Schedule of Administered Items

	Notes	2008 $’000		2007 $’000
INCOME ADMINISTERED ON BEHALF OF GOVERNMENT
for the year ended 30 June
REVENUE
Non-taxation revenue
Commission	14A	8,481		8,752
Total non-taxation revenue		8,481		8,752
Total revenues administered on behalf of Government		8,481		8,752
GAINS
Personal benefits - gain on actuarial assessment	14B	-		270
Total gains administered on behalf of Government		-		270
Total income administered on behalf of Government		8,481		9,022
EXPENSES ADMINISTERED ON BEHALF OF GOVERNMENT
for the year ended 30 June
Employee benefits	15A	1,001		918
Suppliers	15B	4,937		7,800
Personal benefits	15C	747		715
Grants	15D	2,370		2,302
Depreciation	15E	178		155
Write down and impairment of assets	15F	-		4
Total expenses administered on behalf of Government		9,233		11,894
ASSETS ADMINISTERED ON BEHALF OF GOVERNMENT
as at 30 June
Financial assets
Cash and cash equivalents	16A	-		21
Receivables	16B	41		830
Accrued revenue	16C	1		2,119
Administered investments	16D	715		-
Total financial assets		757		2,970
Non-financial assets
Land and buildings	16E, 16G	40,902		40,919
Infrastructure, plant and equipment	16F, 16G	1,082		1,026
Other	16H	30		25
Total non-financial assets		42,014		41,970
Total assets administered on behalf of Government		42,771		44,940
LIABILITIES ADMINISTERED ON BEHALF OF GOVERNMENT
as at 30 June
Payables
Suppliers	17A	336		374
Personal benefits	17A	163		88
Other	17A	15		94
Total payables		514		556
Provisions
Employees	17B	163		178
Personal benefits	17B, 17D	12,118		12,128
Make good provision	17B	81		81
Total provisions		12,362		12,387
Other
Unearned revenue	17C	-		107
Total other		-		107
Total liabilities administered on behalf of Government		12,876		13,050
ADMINISTERED CASH FLOWS
for the year ended 30 June
OPERATING ACTIVITIES
Cash received
Commission		9,375		7,464
Other - GST received		30		117
Other		-		110
Total cash received		9,405		7,691
Cash used
Employees		1,025		929
Grants		2,370		2,302
Personal benefits		744		784
Suppliers		5,216		9,863
Total cash used		9,355		13,878
Net cash flows from (used by) operating activities 50  (6,187)INVESTING ACTIVITIES
Cash received
Other		-		-
Total cash received		-		-
Cash used
Purchase of property, plant and equipment		-		18
Total cash used		-		18
Net cash flows from (used by) investing activities		-		(18)
FINANCING ACTIVITIES
Cash received
Cash received from special account		1,058		-
Total cash received		1,058		-
Cash used
Dividends		-		-
Return of equity		-		-
Total cash used		-		-
Net cash flows from (used by) financing activities		1,058		-
Net Increase (decrease) in cash held		1,108		(6,205)
Cash and cash equivalents at the beginning of the reporting period	16A	21		1
Cash from Official Public Account for:
- Appropriations		8,242		9,920
- Special accounts		2,783		3,950
		11,025		13,870
Cash to Official Public Account for:
- Appropriations		(1,707)		(519)
- Special accounts		(10,447)		(7,126)
		(12,154)		(7,645)
Cash and cash equivalents at the end of the reporting period	16A	-		21
ADMINISTERED COMMITMENTS
as at 30 June
BY TYPE
Commitments receivable
GST recoverable on commitments		(129)		(365)
Total commitments receivable		(129)		(365)
Other commitments
Operating leases		1,390		775
Other commitments		30		3,241
Total other commitments		1,420		4,016
Net commitments by type		1,291		3,651
BY MATURITY
Commitments receivable
One year or less		(42)		(320)
From one to five years		(87)		(45)
Over five years		-		-
Total commitments receivable		(129)		(365)
Operating lease commitments
One year or less		431		275
From one to five years		959		500
Over five years		-		-
Total operating lease commitments		1,390		775
Other commitments
One year or less		30		3,241
From one to five years		-		-
Over five years		-		-
Total other commitments		30		3,241
Net commitments by maturity		1,291		3,651

 

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.

Administered contingent assets and liabilities

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 2006–07.

The above schedule should be read in conjunction with the accompanying notes

 

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