Australian Broadcasting Corporation Entity resources and planned performance 43
AUSTRALIAN BROADCASTING CORPORATION Section 1: Entity overview and resources... 47 1.1 Strategic direction statement... 47 1.2 Entity resource statement... 49 1.3 Budget measures... 50 1.4 Changes in Entity Outcomes and Programmes... 52 Section 2: Outcomes and planned performance... 55 2.1 Outcomes and performance information... 55 Section 3: Explanatory tables and budgeted financial statements... 63 3.1 Explanatory tables... 63 3.2 Budgeted financial statements... 64 45
AUSTRALIAN BROADCASTING CORPORATION Section 1: Entity overview and resources 1.1 STRATEGIC DIRECTION STATEMENT The Australian Broadcasting Corporation (ABC) is one of the country s most important cultural institutions. As the primary national public broadcaster, it reflects Australia s national identity and cultural diversity, informs and educates, facilitates public debate and fosters the performing arts. The ABC plays a significant role in the lives of all Australians, not only through the broadcasting and digital media services it delivers, but also through direct engagement with local communities around the country. The ABC s place in the Australian media environment is distinctive because of its Charter (section 6 of the Australian Broadcasting Corporation Act 1983 (the ABC Act )). The Charter and other provisions of the ABC Act give the Corporation particular responsibilities, such as providing independent news and information. The ABC Act guarantees the editorial and administrative independence of the ABC from the Government. The ABC Board is charged with a duty to ensure the functions of the Corporation are performed efficiently and with maximum benefit to the people of Australia, to maintain the independence and integrity of the Corporation and other various duties. The functions of the Corporation, set out in section 6(1) of the ABC Act, are: To provide, within Australia, innovative and comprehensive broadcasting services of a high standard as part of the Australian broadcasting system, consisting of national, commercial and community sectors and to provide: broadcasting programs that contribute to a sense of national identity and inform and entertain, and reflect the cultural diversity of, the Australian community; and broadcasting programs of an educational nature. To transmit to countries outside Australia, broadcasting programs of news, current affairs, entertainment and cultural enrichment that will: encourage awareness of Australia and an international understanding of Australian attitudes on world affairs; and enable Australian citizens living or travelling outside Australia to obtain information about Australian affairs and Australian attitudes on world affairs. To provide digital media services. To encourage and promote the musical, dramatic and other performing arts in Australia. 47
The ABC provides unique and often critically important points of connection and support for communities throughout Australia. These include formal agreements with Federal and State and Territory authorities for the provision of emergency services information when local communities are affected by natural disasters. The ABC currently operates under the 2013 16 ABC Strategic Plan, which states that it will strive to maintain a leadership position in digital media, capitalising fully on its strengths in key content areas. The Corporation will continue to innovate and provide national coverage and carriage of its services on all major platforms. It will seek to strengthen the diversity and availability of Australian content, and to support and promote creativity and new talent. It remains committed to providing the best possible news and information with expanded and improved coverage; to developing further its presence and multi-platform capacity in regional Australia; and to acting as a virtual town square in providing information that supports reasoned community debate around topics of importance. The ABC will move to annual corporate plans, in conformity with the requirements of the Public Governance, Performance and Accountability Act 2013 and associated Rules. The Corporation is also in the process of responding to the additional efficiency savings funding reduction announced by the Minister for Communications in November 2014. The ABC Board will fully assess the Government s funding decisions, and the impact these will have on the Corporation s activities, and will confirm specific allocations in line with the strategic direction it has set for the 2015 16 period. ABC appropriations were previously allocated in relation to four Outcomes, including separate Outcomes 2, 3 and 4 for transmission. However, following a decision by Government that transmission and distribution funding should form part of the ABC s operational funding base, ABC appropriations are now under a single Outcome, specifically: Outcome 1: Informed, educated and entertained audiences throughout Australia and overseas through innovative and comprehensive media and related services. As a result of these changes, transmission and distribution Programmes formerly falling under separate transmission Outcomes have been combined into a single new Programme, ABC Transmission and Distribution Services, under Outcome 1. Refer to section 1.4 for further detail. 48
1.2 ENTITY RESOURCE STATEMENT Table 1.1 shows the total resources from all sources. The table summarises how resources will be applied by outcome. Table 1.1: ABC resource statement Budget estimates for 2015-16 as at Budget May 2015 Actual Estimate of Proposed Total Available prior year at 2015-16 Appropriation amounts 2015-16 estimate available in Budget 2014-15 2015-16 $'000 $'000 $'000 $'000 Opening balance/reserves at bank 4,813 4,813-4,813 REVENUE FROM GOVERNMENT Ordinary annual services (a) Outcome 1 868,364-1,064,413 1,064,413 Outcome 2 76,096 - - - Outcome 3 114,988 - - - Outcome 4 3,767 - - - Total ordinary annual services 1,063,215-1,064,413 1,064,413 Other services (b) Non-operating 50,000-20,000 20,000 Total other services 50,000-20,000 20,000 Total annual appropriations 1,113,215-1,084,413 1,084,413 Payments from related entities (c) Amounts from other entities 10,588 - - - Total 10,588 - - - Total funds from Government 1,123,803-1,084,413 1,084,413 FUNDS FROM OTHER SOURCES Interest 5,069-4,393 4,393 Sale of goods and services 138,285-138,285 138,285 Total 143,354-142,678 142,678 Total net resourcing for entity 1,271,970 4,813 1,227,091 1,231,904 The ABC is not directly appropriated as it is a Corporate Commonwealth Entity. Appropriations are made to the Department of Communications which are then paid to the ABC and are considered departmental for all purposes. (a) Appropriation Bill (No.1) 2015-16. (b) Appropriation Bill (No.2) 2015-16. (c) Funding provided by a Government body that is not specified within the annual appropriation bills as a payment to the Corporate Commonwealth Entity. 49
1.3 BUDGET MEASURES Budget measures in Part 1 relating to the ABC are detailed in Budget Paper No. 2 and are summarised below. Table 1.2: ABC 2015-16 Budget measures Part 1: Measures announced since the 2014-15 Mid-Year Economic and Fiscal Outlook (MYEFO) (a) 2014-15 2015-16 2016-17 2017-18 2018-19 Programme $'000 $'000 $'000 $'000 $'000 Expense measures Smaller Government - Communications Portfolio (b) Departmental expenses 1.1 - - - - - Total - - - - - Total expense measures Departmental - - - - - Total - - - - - Prepared on a Government Finance Statistics (fiscal) basis. (a) A minus sign before an estimate indicates a reduction. No sign before an estimate indicates an increase. (b) This measure relates to ceasing the ABC Splash Strategic Advisory Group. 50
Part 2: 2014-15 MYEFO measures not previously reported in a portfolio statement (a) 2014-15 2015-16 2016-17 2017-18 2018-19 Programme $'000 $'000 $'000 $'000 $'000 Expense measures Australian Broadcasting Corporation and Special Broadcasting Service Corporation additional efficiency savings (b) Departmental expenses 1.1 (20,400) (47,700) (55,800) (68,880) Total (20,400) (47,700) (55,800) (68,880) Communications and Public Affairs Functions - targeted savings (c) Departmental expenses 1.1 (409) (813) (809) (817) - Total (409) (813) (809) (817) - Total expense measures Departmental (409) (21,213) (48,509) (56,617) (68,880) Total (409) (21,213) (48,509) (56,617) (68,880) Capital measures Australian Broadcasting Corporation and Special Broadcasting Service Corporation additional efficiency savings (b) Departmental Capital 1.1 - - (14,000) - - Total - - (14,000) - - Total capital measures Departmental - - (14,000) - - Total - - (14,000) - - Prepared on a Government Finance Statistics (fiscal) basis. (a) A minus sign before an estimate indicates a reduction. No sign before an estimate indicates an (b) increase. The ABC and SBS Corporation - additional efficiency savings measure description appears in MYEFO 2014-15 Appendix A under the Communications Portfolio. (c) The measure Communications and Public Affairs Functions - targeted savings relates to 2014-15 Budget. The full measure description appears in 2014-15 Budget Paper No. 2 under the Finance Portfolio. 51
1.4 CHANGES IN ENTITY OUTCOMES AND PROGRAMMES Following the decision by Government that transmission and distribution funding form part of the ABC s operational funding base, ABC appropriations are now under a single Outcome rather than four separate Outcomes. As a result of these changes, transmission and distribution Programmes formerly falling under separate transmission Outcomes have been combined into a single new Programme, ABC Transmission and Distribution Services, under Outcome 1. The changes to the ABC Outcomes and Programmes are summarised as follows: 2014-15 Budget year (as published in the Portfolio Budget Statements) 2015-16 Budget Year Outcome 1: Informed, educated and entertained audiences throughout Australia and overseas through innovative and comprehensive media and related services. Programme 1.1: ABC General Operational Activities Outcome 2: Audience access to ABC satellite and analog terrestrial radio and television transmission service is, at a minimum, maintained year-on-year through the management of Transmission Service Agreements. Programme 2.1: ABC Analog Transmission Outcome 3: Audience access to ABC digital television services is provided, in accordance with Government approved implementation policy, through the roll-out and maintenance of the associated distribution and transmission infrastructure. Outcome 1: Informed, educated and entertained audiences throughout Australia and overseas through innovative and comprehensive media and related services. Programme 1.1: ABC General Operational Activities Programme 1.2: ABC Transmission and Distribution Services Programme 3.1: Access to digital TV services Outcome 4: Audience access to ABC digital radio services is provided, in accordance with Government approved implementation policy, through the roll-out and maintenance of the associated distribution and transmission infrastructure. Programme 4.1: Access to digital radio services 52
2014-15 Budget year (as published in the Portfolio Budget Statements) Programme 1.1: ABC General Operational Activities 2015-16 Budget Year Programme 1.1: ABC General Operational Activities Programme 2.1: ABC Analog Transmission Programme 3.1: Access to digital TV services Programme 1.2: ABC Transmission and Distribution Services Programme 4.1: Access to digital radio services 53
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 entities achieve the intended results of their outcome statements. Entities are required to identify the programmes which contribute to government outcomes over the Budget and forward years. Each outcome is described below together with its related programmes, specifying the performance indicators and targets used to assess and monitor the performance of the ABC in achieving government outcomes. Outcome 1: Informed, educated and entertained audiences throughout Australia and overseas through innovative and comprehensive media and related services Outcome 1 strategy The ABC aims to provide the leading Australian public media space where people engage and share their experiences. In the multi-platform, multi-channel media environment, it will do so by: fully embracing and developing digital platforms for diverse Australian content; creating opportunities for Australian creativity in audio-visual production, music and story-telling, including user-generated content and social media; being a town square that hosts national conversation via established and emerging media platforms; providing the most reliable and relevant source of news and information across all platforms; strengthening the ABC s presence and capacity in regional Australia; and engaging with audiences in Asia and the Pacific through the combined strength of Radio Australia and Australia Plus. In delivering its media services, the ABC uses transmission and distribution services provided by a third party or parties. The ABC provides oversight of these arrangements through a range of Transmission Service Agreements. In managing these Agreements, the ABC strives to ensure, to the greatest extent possible, that all Australian communities have reliable access to all relevant national and local broadcasting services. The Transmission Service Agreements ensure that the ABC continues to provide: audiences in Australia and overseas with access to ABC satellite and analog terrestrial radio transmission services; 55
audiences in Australia with access to ABC digital television services; and audiences in Australian capital cities with access to ABC digital radio services, in accordance with Government-approved implementation policy. 56
Outcome expense statement Table 2.1 provides an overview of the total expenses for Outcome 1, by programme. Table 2.1: Budgeted Expenses for Outcome 1 Outcome 1: 2014-15 2015-16 Informed, educated and entertained audiences - throughout Estimated Budget Australia and overseas - through innovative and comprehensive actual media and related services expenses estimate $'000 $'000 Programme 1.1: ABC General Operational Activities Revenue from Government Ordinary annual services (Appropriation Bill No. 1) 868,364 866,830 Payment from related entities 10,588 - Revenues from other independent sources 131,422 136,995 Total for Programme 1.1 1,010,374 1,003,825 Programme 1.2: ABC Transmission and Distribution Services Revenue from Government Ordinary annual services (Appropriation Bill No. 1) - 197,583 Total for Programme 1.2-197,583 Programme 2.1: ABC Analog Transmission Revenue from Government Ordinary annual services (Appropriation Bill No. 1) 76,096 - Total for Programme 2.1 76,096 - Programme 3.1: Access to digital TV services Revenue from Government Ordinary annual services (Appropriation Bill No. 1) 114,988 - Total for Programme 3.1 114,988 - Programme 4.1: Access to digital radio services Revenue from Government Ordinary annual services (Appropriation Bill No. 1) 3,767 - Total for Programme 4.1 3,767 - Outcome 1 Totals by resource type Revenue from Government Ordinary annual services (Appropriation Bill No. 1) 868,364 1,064,413 Payment from related entities 10,588 - Revenues from other independent sources 131,422 136,995 Total expenses for Outcome 1 1,205,225 1,201,408 2014-15 2015-16 Average Staffing Level (number) (a) 4,540 4,350 (a) Estimated staffing numbers may vary depending on staffing levels associated with various projects and production activity. Note: Departmental appropriation splits and totals are indicative estimates and may change in the course of the budget year as government priorities change. The ABC is not directly appropriated as it is a Corporate Commonwealth Entity. Appropriations are made to the Department of Communications which are then paid to the ABC and are considered departmental for all purposes. 57
Contributions to Outcome 1 Programme 1.1: ABC General Operational Activities Programme Objective - ABC General Operational Activities Provides distinctive radio programs that serve all local and regional communities throughout Australia, and satisfy diverse audience needs, nationally and internationally. Presents television programs of wide appeal and more specialised interest that contribute to the diversity, quality and innovation of the industry generally. Engages audiences through new media services, including on broadband and mobile platforms. The ABC will give specific focus to: continuing to develop the role of ABC local radio and online services as the primary points of connection for communities across Australia at times of emergency; expanding the range of quality Australian content offered across television multi-channels, to be delivered via a number of in-home and mobile devices, and supported by broadband delivery; providing news and current affairs coverage through its dedicated 24-hour news channel; developing and deploying innovative projects that explore the potential of existing and emerging digital media platforms; extending audience experience of content across a variety of formats; offering the independent television production sector an environment to explore and create compelling programmes delivering enhanced services to audiences in regional and rural Australia, via the new Regional division; and strengthening the reach and impact of ABC international media services in designated target countries. 58
Programme expenses 2014-15 2015-16 2016-17 2017-18 2018-19 Estimated Budget Forward Forward Forward actual estimate estimate estimate $'000 $'000 $'000 $'000 $'000 Annual departmental expenses: Departmental item 1,010,374 1,003,825 955,684 962,083 964,705 Total programme expenses 1,010,374 1,003,825 955,684 962,083 964,705 Programme 1.1 Deliverables Providing a diverse mix of Australian content across all ABC platforms radio, television, online and other digital platforms. Providing high-quality news and current affairs content on all ABC platforms. Responding to emergencies and events of major significance. Providing Australian music content on ABC radio services. Providing an integrated television programming and scheduling strategy across ABC television channels, the internet and other emerging platforms. Providing first-release Australian television content, including drama, documentaries and children s drama. Providing Australian content aimed at children. Providing creative and innovative television content, including creating opportunities for emerging Australian artistic talent. Making a wide range of ABC content available through time-shifting, podcasts, video-on-demand and streaming. Providing relevant, high-quality and multilingual content to audiences in Asia and the Pacific using radio, television, online and other digital platforms. 59
Programme 1.1 key performance indicators ABC general operational activities Indicators 2015 16 Measures Radio Share Radio Reach Television Share Television Reach Online Audience Reach International Reach Audience /Community Appreciation Editorial Standards Australian Content Australian Music Total Podcasts Level achieved in 2015 16 compared with results in 2014 15. Level achieved in 2015 16 compared with results in 2014 15. Levels achieved in 2015 16 compared with results in 2014-15. Level achieved in 2015 16 compared with results in 2014 15. Level achieved in 2015 16 compared with results in 2014 15. Levels achieved in 2015-16 compared with previous years and based on available research in particular countries. Percentage of people who consider the quality of programming on ABC Radio, ABC Television and ABC Online is good in 2015 16 compared with results in 2014 15. Results of Editorial Policy Assurance Surveys relating to news and information on ABC Radio, ABC Television and ABC Online. Efficiency of complaints management measured by performance against statutory timelines. Percentage of first-run Australian content in 2015 16 compared with 2014-15. Percentage of Australian children s television programmes on ABC Kids and ABC3 in 2015 16 compared with 2014 15. Levels of Australian music on those radio networks that broadcast music. Level achieved in 2015 16 compared with 2014 15. 60
Programme 1.2: ABC Transmission and Distribution Services Programme Objective ABC Transmission and Distribution Services Effectively manage Transmission Service Agreements in order to: provide ABC satellite and analog terrestrial radio transmission services provide ABC satellite and digital terrestrial television transmission services; and maintain digital radio transmission services to the five mainland state capital cities. The ABC will give specific focus to: maintaining the reach and quality of audience access to ABC analog broadcasting services year-on-year; and minimising the occurrence and duration of unscheduled outages. Programme expenses 2014-15 2015-16 2016-17 2017-18 2018-19 Estimated Budget Forward Forward Forward actual estimate estimate estimate $'000 $'000 $'000 $'000 $'000 Annual departmental expenses: Departmental item 194,851 197,583 201,884 206,719 210,971 Total programme expenses 194,851 197,583 201,884 206,719 210,971 2014-15 figure represents Analog Transmission $76,096, Digital Television Services $114,988, and Digital Radio Services $3,767, which were previously reported under Outcomes 2, 3 and 4 respectively. Programme 1.2 deliverables Managing Transmission Service Agreements for the reliable and efficient provision of satellite and analog terrestrial radio transmission services, digital terrestrial television services, and digital radio services. Maintaining, with transmission service providers, a comprehensive reporting system of transmission network performance. Monitoring audience responses to transmission issues to help ensure any faults are rectified promptly. 61
Programme 1.2 key performance indicators ABC Transmission and Distribution Services Indicators 2015 16 Measures Degree to which the Australian population has access to ABC analog radio transmissions Number of international analog radio terrestrial transmission services Degree to which the Australian population has access to ABC digital television transmissions Degree to which the five mainland state capital cities have access to ABC digital radio transmissions Audience contacts via the ABC Reception Advice Line Transmission performance as reported by Broadcast Australia, the ABC s transmission services provider Terrestrial facilities operate within the limits set by the relevant Transmitter Licence and the approved Implementation Plan 2015 16 results compared with 2014 15. Number in 2015 16 compared with 2014 15. 2015 16 results compared with 2014 15. 2015 16 results compared with 2014 15. Level achieved in 2015 16 compared with results in 2014 15. Levels of Total Network Availability and Total On-air Availability in 2015 16 compared with 2014 15. All facilities meet requirements. 62
Section 3: Explanatory tables and budgeted financial statements Section 3 presents explanatory tables and budgeted financial statements which provide a comprehensive snapshot of entity finances for the 2015-16 budget year. It explains how budget plans are incorporated into the financial statements and provides further details of the reconciliation between appropriations and programme expenses, movements in administered funds, special accounts and government indigenous expenditure. 3.1 EXPLANATORY TABLES 3.1.3 Australian Government Indigenous expenditure Table 3.1.3: Australian Government Indigenous expenditure (AGIE) Approp Approp Special Total Other Total Programme Bill Bill approp approp No.1 No. 2 $'000 $'000 $'000 $'000 $'000 $'000 ABC Outcome 1 Departmental 2015-16 7,929 - - 7,929-7,929 All Departmental 2014-15 8,903 - - 8,903-8,903 All Total outcome 2015-16 7,929 - - 7,929-7,929 Total outcome 2014-15 8,903 - - 8,903-8,903 Total AGIE 2015-16 7,929 - - 7,929-7,929 Total AGIE 2014-15 8,903 - - 8,903-8,903 Expenditure may vary depending on changes in activity levels on projects and production activity 63
3.2 BUDGETED FINANCIAL STATEMENTS 3.2.2 Analysis of budgeted financial statements The ABC is budgeting for an operating surplus of $5.7 million in 2015-16. This represents a component of the Corporation s ongoing funding base that is received as part of revenues from Government, which is applied to debt financing. Revenues from Government are budgeted to increase by $1.2 million for 2015-16. This is comprised principally of indexation on base funding and additional funding for Digital Content Delivery, offset by reductions related to efficiency and other savings measures. Own-source revenues are principally comprised of revenues from ABC Commercial activities, as well as other minor amounts from co-production arrangements, facilities hire, services provided, interest and commissions. These revenues are largely offset by related costs of sales or represent recoveries of costs incurred. In 2014-15, own-source revenues included receipts from the Department of Foreign Affairs and Trade under the Australian Network contract, which have ceased in 2015-16 with the termination of contract during 2014-15. Total expenses are budgeted to decrease by a net $3.8 million overall for 2015-16. This is comprised principally of a reduction in employee costs in response to efficiency savings and cessation of costs relating to Australia Network, offset by additional costs relating to Digital Content Delivery and depreciation expense. Implementation of efficiency savings has also resulted in increased employee costs for 2014-15 from additional one-off termination payments, offset by other savings. Departmental Balance Sheet The ABC s budgeted net asset position for 2015-16 of $1.0 billion represents an increase of $5.7 million from the estimated actual for 2014-15. This increase comprises the budgeted operating surplus of $5.7 million for 2015-16, being predominantly the annual base funding component applied to debt financing. 64
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 2014-15 2015-16 2016-17 2017-18 2018-19 Estimated Budget Forward Forward Forward actual estimate estimate estimate $'000 $'000 $'000 $'000 $'000 EXPENSES Employee benefits 539,619 478,898 490,811 503,081 515,658 Suppliers 572,622 623,643 565,015 564,746 559,809 Depreciation and amortisation 92,217 96,184 98,292 98,292 98,292 Finance costs 767 2,683 3,450 2,683 1,917 Total expenses 1,205,225 1,201,408 1,157,568 1,168,802 1,175,676 LESS: OWN-SOURCE INCOME Own-source revenue Sale of goods and rendering of services 138,285 138,285 138,285 138,285 138,285 Interest 5,069 4,393 4,345 4,045 4,218 Other 10,588 - - - - Total own-source revenue 153,942 142,678 142,630 142,330 142,503 Gains Sale of assets 6,190 - - - - Total gains 6,190 - - - - Total own-source income 160,132 142,678 142,630 142,330 142,503 Net cost of (contribution by) Services 1,045,093 1,058,730 1,014,938 1,026,472 1,033,173 Revenue from Government 1,063,215 1,064,413 1,019,714 1,031,732 1,039,389 Surplus (Deficit) attributable to Australian Government 18,122 5,683 4,776 5,260 6,216 OTHER COMPREHENSIVE INCOME Total other comprehensive income - - - - - Total comprehensive income 18,122 5,683 4,776 5,260 6,216 Total comprehensive income (loss) attributable to the Australian Government 18,122 5,683 4,776 5,260 6,216 Prepared on Australian Accounting Standards basis. 65
Table 3.2.2: Budgeted departmental balance sheet (as at 30 June) 2014-15 2015-16 2016-17 2017-18 2018-19 Estimated Budget Forward Forward Forward actual estimate estimate estimate $'000 $'000 $'000 $'000 $'000 ASSETS Financial assets Cash and equivalents 4,813 4,813 4,813 4,813 4,813 Trade and other receivables 204,186 206,163 209,609 224,108 246,920 Investments accounted for under the equity method 17,958 17,958 17,958 17,958 17,958 Other financial assets 5,817 5,817 5,817 5,817 5,817 Total financial assets 232,774 234,751 238,197 252,696 275,508 Non-financial assets Land and buildings 637,874 726,981 680,606 648,231 615,856 Property, plant and equipment 223,130 262,255 267,198 261,572 248,589 Intangibles 35,574 44,336 53,098 61,860 70,622 Inventories 143,144 143,144 143,144 143,144 143,144 Other non-financial assets 143,432 30,144 30,144 30,144 30,144 Total non-financial assets 1,183,154 1,206,860 1,174,190 1,144,951 1,108,355 Total assets 1,415,928 1,441,611 1,412,387 1,397,647 1,383,863 LIABILITIES Payables Suppliers 73,449 73,449 73,449 73,449 73,449 Other payables 25,065 25,065 25,065 25,065 25,065 Total payables 98,514 98,514 98,514 98,514 98,514 Interest bearing liabilities Loans 70,000 90,000 70,000 50,000 30,000 Total interest bearing liabilities 70,000 90,000 70,000 50,000 30,000 Provisions Employee provisions 183,656 183,656 183,656 183,656 183,656 Other provisions 2,400 2,400 2,400 2,400 2,400 Total provisions 186,056 186,056 186,056 186,056 186,056 Total liabilities 354,570 374,570 354,570 334,570 314,570 Net assets 1,061,358 1,067,041 1,057,817 1,063,077 1,069,293 66
Table 3.2.2: Budgeted departmental balance sheet (as at 30 June) (continued) 2014-15 2015-16 2016-17 2017-18 2018-19 Estimated Budget Forward Forward Forward actual estimate estimate estimate $'000 $'000 $'000 $'000 $'000 EQUITY (a) Parent entity interest Contributed equity 107,640 107,640 93,640 93,640 93,640 Reserves 653,125 653,125 653,125 653,125 653,125 Retained surplus (accumulated deficit) 300,593 306,276 311,052 316,312 322,528 Total parent entity interest 1,061,358 1,067,041 1,057,817 1,063,077 1,069,293 Total equity 1,061,358 1,067,041 1,057,817 1,063,077 1,069,293 Prepared on Australian Accounting Standards basis. (a) Equity is the residual interest in assets after deduction of liabilities. 67
Table 3.2.3: Departmental statement of changes in equity - summary of movement (Budget year 2015-16) Retained Asset Other Contributed Total earnings revaluation reserves equity/ equity reserve capital $'000 $'000 $'000 $'000 $'000 Opening balance as at 1 July 2015 Balance carried forward from previous period 300,593 653,125-107,640 1,061,358 Adjusted opening balance 300,593 653,125-107,640 1,061,358 Comprehensive income Surplus (deficit) for the period 5,683 - - - 5,683 Total comprehensive income 5,683 - - - 5,683 of which: Attributable to the Australian Government 5,683 - - - 5,683 Transactions with owners Contributions by owners Sub-total transactions with owners - - - - - Estimated closing balance as at 30 June 2016 306,276 653,125-107,640 1,067,041 Closing balance attributable to the Australian Government 306,276 653,125-107,640 1,067,041 Prepared on Australian Accounting Standards basis. 68
Table 3.2.4: Budgeted departmental statement of cash flows (for the period ended 30 June) 2014-15 2015-16 2016-17 2017-18 2018-19 Estimated Budget Forward Forward Forward actual estimate estimate estimate $'000 $'000 $'000 $'000 $'000 OPERATING ACTIVITIES Cash received Appropriations 1,063,215 1,064,413 1,019,714 1,031,732 1,039,389 Sale of goods and rendering of services 138,285 138,285 138,285 138,285 138,285 Interest 5,069 4,393 4,345 4,045 4,218 Other 79,104 76,856 63,063 63,378 62,151 Total cash received 1,285,673 1,283,947 1,225,407 1,237,440 1,244,043 Cash used Employees 539,619 478,898 490,811 503,081 515,658 Suppliers 572,622 623,643 565,015 564,746 559,809 Other 69,283 79,539 66,513 66,061 64,068 Total cash used 1,181,524 1,182,080 1,122,339 1,133,888 1,139,535 Net cash from (used by) operating activities 104,149 101,867 103,068 103,552 104,508 INVESTING ACTIVITIES Cash received Proceeds from sales of property, plant and equipment 18,214 25,000 14,000 - - Investments 23,088-14,000 - - Total cash received 41,302 25,000 28,000 - - Cash used Purchase of property, plant and equipment 164,814 144,890 79,622 69,053 61,696 Other 18,782 1,977 17,446 14,499 22,812 Total cash used 183,596 146,867 97,068 83,552 84,508 Net cash from (used by) investing activities (142,294) (121,867) (69,068) (83,552) (84,508) 69
Table 3.2.4: Budgeted departmental statement of cash flows (for the period ended 30 June) (continued) 2014-15 2015-16 2016-17 2017-18 2018-19 Estimated Budget Forward Forward Forward actual estimate estimate estimate $'000 $'000 $'000 $'000 $'000 FINANCING ACTIVITIES Cash received Cash received from borrowings 50,000 20,000 - - - Total cash received 50,000 20,000 - - - Cash used Repayments of borrowings - - 20,000 20,000 20,000 Dividends paid 11,855-14,000 - - Total cash used 11,855-34,000 20,000 20,000 Net cash from (used by) financing activities 38,145 20,000 (34,000) (20,000) (20,000) Net increase (decrease) in cash held - - - - - Cash and cash equivalents at the beginning of the reporting period 4,813 4,813 4,813 4,813 4,813 Cash and cash equivalents at the end of the reporting period 4,813 4,813 4,813 4,813 4,813 Prepared on Australian Accounting Standards basis. 70
Table 3.2.5: Departmental capital budget statement (for the period ended 30 June) 2014-15 2015-16 2016-17 2017-18 2018-19 Estimated Budget Forward Forward Forward actual estimate estimate estimate $'000 $'000 $'000 $'000 $'000 NEW CAPITAL APPROPRIATIONS Loans - Bill 2 50,000 20,000 - - - Total capital appropriations 50,000 20,000 - - - Total new capital appropriations Provided for: Purchase of non-financial assets 50,000 20,000 - - - Total Items 50,000 20,000 - - - PURCHASE OF NON-FINANCIAL ASSETS Funded by capital appropriations 61,233 20,000 - - - Funded internally from departmental resources 103,581 124,890 79,622 69,053 61,696 TOTAL 164,814 144,890 79,622 69,053 61,696 RECONCILIATION OF CASH USED TO ACQUIRE ASSETS TO ASSET MOVEMENT TABLE Total purchases 164,814 144,890 79,622 69,053 61,696 Total cash used to acquire assets 164,814 144,890 79,622 69,053 61,696 Prepared on Australian Accounting Standards basis. 71
Table 3.2.6: Statement of asset movements (Budget year 2015-16) Land Buildings Other Computer Total property, software plant and and equipment intangibles $'000 $'000 $'000 $'000 $'000 As at 1 July 2015 Gross book value 182,965 511,224 647,906 104,510 1,446,605 Accumulated depreciation/amortisation and impairment (15) (56,300) (424,776) (68,936) (550,027) Opening net book balance 182,950 454,924 223,130 35,574 896,578 CAPITAL ASSET ADDITIONS Estimated expenditure on new or replacement assets By purchase - appropriation ordinary annual services - 11,819 57,433 17,548 86,800 By purchase - other 1,400 143,304 26,674-171,378 Total additions 1,400 155,123 84,107 17,548 258,178 Other movements Depreciation/amortisation expense - (42,416) (44,982) (8,786) (96,184) Disposals Disposals/Writedowns (20,100) (4,900) (20,000) - (45,000) Disposals/Writedowns (Accumulated depreciation) - - 20,000-20,000 Total other movements (20,100) (47,316) (44,982) (8,786) (121,184) As at 30 June 2016 Gross book value 164,265 661,447 712,013 122,058 1,659,783 Accumulated depreciation/amortisation and impairment (15) (98,716) (449,758) (77,722) (626,211) Closing net book balance 164,250 562,731 262,255 44,336 1,033,572 Prepared on Australian Accounting Standards basis. 72