Section 3: Explanatory tables and budgeted financial statements

3.2.2 Analysis of budgeted financial statements

Budgeted departmental income statement

Total revenue

Accommodation charges have increased due to revisions of tariff rates in line with the increase in Centrelink benefits.

Other grants reflect the funding expected to be received from DEEWR through the Indigenous Youth Mobility Program until 30 June 2012. The contract with DEEWR for delivery in seven locations (Darwin, Alice Springs, Port Augusta, Adelaide, Dubbo, Coffs Harbour and Hobart) is due to end in June 2012. As a result, there is a marked reduction in total income from 2012–13.

Total expenses

Suppliers ― this includes food, materials, services and sundry expenses and the increase is reflective of new hostels.

Depreciation and amortisation ― the higher level of depreciation expenditure flows from completion of fire safety and occupational health and safety works appropriated to AHL as part of capital equity injection.

Grants ― this item represents the community hostels grants of minor capital and operating nature to approved organisations to operate hostels.

The contract with DEEWR for the delivery of services for the participants in the Indigenous Youth Mobility Program in seven locations (Darwin, Alice Springs, Port Augusta, Adelaide, Dubbo, Coffs Harbour and Hobart) is due to end in December 2012. As a result, there is a marked reduction in both total income and expenditure from 2012–13.

Budgeted departmental balance sheet

The major variations between estimated actuals for 2010–11 and the budget for 2011–12 in the balance sheet are as follows:

• 
  investment activity in non-current assets continues to increase in 2011–12 due to capitalisation of the Port Hedland hostel.
  
• 
  the cash balance reflects the nature of hostel major maintenance and construction works, as they normally take two to three years to complete. Consequently, actual payments are spread over two financial years. The notable decrease in the cash balance in 2011–12 is due to payment for construction of the Port Hedland hostel.
  
• 
  the receivables are fairly stable and include items such as GST refunds due from the Australian Taxation Office and trade debtors.
  
• 
  liabilities are expected to remain at similar level for the next three financial years.
  

Budgeted departmental statement of cash flows

Budgeted cash flows, as reflected in the statement of cash flows, provide important information on the extent and nature of cash flows by categorising them into expected cash flows from operating activities, investing activities and financing activities. The major variations between estimated actuals for 2010–11 and the budget for 2011–12 in the statement of cash flows are as follows:

• 
  The decrease in total cash in 2011–12 is linked to the payment for the construction of the Port Hedland hostel and the secondary education boarding facility in Wadeye.
  
• 
  The trend in payments to suppliers and employees is in line with the comments provided under the expenses category in the income statement.
  

Departmental statement of changes in equity—summary of movement

The change in the statement of equity is $0.001 million surplus for the 2011-12 financial year.

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)

Prepared on Australian Accounting Standards basis.

Table 3.2.2: Budgeted departmental balance sheet (as at 30 June)


Table 3.2.3: Departmental statement of changes in equity—summary of movement (Budget year 2011–12)

Prepared on Australian Accounting Standards basis.

Table 3.2.4: Budgeted departmental statement of cash flows (for the period ended 30 June)

Table 3.2.5: Departmental capital budget statement

Prepared on Australian Accounting Standards basis.

Table 3.2.6: Statement of asset movements (2011–12)

Prepared on Australian Accounting Standards basis.

3.2.4 Notes to the financial statements

The financial statements have been prepared in accordance with Australian Equivalent of International Financial Standards and other pronouncements of the Australian Accounting Standards Board and the Corporations Act 2001.

The financial statements are prepared on an accrual basis and in accordance with historical cost convention.

The accounting policies adopted that underpin these statements are consistent with those applied in 2010–11.

Reference should be made to AHL’s Annual Report for 2011–12 for detailed disclosure of the AHL’s accounting policies.

Indigenous Business Australia

Agency resources and planned performance

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