Section 3 presents budgeted financial statements which provide a comprehensive snapshot of the department’s finances for the 2024–25 budget year, including the impact of budget measures and resourcing on financial statements.
3.1 Explanatory notes and analysis of budgeted financial statements
The department’s income statement presents the expected financial result and identifies expenses and revenues on an accrual basis. In 2024–25, the department’s estimated appropriation revenue is $28.8 million. This is an increase of $1.8 million from the 2023–24 appropriation primarily attributed to new measures as detailed in Table 1.2. The 2024–25 and forward years budgeted operating result, excluding unfunded depreciation and amortisation, is a break-even position. Own-source revenue is expected to remain stable over the forward estimates.
The department’s balance sheet shows a positive net asset position which is expected to remain stable over the forward estimates.
Demand for the department’s service continues to remain high across committee work and support to non-government senators, with additional on-going funding being received in the 2023-24 Budget to assist with meeting the demand of Senate Committees. Moving into the final year of the 47th parliament in 2024-25 it is expected that the level of demand will continue until the Federal election is called and the Parliament is prorogued.
The following financial statements reflect the funding received in the Budget to support process transformation (ongoing funding) for changes to the delivery of payroll services and a joint project with the Department of Parliamentary Services for the modernisation of identified parliamentary business applications (funding in the 2024-25 and 2025-26 budget years).
3.2 Budgeted financial statements tables
Table 3.1: Comprehensive income statement (showing net cost of services) for the period ended 30 June
|
2023-24
Estimated
actual
$'000' |
2024-25
Budget
$'000' |
2025-26
Forward
estimate
$'000' |
2026-27
Forward
estimate
$'000' |
2027-28
Forward
estimate
$'000' |
EXPENSES |
|
|
|
|
|
Employee benefits |
24,712 |
26,206 |
26,285 |
25,621 |
25,626 |
Suppliers |
5,050 |
5,392 |
5,757 |
5,892 |
6,195 |
Depreciation and amortisation (a) |
207 |
212 |
200 |
202 |
198 |
Total expenses |
29,969 |
31,810 |
32,242 |
31,715 |
32,019 |
LESS: |
|
|
|
|
|
OWN-SOURCE INCOME |
|
|
|
|
|
Own-source revenue |
|
|
|
|
|
Sale of goods and rendering of services |
450 |
450 |
450 |
450 |
450 |
Total own-source revenue |
450 |
450 |
450 |
450 |
450 |
Gains |
|
|
|
|
|
Resources received free of charge |
2,361 |
2,407 |
2,517 |
2,517 |
2,518 |
Total gains |
2,361 |
2,407 |
2,517 |
2,517 |
2,518 |
Total own-source income |
2,811 |
2,857 |
2,967 |
2,967 |
2,968 |
Net cost of services |
(27,158) |
(28,953) |
(29,275) |
(28,748) |
(29,051) |
Revenue from Government |
26,972 |
28,762 |
29,084 |
28,546 |
28,853 |
Deficit attributable to the Australian Government |
(186) |
(191) |
(191) |
(202) |
(198) |
Total comprehensive loss |
(186) |
(191) |
(191) |
(202) |
(198) |
Total comprehensive loss attributable to the Australian Government |
(186) |
(191) |
(191) |
(202) |
(198) |
Note: Impact of net cash appropriation arrangements |
|
2022-23
Estimated
actual
$'000 |
2023-24
Budget
$'000 |
2024-25
Forward
estimate
$'000 |
2025-26
Forward
estimate
$'000 |
2026-27
Forward
estimate
$'000 |
Total comprehensive loss - as per statement of Comprehensive Income |
(186) |
(191) |
(191) |
(202) |
(198) |
plus: depreciation/amortisation of assets funded by appropriations (DCB) and/or equity injections (a) |
186 |
191 |
191 |
202 |
198 |
plus: depreciation/amortisation expenses for ROU assets (a) |
21 |
16 |
13 |
- |
- |
less: lease principal repayments (a) |
21 |
16 |
13 |
- |
- |
Net Cash Operating Surplus/ (Deficit) |
- |
- |
- |
- |
- |
Prepared on Australian Accounting Standards basis.
(a)Applies leases under AASB 16 Leases |
Table 3.2: Budgeted departmental balance sheet (as at 30 June)
|
2023-24
Estimated
actual
$'000' |
2024-25
Budget
$'000' |
2025-26
Forward
estimate
$'000' |
2026-27
Forward
estimate
$'000' |
2027-28
Forward
estimate
$'000' |
ASSETS |
Financial assets |
Cash and cash equivalents |
226 |
226 |
226 |
226 |
226 |
Trade and other receivables |
14,313 |
14,313 |
14,313 |
14,313 |
14,313 |
Total financial assets |
14,539 |
14,539 |
14,539 |
14,539 |
14,539 |
Non-financial assets |
Property, plant and equipment |
2,138 |
2,271 |
2,397 |
2,532 |
2,645 |
Right of use |
29 |
13 |
- |
- |
- |
Intangibles |
69 |
39 |
26 |
- |
- |
Inventories |
122 |
122 |
122 |
122 |
122 |
Other non-financial assets |
257 |
257 |
257 |
257 |
257 |
Total non-financial assets |
2,615 |
2,702 |
2,802 |
2,911 |
3,024 |
Total assets |
17,154 |
17,241 |
17,341 |
17,450 |
17,563 |
LIABILITIES |
Payables |
Suppliers |
317 |
317 |
317 |
317 |
317 |
Other payables |
781 |
781 |
781 |
781 |
781 |
Total Payables |
1,098 |
1,098 |
1,098 |
1,098 |
1,098 |
Interest bearing liabilities |
Leases |
29 |
13 |
- |
- |
- |
Total interest bearing liabilities |
29 |
13 |
- |
- |
- |
Provisions |
Employee provisions |
7,414 |
7,414 |
7,414 |
7,414 |
7,414 |
Total provisions |
7,414 |
7,414 |
7,414 |
7,414 |
7,414 |
Total liabilities |
8,541 |
8,525 |
8,512 |
8,512 |
8,512 |
Net assets |
8,613 |
8,716 |
8,829 |
8,938 |
9,051 |
EQUITY* |
Parent entity interest |
Contributed equity |
3,260 |
3,559 |
3,859 |
4,166 |
4,477 |
Reserves |
11,495 |
11,495 |
11,495 |
11,495 |
11,495 |
Accumulated deficit |
(6,142) |
(6,338) |
(6,525) |
(6,723) |
(6,921) |
Total parent entity interest |
8,613 |
8,716 |
8,829 |
8,938 |
9,051 |
Total equity |
8,613 |
8,716 |
8,829 |
8,938 |
9,051 |
Prepared on Australian Accounting Standards basis
*Equity is the residual interest in assets after the deduction of liabilities. |
Table 3.3: Departmental statement of changes in equity — summary of movement (Budget year 2024-25)
|
Retained
earnings
$'000 |
Asset
revaluation
reserve
$'000 |
Contributed
equity/
captial
$'000 |
Total
equity
$'000 |
Opening balance as at 1 July 2024 |
Balance carried forw ard from previous period |
(6,147) |
11,495 |
3,260 |
8,608 |
Adjusted opening balance |
(6,147) |
11,495 |
3,260 |
8,608 |
Comprehensive income |
Deficit for the period |
(191 |
- |
- |
(191) |
Total comprehensive income |
(191) |
- |
- |
(191) |
of which:
Attributable to the Australian Government |
(191) |
- |
- |
(191) |
Transactions with owners |
Contributions by owners |
Departmental Capital Budget (DCB) |
- |
- |
299 |
299 |
Sub-total transactions with owners |
- |
- |
299 |
299 |
Estimated closing balance as at 30 June 2025 |
(6,338) |
11,495 |
3,559 |
8,716 |
Closing balance attributable to the Australian Government |
(6,338) |
11,495 |
3,559 |
8,716 |
Prepared on Australian Accounting Standards basis
*The non-controlling interest disclosure is not required if an entity does not have non-controlling interests. |
Table 3.4: Budgeted departmental statement of cash flows (for the period ended 30 June)
|
2023-24
Estimated
actual
$'000' |
2024-25
Budget
$'000' |
2025-26
Forward
estimate
$'000' |
2026-27
Forward
estimate
$'000' |
2027-28
Forward
estimate
$'000' |
OPERATING ACTIVITIES |
|
|
|
|
|
Cash received |
|
|
|
|
|
Appropriations |
26,972 |
28,762 |
29,084 |
28,546 |
28,853 |
Sale of goods and rendering of services |
450 |
450 |
450 |
450 |
450 |
Net GST received |
233 |
245 |
261 |
261 |
261 |
Total cash received |
27,634 |
29,457 |
29,795 |
29,257 |
29,564 |
Cash used |
|
|
|
|
|
Employees |
24,712 |
26,206 |
26,285 |
25,621 |
25,626 |
Suppliers |
2,922 |
3,230 |
3,501 |
3,636 |
3,938 |
Total cash used |
27,634 |
29,436 |
29,786 |
29,257 |
29,564 |
Net cash from operating activities |
21 |
21 |
9 |
- |
- |
INVESTING ACTIVITIES |
|
|
|
|
|
Cash used |
|
|
|
|
|
Purchase of property, plant and equipment and intangibles |
293 |
299 |
300 |
307 |
311 |
Total cash used |
293 |
299 |
300 |
307 |
311 |
Net cash used by investing activities |
(293) |
(299) |
(300) |
(307) |
(311) |
FINANCING ACTIVITIES |
|
|
|
|
|
Cash received |
|
|
|
|
|
Contributed equity |
293 |
299 |
300 |
307 |
311 |
Total cash received |
293 |
299 |
300 |
307 |
311 |
Cash used |
|
|
|
|
|
Repayments of borrowings
Principal payments on lease liability |
21 |
21 |
9 |
- |
- |
Total cash used |
21 |
21 |
9 |
- |
- |
Net cash from financing activities |
272 |
278 |
291 |
307 |
311 |
Net increase/(decrease) in cash held |
- |
- |
- |
- |
- |
Cash and cash equivalents at the beginning of the reporting period |
226 |
226 |
226 |
226 |
226 |
Cash and cash equivalents at the end of the reporting period |
226 |
226 |
226 |
226 |
226 |
Prepared on Australian Accounting Standards basis. |
Table 3.5: Departmental capital budget statement (for the period ended 30 June)
|
2023-24
Estimated
actual
$'000' |
2024-25
Budget
$'000' |
2025-26
Forward
estimate
$'000' |
2026-27
Forward
estimate
$'000' |
2027-28
Forward
estimate
$'000' |
NEW CAPITAL APPROPRIATIONS |
|
|
|
|
|
Capital budget (DCB) |
293 |
299 |
300 |
307 |
311 |
Total new capital appropriations |
293 |
299 |
300 |
307 |
311 |
Provided for: |
|
|
|
|
|
Purchase of non-financial assets |
293 |
299 |
300 |
307 |
311 |
Total items |
293 |
299 |
300 |
307 |
311 |
PURCHASE OF NON-FINANCIAL ASSETS |
|
|
|
|
|
Funded by capital appropriation - DCB (a) |
293 |
299 |
300 |
307 |
311 |
TOTAL |
293 |
299 |
300 |
307 |
311 |
RECONCILIATION OF CASH USED TO ACQUIRE
ASSETS TO ASSET MOVEMENT TABLE |
|
|
|
|
|
Total purchases |
293 |
299 |
300 |
307 |
311 |
Total cash used to acquire assets |
293 |
299 |
300 |
307 |
311 |
Prepared on Australian Accounting Standards basis.
(a) Includes purchases from current and previous years’ Departmental capital budgets (DCBs). |
Table 3.6: Statement of departmental asset movements (Budget year 2023-24)
|
Other property, plant and equipment
$'000 |
Computer software and intangibles
$'000 |
Total
$'000 |
As at 1 July 2024 |
Gross book value |
2,588 |
347 |
2,935 |
Gross book value - ROU assets |
119 |
- |
119 |
Accumulated depreciation/amortisation and impairment |
(451) |
(278) |
(729) |
Accumulated depreciation and impairment - ROU assets |
(89) |
- |
(89) |
Opening net book balance |
2,167 |
69 |
2,236 |
Capital asset additions |
Estimated expenditure on new or replacement assets |
By purchase - capital budget (DCB) |
299 |
- |
299 |
Total additions |
299 |
- |
299 |
Other movements |
Depreciation/amortisation expense |
(161) |
(30) |
(191) |
Depreciation/amortisation on ROU assets |
(21) |
- |
(21) |
Total other movements |
(182) |
(30) |
(212) |
As at 30 June 2025 |
Gross book value |
2,887 |
347 |
3,234 |
Gross book value - ROU assets |
119 |
- |
119 |
Accumulated depreciation/amortisation and impairment |
(612) |
(308) |
(920) |
Accumulated depreciation and impairment - ROU assets |
(110) |
- |
(110) |
Closing net book balance |
2,284 |
39 |
2,323 |
Prepared on Australian Accounting Standards basis. |