Section 3: Budgeted financial statements

Section 3 presents budgeted financial statements which provide a comprehensive snapshot of the department's finances for the 2022-23 budget year, including the impact of budget measures and resourcing on financial statements.

Explanatory notes and analysis of budgeted financial statements

Recent parliaments have seen a significant increase in the department's workload, particularly in supporting parliamentary committees. Senate select and joint select committees stand outside of the Senate's standing committee system. The establishment and workload of select committees is determined by the Senate and, when small in number, the support is absorbed by the existing standing committee secretariats.

The establishment of select committees in recent parliaments has far exceeded the levels on which the department's funding was based. The increased level of activity, without affecting the level of support available to legislation and references committees, is not sustainable.

Should the number and duration of committees established by the Senate continues at this level, the department will seek additional resources to ensure the requirements of the Senate and senators can continue to be met.

3.2. Budgeted financial statements tables

Table 3.1: Comprehensive income statement (showing net cost of services) for the period ended 30 June
	2021-22 Estimated actual $'000'	2022-23 Budget $'000'	2023-24 Forward estimate $'000'	2024-25 Forward estimate $'000'	2025-26 Forward estimate $'000'
EXPENSES
Employee benefits	22,664	21,788	22,575	22,678	22,733
Suppliers	3,880	4,869	4,866	5,099	5,386
Depreciation and amortisation (a)	207	200	207	210	198
Loss on disposal of assets	104	-	-	-	-
Total expenses	26,855	26,857	27,648	27,987	28,317
LESS:
OWN-SOURCE INCOME
Own-source revenue
Sale of goods and rendering of services	503	450	450	450	450
Total own-source revenue	503	450	450	450	450
Gains
Resources received free of charge	2,028	2,292	2,361	2,407	2,517
Total gains	2,028	2,292	2,361	2,407	2,517
Total own-source income	2,531	2,742	2,811	2,857	2,967
Net cost of services	(24,324)	(24,115)	(24,837)	(25,130)	(25,350)
Revenue from Government	25,811	23,937	24,651	24,941	25,161
Deficit attributable to the Australian Government	1,487	(178)	(186)	(189)	(189)
Total comprehensive loss	1,487	(178)	(186)	(189)	(189)
Total comprehensive loss attributable to the Australian Government	1,487	(178)	(186)	(189)	(189)
Note: Impact of net cash appropriation arrangements
	2021-22 Estimated actual $'000	2022-23 Budget $'000	2023-24 Forward estimate $'000	2024-25 Forward estimate $'000	2025-26 Forward estimate $'000
Total comprehensive loss - as per statement of Comprehensive Income	1,487	(178)	(186)	(189)	(189)
plus: depreciation/amortisation of assets funded by appropriations (DCB)	185	178	186	189	189
plus: depreciation/amortisation expenses for ROU assets (a)	22	22	21	21	9
less: lease principal repayments (a)	(22)	(22)	(21)	(21)	(9)
Net Cash Operating Surplus/ (Deficit)	1,672	-	-	-	-

Prepared on Australian Accounting Standards basis.
(a) Applies leases under AASB 16 Leases

Table 3.2: Budgeted departmental balance sheet (as at 30 June)
	2021-22 Estimated actual $'000	2022-23 Budget $'000	2023-24 Forward estimate $'000	2024-25 Forward estimate $'000	2025-26 Forward estimate $'000
ASSETS
Financial assets
Cash and cash equivalents	204	204	204	204	204
Trade and other receivables	15,773	15,773	15,773	15,773	15,773
Total financial assets	15,977	15,977	15,977	15,977	15,977
Non-financial assets
Property, plant and equipment	1,761	1,896	2,034	2,172	2,298
Right of use	11	54	32	11	-
Intangibles	143	103	73	43	30
Inventories	118	118	118	118	118
Other non-financial assets	237	226	226	226	226
Total non-financial assets	2,270	2,397	2,483	2,570	2,672
Assets held for sale
Total assets	18,247	18,374	18,460	18,547	18,649
LIABILITIES
Payables
Suppliers	139	139	139	139	139
Other payables	606	606	606	606	606
Total Payables	745	745	745	745	745
Interest bearing liabilities
Leases	11	51	30	9	-
Total interest bearing liabilities	11	51	30	9	-
Provisions
Employee provisions	7,118	7,118	7,118	7,118	7,118
Total provisions	7,118	7,118	7,118	7,118	7,118
Total liabilities	7,874	7,914	7,893	7,872	7,863
Net assets	10,373	10,460	10,567	10,675	10,786
EQUITY*
Parent entity interest
Contributed equity	2,702	2,967	3,260	3,557	3,857
Reserves	11,495	11,495	11,495	11,495	11,495
Accumulated deficit	(3,824)	(4,002)	(4,188)	(4,377)	(4,566)
Total parent entity interest	10,373	10,460	10,567	10,675	10,786
Total equity	10,373	10,460	10,567	10,675	10,786

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 2022-23)
	Retained earnings $'000	Asset revaluation reserve $'000	Contributed equity/ captial $'000	Total equity $'000
Opening balance as at 1 July 2022
Balance carried forw ard from previous period	(3,824)	11,495	2,702	10,373
Adjusted opening balance	(3,824)	11,495	2,702	10,373
Comprehensive income
Deficit for the period	(178)	-	-	(178)
Total comprehensive income	(178)	-	-	(178)
of which:
Attributable to the Australian Government	(178)	-	-	(178)
Transactions with owners
Contributions by owners
Departmental Capital Budget (DCB)	-	-	265	265
Sub-total transactions with owners	-	-	265	265
Estimated closing balance as at 30 June 2023	(4,002)	11,495	2,967	10,460
Closing balance attributable to the Australian Government	(4,002)	11,495	2,967	10,460

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)
	2021-22 Estimated actual $'000	2022-23 Budget $'000	2023-24 Forward estimate $'000	2024-25 Forward estimate $'000	2025-26 Forward estimate $'000
OPERATING ACTIVITIES
Cash received
Appropriations	25,592	23,937	24,651	24,941	25,161
Sale of goods and rendering of services	455	450	450	450	450
Net GST received	142	245	233	245	261
Total cash received	26,189	24,632	25,334	25,636	25,872
Cash used
Employees	23,070	21,788	22,575	22,678	22,733
Suppliers	3,030	2,822	2,738	2,937	3,130
Total cash used	26,100	24,610	25,313	25,615	25,863
Net cash from operating activities	89	22	21	21	9
INVESTING ACTIVITIES
Cash used
Purchase of property, plant and equipment and intangibles	130	265	293	297	300
Other	111	-	-	-	-
Total cash used	241	265	293	297	300
Net cash used by investing activities	(241)	(265)	(293)	(297)	(300)
FINANCING ACTIVITIES
Cash received
Contributed equity	200	265	293	297	300
Other	30	-	-	-	-
Total cash received	230	265	293	297	300
Cash used
Principal payments on lease liability	21	22	21	21	9
Total cash used	21	22	21	21	9
Net cash from financing activities	209	243	272	276	291
Net increase/(decrease) in cash held	57	-	-	-	-
Cash and cash equivalents at the beginning of the reporting period	147	204	204	204	204
Cash and cash equivalents at the end of the reporting period	204	204	204	204	204

Table 3.5: Departmental capital budget statement (for the period ended 30 June)
	2021-22 Estimated actual $'000	2022-23 Budget $'000	2023-24 Forward estimate $'000	2024-25 Forward estimate $'000	2025-26 Forward estimate $'000
NEW CAPITAL APPROPRIATIONS
Capital budget (DCB)	200	265	293	297	300
Total new capital appropriations	200	265	293	297	300
Provided for:
Purchase of non-financial assets	200	265	293	297	300
Total items	200	265	293	297	300
PURCHASE OF NON-FINANCIAL ASSETS
Funded by capital appropriation - DCB (a)	200	265	293	297	300
TOTAL	200	265	293	297	300
RECONCILIATION OF CASH USED TO ACQUIRE ASSETS TO ASSET MOVEMENT TABLE
Total purchases	200	265	293	297	300
Total cash used to acquire assets	200	265	293	297	300

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 2022-23)
As at 1 July 2022
	Other property, plant and equipment $'000	Computer software and intangibles $'000	Total $'000
Gross book value	1,921	364	2,285
Gross book value - ROU assets	65	-	65
Accumulated depreciation/amortisation and impairment	(150)	(221)	(371)
Accumulated depreciation and impairment - ROU assets	(52)	-	(52)
Opening net book balance	1,784	143	1,927
Capital asset additions
Estimated expenditure on new or replacement assets
By purchase - capital budget (DCB)	265	-	265
By purchase - departmental appropriation - ROU assets	61	-	61
Total additions	326	-	326
Other movements
Depreciation/amortisation expense	(138)	(40)	(178)
Depreciation/amortisation on ROU assets	(22)	-	(22)
Total other movements	(160)	(40)	(200)
As at 30 June 2023
Gross book value	2,184	364	2,548
Gross book value - ROU assets	128	-	128
Accumulated depreciation/amortisation and impairment	(288)	(261)	(549)
Accumulated depreciation and impairment - ROU assets	(74)	-	(74)
Closing net book balance	1,950	103	2,053

Prepared on Australian Accounting Standards basis.