Financial statements
Statement of comprehensive income for the period ended 30 June 2019
|
2019 |
2018 |
Original Budget 2019 |
||
|---|---|---|---|---|
|
Notes |
$ |
$ |
$ |
|
|
NET COST OF SERVICES |
||||
|
Expenses |
||||
|
Employee benefits |
1.3 |
6,734,216 |
6,823,088 |
6,523,000 |
|
Supplier |
1.4 |
1,788,156 |
1,263,773 |
1,906,000 |
|
Depreciation and amortisation |
1.6 |
78,219 |
308,169 |
336,000 |
|
Total expenses |
8,600,591 |
8,395,030 |
8,765,000 |
|
|
Own-source income |
||||
|
Other revenue |
||||
|
Resources received free of charge |
1.5 |
|||
|
Accommodation |
302,683 |
294,553 |
346,000 |
|
|
Auditor remuneration |
50,000 |
50,000 |
||
|
Total other revenue |
352,683 |
344,553 |
346,000 |
|
|
Gains |
||||
|
Other gains |
33,805 |
- |
- |
|
|
Total gains |
33,805 |
- |
- |
|
|
Total own-source income |
386,488 |
344,553 |
346,000 |
|
|
NET COST OF SERVICES |
8,214,103 |
8,050,477 |
8,419,000 |
|
|
Revenue from Government |
1.5 |
|||
|
Departmental Appropriation |
7,238,000 |
6,753,000 |
7,238,000 |
|
|
Special Appropriation |
931,689 |
989,308 |
845,000 |
|
|
Total revenue from Government |
8,169,689 |
7,742,308 |
8,083,000 |
|
|
Surplus/(deficit) attributable to the Australian Government |
(44,414) |
(308,169) |
(336,000) |
|
|
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO THE AUSTRALIAN GOVERNMENT |
(44,414) |
(308,169) |
(336,000) |
The above statement should be read in conjunction with the accompanying notes.
Statement of financial position as at 30 June 2019
|
2019 |
2018 |
Original Budget 2019 |
||
|---|---|---|---|---|
|
Notes |
$ |
$ |
$ |
|
|
ASSETS |
||||
|
Financial assets |
||||
|
Cash |
36,175 |
31,757 |
51,000 |
|
|
Receivables |
||||
|
Appropriation receivable |
1.5 |
2,989,612 |
2,235,092 |
2,167,000 |
|
GST receivable |
3,314 |
2,553 |
- |
|
|
Other receivables |
- |
18,524 |
- |
|
|
Total financial assets |
3,029,101 |
2,287,926 |
2,218,000 |
|
|
Non-financial assets |
||||
|
Property, plant and equipment |
1.6 |
1,606,562 |
1,684,781 |
1,591,000 |
|
Intangibles |
- |
- |
598,000 |
|
|
Prepayments |
85,543 |
65,900 |
27,000 |
|
|
Total non-financial assets |
1,692,105 |
1,750,681 |
2,216,000 |
|
|
Total assets |
4,721,206 |
4,038,607 |
4,434,000 |
|
|
LIABILITIES |
||||
|
Payables |
||||
|
Trade creditors |
306,806 |
129,822 |
155,000 |
|
|
Employee payables |
73,852 |
64,308 |
- |
|
|
Other payables |
19,248 |
11,964 |
84,000 |
|
|
Total payables |
399,906 |
206,094 |
239,000 |
|
|
Provisions |
||||
|
Employee leave provisions |
1.2 |
2,674,440 |
2,141,241 |
1,966,000 |
|
Total liabilities |
3,074,346 |
2,347,335 |
2,205,000 |
|
|
Net assets |
1,646,860 |
1,691,272 |
2,229,000 |
|
|
EQUITY |
||||
|
Asset revaluation reserve |
30,263 |
30,263 |
30,000 |
|
|
Retained earnings |
1,616,596 |
1,661,009 |
2,199,000 |
|
|
Total equity |
1,646,859 |
1,691,272 |
2,229,000 |
The above statement should be read in conjunction with the accompanying notes.
Statement of changes in equity as at 30 June 2019
|
2019 |
2018 |
Original Budget 2019 |
|
|---|---|---|---|
|
RETAINED EARNINGS |
$ |
$ |
$ |
|
Opening balance as at 1 July 2018 |
1,661,009 |
2,827,363 |
2,535,000 |
|
Surplus/(deficit) for the period |
(44,414) |
(308,169) |
(336,000) |
|
Adjustment for intangible asset transfer (a) |
- |
(858,185) |
- |
|
Closing balance attributable to the Australian Government |
1,616,595 |
1,661,009 |
2,199,000 |
|
ASSET REVALUATION RESERVE |
|||
|
Opening balance as at 1 July 2018 |
30,263 |
30,263 |
30,000 |
|
Revaluation adjustment |
- |
- |
- |
|
Closing balance attributable to the Australian Government |
30,263 |
30,263 |
30,000 |
|
Total Equity |
1,646,858 |
1,691,272 |
2,229,000 |
(a) In 2018 all intangible assets were transferred at net book value ($858,185) to the Department of Parliamentary Services for no consideration, recognising a reduction in equity. As no balance exists for contributed equity, this amount was subsequently transferred to accumulated results.
Cash flow statement for the period ended 30 June 2019
|
2019 |
2018 |
Original Budget 2019 |
|
|---|---|---|---|
|
$ |
$ |
$ |
|
|
OPERATING ACTIVITIES |
|||
|
Cash received |
|||
|
Appropriations |
6,972,783 |
7,371,526 |
8,051,000 |
|
Net GST received |
34,083 |
28,351 |
- |
|
Non-appropriation receipts (a) |
442,386 |
236,462 |
- |
|
Total cash received |
7,449,252 |
7,636,339 |
8,051,000 |
|
Cash used |
|||
|
Employees |
6,184,363 |
6,634,620 |
6,491,000 |
|
Suppliers |
1,260,471 |
1,020,925 |
1,560,000 |
|
Total cash used |
7,444,834 |
7,655,545 |
8,051,000 |
|
Net cash from operating activities |
4,418 |
(19,206) |
- |
|
Net (decrease) / increase in cash held |
4,418 |
(19,206) |
- |
|
Cash at the beginning of the reporting period |
31,757 |
50,963 |
51,000 |
|
Cash at the end of the reporting period |
36,175 |
31,757 |
51,000 |
(a) Non-appropriation receipts are required to be returned to the Official Public Account. They increase the PBO's available appropriation under section 74 of the PGPA Act and when subsequently drawn down for use by the PBO they are recorded as ordinary appropriations.
Visit
https://www.transparency.gov.au/annual-reports/parliamentary-budget-office/reporting-year/2018-2019-21