Statement of Comprehensive Income
for the period ended 30 June 2013
 
 
 
 
 
2013
 
2012
 
Notes
$'000
 
$'000
EXPENSES
 
Employee benefits
3A
454,595
 
443,703
Supplier
3B
465,592
 
477,800
Grants
3C
3,632
 
3,221
Depreciation and amortisation
3D
112,448
 
91,587
Finance costs
3E
1,786
 
2,620
Write-down and impairment of assets
3F
1,720
 
1,194
Foreign exchange losses
3G
5,072
 
2,051
Losses from asset sales
3H
8,259
 
6,091
Other expenses
3I
78
 
70
Total expenses
1,053,182
 
1,028,337
 
 
LESS:
 
OWN-SOURCE INCOME
 
Own-source revenue
 
Sale of goods and rendering of services
4A
108,283
 
118,899
Other revenue
4B
10,304
 
9,905
Total own-source revenue
118,587
 
128,804
 
 
Gains
 
Reversals of Previous Asset Write-Downs and Impairments
4C
-
 
16,691
Other
4D
460
 
6,409
Total gains
460
 
23,100
Total own-source income
119,047
 
151,904
 
 
Net cost of (contribution by) services
934,135
 
876,433
 
 
Revenue from Government
4E
885,748
 
821,534
Surplus (Deficit) on continuing operations
(48,387)
 
(54,899)
 
 
Surplus (Deficit) attributable to the Australian Government
(48,387)
 
(54,899)
 
 
OTHER COMPREHENSIVE INCOME
 
Changes in asset revaluation reserves
264,235
 
63,001
Total other comprehensive income
264,235
 
63,001
 
 
Total comprehensive income (loss)
215,848
 
8,102
 
 
Total comprehensive income (loss) attributable to the Australian Government
215,848
 
8,102
 
 
The above statement should be read in conjunction with the accompanying notes.
 
 

Balance Sheet
as at 30 June 2013
 
 
 
2013
 
2012
 
Notes
$'000
 
$'000
ASSETS
 
Financial Assets
 
Cash and cash equivalents
5A
59,346
 
54,787
Trade and other receivables
5B
988,311
 
943,798
Total financial assets
1,047,657
 
998,585
 
 
Non-Financial Assets
 
Land and buildings
6A,C
2,081,653
 
1,815,282
Infrastructure, plant and equipment
6B,C
147,783
 
151,559
Intangibles
6D,E
69,018
 
57,694
Inventories
6F
31,125
 
41,976
Other
6G
64,723
 
27,046
Total non-financial assets
2,394,302
 
2,093,557
 
 
Assets held for sale
6C
-
 
1,599
Total assets
3,441,959
 
3,093,741
 
 
LIABILITIES
 
Payables
 
Suppliers
7A
79,870
 
76,099
Other
7B
43,417
 
31,547
Total payables
123,287
 
107,646
 
 
Provisions
 
Employee provisions
8A
143,406
 
135,793
Other
8B
19,595
 
26,679
Total provisions
163,001
 
162,472
 
 
Total liabilities
286,288
 
270,118
Net assets
3,155,671
 
2,823,623
 
 
EQUITY
 
Parent Entity Interest
 
Contributed equity
1,957,833
 
1,841,633
Reserves
654,576
 
390,341
Retained surplus (accumulated deficit)
543,262
 
591,649
Total parent entity interest
3,155,671
 
2,823,623
 
 
Total equity
3,155,671
 
2,823,623
 
 
The above statement should be read in conjunction with the accompanying notes.
 
 
Statement of Changes in Equity
for the period ended 30 June 2013
 
 
Retained earnings
Asset revaluation
 reserve
Contributed equity/capital
Total equity
 
2013
2012
2013
2012
2013
2012
2013
2012
 
$'000
$'000
$'000
$'000
$'000
$'000
$'000
$'000
Opening balance
Balance carried forward from previous period
591,649
646,548
390,341
327,340
1,841,633
1,699,238
2,823,623
2,673,126
Adjustment for errors
-
-
-
-
-
-
-
-
Adjustment for changes in accounting policies
-
-
-
-
-
-
-
-
Adjusted opening balance
591,649
646,548
390,341
327,340
1,841,633
1,699,238
2,823,623
2,673,126
 
Comprehensive income
Other comprehensive income
-
-
-
-
-
-
-
-
Revaluation Adjustment
-
-
264,235
63,001
-
-
264,235
63,001
Surplus (Deficit) for the period
(48,387)
(54,899)
-
-
(48,387)
(54,899)
Total comprehensive income
(48,387)
(54,899)
264,235
63,001
-
-
215,848
8,102
 
Transactions with owners
Distributions to owners
Returns on capital:
Dividends
-
-
-
-
-
-
-
-
Returns of capital:
Restructuring
-
-
-
-
-
-
-
-
Other
-
-
-
-
(9,157)
(1,513)
(9,157)
(1,513)
Contributions by owners
Equity injection - Appropriations
-
-
-
-
62,101
70,462
62,101
70,462
Departmental capital budget
-
-
-
-
63,256
73,446
63,256
73,446
Sub-total transactions with owners
-
-
-
-
116,200
142,395
116,200
142,395
Transfers between equity components
-
-
-
-
-
-
-
-
Closing balance attributable to the Australian Government
543,262
591,649
654,576
390,341
1,957,833
1,841,633
3,155,671
2,823,623
 
The above statement should be read in conjunction with the accompanying notes.
 
Cash Flow Statement
for the period ended 30 June 2013
 
 
2013
 
2012
 
Notes
$'000
 
$'000
 
 
OPERATING ACTIVITIES
 
Cash received
 
Appropriations
970,421
 
936,383
Sales of goods and rendering of services
117,347
 
143,141
Net GST received
32,693
 
29,895
Total cash received
1,120,461
 
1,109,419
 
 
Cash used
 
Employees
445,099
 
429,590
Suppliers
518,131
 
517,326
Cash transferred to OPA
110,787
 
159,224
Other
2,699
 
3,222
Total cash used
1,076,716
 
1,109,362
Net cash from (used by) operating activities
9
43,745
 
57
 
 
INVESTING ACTIVITIES
 
Cash received
 
Proceeds from sales of property, plant and equipment
2,254
 
1,403
Total cash received
2,254
 
1,403
 
 
Cash used
 
Purchase of property, plant and equipment
123,133
 
101,097
Purchase of intangibles
7,942
 
10,191
Total cash used
131,075
 
111,288
Net cash from (used by) investing activities
(128,821)
 
(109,885)
 
 
FINANCING ACTIVITIES
 
Cash received
 
Contributed equity
96,124
 
110,020
Total cash received
96,124
 
110,020
 
 
Cash used
 
Returns of Contributed Equity
1,417
 
1,513
Other
-
 
1
Total cash used
1,417
 
1,514
Net cash from (used by) financing activities
94,707
 
108,506
 
 
Net increase (decrease) in cash held
9,631
 
(1,322)
Cash and cash equivalents at the beginning of the reporting period
54,787
 
58,160
Effect of exchange rate movements on cash and cash equivalents at the beginning of the reporting period
(5,072)
 
(2,051)
Cash and cash equivalents at the end of the reporting period
5A
59,346
 
54,787
 
 
The above statement should be read in conjunction with the accompanying notes.
 

Schedule of Commitments
as at 30 June 2013
 
 
2013
 
2012
BY TYPE
$'000
 
$'000
Commitments receivable
 
Sublease rental income
(178,172)
 
(126,129)
Net GST recoverable on commitments1
(58,459)
 
(25,507)
Total commitments receivable
(236,631)
 
(151,636)
 
 
Commitments payable
 
Capital commitments
 
Infrastructure, plant and equipment
233,201
 
27,817
Total capital commitments
233,201
 
27,817
 
 
Other commitments
 
Operating leases2
771,424
 
389,912
Other3
581,597
 
164,333
Total other commitments
1,353,021
 
554,245
Total commitments payable
1,586,222
 
582,062
Net commitments by type
1,349,591
 
430,426
 
 
BY MATURITY
 
Commitments receivable
 
Operating lease income
 
One year or less
(47,065)
 
(37,153)
From one to five years
(116,790)
 
(75,786)
Over five years
(14,317)
 
(13,190)
Total operating lease income
(178,172)
 
(126,129)
 
 
GST commitments receivable1
 
One year or less
(13,594)
 
(8,942)
From one to five years
(14,031)
 
(15,919)
Over five years
(30,834)
 
(646)
Total other commitments receivable
(58,459)
 
(25,507)
Total commitments receivable
(236,631)
 
(151,636)
 
 
Commitments payable
 
Capital commitments
 
One year or less
101,558
 
12,956
From one to five years
131,483
 
14,861
Over five years
160
 
-
Total capital commitments
233,201
 
27,817
 
 
Operating lease commitments
 
One year or less
111,482
 
98,097
From one to five years
264,083
 
228,776
Over five years
395,859
 
63,039
Total operating lease commitments
771,424
 
389,912
 
 
Other Commitments
 
One year or less
191,843
 
81,878
From one to five years
223,091
 
82,455
Over five years
166,663
 
-
Total other commitments
581,597
 
164,333
Total commitments payable
1,586,222
 
582,062
 
 
Net commitments by maturity
1,349,591
 
430,426
 
 
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 passport, property 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 2013
 
 
 
2013
 
2012
 
$'000
 
$'000
Contingent assets
 
Guarantees
-
 
-
Indemnities
-
 
-
Claims for damages or costs
-
 
-
Total contingent assets
-
 
-
 
 
Contingent liabilities
 
Guarantees
129
 
114
Indemnities
-
 
-
Claims for damages or costs
726
 
397
Total contingent liabilities
855
 
511
Net contingent assets (liabilities)
(855)
 
(511)
 
 
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.
 
There are a number of matters involving locally engaged staff disputes over local labour laws that may result in a potential liability. However, these amounts are expected to be recovered through Comcover.
 
The above schedule should be read in conjunction with the accompanying notes.
 
Administered Schedule of Comprehensive Income
for the period ended 30 June 2013
 
 
 
2013
 
2012
 
Notes
$'000
 
$'000
 
 
EXPENSES
 
Employee benefits
15A
5,218
 
5,479
Suppliers
15B
23,120
 
28,968
Grants and contributions
15C
232,421
 
231,011
Write-down and impairment of assets
15D
135
 
4
Foreign exchange losses
15E
3,617
 
1,846
Other expenses
15F
13,806
 
12,242
Total expenses administered on behalf of Government
278,317
 
279,550
 
 
LESS:
 
OWN-SOURCE INCOME
 
Own-source revenue
 
Non-taxation revenue
 
Sale of goods and rendering of services
16A
363,991
 
357,126
Interest
16B
3,959
 
4,678
Dividends
16C
226,839
 
30,194
Other revenue
16D
36,904
 
41,414
Total own-source income
631,693
 
433,412
 
 
Gains
 
Foreign exchange
-
 
-
Total gains administered on behalf of Government
-
 
-
Total income administered on behalf of Government
631,693
 
433,412
 
 
Net cost of (contribution by) services
353,376
 
153,862
 
 
OTHER COMPREHENSIVE INCOME
 
Actuarial gains/losses on defined benefit plans
(5,133)
 
(6,155)
Movement in the carrying amount of investments accounted for using the equity method
(201,823)
 
9,981
Total other comprehensive income
(206,956)
 
3,826
 
 
Total comprehensive income (loss)
146,420
 
157,688
 
 
The above schedule should be read in conjunction with the accompanying notes.
 

Administered Schedule of Assets and Liabilities
as at 30 June 2013
 
 
   
2013
 
2012
 
Notes
$'000
 
$'000
ASSETS
 
Financial assets
 
Cash and cash equivalents
17A
134
 
191
Trade and other receivables
17B
3,174
 
33,647
Investments accounted for using the equity method
17C
216,240
 
418,063
Total financial assets
219,548
 
451,901
 
 
Non-financial assets
 
Prepayments
18A
-
 
1,650
Total non-financial assets
-
 
1,650
 
 
Total assets administered on behalf of Government
219,548
 
453,551
 
 
LIABILITIES
 
Payables
 
Suppliers
19A
300
 
1,242
Other payables
19B
59,982
 
59,710
Total payables
60,282
 
60,952
 
 
Total liabilities administered on behalf of Government
60,282
 
60,952
 
 
Net assets/(liabilities)
159,266
 
392,599
 
 
The above schedule should be read in conjunction with the accompanying notes.
 

Administered Reconciliation Schedule
 
 
 
2013
 
2012
 
$'000
 
$'000
Opening administered assets less administered liabilities as at 1 July
392,599
 
349,810
Surplus (deficit) items:
 
Plus: Administered income
631,693
 
433,412
Less: Administered expenses (non CAC)
(278,317)
 
(279,550)
Other comprehensive income:
 
Movement in the carrying amount of investments
(201,823)
 
9,981
Actuarial gains/losses on defined benefit plans
(5,133)
 
(6,155)
Administered transfers to/from Australian Government:
 
Appropriation transfers from OPA:
 
Annual appropriations for administered expenses (non CAC)
250,026
 
247,699
Administered assets and liabilities appropriations
7,989
 
8,085
Special appropriations (unlimited) (non CAC)
888
 
953
Transfers to OPA
(638,656)
 
(371,636)
Closing administered assets less administered liabilities as at 30 June
159,266
 
392,599
 
 

Administered Cash Flow Statement
for the period ended 30 June 2013
 
 
 
2013
 
2012
 
Notes
$'000
 
$'000
 
 
OPERATING ACTIVITIES
 
Cash received
 
Sales of goods and rendering of services
362,190
 
354,398
Interest
92
 
109
Dividends
257,033
 
-
NIA subsidies, premiums and recoveries
20,125
 
22,507
North American Pension Scheme receipts and Other
688
 
672
Net GST received
2,760
 
2,129
Total cash received
642,888
 
379,815
 
 
Cash used
 
Grant and Contributions
222,565
 
218,918
Employees
215
 
890
Personal benefits
1,939
 
1,737
Suppliers
24,647
 
30,882
NIA Expenses
12,786
 
5,765
Other
1,040
 
9,061
Total cash used
263,192
 
267,253
Net cash flows from (used by) operating activities
379,696
 
112,562
 
 
Net increase (decrease) in Cash Held
379,696
 
112,562
 
 
Cash and cash equivalents at the beginning of the reporting period
191
 
2,528
Cash from Official Public Account for:
 
-Appropriations
258,903
 
256,737
 
 
Cash to Official Public Account for:
 
- Other
(638,656)
 
(371,636)
 
 
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
134
 
191
 
 
This schedule should be read in conjunction with the accompanying notes.
 
 

Schedule of Administered Commitments
as at 30 June 2013
 
 
 
2013
 
2012
 
$'000
 
$'000
 
 
BY TYPE
 
Commitments receivable
 
Net GST recoverable on commitments
(20,319)
 
(84)
Total commitments receivable
(20,319)
 
(84)
 
 
Commitments payable
 
Other commitments
 
Other 1
274,986
 
60,438
Total other commitments
274,986
 
60,438
 
 
Net commitments by type
254,667
 
60,354
 
 
BY MATURITY
 
Commitments receivable
 
One year or less
(2,080)
 
(84)
From one to five years
(8,741)
 
-
Over five years
(9,498)
 
-
Total other commitments receivable
(20,319)
 
(84)
 
 
Commitments payable
 
Other commitments
 
One year or less
32,245
 
10,048
From one to five years
138,260
 
42,283
Over five years
104,481
 
8,107
Total other commitments
274,986
 
60,438
 
 
Total commitments payable
274,986
 
60,438
Net commitments by maturity
254,667
 
60,354
NB: Commitments are GST inclusive where relevant.
 
 
 
1 Other commitments represents: 1) the Australian Government's contract with the ABC for the Australia Network Service; and 2) the Australian Government's contract with EFIC for the 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 2013
 
 
 
2013
 
2012
 
$'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.