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Section 3: Budgeted financial statements
Budget statement of revenues and expenses
This statement provides a picture of the expected financial results for the ABS by identifying full accrual expenses and revenues, which highlight whether the ABS is operating at a sustainable level.
Budget statement of assets and liabilities
This statement shows the financial position of the ABS. It enables decision-makers to track the management of the ABS's assets and liabilities.
Budget cash flow statement
This statement identifies expected cash flows from operating activities, investing activities and financing activities.
Capital budget statement
This statement shows all proposed capital expenditure funded either through the Budget as appropriations or from internal sources.
Table 3.4: Capital budget statement
Notes to the financial statements
Basis of accounting
The agency budget statements are prepared in compliance with Australian Accounting Standards, Accounting Guidance Releases and having regard to Statements of Accounting Concepts.
As part of the Mid-Year Economic Fiscal Outlook (MYEFO) and Additional Estimates process, the Australian Bureau of Statistics (ABS) undertook a comprehensive review of its budget estimates with the aim of refining these estimates.
Changes to Appropriation Estimates since the 2000-01 Portfolio Budget Statements (PBS) relate to adjustments for the revised parameters and the interest revenue earned from devolved banking arrangements.
Revisions to component items are based upon the 1999-2000 audited financial statements and revised budget data used in developing the accrual budgets.
Appendix 1
