Financial Statements - Schedule of administered items

         
   
2007
2006
   
Notes
$’000
$’000
INCOME ADMINISTERED ON BEHALF OF GOVERNMENT
 
for the year ended 30 June 2007
 
   
 
REVENUE
 
Non-taxation revenue
 
  Commissions—Media Commissions special account
14A
8,752
6,779
  Other revenue
14B
–
10
Total Revenue Administered on Behalf of Government
8,752
6,789
   
 
GAINS
  Personal benefits—gain on actuarial assessment
14C
270
283
  Assets not previously recognised
14C
–
4
Total Gains Administered on Behalf of Government>
270
287
   
 
Total Income Administered on Behalf of Government
9,022
7,076
   
 
EXPENSES ADMINISTERED ON BEHALF OF GOVERNMENT
for the year ended 30 June 2007
 
  Employee benefits
15A
918
869
  Suppliers
15B
7,800
10,813
  Personal benefits
15C
715
655
  Grants
15D
2,302
1,856
  Depreciation
15E
155
162
  Write down and impairment of assets
15F
4
–
   
 
Total Expenses Administered on Behalf of Government
11,894
14,356
This schedule should be read in conjunction with the accompanying notes.
SCHEDULE OF ADMINISTERED ITEMS (continued)        
 
2007
2006
 
Notes
  
$’000
$’000
ASSETS ADMINISTERED ON BEHALF OF GOVERNMENT
as at 30 June 2007
 
  Financial assets
 
    Cash and cash equivalents
16A
21
1
    Receivables
16B
830
112
    Accrued Revenue
16C
2,119
643
  Total financial assets
2,970
756
     
 
  Non-financial assets
 
    Land and buildings
16D, 16F
40,919
31,961
    Infrastructure, plant and equipment
16E, 16F
1,026
559
    Other
16G
25
17
  Total non-financial assets
41,970
32,537
     
 
  Total Assets Administered on Behalf of Government
44,940
33,293
     
 
LIABILITIES ADMINISTERED ON BEHALF OF GOVERNMENT
as at 30 June 2007        
  Payables        
    Suppliers
17A
374
1,586
    Personal Benefits
17A
88
–
    Other
17A
94
–
  Total payables
556
1,586
  Provisions
 
    Employees
17B
178
187
    Personal Benefits
17B, 17D
12,128
12,555
    Make good provision
17B
81
79
  Total provisions
12,387
12,821
  Other
 
    Unearned Revenue
17C
107
–
  Total Other
107
–
     
 
  Total Liabilities Administered on Behalf of Government
13,050
14,407

This schedule should be read in conjunction with the accompanying notes.
SCHEDULE OF ADMINISTERED ITEMS (continued)      
 
2007
2006
 
Notes
$’000
$’000
ADMINISTERED CASH FLOWS
      
continued
       
for the year ended 30 June 2007
 
Operating Activities
 
  Cash Received
 
    Commissions—Media Commissions special account
7,464
8,114
    Other—GST received
117
1,186
    Other
110
20
  Total Cash Received
7,691
9,320
     
 
  Cash Used
 
    Employees
929
864
    Grants
2,302
1,856
    Personal benefits
784
835
    Suppliers
9,863
10,431
  Total Cash Used
13,878
13,986
     
 
  Net Cash From / (Used by) Operating Activities
(6,187)
(4,666)
     
 
Investing Activites
 
  Cash received
 
    Other
–
–
  Total cash received
–
–
     
 
  Cash Used
 
    Purchase of property, plant and equipment
18
21
  Total Cash Used
18
21
     
 
  Net Cash From / (Used by) Investing Activities
(18)
(21)
     
 
Financing Activities
 
  Cash received
–
–
    Equity appropriations
–
–
  Total cash received
–
–
  Cash Used
 
    Dividends
–
–
    Return of equity
–
–
  Total cash used
–
–
     
 
  Net cash from / (used by) financing activities
–
–
     
 
  Net Increase (Decrease) in Cash Held
(6,205)
(4,687)
     
 
  Cash at the beginning of the reporting period
1
70
  Cash from Official Public Account for:
 
  —Appropriations
9,920
10,057
  —Special accounts
3,950
4,533
     
13,870
14,590
  Cash to Official Public Account for:
 
  —Appropriations
(519)
(1,857)
  —Special accounts
(7,126)
(8,115)
     
(7,645)
(9,972)
     
 
  Cash at End of Reporting Period
16A
21
1
This schedule should be read in conjunction with the accompanying notes.
SCHEDULE OF ADMINISTERED ITEMS (continued)    
   
2007
2006
   
$’000
$’000
ADMINISTERED COMMITMENTS
as at 30 June 2007    
BY TYPE    
Commitments receivable    
  GST recoverable on commitments
(365)
(763)
Total commitments receivable
 
Other commitments
 
  Operating leases
775
1,489
  Other
3,241
6,898
Total other commitments
4,016
8,388
Net administered commitments by Type
3,651
7,625
   
 
BY MATURITY
 
Commitments receivable
 
  One year or less
(320)
(350)
  From one to five years
(45)
(413)
  Over five years
–
–
Total commitments receivable
(365)
(763)
Operating lease commitments
 
  One year or less
275
420
  From one to five years
500
1,069
  Over five years
–
–
Total operating leases
775
1,489
Other commitments
 
  One year or less
3,241
3,428
  From one to five years
–
3,470
  Over five years
–
–
Total other commitments
3,241
6,898
Net commitments by maturity
3,651
7,625
NB: Commitments are GST inclusive where relevant.

General description of leasing arrangements

Operating leases comprise leases of office accommodation for the former Governors-General. Lease payments are subject to periodic increase in accordance with the rent review provisions of the lease.

Unquantifiable commitments

The department has an unquantifiable commitment in relation to remuneration for HMA Blaze for non-campaign advertising placement. Remuneration is based on a percentage of the media commissions received by the department, which cannot be reliably forecast.

This schedule should be read in conjunction with the accompanying notes.

Administered Contingencies

The department is not aware of any administered contingent liabilities or assets as at signing date that would require disclosure in the Financial Statements. There were no administered contingent liabilities or assets reported in 2005–06.
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Last Updated: 21 January, 2008