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Portfolio Budget Statements
National Competition Council

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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 National Competition Council's 1999-2000 Annual Report, and form the basis for the input into the Whole of Government Accounts.

Budget Statement of Revenue and Expenses (Budget Operating Statement)

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

Budget Statement of Assets and Liabilities (Budget Balance Sheet)

This statement shows the financial position of NCC. It enables decision-makers to track the management of NCC'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 NCC'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) 2,875 3,071 3,092 2,971 3,028
Other services - 11 11 11 11
Revenue from other sources          
Sales of goods and services 121 30 30 31 32
Total Revenue 2,996 3,112 3,133 3,013 3,071
Expenses          
Employees 1,620 1,892 1,899 1,778 1,823
Depreciation and amortisation 112 112 112 112 112
Other costs of providing goods and services 1,253 1,097 1,111 1,112 1,125
Other 11 11 11 11 11
Total Expenses 2,996 3,112 3,133 3,013 3,071
Operating Result before Capital User Charge - - - - -
Capital User Charge 11 11 11 11 11
Transfers and Dividends - - - - -
Accumulated Results at Year End 92 91 91 91 91
Net contribution to government - - - - -

Note: The NCC 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          
Total Debt - - - - -
Provisions and Payables          
Employees 394 426 458 488 519
Suppliers 45 42 43 43 43
Other 14 14 14 14 14
Total Provisions and Payables 453 482 515 455 576
Equity          
Accumulated results 91 91 91 91 91
Total Equity 91 91 91 91 91
Total Liabilities and Equity 544 573 606 546 667
Financial Assets          
Cash 189 233 281 326 373
Receivables 2 2 3 3 3
Other 23 23 23 23 23
Total Financial Assets 214 258 307 352 399
Non-financial Assets          
Land and buildings 195 195 195 195 195
Infrastructure, plant and equipment 128 113 98 83 68
Intangibles 6 6 6 6 6
Total Non-financial Assets 329 314 299 284 269
Total Assets 543 572 606 636 668

Note: The NCC 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 2,875 3,071 3,092 2,971 3,078
Sales of goods and services 176 29 30 30 30
Total Cash Received 3,051 3,100 3,122 3,002 3,008
Cash Used          
Employees 1,592 1,860 1,867 1,748 1,792
Suppliers 1,174 1,099 1,110 1,112 1,125
Total Cash Used 2,766 2,959 2,977 2,860 2,917
Net Cash from Operating Activities 285 141 145 142 91
Investing Activities          
Cash Received          
Proceeds from sale of property, plant and equipment
97
97
97
97
97
Total Cash Received 97 97 97 97 97
Cash Used          
Total Cash Used - - - - -
Net Cash from Investing Activities - - - - -
Financing Activities          
Cash Received          
Total Cash Received - - - - -
Cash Used          
Total Cash Used - - - - -
Net Cash from Financing Activities - - - - -
Net increase/decrease in cash held 188 44 48 45 (6)
Add cash as at 1 July 500 189 233 281 326
Cash as at 30 June 189 233 281 326 372

Note: The NCC does not have any Administered items.

CAPITAL BUDGET

The NCC does not have a capital budget (and Table 3.4 is accordingly not included).

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) - 195 195 113 113 6 314
Additions - - - - - - -
Disposals - - - - - - -
Other movements - - -   - - -
As at 30 June 2000 - - - - - - -
Accumulated Depreciation






As at 1 July 1999 (opening) - - - - - - -
Disposals - - - - - - -
Charge for the reporting period - - - - - - -
Other movements - - - 15 15 - 15
As at 30 June 2000 - - - - - - -
Net Book Value as at 30 June 2000 (Closing Book Value)
-
195
195
98
98
6
299
Net Book Value as at 1 July 1999 (Opening Book Value)
-
195
195
113
113
6
314

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 - - - - - - -
Appropriations - - - - - - -
Total - - - - - - -

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