Part 4: Financial Statements – HTML version
DEPARTMENT OF FAMILY AND COMMUNITY SERVICES
SCHEDULE OF ADMINISTERED ITEMS
| Notes | 2004 $'000 |
2003 $'000 |
|
|---|---|---|---|
| Revenues Administered on Behalf of Government for the year ended 30 June 2004 |
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| Non-taxation revenue | |||
| Interest | 19 | 372 | 343 |
| Other revenue | 19 | 997,829 | 1,109,287 |
| Total Revenues Administered on Behalf of Government | 998,201 | 1,109,630 | |
| Expenses Administered on Behalf of Government for the year ended 30 June 2004 |
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| Grants | 20 | 2,544,872 | 2,525,248 |
| Subsidies | 20 | 13,081 | 11,705 |
| Personal benefits - indirect | 20 | 36,574 | 27,703 |
| Personal benefits - direct | 20 | 61,480,603 | 53,802,290 |
| Suppliers | 20 | 53,017 | 50,819 |
| Write-down and impairment of assets | 20 | 127,951 | 430,998 |
| Interest | 20 | 42,857 | 47,958 |
| Other expenses | 20 | 893,546 | 753,796 |
| Total Expenses Administered on Behalf of Government | 65,192,501 | 57,650,517 |
The above statement should be read in conjunction with the accompanying notes.
| Notes | 2004 $'000 |
2003 $'000 |
|
|---|---|---|---|
| Assets Administered on Behalf of Government as at 30 June 2004 |
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| Financial assets | |||
| Cash | 21 | 2,016 | 2,224 |
| Receivables | 21 | 2,465,834 | 2,275,092 |
| Investments | 21 | 905 | 905 |
| Total financial assets | 2,468,755 | 2,278,221 | |
| Non-financial assets | |||
| Prepaid Grants | 21 | 87 | 413 |
| Other Non-financial assets | 21 | - | 124 |
| Total non-financial assets | 87 | 537 | |
| Total Assets Administered on Behalf of Government | 2,468,842 | 2,278,758 | |
| Liabilities Administered on Behalf of Government as at 30 June 2004 |
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| Interest bearing liabilities | |||
| Loans | 22 | 574,521 | 734,520 |
| Total interest bearing liabilities | 574,521 | 734,520 | |
| Payables | |||
| Personal Benefits payable | 22 | 4,081,504 | 1,391,216 |
| Grants & Subsidies | 22 | 17,110 | 22,519 |
| Child support liability | 22 | 113,665 | 100,330 |
| Other payables | 22 | 16,945 | 153,095 |
| Total payables | 4,229,224 | 1,667,160 | |
| Total Liabilities Administered on Behalf of Government | 4,803,745 | 2,401,680 | |
| Net Assets Administered on Behalf of Government | 23 | (2,334,903) | (122,922) |
| Current assets | 528,277 | 524,864 | |
| Non-current assets | 1,940,565 | 1,753,894 | |
| Current liabilities | 4,139,651 | 1,877,379 | |
| Non-current liabilities | 664,094 | 524,301 |
The above statement should be read in conjunction with the accompanying notes.
| 2004 $'000 |
2003 $'000 |
|
|---|---|---|
|
Administered Cash Flows |
||
| Operating Activities | ||
| Cash received | ||
| Interest | 330 | 251 |
| Reciprocal agreement with New Zealand | 92,812 | 111,442 |
| GST received from ATO | 72,019 | 76,139 |
| Child support receipts | 698,988 | 682,530 |
| Other | 219,763 | 292,714 |
| Total cash received | 1,083,912 | 1,163,076 |
| Cash used | ||
| Grant payments | 2,553,430 | 2,556,046 |
| Subsidies paid | 12,873 | 11,310 |
| Personal benefits | 59,294,400 | 54,509,318 |
| Child support payments | 746,770 | 747,260 |
| GST paid to ATO | - | 473 |
| Other | 309,879 | 106,199 |
| Total cash used | 62,917,352 | 57,930,606 |
| Net cash from / (used in) operating activities | (61,833,440) | (56,767,530) |
| Investing Activities | ||
| Cash received | ||
| Other | 303 | 757 |
| Total cash received | 303 | 757 |
| Cash used | ||
| Other | - | 117 |
| Total cash used | - | 117 |
| Net cash from / (used in) investing activities | 303 | 640 |
| Financing Activities | ||
| Cash received | ||
| Repayment of Student Financial Supplement Scheme Loans | 56,091 | 58,892 |
| GST Appropriations | 73,198 | 69,294 |
| Total cash received | 129,289 | 128,186 |
| Cash used | ||
| Student Financial Supplement Scheme - Buyback | 208,935 | 232,049 |
| Return of GST appropriations to the OPA | 66,039 | 73,878 |
| Total cash used | 274,974 | 305,927 |
| Net cash from / (used in) financing activities | (145,685) | (177,741) |
| Net increase / (decrease) in cash held | (61,978,822) | (56,944,631) |
| Cash at the beginning of the reporting period | 2,224 | 5,254 |
| Cash from Official Public Account for: | ||
| - Appropriations | 62,628,164 | 58,234,188 |
| - Special accounts | 764,149 | 3,613 |
| [Total] | 63,392,313 | 58,237,801 |
| Cash to Official Public Account for: | ||
| - Special accounts | (765,056) | (633,382) |
| - Other | (648,643) | (662,818) |
| [Total] | (1,413,699) | (1,296,200) |
| Cash at the end of the reporting period | 2,016 | 2,224 |
The above statement should be read in conjunction with the accompanying notes.
| Notes | 2004 $'000 |
2003 $'000 |
|
|---|---|---|---|
| Administered Commitments as at 30 June 2004 |
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| BY TYPE | |||
| Other commitments | |||
| Other commitments1 | 5,658,309 | 5,425,056 | |
| Total other commitments | 5,658,309 | 5,425,056 | |
| Commitments receivable | (527,083) | (28,386) | |
| Net administered commitments | 5,131,226 | 5,396,670 | |
| BY MATURITY | |||
| All net commitments | |||
| One year or less | 1,995,055 | 1,280,876 | |
| From one to five years | 3,302,390 | 4,115,774 | |
| Over five years | (166,219) | 20 | |
| Net administered commitments by maturity | 5,131,226 | 5,396,670 |
NB: All commitments are GST inclusive where relevant.
1 Other commitments relate mainly to grant amounts payable under agreements in respect of which the grantee has yet to provide the service as required under the agreement.
The above statement should be read in conjunction with the accompanying notes.
| Notes | 2004 $'000 |
2003 $'000 |
|
|---|---|---|---|
| Administered Contingencies as at 30 June 2004 |
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| Administered contingent liabilities | |||
| Claims for damages/costs | 24 | 97 | - |
| Total administered contingent liabilities | 97 | - | |
| Administered contingent assets | - | - | |
| Total administered contingent assets | - | - | |
| Net contingent liabilities / (assets) | 97 | - |
Unquantifiable and remote contingencies are disclosed in Note 24: Administered Contingent Liabilities.
Statement of Activities Administered on Behalf of Government
The major administered activities of the Department are directed towards achieving the three outcomes described in Note 1 of the Financial Statements. The major financial activity is the payment of benefit entitlements under the Social Security Act and A New Tax System (ANTS) Act as well as the delivery of grant and subsidy programmes.
Details of planned activities for the year can be found in the Department's Portfolio Budget and Portfolio Additional Estimates Statements for 2003–04, which have been tabled in Parliament.
This schedule should be read in conjunction with the accompanying notes.