred in exchange and liabilities undertaken. Financial assets are initially measured at their fair value plus transaction costs where appropriate.

Assets acquired at no cost, or for nominal consideration, are initially recognised as assets and income at their fair value at the date of acquisition, unless acquired as a consequence of restructuring of administrative arrangements. In the latter case, assets are initially recognised as contributions by owners at the amounts at which they were recognised in the transferor’s accounts immediately prior to the restructuring.

Asset Recognition Threshold

Purchases of property, plant and equipment are recognised initially at cost in the Statement of Financial Position, except for purchases costing less than $2,000, which are expensed in the year of acquisition.

The initial cost of an asset includes an estimate of the cost of dismantling and removing the item and restoring the site on which it is located. This is particularly relevant to ‘makegood’ provisions in property leases taken up by the Office where there exists an obligation to restore the property to its original condition. These costs are included in the value of the Office's leasehold improvements with a corresponding provision for the ‘makegood’ recognised.

Revaluations

Fair values for each class of asset are determined as shown below:

Asset Class

Fair value measured at:

Leasehold improvements

Depreciated replacement cost

Plant and equipment

Depreciated replacement cost & market selling price

Following initial recognition at cost, property plant and equipment are carried at fair value less subsequent accumulated depreciation and accumulated impairment losses. Valuations are conducted with sufficient frequency to ensure that the carrying amounts of assets do not differ materially from the assets’ fair values as at the reporting date. The regularity of independent valuations depends upon the volatility of movements in market values for the relevant assets.

Revaluation adjustments are made on a class basis. Any revaluation increment is credited to equity under the heading of asset revaluation reserve except to the extent that it reverses a previous revaluation decrement of the same asset class that was previously recognised in the surplus/deficit. Revaluation decrements for a class of assets are recognised directly in the surplus/deficit except to the extent that they reverse a previous revaluation increment for that class.

Any accumulated depreciation as at the revaluation date is eliminated against the gross carrying amount of the asset and the asset restated to the revalued amount.

Depreciation

Depreciable property, plant and equipment assets are written-off to their estimated residual values over their estimated useful lives to the Office using, in all cases, the straight-line method of depreciation.

Note 4 Payables

OFFICE OF THE COMMONWEALTH OMBUDSMAN

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

for the year ended 30 June 2019

Note 4: Payables

2019

2018

$'000

$'000

Note 4A: Suppliers

Trade creditors and accruals

3,378

332

Total supplier payables

3,378

332

Settlement is usually made within 30 days.

Note 4B: Other Payables

Salaries and wages

197

223

Superannuation

28

70

Separations and redundancies

303

233

Leases

2,580

2,215

Unearned income

771

717

Other

188

76

Total other payables

4,067

3,533

Note 4C: Leases

Operating lease rentals(1)

1,379

1,347

Total leases

1,379

1,347

Note:

(1) For minimum lease payments expected to be settled within one year up to more than five years, see Note 2B.

Note 5 Key Management Personnel Remuneration

OFFICE OF THE COMMONWEALTH OMBUDSMAN

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

for the year ended 30 June 2019

Note 5: Key Management Personnel Remuneration

Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, including any director (whether executive or otherwise) of that entity. The entity has determined the key management personnel to be the Ombudsman, the Deputy Ombudsman, the Chief Operating Officer and the five Senior Assistant Ombudsman. Key management personnel remuneration is reported in the table below:

2019

2018

$'000

$'000

Short-term employee benefits:

Salary

1,829

2,026

Motor vehicle and other allowances

200

151

Total short-term employee benefits

2,029

2,177

Post-employment benefits:

Superannuation

323

328

Total post-employment benefits

323

328

Other long-term benefits:

Long-service leave

154

47

Total other long-term benefits

154

47

Total

2,506

2,551

The total number of key management personnel that occupied these positions included in the above table is eight individuals (2018: 13 individuals).

For 2018-19 an assessment of acting arrangements was undertaken to determine if officers on higher duties meet the criteria for key management personnel reporting; the outcome of the assessment was that no officers met the reporting criteria.

The above key management personnel remuneration excludes the remuneration and other benefits of the Portfolio Minister. The Portfolio Minister's remuneration and other benefits are set by the Remuneration Tribunal and are not paid by the entity.

Note 6 Related Party Disclosures

OFFICE OF THE COMMONWEALTH OMBUDSMAN

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

for the year ended 30 June 2019

Note 6: Related Party Disclosures

Related party relationships:

The entity is an Australian Government controlled entity. Related parties to this entity are Key Management Personnel including the Portfolio Minister and Executive, and other Australian Government entities.

Transactions with related parties:

Given the breadth of Government activities, related parties may transact with the government sector in the same capacity as ordinary citizens. Such transactions include the payment or refund of taxes, receipt of a Medicare rebate or higher education loans. These transactions have not been separately disclosed in this note.

Giving consideration to relationships with related entities, and transactions entered into during the reporting period by the entity, it has been determined that there are no related party transactions to be separately disclosed.

Note 7 Financial Instruments

OFFICE OF THE COMMONWEALTH OMBUDSMAN

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

for the year ended 30 June 2019

Note 7: Financial Instruments

Note

2019

2018

$'000

$'000

Note 7: Categories of Financial Instruments

Financial Assets under AASB 139

Loans and receivables:

Cash and cash equivalents

3A

141

Trade and other receivables

3A

1,288

Carrying amount of financial assets

1,428

Financial Assets under AASB 9

Financial assets at amortised cost:

Cash and cash equivalents

3A

1,531

Trade and other receivables

3A

156

Carrying amount of financial assets

1,687

Financial Liabilities

At amortised cost:

Supplier payables

4A

3,378

332

Carrying amount of financial liabilities

3,378

332

Classification of financial assets on the date of initial application of AASB 9

Note

AASB 139 original classification

AASB 9 new classification

AASB 139 carrying amount at 1 July 2018

AASB 9 carrying amount at 1 July 2018"

Financial assets class

$'000

$'000

Cash and Cash Equivalents

3A

Loans and receivables

Amortised Cost

141

141

Trade receivables

3A

Loans and receivables

Amortised Cost

1,288

1,288

Total financial assets

1,428

1,428

Reconciliation of carrying amounts of financial assets on the date of initial application of AASB 9

Note

AASB 139 carrying amount at 30 June 2018

Reclassification

Remeasurement

AASB 9 carrying amount at 1 July 2018"

$'000

$'000

$'000

$'000

Financial assets at amortised cost

Cash and Cash Equivalents

3A

141

-

-

141

Note 8 Appropriations

OFFICE OF THE COMMONWEALTH OMBUDSMAN

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

for the year ended 30 June 2019

Note 8: Appropriations

Table A: Annual Appropriations ('Recoverable GST exclusive')

Annual Appropriations for 2019

Appropriation Act

PGPA Act

Total Appropriation

Appropriation applied (current and prior years)

<strong>Variance(a) </strong>

Annual Appropriation

AFM

Section 74

Section 75

<strong> </strong>

$'000

$'000

$'000

$'000

$'000

$'000

<strong>$'000 </strong>

DEPARTMENTAL

Ordinary annual services

39,100

-

5,323

-

44,423

40,488

3,935

Capital Budget

817

-

-

-

817

934

(117)

Total departmental

39,917

-

5,323

-

45,240

41,422

<strong>3,818 </strong>

Notes:

(a) The variance of $0.1m in the capital budget was primarily due to the office using prior year Departmental Capital Budget to fund the fitout of office premises.

Annual Appropriations for 2018

Appropriation Act

PGPA Act

Total Appropriation

Appropriation applied (current and prior years)

<strong>Variance </strong>

Annual Appropriation

AFM

Section 74

Section 75

<strong> </strong>

$'000

$'000

$'000

$'000

$'000

$'000

<strong>$'000 </strong>

DEPARTMENTAL

Ordinary annual services

23,730

-

13,061

-

36,791

36,001

790

Capital Budget

821

-

-

-

821

2,125

(1,304)

Total departmental

24,551

-

13,061

-

37,612

38,126

<strong>(514) </strong>

Table B: Unspent Annual Appropriations ('Recoverable GST exclusive')

Authority

2019

2018

$'000

$'000

DEPARTMENTAL

2017-18 Appropriation Act 1

-

8,171

2017-18 Appropriation Act 1- Departmental Capital Budget

-

117

2018-19 Appropriation Act 1

10,726

-

Total

10,726

8,288

Cash on hand or on deposit

1,531

141

Note 9 Aggregate Assets and Liabilities

OFFICE OF THE COMMONWEALTH OMBUDSMAN

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

for the year ended 30 June 2019

Note 9: Aggregate Assets and Liabilities

Note 9: Aggregate Assets and Liabilities

2019

2018

$'000

$'000

Assets expected to be recovered in:

No more than 12 months

14,921

10,602

More than 12 months

7,100

5,900

Total assets

22,021

16,502

Liabilities expected to be settled in:

No more than 12 months

7,748

4,090

More than 12 months

8,005

6,997

Total liabilities

15,753

11,087