563
ESTIMATES 1998-99
MINISTER FOR THE OLYMPICS
58 OLYMPIC CO-ORDINATION AUTHORITY
_______1997-98_______
Budget
$000
Revised
$000
1998-99
Budget
$000
Expenses Operating expenses Employee related
Other operating expenses
Maintenance
Depreciation and amortisation
Grants and subsidies
12,743
10,002
5,356
5,038
12,745
11,171
18,796
3,994
4,732
12,751
11,830
22,709
7,286
8,918
10,753
Total Expenses
45,884
51,444
61,496
Less:
Retained Revenue Sales of goods and services
Investment income
Grants and contributions
Other revenue
5,703
22,425
...
220,504
4,006
17,393
1,283
219,854
10,920
8,787
...
1,334
Total Retained Revenue
248,632
242,536
21,041
...
5
...
(202,748)
(191,097)
40,455
OPERATING STATEMENT
Gain/(loss) on sale of non current assets
NET COST OF SERVICES
564
ESTIMATES 1998-99
MINISTER FOR THE OLYMPICS
58 OLYMPIC CO-ORDINATION AUTHORITY
_______1997-98_______
Revised
$000
1998-99
Budget
$000
10,655
12,751
135,659
11,051
10,753
35,433
Total Payments
159,065
57,237
Receipts
Sale of goods and services
Other
4,084
240,239
10,920
12,075
Total Receipts
244,323
22,995
85,258
(34,242)
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sale of property,
plant and equipment
Proceeds from sale of investments
Purchases of property, plant and equipment
Purchases of investments
5
144,581
(620,997)
...
...
...
(485,145)
(636)
NET CASH FLOWS FROM INVESTING ACTIVITIES
(476,411)
(485,781)
CASH FLOWS FROM GOVERNMENT
Recurrent appropriation
33,145
Capital appropriation
361,538
Cash reimbursements from the Consolidated Fund Entity
33,145
361,538
256
40,512
417,803
272
NET CASH FLOWS FROM GOVERNMENT
394,939
458,587
3,786
(61,436)
168,765
172,551
172,551
111,115
Budget
$000
CASH FLOW STATEMENT
CASH FLOWS FROM OPERATING ACTIVITIES
Payments
Employee Related
Grants and subsidies
Other
NET CASH FLOWS FROM OPERATING ACTIVITIES
NET INCREASE/(DECREASE) IN CASH
Opening cash and cash equivalents
CLOSING CASH AND CASH EQUIVALENTS
565
ESTIMATES 1998-99
MINISTER FOR THE OLYMPICS
58 OLYMPIC CO-ORDINATION AUTHORITY
_______1997-98_______
Revised
$000
1998-99
Budget
$000
CASH FLOW RECONCILIATION
Net cost of services
Non cash items added back
Change in operating assets and liabilities
191,097
5,460
(111,299)
(40,455)
9,697
(3,484)
Net cash flow from operating activities
85,258
(34,242)
Budget
$000
CASH FLOW STATEMENT (cont)
566
ESTIMATES 1998-99
MINISTER FOR THE OLYMPICS
58 OLYMPIC CO-ORDINATION AUTHORITY
_______1997-98_______
Revised
$000
1998-99
Budget
$000
172,551
13,272
5,325
111,115
13,908
3,371
191,148
128,394
Non Current Assets Property, plant and equipment Cost/valuation
Accumulated depreciation
1,515,438
(15,601)
2,000,583
(24,519)
Total Non Current Assets
1,499,837
1,976,064
Total Assets
1,690,985
2,104,458
LIABILITIES Current Liabilities Accounts payable
Employee entitlements
8,822
1,010
8,822
1,010
Total Current Liabilities
9,832
9,832
Non Current Liabilities Other
62,190
56,752
Total Non Current Liabilities
62,190
56,752
Total Liabilities
72,022
66,584
NET ASSETS
1,618,963
2,037,874
EQUITY
Reserves
Accumulated funds
117,497
1,501,466
117,497
1,920,377
TOTAL EQUITY
1,618,963
2,037,874
Budget
$000
STATEMENT OF FINANCIAL POSITION
ASSETS Current Assets Cash
Investments
Receivables
Total Current Assets
567
ESTIMATES 1998-99
MINISTER FOR THE OLYMPICS
58 OLYMPIC CO-ORDINATION AUTHORITY
58.1 Sydney Olympics 2000
58.1.1 Infrastructure Development of Homebush Bay and Related Sites
Program Objective(s):
To implement strategies for the redevelopment of Homebush Bay and
other Olympic and Paralympic venues.
Program Description:
Planning, redevelopment and management of Homebush Bay and
related areas (including the relocation of the Royal Agricultural
Society), Australia Centre Business Park and the development of
infrastructure.
Average Staffing (EFT)
1997-98
1998-99
46
11
48
15
6
7
...
13
70
76
Activities:
Environment, planning and estate
management
Infrastructure development
Royal Agricultural Society relocation
management
Construction services
_______1997-98_______
Budget
Revised
$000
$000
1998-99
Budget
$000
OPERATING STATEMENT
Expenses Operating expenses Employee related
Other operating expenses
Maintenance
Depreciation and amortisation
Grants and subsidies
Green Games Watch 2000
Total Expenses
6,551
4,053
5,300
5,038
4,568
3,486
3,498
394
4,968
10,206
6,740
2,752
80
86
88
21,022
12,032
24,754
568
ESTIMATES 1998-99
MINISTER FOR THE OLYMPICS
58 OLYMPIC CO-ORDINATION AUTHORITY
58.1 Sydney Olympics 2000
58.1.1 Infrastructure Development of Homebush Bay and Related Sites
(cont)
OPERATING STATEMENT (cont)
Less:
Retained Revenue Sales of goods and services
Rents and leases
Carparking
Other revenue
4,967
480
220,504
3,389
480
219,182
9,809
1,000
303
Total Retained Revenue
225,951
223,051
11,112
...
5
...
(204,929)
(211,024)
13,642
412,992
350,926
182,837
Gain/(loss) on sale of non current assets
NET COST OF SERVICES
ASSET ACQUISITIONS
569
ESTIMATES 1998-99
MINISTER FOR THE OLYMPICS
58 OLYMPIC CO-ORDINATION AUTHORITY
58.1 Sydney Olympics 2000
58.1.2 Delivery of Olympic and Paralympic Facilities and Venues
Program Objective(s):
To deliver community based sporting and recreation facilities which
are suitable for the staging of the 2000 Olympic and Paralympic
Games.
Program Description:
The staged construction of sporting and recreation facilities and
venues complementary to the continuation of the major urban renewal
program at Homebush Bay, and programs at Penrith Lakes, Horsley
Park, Cecil Park, Ryde, Bankstown and Blacktown. Administration of
Commonwealth and State grants for Olympic and Paralympic
projects.
Average Staffing (EFT)
1997-98
1998-99
8
2
22
6
8
2
25
6
38
41
Activities:
Stadium project management
Villages project management
Events and venue management
Construction services
_______1997-98_______
Budget
$000
Revised
$000
1998-99
Budget
$000
Expenses Operating expenses Employee related
Other operating expenses
Maintenance
Depreciation and amortisation
2,527
467
2
...
1,342
7,353
450
4,079
1,436
3,680
515
5,888
Total Expenses
2,996
13,224
11,519
OPERATING STATEMENT
570
ESTIMATES 1998-99
MINISTER FOR THE OLYMPICS
58 OLYMPIC CO-ORDINATION AUTHORITY
58.1 Sydney Olympics 2000
58.1.2 Delivery of Olympic and Paralympic Facilities and Venues (cont)
OPERATING STATEMENT (cont)
Less:
Retained Revenue Sales of goods and services
Rents and leases
Carparking
Investment income
Grants and contributions
Other revenue
...
...
22,425
...
...
41
33
17,393
1,283
477
67
44
8,787
...
818
Total Retained Revenue
22,425
19,227
9,716
NET COST OF SERVICES
(19,429)
(6,003)
1,803
ASSET ACQUISITIONS
214,978
269,626
302,208
571
ESTIMATES 1998-99
MINISTER FOR THE OLYMPICS
58 OLYMPIC CO-ORDINATION AUTHORITY
58.1 Sydney Olympics 2000
58.1.3 Co-ordination of Olympic and Paralympic Activities
Program Objective(s):
To co-ordinate and monitor the Government's involvement in the
Sydney Olympic and Paralympic 2000 projects.
Program Description:
Co-ordinating, monitoring and reporting on all works associated with
the preparation for the hosting of the Olympic and Paralympic Games
including the redevelopment of the Homebush Bay area.
Maintenance of liaison with the Sydney Organising Committee for the
Olympic Games, the Sydney Paralympic Organising Committee and
Government agencies.
Average Staffing (EFT)
1997-98
1998-99
52
10
56
10
62
66
Activities:
Community and government relations
Finance and information technology
_______1997-98_______
Budget
Revised
$000
$000
1998-99
Budget
$000
OPERATING STATEMENT
Expenses Operating expenses Employee related
Other operating expenses
Maintenance
Depreciation and amortisation
Grants and subsidies
Paralympics - grant for operations
Total Expenses
3,665
5,482
54
...
5,261
7,957
46
259
5,426
8,823
31
278
4,000
4,000
6,000
13,201
17,523
20,558
572
ESTIMATES 1998-99
MINISTER FOR THE OLYMPICS
58 OLYMPIC CO-ORDINATION AUTHORITY
58.1 Sydney Olympics 2000
58.1.3 Co-ordination of Olympic and Paralympic Activities (cont)
OPERATING STATEMENT (cont)
Less:
Retained Revenue Sales of goods and services
Rents and leases
Other revenue
256
...
63
195
...
213
Total Retained Revenue
256
258
213
12,945
17,265
20,345
100
355
100
NET COST OF SERVICES
ASSET ACQUISITIONS
573
ESTIMATES 1998-99
MINISTER FOR THE OLYMPICS
58 OLYMPIC CO-ORDINATION AUTHORITY
58.2 Subsidy to the Darling Harbour Authority
58.2.1 Subsidy to the Darling Harbour Authority
Program Objective(s):
To develop and operate facilities at Darling Harbour.
Program Description:
Payment to the Darling Harbour Authority towards the development,
operation and maintenance of convention, exhibition and recreation
facilities.
_______1997-98_______
Budget
Revised
$000
$000
1998-99
Budget
$000
OPERATING STATEMENT
Expenses Grants and subsidies
Community use facilities
8,665
8,665
4,665
Total Expenses
8,665
8,665
4,665
NET COST OF SERVICES
8,665
8,665
4,665
574
ESTIMATES 1998-99
MINISTER FOR THE OLYMPICS
59 OLYMPIC ROADS AND TRANSPORT AUTHORITY
_______1997-98_______
Budget
$000
Revised
$000
1998-99
Budget
$000
Expenses Operating expenses Employee related
Other operating expenses
Maintenance
Depreciation and amortisation
...
...
...
...
4,511
5,106
49
48
9,461
5,368
321
54
Total Expenses
...
9,714
15,204
Less:
Retained Revenue Grants and contributions
Other revenue
...
...
1,430
470
3,188
...
Total Retained Revenue
...
1,900
3,188
NET COST OF SERVICES
...
7,814
12,016
OPERATING STATEMENT
575
ESTIMATES 1998-99
MINISTER FOR THE OLYMPICS
59 OLYMPIC ROADS AND TRANSPORT AUTHORITY
_______1997-98_______
Revised
$000
1998-99
Budget
$000
3,462
5,155
8,700
5,689
Total Payments
8,617
14,389
Receipts
Other
1,900
3,188
Total Receipts
1,900
3,188
(6,717)
(11,201)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment
(84)
(80)
NET CASH FLOWS FROM INVESTING ACTIVITIES
(84)
(80)
6,865
84
11,437
80
6,949
11,517
148
236
...
148
148
384
CASH FLOW RECONCILIATION
Net cost of services
Non cash items added back
Change in operating assets and liabilities
(7,814)
950
147
(12,016)
815
...
Net cash flow from operating activities
(6,717)
(11,201)
Budget
$000
CASH FLOW STATEMENT
CASH FLOWS FROM OPERATING ACTIVITIES
Payments
Employee Related
Other
NET CASH FLOWS FROM OPERATING ACTIVITIES
CASH FLOWS FROM GOVERNMENT
Recurrent appropriation
Capital appropriation
NET CASH FLOWS FROM GOVERNMENT
NET INCREASE/(DECREASE) IN CASH
Opening cash and cash equivalents
CLOSING CASH AND CASH EQUIVALENTS
…
…
576
ESTIMATES 1998-99
MINISTER FOR THE OLYMPICS
59 OLYMPIC ROADS AND TRANSPORT AUTHORITY
_______1997-98_______
Revised
$000
1998-99
Budget
$000
148
384
Total Current Assets
148
384
Non Current Assets Property, plant and equipment Cost/valuation
Accumulated depreciation
186
(48)
266
(102)
Total Non Current Assets
138
164
Total Assets
286
548
147
147
Total Non Current Liabilities
147
147
Total Liabilities
147
147
NET ASSETS
139
401
EQUITY
Accumulated funds
139
401
TOTAL EQUITY
139
401
Budget
$000
STATEMENT OF FINANCIAL POSITION
ASSETS Current Assets Cash
LIABILITIES Non Current Liabilities Employee entitlements
577
ESTIMATES 1998-99
MINISTER FOR THE OLYMPICS
59 OLYMPIC ROADS AND TRANSPORT AUTHORITY
59.1 Road and Transport Planning
59.1.1 Royal Easter Show - Transport Support and Services
Program Objective(s):
To plan and provide integrated transport services for the Royal Easter
Show.
Program Description:
Plan and provide operational support and delivery of integrated
transport services for the 1998, 1999 and 2000 Royal Easter Shows
at Homebush Bay.
Average Staffing (EFT)
1997-98
1998-99
7
10
Activities:
Organisation of Royal Easter Show
transport services
_______1997-98_______
Budget
Revised
$000
$000
1998-99
Budget
$000
OPERATING STATEMENT
Expenses Operating expenses Employee related
Other operating expenses
Maintenance
Depreciation and amortisation
...
...
...
...
1,191
4,590
9
12
1,239
1,978
47
14
Total Expenses
...
5,802
3,278
Less:
Retained Revenue Other revenue
...
470
...
Total Retained Revenue
...
470
...
NET COST OF SERVICES
...
5,332
3,278
ASSET ACQUISITIONS
...
30
...
578
ESTIMATES 1998-99
MINISTER FOR THE OLYMPICS
59 OLYMPIC ROADS AND TRANSPORT AUTHORITY
59.1 Road and Transport Planning
59.1.2 Olympic Planning -Transport Support and Services
Program Objective(s):
To plan and provide integrated transport services for the Sydney 2000
Olympic and Paralympic Games.
Program Description:
Plan and provide the operational support functions and the means of
delivery of integrated transport services for use by the Olympic family,
ticketed and non-ticketed Olympic spectators and other transport
users during the 2000 Olympic and Paralympic Games.
Average Staffing (EFT)
1997-98
1998-99
9
23
3
10
3
7
1
10
2
5
Activities:
Co-ordination and delivery of Olympic and
Paralympic Family transport services
Co-ordination and delivery of transport
services for spectators and others
Development of an integrated transport
services framework
Development and communication of
travel management strategies
Management, finance and administrative
services
_______1997-98_______
Budget
Revised
$000
$000
1998-99
Budget
$000
OPERATING STATEMENT
Expenses Operating expenses Employee related
Other operating expenses
Maintenance
Depreciation and amortisation
...
...
...
...
3,320
516
40
36
8,222
3,390
274
40
Total Expenses
...
3,912
11,926
579
ESTIMATES 1998-99
MINISTER FOR THE OLYMPICS
59 OLYMPIC ROADS AND TRANSPORT AUTHORITY
59.1 Road and Transport Planning
59.1.2 Olympic Planning -Transport Support and Services
OPERATING STATEMENT (cont)
Less:
Retained Revenue Grants and contributions
...
1,430
3,188
Total Retained Revenue
...
1,430
3,188
NET COST OF SERVICES
...
2,482
8,738
ASSET ACQUISITIONS
...
54
80
580