Infrastructure and Project Financing Agency

Section 3: Explanatory tables and budgeted financial statements

3.1: Explanatory tables

Estimates of special account flows and balances

IPFA does not maintain Special Accounts.

3.2: Budgeted financial statements

3.2.1: Analysis of budgeted financial statements

An analysis of IPFA's financial position, as reflected in the budgeted departmental financial statements for 2018–19, is provided below.


Budgeted departmental income statement

IPFA is budgeting for a break-even operating result, adjusted for depreciation expenses, over the budget and forward estimates period. The 2017–18 surplus, and the corresponding 2018–19 deficit, represent a reprofiling of expenses between the two years as IPFA establishes itself and implements its first two years' work program.

Budgeted departmental balance sheet

IPFA received a small capital appropriation in 2017–18 to enable it to purchase office equipment as part of its establishment.

IPFA's primary liability is accrued employee entitlements.

3.2.2: Budgeted financial statements tables

Table 3.2:  Comprehensive income statement (showing net cost of services) (for the period ended 30 June)

Table 3.3:  Budgeted departmental balance sheet (as at 30 June)

Table 3.4:  Departmental statement of changes in equity—summary of movement (Budget year 2018–19)

Table 3.5:  Budgeted departmental statement of cash flows (for the period ended 30 June)

Table 3.6:  Departmental capital budget statement (for the period ended 30 June)

Table 3.7:  Statement of asset movements (Budget year 2018–19)

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