Document
Index
Portfolio Budget Statements
Australian Bureau of Statistics
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Document
Index |
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The budget financial statements will form the basis of the financial statements that will appear in the Australian Bureau of Statistics' 1999-2000 Annual Report, and also form the basis for the input into the Whole of Government Accounts.
This statement provides a picture of the expected financial results for the ABS by identifying full accrual expenses and revenues, which highlights whether the ABS is operating at a sustainable level.
This statement shows the financial position of the ABS. It enables decision makers to track the management of the ABS's assets and liabilities.
This statement identifies expected cash flows from operating activities, investing activities and financing activities.
This statement shows all proposed capital expenditure funded either through the Budget as appropriations or from internal sources.
This statement shows the movement in the ABS's non-financial assets over the Budget
year 1999-2000.
Table 3.1: Budget Statement of Revenue and Expenses
| Estimated Actual |
Estimated | ||||
| 1998-99 $'000 |
1999-00 $'000 |
2000-01 $'000 |
2001-02 $'000 |
2002-03 $'000 |
|
| Agency Revenue and Expenses | |||||
| Revenues | |||||
| Revenue from government | |||||
| Ordinary annual appropriations (net appropriations) | 214,951 | 243,716 | 268,934 | 354,238 | 251,876 |
| Resources received free of charge | 75 | 75 | 75 | 75 | 75 |
| Revenue from other sources | |||||
| Sales of goods and services | 27,897 | 26,444 | 26,238 | 25,595 | 36,862 |
| Other revenue from other sources | 325 | 599 | 429 | 188 | 98 |
| Total Revenue | 243,248 | 270,834 | 295,676 | 380,096 | 288,911 |
| Expenses | |||||
| Employees | 163,285 | 164,787 | 165,366 | 253,065 | 169,769 |
| Depreciation and amortisation | 30,613 | 29,932 | 32,800 | 31,677 | 33,343 |
| Other costs of providing goods and services | 57,460 | 72,425 | 93,901 | 91,831 | 82,368 |
| Other | 608 | 535 | 454 | 368 | 276 |
| Total Expenses | 251,966 | 267,679 | 292,521 | 376,941 | 285,756 |
| Operating Result Before Capital User Charge | (8,718) | 3,155 | 3,155 | 3,155 | 3,155 |
| Capital User Charge | - | 3,155 | 3,155 | 3,155 | 3,155 |
| Transfers and Dividends | - | - | - | - | - |
| Accumulated Results at Year End | (8,718) | - | - | - | - |
| Net contribution to government | - | - | - | - | - |
Note: The ABS does not have any Administered items.
Table 3.2: Budget Statement of Assets and Liabilities
| Estimated Actual |
Estimated | ||||
| 1998-99 $'000 |
1999-00 $'000 |
2000-01 $'000 |
2001-02 $'000 |
2002-03 $'000 |
|
| Agency Assets and Liabilities | |||||
| Debt | |||||
| Leases | 11,696 | 9,756 | 7,735 | 5,628 | 3,430 |
| Total Debt | 11,696 | 9,756 | 7,735 | 5,628 | 3,430 |
| Provisions and Payables | |||||
| Employees | 54,965 | 59,227 | 61,536 | 66,606 | 67,040 |
| Suppliers | 794 | 1,152 | 1,017 | 4,580 | 1,258 |
| Other | 3,491 | 3,154 | 3,119 | 4,202 | 4,198 |
| Total Provisions and Payables | 59,250 | 63,533 | 65,672 | 75,388 | 72,496 |
| Equity | |||||
| Accumulated results | 7,021 | 7,021 | 7,021 | 7,021 | 7,021 |
| Reserves | 19,273 | 19,273 | 19,273 | 19,273 | 19,273 |
| Total Equity | 26,294 | 26,294 | 26,294 | 26,294 | 26,294 |
| Total Liabilities and Equity | 97,240 | 99,583 | 99,701 | 107,310 | 102,220 |
| Financial Assets | |||||
| Cash | - | 11,795 | 16,019 | 6,961 | 11,196 |
| Receivables | 4,209 | 109 | 1,917 | 1,937 | 3,004 |
| Total Financial Assets | 4,209 | 11,904 | 17,936 | 8,898 | 14,200 |
| Non-financial Assets | |||||
| Infrastructure, plant and equipment | 32,890 | 30,999 | 32,962 | 55,710 | 48,553 |
| Intangibles | 50,483 | 45,518 | 39,365 | 33,849 | 27,493 |
| Other | 9,658 | 11,162 | 9,438 | 8,853 | 11,974 |
| Total Non-financial Assets | 93,031 | 87,679 | 8,,765 | 98,412 | 88,020 |
| Total Assets | 97,240 | 99,583 | 99,701 | 107,310 | 102,220 |
Note: The ABS does not have any Administered items.
Table 3.3: Budget Cash Flow Statement
| Estimated Actual | Estimated | ||||
| 1998-99 $'000 |
1999-00 $'000 |
2000-01 $'000 |
2001-02 $'000 |
2002-03 $'000 |
|
| Agency Cash Flows | |||||
| Operating Activities | |||||
| Cash Received | |||||
| Appropriations | 223,095 | 243,716 | 268,934 | 354,237 | 251,876 |
| Sales of goods and services | 28,689 | 26,319 | 26,226 | 26,673 | 35,733 |
| Total Cash Received | 251,784 | 270,035 | 295,160 | 380,910 | 287,609 |
| Cash Used | |||||
| Employees | 177,229 | 173,773 | 177,588 | 260,402 | 191,453 |
| Suppliers | 73,417 | 83,858 | 110,621 | 99,599 | 88,864 |
| Other | (30,847) | (25,160) | (33,906) | (24,016) | (22,030) |
| Total Cash Used | 219,799 | 232,471 | 254,303 | 335,958 | 258,287 |
| Net Cash from Operating Activities | 31,985 | 37,564 | 40,857 | 44,925 | 29,322 |
| Investing Activities | |||||
| Cash Received | |||||
| Proceeds from sale of property, plant and equipment | 325 | 599 | 429 | 188 | 98 |
| Other | (1,947) | 1,947 | - | - | - |
| Total Cash Received | (1,622) | 2,546 | 429 | 188 | 98 |
| Cash Used | |||||
| Purchase of property, plant and equipment | 29,024 | 23,220 | 31,885 | 48,909 | 19,832 |
| Total Cash Used | 29,024 | 23,220 | 31,885 | 48,909 | 19,832 |
| Net Cash from Investing Activities | (30,646) | (20,674) | (31,456) | (48,721) | (19,734) |
| Financing Activities | |||||
| Cash Received | |||||
| Total Cash Received | - | - | - | - | - |
| Cash Used | |||||
| Capital user charge paid | - | 3,155 | 3,155 | 3,155 | 3,155 |
| Repayment of borrowings | 1,823 | 1,941 | 2,021 | 2,107 | 2,198 |
| Total Cash Used | 1,823 | 5,095 | 5,176 | 5,262 | 5,353 |
| Net Cash from Financing Activities | (1,823) | (5,095) | (5,176) | (5,262) | (5,353) |
| Net increase/decrease in cash held | (484) | 11,795 | 4,225 | (9,058) | 4,235 |
| Add cash as at 1 July | 484 | 1,947 | 11,795 | 16,019 | 6,961 |
| Cash as at 30 June | - | 11,795 | 16,019 | 6,961 | 11,196 |
Note: The ABS does not have any Administered items.
The ABS will not receive a Capital Appropriation, but will internally fund the purchase
of non-current assets, including finance leases from its Agency resources.
Table 3.4: Capital Budget
| Estimated | ||||
| Purchase of Non-current Assets | 1999-00 $'000 |
2000-01 $'000 |
2001-02 $'000 |
2002-03 $'000 |
| Funded by capital appropriations | - | - | - | - |
| Funded internally by Agency resources | 23,220 | 31,885 | 48,909 | 19,832 |
| Total | 23,220 | 31,885 | 48,909 | 19,832 |
Table 3.5: Non-financial Assets -- Summary of Movement
Budget Year 1999-2000
| Land $'000 |
Buildings $'000 |
Total Land and Buildings $'000 |
Other Infrastructure, Plant
and Equipment $'000 |
Total Infrastructure, Plant
and Equipment $'000 |
Intangibles $'000 |
Total $'000 |
|
| Gross Value | |||||||
| As at 1 July 1999 (opening) | - | - | - | 94,019 | 94,019 | 100,925 | 194,944 |
| Additions(a) | - | - | - | 7,131 | 7,131 | 16,089 | 23,220 |
| Disposals | - | - | - | -12,272 | -12,272 | - | -12,272 |
| Other movements | - | - | - | - | - | - | - |
| As at 30 June 2000 | - | - | - | 88,878 | 88,878 | 117,014 | 205,892 |
| Accumulated Depreciation | |||||||
| As at 1 July 1999 (opening) | - | - | - | 61,129 | 61,129 | 50,442 | 111,571 |
| Disposals | - | - | - | -12,128 | -12,128 | - | -12,128 |
| Charge for the reporting period | - | - | - | 8,878 | 8,878 | 21,054 | 29,932 |
| Other movements | - | - | - | - | - | - | - |
| As at 30 June 2000 | - | - | - | 57,879 | 57,879 | 71,496 | 129,375 |
| Net Book Value as at 30 June 2000 (Closing Book Value) | - | - | - | 30,999 |
30,999 |
45,518 |
76,517 |
| Net Book Value as at 1 July 1999 (Opening Book Value) | - | - | - | 32,890 |
32,890 |
50,483 |
83,373 |
Total Additions
The agency budget statements are prepared in compliance with Australian Accounting
Standards, Accounting Guidance Releases and having regard to Statements of Accounting
Concepts.
The agency budget statements have been prepared on an accrual basis and are in accordance
with historical cost convention, except for certain assets which, as noted, are at
valuation. Except where stated, no allowance is made for the effect of changing prices on
the results or the financial position.
The increase in appropriation in 2001-2002 is due to additional costs associated with conducting the census.
Other revenues from other sources include proceeds from the sale of assets and resources received free of charge.
The liability for employee entitlements includes provision for annual leave and long
service leave. No provision has been made for sick leave as all sick leave is non-vesting.
Employee entitlements were based on leave patterns of ABS employees. Accrued salaries and
employer superannuation contributions were based on daily salary expense and the number of
days owing at 30 June in each budget year.
Depreciable assets are written off over their estimated useful lives. Depreciation is calculated using the straight line method which is consistent with the consumption of the service potential of the depreciable assets of the ABS. The sum of both, assets recognised for the first time in 1998-99 and asset revaluations, amounted to $19.273 million. This had a significant impact on depreciation and amortisation charges.
Other costs of providing goods and services is essentially Suppliers' expenses.
This category includes finance charges for finance leases and credit card fees.
Where a non-current asset is acquired by means of a finance lease, the asset is capitalised at the present value of minimum lease payments at the inception of the lease and a liability recognised for the same amount. Leased assets are amortised over the period of the lease. Lease payments are allocated between the principal component and the interest expense.
This category includes unearned revenue.
The decrease in cash in 2001-2002 is a result of purchasing fitout for the new central office building.
Software developed in-house is capitalised where the direct development costs amount to
$50,000 or more. This threshold applies to costs incurred in developing software
commencing 1 July 1995.
The reduction in recognition threshold for software developed in-house (previously
$500,000) has resulted in software assets to the value of $14.1 million being first
recognised in 1998-99, which were previously expensed.
Other non-financial assets comprise prepayments, inventory and deferred acquisition costs.
In the cash budget environment, administration dollars were used for the purchase of assets and the repayment of financing activities. Under the accrual budgeting framework, adjustments had to be made to accurately reflect these transactions. The negative adjustment figure ($25,160) has the effect of reducing the total cash used under operating activities, thereby accurately showing actual monies used under this category. The adjustment amount has subsequently been reflected under investing and financing categories.
This amount relates to the 1998-99 carryover.
ABS capital expenditure programmes in the budget and forward years are funded internally. These include: 1999-2000 the purchase of intangibles of $16 million, plant and equipment (P&E) of $7 million; 2000-01 intangibles of $16 million, P&E of $16 million; 2001-02 intangibles of $14 million, P&E of $8 million, Central Office fitout of $27 million; 2002-03 intangibles of $13 million, P&E of $7 million.
