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DEWR Section 3 - Budgeted financial statements

The budgeted financial statements for the Department of Education, Employment and Workplace Relations are presented in this section.  The budgeted financial statements will form the basis of the financial statements that will appear in the Department of Education, Employment and Workplace Relations 2007-08 Annual Report, and in the Whole of Government Accounts.

Separate financial statements are presented for Agency and Administered items.

Analysis of budgeted financial statements

The Department was established by the Administrative Arrangements Orders of 3 December 2007 and 25 January 2008.  The functions of the Departments of Education, Science and Training and Employment and Workplace Relations are shown for the full year.  Comparative information for 2006-07 is not provided as the Department did not exist during 2006‑07.

The Departmental budgeted financial statements include those functions that are in the process of being transferred to other departments under Section 32 of the Financial Management and Accountability Act 1997, namely the Community Development and Employment Projects Program, the Disability Support Program being transferred to the Department of Families, Housing, Communities and Indigenous Affairs and the science and research functions, including Questacon, being transferred to the Departments of Innovation, Industry, Science and Research, and Resources, Energy and Tourism. 

The Departmental budgeted financial statements do not include the child care and youth functions currently being transferred from the Department of Families, Housing, Communities and Indigenous Affairs.

The Section 32 transfers for the administered items have been completed, therefore the Schedule of Administered Activity excludes the functions that are being transferred to other agencies.  The Schedule of Administered Activity also includes the child care and youth functions that have been gained by the Department. 

Table 3.1:  Budgeted departmental income statement
(for the period ended 30 June)
    Revised Forward Forward Forward
  Actual budget estimate estimate estimate
  2006-07 2007-08 2008-09 2009-10 2010-11
  $'000 $'000 $'000 $'000 $'000
Revenue          
Revenues from Government -  1,970,837  1,848,580  1,856,454  1,873,182
Goods and services -  66,157  36,762  36,763  36,763
Interest  -  45  80  80  80
Other  -  12,349  11,569  11,569  11,569
Total revenue -  2,049,388  1,896,991  1,904,866  1,921,594
           
Gains          
Reversals of previous asset          
write-downs - - - - -
Net gains from sale of assets - - - - -
Other  -  16,500  16,500  16,500  16,500
Total gains -  16,500  16,500  16,500  16,500
Total income -  2,065,888  1,913,491  1,921,366  1,938,094
           
EXPENSE          
Employees -  510,947  436,194  425,517  421,605
Suppliers -  1,506,794  1,393,432  1,413,010  1,430,434
Depreciation and amortisation -  45,863  81,581  80,555  83,771
Finance costs - - - - -
Write-down of assets and - - - - -
impairment of assets - - - - -
Net losses from sale of assets - - - - -
Other -  2,284  2,284  2,284  2,284
Total expenses -  2,065,888  1,913,491  1,921,366  1,938,094
Operating result from continuing          
operations - - - - -
Increase / (decrease) to asset           
revaluation reserve - - - - -
           
Operating result - - - - -
Minority interest in net surplus          
or (deficit) - - - - -
           
Net surplus or (deficit) attributable           
to the Australian Government - - - - -
Table 3.2:  Budgeted departmental balance sheet
(as at 30 June)
    Revised Forward Forward Forward
  Actual budget estimate estimate estimate
  2006-07 2007-08 2008-09 2009-10 2010-11
  $'000 $'000 $'000 $'000 $'000
ASSETS          
Financial assets          
Cash   -   7,962   7,596   7,246   6,494
Receivables   -   154,554   157,549   133,679   129,926
Accrued revenues   -   3,498   3,498   3,498   3,498
Other   -   1,584   1,584   1,584   1,584
Total financial assets   -   167,598   170,227   146,007   141,502
           
Non-financial assets          
Land and buildings   -   115,497   136,288   177,473   174,535
Infrastructure, plant and equipment   -   89,401   88,467   96,076   102,306
Intangibles   -   94,115   105,319   108,094   110,406
Other   -   16,643   16,643   16,634   16,634
Total non-financial assets   -   315,656   346,717   398,277   403,881
Total assets   -   483,254   516,944   544,284   545,383
           
LIABILITIES          
Payables          
Suppliers   -   64,606   83,077   81,503   80,103
Grants   -   -   -   -   -
Other payable   -   32,234   32,234   32,234   32,234
Total payables   -   96,840   115,311   113,737   112,337
           
Interest bearing liabilities          
Leases   -   5,670   5,670   5,670   5,670
Total interest bearing liabilities   -   5,670   5,670   5,670   5,670
           
Provisions          
Employees   -   155,447   157,432   158,385   158,906
Other   -   -   -   -   -
Total provisions   -   155,447   157,432   158,385   158,906
           
Liabilities included in disposal          
groups held for sale   -   -   -   -   -
    -   -   -   -   -
Total liabilities   -   257,957   278,413   277,792   276,913
           
EQUITY          
Parent entity interest          
Contributed equity   -   225,297   238,531   266,492   268,470
Reserves   -   -   -   -   -
Retained surpluses or    -   -   -   -   -
accumulated deficits   -   -   -   -   -
Total parent entity interest   -   225,297   238,531   266,492   268,470
           
Minority interest          
Contributed equity   -   -   -   -   -
Reserves   -   -   -   -   -
Retained surpluses or    -   -   -   -   -
accumulated deficits   -   -   -   -   -
Total minority interest   -   -   -   -   -
Total equity   -   225,297   238,531   266,492   268,470
           
Current assets     184,241   186,870   162,641   158,136
Non-current assets     299,013   330,074   381,643   387,247
Current liabilities     252,287   272,743   272,122   271,243
Non-current liabilities     5,670   5,670   5,670   5,670
Table 3.3: Budgeted departmental statement of cash flows (for the period ended 30 June)
    Revised Forward Forward Forward
  Actual budget estimate estimate estimate
  2006-07 2007-08 2008-09 2009-10 2010-11
  $'000 $'000 $'000 $'000 $'000
OPERATING ACTIVITIES          
Cash received          
Goods and services   -   66,147   36,762   36,762   36,762
Appropriations   -  2,001,600  1,845,585  1,880,324  1,876,935
Interest   -   45   80   80   80
Other    -   58,113   53,391   54,703   57,407
Total cash received   -  2,125,905  1,935,818  1,971,869  1,971,184
           
Cash used          
Employees   -   507,301   434,208   424,564   421,084
Suppliers   -  1,509,374  1,378,549  1,397,054  1,414,377
Grants   -   2,284   2,284   2,284   2,284
Other   -   46,289   42,778   44,090   46,794
Total cash used   -  2,065,248  1,857,819  1,867,992  1,884,539
Net cash from or (used by)          
operating activities   -   60,657   77,999   103,877   86,645
           
INVESTING ACTIVITIES          
Cash received          
Proceeds from sales of property,          
plant and equipment   -   -   -   -   -
Other   -   -   -   -   -
Total cash received   -   -   -   -   -
           
Cash used          
Purchase of property, plant           
and equipment   -   37,148   65,971   94,144   52,071
Purchase of intangibles   -   28,870   46,628   38,044   37,304
Other   -   -   -   -   -
Total cash used   -   66,018   112,599   132,188   89,375
Net cash from or (used by)           
investing activities   -   (66,018)   (112,599)   (132,188)   (89,375)
           
FINANCING ACTIVITIES          
Cash received          
Appropriations - contributed equity   -   4,992   13,234   27,961   1,978
Restructuring contribution   -   8,331   -   -   -
Other   -   -   21,000   -   -
Total cash received -  13,323  34,234  27,961  1,978
           
Cash used          
Repayments of debt   -   -   -   -   -
Other   -   -   -   -   -
Total cash used - - - - -
Net cash from or (used by)           
financing activities -  13,323  34,234  27,961  1,978
Net increase or (decrease)          
 in cash held -  7,962 (366) (350) (752)
Cash at the beginning of           
the reporting period   -  7,962  7,596  7,246
Cash at the end of the           
reporting period -  7,962  7,596  7,246  6,494
Table 3.4: Departmental statement of changes in equity — summary of movement (Budget year 2007‑08)
  Accumulated Asset Other Contributed Total
  results revaluation reserves equity/ equity
    reserve   capital  
  $'000 $'000 $'000 $'000 $'000
Opening balance as at 1 July 2007          
Balance carried forward from           
previous period   -   -   -   -   -
Opening balance adjustment   -   -   -   -   -
Adjusted opening balance   -   -   -   -   -
           
Income and expense          
Income and expenses recognised          
directly in equity:   -   -   -   -   -
Gain/loss on revaluation of property   -   -   -   -   -
Sub-total income and expense   -   -   -   -   -
           
Net operating result   -   -   -   -   -
           
Total income and expenses recognised directly in equity   -   -   -   -   -
           
Transactions with owners          
Distribution to owners          
Returns of capital   -   -   -   -   -
Restructuring   -   -   -   220,305   220,305
Other    -   -   -   -   -
Contribution by owners          
Appropriation (equity injection)   -   -   -   4,992   4,992
Other:          
Restructuring   -   -   -   -   -
Sub-total transactions with owners   -   -   -   225,297   225,297
           
Transfers between equity components   -   -   -   -   -
           
Closing balance as at 30 June 2008   -   -   -   225,297   225,297
Table 3.5: Departmental capital budget statement
    Revised Forward Forward Forward
  Actual budget estimate estimate estimate
  2006-07 2007-08 2008-09 2009-10 2010-11
  $'000 $'000 $'000 $'000 $'000
CAPITAL APPROPRIATIONS          
Total equity injections   -    4,992   13,234   27,961   1,978
Total loans   -    -    -    -    - 
Total capital appropriations   -    4,992   13,234   27,961   1,978
           
Represented by:          
Purchase of non-financial assets   -    4,992   13,234   27,961   1,978
Other   -    768   -    -    - 
Total represented by   -    5,760   13,234   27,961   1,978
           
PURCHASE OF NON-FINANCIAL          
 ASSETS          
Funded by capital appropriation   -    4,992   13,234   27,961   1,978
Funded internally by          
Departmental resources   -    61,026   99,365   104,227   87,397
Total   -    66,018   112,599   132,188   89,375
Table 3.6:  Departmental property, plant, equipment and intangibles — summary of movement
(Budget year 2007‑08)
  Land Buildings Other Computer Total
      infrastructure software  
      plant and    
      equipment    
  $'000 $'000 $'000 $'000 $'000
As at 1 July 2007          
Gross book value   -   -   -   -   -
Accumulated depreciation   -   -   -   -   -
Opening net book value   -   -   -   -   -
           
Additions:          
by purchase   -   11,366   25,782   28,870   66,018
by finance lease   -   -   -   -   -
internally developed   -   -   -   -   -
from acquisitions of entities or    -   -   -   -  
operations (including restructuring)   980   111,561   81,806   84,511   278,858
           
Revaluations and impairment through          
equity   -   -   -   -   -
Reclassifications   -   -   -   -   -
Depreciation/amortisation expense   -   8,410   18,187   19,266   45,863
Impairments recognised in operating          
result   -   -   -   -   -
AEIFRS adjustment   -   -   -   -   -
           
Disposals:          
from disposal of entities or           
operations (including restructuring)   -   -   -   -   -
other disposals   -   -   -   -   -
           
As at 30 June 2008          
Gross book value   980   122,927   107,588   113,381   344,876
Accumulated depreciation   -   8,410   18,187   19,266   45,863
Closing net book value   980   114,517   89,401   94,115   299,013
Table 3.7:  Schedule of budgeted income and expenses administered on behalf of government
(for the period ended 30 June)
  Actual Revised Forward Forward Forward
    budget estimate estimate estimate
  2006-07 2007-08 2008-09 2009-10 2010-11
  $'000 $'000 $'000 $'000 $'000
INCOME ADMINISTERED ON          
BEHALF OF GOVERNMENT          
Taxation          
Income tax     -   -   -   -
Indirect tax     -   -   -   -
Other taxes, fees and fines     68,080   74,900   82,400   90,610
Total taxation     68,080   74,900   82,400   90,610
           
Non-taxation          
Goods and services     -   -   -   -
Other sources of non-taxation          
revenues     256,619   444,181   452,559   475,564
Total non-taxation     256,619   444,181   452,559   475,564
           
Total income administered on behalf of Government     324,699   519,081   534,959   566,174
           
EXPENSES ADMINISTERED ON BEHALF OF GOVERNMENT          
Grants    16,664,814  17,265,387  17,809,113  18,475,711
Subsidies     721,759   752,911   789,625   822,745
Personal benefits    20,092,894  16,726,439  17,331,193  17,648,803
Suppliers    15,688,142   2,809,401   2,985,600   3,195,838
Depreciation and amortisation     25,343   17,661   6,717   5,112
Write down and impairment          
of assets     406,103   457,480   463,410   495,819
           
Total expenses administered on behalf of Government    53,599,055  38,029,279  39,385,658  40,644,028
Table 3.8:  Schedule of budgeted assets and liabilities administered on behalf of government
(as at 30 June)
  Actual Revised Forward Forward Forward
    budget estimate estimate estimate
  2006-07 2007-08 2008-09 2009-10 2010-11
  $'000 $'000 $'000 $'000 $'000
ASSETS ADMINISTERED ON           
BEHALF OF GOVERNMENT          
Financial assets          
Cash and cash equivalents     6,242,057   6,617,183   6,735,697   6,864,773
Receivables     12,722,926   13,984,631   15,338,672   16,712,109
Investments     1,810,504   1,810,504   1,810,504   1,810,504
Other financial assets     71,325   71,325   71,325   71,325
Total financial assets     20,846,812   22,483,643   23,956,198   25,458,712
           
Non-financial assets          
Land and buildings     -   -   -   -
Infrastructure, plant and equipment     -   -   -   -
Inventories     959   959   959   959
Other     68,464   68,353   68,353   68,353
Total non-financial assets     69,423   69,312   69,312   69,312
Total assets administered           
on behalf of Government     20,916,235   22,552,955   24,025,510   25,528,024
           
LIABILITIES ADMINISTERED ON           
BEHALF OF GOVERNMENT          
Interest bearing liabilities          
Loans     12,103   12,103   12,103   12,103
Leases     -   -   -   -
Other     -   -   -   -
Total interest bearing liabilities     12,103   12,103   12,103   12,103
           
Provisions          
Provisions for Grants     3,032,558   2,915,411   2,795,659   2,673,251
Other provisions     -   -   -   -
Total provisions     3,032,558   2,915,411   2,795,659   2,673,251
Payables          
Suppliers     112,473   112,520   112,607   112,607
Grants and subsidies     299,924   300,932   301,177   300,815
Personal benefits payable     831,287   870,575   924,451   960,051
Other payables     54,714   54,714   54,714   54,714
Total payables     1,298,398   1,338,741   1,392,949   1,428,187
           
Total liabilities administered          
on behalf of the Government     4,343,059   4,266,255   4,200,711   4,113,541
Table 3.9:  Schedule of budgeted administered cash flows
(for the period ended 30 June)
  Actual Revised Forward Forward Forward
    budget estimate estimate estimate
  2006-07 2007-08 2008-09 2009-10 2010-11
  $'000 $'000 $'000 $'000 $'000
OPERATING ACTIVITIES          
Cash received          
Income tax     -   -   -   -
Indirect tax     228,992   411,807   422,514   433,076
Other taxes, fees and fines     68,080   74,900   82,400   90,610
Sales of goods     -   -   -   -
GST input credit receipts     972,855   998,491   1,062,552   1,137,737
Other     1,190,731   1,271,594   1,364,580   1,470,748
Total cash received     2,460,658   2,756,791   2,932,045   3,132,171
           
Cash used          
Grant payments     18,541,033   19,965,079   20,657,719   21,441,472
Subsidies paid     716,511   747,663   784,377   817,497
Personal benefits     19,995,439   16,708,294   17,286,782   17,608,357
Suppliers     2,874,344   2,809,242   2,985,513   3,195,838
GST payments     972,855   998,491   1,062,552   1,137,736
Other     (20,818)   (1,068)   (13,589)   (2)
Total cash used     43,079,364   41,227,701   42,763,354   44,200,898
Net cash from or (used by)          
operating activities     (40,618,707)   (38,470,909)   (39,831,309)   (41,068,727)
           
INVESTING ACTIVITIES          
Cash received          
Proceeds from sales of          
property, plant and equipment          
and intangibles     -   -   -   -
Other     -   -   -   -
Total cash received     -   -   -   -
Cash used          
Purchase of property, plant          
and equipment and          
intangibles     -   -   -   -
Other     -   -   -   -
Total cash used     -   -   -   -
Net cash from or (used by)          
investing activities     -   -   -   -
           
FINANCING ACTIVITIES          
Cash received          
Cash from Official Public Account     -   -   -   -
Other     -   -   -   -
Total cash received     -   -   -   -
           
Cash used          
Cash to Official Public     -   -   -   -
Account          
Other     -   -   -   -
Total cash used     -   -   -   -
Net cash from          
financing activities     -   -   -   -
           
Net increase or (decrease)          
in cash held     (40,618,707)   (38,470,909)   (39,831,309)   (41,068,727)
Cash at beginning of reporting period     10,357   6,242,057   6,617,183   6,735,697
Cash from Official          
Public Account for          
- appropriations     42,191,420   40,275,345   41,468,460   42,816,486
- special accounts     6,000,000   -   -   -
Cash to Official Public          
Account for:          
- appropriations     (1,341,013)   (1,429,310)   (1,518,637)   (1,618,683)
- special accounts     -   -   -   -
Cash at end of reporting period     6,242,057   6,617,183   6,735,697   6,864,773

Table 3.10:  Schedule of administered capital budget

The Department of Education, Employment and Workplace Relations has no administered capital budget.

Table 3.11:  Schedule of administered property, plant, equipment and intangibles — summary of movement (Budget year 2007‑08)

The Department of Education, Employment and Workplace Relations has no administered property, plant, equipment and intangibles.