Financial Management and Accountability Orders (Financial Statements for reporting periods ending on or after 30 June 2005)
4This item must reflect total cash payments made under the special appropriation by the entity during the year.
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4 This item must reflect total cash payments made under the special appropriation by the entity during the year.
5 Entities must disclose their Portfolio Budget Statement estimate, and where relevant, adjust this estimate by their Portfolio Additional Estimates Statement estimate, for this item. Cash payments are not legally limited to Budget estimates.
Table D: Acquittal of Authority to Draw Cash from the Consolidated Revenue Fund - Special Appropriations (Refund Provisions)1, 2
| <br>Particulars of legislation providing appropriation3 | 2005 | 2004 |
| Refunds credited (net) (FMA s30) | | |
| Total charged to special appropriation | | |
| Budget estimate5 (list each other legislative provision that refunds have been made under) | | |
| Budget estimate5 (FMA s28) | | |
1 Where an entity has not used section 28 of the FMA Act or any other legislative provision allowing for refunds to be paid, that entity may make the following statement in the notes to their financial statements, in place of disclosing this table: “For the periods 2003-04 and 2004-05, (Entity) has not used section 28 of the FMA Act or any other legislative provision allowing for refunds to be paid.”
2 If the entity has made repayments using section 28 of the FMA Act or any other legislative provision for repayments required or permitted under law, the entity must disclose the aggregate of all those transactions in this table.
3 Prepare a separate table for each Act, current as at reporting date. In the heading to the table:
4 This item must reflect the total refunds made by the entity during the year (including s28 refunds if applicable).
5 Entities must disclose their Portfolio Budget Statement estimate, and where relevant, adjust this estimate by their Portfolio Additional Estimates Statement estimate, for this item. Cash payments are not legally limited to Budget estimates.
Table E: Acquittal of Authority to Draw Cash from the Consolidated Revenue Fund - Special Appropriations (Section 39 of the FMA Act)1
| Investment of Public Money:<br>Special Appropriations under section 39 of the FMA Act2 | 2005 | 2004 |
| Amount invested carried from previous period | | |
| Prior year investments redeemed in current year3 | | |
| Investments made during the year3, 4 | | |
| Redemptions of current year investments4 | | |
| Amount invested carried to the next period (sum of the above) | | |
1 Where an entity has a delegation but has not used section 39 of the FMA Act, that entity may make the following statement in place of disclosing this table: “For the periods 2003-04 and 2004-05, (Entity) has not used section 39 of the FMA Act.”
Section 4 - Financial Management and Accountability Orders (Financial Statements for reporting periods ending on or after 30 June 2005) - This item must reflect total cash payments made under the special appropriation by the entity during the year. | Zoe
2 In the heading to the table:
3 Where a section 39 investment has earnt interest, and that interest is redeemed and reinvested, entities must include the amount of interest in this item, and state that this amount includes interest and the amount of interest that is included.
4 This is the gross amount.
5 Entities must disclose their Portfolio Budget Statement estimate, and where relevant, adjust this estimate by their Portfolio Additional Estimates Statement estimate, for this item. Payments are not legally limited to Budget estimates.
Table F: Acquittal of Authority to Draw Cash from the Consolidated Revenue Fund - Special Appropriation (Limited Amount)1, 2, 3
Particulars of legislation providing appropriation (including purpose) 2005 2004
Appropriation by type Appropriation by type
Amount available carried from previous period
Appropriation for reporting period
Appropriations to take account of recoverable GST (FMA s30A) 4
Available for payments
Appropriations lapsed7
Amount available carried to the next period
Cash
Departmental appropriation receivable* 5,6,
Departmental appropriation receivable – drawing rights withheld by the Finance Minister (FMA s27(4))*5,6
1 Prepare a separate table for each Act, as current at reporting date. In the heading to the table:
(a) identify whether the special appropriation is administered or departmental; and
(b) disclose the outcomes it is associated with.
If a departmental special appropriation includes both outputs and capital funding, please provide separate columns for each type.
2 For cross-referencing purposes, where an entity makes disclosures under this Table, and at least one other entity has drawn from the same special appropriation, the entity making disclosures under this Table must name those other entities by making the following statement: “(Other entity/entities) also drew from (special appropriation provision/s).”
3 Agencies must disclose the amount of limited special appropriations that under the terms of the appropriation lapse due to the passage of time.
4 The amount recorded for this item will be the amounts of GST appropriated immediately before payments are made (i.e. cash paid basis), but will need to exclude GST appropriated for payments from Special Accounts. This will allow for comparability between appropriation disclosure under this Policy and the disclosure of special accounts under Policy 2E of this Schedule.
5 The amounts recorded in this table are primarily on a cash basis. However, where indicated by an asterisk (*) the amount recorded should be an accrual amount.
6 Entities must disclose the appropriation receivable net of that amount for which the Finance Minister “withheld the drawing right” and separately disclose the amount of appropriation receivable whose drawing rights have been withheld.
7 Lapsed for time, or any other, constraints contained within the provisions of the special appropriations enabling legislation. In this instance, there remains an unspent appropriation that is no longer available. This amount should reduce the ‘Amount available carried to the next period’.
2C.2 The disclosures required by this Policy for appropriations, including special appropriations, are to be included, in the form specified, regardless of whether the relevant amounts are considered to be material.
2C.3 For special appropriations, prepare a table for each Act.
2C.4 For special appropriations, where an appropriation has not been drawn on in the current and the previous year, in place of completing the tables above, an entity may elect to make an abbreviated disclosure that includes all of the following:
identify whether the special appropriation is administered or departmental;
identify the legislative provision that provides the authority for the special appropriation;
disclose the outcomes it is associated with;
state that the special appropriation was not drawn on in the current or previous year; and
for limited special appropriations, the balance available.
2C.5 Where there are material variances between the cash payments for the reporting period and the amount appropriated, otherwise authorised or estimated through Budget Estimates, entities should provide an explanation of those variances below the relevant Table.
2C.6 This Policy applies to both departmental and administered items.
2C.7 Refer to Policy 2A of this Schedule in relation to the recognition of appropriations.
Appropriation for refunds required or permitted by law
2C.8 Each Agency must ensure they have a valid appropriation for all amounts drawn from the Consolidated Revenue Fund for refunds (including repayments) required or permitted by law. These refunds, which include repayments made under section 28 of the FMA Act, should be recognised and/or disclosed under their valid appropriation, and as required by Table D of this Policy.
Investment of public money
2C.9 Each entity must recognise and/or disclose all public money invested in authorised investments under section 39 of the FMA Act or sections 18 and 19 of the CAC Act in Table E of this Policy. All money invested through a special account must also be disclosed in accordance with Policy 2E of this Schedule.
2D Reporting of Outcomes and Outputs
2D.1 Entities in the General Government Sector must disclose in the notes the following tables relating to outcomes and outputs:
Table A: Net Cost of Outcome Delivery
Outcome 11 Outcome …n1 Total2
Total expenses
Costs recovered 3
Total costs recovered
Other external revenues4
Total other external revenues
Net cost/(contribution) of outcome
2 Outcomes are to be as specified in the Appropriation Acts relevant to the entity.
2 The amounts in the total column for departmental items must agree to the entity’s Statement of Financial Performance and the amounts in the total column for administered items must agree to the entity’s totals in the Schedule of Administered Items.
2 Disclosure of cost recoveries is mandatory from the years ended 30 June 2003 onwards. Cost recoveries are defined in the Commonwealth Cost Recovery Guidelines for Information and Regulatory Agencies, Department of Finance and Administration, and in Definition of Terms of this Schedule.
2 Entities should disclose the nature of these external revenues by major class. Where these include intra- or inter- government charges, such charges should be shown separately.
Table B: Major Departmental Revenues and Expenses by Output Groups and Outputs
Outcome 1#1 Output Group 1.1n Outcome
Output 1…n Group Total Total
Departmental expenses
Total departmental expenses
Funded by:
Show each relevant major class of revenues
Total departmental revenues
#1 Entities should prepare a separate Table B for each Outcome, with outcomes as specified in the Appropriation Acts relevant to the entity.
Paragraph 12.7 of AAS 29 Financial Reporting by Government Departments paragraph 12.7 requires disclosure of revenues and expenses by ‘major activity’, which includes outputs.
Table C: Major Classes of Administered Revenues and Expenses by Outcome1
Outcome 12 Outcome…’n’2 Total3
Revenues
Paragraph 12.9 of AAS 29 Financial Reporting by Government Departments requires disclosure of administered revenues and expenses by ‘major activity’.
Outcomes are to be as specified in the Appropriation Acts relevant to the entity.
The amounts in the total column for administered items must agree to the entity’s totals in the Schedule of Administered Items.
2D.2 Entities must disclose in footnotes to these Tables, that the net costs shown include intra-government costs (e.g. rent paid on Australian Government owned premises or fees for service) that would be eliminated in calculating the actual Budget outcome.
2D.3 Entities preparing these tables must attribute shared items using a basis that most accurately reflects the total cost or revenue to each output or outcome. If this basis differs from that used in preparing the Budget, additional disclosure must be included to explain the variation.
2D.4 Where an output or outcome changes during the year, entities must:
(a) match the changed output or outcome to accord with the adjusted output or outcome arrangements approved through the portfolio additional estimates process; and
(b) apportion the amounts disclosed between the new and former outputs or outcomes, based on the date that the change was approved through the portfolio additional estimates process, so that entities report against the original outputs or outcomes up to the date of the change and against the revised outputs or outcomes after that date.
2D.5 The attribution method used to apportion shared items must be reliable and must be disclosed in the text accompanying the tables (see AAS 29 paragraph 12.7).
2D.6 This Policy applies to both departmental and administered items.
2D.7 The amounts disclosed must be net of refunds and adjustments.
2E Special Accounts
2E.1 Entities must:
(a) prepare a separate table for each Special Account used during the year; or
(b) apply Clause 2E.3 of this Policy where the Special Accounts have not been used during the current year and comparative year; and
(c) disclose the following table/s or disclosure as required by Clause 2E.3 of this Policy, in the notes to the financial statements.
Table A: Special Accounts
| Full official title (eg account name)1, 2 | 2005 | 2004 |
| Balance carried from previous period * | | |
| Appropriation for reporting period3 | | |
| Costs recovered | | |
| GST credits (FMA s30A) | | |
| Realised investments | | |
| Other receipts (Show each major class)4 | | |
| Available for payments | | |
| Payments made (Show each major class) 4 | | |
| Repayments debited from the Special Account (s 28)5 | | |
| Investments debited from the Special Account (FMA s39) | | |
| Balance carried to the next period * | | |
| Represented by: | | |
| Cash – transferred to the Official Public Account | | |
| Cash – held by the entity | | |
| Total balance carried to the next period | | |
* Special Accounts cannot have a debit balance at any point.
In the heading information, entities should also indicate:
(a) whether the account is administered, departmental or Special Public Money in nature;
(b) the purpose of the Special Account; and
(c) disclose the authority under which the Special Account was established.
[Note: Where a Special Account was established by other Acts, the enabling legislation should also be disclosed.]
Where a Special Account’s status has changed during the year (e.g. established, varied, revoked or abolished), the nature and date of effect of each change should be included in the heading information. Where the nature of these changes are significant, consideration should be given as to whether two disclosure tables should be prepared for the “before” and “after” periods.
Each current year Appropriation Act should be reported on a separate line in the table and the total amount transferred and reported should agree with the Special Accounts disclosures as required by Policy 2C of this Schedule.
Major classes are as per the primary statements in Appendix A of this Schedule. Where legislation directly credits a Special Account with amounts, this table should include a line ‘Amounts credited under the (full name of) Act’. Where interest is credited to a Special Account, this table should include a line ‘Interest amounts credited’.
For all Special accounts the sum of the line ‘Investments debited from the Special Account (FMA s39)’ should add to the total figure reported in the table/s required by Policy 2C of this Schedule (except for/by AOFM).
Table B: Special Accounts Investment of Public Money 1, 2, 3
| Full official title of Special Account: Investment of Public Money under section 39 of the FMA Act and sections 18 and 19 of the CAC Act | 2005 | 2004 |
| Opening balance | | |
| Investments made | | |
| Interest earned | | |
| Transaction charges | | |
| Investments realised | | |
| Closing Balance | | |
1 If a delegation has been made under section 39 of the FMA Act or sections 18 and 19 of the CAC Act to the CEO of the entity in respect of the Special Account, and that delegation has been used, the entity must disclose the aggregate of all those transactions in this table.
2 Where an entity has not used section 39 of the FMA Act or sections 18 and 19 of the CAC Act in respect of the Special Account, that entity may make the following statement in place of disclosing this table: “For the periods 2003-04 and 2004-05, (Entity) has not used section 39 of the FMA Act or sections 18 and 19 of the CAC Act in respect of this Special Account.”
3 This Table must reflect investments made under section 39 of the FMA Act or sections 18 and 19 of the CAC Act by the entity in respect of this Special Account.
2E.2 Entities that externally invest amounts standing to the credit of a special account, using a valid delegation of Financial Management and Accountability Act 1997 (FMA Act) section 39 investment powers, or sections 18 and 19 of the Commonwealth Authorities and Companies Act (CAC Act) should disclose the net amount invested during the year in the text accompanying the Special Account table(s).
2E.3 Special Accounts which have not been used during the current year and comparative year, regardless of whether they have a nil or positive balance, may make this abbreviated disclosure instead of preparing the table at Clause 2E.1 of this Policy. This abbreviated disclosure would consist of:
(a) the Special Account’s title;
(b) whether the account is administered, departmental or Special Public Money in nature;
(c) the purpose of the Special Account;
(d) disclose the authority under which the Special Account was established;
(e) a statement noting the Special Account has not been used during the current year and comparative year; and
(f) the opening and closing balance.
2E.4 Disclosures required by this Policy are to be included, in the form specified, regardless of whether the relevant amounts are considered to be material.
2E.5 This Policy applies to both departmental and administered items.
3A Receivables
3A.1 At the end of the reporting period there must be shown, in a note, an aged analysis of receivables and provision for doubtful debts that are:
(a) current;
(b) overdue less than 30 days;
(c) overdue 30 to 60 days;
(d) overdue 61 to 90 days; and
(e) overdue more than 90 days.
3A.2 This Policy applies to both entity and administered items.
3B Internal Use Software
3B.1 This Policy applies to software held for internal entity use, whether internally developed or externally acquired. It does not apply to software held for sale or software that is an integral part of hardware.
3B.2 Internally developed and externally acquired computer software for internal use must initially be recognised and, where applicable, capitalised at the cost of development or acquisition.
3B.3 After initial recognition, internal use software should be carried at its cost less any accumulated amortisation and any accumulated write downs.
3B.4 The carrying amount of internal use software must be amortised or depreciated over the useful life of the software.
3B.5 This Policy applies to both entity and administered assets.
3C Non-Current Assets
3C.1 Entities must revalue every class of assets that include assets of the types listed below, on the fair value basis (or other valuation basis permitted by the transitional provisions of AASB 1041 Revaluation of Non-Current Assets):
land;
buildings;
subject to Clause 3C.2 of this Policy, infrastructure, plant and equipment;
heritage and cultural assets;
investment properties; and
investments that are financial assets of Public Financial Corporations that are measured at market value with any changes in value recognised in net surplus/deficit in the reporting period in which the change occurs.
All the above asset classes must be valued at their fair value at the end of the first reporting period beginning after 30 June 2004.
3C.2 The cost basis must be applied to:
(a) specialist military equipment assets;
(b) intangible assets; and
(c) investments, except for investments that are required to be accounted for in accordance with the equity method of accounting under an Australian Accounting Standard and those investments referred to at Clause 3C.1(f) of this Policy.
3C.3 Assets included in a class referred to in Clause 3C.1 of this Policy must be the subject of a formal valuation at least once every five years. A formal valuation is one:
carried out by an independent qualified expert; or
carried out in accordance with a methodology approved by an independent qualified expert.
3C.4 This Policy applies to both entity and administered assets.
3D Impairment of Non-Current
3D.1 This Policy applies to:
non-current assets of non-commercial entities where the future economic benefits comprising those assets are not primarily dependent on the asset’s ability to generate net cash inflows; and
entity and administered assets, except for administered investments in separate legal entities.
3D.2 This Policy does not apply to:
non current assets of commercial entities; and
non-current assets of non-commercial entities where the future economic benefits comprising those assets are primarily dependent on the asset’s ability to generate net cash inflows.
Such assets are subject instead to AAS 10 Recoverable Amount of Non-Current Assets if held at cost or deprival value or AASB 1041 Revaluation of Non-Current Assets if held at fair value.
3D.3 Budget-funded appropriations are not cash inflows generated by an entity’s non-current assets. Entities, or parts of entities, other than those whose predominant purpose is to generate net cash inflows, are not cash generating operations for the purpose of AASB 1041.
Impairment losses
3D.4 At each reporting date, entities must assess whether there is any indication that assets to which this Policy applies may be impaired.
3D.5 Where an asset is assessed as being impaired, the entity must estimate the recoverable amount of the asset. If the recoverable amount of the asset is less than its carrying amount, the carrying amount must be reduced to the recoverable amount. That reduction is an impairment loss.
3D.6 An impairment loss in respect of an asset measured on the cost basis must be recognised immediately as an expense. An impairment loss in respect of an asset measured at deprival value must be accounted for as a revaluation decrement in accordance with paragraphs 5.4 and 5.5 of AASB 1041.
3D.7 The recoverable amount of an asset is defined as the higher of its net selling price and its written-down current cost. Where an entity would not replace the remaining future economic benefits of an asset the written down current cost is zero.
Reversal of Impairment Losses
3D.8 An entity shall assess at each reporting date whether there is any indication that an impairment loss recognised in prior periods for an asset may no longer exist or may have decreased.
3D.9 If any indication referred to in Clause 3D.7 of this Policy exists, the entity must estimate the recoverable amount of the asset. If the recoverable amount is greater than the carrying amount of the asset, the carrying amount shall be increased to the recoverable amount. However, if the recoverable amount is greater than the carrying amount that would have been determined had no impairment loss been recognised, the asset must instead be restated at that latter amount. An increase in carrying amount under this paragraph is a reversal of an impairment loss.
3D.10 A reversal of an impairment loss in respect of an asset measured on the cost basis must be recognised immediately as revenue. A reversal of an impairment loss in respect of an asset measured at deprival value must be accounted for as a revaluation increment in accordance with paragraphs 5.4 and 5.5 of AASB 1041.
Disclosure
3D.11 In the notes to the financial statements, an entity must disclose:
(a) for each class of assets:
(i) the amount of impairment losses recognised as expense during the period; and
(ii) the amount of reversals of impairment losses recognised as revenue during the period.
(b) for each material impairment loss or reversal recognised in the period:
(i) the events and circumstances that lead to the recognition or reversal of the impairment loss;
the amount of the impairment loss recognised or reversed;
the nature of the asset;
whether the recoverable amount of the asset is its net selling price or its value in use; and
if recoverable amount is the net selling price, the basis used to determine net selling price (such as whether selling price was determined with reference to an active market or in some other way).
3E Analysis of Property, Plant and Equipment, and Intangibles
3E.1 The notes to the financial statements must include tables A, B, C and D below.
3E.2 This Policy applies to entity and administered items.
Table A: Reconciliation of the Opening and Closing Balances of Property, Plant and Equipment and Intangibles.
Item Land ($’000) Investment property ($’000) Buildings ($’000) Specialist military equipment ($’000) Other infra-structure, plant and equipment ($’000) Heritage and cultural assets ($’000) Computer software ($’000) Other intangibles ($’000)
As at 1 July (previous year)
Gross book value
Opening Net book value
Additions:
by purchase
by finance lease
from acquisitions of entities or operations (including restructuring)
Net revaluation increment/decrement
Reclassifications
Depreciation/amortisation expense
Recoverable amount write-downs
Other movements (give details below)
Disposals:
from disposal of entities or operations (including restructuring)
other disposals
As at 30 June (current year)
Gross Book Value
Closing Net Book Value
Table B: Property, Plant and Equipment and Intangibles at Valuation.
| Item<br> | Land<br> <br> <br> <br>($’000) | Investment property<br> <br> <br>($’000) | Buildings<br> <br> <br> <br>($’000) | Specialist military equipment<br> <br>($’000) | Other infra-structure, plant and equipment<br>($’000) | Heritage and cultural assets<br> <br>($’000) | Computer software<br> <br> <br>($’000) | Other intangibles<br> <br> <br>($’000) |
Table C: Property, Plant and Equipment and Intangibles Held under Finance Lease.
| Item<br> | Land<br> <br> <br> <br>($’000) | Investment property<br> <br> <br>($’000) | Buildings<br> <br> <br> <br>($’000) | Specialist military equipment<br> <br>($’000) | Other infra-structure, plant and equipment<br>($’000) | Heritage and cultural assets<br> <br>($’000) | Computer software<br> <br> <br> ($’000) | Other intangibles<br> <br> <br>($’000) |
Table D: Property, Plant and Equipment and Intangibles under Construction.
Item<br>
Buildings<br>($’000)
Specialist military equipment<br>($’000)
Other infra-structure, plant and equipment<br>($’000)
Computer software<br>($’000)
Other intangibles<br>($’000)<br> <br>
Gross value at 30 June (current year)
Gross value at 30 June (previous year)
3F Restricted Assets
3F.1 Where the use of an asset that is recognised in the Statement of Financial Position and/or Schedule of Administered Items is restricted, wholly or in part of, by regulations or other externally-imposed requirements, and information about those restrictions is relevant to assessing the performance or financial position of the entity, the following must be disclosed:
the identity and carrying amount of the assets; and
the nature of the restrictions.
3F.2 The policy applies to both entity and administered items.
3G Assets Held in Trust
3G.1 The financial statements of entities must include a note giving particulars of assets, cash and non-cash, held in trust.
3G.2 In relation to assets held in trust, the particulars required by Clause 3G.1 of this Policy must be provided as a summary of the categories of assets held at the end of the reporting period and the purpose for which they are being held.
3G.3 In relation to cash held in trust, the particulars required by Clause 3G.1 of this Policy must include, for each significant category of trust, the:
(a) total amount held at the beginning of the reporting period;
(b) total receipts during the reporting period;
(c) total payments during the reporting period; and
(d) total amount held at the end of the reporting period:
(i) by the entity; and
(ii) in the Official Public Account on behalf of the entity as a receivable.
3G.4 In relation to non-cash assets held in trust, the particulars required by Clause 3G.1 of this Policy must include, for each significant category of trust, except for assets held by intelligence and security entities:
a short description of each non-cash asset;
the value of assets acquired or disposed of during the reporting period; and
the value of assets at the end of the reporting period.
3H Sale of Administered Investments
3H.1 This Policy applies to administered investments measured on the cost basis and held for sale.
3H.2 Administered investments are held for sale when a person or persons with the power to do so has made a formal, documented decision that the assets will be sold.
Measurement at the time of the decision to sell
3H.3 The recoverable amount test in AAS 10 Recoverable Amount of Non-Current Assets is to be applied to all administered investment assets held for sale. The recoverable amount test must be initially applied as at the date of the decision to sell referred to in Clause 3H.2 of this Policy.
3H.4 In calculating the recoverable amount under AAS 10, cash flows should be discounted to their net present value.
3H.5 Immediately following the initial application of the recoverable amount test, an administered investment asset held for sale is classified as current or non-current based on the timing of the expected cash flows.
Subsequent Measurement
3H.6 Directly attributable selling costs incurred after the date of classifying an administered investment asset as held for sale are added to the cost of that asset as they are incurred. Where selling costs are directly attributable to a group of administered investment assets held for sale, but not to a single such asset, they should be recorded as a separate administered asset. All selling costs capitalised in accordance with this Policy must be allocated to administered investment assets held for sale at the end of each reporting period for the purposes of applying the AAS 10 recoverable amount test. Selling costs incurred before the date of the decision to sell are expensed.
3H.7 The AAS 10 recoverable amount test is applied to current and non-current administered investment assets held for sale at the end of each reporting period until the asset is sold, otherwise disposed of, or the decision to sell the asset is revoked. If the decision to sell the asset is revoked, the asset is no longer classified as held for sale and is restated on the cost basis. The amount of any restatement is recorded as ‘Administered Revenue – Reversal of Recoverable Amount Write-down’.
3H.8 Where directly attributable selling costs are controlled expenses of a Department, an amount equal to the portion incurred after the date of the decision to sell should be capitalised as part of the administered investment. The increase in the carrying amount of the administered investment is matched by an equivalent credit to ‘Administered revaluations taken to/from reserves’.
Transfer of Administered Investment Assets
3H.9 Where a decision to transfer an administered investment asset to another entity for sale has been taken, but it is not clear at what date that responsibility for the asset transferred, the asset is assumed to have transferred at the date of the decision to sell the asset.
3H.10 The initial application of the recoverable amount test referred to at Clause 3H.3 of this Policy is performed by the transferring Department, and any resultant write-down of the asset is recognised in that Department’s administered expenses.
3H.11 Transfers of administered investments held for sale must always be accounted for in accordance with Policy 5A of this Schedule.
Disclosures
3H.12 The following particulars must be disclosed in the administered notes for each asset sale:
(a) proceeds from sale;
(b) written-down value of assets sold, excluding capitalised selling costs attributable to the assets sold;
(c) capitalised selling costs; and
(d) net gain or loss on sale.
3I Heritage And Cultural Assets
3I.1 Heritage and cultural items should only be recognised as assets where they meet the definition and recognition criteria for an asset set out in Statement of Accounting Concepts 4 (SAC 4) Definition and Recognition of the Elements of Financial Statements.
3I.2 Where the use or holding of heritage and cultural assets are subject to restrictions, the fair value ascribed to those assets should reflect those restrictions.
3I.3 Heritage and cultural assets should not be depreciated if there is no foreseeable limit to the period over which they will be held and used.
3I.4 When an entity controls or administers heritage and cultural items that are not recognised as assets, the notes to the financial statements must include the following:
a description of those items;
the reason for non-recognition of those items;
the amount expended to acquire such items during the financial year; and
the amount of proceeds from the disposal of such items during the financial year.
3I.5 This Policy also applies to those components of buildings that have heritage or cultural value, where these can be separately identified from, and are material in relation to, the building as a whole.
3I.6 This Policy applies to both entity and administered items.
4A Contingent Liabilities and Contingent Assets
4A.1 Contingent liabilities and contingent assets that can be reliably measured must be included in the Schedule of Contingencies, in accordance with Appendix A of this Schedule, except where the probability of a liability or asset being recognised in the future is remote. Equivalent disclosure for administered contingent liabilities and contingent assets must be included in the Schedule of Administered Items.
4A.2 Contingent liabilities and contingent assets must be classified in accordance with the categories in the Schedule of Contingencies.
4A.3 A note to the financial statements titled ‘Contingent Liabilities and Contingent Assets’:
(a) must be included in each entity’s financial report;
(b) a separate note must be included for administered contingent liabilities and administered contingent assets;
(c) the note titles in both these cases need not refer to contingent assets if none exist;
(d) must include the information required by paragraph 14.6 of AASB 1044 Provisions, Contingent Liabilities and Contingent Assets;
(e) must include the information referred to at (d) above, in respect of any material remote contingencies; and
(f) must present separately information on non-remote and material remote contingencies
in the format of the Schedule of Contingencies in Appendix A.
4A.4 The reference in paragraph 14.8 of AASB 1044 to ‘entity’ must be read as ‘the entity, another Australian Government entity or the Australian Government as a whole’.
4B Commitments
4B.1 Commitments are:
(a) intentions to create liabilities, as evidenced by undertakings or agreements, to make future payments to other entities; and
(b) unrecognised liabilities that are Agreements Equally Proportionately Unperformed (AEPU) except where the AEPU is an onerous contract as defined in AASB 1044 Provisions, Contingent Liabilities and Contingent Assets.
4B.2 The nature, and where quantifiable the amount, of each category of commitments must be disclosed in a Schedule of Commitments in accordance with the tables in Appendix A. Equivalent disclosure for administered commitments must be included in the Schedule of Administered Items.
4B.3 The provisions of this Clause apply to both entity and administered items.
5A Restructure
5A.1 Where restructures have occurred during the reporting period, the financial statements of entities must include a note giving particulars of the restructure.
5A.2 Non-reciprocal transfers of assets and liabilities between:
(a) wholly owned Australian Government entities; or
(b) departmental and administered classifications
that are a transfer of obligations as outlined in AAS 29 as a result of:
an Australian Government decision;
an Administrative Arrangements Order (AAO);
an Act of Parliament or a Regulation under an Act; or
a Written Agreement between the relevant Portfolio Minister(s) and the Finance Minister or the Prime Minister, as appropriate;
are to be treated as contributions by, or distributions to, owners and must be recognised as direct adjustments to ‘Contributed Equity’ (Restructuring) at their net book value (less any token consideration) immediately prior to transfer. For the purposes of UIG Abstract 38 Contributions by Owners Made to Wholly-Owned Public Sector Entities, Clauses 5A.2 (i) to (iv) of this Policy are formal designations of transfers as contributions by or distributions to owners.
5A.3 Paragraphs 7.4, 10.6 – 10. 9 of AAS 29 Financial Reporting by Government Departments apply to all Australian Government entities.
5A.4 Transfers of administered assets or liabilities between two wholly owned Australian Government entities do not result in any revenues or expenses. Transfers of administered items must always be adjusted to Administered transfers to or from Government (Restructuring) at their net book value immediately prior to transfer.
5A.5 All other transfers of assets and liabilities from one entity to another must be treated as giving rise to revenues and expenses in the financial period the transfer occurs.
5A.6 This Policy applies to entity and administered items.
5B Analysis of Equity
5B.1 The notes for entities must include the following table reconciling the opening and closing balances of each class of departmental equity.
Table A: Analysis of Equity (Departmental)
A
B
C
D
E =<br>B + C + D
F
G =<br>A +E+ F
Item<br>
Accumulated results<br> <br>($’000)
Asset revaluation reserve<br>($’000)
Foreign currency translation reserve<br>($’000)
Other reserves<br> <br>($’000)
Total reserves<br> <br>($’000)
Contributed equity/capital<br>($’000)
Total<br>Equity<br>($’000)
Opening balance as at 1 July
Net surplus/deficit
Net revaluation increment/(decrement)
Changes in accounting policies
Currency translation gain/(loss)
Transactions with owners:
Distributions to owner:
Returns on Capital
Dividends
Returns of Capital
Other (give details)
Contributions by owners:
Appropriations<br> (equity injections)
Other (give details below)
Transfers to / (from) reserves
Closing balance as at 30 June
Less: Outside Equity Interests
Total equity attributable to the Australian Government
5B.2 Details of ownership transactions that result in changes in equity must be disclosed in the notes to the financial statements.
Returns on Capital - Dividends
5B.3 Where legislation provides that a Minister(s) may determine the amount to be paid as a dividend or similar distribution from a wholly-owned Australian Government entity, with or without recommendation or proposal from the entity, the entity must recognise a liability for that dividend or distribution at the date of the Ministerial determination.
5B.4 Where the entity is required to pay its full profit for the year to the Australian Government, a liability must be recognised for an amount equal to profit for the current year as at the entity’s reporting date.
5B.5 Where any entity is required to pay its profit for the year to the Australian Government after the deduction of certain amounts, a liability for dividend must be recognised if those amounts are known before the date of completion of the financial statements. If these amounts are not known before this date, the entity should instead disclose a contingent liability in the notes to the financial statements.
Repayments of Appropriations
5B.6 Where an Agency makes payments to the Official Public Account (OPA) in the nature of repayments of amounts appropriated but does not relinquish the right to redraw those amounts, the entity should account for this by increasing ‘Appropriations Receivable’. Such payments are neither returns on capital nor returns of capital. They do not affect the equity of the entity and should not be included in the Equity table.
Returns of Capital
5B.7 Where an entity relinquishes control of funds by making a non-reciprocal payment to the Official Public Account, other than as a dividend (as provided in Clauses 5B.3 to 5B.5 of this Policy, or otherwise), the entity shall account for the payment by debiting ‘Contributed Equity’.
5B.8 An entity shall recognise a debit to ‘Contributed Equity’, as required by Clause 5B.7 of this Policy, when a departmental appropriation is reduced pursuant to section 10, Appropriation Act (No. 3) 2003-2004 or section 12, Appropriation Act (No. 4) 2003-2004, to the extent the entity has not previously recognised a debit entry evidencing control of the appropriation has been relinquished.
Timing of recognition
5B.9 Reductions in equity under Clauses 5B.7 and 5B.8 of this Policy are recognised in the financial statements of the entity:
(a) if they are required by Ministerial direction, at the date of that direction;
(b) if they are reductions to departmental appropriations pursuant to section 10 Appropriation Act (No. 3) 2003-2004 or section 12, Appropriation Act (No. 4) 2003-2004, at the date of that direction; or
(c) in all other cases, at the date that payment is made.
6A Administered Reporting
6A.1 The financial statements of an entity, which administers activities for the Australian Government, must include a Schedule of Administered Items and associated Administered Notes:
(a) in the form prescribed in Appendix A Section 3 of this Schedule;
(b) including the Administered Reconciliation Table in accordance with Clause 6A.3 of this Policy;
(c) including disclosures in relation to accounting policies and financial instruments in accordance with the relevant accounting standards, and
(d) with background shading for the Schedule of Administered items and Administered Notes.
6A.2 The Schedule of Administered Items and Administered Notes must:
(a) to the extent that they are applicable, comply with sub-Clauses 1B.2(c) to 1B.2(h) of this Schedule;
(b) comply with all requirements of this Schedule that apply to those items including Policies 2A and 2C in relation to reporting of appropriations;
(c) show the amounts and particulars of the classes of revenues, expenses, assets, liabilities and cash flows administered on behalf of the Australian Government specified in Appendix A Section 3;
(d) disclose any material classes of revenues, expenses, assets, liabilities and cash flows administered on behalf of the Australian Government, not specified in Appendix A Section 3, under the heading to which they relate or create a new heading to suit the individual circumstances (eg rental income, audit fees);
(e) disclose any immaterial classes of revenues, expenses, assets, liabilities and cash flows administered on behalf of the Australian Government, not specified in Appendix A Section 3, in a class described as ‘other’ under the heading to which they relate;
(f) include in the line item for ‘Other' under revenues, expenses, assets, liabilities, commitments and contingencies administered on behalf of the Australian Government amounts not exceeding 10% of the total value of the respective category; and
(g) state in the heading or as a footnote in the Schedule of Administered Items a brief description of the activities being administered on behalf of the Australian Government.
6A.3 Administered Reconciliation Table
Note
2005
2004
Opening administered assets less administered liabilities at 1 July
Plus Administered revenues
Less Administered expenses
Administered transfers to/from Australian Government:<br>Appropriation Transfers from OPA:<br>Annual Appropriations Administered expenses<br>Administered assets and liabilities Appropriations<br>Special Appropriations (limited)<br>Special Appropriations (unlimited)<br>Transfers to OPA<br>Restructuring<br>Transfers to other Entities (Finance – Whole of Government)<br>Transfers from other Entities (Finance – Whole of Government)
Administered revaluations taken to/from reserves
Currency translation gain/loss
Changes in accounting policies
Closing administered assets less administered liabilities
6B Administered Investments
6B.1 The total amount of the Australian Government’s investment in each separate legal entity for which the Portfolio Minister is responsible must be disclosed in the Schedule of Administered Items. Details of the investments must be disclosed in the related Administered Notes.
6B.2 Administered investments, other than those required to be equity accounted for in accordance with 6B.5, are to be recognised on the cost basis. Administered investments measured on the cost basis and held for sale are subject to the recoverable amount test under AAS 10 Recoverable Amount of Non-Current Assets and Policy 3H Sale of Administered Investments of this Schedule.
(NB: This Clause is a simplified statement continuing past FMO requirements. In prior years, the FMOs required interests held as at 30 June 1997 which had been revalued before that date to be carried at their 30 June 1997 amount, and all other investments, other than those that were required to be equity accounted, to be carried at cost. Adjustments to these amounts were to be made as required by the (continuing) current Clause 6B.3 of this Policy. These policies effectively required administered investments on hand as at 30 June 2002 would be carried at cost or at deemed cost in accordance with the introduction of accounting standard AAS 38 Revaluation of Non-Current Assets in 2000-01 and its replacement AASB 1041 Revaluation of Non-Current Assets introduced in 2001-02).
6B.3 The carrying amount of the administered investments referred to in Clause 6B.2 of this Policy must not be adjusted except where required by:
(a) Clause 6B.4 of this Policy;
(b) another Policy of this Schedule; and/or
(c) an applicable Accounting Standard.
6B.4 Capital injections and withdrawals, and contributions by, or distributions to, owners, must be reflected in the carrying amount of administered investments.
6B.5 Administered investments that are required by an accounting standard to be equity accounted must be recognised in accordance with that accounting standard.
7A Compensation and Debt Relief in Special Circumstances (formerly Special Payments - Act of Grace, Ex Gratia, Waivers, CDDA and under section 73 of the Public Service Act 1999)
7A.1 Disclosures are required to be made in accordance with this Policy regardless of whether the relevant amounts are considered to be material.
7A.2 The financial statements must include a note showing any expenses and/or provisions in relation to each of the following compensation and debt relief mechanisms:
(a) act of grace payments, pursuant to subsection 33(1) of the Financial Management and Accountability Act 1997 (FMA Act);
(b) waivers of debt owing to the Australian Government, (being amounts that the entity would, but for the waiver, have been entitled to receive on behalf of the Australian Government);
(i) pursuant to subsection 34(1) of the FMA Act; and
(ii) pursuant to other legislation, which must be specified;
(c) payments under the Compensation for Detriment caused by Defective Administration (CDDA) Scheme;
(d) payments under approved ex-gratia programs, the nature of which must be identified; and
(e) payments in special circumstances relating to APS employment pursuant to section 73 of the Public Service Act 1999 (PS Act).
7A.3 The note must disclose the number of cases and aggregate amount for those cases expensed during the reporting period under each of the mechanisms specified at Clause 7A.2. In addition where any of the act of grace cases expensed during the reporting period include periodical payments for specified periods (paragraph 33(1)(b) of the FMA Act refers), the note must separately identify the number of such cases and the aggregate amount of expenses relating to those cases.
7A.4 The note must disclose the number and aggregate present value amount of those cases relating to any provisions at the end of the reporting period under each of the mechanisms specified at Clause 7A.2. This requirement is particularly relevant where cases under the act of grace mechanism include periodical payments for specified periods past the reporting date, but may also apply to any of the other mechanisms in particular circumstances.
7A.5 Each disclosure required by this Policy must be cross-referenced with other relevant notes, and/or schedules, as applicable.
7A.6 This Policy applies to departmental and administered items, both of which must be distinguished in the relevant note.
7B Director/Manager Remuneration
7B.1 Disclosures are required to be made in accordance with this Policy regardless of whether the relevant amounts are considered to be material.
7B.2 The following information must be disclosed in the notes to the financial statements in regard to the remuneration of Directors of a Commonwealth authority:
(a) the number of Directors of the Commonwealth authority whose total remuneration for the financial year derived from the Commonwealth authority in connection with the management of the affairs of the entity or its subsidiaries, whether as a Director or otherwise, falls within each band of $10,000; and
(b) the total of the remuneration referred to in paragraph (a) of all Directors referred to in that paragraph.
7B.3 The consolidated financial statements must include in a note the total of the remuneration of all Directors of each entity in the economic entity, comprising the Commonwealth authority and its subsidiaries, for the financial year.
7B.4 The following information must be disclosed in the notes to the financial statements in regard to the remuneration of managers:
(a) the aggregate remuneration of all managers of the entity whose remuneration for the financial year is $100,000 or more; and
(b) the number of managers of the entity whose total remuneration for the financial year falls within each successive $10,000 band, commencing at $100,000;
being remuneration received or due and receivable, directly or indirectly, from the entity or any related party in connection with the management of the affairs of the entity or any of its subsidiaries, whether as a manager or otherwise.
7B.5 The following information must be disclosed in the notes to the financial statements of an economic entity where an Agency or Commonwealth authority is the parent entity in the economic entity:
(a) the aggregate remuneration of all managers of the economic entity whose remuneration for the financial year is $100,000 or more; and
(b) the number of managers of the economic entity whose total remuneration for the financial year falls within each successive $10,000 band, commencing at $100,000;
being remuneration received or due and receivable, directly or indirectly, from the entities in the economic entity or a related party in connection with the management of the affairs of the entities in the economic entity, whether as a manager or otherwise.
7B.6 In addition to all other requirements of this Policy, the aggregate amount of separation and redundancy expenses for managers should be disclosed separately.
7C Remuneration of Auditors
7C.1 Disclosures are required to be made in accordance with this Policy regardless of whether the relevant amounts are considered to be material.
7C.2 The financial statements of an entity must include a note giving particulars of the remuneration of auditors for:
(a) auditing the financial statements for that reporting period; and
(b) any other services provided during that reporting period.
7C.3 The fair value of any of the services provided free of charge by the Auditor-General must also be shown.
7C.4 For the purpose of this Policy, performance audits are not taken to be services provided to an entity.
7C.5 Commonwealth authorities must disclose the extent to which auditors’ remuneration is paid to an auditor other than the Auditor-General.
APPENDIX A - FORMS OF FINANCIAL STATEMENTS, SCHEDULES AND NOTES:
Section 1: Commercial Reporting Entities
statement of financial performance for Commercial Reporting Entities
for the period ended ___________
REVENUE 2005 2004
Revenue from sale of assets (note x)
Reversals of previous asset write-downs (note x)
EXPENSE
Borrowing costs expense (note x)
Share of net profits or (losses) of associates and joint ventures accounted for using the equity method
Profit or (Loss) from Ordinary Activities Before Income Tax
Income tax expense or (revenue) relating to ordinary activities
Profit or (Loss) from Ordinary Activities After Income Tax
Profit or (loss) on extraordinary items after income tax expense or (revenue) (note x)
Net Profit or (Loss)
Outside equity interests in net profit or (loss)
Net Profit or (Loss) Attributable to the Australian Government
Net credit (debit) to asset revaluation reserve
Net exchange difference recognised as a direct debit (credit) to equity
Adjustments arising from Standards recognised as direct debit (credit) to equity
Initial adjustments from transitional UIG Consensus View recognised as a direct debit (credit) to equity
Total Revenues, Expenses and Valuation Adjustments attributable to Members of the Parent Entity and Recognised Directly in Equity[2]
Total Changes in Equity other than those resulting from transactions with Owners as Owners
statement of financial position for Commercial Reporting Entities
as at ____________
ASSETS
Current Assets
Cash (note x)[Note this can include Investments including (section 39 FMA Act; section 18 CAC Act; section 19 CAC Act)]
Tax assets
Total Current Assets
Non‑Current Assets
Investment (note x)
Heritage and cultural assets (note x)
Investment Property (note x)
Tax assets
Heritage and Cultural Assets (note x)
Other non-current assets (note x)
Total Non‑Current Assets
Total Assets
LIABILITIES
Current Liabilities
Interest bearing liabilities (note x)
Provisions (note x)
Payables (note x)
Tax liabilities (note x)
Total Current Liabilities
Non-Current Liabilities
Interest bearing liabilities (note x)
Provisions (note x)
Payables (note x)
Tax liabilities (note x)
Total Non‑Current Liabilities
Total Liabilities
EQUITY*
Parent Entity Interest
Statutory funds
Retained profits or (accumulated losses)
Total Parent Equity Interest
Outside Equity Interest
Retained profits or (accumulated losses)
Total outside equity interest
Total Equity
*Note: ‘Equity’ is the residual interest in assets after deduction of liabilities
Statement of Cash Flows for Commercial Reporting Entities
Operating Activities 2005 2004
Net Cash From or (Used by) Operating Activities
Proceeds from sales of property, plant and equipment
Proceeds from sales of financial instruments
Repayments of loans made
Purchase of property, plant and equipment
Purchase of financial instruments
Loans made
Net Cash From or (Used by) Investing Activities
Proceeds from issuing financial instruments
Proceeds from loans
Repayments of debt
Net Cash From or (Used by) Financing Activities
Net Increase or (Decrease) in Cash Held
Cash at the beginning of the reporting period
Effect of exchange rate movements on cash at the beginning of the reporting period
Cash at the End of the Reporting Period
SCHEDULE OF COMMITMENTS for Commercial Reporting Entities
As at________________________
Schedule of Contingencies for Commercial Reporting Entities
Contingent Liabilities Guarantees Indemnities Uncalled shares or capital subscriptions Claims for damages or costs Warranties Letters of Comfort TOTAL
Contingent Assets
Details of each class of contingent liabilities and contingent assets, including those not included above because they cannot be quantified, or are considered remote, are shown at Note [specify number]
Revenues
Corporation Law fees
License fees
Bills receivable
Revenue from Sale of Assets
Note: the amounts above are the gross proceeds from sale. The carrying amount of assets sold are recorded separately under Expenses below.
Reversal of Previous Asset Write-Downs
Assets revaluation increments
Revaluation of recoverable amount write-downs
Net Foreign Exchange Gains
Rents
Royalties
Other Revenues
Resources received free of charge (other than Government)
Expenses
Wages and salaries
Workers compensation premiums and claims
Note: Separation and redundancy payments must exclude any benefits that would have been accrued and payable if redundancy had not occurred (e.g. accrued leave entitlements and lump sum superannuation payments).
Note: Where supplier’s expenses relate to the provision of employee benefits included in a remuneration package, they should be included in employee expenses.
Local governments
Individuals
Depreciation and amortisation
Total Depreciation
Write-Down and Impairment of Assets
Non-Financial (refer to Table A in Policy 3E of this Schedule)
Other Expenses
Borrowing Costs Expense
Assets
Cash
Trust Accounts
Interest and dividends
Patents, trade marks, brand names, licences
Purchased (include any modification cost)
Internally developed
Research and development expenditure capitalised
Goodwill
Investments Accounted for under the Equity Method
Investments in associates
Investments in joint ventures
Investment Property
Other Investments
Gold
Investments (section 18 of CAC Act)
Other Current Assets
Land
Infrastructure, Plant and Equipment
Other Non-Current Assets
Liabilities
Debentures and unsecured notes
Bonds
Maturity schedule must be included for total loans showing amounts payable within:
Leave
Workers’ compensation
Tax Liabilities
Current income tax
Deferred income tax
Section 2: Non-Commercial Reporting Entities
statement of financial performance for Non-Commercial Reporting Entities
REVENUE 2005 2004
Revenue from Government (note x)
Revenue from sale of assets (note x)
Reversals of previous asset write-downs (note x)
Revenues From Ordinary Activities
EXPENSE
Subsidies
Borrowing costs expense (note x)
Share of net profits or (losses) of associates and joint ventures accounted for using the equity method
Operating Surplus or (Deficit) from Ordinary Activities
Gain or (loss) on extraordinary items (note x)
Net Surplus or (Deficit)
Outside equity interests in net surplus or (deficit)
Net Surplus or (Deficit) Attributable to the Australian Government
Net credit or (debit) to asset revaluation reserve
Net exchange difference recognised as a direct debit or (credit) to equity
Adjustments arising from Standards recognised as direct debit or (credit) to equity
Initial adjustments from transitional UIG Consensus View recognised as a direct debit or (credit) to equity
Total Revenues, Expenses and Valuation Adjustments Attributable to Members of the Parent Entity and Recognised Directly in Equity[3]
Total Changes in Equity other than those resulting from transactions with Owners As Owners
statement of financial position for Non-Commercial Reporting Entities
as at ____________
ASSETS
Cash (note x)[Note this can include Investments including (section 39 FMA Act; section 18 CAC Act; section 19 CAC Act)]
Non-Financial Assets
Heritage and cultural assets (note)
Other non-financial assets (note x)
Total Assets
LIABILITIES
Loans (note x)
Leases (note x)
Overdraft
Other interest bearing liabilities (note x)
Total Interest Bearing Liabilities
Other provisions (note x)
Borrowing Costs
Other payables (note x)
Total Liabilities
EQUITY*
Parent Entity Interest
Statutory funds
Retained surpluses or accumulated deficits
Total Parent Entity Interest
Outside Equity Interest
Retained surpluses or accumulated deficits
Total Outside Equity Interest
Total Equity
Current Assets
Non-Current Assets
Current Liabilities
Non-Current Liabilities
*Note: ‘equity’ is the residual interest in assets after deduction of liabilities.
Statement of Cash Flows for Non-Commercial Reporting Entities
Operating Activities 2005 2004
Net Cash From or (Used by) Operating Activities
Proceeds from sales of property, plant and equipment
Proceeds from sales of financial instruments
Repayments of loans made
Purchase of property, plant and equipment
Purchase of financial instruments
Loans made
Net Cash From or (Used By) Investing Activities
Appropriations - Contributed equity
Proceeds from issuing financial instruments
Proceeds from loans
Repayments of debt
Capital use charge paid
Net Cash From or (Used by) Financing Activities
Net Increase or (Decrease) in Cash Held
Cash at the beginning of the reporting period
Effect of exchange rate movements on cash at the beginning of the reporting period
Cash at the End of the Reporting Period SCHEDULE OF COMMITMENTS for Non-Commercial Reporting Entities
As at________________________
Schedule of Contingencies for Non-Commercial Reporting Entities
Contingent Liabilities Guarantees Indemnities Uncalled shares or capital subscriptions Claims for damages or costs Warranties Letters of Comfort TOTAL
Contingent Assets
Details of each class of contingent liabilities and contingent assets, including those not included above because they cannot be quantified, or are considered remote, are shown at Note [specify number]
Revenues
Revenue from Government
Appropriations:
Departmental Outputs
Departmental Special Appropriations
License fees
Resources received free of charge
Bills Receivable
Investments (section 39 FMA Act)
Revenue from Sale of Assets
Note: the amounts in these classes are the gross proceeds from sale. The carrying amounts of asset sold are recorded separately under Expenses below.
Reversal of Previous Asset Write-Downs
Assets revaluation increments
Revaluation of recoverable amount write-downs
Net Foreign Exchange Gains
Rents
(provide details)
Royalties
(provide details)
Resources received free of charge (other than Government)
Expenses 2005 2004
Wages and Salaries
Workers compensation premiums and claims
Other Employee expenses
Note: Separation and redundancy payments must exclude any benefits that would have been accrued and payable if redundancy had not occurred (e.g. accrued leave entitlements and lump sum superannuation payments).
Note: Where supplier’s expenses relate to the provision of employee benefits included in a remuneration package, they should be included in employee expenses.
Depreciation and Amortisation
Total depreciation
Write-Down and Impairment of Assets
Non-Financial (refer to Table A in Policy 3E of this Schedule)
Borrowing Costs Expense
Assets 2005 2004
Cash
Trust Accounts
Investments Accounted for under the Equity Method
Investments in associates
Investments in joint ventures
Other Investments
Gold
Investments under section 39 FMA Act
Other Financial Assets
Land
Infrastructure Plant and Equipment
Patents, trademarks, brand names and licences
Purchased (include any modification cost)
Internally developed
Research and development expenditure capitalised
Goodwill
Other Non-Financial Assets
Liabilities
Maturity schedule must be included for total loans showing amounts payable within:
Maturity schedule must be included for total leases showing amounts payable within:
Other interest bearing liabilities
Leave
Workers’ compensation
Other provisions
Public Sector
Private sector non-profit entities
Private sector commercial entities
Other payables
Interest payable
Table 2C A: Acquittal of Authority to Draw Cash from the Consolidated Revenue Fund for Ordinary Annual Services Appropriations1
Particulars Administered Expenses Departmental Outputs Total
Outcome 1 Outcome …'n'
Reductions of appropriations (prior years) 2
Appropriation Act (No.1) 2004-20053
Appropriation Act (No.3) 2004-20054
Departmental adjustments by the Finance Minister (Appropriation Acts) 5
Comcover receipts (Appropriation Act s13)
Advance to the Finance Minister 6
Refunds credited (net) (FMA s 30)
Appropriation reduced by section 9 determinations (current year) 7
Appropriations to take account of recoverable GST (FMA s 30A) 8 [C]
Annotations to ‘net appropriations’ (FMA s 31) [D]
Total appropriation available for payments [A+B+C+D]
Cash payments made during the year (GST inclusive) [E]
Appropriations credited to Special Accounts (excluding GST) [F]
Balance of Authority to Draw Cash from the Consolidated Revenue Fund for Ordinary Annual Services Appropriations13 [A+B+C+D+E+F]
Departmental appropriations receivable*1, 9
Departmental appropriations receivable – drawing rights withheld by the Finance Minister (FMA s27(4))*1, 9
Formal reductions of appropriation*1, 10
Departmental appropriation receivable (appropriation for additional outputs)*1, 11
Particulars Administered Expenses Outcome 1 Outcome …'n' Departmental Outputs Total
2003–04 (Comparative period) 12
Appropriation Act (No.1) 2003-2004
Appropriation Act (No.3) 2003-2004
Departmental adjustments by the Finance Minister (Appropriation Acts)
Appropriations to take account of recoverable GST (FMA s30A)8
Appropriation lapsed 7
Payments made during the year (GST inclusive)
Table 2C B: Acquittal of Authority to Draw Cash from the Consolidated Revenue Fund for other than Ordinary Annual Services Appropriations1
Appropriation reduced by a section 11 determination (current year) 11
Appropriations to take account of recoverable GST (FMA s30A) 9 [C]
Total appropriations available for payments [A+B+C]
Cash payments made during the year (GST inclusive) [D]
Appropriations credited to Special Accounts (GST exclusive) [E]
Balance of Authority to Draw Cash from the Consolidated Revenue Fund for Other Than Ordinary Annual Services Appropriations15 [A+B+C+D+E]
Departmental appropriation receivable*1, 11
Departmental appropriation receivable – Drawing rights withheld by the Finance Minister (FMA s27(4)) *1, 11
Formal reductions of appropriation revenue*12
Departmental appropriation receivable (appropriation for additional outputs)* 13
2003–04 (Comparative period) 14
Appropriation Act (No.2) 2003-2004
Appropriation Act (No.4) 2003-2004
Adjustments by the Finance Minister
Appropriations to take account of recoverable GST (FMA s30A)
Appropriation lapsed10
Table 2C C: Acquittal of Authority to Draw Cash from the Consolidated Revenue Fund - Special Appropriations (Unlimited Amount) 1, 2, 3
| Particulars of legislation providing appropriation (including purpose) | 2005 | 2004 |
| Refunds credited (net) (FMA s 30) | | |
| Total charged to appropriation | | |
Table 2C D: Acquittal of Authority to Draw Cash from the Consolidated Revenue Fund - Refund Provisions1, 2
| <br>Refunds: Special Appropriations3 | 2005 | 2004 |
| Refunds credited (net) (FMA s30) | | |
| Total charged to special appropriation | | |
| Budget estimate5 (list each other legislative provision that refunds have been made under) | | |
| Budget estimate5 (FMA s28) | | |
Table 2C E: Acquittal of Authority to Draw Cash from the Consolidated Revenue Fund - Section 39 of the FMA Act1
| Investment of Public Money:<br>Special Appropriations under section 39 of the FMA Act2 | 2005 | 2004 |
| Amount invested carried from previous period | | |
| Prior year investments redeemed in current year3 | | |
| Investments made during the year3, 4 | | |
| Redemptions of current year investments4 | | |
| Amount invested carried to the next period (sum of the above) | | |
Table 2C F: Acquittal of Authority to Draw Cash from the Consolidated Revenue Fund - Special Appropriation (Limited Amount)1, 2, 3
Particulars of legislation providing appropriation (including purpose) 2005 2004
Appropriation by type Appropriation by type
Amount available carried from previous period
Appropriation for reporting period
Appropriations to take account of recoverable GST (FMA s30A) 4
Available for payments
Appropriations lapsed7
Amount available carried to the next period
Cash
Departmental appropriation receivable* 5,6,
Departmental appropriation receivable – drawing rights withheld by the Finance Minister (FMA s27(4))*5,6
Table 2D A: Net Cost of Outcome Delivery1
Outcome 1 Outcome …n Total
Total expenses
Costs recovered
Total costs recovered
Other external revenues
Total other external revenues
Net cost/(contribution) of outcome
Table 2D B: Major Departmental Revenues and Expenses by Output Groups and Outputs
Outcome 1 Output Group 1.1n Outcome
Output 1…n Group Total Total
Departmental expenses
Total departmental expenses
Funded by:
Show each relevant major class of revenues
Total departmental revenues
Table 2D C: Major Classes of Administered Revenues and Expenses by Outcome1
Outcome 1 Outcome…’n’ Total
Revenues
Table 2E A: Special Accounts
| Full official title (eg account name) | 2005 | 2004 |
| Balance carried from previous period | | |
| Appropriation for reporting period | | |
| Costs recovered | | |
| GST credits (FMA s30A) | | |
| Realised investments | | |
| Other receipts (Show each major class) | | |
| Available for payments | | |
| Payments made (Show each major class) | | |
| Repayments debited from the Special Account (s 28) | | |
| Investments debited from the Special Account (FMA s39) | | |
| Balance carried to the next period | | |
| Represented by: | | |
| Cash – transferred to the Official Public Account | | |
| Cash – held by the entity | | |
| Total balance carried to the next period | | |
Table 2E B: Special Accounts Investment of Public Money
| Full official title of Special Account: Investment of Public Money under section 39 of the FMA Act and sections 18 and 19 of the CAC Act | 2005 | 2004 |
| Opening balance | | |
| Investments made | | |
| Interest earned | | |
| Transaction charges | | |
| Investments realised | | |
| Closing Balance | | |
Table 3E A: Reconciliation of the Opening and Closing Balances of Property, Plant and Equipment and Intangibles.
Item Land ($’000) Investment property ($’000) Buildings ($’000) Specialist military equipment ($’000) Other infra-structure, plant and equipment ($’000) Heritage and cultural assets ($’000) Computer software ($’000) Other intangibles ($’000)
As at 1 July (previous year)
Gross book value
Opening Net book value
Additions:
by purchase
by finance lease
from acquisitions of entities or operations (including restructuring)
Net revaluation increment/decrement
Reclassifications
Depreciation/amortisation expense
Recoverable amount write-downs
Other movements (give details below)
Disposals:
from disposal of entities or operations (including restructuring)
other disposals
As at 30 June (current year)
Gross Book Value
Closing Net Book Value
Table 3E B: Property, Plant and Equipment and Intangibles at Valuation.
| Item<br> | Land<br> <br> <br> <br>($’000) | Investment property<br> <br> <br>($’000) | Buildings<br> <br> <br> <br>($’000) | Specialist military equipment<br> <br>($’000) | Other infra-structure, plant and equipment<br>($’000) | Heritage and cultural assets<br> <br>($’000) | Computer software<br> <br> <br>($’000) | Other intangibles<br> <br> <br>($’000) |
Table 3E C: Property, Plant and Equipment and Intangibles Held under Finance Lease.
| Item<br> | Land<br> <br> <br> <br>($’000) | Investment property<br> <br> <br>($’000) | Buildings<br> <br> <br> <br>($’000) | Specialist military equipment<br> <br>($’000) | Other infra-structure, plant and equipment<br>($’000) | Heritage and cultural assets<br> <br>($’000) | Computer software<br> <br> <br> ($’000) | Other intangibles<br> <br> <br>($’000) |
Table 3E D: Property, Plant and Equipment and Intangibles under Construction.
Item<br>
Buildings<br>($’000)
Specialist military equipment<br>($’000)
Other infra-structure, plant and equipment<br>($’000)
Computer software<br>($’000)
Other intangibles<br>($’000)<br> <br>
Gross value at 30 June (current year)
Gross value at 30 June (previous year)
Table 3H: Net Gains and Losses from Disposal of Assets
Proceeds from sale
XXX
Less written down value of assets sold, excluding capitalised selling costs
XXX
Less capitalised selling costs
XXX
Net gain (loss) on sale
XXX
Table 5B: Analysis of Equity (Departmental)
A
B
C
D
E =<br>B + C + D
F
G =<br>A +E+ F
Item<br>
Accumulated results<br> <br>($’000)
Asset revaluation reserve<br>($’000)
Foreign currency translation reserve<br>($’000)
Other reserves<br> <br>($’000)
Total reserves<br> <br>($’000)
Contributed equity/capital<br>($’000)
Total<br>Equity<br>($’000)
Opening balance as at 1 July
Net surplus/deficit
Net revaluation increment/(decrement)
Changes in accounting policies
Currency translation gain/(loss)
Transactions with owners:
Distributions to owner:
Returns on Capital
Dividends
Returns of Capital
Other (give details)
Contributions by owners:
Appropriations<br> (equity injections)
Other (give details below)
Transfers to / (from) reserves
Closing balance as at 30 June
Less: Outside Equity Interests
Total equity attributable to the Australian Government
Section 3: Administered Reporting
Revenues Administered on Behalf of Government
for the period ended ___________________
Taxation
Income tax (note x)
Indirect tax (note x)
Other taxes, fees and fines (note x)
Total Taxation
Non-Taxation (Revenues from Government)
Revenues from sale of assets (note x)
Other sources of non-taxation revenues (note x)
Total Non-Taxation
Total Revenues Administered on Behalf of Government
Expenses Administered on Behalf of Government
for the period ended _______________________
Subsidies (note x)
Personal benefits (note x)
Extraordinary items (note x)
Total Expenses Administered on Behalf of Government
Assets Administered on Behalf of Government
as at ___________________
Cash (note x)[Note this can include Investments including (section 39 FMA Act; section 18 CAC Act; section 19 CAC Act)]
Investments (note x)
Non-Financial Assets
Heritage and cultural assets (note x)
Other non-financial assets (note x)
Total Assets Administered on Behalf of the Government
Liabilities Administered on Behalf of Government
as at ___________________
Australian Government Securities (note x)
Loans (note x)
Leases (note x)
Deposits (note x)
Total interest bearing liabilities
Taxation refunds provided
Australian currency on issue
Other Provisions (note x)
Grants and subsidies (note x)
Personal benefits payable
Taxation refunds due
Other payables (note x)
Total Liabilities Administered on Behalf of the Government
Administered Cash Flows
for the period ended _________
Operating Activities
Indirect tax
Other taxes, fees and fines
Sales of goods
Rendering of services
Grant payments
Interest paid
Subsidies paid
Personal benefits
Net Cash from Operating Activities
Proceeds from sales of property, plant and equipment and intangibles
Proceeds from sales of equity instruments
Proceeds from sales of investments
Repayments of advances
Cash from Official Public Account
Transfers from other entities
Purchase of property, plant and equipment and intangibles
Purchase of equity instruments
Advances and loans made
Cash to Official Public Account
Transfers to Other Entities
Net Cash from Investing Activities
Administered Cash Flows continued 2005 2004
Proceeds from borrowing
Cash from Official Public Account
Net repayment of borrowings
Cash to Official Public Account
Net Cash from Financing Activities
Net Increase or (Decrease) in cash held
Cash at beginning of reporting period
Cash from Official Public Account for:
Appropriations
Special Accounts
Transfer from other entities (Finance – Whole Of Government)
Cash to Official Public Account for:
Appropriations
Special Accounts
Transfers to Other Entities (Finance – Whole Of Government)
Effect of exchange rate movements on cash at beginning of reporting period
Cash at End of Reporting Period
Administered Commitments
as at _____________
Administered Contingencies
Administered Contingent Liabilities Guarantees Indemnities Uncalled shares or capital subscriptions Claims for damages or costs Warranties Letters of Comfort TOTAL
Administered Contingent Assets
Details of each class of contingent liabilities and contingent assets, including those not included above because they cannot be quantified, or are considered remote, are shown at Note (specify number)
Note: Where supplier’s expenses relate to the provision of employee benefits included in a remuneration package, they should be included in employee expenses.
Other investments including section 39 FMA Act; section 18 CAC Act; section 19 CAC Act
Total Investments
Non –Financial Assets
Land
Total Land and Buildings
Infrastructure, Plant and Equipment
Other Infrastructure, plant and equipment
Total Infrastructure, Plant and equipment
Heritage assets
Cultural assets
Total heritage and Cultural assets
Total Inventories
Other intangibles
Total Intangibles
Other Non-Financial Assets
Deferred expenditure
Future income tax benefit
Other non-financial assets
Total Other Non-Financial Assets
Liabilities Administered on Behalf of Government[7]
Australian Government Securities
Treasury bonds
Treasury notes
Treasury indexed bonds
Unamortised net premiums on borrowings
Other Australian Government Securities
Total Australian Government Securities
Debentures and notes
Other loans
Total Loans
(Maturity schedule must be included for total loans showing amounts payable within:
One year or less;
From one to five years; and
More than five years.)
Finance lease liabilities as at the reporting date are reconciled to the lease liability as follows:
Minimum lease payments
Less future finance charges
Total Finance Lease Liabilities
Exchange settlements Funds
Drawing accounts held with the Reserve Bank of Australia
State governments
Monies held in trust
Foreign governments
Other deposits
Total Deposits
Other Interest Bearing Liabilities
Swap principle payable
Amounts outstanding under repurchase agreements
Finance lease incentives
Special reserve- International Monetary Fund special drawing rights
Inscribed stock – face value
Other interest bearing liabilities
Total Other Interest Bearing Liabilities
Total Interest Bearing Liabilities
Total Employees
Other Provisions
Accrued expenses
Provision for interest on overpayment of taxes
Customs rebates
Restructuring
Total Other Provisions
Other creditors
Total Suppliers
Grants and Subsidies
Public sector –
Private sector –
Non-profit entities
Commercial entities
Total Grants and Subsidies
Other Payables
Interest payable
Other payables
Total Other Payables
Table 3H Net Gains and Losses from Disposal of Assets
Proceeds from sale
XXX
Less written down value of assets sold, excluding capitalised selling costs
XXX
Less capitalised selling costs
XXX
Net gain (loss) on sale
XXX
Table 6A Administered Reconciliation Table
Note
2005
2004
Opening administered assets less administered liabilities at 1 July
Plus Administered revenues
Less Administered expenses
Administered transfers to/from Australian Government:<br>Appropriation Transfers from OPA:<br>Annual Appropriations Administered expenses<br>Administered assets and liabilities Appropriations<br>Special Appropriations (limited)<br>Special Appropriations (unlimited)<br> <br>Transfers to OPA<br>Restructuring<br>Transfers to other Entities (Finance – Whole of Government)<br>Transfers from other Entities (Finance – Whole of Government)
Administered revaluations taken to/from reserves
Currency translation gain/loss
Changes in accounting policies
Closing administered assets less administered liabilities
[1] Australian Accounting Standard AAS 29 ‘Financial Reporting by Government Departments’ paragraphs 6.3.11 and 6.3.12 and Statement of Accounting Concepts SAC 4 paragraphs 24 to 28.
[2] Note: this sub-total is not required if there is only one relevant preceding row.
[3] Note: this total is not required if there is only one relevant preceding row.
[4] Where there are material sub-categories within a particular line item, details, including amounts, of each sub-category should be disclosed.
[5] Where there are material sub-categories within a particular line item, details, including amounts, of each sub-category should be disclosed.
[6] Where there are material sub-categories within a particular line item, details, including amounts, of each sub-category should be disclosed.
[7] Where there are material sub-categories within a particular line item, details, including amounts, of each sub-category should be disclosed.