A
F
M
A
Section 1: Entity overview and resources .............................................................. 172
1.1
Strategic direction ......................................................................................... 172
1.2
Entity resource statement ............................................................................. 175
1.3
Budget measures .......................................................................................... 175
Section 2: Outcomes and planned performance ................................................... 176
2.1
Outcomes and performance information ...................................................... 176
Section 3: Explanatory tables and budgeted financial statements ..................... 182
3.1
Explanatory tables ........................................................................................ 182
3.2
Budgeted financial statements...................................................................... 183
171

A
F
M
A
1.1 S
The Australian Fisheries Management Authority (AFMA) was established under the
Fisheries Administration Act 1991 (FAA) to manage Australia’s Commonwealth fisheries on behalf of the Australian community using the provisions of the Fisheries
Management Act 1991 (FMA).
The AFMA Commission is responsible for exercising AFMA’s domestic fisheries management functions and powers under the FAA and FMA. The Chief Executive
Officer is responsible for assisting the Commission, including giving effect to its decisions and is also a Commissioner. The Chief Executive Officer is also responsible for exercising AFMA’s foreign compliance functions and powers and for AFMA’s financial and human resources management under the Public Governance, Performance
and Accountability Act 2013 (PGPA Act) and the Public Service Act 1999.
AFMA’s legislated functions and objectives provide for the implementation of efficient and cost effective fisheries management consistent with the principles of ecologically sustainable development, including the precautionary principle, and maximising the net economic returns to the Australian community from the management of
Commonwealth fisheries. AFMA is to have regard to the impact of fishing on nontarget species and the long-term sustainability of the marine environment.
In support of the objectives, AFMA’s work concentrates on providing fisheries management arrangements, compliance programmes, licensing services and developing operational policies and regulations based on understanding and monitoring Australian marine living resources potentially affected by Commonwealth fisheries.
AFMA undertakes its foreign compliance functions through participation in the
Australian Government’s civil maritime surveillance and response programme and outreach activities providing advice and training in neighbouring countries. AFMA’s role includes fisheries enforcement, planning, training and vessel disposal activities.
The activities protect Commonwealth and state-managed fisheries from illegal foreign fishing and contribute to managing wider border security issues.
AFMA also provides fisheries management services for the Protected Zone Joint
Authority (PZJA) under the Torres Strait Fisheries Act 1984 (TSFA). Decisions under this legislation are made by the PZJA which comprises of the Commonwealth as Chair and the Torres Strait Regional Authority and Queensland Government as other members.
The key objectives of the TSFA are to acknowledge and protect the traditional way of
172

AFMA Budget Statements life and livelihood of traditional inhabitants, including their rights in relation to traditional fishing and to protect and preserve the marine environment and
Indigenous fauna and flora in and in the vicinity of the Protected Zone.
When developing and implementing fisheries management arrangements, AFMA works in partnership with the public and key stakeholders, including commercial fishing operators, Indigenous interests, the prescribed peak industry body, sectoral industry associations, recreational and charter fishing representatives, researchers, environment/conservation organisations and others with an interest in
Commonwealth fisheries management. AFMA engages with stakeholder groups through management advisory committees, resource assessment groups, working groups, liaison meetings, port visits, electronic newsletters and direct mail to concession holders in Commonwealth fisheries. These partnerships are especially important as AFMA continues to engage stakeholders so they can more actively manage fisheries to ensure their ecological sustainability and to assume more responsibility for managing fisheries to ensure their sustainability. In accordance with legislation AFMA consults the public on the development of and amendments to fishery management plans, and is expanding its communications with stakeholders through contemporary digital, web and social media.
In managing Commonwealth fisheries, AFMA applies the Australian Government’s cost recovery policy through its Cost Recovery Impact Statement (CRIS). The commercial fishing industry pays for costs directly attributed to and recoverable from the fishing industry while the Government pays for foreign compliance and activities that benefit the broader community. The cost recovery framework is under review in accordance with the Government’s cost recovery guidelines and is expected to apply across all relevant industry and other users of AFMA services from 2016–17.
To fulfil its functions, AFMA commissions and places a high importance on scientific and economic research and risk assessments to inform its decision-making.
AFMA’s focus over the current and forecast period is on:
• Managing Commonwealth fisheries in-line with the Commonwealth Harvest
Strategy Policy and Guidelines that facilitate sustainable and profitable fisheries;
• Preventing unacceptable impacts of Commonwealth fisheries on marine ecosystems and organisms by assessing risk and applying ecological risk assessment and ecological risk management frameworks and managing all fisheries in line with
Commonwealth policy on fisheries bycatch;
• Improving the efficiency and cost effectiveness of fisheries administration by streamlining business processes, and reducing red tape and unnecessary regulatory requirements;
• Increasing opportunities for co-management 1 of fisheries;
173

AFMA Budget Statements
• Deterring illegal fishing in Commonwealth fisheries through targeted enforcement based on compliance risk assessments and available resources;
• Deterring and preventing illegal foreign fishing in the Australian Fishing Zone and adjoining regions by providing the fisheries focus in the Australian Government border protection arrangements, prosecuting offences, disposing of forfeited boats, gear and catches, and engaging in capacity building programmes and cooperative monitoring, control and surveillance activities with regional countries; and
• Effective engagement with the community and other stakeholders to improve communications and increase public awareness and accessibility of fishery management information.
1. Fisheries co-management is an arrangement in which responsibilities and obligations for sustainable fisheries management are negotiated, shared and potentially delegated between Government, fishers and other stakeholders where appropriate.
174

AFMA Budget Statements
1.2 E
Table 1.1 shows the total resources from all sources. The table summarises how resources will be applied by outcome and by administered and departmental classification.
Table 1.1: Australian Fisheries Management Authority resource statement
— Budget estimates for 2015–16 as at Budget May 2015
Actual Estimate Proposed at Budget
Total estimate available of prior appropriation year amounts
2014
–15
$'000
available in
2015
–16
$'000
2015
–16
$'000
2015
–16
$'000
Ordinary annual services
Departm ental appropriation
Departmental appropriation
1 s. 74 Retained revenue receipts
2
Total
21,199
3,104
24,303
-
-
20,955
3,115
24,070
20,955
3,115
24,070
Adm inistered expenses
Outcome 1
Total
Total ordinary annual services A
5,309
5,309
29,612
-
-
-
5,375
5,375
29,445
5,375
5,375
29,445
Special Accounts
Opening balance
3
Appropriation receipts
Non-appropriation receipts to
Special accounts
Total Special Accounts
Total resourcing (A+B)
B
15,256
20,725
17,104
53,085
82,697
15,256
-
-
15,256
15,256
-
21,104
18,831
39,935
69,380
15,256
21,104
18,831
55,191
84,636
Less appropriations draw n f rom annual or special appropriations above and credited to special accounts and/or payments to corporate entities through annual appropriations (20,725) (21,104) (21,104)
Total net resourcing for AFMA 61,972 15,256 48,276 63,532
1. Appropriation Bill (No.1) 2015
–16 includes an amount of $0.470 million in 2015–16 for the
Departmental Capital Budget (refer to table 3.2.5 for further details). For accounting purposes this amount has been designated as 'contributions by owners'.
2. Estimated retained revenue receipts under section 74 of the PGPA Act.
3. Estimated opening balance for Special A ccounts (less ‘Special Public Money’ held in Services for
Other Entities and Trust Monies Special Accounts (SOETM)). For further information on Special
Accounts see Table 3.1.2.
Reader note: All figures are GST exclusive.
1.3 B
AFMA does not have any 2015–16 Budget measures.
175

2.1 O
Government outcomes are the intended results, impacts or consequences of actions by the Government on the Australian community. Commonwealth programmes are the primary vehicle by which Government entities achieve the intended results of their outcome statements. Entities are required to identify the programmes which contribute to Government outcomes over the Budget and forward years.
Each outcome is described below together with its related programmes, specifying the performance indicators and targets used to assess and monitor AFMA’s performance in achieving Government outcomes.
Outcome 1: Ecologically sustainable and economically efficient
Commonwealth fisheries, through understanding and monitoring Australia’s marine living resources and regulating and monitoring commercial fishing, including domestic licensing and deterrence of illegal foreign fishing.
Contributions to achieving this outcome during 2015–16 will include:
• Managing Commonwealth fisheries in-line with the Commonwealth Harvest
Strategy Policy and Guidelines that facilitate sustainable and profitable fisheries;
• Preventing unacceptable impacts of Commonwealth fisheries on marine ecosystems and organisms by assessing risk and applying ecological risk assessment and ecological risk management frameworks and managing all fisheries in line with
Commonwealth policy on fisheries bycatch;
• Improving the efficiency and cost effectiveness of fisheries administration by streamlining business processes, and reducing red tape and unnecessary regulatory requirements;
• Increasing opportunities for co-management 1 of fisheries;
• Deterring illegal fishing in Commonwealth fisheries through targeted enforcement based on compliance risk assessments and available resources;
• Deterring and preventing illegal foreign fishing in the Australian Fishing Zone and adjoining regions by providing the fisheries focus in the Australian Government border protection arrangements, prosecuting offences, disposing of forfeited boats, gear and catches, and engaging in capacity building programmes and cooperative monitoring, control and surveillance activities with regional countries; and
176

AFMA Budget Statements
• Effective engagement with the community and other stakeholders to improve communications and increase public awareness and accessibility of fishery management information.
1. Fisheries co-management is an arrangement in which responsibilities and obligations for sustainable fisheries management are negotiated, shared and potentially delegated between Government, fishers and other stakeholders where appropriate.
Outcome 1 expense statement
Table 2.1 provides an overview of the total expenses for Outcome 1, by programme.
Table 2.1: Budgeted expenses for Outcome 1
Outcom e 1: Ecologically sustainable and econom ically efficient Com m onw ealth fisheries, through understanding and m onitoring Australia’s m arine living resources and regulating and m onitoring com m ercial fishing, including dom estic licensing and deterrence of illegal foreign fishing.
Program m e 1.1: Australian Fisheries Managem ent
Administered expenses
Ordinary annual services (Appropriation Bill No. 1)
Departmental expenses
Departmental appropriation
1
Special accounts
Expenses not requiring appropriation in the budget year
2
Total for Program m e 1.1
Outcom e 1 Totals by appropriation type
Administered expenses
Ordinary annual services (Appropriation Bill No. 1)
Departmental expenses
Departmental appropriation
1
Special accounts
Expenses not requiring appropriation in the budget year
2
Total expenses for Outcom e 1
2014 –15
Estimated actual expenses
$'000
2015 –16
Estimated expenses
$'000
5,309 5,392
23,829
14,000
1,895
45,033
23,600
14,420
1,895
45,307
5,309 5,392
23,829
14,000
1,895
45,033
23,600
14,420
1,895
45,307
2014 –15 2015 –16
Average staffing level (num ber)
1.
Departmental appropriation combines ‘Ordinary annual services (Appropriation Bill No. 1)’ and ‘Retained
Revenue Receipts ’ under section 74 of the PGPA Act.
2. ‘Expenses not requiring appropriation in the Budget year’ is made up of depreciation expense and amortisation expense for both departmental and administered items.
182.0
185.0
Note: Departmental appropriation splits and totals are indicative estimates and may change in the course of the Budget year as Government priorities change.
177

AFMA Budget Statements
Programme 1.1: Australian Fisheries Management Authority
Programme objective
To sustainably manage Commonwealth fisheries and deter illegal fishing.
Programme expenses
 AFMA’s expenditure on domestic fisheries management is a combination of cost recovered and Government funded activities. This expenditure, including the departmental appropriation, is managed through the AFMA Special Account.

Administered expenditure is for the caretaking and disposal of illegal foreign fishing vessels. Expenses not requiring appropriation represent the depreciation of disposal facilities (administered assets).
2014 –15 2015–16 2016–17 2017–18 2018–19
Estimated Budget Forw ard Forw ard Forw ard actual
$'000 $'000 estimate
$'000 estimate
$'000 estimate
$'000
Annual administered expenses:
Ordinary Annual Services
(Appropriation Bill No. 1) 5,309 5,392 5,365 5,456 5,550
Annual departmental expenses:
Departmental appropriation
1
Special account expenses:
AFMA Special account
23,829
14,000
23,600
14,420
23,552
14,853
23,764
15,299
23,927
15,758
Expenses not requiring appropriation in the budget year
2
1,895 1,895 1,895 1,895 1,895
Total Program m e expenses 45,033 45,307 45,665 46,414 47,130
1. Depar tmental appropriation combines ‘Ordinary annual services (Appropriation Bill No. 1)’ and ‘Retained
Revenue Receipts ’ under section 74 of the PGPA Act.
2. ‘Expenses not requiring appropriation in the Budget year’ is made up of depreciation expense and amortisation expense for both departmental and administered items.
178

AFMA Budget Statements
Programme 1.1 Deliverables
AFMA aims to improve the long term sustainable catch of target species through:

regularly assessing the status of target species; and

applying Commonwealth Harvest Strategy Policy, which defines targets for pursuing precautionary and economically efficient catch levels.
AFMA pursues ecological sustainability by:

applying the Commonwealth Bycatch Policy, which seeks to reduce or minimise interactions with non-target species;

conducting risk based compliance programmes to deter illegal fishing in AFMA managed fisheries;

conducting ecological risk assessments and putting in place management responses for species considered at risk from fishing activity; and

supporting the fishing industry to meet the requirements of the Environment Protection and Biodiversity Conservation Act 1999 .
AFMA seeks to maximise the net economic returns to the Australian community from
Commonwealth fisheries by:

increasing the number of fisheries and/or species with specific targets for maximum economic yield, where it is cost effective to do so.
AFMA aims to deter and prevent illegal foreign fishing in the Australian Fishing Zone and thereby minimise its impact on Australian fisheries resources by:

providing the fisheries focus within the Australian Government Civil Maritime
Surveillance and Response Programme; and

carrying out capacity building projects and cooperative enforcement operations to improve the sustainability of fish resources in neighbouring countries.
Continued on following page
179

AFMA Budget Statements
Programme 1.1 Deliverables (continued)
Deliverables
Complete research projects including Torres Strait Fisheries.
1
Complete f ishery independent surveys.
Number of f isheries regulated under plans of management,
2014 –15
Estimated actual
Minimum of 10.
10
12
2015 –16
Budget
Minimum of 10.
10
13
2016 –17
Forw ard estimate
Minimum of 10.
10
13
2017 –18
Forw ard estimate
Minimum of 5.
5
13 including Torres Strait Fisheries.
Number of harvest strategies applied to regulated f isheries.
Complete licensing transactions: a. manual b. automated
Amount of levies collected.
Prosecute illegal f oreign f ishers.
11
400
2500
Greater than 99% of levies collected.
Note
2
Note
2
11
200
2700
Greater than 99% of levies collected.
Note
2
Note
2
11
200
2700
Greater than 99% of levies collected.
Note
2
Note
2
Dispose of illegal f oreign f ishing vessels.
Capacity building programmes in regional countries.
Evidence of suspected illegal f oreign f ishing vessels f orw arded to regional organisation and/or
4
100% of cases.
4
100% of cases.
4
100% of cases.
Adm inistered: Illegal foreign fishing vessel caretaking and disposal
Forf eited vessels disposed of .
3
100% 100% 100%
11
200
2700
Greater than 99% of levies collected.
Note
2
Note
2
4
100% of cases.
100%
2018 –19
Forw ard estimate
Minimum of 5.
5
13
11
200
2700
Greater than 99% of levies collected.
Note
2
Note
2
4
100% of cases.
100%
Review annual domestic 100% 100% 100% 100% 100% compliance risk assessment.
1. Includes only research projects that AFMA contracts with the research provider. It does not include research projects administered by other agencies in which AFMA co-invests.
2. Performance cannot be forecast reliably. Actual results will be included in the AFMA Annual Report.
3. Expressed as a proportion of forfeited vessels brought to AFMA-commissioned caretaking and disposal facilities. The actual numbers depend on the number apprehended and brought to the disposal facilities through the Civil Maritime Surveillance and Response Programme and cannot be forecast reliably.
180

AFMA Budget Statements
Programme 1.1 Performance measures
The Commonwealth Harvest Strategy Policy and associated guidelines provide a framework to maintain key commercial fishery stocks at ecologically sustainable levels and maximise net economic returns through fisheries management and applying a precautionary approach.
Perf ormance measures 2014
–15
2015
–16
Estimated Budget
2016
–17
Forw ard
2017
–18
Forw ard
2018
–19
Forw ard
For econom ically significant stocks:
1 actual estimate estimate estimate a. Maximise the number of key
commercial stocks w ith
harvest strategy targets
based on maximum economic
yield (MEY) or the best
available proxy.
2,3 b. Improve the number of stocks
in (a) assessed as being on
target .
3 c. For those stocks in (a) that
are assessed as not on
19
13
6
19
13
6
20
16
4
20
17
3
20
18
2
target, improve the number
that are heading tow ards
their target ref erence point.
3
Number of f ish stocks subject to overf ishing.
4
Minimise the number of species assessed as remaining at high risk af ter mitigation.
5
Maximise the disposal of apprehended f oreign illegal, unregulated and unreported (IUU) vessels and suspected illegal
0
69
100%
0
72
100%
0
64
100%
0
50
100%
0
40
100% entry vessels (SIEVs).
Treatments targets f or all priority 90% 90% 90% 90% 90% domestic compliance risks met.
1. Please note that not all Commonwealth fish stocks can be managed by MEY, for example, those managed under international regional bodies.
2. Where higher and lower value species are caught together, different targets for the lower value species may maximise net economic returns overall.
3. Assessment methodologies are being reviewed. This may mean projections may vary.
4. In AFMA managed fisheries, not including jointly and internationally managed fisheries.
5. Ecological Risk Assessments for Commonwealth managed fisheries and sub-fisheries have been completed covering almost 1,200 species. Species considered to be potentially at high risk are the subject of mitigation measures and further assessment. This may mean that projections of numbers of high risk species may vary from year to year.
181

AFMA Budget Statements
Section 3 presents explanatory tables and budgeted financial statements which provide a comprehensive snapshot of entity finances for the 2015–16 budget year. It explains how budget plans are incorporated into the financial statements and provides further details of the reconciliation between appropriations and programme expenses, movements in administered funds, special accounts and Government Indigenous expenditure.
3.1 E
AFMA does not have any movement of administered funds.
Special accounts provide a means to set aside and record amounts used for specified purposes. Special accounts can be created by a Finance Minister’s determination under section 78 of the PGPA Act or under separate enabling legislation (section 80 of the
PGPA Act refers). Table 3.1.2 shows the expected additions (receipts) and reductions
(payments) for each account used by AFMA.
Table 3.1.1: Estimates of special account flows and balances
Outcome
Opening Closing balance Receipts Payments Adjustments balance
2015 –16 2015 –16 2015 –16 2015 –16 2015–16
2014
–15
2014
–15
2014
–15
2014
–15 2014–15
$'000 $'000 $'000 $'000 $'000
AFMA Special Account (D)
1
1 15,256
15,256
39,935
37,829
39,935
37,829
-
-
15,256
15,256
AFMA Services for Other Entities and Trust Monies Special
Account (A) 1
135
135
-
-
-
-
-
-
135
135
Total special accounts
2015 – 16 Budget estim ate 15,391 39,935 39,935 15,391
Total special accounts
2014 –15 estimated actual 15,391 37,829 37,829 15,391
1. The AFMA Special Account was established under section 94B of the FAA. The FAA also includes a crediting right provision to provide an equivalent amount to AFMA for its management levies and license fees that are banked to consolidated revenue.
(D) = Departmental
(A) = Administered
AFMA has no Indigenous specific expenditure.
182

AFMA Budget Statements
3.2 B
AFMA expects to maintain a balanced Budget position over the forward years.
AFMA collects levies via regulations under the Fishing Levy Act 1991, in accordance with the FMA, FAA, Australian Government cost recovery policy and AFMA’s CRIS.
AFMA is reviewing its CRIS in line with the Government’s cost recovery guidelines and this may result in changes to future year estimates from 2016–17.
AFMA is also reviewing its legislative provisions relating to the application of penalties, which may result in changes to future year estimates from 2016–17.
Funding for depreciation and amortisation expenses have been attributed between
Government and cost recovered activities in accordance with AFMA’s CRIS.
From 2010–11 the Government introduced net cash appropriation arrangements. The cumulative effect of these arrangements will lead to AFMA’s accumulated results equity declining over the forward years as depreciation and amortisation expenses are greater than equity appropriations.
From 2013–14, AFMA changed its internal process regarding levy collections. Levy revenue no longer flows through AFMA’s Administered Special Account and now is receipted directly into the Departmental Special Account.
Administered income reflects the fines imposed by AFMA for domestic and international illegal fishing activities and the receipt of administered revenue for expenditure incurred.
Administered expenditure reflects payments to the providers of illegal foreign fishing vessel caretaking and disposal services.
183

AFMA Budget Statements
Table 3.2.1 Comprehensive income statement (showing net cost of services)
(for the period ended 30 June)
2014 –15 2015 –16 2016 –17 2017 –18 2018 –19
Estimated actual
$'000
Budget Forw ard Forw ard Forw ard estimate estimate estimate
$'000 $'000 $'000 $'000
EXPENSES
Employee benef its
Supplier expenses
Depreciation and amortisation
Total expenses
LESS:
OWN-SOURCE INCOME
Ow n-source revenue
Sale of goods and rendering of services
Rental income
Levies and license f ees provided via crediting right to special account
Total ow n-source revenue
Gains
22,937
14,926
1,798
39,661
2,527
577
14,000
17,104
23,657
14,397
1,798
39,852
2,527
588
14,420
17,535
24,400
14,039
1,798
40,237
2,527
600
14,853
17,980
24,473
14,624
1,798
40,895
2,527
612
15,299
18,438
24,600
15,119
1,798
41,517
2,527
624
15,758
18,909
Other
Total gains
Total ow n-source incom e
Net cost of (contribution by) services
Revenue f rom Government
Surplus (Deficit) attributable to the Australian Governm ent
OTHER COMPREHENSIVE INCOME
34
34
17,138
22,523
20,725
(1,798)
34
34
17,569
22,283
20,485
(1,798)
34
34
18,014
22,223
20,425
(1,798)
34
34
18,472
22,423
20,625
(1,798)
34
34
18,943
22,574
20,776
(1,798)
Total com prehensive incom e (loss)
Total com prehensive incom e (loss)
(1,798) (1,798) (1,798) (1,798) (1,798) attributable to the Australian
Governm ent (1,798) (1,798) (1,798) (1,798) (1,798)
Note: Im pact of net cash appropriation arrangem ents
2014
–15
2015
–16
2016
–17
2017
–18
2018
–19
$'000 $'000 $'000 $'000 $'000
Total com prehensive incom e
(loss) excluding depreciation/ am ortisation expenses previously funded through revenue appropriations.
less depreciation/amortisation expenses previously f unded through revenue appropriations
1
-
1,798
-
1,798
-
1,798
-
1,798
-
1,798
Total com prehensive incom e
(loss) – as per the statem ent of com prehensive incom e (1,798) (1,798) (1,798) (1,798) (1,798)
1. From 2010
–11, the Government introduced net cash appropriation arrangements where Bill 1 revenue appropriations for the depreciation/amortisation expenses of non-corporate Commonwealth entities (and select corporate Commonwealth entities) were replaced with a separate capital budget (the
Departmental Capital Budget, or DCB) provided through Bill 1 equity appropriations. For information regarding DCBs, please refer to Table 3.2.5 Departmental Capital Budget Statement.
Prepared on Australian Accounting Standards basis.
184

AFMA Budget Statements
Table 3.2.2: Budgeted departmental balance sheet (as at 30 June)
2014
–15
2015
–16
2016
–17
2017
–18
2018
–19
Estimated actual
$'000
Budget Forw ard Forw ard Forw ard
$'000 estimate estimate estimate
$'000 $'000 $'000
ASSETS
Financial assets
Cash and cash equivalents
Trade and other receivables
Total fi nanci al assets
475
16,509
16,984
475
16,509
16,984
475
16,509
16,984
475
16,127
16,602
475
15,745
16,220
Non-financial assets
Land and buildings
Property, plant and equipment
Intangibles
Other
Total non-financial assets
Total assets
5,053
1,594
1,811
149
8,607
25,591
4,449
1,695
1,347
149
7,640
24,624
3,940
1,542
1,035
149
6,666
23,650
3,256
1,496
816
149
5,717
22,319
2,572
1,899
151
149
4,771
20,991
LIABILITIES
Payables
Suppliers
Accrued expenses
Total payabl es
876
5,436
6,312
519
5,338
5,857
259
5,338
5,597
259
5,338
5,597
259
5,338
5,597
Provisions
Employee provisions
Total provisions
6,239
6,239
6,377
6,377
6,319
6,319
6,319
6,319
6,319
6,319
Total l i abi l i ti es 12,551 12,234
Net assets
EQUITY*
Parent entity interest
Contributed equity
Reserves
13,040
10,651
4,644
12,390
11,120
4,644
Retained surplus
(accumulated def icit) (2,255) (3,374)
Total equity 13,040 12,390
* 'Equity' is the residual interest in assets after deduction of liabilities.
Prepared on Australian Accounting Standards basis.
11,916
11,734
11,583
4,644
(4,493)
11,734
11,916
10,403
12,050
4,644
(6,291)
10,403
11,916
9,075
12,520
4,644
(8,089)
9,075
185

AFMA Budget Statements
Table 3.2.3: Departmental statement of changes in equity — summary of movement (Budget year 2015 –16)
Retained Asset Contributed earnings revaluation equity/ reserve capital
$'000 $'000 $'000
Opening balance as at 1 July 2015
Balance carried f orw ard f rom previous period
Adj usted openi ng bal ance
(2,255)
(2,255)
4,644
4,644
10,651
10,651
Total equity
$'000
13,040
13,040
Com prehensive incom e
Surplus (def icit) f or the period
Total comprehensi ve i ncome of w hich:
Attributable to the Australian Government
(1,798)
(1,798)
(1,798)
-
-
-
-
-
-
(1,798)
(1,798)
(1,798)
Transactions w ith ow ners
Contri buti ons by owners
Departmental Capital Budget (DCBs)
Other
Sub-total transactions w ith ow ners
-
679
679
Estim ated closing balance as at 30 June 2016
Closing balance attributable to the
(3,374)
Australian Governm ent
Prepared on Australian Accounting Standards basis.
(3,374)
-
-
-
4,644
4,644
470
(1)
469
11,120
11,120
470
678
1,148
12,390
12,390
186

AFMA Budget Statements
Table 3.2.4: Budgeted departmental statement of cash flows (for the period ended 30 June)
2014–15 2015–16 2016–17 2017–18 2018–19
Estimated actual
$'000
Budget Forw ard Forw ard Forw ard estimate estimate estimate
$'000 $'000 $'000 $'000
OPERATING ACTIVITIES
Cash received
Sale of goods and rendering of services
Appropriations
Net GST received
Other
Total cash recei ved
3,104
20,603
310
14,000
38,017
3,115
20,403
312
14,420
38,250
3,127
20,423
313
14,853
38,716
3,510
20,623
350
15,264
39,747
3,151
20,895
315
15,443
39,804
Cash used
Employees
Suppliers
Total cash used
Net cash from (used by) operating activities
23,071
14,591
37,662
355
23,795
14,094
37,889
361
24,542
13,813
38,355
361
25,070
14,295
39,365
382
24,600
14,822
39,422
382
INVESTING ACTIVITIES
Cash used
Purchase of property, plant, equipment and intangibles
Total cash used
Net cash from (used by) investing activities
825
825
(825)
FINANCING ACTIVITIES
Cash received
Contributed equity
Total cash recei ved
Net cash from (used by) financing activities
Net increase (decrease) in cash held
Cash and cash equivalents at the beginning of the reporting period
Cash and cash equivalents at the
470
470
470
-
475 end of the reporting period 475
Prepared on Australian Accounting Standards basis.
831
831
(831)
470
470
470
-
475
475
824
824
(824)
463
463
463
-
475
475
849
849
(849)
467
467
467
-
475
475
852
852
(852)
470
470
470
-
475
475
187

AFMA Budget Statements
Table 3.2.5: Departmental capital budget statement
2014–15 2015–16 2016–17 2017–18 2018–19
Estimated actual
$'000
Budget Forw ard Forw ard Forw ard
$'000 estimate estimate estimate
$'000 $'000 $'000
CAPITAL APPROPRIATIONS
Capital budget – Bill 1 (DCB)
Total capital appropriations
470
470
470
470
463
463
467
467
470
470
Total new capital appropriations represented by:
Purchase of non-f inancial assets
Total item s
470
470
470
470
463
463
467
467
470
470
PURCHASE OF NON-FINANCIAL
ASSETS
Funded by capital appropriation – DCB 1
Funded internally f rom departmental resources
2
TOTAL
470
355
825
470
361
831
463
361
824
467
382
849
470
382
852
RECONCILIATION OF CASH
USED TO ACQUIRE ASSETS
TO ASSET MOVEMENT TABLE
Total purchases
Total cash used to
825 831 824 849 852 acquire assets 825 831 824 849 852
1. Includes the following sources of funding:
– annual and prior year appropriations;
– internally developed assets;
– section 74 Retained revenue receipts;
– proceeds from the sale of assets; and
– the AFMA Special Account under section 94B of the FAA.
Consistent with information contained in the Statement of Asset Movements and the Budgeted Statement of
Cash Flows.
188

AFMA Budget Statements
Table 3.2.6: Statement of asset movements (Budget year 2015 –16)
Land Buildings Other Intangibles property, plant and equipment
L&B
IP&E
held f or sale
$'000 $'000 $'000 $'000 $'000
As at 1 July 2015
Gross book value
Accumulated depreciation/amortisation and impairment
Opening net book balance
1,075
-
1,075
7,066
(3,088)
3,978
4,193
(2,599)
1,594
6,043
(4,232)
1,811
2
(2)
-
Total
$'000
18,379
(9,921)
8,458
CAPITAL ASSET ADDITIONS
Estim ated expenditure on new or replacem ent assets
By purchase – appropriation ordinary annual services
1
Total additions
Other m ovem ents
Depreciation/amortisation
Total other m ovem ents
-
-
80
80
550
550
201
201
-
-
831
831
-
-
(684)
(684)
(449)
(449)
(665)
(665)
-
-
(1,798)
(1,798)
As at 30 June 2016
Gross book value
Accumulated depreciation/amortisation
1,075 7,146 4,743 6,244 2 19,210 and impairment (3,772) (3,048) (4,897) (2) (11,719)
Closing net book balance 1,075 3,374 1,695 1,347 7,491
1. ‘Appropriation ordinary annual services’ refers to funding provided through Appropriation Bill (No. 1)
2015 –16 for depreciation/amortisation expenses, DCBs or other operational expenses.
Prepared on Australian Accounting Standards basis.
189

AFMA Budget Statements
Table 3.2.7: Schedule of budgeted income and expenses administered on behalf of Government (for the period ended 30 June)
2014 –15 2015 –16 2016 –17 2017 –18 2018 –19
Estimated actual
$'000
Budget Forw ard Forw ard Forw ard estimate estimate estimate
$'000 $'000 $'000 $'000
EXPENSES ADMINISTERED ON
BEHALF OF GOVERNMENT
Supplier expenses
Depreciation and amortisation
Total expenses adm inistered on behalf of Governm ent
LESS:
OWN-SOURCE INCOME
Ow n-source revenue
Non-taxation revenue
Sale of goods and rendering of services
1
5,309
63
5,372
721
5,392
63
5,455
742
5,365
63
5,428
764
5,456
63
5,519
786
5,550
63
5,613
786
Total non-taxati on revenue
Total ow n-source revenues adm inistered on behalf of
Governm ent
Total ow n-source incom e adm inistered on behalf of
Governm ent
721
721
721
742
742
742
764
764
764
786
786
786
786
786
786
Net Cost of (contribution by) services
Surplus (Deficit)
4,651
(4,651)
4,713
(4,713)
4,664
(4,664)
4,733
(4,733)
4,827
(4,827)
Total com prehensive incom e (loss) (4,651) (4,713) (4,664) (4,733) (4,827)
1. This includes an estimated $0.700 million per annum collected on behalf of the Fisheries Research and
Development Corporation, which is not claimed by AFMA through the crediting right.
Prepared on Australian Accounting Standards basis.
190

AFMA Budget Statements
Table 3.2.8: Schedule of budgeted assets and liabilities administered on behalf of Government (as at 30 June)
2014–15 2015–16 2016–17 2017–18 2018–19
Estimated actual
$'000
Budget Forw ard Forw ard Forw ard
$'000 estimate
$'000 estimate
$'000 estimate
$'000
ASSETS
Financial assets
Cash and cash equivalents
Receivables
Total fi nanci al assets
17
256
273
-
256
256
-
256
256
-
256
256
-
256
256
Non-financial assets
Land and buildings
Total non-fi nanci al assets
530
530
467
467
404
404
341
341
278
278
Total assets adm inistered on behalf of Governm ent 803
LIABILITIES
Payables
Suppliers
Total payabl es
487
487
Total liabilities adm inistered on behalf of Governm ent 487
Net assets/(liabilities) 316
Prepared on Australian Accounting Standards basis.
723
487
487
487
236
660
487
487
487
173
597
487
487
487
110
534
487
487
487
47
191

AFMA Budget Statements
Table 3.2.9: Schedule of budgeted administered cash flows (for the period ended
30 June)
2014 –15 2015 –16 2016 –17 2017 –18 2018 –19
Estimated actual
$'000
Budget Forw ard Forw ard Forw ard estimate estimate estimate
$'000 $'000 $'000 $'000
OPERATING ACTIVITIES
Cash received
Sales of goods and rendering of services
Total cash recei ved
721
721
742
742
764
764
786
786
786
786
Cash used
Suppliers
Total cash used
Net cash from (used by) operating activities
5,309
5,309
(4,588)
Net i ncrease (decrease) i n
cash hel d
Cash and cash equivalents at beginning of reporting period
Cash f rom Of f icial Public Account f or:
– Appropriations
(4,588)
17
5,309
Cash to Of f icial Public Account f or:
– Special accounts
721
Cash and cash equivalents at end of reporting period 17
5,392
5,392
(4,650)
(4,650)
17
5,375
742
-
5,365
5,365
(4,601)
(4,601)
-
5,365
764
-
5,456
5,456
(4,670)
(4,670)
-
5,456
786
-
5,550
5,550
(4,764)
(4,764)
-
5,550
786
-
Table 3.2.10: Statement of administered asset movements (2015 –16)
Buildings
$'000
As at 1 July 2015
Gross book value
Accumulated depreciation/amortisation and impairment
Opening net book balance
837
(307)
530
Total
$'000
837
(307)
530
Other m ovem ents
Depreciation/amortisation expense
Total other m ovem ents
(63)
(63)
(63)
(63)
As at 30 June 2016
Gross book value
Accumulated depreciation/amortisation and impairment
Closing net book balance
Prepared on Australian Accounting Standards basis.
837
(370)
467
837
(370)
467
192