Department of Employment Budget Statements 2015–16
Section 3: Explanatory tables and budgeted financial
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
EXPLANATORY TABLES
3.1.1 Movement of administered funds between years
Administered funds can be provided for a specified period, for example under
annual Appropriation Acts. Funds not used in the specified period with the
agreement of the Finance Minister may be moved to a future year. Table 3.1.1
shows the movement of administered funds approved between years.
Table 3.1.1: Movement of administered funds between years1
Outcome 1:
Programme 1.1
Employment Services
Total m ovem ent of
adm inistered funds
1
2014–15
$'000
2015–16
$'000
2016–17
$'000
2017–18
$'000
2018–19
$'000
(2,155)
538
539
539
539
(2,155)
538
539
539
539
Figures displayed as a negative (-) represent a decrease in funds and a positive reflect an increase
in funds.
3.1.2 Special accounts
The department has no special accounts. For this reason Table 3.1.2 is not
presented.
3.1.3 Australian Government Indigenous expenditure
The department has no Australian Government Indigenous expenditure. For
this reason Table 3.1.3 is not presented.
44
Department of Employment Budget Statements 2015–16
3.2
BUDGETED FINANCIAL STATEMENTS
3.2.1 Differences in entity resourcing and financial statements
3.2.2 Analysis of budgeted financial statements
An analysis of the department’s budgeted financial statements, which consists
of the budgeted departmental financial statements and administered schedules,
is provided below. The 2014–15 estimated actual is used as the comparative
year for the analysis although some comments on broader trends in the forward
estimates are provided.
Departmental financial statements
Income Statement
The department’s income statement reflects a deficit in 2015–16. This deficit is
solely attributable to the depreciation expense for the year.
Expenses for 2015–16 are estimated to be $338.3 million. This reflects a decrease
of $8.8 million from the estimated actual expense for 2014–15 and is
predominantly due to the impact of one-off expenses in 2014–15 and new
budget measures.
Balance Sheet
The budgeted net asset position of $101.1 million for 2015–16 represents a small
increase of $2.1 million from the 2014–15 estimated actual. The accumulated
deficit apparent in the balance sheet represents the accounting treatment
applicable to depreciation expense.
The structure of the balance sheet reflects the nature of the organisation. Key
assets are office fit-out (included in land and buildings), computer and office
machines (included in infrastructure, plant and equipment), and computer
software (included in intangibles). The most significant liability relates to
employees and the leave provisions that are accrued as a result of their
employment.
Administered Statements
Income Statement
Administered revenue for the 2015–16 budget year are estimated to be
$193.3 million, consistent with the 2014–15 estimated actual.
Administered expenses in 2015–16 are estimated to be $2.0 billion, a slight
increase of $12.5 million from the 2014–15 estimated actual. This increase is
attributable to budget measures and revised programme parameters.
Balance Sheet
The minor variations in the balance sheet are as a result of changes in payables,
which reflect the timing of grant payments from year to year.
45
Department of Employment Budget Statements 2015–16
3.2.3 Budgeted financial statements tables
Table 3.2.1: Comprehensive income statement (showing net cost of
services) for the period ended 30 June
$'000
2016–17
Forw ard
estimate
$'000
2017–18
Forw ard
estimate
$'000
2018–19
Forw ard
estimate
$'000
221,467
95,164
30,490
218,026
86,213
34,072
217,168
76,902
32,429
217,346
78,677
30,906
216,753
79,579
29,876
347,121
338,311
326,499
326,929
326,208
20,182
460
17,713
460
17,713
460
17,713
460
17,713
460
20,642
18,173
18,173
18,173
18,173
-
-
-
-
-
-
-
-
-
-
20,642
18,173
18,173
18,173
18,173
326,479
295,989
320,138
286,066
308,326
275,897
308,756
277,850
308,035
278,159
(30,490)
(34,072)
(32,429)
(30,906)
(29,876)
-
-
-
-
-
-
-
-
-
-
Total com prehensive incom e/(loss)
(30,490)
(34,072)
(32,429)
(30,906)
(29,876)
Total com prehensive incom e/(loss)
attributable to the Australian
Governm ent
(30,490)
(34,072)
(32,429)
(30,906)
(29,876)
EXPENSES
Employee benefits
Suppliers
Depreciation and amortisation
Total expenses
LESS:
OWN-SOURCE INCOME
Ow n-source revenue
Sale of goods and rendering of services
Other revenue
Total ow n-source revenue
2014–15
Estimated
actual
$'000
2015–16
Budget
Gains
Other gains
Total gains
Total ow n-source incom e
Net cost of/(contribution by)
services
Revenue from Government
Surplus/(deficit) attributable to the
Australian Governm ent
OTHER COMPREHENSIVE INCOME
Changes in asset revaluation surplus
Total other com prehensive incom e
46
Department of Employment Budget Statements 2015–16
Table 3.2.1: Comprehensive income statement (showing net cost of
services) for the period ended 30 June (continued)
Note: Impact of net cash appropriation arrangements
2014–15
$'000
2015–16
$'000
2016–17
$'000
2017–18
$'000
2018–19
$'000
-
-
-
-
-
30,490
34,072
32,429
30,906
29,876
(30,490)
(34,072)
(32,429)
(30,906)
(29,876)
Total com prehensive incom e/(loss)
excluding depreciation/am ortisation
expenses previously funded
through revenue appropriations.
less depreciation/amortisation
expenses previously funded through
revenue appropriations 1
Total com prehensive incom e/(loss)
- as per the statem ent of
com prehensive incom e
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.
47
Department of Employment Budget Statements 2015–16
Table 3.2.2: Budgeted departmental balance sheet (as at 30 June)
$'000
2016–17
Forw ard
estimate
$'000
2017–18
Forw ard
estimate
$'000
2018–19
Forw ard
estimate
$'000
2,768
72,032
2,768
71,568
2,768
71,213
2,768
71,848
2,768
72,521
74,800
74,336
73,981
74,616
75,289
21,344
13,770
63,537
10,252
20,173
15,580
65,037
10,252
18,124
14,123
63,478
10,252
17,871
13,826
60,406
10,252
16,278
13,602
59,818
10,252
108,903
-
111,042
-
105,977
-
102,355
-
99,950
-
183,703
185,378
179,958
176,971
175,239
6,146
11,690
6,146
11,690
6,146
11,690
6,146
11,690
6,146
11,690
Total payables
Provisions
Employee provisions
Other provisions
17,836
17,836
17,836
17,836
17,836
65,592
1,315
65,128
1,315
64,773
1,315
65,408
1,315
66,081
1,315
Total provisions
66,907
66,443
66,088
66,723
67,396
Total liabilities
84,743
84,279
83,924
84,559
85,232
Net assets
98,960
101,099
96,034
92,412
90,007
ASSETS
Financial assets
Cash and cash equivalents
Trade and other receivables
Total financial assets
Non-financial assets
Land and buildings
Property, plant and equipment
Intangibles
Other non-financial assets
Total non-financial assets
Assets held for sale
Total assets
LIABILITIES
Payables
Suppliers
Other payables
2014–15
Estimated
actual
$'000
2015–16
Budget
48
Department of Employment Budget Statements 2015–16
Table 3.2.2: Budgeted departmental balance sheet (as at 30 June)
(continued)
EQUITY*
Parent entity interest
Contributed equity
Reserves
Retained surplus (accumulated
deficit)
2014–15
Estimated
actual
$'000
2015–16
Budget
$'000
2016–17
Forw ard
estimate
$'000
2017–18
Forw ard
estimate
$'000
2018–19
Forw ard
estimate
$'000
151,515
3,376
187,726
3,376
215,090
3,376
242,374
3,376
269,845
3,376
(55,931)
(90,003)
(122,432)
(153,338)
(183,214)
Total parent entity interest
98,960
101,099
96,034
92,412
90,007
Total Equity
98,960
101,099
96,034
92,412
90,007
*’Equity’ is the residual interest in assets after deduction of liabilities.
Prepared on Australian Accounting Standards basis.
49
Department of Employment Budget Statements 2015–16
Table 3.2.3: Departmental statement of changes in equity — summary of
movement (Budget year 2015–16)
Opening balance as at 1 July 2015
Balance carried forw ard from previous
period
Adjustment for changes in accounting
policies
Asset Contributed
Retained
equity/
earnings revaluation
capital
reserve
$'000
$'000
$'000
Total
equity
151,515
98,960
(55,931)
3,376
$'000
-
-
-
-
Adjusted opening balance
Com prehensive incom e
Other comprehensive income
Surplus/(deficit) for the period
(55,931)
3,376
151,515
98,960
(34,072)
-
-
(34,072)
Total comprehensive income
of w hich:
Attributable to the Australian
Government
Transactions w ith ow ners
Contributions by owners
Equity Injection - Appropriation
Departmental Capital Budget (DCB)
Sub-total transactions with owners
Transfers betw een equity components
Estim ated closing balance as at
30 June 2016
Less: non-controlling interests
Closing balance attributable to the
Australian Governm ent
(34,072)
-
-
(34,072)
(34,072)
-
-
(34,072)
-
-
-
-
9,333
26,878
36,211
-
9,333
26,878
36,211
-
(90,003)
-
3,376
-
187,726
-
101,099
-
(90,003)
3,376
187,726
101,099
Prepared on Australian Accounting Standards basis.
50
Department of Employment Budget Statements 2015–16
Table 3.2.4: Budgeted departmental statement of cash flows (for the
period ended 30 June)
$'000
2016–17
Forw ard
estimate
$'000
2017–18
Forw ard
estimate
$'000
2018–19
Forw ard
estimate
$'000
292,803
286,530
276,252
277,215
277,486
22,996
9,236
17,923
7,354
17,923
7,078
17,923
7,330
17,923
7,557
Total cash received
Cash used
Employees
Suppliers
325,035
311,807
301,253
302,468
302,966
227,039
100,897
218,490
93,317
217,523
83,730
216,711
85,757
216,080
86,886
Total cash used
Net cash from /(used by)
operating activities
INVESTING ACTIVITIES
Cash received
Proceeds from sales of property,
plant and equipment
327,936
311,807
301,253
302,468
302,966
(2,901)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
55,011
36,211
27,364
27,284
27,471
55,011
36,211
27,364
27,284
27,471
(55,011)
(36,211)
(27,364)
(27,284)
(27,471)
OPERATING ACTIVITIES
Cash received
Appropriations
Sale of goods and rendering of
services
Net GST received
Total cash received
Cash used
Purchase of property, plant and
equipment
Total cash used
Net cash from /(used by)
investing activities
2014–15
Estimated
actual
$'000
2015–16
Budget
51
Department of Employment Budget Statements 2015–16
Table 3.2.4: Budgeted departmental statement of cash flows (for the
period ended 30 June) (continued)
FINANCING ACTIVITIES
Cash received
Contributed equity
Total cash received
Cash used
Other
Total cash used
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
end of the reporting period
2014–15
Estimated
actual
$'000
2015–16
Budget
$'000
2016–17
Forw ard
estimate
$'000
2017–18
Forw ard
estimate
$'000
2018–19
Forw ard
estimate
$'000
55,011
36,211
27,364
27,284
27,471
55,011
36,211
27,364
27,284
27,471
-
-
-
-
-
-
-
-
-
-
55,011
36,211
27,364
27,284
27,471
(2,901)
-
-
-
-
5,669
2,768
2,768
2,768
2,768
2,768
2,768
2,768
2,768
2,768
Prepared on Australian Accounting Standards basis.
52
Department of Employment Budget Statements 2015–16
Table 3.2.5: Departmental capital budget statement (for the period ended
30 June)
$'000
2016–17
Forw ard
estimate
$'000
2017–18
Forw ard
estimate
$'000
2018–19
Forw ard
estimate
$'000
31,024
23,987
26,878
9,333
27,364
-
27,284
-
27,471
-
55,011
36,211
27,364
27,284
27,471
55,011
36,211
27,364
27,284
27,471
55,011
36,211
27,364
27,284
27,471
23,987
9,333
-
-
-
31,024
26,878
27,364
27,284
27,471
TOTAL
RECONCILIATION OF CASH USED TO
ACQUIRE ASSETS TO ASSET
MOVEMENT TABLE
Total purchases
55,011
36,211
27,364
27,284
27,471
55,011
36,211
27,364
27,284
27,471
Total cash used to acquire assets
55,011
36,211
27,364
27,284
27,471
NEW CAPITAL APPROPRIATIONS
Capital budget - Bill 1 (DCB)
Equity injections - Bill 2
Total new capital appropriations
Provided for:
Purchase of non-financial assets
Total Items
PURCHASE OF NON-FINANCIAL
ASSETS
Funded by capital appropriations 1
Funded by capital appropriation DCB2
2014–15
Estimated
actual
$'000
2015–16
Budget
1
Includes both current Bill 2 and prior Act 2/4/6 appropriations and special capital appropriations.
2
Does not include annual finance lease costs. Includes purchases from current and previous years'
Departmental Capital Budgets (DCBs).
Prepared on Australian Accounting Standards basis.
53
Department of Employment Budget Statements 2015–16
Table 3.2.6: Statement of asset movements (Budget year 2015–16)
As a t 1 July 2 0 15
Gross book value
Ac c umulated
deprec iation/amortisation and
impairment
O pe ning ne t book ba la nc e
Ca pita l a sse t a dditions
Estima te d e xpe nditure on ne w
or re pla c e me nt a sse ts
1
By purc hase - appropriation equity
Tota l a dditions
O the r move me nts
Deprec iation/amortisation expense
Tota l othe r move me nts
As a t 3 0 June 2 0 16
Gross book value
Ac c umulated
deprec iation/amortisation and
impairment
Closing ne t book ba la nc e
1
Buildings
$'000
Other property,
plant and
equipment
$'000
Computer
software and
intangibles
$'000
Total
$'000
29,401
26,992
128,695
185,088
(65,158)
(86,437)
(8,057)
(13,222)
2 1, 3 4 4
13 , 7 7 0
63,537
98,651
6,156
6 , 15 6
6,990
6,990
23,065
23,065
36,211
3 6 , 2 11
(7,327)
(5,180)
(21,565)
(34,072)
(7 , 3 2 7 )
(5 , 18 0 )
(2 1, 5 6 5 )
(3 4 , 0 7 2 )
35,557
33,982
151,760
221,299
(15,384)
(18,402)
(86,723)
(120,509)
2 0 , 17 3
15 , 5 8 0
65,037
10 0 , 7 9 0
"Appropriation equity" refers to equity injections appropriations provided through Appropriation
Bill (No. 2) 2015-16, including CDABs.
Prepared on Australian Accounting Standards basis.
54
Department of Employment Budget Statements 2015–16
Table 3.2.7: Schedule of budgeted income and expenses administered on
behalf of Government (for the period ended 30 June)
EXPENSES
Suppliers
Subsidies
Personal benefits
Grants
Payments to corporate entities
Total expenses adm inistered on
behalf of Governm ent
LESS:
OWN-SOURCE INCOME
Ow n-source revenue
Taxation revenue
Other taxes
Total taxation revenue
Non-taxation revenue
Other revenue
2014–15
Estimated
actual
$'000
2015–16
Budget
$'000
2016–17
Forw ard
estimate
$'000
2017–18
Forw ard
estimate
$'000
2018–19
Forw ard
estimate
$'000
1,454,643
174,618
269,560
76,051
7,563
1,313,745
305,930
284,525
82,959
7,727
1,502,418
489,714
315,481
85,486
6,194
1,451,964
533,862
316,214
86,181
6,235
1,472,854
529,499
317,443
73,513
6,279
1,982,435
1,994,886
2,399,293
2,394,456
2,399,588
174,618
174,618
174,618
174,618
174,618
174,618
174,618
174,618
174,618
174,618
18,681
18,695
18,695
18,695
18,695
Total non-taxation revenue
18,681
18,695
18,695
18,695
18,695
Total ow n-source revenue
adm inistered on behalf of
Governm ent
193,299
193,313
193,313
193,313
193,313
Gains
Other gains
Total gains adm inistered on behalf
of Governm ent
Total ow n-sourced incom e
adm inistered on behalf of
Governm ent
193,299
193,313
193,313
193,313
193,313
Net cost of/(contribution by)
1,789,136 1,801,573 2,205,980 2,201,143 2,206,275
services
Surplus (deficit)
(1,789,136) (1,801,573) (2,205,980) (2,201,143) (2,206,275)
OTHER COMPREHENSIVE INCOME
Changes in asset revaluation surplus
Total other com prehensive incom e
Total com prehensive incom e/(loss) (1,789,136) (1,801,573) (2,205,980) (2,201,143) (2,206,275)
Prepared on Australian Accounting Standards basis.
55
Department of Employment Budget Statements 2015–16
Table 3.2.8: Schedule of budgeted assets and liabilities administered on
behalf of Government (as at 30 June)
ASSETS
Financial assets
Taxation receivables
Trade and other receivables
Investments accounted for using
the equity method
Total financial assets
Non-financial assets
Other non-financial assets
Total non-financial assets
Assets held for sale
Total assets adm inistered on
behalf of Governm ent
LIABILITIES
Payables
Suppliers
Subsidies
Personal benefits
Grants
Other payables
Total payables
2014–15
Estimated
actual
$'000
2015–16
Budget
$'000
2016–17
Forw ard
estimate
$'000
2017–18
Forw ard
estimate
$'000
2018–19
Forw ard
estimate
$'000
13,207
10,129
13,207
10,129
13,207
10,129
13,207
10,129
13,207
10,129
145,477
145,477
145,477
145,477
145,477
168,813
168,813
168,813
168,813
168,813
4,980
5,297
5,297
5,323
5,329
4,980
-
5,297
-
5,297
-
5,323
-
5,329
-
173,793
174,110
174,110
174,136
174,142
21,642
14,810
9,441
459
2,791,026
21,642
21,642
14,810
14,810
9,441
9,441
459
459
2,779,135 2,772,281
21,642
14,810
9,441
459
2,765,073
21,642
14,810
9,441
459
2,758,699
2,837,378
2,825,487
2,811,425
2,805,051
56
2,818,633
Department of Employment Budget Statements 2015–16
Table 3.2.8: Schedule of budgeted assets and liabilities administered on
behalf of Government (as at 30 June) (continued)
Provisions
Employee provisions
Other provisions
Total provisions
Total liabilities adm inistered on
behalf of Governm ent
Net assets/(liabilities)
2014–15
Estimated
actual
$'000
2015–16
Budget
$'000
2016–17
Forw ard
estimate
$'000
2017–18
Forw ard
estimate
$'000
2018–19
Forw ard
estimate
$'000
-
-
-
-
-
-
-
-
-
-
2,837,378
2,825,487
2,818,633
2,811,425
2,805,051
(2,663,585) (2,651,377) (2,644,523) (2,637,289) (2,630,909)
Prepared on Australian Accounting Standards basis.
57
Department of Employment Budget Statements 2015–16
Table 3.2.9: Schedule of budgeted administered cash flows (for the period
ended 30 June)
OPERATING ACTIVITIES
Cash received
Taxes
Net GST received
Other
Total cash received
Cash used
Grant
Subsidies paid
Personal benefits
Suppliers
Payments to corporate entities
Total cash used
Net cash from /(used by)
operating activities
2014–15
Estimated
actual
$'000
2015–16
Budget
$'000
2016–17
Forw ard
estimate
$'000
2017–18
Forw ard
estimate
$'000
2018–19
Forw ard
estimate
$'000
174,618
150,000
18,681
174,618
160,000
18,695
174,618
180,000
18,695
174,618
170,000
18,695
174,618
180,000
18,695
343,299
353,313
373,313
363,313
373,313
76,051
174,618
269,560
1,604,655
7,563
82,959
305,930
284,525
1,474,062
7,727
85,486
489,714
315,481
1,682,418
6,194
86,181
533,862
316,214
1,621,990
6,235
73,513
529,499
317,443
1,652,860
6,279
2,132,447
2,155,203
2,579,293
2,564,482
2,579,594
(1,789,148) (1,801,890) (2,205,980) (2,201,169) (2,206,281)
58
Department of Employment Budget Statements 2015–16
Table 3.2.9: Schedule of budgeted administered cash flows (for the period
ended 30 June) (continued)
2014–15
Estimated
actual
$'000
2015–16
Budget
$'000
2016–17
Forw ard
estimate
$'000
2017–18
Forw ard
estimate
$'000
2018–19
Forw ard
estimate
$'000
Net increase/(decrease) in cash held (1,789,148) (1,801,890) (2,205,980) (2,201,169) (2,206,281)
Cash and cash equivalents at
beginning of reporting period
Cash from Official Public Account for:
- Appropriations
1,982,491
1,995,233
2,399,323
2,394,512
2,399,624
Total cash from Official Public
Account
1,982,491
1,995,233
2,399,323
2,394,512
2,399,624
Cash to Official Public Account for:
- Appropriations
(193,343)
(193,343)
(193,343)
(193,343)
(193,343)
Total cash to Official Public Account
(193,343)
(193,343)
(193,343)
(193,343)
(193,343)
Cash and cash equivalents at end
of reporting period
-
Prepared on Australian Accounting Standards basis.
Table 3.2.10: Administered capital budget statement (for the period ended
30 June)
The department has no administered capital purchases to report. For this reason
Table 3.2.10 is not presented.
Table 3.2.11: Statement of administered asset movements (Budget year
2015–16)
The department has no administered assets to report. For this reason
Table 3.2.11 is not presented.
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