Financial Statements

Page index

 

Note 2. The impact of the transition to AEIFRS from previous AGAA
  2005
$'000		 2004
$'000

There is no impact on the departmental income statement, balance sheet and statement of cash flows for the transition to AEIFRS from the previous AGAAP. Note that this varies from the 2004–05 statements (also Note 2) where an adjustment was planned.
Reconciliation of Total Liabilities Administered on Behalf of Government under previous AGAAP to that under AEIFRS
Total Liabilities Administered on Behalf of Government under previous AGAAP 11,599 10,753
Adjustments:    
Personal benefits 1,923 1,658
Total Liabilities Administered on Behalf of Government translated to AEIFRS 13,522 12,411
 
Reconciliation of Expenses Administered on Behalf of Government under previous AGAAP to that under AEIFRS
Prior year expenses Administered on Behalf of Government under previous AGAAP 25,354  
Adjustments:    
Personal benefits 747  
Personal benefits—loss on actuarial assessment 1,176  
Prior year Expenses Administered on Behalf of Government translated to AEIFRS 27,277  

 

Note 3. Income
  2006
$'000		 2005
$'000

Note that transactions reflecting the transfer of special account revenue to the department and its expenditure have been eliminated, so that only the net amounts are reported.
Revenues
Note 3A—Revenues from Government
Appropriations for outputs 94,987 58,931
Total revenues from government 94,987 58,931
 
Note 3B—Goods and services
Services 1,303 854
Total sale of goods and services 1,303 854
 
Rendering of services to:    
Related entities 1,108 843
External entities 195 11
Total rendering of services 1,303 854
 
Note 3C—Commissions
Campaign Advertising Special Account 2,202 1,588
Total other operating revenues 2,202 1,588
 
Note 3D—Gains
Resources received free of charge 1,120 1,810
Total gains 1,120 1,810

 

Note 4. Operating expenses
  2006
$'000		 2005
$'000

The amount and particulars of the following classes of expenditure were included in the aggregate amounts shown in the Income Statement.

Note that transactions reflecting the transfer of special account revenue to the department and its expenditure have been eliminated, so that only the net amounts are reported.
Note 4A—Employee expenses
Wages and salaries 32,696 27,486
Superannuation 5,789 4,826
Leave and other entitlements 4,952 4,599
Separations and redundancies 97 135
Other 355 268
Total employee expenses 43,889 37,314
 
Note 4B—Supplier expenses    
Goods 9,103 5,881
Services 14,399 8,807
Operating lease rentals 6,549 4,636
Workers compensation premium 305 415
Total supplier expenses 30,356 19,739
 
Provision of goods to:
Related entities 728 472
External entities 8,375 5,410
Total sale of goods 9,103 5,881
 
Provision of services to:
Related entities 1,152 775
External entities 13,247 8,883
Total tendering of services 14,399 9,657
 
Note 4C—Grants
Grants to non-profit institutions 2,012 1,007
Total grants expenses 2,012 1,007
 
Note 4D—Depreciation and amortisation
Depreciation
Infrastructure, plant and equipment 4,012 3,531
  4,012 3,531
Amortisation    
Assets held under finance leases – 94
Intangibles—computer software 628 466
  628 560
Total depreciation and amortisation 4,640 4,091
 
Note 4E—Net loss from disposal of assets
Infrastructure, plant and equipment:
Proceeds from disposal 4 3
Net book value of assets disposed 18 162
Write-offs – –
Net loss from disposal of assets 14 159
Note 4F—Finance costs
Leases – 7
Total borrowing costs expense – 7
 
Note 4G—Impairment loss    
Impairment of receivables 15 –
Total other costs of providing goods and services 15 –

 

Note 5. Financial assets
  2006
$'000		 2005
$'000
Note 5A—Cash and cash equivalents
Cash held in special accounts 1 25
Other cash on hand and at bank 17,392 636
Total cash 17,393 661
 
Note 5B—Receivables
Appropriation Receivable—Cash held in the OPA 33,686 12,834
 
GST receivable 641 79
 
Goods and services 601 764
Commission—Campaign Advertising special account 23 187
Less provision for doubtful debts (20) (5)
Net receivables for goods and services 604 946
 
Total receivables (net) 34,931 13,859
All receivables are current assets
 
Receivables (gross) are aged as follows:
Current 34,254 13,365
Overdue by:    
less than 30 days 210 247
30 to 60 days 263 123
60 to 90 days 44 21
more than 90 days 180 108
Total receivables (gross) 34,951 13,864
 
The provision for doubtful debts is aged as follows:
Current – (5)
Overdue by:    
less than 30 days – –
30 to 60 days – –
60 to 90 days – –
more than 90 days (20) –
Total provision for doubtful debt (20) (5)
 
Note 5C—Accrued Revenue
Accrued revenue —Campaign Advertising special account 214 318
—departmental – 4
Total Accrued Revenue 214 322

Note 6. Non-financial assets

Note 6A—Infrastructure, plant and equipment
  2006
$'000		 2005
$'000
—fair value1 23,513 21,385
—accumulated depreciation (16,321) (12,888)
  7,192 8,497
 
—work in progress 4,198 452
  4,198 452
Total infrastructure, plant and equipment (non-current) 11,390 8,949
 

Note 6B—Intangibles
  2006
$'000		 2005
$'000
—computer software cost—internally developed 1,733 1,708
—computer software cost—purchased 3,093 2,674
—accumulated amortisation—internally developed (1,064) (880)
—accumulated amortisation—purchased (2,572) (2,134)
  1,190 1,368
 
Total intangibles (non-current) 1,190 1,368
 

Note 6C—Other
  2006
$'000		 2005
$'000
Prepayments 681 511
Total other 681 511

1. Asset valuations were performed by Australian valuation office.

 

Note 6D—Analysis of infrastructure plant and equipment
TABLE A—Reconciliation of the opening and closing balances of infrastructure, plant and equipment Total $'000
As at 1 July 2005
Gross book value 21,837
Accumulated depreciation/amortisation (12,888)
Opening net book value 8,949
 
Additions:
by purchase 2,073
not previously recognised 101
Work in progress 3,746
 
Net Revaluation increment/(decrement) 552
Depreciation / Amortisation expense (4,012)
 
Disposals:
Other Disposals (44)
Disposal Depreciation 26
 
As at 30 June 2006
Gross book value 27,712
Accumulated depreciation/amortisation (16,321)
Closing net book value 11,390
 
TABLE B—Infrastructure, Plant and Equipment under construction Total
Carrying amount at 30 June 2006 4,198
 
Carrying amount at 30 June 2005 452

 

Note 6E—Analysis of intangibles
Reconciliation of the opening and closing balances of intangibles Computer software internally developed Computer software purchased Total
  $'000 $'000 $'000
As at 1 July 2005
Gross book value 1,708 2,674 4,382
Accumulated amortisation (880) (2,134) (3,014)
Opening net book value 828 540 1,368
 
Additions:
Purchase/Internally developed 25 419 444
from acquisitions of entities of operations (including restructuring) – – –
 
Movements:
Reclassifications – – –
Amortisation expense (184) (444) (628)
Impairments recognised in the operating result – – –
Other movements – – –
 
Disposals:
from disposal of entities or operations (including restructuring) – – –
other disposals – – –
 
As at 30 June 2006
Gross book value 1,733 3,093 4,826
Accumulated amortisation (1,064) (2,572) (3,636)
Closing Net book value 669 521 1,190

 

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Last Updated: 5 December, 2006