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Financial Statements

Agency Statement of Financial Performance

for the period ended 30 June 2001

Budget 2000-2001 $'000		Notes	Actual 2000-2001 $'000	Actual 1999-2000 $'000

	Revenues from ordinary activities
190 482	Revenues from government	4A, 15	190 697	187 205
10 773	Sales of goods and services	4B	7 244	7 963
0	Interest		3 485	2 068
	Proceeds from disposals of assets	4C	3 636	2 944
	Other	4D	6 218	1 772
201 255	*Total revenues from ordinary activities*		211 280	201 952

	Expenses from ordinary activities
67 269	Employees	5A	68 775	64 856
93 677	Suppliers	5B	86 221	81 712
14 681	Depreciation and amortisation	5C	11 953	12 644
1,120	Net write down of assets	5D	16 299	3 707
	Disposals of assets	4C	2 463	6 308
	Other	5E	10 733	8 192
176 747	*Total expenses from ordinary activities*		196 444	177 419

	Borrowing costs expense	6	154	30

24 508	Net Operating surplus (deficit) from ordinary activities		14 682	24 503

24 508	Net surplus (deficit)		14 682	24 503
	Equity Interests

24 508	Net surplus/(deficit) attributable to the Commonwealth	13,14	14 682	24 503

-	Transitional adjustments affected 1 July	7	-	( 8 300)
	Net credit (debit) to assest revaluation reserve		2 328	(7 412)
	Total revenues, expenses and valuation adjustments recognised directly in equity		2 328	(15 712)

24 508	Total changes in equity other than those resulting from transactions with owners as owners		17 010	8 791

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

Agency Statement of Financial Position

as at 30 June 2001

Budget 2000-2001 $'000		Notes	Actual 2000-2001 $'000	Actual 1999-2000 $'000

	Assets
	Financial assets
1 232	Cash		3 781	5 232
2 261	Receivables	8A	3 866	1 549
18 376	Investments	8B	33 000	31,500
766	Accrued Revenue		2 980	766
22 635	Total financial assets		43 627	39 047

	Non-financial assets
96 970	Land and buildings	9A,D	100 590	94 968
123 485	Infrastructure, plant and equipment	9B,D	99 701	106 504
3 416	Intangibles	9C,D	4 109	3 418
2 450	Inventories	9E	2 063	2 450
5 131	Other	9F	2 414	6 331
231 452	Total non-financial assets		208 877	213 671

254 087	Total assets		252 504	252 718

	Liabilities
	Interest Bearing Liabilities
1,580	Other	10	2 580	433
1,580	Total debt		2 580	433

	Provisions
	Capital use charge		-	621
24 641	Employees	11	22 787	23 612
24 641	Total provisions		22 787	25 099

	Payables
6 240	Suppliers	12A	11 746	7 478
738	Other	12B	896	1 416
6 978	Total payables		12 642	8 894

33 199	Total liabilities		38 009	34 426

	Equity
176 704	Accumulated results	13	167 983	179 803
34 225	Capital	13	34 225	29 396
9 959	Reserves	13	12 287	9 959
220 888	Total equity	13	214 495	219 158

254 087	Total liabilities and equity		252 504	253 584

	Agency liabilities and assets can be classified as follows:
	Current liabilities		35 683	33 870
	Non-current liabilities		2 326	556
	Total Liabilities		38 009	34 426

30 216	Current assets		48 104	47 828
223 871	Non-current assets		204 400	204 890
254,087	Total Assets		252 504	252 718

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

Statement Of Cashflows

for the period ended 30 June 2001

Budget 2000-2001 $'000		Notes	Actual 2000-2001 $'000	Actual 1999-2000 $'000

	OPERATING ACTIVITIES
	Cash received
190,482	Appropriations for outputs		190 482	185 510
10 761	Sales of goods and services		6 578	8 032
	Interest received		3 880	1,653
4,377	Other		6 530	1,772
205 620	Total cash received		207 470	196 967

	Cash used
66,240	Employees		69 602	62 355
94 054	Suppliers		77 343	74 850
5 389	Other		13 417	6,742
	GST		1 207	-
165 683	Total cash used		161 569	143 947

39 937	Net cash from/(used by) operating activities	14	45 901	53 020

	INVESTING ACTIVITIES
	Cash received
	Proceeds from sales of property, plant and equipment		1 660	2 768
13,124	Other		-	-
13,124	Total cash received		1 660	2 768

	Cash used
33,662	Purchase of property, plant and equipment		24 427	22 666
	Purchase of investments		-	-
33 662	Total cash used		24 427	22 666

( 20 538)	Net cash from/(used by) investing activities		( 22 767)	(19 898)

	FINANCING ACTIVITIES
	Cash received
4 829	Capital injection appropriation		4 829	29 396
4 829	Total cash received		4 829	29 396

	Cash used
28 228	Capital use dividend paid		27 914	26 464
	Repayment of debt		-	-
28 228	Total cash used		27 914	26 464

( 23 399)	Net cash from/(used by) financing activities		( 23 085)	2 932

( 4 000)	Net increase/(decrease) in cash held		49	36 054
5 232	Cash at the beginning of reporting period		36 732	770
	Transitional adjustments		-	( 92)
1 232	Cash at the end of reporting period		36 781	36 732

	Consisting of:
	Cash at Call		3 781	5 232
	Term Deposits		33 000	31 500
			36 732	36 781
	The above statement should be read in conjunction with the accompanying notes.

Schedule of Agency Commitments

as at 30 June 2001


	2000-2001		1999-2000
				$'000		$'000
BY TYPE

CAPITAL COMMITMENTS
	Land and buildings		-		4 669
	Infrastructure, plant and equipment	-		369
	Other capital commitments1	376		-

Total capital commitments		376		5 038

OTHER COMMITMENTS
	Operating leases2		60 858		48 548
	Project commitments3		798		16
	Other commitments4		43 215		46 372

Total other commitments		104 871		94 936

COMMITMENTS RECEIVABLE5		8 429		313

	96 818		99 661


BY MATURITY


All net commitments


	One year or less		32 184		40 457
	From one to two years		14 873		13 589
	From two to five years		24 762		32 399
	Over five years		24 999		13 216

Net commitments		96 818		99 661

Operating Lease Commitments

	One year or less		8 259		7 882
	From one to two years		6 678		7 331
	From two to five years		18 473		20 119
	Over five years		27 448		13 216

Net commitments		60 858		48 548

Notes

1 Other capital commitments were in respect of the upgrading of the Department's existing financial management information system.
2 Operating leases are effectively non-cancellable and comprise leases for office accomodation, agreements for the provision of motor vehicles to senior executive officers and leases of computer equipment.
3 Project commitments include costs related to IT system developments.
4 Other commitments relates to the provision of goods and services to the Department.
5 Commitments receivables include GST recoveries in relation to the commitments payable.

Nature of lease	General description of leasing arrangement

Leases for office accommodation	The Department has entered into 18 operating leases for office accommodation purposes. Most Departmental leases contain a clause permitting market indexation, subject to agreement by both parties. In general the rent reviews take place at least once every two years.
Agreement for the provision of motor vehicles to senior executive officers	DAS Fleet is the provider of vehicles for senior executive officers of the Department. The existing contract spans from 1 September 1997 to 30 August 2002. Leases are for a minimum period of three months and may be extended for up to three months from the originally specified expiry date. There are no existing contingent rental agreements between the Department and DASFleet. There are no renewal or purchase options available on the Agreement.
Lease of Computer Equipment	The Department has entered into an operating lease with Advantra Pty Ltd for the supply of computer equipment, software and other communication support services. The intial contract is for a period of five years plus a further two years at the Group's discretion on the same terms and conditions then in effect. The Department may vary it's operating requirements; smaller items on a daily basis, larger items require up to three months notification.

Schedule of Unquantifiable Agency Commitment

as at 30 June 2001

The following departmental commitment is not disclosed in monetary terms as the contracted cost is expected to vary each year and can only be determined at that point of time.

# The operating lease with Advantra Pty Ltd for IT and other Communication support services is dependent on a number of variables. An estimated fee of $18m is calculated for the remaining period of the contract which will expire on the 14 April 2004.

Schedule of Agency Contingencies

as at 30 June 2001

		Agency
		2001-2000	1999-2000
		$'000	$'000




CONTINGENT LOSSES
	Claims for damages/costs1	1 630	6 160
	Other	-	361

Total Contingent Losses		1 630	6 521



CONTINGENT GAINS
	Claims for damages/costs	-	481

	Net Contingencies	1 630	6 040

Details

1 This amount represents an estimate of the Department's liability based on precedent cases. The Department is defending the claims.

Schedule of Administered Revenues and Expenses

for the period ended 30 June 2001

Budget 2000-2001 $'000		Notes	Actual 2000-2001 $'000	Actual 1999-2000 $'000

	Revenues from ordinary activities
	Taxation
156 376	Levies, fees and fines	22	169 915	147 767
156 376	*Total taxation*		169 915	147 767

	Non-taxation
2 581 294	Revenue from government	23A	2 657 593	2 578 916
12 680	Interest	23C	12 676	13 081
33 089	Dividends	23D	45 850	15 221
	Sales of goods and services	23B	7 238	7 373
29 088	Other	23E	5 437	7 464
2 656 151	*Total non-taxation*		728 794	2 622 055

2 812 527	*Total revenues from ordinary activities*		898 709	2 769 822

	Expenses from ordinary activities
84 099	Subsidies	25A	85 365	147 134
2 608 153	Grants	25B	2 398 074	2 290 455
685	Depreciation and amortisation	24A	723	632
	Net write down of assets	24B	542 860	390
	Net losses from sale of assets	24C	-
80 601	Suppliers	25C	41 959	68 706
8 352	Other	25D	17 737	12,202
2 781 890	*Total expenses from ordinary activities*		3 086 718	2 519 570

(281 035)	Transfers to Official Public Account	32	(283 316)	(204 932)
-	Net credit (debit) to asset revaluation reserve	30	(1 999)	-
(250 398)	Net increase/(decrease) in administered net assets other than those resulting from transactions with owners as owners		(473 324)	45 320

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

Schedule of Administered Assets and Liabilities

for the period ended 30 June 2001

Budget 2000-2001 $'000		Notes	Actual 2000-2001 $'000	Actual 1999-2000 $'000

	Assets
	Financial assets	37
403	Cash		529	24 458
434 039	Receivables	26A	348 808	641 154
1 257 255	Investments	26B	930 624	1 301 155
7 384	Accrued revenues	26C	16 716	7 384
1 699 081	Total financial assets	26D	1 296 677	1 974 151

	Non-financial assets
71 127	Land and Buildings	27A,E	69 794	68 624
	Infrastructure, plant and equipment	27B,E	1
6,623	Intangibles	27C,E	4 958	7 011
58 730	Other	27D	266 505	90 737
136 483	Total non-financial assets		341 258	166 376

1 835 564	Total assets		1 637 935	2 140 527

	Liabilities
	Payables
128 549	Subsidies	28B	129 966	158 146
0	Grants	28A	8 692	21 653
0	Other		18 358	6 844
128 549	Total payables		157 016	186 643

128 549	Total liabilities		157 016	186 643

	Equity
14 098	Capital	30	10 928	10 569
425 855	Accumulated results	30	545 459	676 253
1 267 062	Reserves	30	924 532	1 267 062
1 707 015	Total equity	30	1 480 919	1 953 884
1835 564	Total liabilities and equity		1 637 935	2 140 527

	Liabilities and assets can be classified as follows:
	Current liabilities		57 050	51 448
	Non-current liabilities		99 966	135 195
	Total Liabilities		157 016	186 643

	Current assets		204 863	190 814
	Non-current assets		1 433 072	1 949 713
	Total Assets		1 637 935	2 140 527
			(473 324)	45 320
	The above statement should be read in conjunction with the accompanying notes.

Administered Cash Flows

for the period ended 30 June 2001

Budget 2000-2001 $'000		Notes		Actual 2000-2001 $'000		Actual 1999-2000 $'000

	OPERATING ACTIVITIES
	Cash received
	TAXATION
156 376	Levies, fees and fines			112 956		94 472
156 376	Total taxation			112 956		94 472

	NON-TAXATION
-	Sales of goods and services			7 792		7 780
45 769	Interest			13 131		12 726
-	Dividends			45 850		15 221
2 783 400	Cash from Official Public Account			2 727 597		2 472 021
46 571	Other			4 285		24 780
2 875 740	Total non-taxation			798 655		2 532 528

3 032 116	Total cash received			2 911 611		2 627 000

	Cash used
113 696	Subsidies			113 545		103 608
2 597 799	Grants			2 585 694		2 276 737
-	Suppliers			33 284
236 765	Cash to Official Public Account			184 623		154 292
20 129	Goods and Services Tax paid			1 497		-
95 797	Other			17 737		81 715
3 064 186	Total cash used			936 380		2 616 352

(32 070)	Net cash from/(used by) operating activities	31		(24 769)		10 648

	INVESTING ACTIVITIES
	Cash received
43 900	Equity repayments		40 552		1 950
5 903	Repayment of loans		5 936		4 935
2 200	Proceeds from sales of land, PP&E and intangibles		-		-
52 003	Total cash received		46 488		6 885

	Cash used
2 799	Purchase of property, plant and equipment		685		-
730	Advances made		59		3 461
44,270	Cash to Official Public Account		46,358		-
47 799	Total cash used		47 402		3 461

4 204	Net cash from/(used by) investing activities				( 914)		3 424

	FINANCING ACTIVITIES
	Cash received
3 811	Cash from Official Public Account		59		10 274
-	GST Appropriations		8 503		-
3 811	Total cash received		8 862		10 274

	Cash used
-	Return of GST Appropriations to OPA		7 043		-
-	Total cash used		7 043		-

3 811	Net cash from/(used by) financing activities				1 819		10 274

( 24 055)	Net increase/(decrease) in cash held		(23 864)		24 346
24,458	Cash at the beginning of reporting period		24 458		36
	Write off			65)		-
	Transitional adjustment		-		( 524)
403	Cash at the end of reporting period		529		24 458

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

Schedule of Commitments

as at 30 June 2001

		Administered
		2000-2001	1999-2000
		$'000	$'000
BY TYPE

CAPITAL COMMITMENTS
	Land and buildings	-	3,729
	Infrastructure, plant and equipment	-	-
	Other capital commitments	-	-

Total capital commitments		-	3 729

OTHER COMMITMENTS
	Operating leases	-	-
	Project commitments1	3 556 900	2 865 207
	Other commitments2	165	32 975

Total other commitments		3 557 065	2 898 182

COMMITMENTS RECEIVABLE		2,462	-

Net commitments		3 554 603	2 901 911

BY MATURITY

All net commitments

	One year or less	1 138 830	724 524
	From one to two years	756 594	776 832
	From two to five years	1 652 929	1 400 555
	Over five years	6,250	-

Net commitments		3 554 603	2 901 911