Section 3: Budgeted financial statements

Section 3 presents budgeted financial statements which provide a comprehensive snapshot of the department’s finances for the 2021-22 budget year, including the impact of budget measures and resourcing on financial statements.

3.1 Budgeted financial statements

3.1.1 Explanatory notes and analysis of budgeted financial statements

Recent parliaments have seen a significant increase in the department’s workload, particularly of Senate 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 the current Parliament far exceeds 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.

Following one-off supplementation in 2020-21 (of $2.2m), the department welcomes further supplementation of $2.0m for 2021-22 to support the continued elevated levels of committee activity, and in particular select committee activity, during the financial year. If the number and duration of committees established by the Senate continues at this level in future parliaments, the department will seek additional resources over the forward estimates to ensure the requirements of the Senate and senators can continue to be met.

The department has reclassified a portion of its capital budget from 2021-22 and onwards, in the order of $0.2m, to better reflect the changing nature of ICT services.

3.2. Budgeted financial statements tables

Table 3.1: Comprehensive income statement (showing net cost of services) for the period ended 30 June
	2020-21 Estimated actual $'000'	2021-22 Budget $'000'	2022-23 Forward estimate $'000'	2023-24 Forward estimate $'000'	2024-25 Forward estimate $'000'
EXPENSES
Employee benefits	23,437	23,411	21,718	21,911	21,912
Suppliers	5,006	5,076	4,856	4,792	4,884
Depreciation and amortisation (a)	197	200	190	185	187
Total expenses	28,640	28,687	26,764	26,888	26,983
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	2,204	2,247	2,292	2,337	2,337
Total gains	2,204	2,247	2,292	2,337	2,337
Total own-source income	2,654	2,697	2,742	2,787	2,787
Net cost of services	(25,986)	(24,990)	(24,022)	(24,101)	(24,196)
Revenue from Government	25,810	25,811	23,844	23,916	24,009
Deficit attributable to the Australian Government	(176)	(179)	(178)	(185)	(187)
Total comprehensive loss	(176)	(179)	(178)	(185)	(187)
Total comprehensive loss attributable to the Australian Government	(176)	(179)	(178)	(185)	(187)
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 income/(loss) less depreciation/amortisation expenses previously funded through revenue appropriations	-	-	-	-	-
less: depreciation/amortisation expenses previously funded through revenue appropriations	176	179	182	185	187
less: depreciation/amortisation expenses for ROU (a)	21	21	8	-	-
add: principal repayments on leased assets (a)	21	21	12	-	-
Total comprehensive loss - as per the statement of comprehensive income	(176)	(179)	(178)	(185)	(187)

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

Table 3.2: Budgeted departmental balance sheet (as at 30 June)
	2020-21 Estimated actual $'000	2021-22 Budget $'000	2022-23 Forward estimate $'000	2023-24 Forward estimate $'000	2024-25 Forward estimate $'000
ASSETS
Financial assets
Cash and cash equivalents	153	153	153	153	153
Trade and other receivables	12,478	12,478	12,478	12,478	12,478
Total financial assets	12,631	12,631	12,631	12,631	12,631
Non-financial assets
Property, plant and equipment	2,213	2,290	2,410	2,539	5,668
Right of use	33	6	-	-	-
Intangibles	197	147	107	77	47
Inventories	130	130	130	130	130
Other non-financial assets	239	239	239	239	239
Total non-financial assets	2,812	2,812	2,886	2,985	3,084
Total assets	15,443	15,443	15,517	15,616	15,715
LIABILITIES
Payables
Suppliers	94	94	94	94	94
Other payables	467	467	467	467	467
Total Payables	561	561	561	561	561
Interest bearing liabilities
Leases	33	12	-	-	-
Total interest bearing liabilities	33	12	-	-	-
Provisions
Employee provisions	7,737	7,737	7,737	7,737	7,737
Total provisions	7,737	7,737	7,737	7,737	7,737
Total liabilities	8,331	8,310	8,298	8,298	8,298
Net assets	7,112	7,133	7,219	7,318	7,417
EQUITY*
Parent entity interest
Contributed equity	2,604	2,804	3,068	3,352	3,638
Reserves	11,347	11,347	11,347	11,347	11,347
Accumulated deficit	(6,839)	(7,018)	(7,196)	(7,381)	(7,568)
Total parent entity interest	7,112	7,133	7,219	7,318	7,417
Total equity	7,112	7,133	7,219	7,318	7,417

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 2021
Balance carried forward from previous period	(6,839)	11,347	2,604	7,112
Adjusted opening balance	(6,839)	11,347	2,604	7,112
Comprehensive income
Deficit for the period	(179)	-	-	(179)
Total comprehensive income	(179)	-	-	(179)
of which:
Attributable to the Australian Government	(179)	-	-	(179)
Transactions with owners
Contributions by owners
Departmental Capital Budget (DCB)	-	-	200	200
Sub-total transactions with owners	-	-	200	200
Estimated closing balance as at 30 June 2022	(7,018)	11,347	2,804	7,133
Closing balance attributable to the Australian Government	(7,018)	11,347	2,804	7,133

Prepared on Australian Accounting Standards basis

Table 3.4: Budgeted departmental statement of cash flows (for the period ended 30 June)
	2020-21 Estimated actual $'000	2021-22 Budget $'000	2022-23 Forward estimate $'000	2023-24 Forward estimate $'000	2024-25 Forward estimate $'000
OPERATING ACTIVITIES
Cash received
Appropriations	25,810	25,811	23,844	23,916	24,009
Sale of goods and rendering of services	450	450	450	450	450
Net GST received	200	263	245	233	-
Total cash received	26,460	26,524	24,539	24,599	24,459
Cash used
Employees	23,437	23,411	21,718	21,911	21,912
Suppliers	3,002	3,092	2,809	2,688	2,547
Total cash used	26,439	26,503	24,527	24,599	24,459
Net cash from operating activities	21	21	12	-	-
INVESTING ACTIVITIES
Cash used
Purchase of property, plant and equipment and intangibles	401	200	264	284	286
Total cash used	401	200	264	284	286
Net cash used by investing activities	(401)	(200)	(264)	(284)	(286)
FINANCING ACTIVITIES
Cash received
Contributed equity	401	200	264	284	286
Total cash received	401	200	264	284	286
Cash used
Principal payments on lease liability	21	21	12	-	-
Total cash used	21	21	12	-	-
Net cash from financing activities	380	179	252	284	286
Net increase/(decrease) in cash held	-	-	-	-	-
Cash and cash equivalents at the beginning of the reporting period	153	153	153	153	153
Cash and cash equivalents at the end of the reporting period	153	153	153	153	153

Table 3.5: Departmental capital budget statement (for the period ended 30 June)
	2020-21 Estimated actual $'000	2021-22 Budget $'000	2022-23 Forward estimate $'000	2023-24 Forward estimate $'000	2024-25 Forward estimate $'000
NEW CAPITAL APPROPRIATIONS
Capital budget (DCB)	401	200	264	284	286
Total new capital appropriations	401	200	264	284	286
Provided for:
Purchase of non-financial assets	401	200	264	284	286
Total items	401	200	264	284	286
PURCHASE OF NON-FINANCIAL ASSETS
Funded by capital appropriation - DCB (a)	401	200	264	284	286
TOTAL	401	200	264	284	286
RECONCILIATION OF CASH USED TO ACQUIRE ASSETS TO ASSET MOVEMENT TABLE
Total purchases	401	200	264	284	286
Total cash used to acquire assets	401	200	264	284	286

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 2021-22)
As at 1 July 2021
	Other property, plant and equipment $'000	Computer software and intangibles $'000	Total $'000
Gross book value	2,591	663	3,254
Gross book value - ROU assets	64	-	64
Accumulated depreciation/amortisation and impairment	(378)	(466)	(844)
Accumulated depreciation and impairment - ROU assets	(31)	-	(31)
Opening net book balance	2,246	197	2,443
Capital asset additions
Estimated expenditure on new or replacement assets
By purchase - capital budget (DCB)	200	-	200
Total additions	200	-	200
Other movements
Depreciation/amortisation expense	(129)	(50)	(179)
Depreciation/amortisation on ROU assets	(21)	-	(21)
Total other movements	(150)	(50)	(200)
As at 30 June 2022
Gross book value	2,791	663	3,454
Gross book value - ROU assets	64	-	64
Accumulated depreciation/amortisation and impairment	(507)	(516)	(1,023)
Accumulated depreciation and impairment - ROU assets	(52)	-	(52)
Closing net book balance	2,296	147	2,443

Prepared on Australian Accounting Standards basis.

(a) Funding provided through Appropriation (Parliamentary Departments) Bill (No.1) 2021-22 for depreciation/amortisation expenses, DCBs or other operational expenses