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Portfolio Budget Statements
Companies and Securities Advisory Committee

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Section 3: Budget Financial Statements

The budget financial statements will form the basis of the financial statements that will appear in the Company and Securities Advisory Committee's 1999-2000 Annual Report, and form the basis for the input into the Whole of Government Accounts.

Budget Statement of Revenues and Expenses (Budget Operating Statement)

This statement provides a picture of the expected financial results for CASAC by identifying full accrual expenses and revenues, which highlights whether CASAC is operating at a sustainable level.

Budget Statement of Assets and Liabilities (Budget Balance Sheet)

This statement shows the financial position of CASAC. It enables decision-makers to track the management of CASAC's assets and liabilities.

Budget Cash Flow Statement

This statement identifies expected cash flows from operating activities, investing activities and financing activities.

Capital Budget

This statement shows all proposed capital expenditure funded through the Budget as appropriations or from internal sources.

Non-financial Assets -- Summary of Movement

This statement shows the movement in CASAC'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          
Revenue          
Revenue from government          
     Ordinary annual appropriations (net appropriations) 816 818 880 875 919
Revenue from other sources          
     Other revenue from other sources 30 28 26 25 25
Total Revenue 846 846 906 900 944
Expenses          
Employees 366 387 416 373 381
Depreciation and amortisation 74 92 112 131 158
Other costs of providing goods and services 406 331 341 360 369
Total Expenses 846 810 869 864 908
Operating Result before Capital User Charge - 36 36 36 36
Capital User Charge - 36 36 36 36
Transfers and Dividends - - - - -
Accumulated Results at Year End - - - - -

Note: CASAC 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 72 52 32 12 -
Total Debt 72 52 32 12 -
Provisions and Payables          
Employees 105 104 108 116 125
Suppliers 43 30 46 26 28
Total Provisions and Payables 148 134 154 142 153
Equity          
Accumulated results 301 301 301 301 301
Total Equity 301 301 301 301 301
     Total Liabilities and Equity 521 487 487 455 454
Financial Assets          
Cash 164 85 99 69 96
Receivables 10 10 11 11 11
Total Financial Assets 174 95 110 80 107
Non-financial Assets          
Land and buildings 7 5 3 1 -
Infrastructure, plant and equipment 320 359 346 346 318
Other 20 28 28 28 29
Total Non-financial Assets 347 392 377 375 347
Total Assets 521 487 487 455 454

Note: CASAC 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 816 818 880 875 919
Other 30 28 25 25 25
Total Cash Received 846 846 905 900 944
Cash Used          
Employees -363 -388 -411 -364 -373
Suppliers -397 -408 -382 -437 -414
Total Cash Used -760 -796 -793 -801 -787
Net Cash from Operating Activities 86 50 112 99 157
Investing Activities          
Cash Received          
Proceeds from sale of property, plant and equipment 1 1 1 1 1
Total Cash Received 1 1 1 1 1
Cash Used          
Purchase of property, plant and equipment -130 -130 -98 -130 -130
Total Cash Used -130 -130 -98 -130 -130
Net Cash from Investing Activities -129 -129 -97 -129 -129
Financing Activities          
Cash Received          
Total Cash Received - - - - -
Cash Used          
Total Cash Used - - - - -
Net Cash from Financing Activities - - - - -
Net increase/decrease in cash held -43 -79 15 -30 28
Add cash as at 1 July 207 164 85 100 70
Cash as at 30 June 164 85 100 70 98

Note: CASAC does not have any Administered items.

CAPITAL BUDGET

CASAC 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 by internally by Agency resources 131 99 131 131
Total 131 99 131 131


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) - 18 18 630 630 - 648
Additions - - - 131 131 - 131
Disposals - - - -6 -6 - -6
Other movements - - - - - - -
As at 30 June 2000 - 18 18 755 755 - 773
Accumulated Depreciation






As at 1 July 1999 (opening) - 11 11 310 310 - 321
Disposals - - - -4 -4 - -4
Charge for the reporting period - 2 2 90 90 - 92
Other movements - - - - - - -
As at 30 June 2000 - 13 13 396 396 - 409
Net Book Value as at 30 June 2000 (Closing Book Value)
-
5
5
359
359
-
364
Net Book Value as at 1 July 1999 (Opening Book Value)
-
7
7
319
319
-
326

Total Additions


 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
Self funded - - - 131 - - 131
Appropriations              
Total - - - 131 - - 131

NOTES TO THE FINANCIAL STATEMENTS

Budget Statement of Revenue and Expenses

Expenses
Employee Expenses

These expenses are higher in 2000-01 primarily because of the proposed recruitment of a consultant on a temporary basis.

Depreciation and Amortisation Expenses

There is an increase over the reporting period due mainly to the acquisition of library books.

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