Australian Customs and Border Protection Service Agency resources and planned performance

3.2 Budgeted Financial Statements

3.2.1 Differences in Agency Resourcing and Financial Statements

3.2.2 Analysis of Budgeted Financial Statements

Departmental

The movement in appropriation revenue between 2013–14 and 2014–15 is due to the net impact of the transfer of the Anti-Dumping Commission to the Department of Industry ($60.4 million) on 27 March 2014 which implemented the government’s machinery of government changes and the impact of funding that terminates in June 2014. The reduction is offset by additional funding received in 2014–15 as part of government decisions. The net additional funding received in 2014-15 is also impacted by both savings and efficiencies agreed by government across a number of budget years and the impact of wage and price adjustments.

The decrease in the revenue from government (appropriations) of $23.0 million between 2013–14 and 2014–15 is primarily due to the net impact of additional funding for the following:

• 
  an increase of $3.7 million for the Combating people smuggling – international engagement measure impacting on 2014-15 only
  
• 
  an increase of $30.2 million for the Smaller Government - strengthen and enhance Australia’s Border protection services measure.
  

• 
  $1.7 million for the Efficiency dividend – a further temporary increase of 0.25 per cent measure
  
• 
  $10.5 million in funding for 2013-14 reflecting an adjustment for Funding for pre-existing measures affecting the public sector
  
• 
  a net reduction in funding of $10.6 million for the transfer of the Anti-Dumping Commission from ACBPS to the Department of Industry; and
  
• 
  a net reduction in funding of $1.4 million for the Revised Occupational Density Target [PRODAC] measure.
  

The decrease in revenue from government across the forward estimates from 2014-15 to 2015-16 is a function of the impacts of terminating measures, with the most noticeable being the cessation of the measures that provide funding for the leases for ACV Triton ($16.8 million) and ACV Ocean Protector ($25.0 million).

In addition, the revenue from government across the forward estimates is also impacted by the change in growth of passenger volumes resulting in decreased funding received through the Passenger Workload Growth Model offset by the impact of adjustments to wage and price indices adjustments.

Revenue estimated to be received from the sale of goods and services remains relatively stable between 2013–14 and 2014–15.

The ACBPS’s net asset (equity) position for 2014‑15 is estimated to be $588.5 million, representing an increase of $61.7 million from the 2013‑14 revised budget position ($526.8 million). The net increase in the Service’s net equity position is due to additional funding agreed for capital investment.

There is the potential for the asset and equity levels to change from budgeted levels as a result of a range of adjustments being made to the ACBPS’s balance sheet as part of the finalisation of the 2013‑14 financial statements.

Administered

In 2014–15 the ACBPS is estimated to collect $9,269.3 million in customs duty, an increase of $240.7 million (or 2.8%) over the 2013–14 estimate. This increase is due primarily to the expected increase in revenue collections in 2014–15 across all duty categories with the exception of textiles, clothing and footwear (TCF) due to a TCF Tariff rate cut from 1 January 2015.

The ACBPS will also administer the collection of $1,254.4 million in other taxes, fines and fees revenue in 2014–15. Revenue collected as other taxes, fines and fees comprises $907.9 million for the passenger movement charge and $346.5 million for the import processing charge in 2014–15.

The collection of the passenger movement charge is estimated to increase by

The budgeted total administered assets position for the ACBPS in 2014‑15 is

Total liabilities administered by the ACBPS remain steady between 2013‑14 and

3.2 Budgeted Financial Statements Tables

Departmental

Table 3.2.1: Comprehensive Income Statement (Showing Net Cost of Services)
for the period ended 30 June

Table 3.2.1: Comprehensive Income Statement (Showing Net Cost of Services)

for the period ended 30 June (continued)

Prepared on Australian Accounting Standards basis

Table 3.2.2: Budgeted Departmental Balance Sheet (as at 30 June)

Prepared on Australian Accounting Standards basis

Table 3.2.3: Departmental Statement of Changes in Equity—Summary of Movement (Budget Year 2014‑15)

Prepared on Australian Accounting Standards basis

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