Schedules of commitments, contingencies, asset additions and administered items
Schedule of Commitments
as at 30 June 2012
2012 |
2011 |
|
|---|---|---|
BY TYPE |
$’000 |
$’000 |
Commitments receivable |
||
Sublease rental income |
(126,129) |
(123,005) |
Net GST recoverable on commitments1 |
(25,507) |
(23,565) |
Total commitments receivable |
(151,636) |
(146,570) |
Commitments payable |
||
Capital commitments |
||
Infrastructure, plant and equipment |
27,817 |
47,489 |
Total capital commitments |
27,817 |
47,489 |
Other commitments |
||
Operating leases2 |
389,912 |
382,304 |
Other3 |
164,333 |
249,084 |
Total other commitments |
554,245 |
631,388 |
Total commitments payable |
582,062 |
678,877 |
Net commitments by type |
430,426 |
532,307 |
BY MATURITY |
||
Commitments receivable |
||
Operating lease income |
||
One year or less |
(37,153) |
(26,878) |
From one to five years |
(75,786) |
(62,100) |
Over five years |
(13,190) |
(34,027) |
Total operating lease income |
(126,129) |
(123,005) |
GST commitments receivable1 |
||
One year or less |
(8,942) |
(11,438) |
From one to five years |
(15,919) |
(11,877) |
Over five years |
(646) |
(250) |
Total other commitments receivable |
(25,507) |
(23,565) |
Total commitments receivable |
(151,636) |
(146,570) |
Commitments payable |
||
Capital commitments |
||
One year or less |
12,956 |
30,576 |
From one to five years |
14,861 |
16,914 |
Over five years |
- |
- |
Total capital commitments |
27,817 |
47,490 |
Operating lease commitments |
||
One year or less |
98,097 |
118,985 |
From one to five years |
228,776 |
179,514 |
Over five years |
63,039 |
83,805 |
Total operating lease commitments |
389,912 |
382,304 |
Other Commitments |
||
One year or less |
81,878 |
121,938 |
From one to five years |
82,455 |
125,628 |
Over five years |
- |
1,517 |
Total other commitments |
164,333 |
249,083 |
Total commitments payable |
582,062 |
678,877 |
Net commitments by maturity |
430,426 |
532,307 |
Note: |
||
1 Commitments are GST inclusive where relevant. |
||
2 Operating leases included are effectively non-cancellable and comprise: |
||
Property leases for residential, compound and chancery properties at overseas posts and office property in Canberra and all state offices in Australia |
||
The leased estate consists of properties leased by the Department from private landlords. The terms and conditions of these leases overseas are negotiated at post and vary based on local market conditions. |
||
Agreements for the provision of motor vehicles to senior executive officers |
||
No contingent rentals exist. There are no renewal or purchase options available to the Department. |
||
Leases for computer equipment |
||
The lessor typically provides all computer equipment and software as necessary in the supply contract for 3 years, with instalments paid quarterly. |
||
Leases for office equipment |
||
All overseas lease terms and conditions are negotiated at posts and vary based on local market conditions. |
||
3 Includes passports, property and maintenance, IT services and security services contracts. |
||
This schedule should be read in conjunction with the accompanying notes. |
||
Schedule of Contingencies
as at 30 June 2012
2012 |
2011 |
|
|---|---|---|
$’000 |
$’000 |
|
Contingent assets |
||
Guarantees |
- |
- |
Indemnities |
- |
- |
Claims for damages or costs |
- |
12 |
Total contingent assets |
- |
12 |
Contingent liabilities |
||
Guarantees |
114 |
125 |
Indemnities |
- |
- |
Claims for damages or costs |
397 |
541 |
Total contingent liabilities |
511 |
666 |
Net contingent assets (liabilities) |
(511) |
(654) |
Details of each class of contingent liabilities and contingent assets listed above are disclosed in Note 10: Contingent Liabilities and Assets, along with information on significant remote contingencies and contingencies that cannot be quantified. |
||
The above schedule should be read in conjunction with the accompanying notes. |
||
Administered Schedule of Comprehensive Income
for the period ended 30 June 2012
2012 |
2011 |
||
|---|---|---|---|
Notes |
$’000 |
$’000 |
|
EXPENSES |
|||
Employee benefits |
15A |
5,479 |
5,213 |
Suppliers |
15B |
28,968 |
21,929 |
Grants and contributions |
15C |
231,011 |
244,075 |
Write-down and impairment of assets |
15D |
4 |
48 |
Foreign exchange losses |
15E |
1,846 |
- |
Other expenses |
15F |
12,242 |
14,693 |
Total expenses administered on behalf of Government |
279,550 |
285,958 |
|
LESS: |
|||
OWN-SOURCE INCOME |
|||
Own-source revenue |
|||
Non-taxation revenue |
|||
Sale of goods and rendering of services |
16A |
357,126 |
348,603 |
Interest |
16B |
4,678 |
5,251 |
Dividends |
16C |
30,194 |
28,708 |
Other revenue |
16D |
41,414 |
29,373 |
Total own-source income |
433,412 |
411,935 |
|
Gains |
|||
Foreign exchange |
16E |
- |
9,081 |
Total gains administered on behalf of Government |
- |
9,081 |
|
Total income administered on behalf of Government |
433,412 |
421,016 |
|
Net cost of (contribution by) services |
153,862 |
135,058 |
|
OTHER COMPREHENSIVE INCOME |
|||
Actuarial gains/losses on defined benefit plans |
(6,155) |
28 |
|
Movement in the carrying amount of investments accounted for using the equity method |
9,981 |
476 |
|
Total other comprehensive income |
3,826 |
504 |
|
Total comprehensive income (loss) |
157,688 |
135,562 |
|
The above schedule should be read in conjunction with the accompanying notes. |
|||
Administered Schedule of Assets and Liabilities
as at 30 June 2012
2012 |
2011 |
||
|---|---|---|---|
Notes |
$’000 |
$’000 |
|
ASSETS |
|||
Financial assets |
|||
Cash and cash equivalents |
17A |
191 |
2,528 |
Trade and other receivables |
17B |
33,647 |
2,566 |
Investments accounted for using the equity method |
17C |
418,063 |
408,082 |
Total financial assets |
451,901 |
413,176 |
|
Non-financial assets |
|||
Prepayments |
18A |
1,650 |
1,613 |
Total non-financial assets |
1,650 |
1,613 |
|
Total assets administered on behalf of Government |
453,551 |
414,789 |
|
LIABILITIES |
|||
Payables |
|||
Suppliers |
19A |
1,242 |
332 |
Other payables |
19B |
59,710 |
64,647 |
Total payables |
60,952 |
64,979 |
|
Total liabilities administered on behalf of Government |
60,952 |
64,979 |
|
Net assets/(liabilities) |
392,599 |
349,810 |
|
The above schedule should be read in conjunction with the accompanying notes. |
|||
Administered Reconciliation Schedule
2012 |
2011 |
|
|---|---|---|
$’000 |
$’000 |
|
Opening administered assets less administered liabilities as at 1 July |
349,810 |
313,542 |
Surplus (deficit) items: |
||
Plus: Administered income |
433,412 |
421,016 |
Less: Administered expenses (non CAC) |
(279,550) |
(285,958) |
Other comprehensive income: |
||
Movement in the carrying amount of investments |
9,981 |
476 |
Actuarial gains/losses on defined benefit plans |
(6,155) |
28 |
Administered transfers to/from Australian Government: |
||
Appropriation transfers from OPA: |
||
Annual appropriations for administered expenses (non CAC) |
247,699 |
281,444 |
Administered assets and liabilities appropriations |
8,085 |
7,453 |
Special appropriations (unlimited) (non CAC) |
953 |
838 |
Transfers to OPA |
(371,636) |
(389,029) |
Closing administered assets less administered liabilities as at 30 June |
392,599 |
349,810 |
Administered Cash Flow Statement
for the period ended 30 June 2012
2012 |
2011 |
||
|---|---|---|---|
Notes |
$’000 |
$’000 |
|
OPERATING ACTIVITIES |
|||
Cash received |
|||
Sales of goods and rendering of services |
354,398 |
350,163 |
|
Interest |
109 |
99 |
|
Dividends |
- |
28,708 |
|
NIA subsidies, premiums and recoveries |
22,507 |
5,173 |
|
North American Pension Scheme receipts and Other |
672 |
5,975 |
|
Net GST received |
2,129 |
3,740 |
|
Total cash received |
379,815 |
393,858 |
|
Cash used |
|||
Grant and Contributions |
218,918 |
248,959 |
|
Employees |
890 |
936 |
|
Personal benefits |
1,737 |
2,386 |
|
Suppliers |
30,882 |
31,057 |
|
NIA Expenses |
5,765 |
6,683 |
|
Other |
9,061 |
8,391 |
|
Total cash used |
267,253 |
298,412 |
|
Net cash flows from (used by) operating activities |
112,562 |
95,446 |
|
Net increase (decrease) in Cash Held |
112,562 |
95,446 |
|
Cash and cash equivalents at the beginning of the reporting period |
2,528 |
6,376 |
|
Cash from Official Public Account for: |
|||
|
-Appropriations |
256,737 |
289,735 |
|
Cash to Official Public Account for: |
|||
|
- Other |
(371,636) |
(389,029) |
|
Effect of exchange rate movements on cash and cash equivalents at the beginning of the reporting period |
- |
- |
|
Cash and cash equivalents at the end of the reporting period |
17A |
191 |
2,528 |
This schedule should be read in conjunction with the accompanying notes. |
|||
Schedule of Administered Commitments
as at 30 June 2012
2012 |
2011 |
|
|---|---|---|
$’000 |
$’000 |
|
BY TYPE |
||
Commitments receivable |
||
Net GST recoverable on commitments |
(84) |
(990) |
Total commitments receivable |
(84) |
(990) |
Commitments payable |
||
Other commitments |
||
Other 1 |
60,438 |
78,439 |
Total other commitments |
60,438 |
78,439 |
Net commitments by type |
60,354 |
77,449 |
BY MATURITY |
||
Commitments receivable |
||
One year or less |
(84) |
(990) |
From one to five years |
- |
- |
Over five years |
- |
- |
Total other commitments receivable |
(84) |
(990) |
Commitments payable |
||
Other commitments |
||
One year or less |
10,048 |
23,392 |
From one to five years |
42,283 |
55,047 |
Over five years |
8,107 |
- |
Total other commitments |
60,438 |
78,439 |
Total commitments payable |
60,438 |
78,439 |
Net commitments by maturity |
60,354 |
77,449 |
NB: Commitments are GST inclusive where relevant. |
||
1Other commitments represents 1) contracts entered into by the Department for participation in the International Exposition 2012 Yeosu, Republic of Korea and 2) the Australian Government's contract with EFIC for Debt to Health Swap agreement. |
||
The above schedule should be read in conjunction with the accompanying notes. |
||
Schedule of Administered Contingencies
as at 30 June 2012
2012 |
2011 |
|
|---|---|---|
$’000 |
$’000 |
|
Administered contingent assets |
Nil |
Nil |
Administered contingent liabilities |
Nil |
Nil |
Net administered contingent assets (liabilities) |
- |
- |
Note 21: Administered Contingent Assets and Liabilities, provides detailed information on significant remote contingencies and contingencies that cannot be quantified. |
||
This should be read in conjunction with the accompanying notes. |
||
Statement of Activities Administered on Behalf of Government |
||
The major administered activities of the Department are directed towards achieving the outcomes described in Note 1 to the Financial Statements. The major financial activities are the collection of passport fees and interest or premiums on the National Interest Account. Details of planned activities for the year can be found in the Department's Portfolio Budget and Portfolio Additional Estimates Statements. |
||