FAMILY COURT AND FEDERAL CIRCUIT COURT

Size: px
Start display at page:

Download "FAMILY COURT AND FEDERAL CIRCUIT COURT"

Transcription

1 FAMILY COURT AND FEDERAL CIRCUIT COURT Section 1: Agency overview and resources 1.1 STRATEGIC DIRECTION STATEMENT The contribution of the Family Court and Federal Circuit Court to the government s agenda is reflected in the agency s outcome: Provide access to justice for litigants in family and federal law matters within the jurisdiction of the courts through the provision of judicial and support services. There are four areas of focus to assist the agency to achieve its stated purpose: maintaining an environment that enables judicial officers to make determinations provision of effective and efficient registry services effective and efficient management of resources effective information and communication technologies. Family Court of Australia The Family Court of Australia, through its specialist judges and staff, helps Australians to resolve their most complex family disputes. The purpose of the Family Court, as Australia s superior court in family law, is to: determine cases with the most complex law, facts and parties cover specialised areas in family law provide national coverage as the appellate court in family law matters. Federal Circuit Court of Australia The Federal Circuit Court of Australia provides a simpler and more accessible alternative to litigation in the Family Court of Australia and the Federal Court of Australia and helps to relieve the workload of the superior federal courts. The provisions of the Federal Circuit Court of Australia Act 1999 enable the Federal Circuit Court to operate as informally as possible in the exercise of judicial powers, use streamlined procedures and make use of a range of dispute resolution processes to resolve matters without judicial decisions. The Federal Circuit Court deals with a high volume of matters and delivers services to regional Australia through its regular circuit court programme. Its jurisdiction includes family law and child support, administrative law, bankruptcy, unlawful discrimination, consumer protection law, privacy law, migration law, trade practices law, trade mark and design, and workplace relations law. 311

2 Budgetary pressures Over recent years, and in response to the emerging challenging financial position, the courts have separately, and as a combined entity, undertaken significant initiatives to reduce costs and generate efficiencies; however, there are still significant financial pressures upon the Family Court and Federal Circuit Court. The courts are committed, along with the government, to continue to examine and implement opportunities within the courts to address these pressures. This includes the courts comprehensively examining options available to transform their operations while still considering access to justice, courts excellence, impacts of family violence, and e-lodgement reforms. Strategic initiatives Each court has its own case management process and is intent on meeting standards for the timely disposal of cases and publication of judgements, ensuring a high quality of adjudication of cases. The following strategic initiatives will be pursued to advance the Family Court and Federal Circuit Court s outcome. International Framework for Court Excellence The International Framework for Court Excellence, developed by the International Consortium for Court Excellence, provides courts with a model for assessing performance, provides principles to guide courts in improving their performance, and provides a process for achieving excellence ( The Family Court of Australia and the Federal Circuit Court of Australia are each active participants in this international framework and will continue to independently focus efforts on integrated initiatives with regard to: management and leadership planning and policy human, material and financial resource management court processes and proceedings client needs and court user satisfaction affordable and accessible court services public trust and confidence. The courts have each independently undertaken an internal review (a self-assessment under the framework) to identify areas of strength in the above strategic areas. The courts are examining the data to identify reforms to ensure continuing international best practice. Consideration is being given to a further external user satisfaction survey to assess court users views of the courts operational services to the public and legal profession. 312

3 Access and inclusion framework for registry services The Family Court and Federal Circuit Court will continue to develop and implement the access and inclusion framework. The framework is focused specifically on the administration arm of the court. It not only provides a guide for preparing individual access to justice plans for specific client groups but also includes a strategic perspective looking at the links, approaches, synergies and principles that guide access to justice as a whole. The access and inclusion framework aims to: deliver consistency between the plans listed below ensure that any synergies in implementation are identified and exploited facilitate the sharing of information provide for the simple and consistent monitoring of implementation identify and address any systemic issues or risks that may prevent successful achievement of access and inclusion outcomes. The current suite of plans under the framework are: Multicultural Plan Family Violence Plan Reconciliation Action Plan Disability Action Plan Mental Health Support Plan. Where the individual plans commit the administrative arm of the courts to specific actions for particular client groups, the framework acknowledges that to improve access to justice for all clients, the courts must: acknowledge that most individuals do not neatly fit into a single client group, and therefore a flexible model of service delivery is required that tailors the courts service offering to the needs of each individual develop the basic infrastructure needed to support staff in the delivery of accessible services (information technology, training, performance development and more) be outward-looking; that is, seek opportunities to: learn from community groups and other organisations about barriers to justice play a role in linking clients to community organisations that can provide support services. The framework is based on the premise that access to justice begins well before a client has their first court event, and a client s capacity to participate in court processes is 313

4 significantly influenced by the quality of information and level of administrative and judicial support they receive. The framework acknowledges the financial position of the Family Court and Federal Circuit Court and all plans proposed under the framework will be implemented within current budgetary constraints. Enhancing service to court users through information technology The courts are continuously seeking to enhance access to justice and to provide meaningful information necessary to advance litigation in the courts via their information technology systems. The courts IT strategies include being attentive to the needs of those who live in regional Australia, may have limited means, do not have legal representation, and may be disadvantaged as a result of violence or language or some other barrier to justice. Strategic initiatives to advance this effort will include: ongoing improvement to the Commonwealth Courts Portal ( launched in 2007, the portal remains the primary tool for achieving e-service reforms, providing free web-based access to information about cases major Casetrack enhancement Casetrack is the courts case management system. A major enhancement is currently underway to improve its useability. The changes will introduce new and updated functionality, including a modern browser-based technology that provides a simplified approach to managing the work done in chambers and in other areas of the courts operations. The first new module was implemented in March These changes will also assist the courts in moving to the Electronic Court File. Heads of Jurisdiction cooperation The Heads of Jurisdiction (Family Court, Federal Circuit Court and Federal Court) with the respective chief executive officers will continue to meet at the Heads of Jurisdiction Consultative Committee to encourage greater administrative cooperation among the three courts and to improve the overall effectiveness and efficiency of the existing resources of the three courts. The Heads of Jurisdiction Consultative Committee will: discuss, and provide structure to and oversight of, the existing informal arrangements in place establish, monitor and prioritise projects in the joint corporate services areas report on progress of projects to the Attorney-General and in each respective court s annual report. 314

5 1.2 AGENCY RESOURCE STATEMENT 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: Agency resource statement Budget estimates for as at Budget May 2014 Estimate of prior year Actual amounts + Proposed = Total available available in at Budget estimate appropriation $ 000 $ 000 $ 000 $ 000 ORDINARY ANNUAL SERVICES 1 Departmental appropriation Prior year departmental appropriation 2 29,837 29,837 6,941 Departmental appropriation 3 156, , ,778 s 31 relevant agency receipts 4 1,440 1,440 1,700 Total 29, , , ,419 Administered expenses Outcome Total Total ordinary annual services 29, , , ,293 Total available annual appropriations 29, , , ,293 SPECIAL ACCOUNTS 5 Opening balance Appropriation receipts Total special accounts Total net resourcing for agency 29, , , ,293 All figures are GST exclusive. 1. Appropriation Bill (No. 1) Estimated adjusted balance carried forward from previous year. 3. Includes an amount of $7.200m in for the departmental capital budget (see Table for further details). For accounting purposes this amount has been designated as contributions by owners. 4. Section 31 relevant agency receipts estimate. 5. The estimated opening balance and budgeted appropriation receipts for special accounts exclude money held in trust for litigants. For further details on special accounts, see Table

6 1.3 BUDGET MEASURES Measures announced in the Mid-Year Economic and Fiscal Outlook (MYEFO) and other measures not previously reported in a portfolio statement are summarised in Part 2 of Table 1.2. Table 1.2: Agency Budget measures Part 1: Measures announced since the MYEFO The Family Court and Federal Circuit Court has no new post-myefo measures. Part 2: MYEFO and other measures not previously reported in a portfolio statement Programme Measures Efficiency Dividend a further temporary increase of 0.25 per cent 1.1 Administered expenses (2) (5) (7) (7) Departmental expenses (400) (789) (1,172) (1,181) Total measures (402) (794) (1,179) (1,188) Prepared on a Government Finance Statistics (fiscal) basis. Section 2: Outcomes and planned performance 2.1 OUTCOMES AND PERFORMANCE INFORMATION 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 agencies achieve the intended results of their outcome statements. Agencies are required to identify the programmes that contribute to government outcomes over the budget and forward years. The Family Court and Federal Circuit Court s outcome is described below together with its related programme, specifying the performance indicators and targets used to assess and monitor the performance of the Family Court and Federal Circuit Court in achieving government outcomes. Outcome 1: Provide access to justice for litigants in family and federal law matters within the jurisdiction of the courts through the provision of judicial and support services Outcome 1 strategy The Family Court and Federal Circuit Court s key strategies in achieving Outcome 1 are set out in the strategic direction statement for in section

7 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 Estimated actual Estimated Outcome 1: Provide access to justice for litigants in family and federal law matters within the jurisdiction of the courts through the provision expenses expenses of judicial and support services $ 000 $ 000 Programme 1.1: Family Court and Federal Circuit Court Administered expenses Ordinary annual services (Appropriation Bill No. 1) Expenses not requiring appropriation in the budget year Departmental expenses Departmental appropriation 3 154, ,291 Expenses not requiring appropriation in the budget year 4 49,161 49,328 Total for Outcome 1 204, , Average staffing level (number) Note: Departmental appropriation splits and totals are indicative estimates and may change in the course of the budget year as government priorities change. 1. Ordinary annual services includes appropriation for primary dispute resolution. 2. Expenses not requiring appropriation in the budget year are made up of refund of fees. 3. Departmental appropriation combines Ordinary annual services (Appropriation Bill No. 1) and Revenue from independent sources (s 31). 4. Expenses not requiring appropriation in the budget year are made up of depreciation and amortisation expenses of $10.083m, resources received free of charge of $28.892m, and liabilities assumed by related entities of $10.353m. 317

8 Contributions to Outcome 1 Programme 1.1: Family Court and Federal Circuit Court Programme 1.1 objective The programme objectives are reported separately under each of the programme components. Programme 1.1 expenses Estimated Forward Forward Forward actual Budget estimate estimate estimate Annual administered expenses Administered item Expenses not requiring appropriation in the budget year Annual departmental expenses Family Court of Australia 15,035 15,035 15,035 15,035 15,035 Federal Circuit Court of Australia 26,944 26,944 26,944 26,944 26,944 Family Court and Federal Circuit Court Administration 112, , , , ,129 Expenses not requiring appropriation in the budget year 2 49,161 49,328 49,528 49,550 49,550 Total programme expenses 204, , , , , Expenses not requiring appropriation in the budget year are made up of refund of fees. 2. Expenses not requiring appropriation in the budget year are made up of depreciation and amortisation expenses, resources provided free of charge, and liabilities assumed by related entities. Programme 1.1 deliverables The programme deliverables are reported separately under each of the programme components. Programme 1.1 key performance indicators The programme key performance indicators are reported separately under each of the programme components. 318

9 Component 1.1.1: Family Court of Australia Component objective The Family Court s objective is to support Australian families involved in complex family disputes by deciding matters according to the law, and promptly, courteously and effectively. This involves: the provision of decisions in complex family disputes for separating Australian couples and families through the determination of matters providing national coverage as the appellate court in family law matters. Component expenses Estimated Forward Forward Forward actual Budget estimate estimate estimate Annual administered expenses Expenses not requiring appropriation in the budget year Annual departmental expenses Family Court of Australia 15,035 15,035 15,035 15,035 15,035 Expenses not requiring appropriation in the budget year 2 9,417 9,417 9,417 9,417 9,417 Total programme expenses 24,552 24,552 24,552 24,552 24, Expenses not requiring appropriation in the budget year are made up of refund of fees. 2. Expenses not requiring appropriation in the budget year are made up of liabilities assumed by related entities. Component deliverables The Family Court s deliverables relate to judicial services outputs which are monitored and reviewed on an ongoing basis Estimated Forward Forward Forward Deliverables actual Budget estimate estimate estimate Final order finalisations 2,851 2,822 2,822 2,822 2,822 Interim order finalisations 3,338 3,367 3,396 3,410 3,425 Consent order finalisations 12,900 13,200 14,000 14,700 15,500 Other finalisations

10 Component key performance indicators The Family Court s key performance indicators focus on the court s ability to process matters in a timely manner Estimated Forward Forward Forward Key performance indicators actual Budget estimate estimate estimate Clearance rate (final orders) 100% 100% 100% 100% 100% Cases pending conclusion that are less than 12 months old 75% 75% 75% 75% 75% Reserved judgments are waiting less than three months after the conclusion of trial 75% 75% 75% 75% 75% Number of complaints as a percentage of applications received 1% 1% 1% 1% 1% Component 1.1.2: Federal Circuit Court of Australia Component objective The Federal Circuit Court provides a simple and accessible alternative to litigation in the Family Court and Federal Court. Where practical, parties are encouraged to resolve their disputes through dispute resolution and negotiation methods. Component expenses Estimated Forward Forward Forward actual Budget estimate estimate estimate Annual administered expenses Administered item Expenses not requiring appropriation in the budget year Annual departmental expenses Federal Circuit Court of Australia 26,944 26,944 26,944 26,944 26,944 Expenses not requiring appropriation in the budget year Total programme expenses 28,954 28,964 28,975 28,981 28, Expenses not requiring appropriation in the budget year are made up of refund of fees. 2. Expenses not requiring appropriation in the budget year are made up of liabilities assumed by related entities. 320

11 Component deliverables The Federal Circuit Court s deliverables relate to judicial service outputs which are monitored and reviewed on an ongoing basis Estimated Forward Forward Forward Deliverables actual Budget estimate estimate estimate Number of cases litigated and divorce cases processed 92,300 92,800 94,600 95,200 96,600 Component key performance indicators The Federal Circuit Court s key performance indicators focus on the court s ability to process matters in a timely manner Estimated Forward Forward Forward Key performance indicators actual Budget estimate estimate estimate Time taken from filing to disposition of final order applications is less than 12 months 90% 90% 90% 90% 90% Time taken from filing to disposition in all applications other than applications for final orders is less than six months 90% 90% 90% 90% 90% Matters resolved prior to trial 70% 70% 70% 70% 70% Component 1.1.3: Family Court and Federal Circuit Court Administration Component objective The objective of the Family Court and Federal Circuit Court Administration is to assist the courts to achieve their stated purpose by: maintaining an environment that enables judicial officers to make determinations providing effective and efficient registry services effectively and efficiently managing resources providing effective information and communication technologies. 321

12 Component expenses Estimated Forward Forward Forward actual Budget estimate estimate estimate Annual departmental expenses Family Court and Federal Circuit Court Administration 112, , , , ,129 Expenses not requiring appropriation in the budget year 1 38,808 38,975 39,175 39,197 39,197 Total programme expenses 151, , , , , Expenses not requiring appropriation in the budget year are made up of depreciation and amortisation expenses, and resources provided free of charge. Component deliverables The Family Court and Federal Circuit Court Administration deliverables relate to family law services and the National Enquiry Centre and encompass core service standards Estimated Forward Forward Forward Deliverables actual Budget estimate estimate estimate Telephone enquiries served 275, , , , ,300 Counter enquiries served 152, , , , ,200 enquiries responded to 50,800 50,000 50,100 49,700 49,700 Component key performance indicators The Family Court and Federal Circuit Court Administration key performance indicators relate to family law services and the National Enquiry Centre and encompass core service standards Estimated Forward Forward Forward Key performance indicators actual Budget estimate estimate estimate National Enquiry Centre telephone enquiries answered within 90 seconds 80% 80% 80% 80% 80% Counter enquiries served within 20 minutes 75% 75% 75% 75% 75% enquiries responded to within two working days 80% 80% 80% 80% 80% Applications lodged processed within two working days 75% 75% 75% 75% 75% 322

13 Section 3: Explanatory tables and budgeted financial statements Section 3 presents explanatory tables and budgeted financial statements which provide a comprehensive snapshot of agency finances for the 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, and special accounts. 3.1 EXPLANATORY TABLES Movement of administered funds between years The Family Court and Federal Circuit Court has not moved any administered funds between years Special accounts 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 the Financial Management and Accountability Act 1997 or under separate enabling legislation. Table shows the expected additions (receipts) and reductions (payments) for each account used by the Family Court and Federal Circuit Court. Table 3.1.2: Estimates of special account flows and balances Opening Closing balance Receipts Payments Adjustments balance Outcome Litigants Fund Special Account FMA Act s 20 (A) Total special accounts Budget estimate Total special accounts estimated actual (A) = Administered. 1. The purpose of this account is to be a holding account for client moneys paid as a surety following the issuance of court orders Australian Government Indigenous expenditure The Family Court and Federal Circuit Court has no Indigenous-specific expenses. 323

14 3.2 BUDGETED FINANCIAL STATEMENTS Differences in agency resourcing and financial statements The difference between the Family Court and Federal Circuit Court s agency resourcing table and financial statements is due to other gains. Other gains are not included in the agency resourcing table, but are included as revenue in the financial statements. These other gains are composed of resources received free of charge ($28.892m) and liabilities assumed by related entities ($10.353m), which represent notional revenue received by the courts that is recorded in the financial statements. This notional revenue is equally offset by notional expenditure in the financial statements Analysis of budgeted financial statements Budgeted departmental comprehensive income statement Revenue in for the Family Court and Federal Circuit Court has decreased from that reported in the Portfolio Additional Estimates Statements. The main reason for this is a reduction in section 31 revenue estimates ($0.260m) and the impact of the additional 0.25% efficiency dividend on appropriation revenue ($0.382m). Fluctuations due to a change in economic parameters have further contributed to the change in appropriation revenue in In accordance with budget operating rules, budgeted expenditure has been reduced in line with reduced revenue estimates, resulting in a break-even underlying result (that is, excluding depreciation and amortisation expenses) for the Family Court and Federal Circuit Court. Depreciation expenses for and beyond have been adjusted to better align with the Family Court and Federal Circuit Court s revised internal estimates. Minor variations over the budget and forward years are due to adjustments in wage and price indices. Budgeted departmental balance sheet The Family Court and Federal Circuit Court s net asset position for has decreased from that reported in the Portfolio Additional Estimates Statements. This is a result of an increase in budgeted depreciation and amortisation expenses in the budget and forward years. The increase reflects more closely the anticipated actual expense for the respective periods. Some categories within non-financial assets have also changed in line with the courts approved capital management plans. 324

15 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 Estimated Budget Forward Forward Forward actual estimate estimate estimate estimate EXPENSES Employee benefits 120, , , , ,870 Suppliers 72,648 71,214 69,956 68,732 69,605 Depreciation and amortisation 10,083 10,083 10,083 10,083 10,083 Finance costs Total expenses 203, , , , ,658 LESS: OWN-SOURCE INCOME Own-source revenue Sale of goods and rendering of services 1, Other Total own-source revenue 1,700 1,440 1,440 1,440 1,440 Gains Other gains 39,078 39,245 39,445 39,467 39,467 Total gains 39,078 39,245 39,445 39,467 39,467 Total own-source income 40,778 40,685 40,885 40,907 40,907 Net cost of (contribution by) services 162, , , , ,751 Revenue from government 152, , , , ,668 Surplus (deficit) attributable to the Australian Government (10,083) (10,083) (10,083) (10,083) (10,083) OTHER COMPREHENSIVE INCOME Changes in asset revaluation surplus Total other comprehensive income Total comprehensive income (loss) (10,083) (10,083) (10,083) (10,083) (10,083) Total comprehensive income (loss) attributable to the Australian Government (10,083) (10,083) (10,083) (10,083) (10,083) Note: Impact of net cash appropriation arrangements Total comprehensive income (loss) excluding depreciation/amortisation expenses previously funded through revenue appropriations Less depreciation/amortisation expenses previously funded through revenue appropriations 10,083 10,083 10,083 10,083 10,083 Total comprehensive income (loss) as per the statement of comprehensive income (10,083) (10,083) (10,083) (10,083) (10,083) Prepared on Australian Accounting Standards basis. 325

16 Table 3.2.2: Budgeted departmental balance sheet (as at 30 June) Estimated Budget Forward Forward Forward actual estimate estimate estimate estimate ASSETS Financial assets Cash and cash equivalents 6,941 6,941 6,941 6,941 6,941 Trade and other receivables 23,736 23,736 23,736 23,736 23,736 Other financial assets Total financial assets 31,007 31,007 31,007 31,007 31,007 Non-financial assets Land and buildings 24,677 22,954 20,543 17,213 15,611 Property, plant and equipment 13,793 12,663 12,240 12,752 12,281 Intangibles 5,596 5,566 5,336 5,206 4,776 Inventories Other non-financial assets 1,692 1,692 1,692 1,692 1,692 Total non-financial assets 45,811 42,928 39,864 36,916 34,413 Total assets 76,818 73,935 70,871 67,923 65,420 LIABILITIES Payables Suppliers 4,694 4,694 4,694 4,694 4,694 Other payables 7,287 7,287 7,287 7,287 7,287 Total payables 11,981 11,981 11,981 11,981 11,981 Provisions Employee provisions 37,337 37,337 37,337 37,337 37,337 Other provisions 3,238 3,238 3,238 3,238 3,238 Total provisions 40,575 40,575 40,575 40,575 40,575 Total liabilities 52,556 52,556 52,556 52,556 52,556 Net assets 24,262 21,379 18,315 15,367 12,864 EQUITY Parent entity interest Contributed equity 33,562 40,762 47,781 54,916 62,496 Reserves 22,861 22,861 22,861 22,861 22,861 Retained surplus (accumulated deficit) (32,161) (42,244) (52,327) (62,410) (72,493) Total parent entity interest 24,262 21,379 18,315 15,367 12,864 Total equity 24,262 21,379 18,315 15,367 12,864 Prepared on Australian Accounting Standards basis. 326

17 Table 3.2.3: Departmental statement of changes in equity summary of movement (budget year ) Asset Contributed Retained revaluation equity/ Total earnings reserve capital equity $ 000 $ 000 $ 000 $ 000 Opening balance as at 1 July 2014 Balance carried forward from previous period (32,161) 22,861 33,562 24,262 Adjustment for changes in accounting policies Adjusted opening balance (32,161) 22,861 33,562 24,262 Comprehensive income Surplus (deficit) for the period (10,083) (10,083) Total comprehensive income (10,083) (10,083) Of which: Attributable to the Australian Government (10,083) (10,083) Transactions with owners Contributions by owners Departmental capital budget 7,200 7,200 Sub-total transactions with owners 7,200 7,200 Estimated closing balance as at 30 June 2015 (42,244) 22,861 40,762 21,379 Closing balance attributable to the Australian Government (42,244) 22,861 40,762 21,379 Prepared on Australian Accounting Standards basis. 327

18 Table 3.2.4: Budgeted departmental statement of cash flows (for the period ended 30 June) Estimated Budget Forward Forward Forward actual estimate estimate estimate estimate OPERATING ACTIVITIES Cash received Appropriations 145, , , , ,668 Sale of goods and rendering of services 1, Net GST received 4,867 4,867 4,867 4,867 4,867 Other Total cash received 151, , , , ,975 Cash used Employees 109, , , , ,517 Suppliers 37,766 42,422 40,964 39,718 40,591 Net GST paid 4,867 4,867 4,867 4,867 4,867 Total cash used 151, , , , ,975 Net cash from (used by) operating activities INVESTING ACTIVITIES Cash used Purchase of property, plant and equipment 8,358 7,200 7,019 7,135 7,580 Total cash used 8,358 7,200 7,019 7,135 7,580 Net cash from (used by) investing activities (8,358) (7,200) (7,019) (7,135) (7,580) FINANCING ACTIVITIES Cash received Contributed equity 8,358 7,200 7,019 7,135 7,580 Total cash received 8,358 7,200 7,019 7,135 7,580 Net cash from (used by) financing activities 8,358 7,200 7,019 7,135 7,580 Net increase (decrease) in cash held Cash and cash equivalents at the beginning of the reporting period 6,941 6,941 6,941 6,941 6,941 Cash and cash equivalents at the end of the reporting period 6,941 6,941 6,941 6,941 6,941 Prepared on Australian Accounting Standards basis. 328

19 Table 3.2.5: Departmental capital budget statement Estimated Budget Forward Forward Forward actual estimate estimate estimate estimate NEW CAPITAL APPROPRIATIONS Capital budgets Bill 1 (DCB) 8,358 7,200 7,019 7,135 7,580 Total new capital appropriations 8,358 7,200 7,019 7,135 7,580 Provided for: Purchase of non-financial assets 8,358 7,200 7,019 7,135 7,580 Total items 8,358 7,200 7,019 7,135 7,580 PURCHASE OF NON-FINANCIAL ASSETS Funded by capital appropriation DCB 1 8,358 7,200 7,019 7,135 7,580 Total 8,358 7,200 7,019 7,135 7,580 RECONCILIATION OF CASH USED TO ACQUIRE ASSETS TO ASSET MOVEMENT TABLE Total purchases 8,358 7,200 7,019 7,135 7,580 Total cash used to acquire assets 8,358 7,200 7,019 7,135 7,580 Prepared on Australian Accounting Standards basis. DCB = departmental capital budget. 1. Does not include annual finance lease costs. Includes purchases from current and previous years DCBs. 329

20 Table 3.2.6: Statement of asset movements ( ) Other property, Computer plant & software & Buildings equipment intangibles Total $ 000 $ 000 $ 000 $ 000 As at 1 July 2014 Gross book value 42,026 27,783 13,222 83,031 Accumulated depreciation/ amortisation and impairment (17,349) (13,990) (7,626) (38,965) Opening net book balance 24,677 13,793 5,596 44,066 CAPITAL ASSET ADDITIONS Estimated expenditure on new or replacement assets By purchase appropriation ordinary annual services 1 3,080 2,720 1,400 7,200 Total additions 3,080 2,720 1,400 7,200 Other movements Depreciation/amortisation expense (4,803) (3,850) (1,430) (10,083) Total other movements (4,803) (3,850) (1,430) (10,083) As at 30 June 2015 Gross book value 45,106 30,503 14,622 90,231 Accumulated depreciation/ amortisation and impairment (22,152) (17,840) (9,056) (49,048) Closing net book balance 22,954 12,663 5,566 41,183 Prepared on Australian Accounting Standards basis. 1. Appropriation ordinary annual services refers to funding provided through Appropriation Bill (No. 1) for depreciation and amortisation expenses, departmental capital budgets or other operational expenses. 330

21 Table 3.2.7: Schedule of budgeted income and expenses administered on behalf of government (for the period ended 30 June) Estimated Budget Forward Forward Forward actual estimate estimate estimate estimate EXPENSES ADMINISTERED ON BEHALF OF GOVERNMENT Suppliers Other expenses Total expenses administered on behalf of government 1,174 1,184 1,195 1,201 1,210 LESS: OWN-SOURCE INCOME Own-source revenue Non-taxation revenue Other revenue 54,172 55,751 55,751 55,672 55,672 Total non-taxation revenue 54,172 55,751 55,751 55,672 55,672 Total own-source revenue administered on behalf of government 54,172 55,751 55,751 55,672 55,672 Total own-source income administered on behalf of government 54,172 55,751 55,751 55,672 55,672 Net cost of (contribution by) services (52,998) (54,567) (54,556) (54,471) (54,462) Surplus (deficit) 52,998 54,567 54,556 54,471 54,462 Total comprehensive income (loss) 52,998 54,567 54,556 54,471 54,462 Prepared on Australian Accounting Standards basis. Table 3.2.8: Schedule of budgeted assets and liabilities administered on behalf of government (as at 30 June) Estimated Budget Forward Forward Forward actual estimate estimate estimate estimate ASSETS Financial assets Cash and cash equivalents Trade and other receivables Total financial assets Total assets administered on behalf of government LIABILITIES Payables Suppliers Total payables Total liabilities administered on behalf of government Net assets/(liabilities) Prepared on Australian Accounting Standards basis. 331

22 Table 3.2.9: Schedule of budgeted administered cash flows (for the period ended 30 June) Estimated Budget Forward Forward Forward actual estimate estimate estimate estimate OPERATING ACTIVITIES Cash received Other 54,172 55,751 55,751 55,672 55,672 Total cash received 54,172 55,751 55,751 55,672 55,672 Cash used Suppliers Other Total cash used 1,174 1,184 1,195 1,201 1,210 Net cash from (used by) operating activities 52,998 54,567 54,556 54,471 54,462 Net increase (decrease) in cash held 52,998 54,567 54,556 54,471 54,462 Cash and cash equivalents at the beginning of the reporting period Cash from Official Public Account for: Appropriations Cash to Official Public Account for: Transfers to other entities (Finance whole of government) 53,872 55,451 55,451 55,372 55,372 Cash and cash equivalents at the end of the reporting period Prepared on Australian Accounting Standards basis Notes to the financial statements Basis of accounting The budgeted financial statements have been prepared on an accrual accounting basis, having regard to Statements of Accounting Concepts, and in accordance with the Finance Minister s Orders, Australian Accounting Standards and other authoritative pronouncements of the Australian Accounting Standards Board. Departmental Revenue from government Appropriations for departmental programmes (adjusted for any formal additions and reductions) are recognised as revenue, except for certain amounts which relate to activities that are reciprocal in nature, in which case revenue is recognised only when it has been earned. Appropriations receivable are recognised at their nominal amounts. Income resources received free of charge Resources received free of charge are recorded as either revenue or gains depending on their nature, that is, whether they have been generated in the course of ordinary activities. 332

23 Employee expenses Employee expenses consist of wages and salaries, superannuation, leave and other entitlements, separations and redundancies and other employee benefits. Supplier expenses Supplier expenses consist of administrative expenses including operating lease rentals and supply of goods and services to the Family Court and Federal Circuit Court. Assets Assets are made up of cash, receivables, prepayments, intangibles (computer software), inventories, land and buildings, infrastructure, plant and equipment. Liabilities The Family Court and Federal Circuit Court s liabilities are made up of employee salaries, superannuation and leave entitlements, property lease make-good provisions and amounts owed to creditors. Administered Administered cash transfers to and from Official Public Account Revenue collected by the Family Court and Federal Circuit Court for use by the government rather than the Family Court and Federal Circuit Court is administered revenue. Collections are transferred to the Official Public Account maintained by the Department of Finance and Deregulation. Conversely, cash is drawn from the Official Public Account to make payments under parliamentary appropriation on behalf of government. These transfers to and from the Official Public Account are adjustments to the administered cash held by the Family Court and Federal Circuit Court on behalf of the government and reported as such in the statement of cash flows. Revenue All administered revenues are revenues relating to the core operating activities performed by the Family Court and Federal Circuit Court on behalf of the Australian Government. Fees are charged for access to the Family Court and Federal Circuit Court s services. Administered fee revenue is recognised when an application for service is lodged with the Family Court and Federal Circuit Court. It is recognised at its nominal amount. Collectability of debts is reviewed at balance date. Allowances are made when collection of a debt is no longer probable. 333

INSOLVENCY AND TRUSTEE SERVICE AUSTRALIA

INSOLVENCY AND TRUSTEE SERVICE AUSTRALIA INSOLVENCY AND TRUSTEE SERVICE AUSTRALIA Section 1: Agency overview and resources 1.1 STRATEGIC DIRECTION STATEMENT The Insolvency and Trustee Service Australia s (ITSA s) purpose is to provide improved

More information

COMMONWEALTH GRANTS COMMISSION

COMMONWEALTH GRANTS COMMISSION COMMONWEALTH GRANTS COMMISSION Section 1: Agency overview and resources... 251 1.1 Strategic direction statement... 251 1.2 Agency resource statement... 251 1.3 Budget measures... 252 Section 2: Outcomes

More information

AUSTRALIAN SECURITY INTELLIGENCE ORGANISATION

AUSTRALIAN SECURITY INTELLIGENCE ORGANISATION AUSTRALIAN SECURITY INTELLIGENCE ORGANISATION Section 1: Agency overview and resources 1.1 STRATEGIC DIRECTION STATEMENT The mission of the Australian Security Intelligence Organisation (ASIO) is to identify

More information

NATIONAL ARCHIVES OF AUSTRALIA

NATIONAL ARCHIVES OF AUSTRALIA NATIONAL ARCHIVES OF AUSTRALIA Section 1: Entity overview and resources 1.1 STRATEGIC DIRECTION STATEMENT The functions of the National Archives of Australia (the Archives) are defined in the Archives

More information

AUSTRALIAN FILM, TELEVISION AND RADIO SCHOOL

AUSTRALIAN FILM, TELEVISION AND RADIO SCHOOL AUSTRALIAN FILM, TELEVISION AND RADIO SCHOOL Section 1: Agency overview and resources 1.1 STRATEGIC DIRECTION STATEMENT The Australian Film, Television and Radio School (AFTRS) was established through

More information

Comcare, the Safety, Rehabilitation and Compensation Commission, and the Seafarers Safety, Rehabilitation and Compensation Authority

Comcare, the Safety, Rehabilitation and Compensation Commission, and the Seafarers Safety, Rehabilitation and Compensation Authority Comcare, the Safety, Rehabilitation and Compensation Commission, and the Seafarers Safety, Rehabilitation and Compensation Authority Agency Resources and Planned Performance COMCARE, THE SAFETY, REHABILITATION

More information

AUSTRALIAN FILM, TELEVISION AND RADIO SCHOOL

AUSTRALIAN FILM, TELEVISION AND RADIO SCHOOL AUSTRALIAN FILM, TELEVISION AND RADIO SCHOOL Section 1: Entity overview and resources 1.1 STRATEGIC DIRECTION STATEMENT The Australian Film, Television and Radio School (AFTRS) was established through

More information

Australian Broadcasting Corporation. Entity resources and planned performance

Australian Broadcasting Corporation. Entity resources and planned performance Australian Broadcasting Corporation Entity resources and planned performance 43 AUSTRALIAN BROADCASTING CORPORATION Section 1: Entity overview and resources... 47 1.1 Strategic direction statement...

More information

Australian Communications and Media Authority. Entity resources and planned performance

Australian Communications and Media Authority. Entity resources and planned performance Australian Communications and Media Authority Entity resources and planned performance 91 AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY Section 1: Entity overview and resources... 95 1.1 Strategic direction

More information

Private Health Insurance Ombudsman

Private Health Insurance Ombudsman Private Health Insurance Ombudsman Health and Ageing Portfolio Agency Section 1: Overview...448 Section 2: Resources for 2006-07...449 2.1: Appropriations and Other Resources...449 2.2: 2006-07 Budget

More information

AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

AUSTRALIAN COMPETITION AND CONSUMER COMMISSION AUSTRALIAN COMPETITION AND CONSUMER COMMISSION Section 1: Entity overview and resources... 69 1.1 Strategic direction statement... 69 1.2 Entity resource statement... 72 1.3 Budget measures... 74 Section

More information

Commonwealth Superannuation Corporation. Entity Resources and Planned Performance

Commonwealth Superannuation Corporation. Entity Resources and Planned Performance Commonwealth Superannuation Corporation Entity Resources and Planned Performance COMMONWEALTH SUPERANNUATION CORPORATION Section 1: Entity Overview and Resources... 111 1.1 Strategic Direction Statement...

More information

Medicare Australia. Agency resources and planned performance

Medicare Australia. Agency resources and planned performance Medicare Australia Agency resources and planned performance 87 MEDICARE AUSTRALIA Section 1: Agency overview and resources...91 1.1 Strategic direction...91 1.2 Agency resource statement...94 1.3 Budget

More information

Department of Education, Employment and Workplace Relations Financial Statements for 2013 14

Department of Education, Employment and Workplace Relations Financial Statements for 2013 14 Department of Education, Employment and Workplace Relations Financial Statements for 2013 14 INDEPENDENT AUDITOR'S REPORT To the Minister for Education To the Minister for Employment Report on the Financial

More information

Australian Renewable Energy Agency. Agency resources and planned performance

Australian Renewable Energy Agency. Agency resources and planned performance Australian Renewable Energy Agency Agency resources and planned performance 169 ARENA Budget Statements AUSTRALIAN RENEWABLE ENERGY AGENCY Section 1: Agency overview and resources... 171 1.1 Strategic

More information

STATEMENT 10: AUSTRALIAN ACCOUNTING STANDARD NO. 31 FINANCIAL STATEMENTS

STATEMENT 10: AUSTRALIAN ACCOUNTING STANDARD NO. 31 FINANCIAL STATEMENTS STATEMENT 10: AUSTRALIAN ACCOUNTING STANDARD NO. 31 FINANCIAL STATEMENTS This statement provides financial tables prepared on an accrual basis in accordance with applicable Australian Accounting Standards,

More information

AUSTRALIAN CURRICULUM, ASSESSMENT AND REPORTING AUTHORITY

AUSTRALIAN CURRICULUM, ASSESSMENT AND REPORTING AUTHORITY AUSTRALIAN CURRICULUM, ASSESSMENT AND REPORTING AUTHORITY AUSTRALIAN CURRICULUM, ASSESSMENT AND REPORTING AUTHORITY Section 1: Agency overview and resources... 107 1.1 Strategic direction statement...

More information

Asbestos Safety and Eradication Agency. Entity resources and planned performance

Asbestos Safety and Eradication Agency. Entity resources and planned performance Asbestos Safety and Eradication Agency Entity resources and planned performance ASBESTOS SAFETY AND ERADICATION AGENCY Section 1: Entity overview and resources... 65 1.1 Strategic direction statement...

More information

A Brief Summary on the Real Deal When Getting Started

A Brief Summary on the Real Deal When Getting Started Portfolio Budget Statements 2015-16 Budget Related Paper No. 1.3 Communications Portfolio Budget Initiatives and Explanations of Appropriations Specified by Outcomes and Programmes by Entity Commonwealth

More information

Department of Industry financial performance. Department of Industry financial performance

Department of Industry financial performance. Department of Industry financial performance financial performance Chapter 9 PART A CHAPTER 9 financial performance Independent auditor s report 108 Statement by the Secretary and Chief Financial Officer 110 Financial statements 111 Annual Report

More information

DEFENCE ANNUAL REPORT 2013 14

DEFENCE ANNUAL REPORT 2013 14 DEFENCE ANNUAL REPORT 2013 14 Volume Two Audited financial statements Defending Australia and its National Interests www.defence.gov.au COVER IMAGE: Lisa Tomasetti 2014 Lance Corporal James Duncan, who

More information

Forecast Financial Statements. Crown Law Office. JUSTICE SECTOR - INFORMATION SUPPORTING THE ESTIMATES 2008/09 B.5A Vol.7 211

Forecast Financial Statements. Crown Law Office. JUSTICE SECTOR - INFORMATION SUPPORTING THE ESTIMATES 2008/09 B.5A Vol.7 211 Forecast Financial Statements Crown Law Office JUSTICE SECTOR - INFORMATION SUPPORTING THE ESTIMATES B.5A Vol.7 211 Statement of Forecast Financial Performance for the year ending 30 June 2009 Note Income

More information

Total assets 16,045,875 12,923,365

Total assets 16,045,875 12,923,365 schedule of administered assets and liabilities as at 30 June 2001 Notes $ 000 $ 000 118 ASSETS Financial assets Cash 20a (832,168) 987,784 Receivables 20b 14,226,282 9,778,752 Investments 20c 2,388,423

More information

Adslot Ltd ABN 70 001 287 510 and controlled entities. Half-Year Financial Report 31 December 2013. Lodged with the ASX under Listing Rule 4.2A.

Adslot Ltd ABN 70 001 287 510 and controlled entities. Half-Year Financial Report 31 December 2013. Lodged with the ASX under Listing Rule 4.2A. Adslot Ltd ABN 70 001 287 510 and controlled entities Half-Year Financial Report 31 December 2013 Lodged with the ASX under Listing Rule 4.2A.3 The half-year financial report does not include full disclosures

More information

CIT SOLUTIONS PTY LTD

CIT SOLUTIONS PTY LTD CIT SOLUTIONS PTY LTD Purpose CIT Solutions Pty Ltd (CIT Solutions) is a company owned by the Canberra Institute of Technology (CIT), which operates under CIT s status as a Registered Training Organisation

More information

Minister for Education; Aboriginal Affairs; Electoral Affairs 2014-15. 2014-15 Estimated Actual $ 000. Budget $ 000

Minister for Education; Aboriginal Affairs; Electoral Affairs 2014-15. 2014-15 Estimated Actual $ 000. Budget $ 000 Division 24 Part 5 Education Services Minister for Education; Aboriginal Affairs; Electoral Affairs Appropriations, Expenses and Cash Assets d DELIVERY OF SERVICES Item 28 Net amount appropriated to deliver

More information

G8 Education Limited ABN: 95 123 828 553. Accounting Policies

G8 Education Limited ABN: 95 123 828 553. Accounting Policies G8 Education Limited ABN: 95 123 828 553 Accounting Policies Table of Contents Note 1: Summary of significant accounting policies... 3 (a) Basis of preparation... 3 (b) Principles of consolidation... 3

More information

Small Business Development Corporation

Small Business Development Corporation Division 67 Part 15 Small Business Development Corporation Minister for Emergency Services; Corrective Services; Small Business; Veterans Appropriations, Expenses and Cash Assets d DELIVERY OF SERVICES

More information

UNIFORM FINANCIAL INFORMATION SOUTH AUSTRALIA 2000-2001

UNIFORM FINANCIAL INFORMATION SOUTH AUSTRALIA 2000-2001 UNIFORM FINANCIAL INFORMATION SOUTH AUSTRALIA 2000-2001 Presented by the Honourable Rob Lucas MLC Treasurer of South Australia on the Occasion of the Budget for 2000-2001 UNIFORM STATISTICAL PRESENTATION

More information

ACCOUNTING POLICY 1.1 FINANCIAL REPORTING. Policy Statement. Definitions. Area covered. This Policy is University-wide.

ACCOUNTING POLICY 1.1 FINANCIAL REPORTING. Policy Statement. Definitions. Area covered. This Policy is University-wide. POLICY Area covered ACCOUNTING POLICY This Policy is University-wide Approval date 5 May 2016 Policy Statement Intent Scope Effective date 5 May 2016 Next review date 5 May 2019 To establish decisions,

More information

2015-16 Budget and the Government Monthly Financial Statements

2015-16 Budget and the Government Monthly Financial Statements SENATOR THE HON MATHIAS CORMANN Minister for Finance MEDIA RELEASE Friday, 18 December 2015 KEY POINTS AUSTRALIAN GOVERNMENT GENERAL GOVERNMENT SECTOR MONTHLY FINANCIAL STATEMENTS NOVEMBER 2015 The underlying

More information

RESPONSIBLE MINISTER FOR INLAND REVENUE DEPARTMENT: Minister of Revenue

RESPONSIBLE MINISTER FOR INLAND REVENUE DEPARTMENT: Minister of Revenue Vote Revenue APPROPRIATION MINISTER(S): Minister of Revenue (M57) APPROPRIATION ADMINISTRATOR: Inland Revenue Department RESPONSIBLE MINISTER FOR INLAND REVENUE DEPARTMENT: Minister of Revenue THE ESTIMATES

More information

Cork Institute of Technology. Autumn 2006 Advanced Financial Accounting (Time: 3 Hours)

Cork Institute of Technology. Autumn 2006 Advanced Financial Accounting (Time: 3 Hours) Cork Institute of Technology Bachelor of Business in Accounting Award Bachelor of Business in Management - Award Instructions Answer FOUR questions Answer all THREE questions in Section A and ONE question

More information

Commonwealth Financial Accountability Review (CFAR) Paper Is Less More?

Commonwealth Financial Accountability Review (CFAR) Paper Is Less More? Commonwealth Financial Accountability Review (CFAR) Paper Is Less More? Thank you for your correspondence on the CFAR paper Is Less More and for the opportunity to comment on the proposals contained therein.

More information

Lodged with the ASX under Listing Rule 4.2A. Results for announcement to the market 2. Directors report 3. Consolidated interim income statement 6

Lodged with the ASX under Listing Rule 4.2A. Results for announcement to the market 2. Directors report 3. Consolidated interim income statement 6 TPG Telecom Limited ABN 46 093 058 069 and its controlled entities ASX Appendix 4D and Half Year Financial Report 31 January 2012 Lodged with the ASX under Listing Rule 4.2A Contents Page Results for announcement

More information

WEBJET LIMITED AND CONTROLLED ENTITIES A.C.N. 002 013 612 INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2003

WEBJET LIMITED AND CONTROLLED ENTITIES A.C.N. 002 013 612 INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2003 A.C.N. 002 013 612 INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2003 - 1 - ADDITIONAL FINANCIAL INFORMATION REQUIRED UNDER ASX LISTING RULES APPENDIX 4D RESULTS FOR ANNOUNCEMENT TO MARKET

More information

One of the Australian Government s core economic policy objectives is improving Australia s productive capacity.

One of the Australian Government s core economic policy objectives is improving Australia s productive capacity. Outcome 4: Safer, fairer and more productive workplaces for employers and employees by promoting and supporting the adoption of fair and flexible workplace arrangements and safer working arrangements Outcome

More information

Accounting policy update. Accounting policy update. Newsletter Edition No. 26, July 2014. Newsletter - Edition No. xx, Month 2013

Accounting policy update. Accounting policy update. Newsletter Edition No. 26, July 2014. Newsletter - Edition No. xx, Month 2013 Scope: This bi-annual newsletter outlines areas of particular importance in public sector financial reporting. The newsletter is applicable to both budget and financial reporting areas of Victorian public

More information

2014-15. Quarterly Financial Results Report

2014-15. Quarterly Financial Results Report 2014-15 Quarterly Financial Results Report March 2015 GOV ERN MEN T THE OF WES TERN A U S TRA LIA 2014 15 Quarterly Financial Results Report March 2015 2014 15 Quarterly Financial Results Report Government

More information

Appendix 4E - Preliminary Final Report Year ended 30 June 2015

Appendix 4E - Preliminary Final Report Year ended 30 June 2015 (ASX: ADA) Adacel Technologies Limited ABN 15 079 672 281 Suite 1, 342 South Road Hampton East, VIC 3188 Australia T. +61 3 8530 7777 F. +61 3 9555 0068 ASX & Media Release Melbourne, 27 August 2015 Appendix

More information

21 August 2007. Company Announcements Office Australian Stock Exchange Limited, Melbourne. By E-lodgement. Preliminary Final Report

21 August 2007. Company Announcements Office Australian Stock Exchange Limited, Melbourne. By E-lodgement. Preliminary Final Report 21 August 2007 Company Announcements Office Australian Stock Exchange Limited, Melbourne By E-lodgement Preliminary Final Report This release contains an announcement to the Australian Stock Exchange Limited

More information

ABN 17 006 852 820 PTY LTD (FORMERLY KNOWN AS AQUAMAX PTY LTD) DIRECTORS REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2015

ABN 17 006 852 820 PTY LTD (FORMERLY KNOWN AS AQUAMAX PTY LTD) DIRECTORS REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2015 DIRECTORS REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2015 In accordance with a resolution of the Directors dated 16 December 2015, the Directors of the Company have pleasure in reporting on the Company for

More information

ASX Announcement 29 August 2014 PRELIMINARY FINAL REPORT

ASX Announcement 29 August 2014 PRELIMINARY FINAL REPORT ABN 68 009 161 522 ASX Announcement 29 August 2014 PRELIMINARY FINAL REPORT SubZero Group Limited (ASX: SZG) submits its Appendix 4E preliminary financial report for the year ended 30 June 2014. For further

More information

UNCONTROLLED IF PRINTED ACCOUNTING POLICY

UNCONTROLLED IF PRINTED ACCOUNTING POLICY UNCONTROLLED IF PRINTED NAVY CANTEENS ACCOUNTING POLICY Applicability: This procedure is applicable to all RANCCB directors and Navy Canteens, managers and staff in all Navy Canteens business units. Legislation:

More information

Financial Reporting by Superannuation Plans

Financial Reporting by Superannuation Plans Australian Accounting Standard AAS 25 March 1993 Financial Reporting by Superannuation Plans Prepared by the Public Sector Accounting Standards Board of the Australian Accounting Research Foundation and

More information

74 iinet Annual Report 2014: Financial Report

74 iinet Annual Report 2014: Financial Report Financial Report 72 Contents Consolidated Statement of Comprehensive Income... 74 Consolidated Statement of Financial Position... 75 Consolidated Statement of Changes in Equity... 76 Consolidated Statement

More information

ABN 64 087 595 980. Half Yearly Report 30 June 2014

ABN 64 087 595 980. Half Yearly Report 30 June 2014 ABN 64 087 595 980 Half Yearly Report 30 June 2014 DIRECTORS Bob Richardson (Chairman) Sia Hok Kiang Geoffrey S Eupene Peter W Walker Malcolm K Smartt SECRETARY Malcolm K Smartt REGISTERED OFFICE Level

More information

POLICY MANUAL. Financial Management Significant Accounting Policies (July 2015)

POLICY MANUAL. Financial Management Significant Accounting Policies (July 2015) POLICY 1. Objective To adopt Full Accrual Accounting and all other applicable Accounting Standards. 2. Local Government Reference Local Government Act 1995 Local Government (Financial Management) Regulations

More information

1 Fiscal strategy and outlook

1 Fiscal strategy and outlook 1 Fiscal strategy and outlook Features The 2015-16 Budget delivers the Government s election commitments, with key measures to revitalise the State economy and frontline service delivery, especially in

More information

Chapter. Statement of Cash Flows For Single Company

Chapter. Statement of Cash Flows For Single Company Chapter 4 Statement of Cash Flows For Single Company 4.1 Single company statement of cash flows Statement of cash flows are primary financial statements and are required along side the income statement

More information

Commonwealth of Australia CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2014

Commonwealth of Australia CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2014 Commonwealth of Australia CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2014 CIRCULATED BY SENATOR THE HONOURABLE MATHIAS CORMANN MINISTER FOR FINANCE OF THE COMMONWEALTH OF AUSTRALIA NOVEMBER

More information

Interim Financial Statements

Interim Financial Statements [Type text] Interim Financial Statements KCA Deutag Alpha Limited For the twelve months ended 31 December 2015 Page 1 of 11 Table of Contents Consolidated income statement... 3 Consolidated statement of

More information

EXPLANATORY NOTES. 1. Summary of accounting policies

EXPLANATORY NOTES. 1. Summary of accounting policies 1. Summary of accounting policies Reporting Entity Taranaki Regional Council is a regional local authority governed by the Local Government Act 2002. The Taranaki Regional Council group (TRC) consists

More information

Annual Accounts for the period

Annual Accounts for the period Annual Accounts for the period Period start date To Period end date Charity Name Charity No (if any) Section A Statement of financial activities Descriptions by natural category Note Unrestricted funds

More information

INTERNATIONAL ACCOUNTING STANDARDS. CIE Guidance for teachers of. 7110 Principles of Accounts and. 0452 Accounting

INTERNATIONAL ACCOUNTING STANDARDS. CIE Guidance for teachers of. 7110 Principles of Accounts and. 0452 Accounting www.xtremepapers.com INTERNATIONAL ACCOUNTING STANDARDS CIE Guidance for teachers of 7110 Principles of Accounts and 0452 Accounting 1 CONTENTS Introduction...3 Use of this document... 3 Users of financial

More information

Accounting and reporting by charities EXPOSURE DRAFT

Accounting and reporting by charities EXPOSURE DRAFT 10. Balance sheet Introduction 10.1. All charities preparing accruals accounts must prepare a balance sheet at the end of each reporting period which gives a true and fair view of their financial position.

More information

Appendix B5: 2014-15 Budget Outcome and Summary of Variations

Appendix B5: 2014-15 Budget Outcome and Summary of Variations Appendix B5: 2014-15 Budget Outcome and Summary of Variations Budget outcome for 2014-15 The Budget result for 2014-15 is estimated to be a surplus of $2.1 billion compared with a budgeted deficit of $283

More information

STATEMENT OF COMPLIANCE AND BASIS OF MEASUREMENT

STATEMENT OF COMPLIANCE AND BASIS OF MEASUREMENT Accounting policies REPORTING ENTITY The Waikato Regional Council is a territorial local authority governed by the Local Government Act 2002, and is domiciled in New Zealand. The main purpose of prospective

More information

THINKSMART REVENUE UP 30% - ON TRACK TO ACHIEVE FULL YEAR PROSPECTUS FORECASTS

THINKSMART REVENUE UP 30% - ON TRACK TO ACHIEVE FULL YEAR PROSPECTUS FORECASTS ANNOUNCEMENT 29 th August, 2007 THINKSMART REVENUE UP 30% - ON TRACK TO ACHIEVE FULL YEAR PROSPECTUS FORECASTS ThinkSmart Limited (ASX:TSM) today reported a half year profit before tax for the six months

More information

Example Accounts Only

Example Accounts Only CaseWare Sole Trader Financial Statements NOTE: These financial statements include illustrative disclosures for a Sole Trader (Special Purpose). The information is not intended to be and is not comprehensive

More information

Jones Sample Accounts Limited. Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements

Jones Sample Accounts Limited. Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements Period of accounts Start date: 1st June 2008 End date: 31st May 2009 Contents of the

More information

FINANCE POLICY POLICY NO F.6 SIGNIFICANT ACCOUNTING POLICIES. FILE NUMBER FIN 2 ADOPTION DATE 13 June 2002

FINANCE POLICY POLICY NO F.6 SIGNIFICANT ACCOUNTING POLICIES. FILE NUMBER FIN 2 ADOPTION DATE 13 June 2002 POLICY NO F.6 POLICY SUBJECT FILE NUMBER FIN 2 ADOPTION DATE 13 June 2002 Shire of Toodyay Policy Manual FINANCE POLICY SIGNIFICANT ACCOUNTING POLICIES LAST REVIEW 22 July 2014 (Council Resolution No 201/07/14)

More information

Guidance for the Preparation of the 2014-15 Portfolio Budget Statements. Governance and Resource Management Group

Guidance for the Preparation of the 2014-15 Portfolio Budget Statements. Governance and Resource Management Group Guidance for the Preparation of the 2014-15 Portfolio Budget Statements Governance and Resource Management Group ATTACHMENT A MARCH 2014 Table of Contents INTRODUCTION... 3 THE PURPOSE OF THIS GUIDANCE...

More information

Charities Accounting Standard Accounting Template Explanatory Notes

Charities Accounting Standard Accounting Template Explanatory Notes Charities Accounting Standard Accounting Template Explanatory Notes Introduction Purpose of Accounting Template The Accounting Template is designed to help smaller charities prepare and present financial

More information

Global Value Fund Limited A.B.N. 90 168 653 521. Appendix 4E - Preliminary Financial Report for the year ended 30 June 2015

Global Value Fund Limited A.B.N. 90 168 653 521. Appendix 4E - Preliminary Financial Report for the year ended 30 June 2015 A.B.N. 90 168 653 521 Appendix 4E - Preliminary Financial Report for the year ended 30 June 2015 Appendix 4E - Preliminary Financial Report For the year ended 30 June 2015 Preliminary Report This preliminary

More information

Cash Flow Statements

Cash Flow Statements Compiled Accounting Standard AASB 107 Cash Flow Statements This compiled Standard applies to annual reporting periods beginning on or after 1 July 2007. Early application is permitted. It incorporates

More information

For personal use only

For personal use only HIRE INTELLIGENCE INTERNATIONAL LIMITED (ABN 79 098 210 121) Appendix 4E Preliminary final report Financial year ended 30 June 2012 Results for announcement to the market In thousands of AUD Revenues from

More information

ANNOUNCEMENT TO AUSTRALIAN SECURITIES EXCHANGE LIMITED

ANNOUNCEMENT TO AUSTRALIAN SECURITIES EXCHANGE LIMITED Registered Office: Unit 10, 62A Albert Street Preston VIC 3072 AUSTRALIA Telephone: National (03) 9416 7133 International +61 3 9416 7133 Facsimile: National (03) 9495 1099 International +61 3 9495 1099

More information

Large Company Limited. Report and Accounts. 31 December 2009

Large Company Limited. Report and Accounts. 31 December 2009 Registered number 123456 Large Company Limited Report and Accounts 31 December 2009 Report and accounts Contents Page Company information 1 Directors' report 2 Statement of directors' responsibilities

More information

Structure of the Standard

Structure of the Standard INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARD: FINANCIAL REPORTING UNDER THE CASH BASIS OF ACCOUNTING Structure of the Standard This Standard comprises two parts: Part 1 is mandatory. It sets out the

More information

AUSTRALIAN WOUND MANAGEMENT ASSOCIATION INCORPORATED FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2012

AUSTRALIAN WOUND MANAGEMENT ASSOCIATION INCORPORATED FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2012 AUSTRALIAN WOUND MANAGEMENT ASSOCIATION INCORPORATED FINANCIAL REPORT CONTENTS Page No. Committee's Report 2 Income Statement 3 Balance Sheet 4 Statement of Recognised Income and Expense 5 Cash Flow Statement

More information

APPENDIX 1: A5 Management Discussion and Analysis

APPENDIX 1: A5 Management Discussion and Analysis APPENDIX 1: A5 Management Discussion and Analysis General overview Objectives The Department of Education and Training (the Department) works in partnership with the community to provide sustainable, high

More information

NATIONAL PARTNERSHIP AGREEMENT ON TRANSITIONING RESPONSIBILITIES FOR AGED CARE AND DISABILITY SERVICES

NATIONAL PARTNERSHIP AGREEMENT ON TRANSITIONING RESPONSIBILITIES FOR AGED CARE AND DISABILITY SERVICES National Partnership Agreement on Transitioning Responsibilities for Aged Care and Disability Services NATIONAL PARTNERSHIP AGREEMENT ON TRANSITIONING RESPONSIBILITIES FOR AGED CARE AND DISABILITY SERVICES

More information

Department of the Legislative Assembly Annual Report 2007-08 Financial Statements. Table of Contents

Department of the Legislative Assembly Annual Report 2007-08 Financial Statements. Table of Contents 1 Table of Contents FINANCIAL STATEMENT 3 OVERVIEW... 3 CERTIFICATION OF THE FINANCIAL STATEMENTS... 5 Operating Statement...6 Balance Sheet...7 Statement of Changes of Equity...8 Cash Flow Statement...9

More information

For personal use only

For personal use only General Purpose Financial Statements For the Half-Year Ended 31 December 2013 Financial Statements CONTENTS Pages Directors Report 2 Auditor s Independence Declaration 4 Independent Review Report 5 Directors

More information

IPSAS 2 CASH FLOW STATEMENTS

IPSAS 2 CASH FLOW STATEMENTS IPSAS 2 CASH FLOW STATEMENTS Acknowledgment This International Public Sector Accounting Standard (IPSAS) is drawn primarily from International Accounting Standard (IAS) 7, Cash Flow Statements published

More information

Jones Sample Accounts Limited. Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements

Jones Sample Accounts Limited. Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements Period of accounts Start date: 1st June 2009 End date: 31st May 2010 Contents of the

More information

CROSSWORD CYBERSECURITY PLC

CROSSWORD CYBERSECURITY PLC Registered number: 08927013 CROSSWORD CYBERSECURITY PLC AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2014 COMPANY INFORMATION DIRECTORS T Ilube J Bottomley Professor D Secher

More information

Implementing a Diverted Profits Tax

Implementing a Diverted Profits Tax Implementing a Diverted Profits Tax May 2016 Commonwealth of Australia 2016 ISBN 978-1-925220-92-6 This publication is available for your use under a Creative Commons Attribution 3.0 Australia licence,

More information

3 Audited financial statements for the year ended 31 December 2009

3 Audited financial statements for the year ended 31 December 2009 3 Audited financial statements income statement Revenue from Continuing Operations Commonwealth Government Financial Assistance excluding hecs help higher education Contribution scheme (hecs help) 2.1

More information

COOK S BODY WORKS PTY LTD A.B.N. 42 005 070 084 DIRECTORS REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2015

COOK S BODY WORKS PTY LTD A.B.N. 42 005 070 084 DIRECTORS REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2015 DIRECTORS REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2015 In accordance with a resolution of the Directors dated 16 December 2015 the Directors of the Company have pleasure in reporting on the Company for

More information

Department of Environment and Heritage Protection. Financial Statements. for the financial year ended 30 June 2014

Department of Environment and Heritage Protection. Financial Statements. for the financial year ended 30 June 2014 Department of Environment and Heritage Protection Financial Statements for the financial year ended 30 June 2014 Contents Page Number Statement of Comprehensive Income 2 Statement of Financial Position

More information

Transition to International Financial Reporting Standards

Transition to International Financial Reporting Standards Transition to International Financial Reporting Standards Topps Tiles Plc In accordance with IFRS 1, First-time adoption of International Financial Reporting Standards ( IFRS ), Topps Tiles Plc, ( Topps

More information

2015/16 EDUCATION PAYROLL LIMITED STATEMENT OF PERFORMANCE EXPECTATIONS

2015/16 EDUCATION PAYROLL LIMITED STATEMENT OF PERFORMANCE EXPECTATIONS 2015/16 EDUCATION PAYROLL LIMITED STATEMENT OF PERFORMANCE EXPECTATIONS Published in August 2015 Education Payroll Limited 2015/16 EDUCATION PAYROLL LIMITED STATEMENT OF PERFORMANCE EXPECTATIONS CONTENTS

More information

Open Selection Funding Round Summary. Families and Communities Programme. Family Law Services Funding Round Summary

Open Selection Funding Round Summary. Families and Communities Programme. Family Law Services Funding Round Summary Families and Communities Programme Family Law Services Funding Round Summary August 2014 1 Family Law Services The Family Law Services Sub-Activity is funded by and under the policy responsibility of the

More information

SHIRE OF CARNARVON POLICY

SHIRE OF CARNARVON POLICY SHIRE OF CARNARVON POLICY POLICY NO C010 POLICY SIGNIFICANT ACCOUNTING POLICIES RESPONSIBLE DIRECTORATE CORPORATE COUNCIL ADOPTION Date: 27.5.14 Resolution No. FC 5/5/14 REVIEWED/MODIFIED Date: Resolution

More information

Financial Modelling Fundamentals

Financial Modelling Fundamentals Financial Modelling Fundamentals Financial Modelling Fundamentals Working Capital Financial Statements Operational Taxation Capital Checks Assets Outputs FINANCIAL MODELLING FUNDAMENTALS TRAINING COURSE

More information

COMMONWEALTH COMMUNITY LEGAL SERVICES PROGRAMME

COMMONWEALTH COMMUNITY LEGAL SERVICES PROGRAMME COMMONWEALTH COMMUNITY LEGAL SERVICES PROGRAMME GUIDELINES Effective 1 July 2014 TABLE OF CONTENTS 2 About the CCLSP Guidelines... 4 1. THE COMMONWEALTH COMMUNITY LEGAL SERVICES PROGRAMME - INTRODUCTION

More information

LONG TERM FINANCIAL PLAN 2011/2012 2020/2021

LONG TERM FINANCIAL PLAN 2011/2012 2020/2021 LONG TERM FINANCIAL PLAN 2011/2012 2020/2021 INDEX TO CONTENTS 1. Long Term Financial Planning Defined 1.1 Purpose 1.2 Principles 1.3 CEO Statement on Financial Sustainability 2. Impacts upon the Current

More information

The consolidated financial statements of

The consolidated financial statements of Our 2014 financial statements The consolidated financial statements of plc and its subsidiaries (the Group) for the year ended 31 December 2014 have been prepared in accordance with International Financial

More information

16 BUSINESS ACCOUNTING STANDARD CONSOLIDATED FINANCIAL STATEMENTS AND INVESTMENTS IN SUBSIDIARIES I. GENERAL PROVISIONS

16 BUSINESS ACCOUNTING STANDARD CONSOLIDATED FINANCIAL STATEMENTS AND INVESTMENTS IN SUBSIDIARIES I. GENERAL PROVISIONS APPROVED by Resolution No. 10 of 10 December 2003 of the Standards Board of the Public Establishment the Institute of Accounting of the Republic of Lithuania 16 BUSINESS ACCOUNTING STANDARD CONSOLIDATED

More information

Department of National Parks, Recreation, Sport and Racing. Annual Financial Statements for the financial year ended 30 June 2013

Department of National Parks, Recreation, Sport and Racing. Annual Financial Statements for the financial year ended 30 June 2013 Annual Financial Statements for the financial year ended 30 June 2013 Department of National Parks, Recreation, Sport and Racing Financial Statements for the financial year ended 30 June 2013 Contents

More information

These financial statements cover the Department of Communities Retail Stores.

These financial statements cover the Department of Communities Retail Stores. Foreword Foreword These financial statements cover the. Retail Stores is an operational unit established within the Department of Communities which is a Queensland Government department established under

More information

This Schedule is to be used in conjunction with the General Retention and Disposal Schedule for Administrative Records (GRDS).

This Schedule is to be used in conjunction with the General Retention and Disposal Schedule for Administrative Records (GRDS). Responsible Public Authority : Legal Aid Queensland Queensland Disposal Authority Number (QDAN) : 270 Version: 2 Date of approval : 17 May 2011 Approved by State Archivist : Janet Prowse QSA File Reference

More information

Public Administration Leadership and Management Academy

Public Administration Leadership and Management Academy Vote 8 Public Administration Leadership and Management Academy Budget summary 2009/10 2010/11 2011/12 Total to be Current Transfers and Payments for R million appropriated payments subsidies capital assets

More information

Rubicor Group Limited and Controlled Entities

Rubicor Group Limited and Controlled Entities Consolidated Statement of Profit or Loss and Other Comprehensive Income For the financial year ended 30 June Note Revenue 2 204,314 198,028 Other gains and losses 2 403 - Gain on debt forgiven 3-88,608

More information

Auditor General. I believe that the audit evidence obtained is sufficient and appropriate to provide a basis for my audit opinion.

Auditor General. I believe that the audit evidence obtained is sufficient and appropriate to provide a basis for my audit opinion. Auditor General INDEPENDENT AUDITOR S REPORT To the Parliament of Western Australia SMALL BUSINESS DEVELOPMENT CORPORATION Report on the Financial Statements I have audited the accounts and financial statements

More information

Totals. Net Operating Cost. Total comprehensive expenditure

Totals. Net Operating Cost. Total comprehensive expenditure CENTRAL GOVERNMENT SUPPLY FINANCED Statement of comprehensive net expenditure Agency only Administration costs: Staff costs Other administration costs Operating income Staff costs Other costs Income Programmes

More information

How To Write A Budget For The Council

How To Write A Budget For The Council FP5 SIGNIFICANT ACCOUNTING POLICIES - BUDGET Adopted: Audit Committee 20 June 2013 Committee Decision No. 10 Audit Committee Minutes endorsed by Council OMC 18 July 2013 Council Decision No. 2753 AASB

More information

Redflex reports significant profit increase

Redflex reports significant profit increase Redflex Holdings Limited ACN 069 306 216 31 Market Street, South Melbourne, Victoria, Australia 3205 Tel: +61 3 9674 1888 Fax: +61 3 9699 3566 www.redflex.com Release to Australian Stock Exchange Redflex

More information