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Note 34: Budgetary reports and explanations of major variances

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34A: Departmental budgetary reports

ATTORNEY-GENERAL’S DEPARTMENT
STATEMENT OF COMPREHENSIVE INCOME

for the period ended 30 June 2015
Actual Budget estimate
Original 1 Variance 2
2015 2015 2015
$'000 $'000 $'000
NET COST OF SERVICES
EXPENSES
Employee benefits 185,558 194,021 (8,463)
Suppliers 135,612 151,106 (15,494)
Grants 5,913 5,913
Depreciation and amortisation 23,976 24,266 (290)
Write-down and impairment of assets and other expenses 66 66
Total expenses 351,125 369,393 (18,268)
OWN SOURCE INCOME
Own-source revenue
Sale of goods and rendering of services 109,472 113,263 (3,791)
Other revenue 907 392 515
Total own-source revenue 110,379 113,655 (3,276)
Gains
Other gains 470 537 (67)
Total gains 470 537 (67)
Total own-source income 110,849 114,192 (3,343)
Net cost of services 240,276 255,201 (14,925)
Revenue from government 225,683 231,656 (5,973)
Deficit attributable to the Australian Government (14,593) (23,545) 8,952
OTHER COMPREHENSIVE INCOME
Items not subject to subsequent reclassification to net cost of service
Changes in asset revaluation surplus/(deficit) (94) (94)
Total other comprehensive income (94) (94)
Total comprehensive income/(loss) attributable to the Australian Government (14,687) (23,545) 8,858

1The Department's original budgeted financial statements that was first presented to Parliament in respect of the reporting period (ie from the Department's 2014-15 Portfolio Budget Statements (PBS)).

2Between the actual and original budgeted amounts for 2015. Explanations of major variances are provided further below.

ATTORNEY-GENERAL’S DEPARTMENT
STATEMENT OF FINANCIAL POSITION

as at 30 June 2015
Actual Budget estimate
Original 1 Variance 2
2015 2015 2015
$'000 $'000 $'000
ASSETS
Financial assets
Cash and cash equivalents 3,630 2,792 838
Trade and other receivables 88,406 60,999 27,407
Total financial assets 92,036 63,791 28,245
Non-financial assets
Land and buildings 62,109 59,295 2,814
Property, plant and equipment 59,436 55,190 4,246
Intangibles 20,794 18,357 2,437
Other non-financial assets 5,652 4,359 1,293
Total non-financial assets 147,991 137,201 10,790
Total assets 240,027 200,992 39,035
LIABILITIES
Payables
Suppliers 31,069 31,148 (79)
Grants 24 24
Other payables 25,851 7,271 18,580
Total payables 56,944 38,419 18,525
Provisions
Employee provisions 43,743 50,342 (6,599)
Makegood provisions 128 72 56
Other provisions 3,502 3,502
Total provisions 47,373 50,414 (3,041)
Total liabilities 104,317 88,833 15,484
Net assets 135,710 112,159 23,551

1 The Department's original budgeted financial statements that was first presented to Parliament in respect of the reporting period (ie from the Department's 2014-15 Portfolio Budget Statements (PBS)).

2 Between the actual and original budgeted amounts for 2015. Explanations of major variances are provided further below.

ATTORNEY-GENERAL’S DEPARTMENT
STATEMENT OF CHANGES IN EQUITY

for the period ended 30 June 2015
Retained earnings Asset revaluation surplus Contributed equity/capital Total equity
Actual Budget estimate Actual Budget estimate Actual Budget estimate Actual Budget estimate
Original
1
Variance
2
Original
1
Variance
2
Original
1
Variance
2
Original
1
Variance
2
2015 2015 2015 2015 2015 2015 2015 2015 2015 2015 2015 2015
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Opening balance
Balance carried forward from previous period (117,489) (122,504) 5,015 22,458 18,918 3,540 229,124 224,768 4,356 134,093 121,182 12,911
Adjustment for prior period 100 100 100 100
Adjusted opening balance (117,389) (122,504) 5,115 22,458 18,918 3,540 229,124 224,768 4,356 134,193 121,182 13,011
Comprehensive Income
Other comprehensive income (94) (94) (94) (94)
Surplus/(Deficit) for the period (14,593) (23,545) 8,952 (14,593) (23,545) 8,952
Total comprehensive income (14,593) (23,545) 8,952 (94) (94) (14,687) (23,545) 8,858
Transactions with owners
Distributions to owners
Distribution of equity 4,197 (4,197) 4,197 (4,197)
Contributions by owners
Departmental Capital Budget 15,614 9,735 5,879 15,614 9,735 5,879
Equity injection - Appropriations 590 590 590 590
Total transactions with owners 16,204 14,522 1,682 16,204 14,522 1,682
Closing balance as at 30 June (131,982) (146,049) 14,067 22,364 18,918 3,446 245,328 239,290 6,038 135,710 112,159 23,551

1The Department's original budgeted financial statements that was first presented to Parliament in respect of the reporting period (ie from the Department's 2014-15 Portfolio Budget Statements (PBS)).

2Between the actual and original budgeted amounts for 2015. Explanations of major variances are provided further below.

ATTORNEY-GENERAL’S DEPARTMENT
CASH FLOW STATEMENT

for the period ended 30 June 2015
Actual Budget estimate
Original 1 Variance 2
2015 2015 2015
$'000 $'000 $'000
OPERATING ACTIVITIES
Cash received
Sale of goods and rendering of services 114,224 112,683 1,541
Appropriations 329,111 232,206 96,905
Net GST received 9,416 9,416
Other 907 907
Total cash received 453,658 344,889 108,769
Cash used
Employees 185,593 191,398 (5,805)
Suppliers 146,957 153,491 (6,534)
Grants 5,970 5,970
Section 74 receipts transferred to OPA 112,761 112,761
Total cash used 451,281 344,889 106,392
Net cash from operating activities 2,377 2,377
INVESTING ACTIVITIES
Cash received
Proceeds from sales of property, plant and equipment
Total cash received
Cash used
Purchase of land and buildings 3,687 3,687
Purchase of property, plant and equipment 5,907 14,522 (8,615)
Purchase of intangibles and internally developed intangibles 9,751 9,751
Total cash used 19,345 14,522 4,823
Net cash used by investing activities (19,345) (14,522) (4,823)
FINANCING ACTIVITIES
Cash received
Contributed equity 16,204 14,522 1,682
Total cash received 16,204 14,522 1,682
Net increase/(decrease) in cash held (764) (764)
Cash and cash equivalents at the beginning of the reporting period 4,394 2,792 1,602
Cash and cash equivalents at the end of the reporting period 3,630 2,792 838

1The Department's original budgeted financial statements that was first presented to Parliament in respect of the reporting period (ie from the Department's 2014-15 Portfolio Budget Statements (PBS)).

2 Between the actual and original budgeted amounts for 2015. Explanations of major variances are provided further below.

34B: Departmental major budget variances for 2015

Explanation of major variance Affected line items (and statement)

Employee benefits

The variance was caused by a reduction in staffing numbers. At 30 June 2015 the Department’s actual staffing level was 1,443 (2014 budget: 1,518).
Employee benefits expense (Statement of Comprehensive Income), Employee provisions (Statement of Financial Position) and Operating cash used – employees (Cash Flow Statement).

Suppliers

Supplier expenses are below budget due to a reduction in departmental appropriation.
Suppliers expense (Statement of Comprehensive Income), Suppliers payable (Statement of Financial Position) and Operating cash used – suppliers (Cash Flow Statement).

Sale of goods and rendering of services

Reimbursement revenue from the Department of Defence for the operation of the Defence Abuse Response Taskforce (DART) was less than estimated.
Sale of goods and rendering of services (Statement of Comprehensive Income), Operating cash received – sale of goods and rendering of services (Cash Flow Statement).

Trade and other receivables

Underspends in net appropriations which will be extinguished in future periods.
Trade and other receivables (Statement of Financial Position).

Non-financial assets

The total movement in non-financial assets included the revaluation of the library collection and other asset acquisitions during the year.
Non-financial assets (Statement of Financial Position) and Investing cash used – purchase of non-financial assets (Cash Flow Statement).

Other payables

Movement is due to actual unearned income being higher than budgeted. For actuals, other payables includes accrued salary and superannuation payables.
Payables – other (Statement of Financial Position).

Employee provisions

Budget estimate include a component of accrued salary and superannuation that are classified as other payables for financial reporting.
Payables – other and Employee provisions – (Statement of Financial Position).

Other provisions

Movement is due to the Department recognising an onerous lease provision for space at 4 National Circuit.
Provisions – other (Statement of Financial Position).

34C: Administered budgetary reports

ATTORNEY-GENERAL’S DEPARTMENT
ADMINISTERED SCHEDULE OF COMPREHENSIVE INCOME

for the period ended 30 June 2015
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Actual Budget estimate
Original 1 Variance 2
2015 2015 2015
$'000 $'000 $'000
NET COST OF SERVICES
EXPENSES
Employee benefits 35,511 31,738 3,773
Suppliers 122,993 130,852 (7,859)
Subsidies 3,381 3,386 (5)
Personal benefits 114,364 8,551 105,813
Grants 517,847 521,267 (3,420)
Depreciation and amortisation 10,130 17,506 (7,376)
Write-down and impairment of assets 517 517
Payments to corporate Commonwealth entities 471,068 439,103 31,965
Total expenses 1,275,811 1,152,403 123,408
INCOME
Revenue
Non-taxation revenue
Sale of goods and rendering of services 7,239 7,611 (372)
Interest 6,072 5,681 391
Dividends 11,849 1,100 10,749
Competitive neutrality 2,775 2,775
Recoveries 106 106
Other non-taxation revenue 28,125 3,960 24,165
Total non-taxation revenue 56,166 18,352 37,814
Gains
Other gains
Total gains
Total Income 56,166 18,352 37,814
Net cost of services 1,219,645 1,134,051 85,594
Deficit on continuing operations (1,219,645) (1,134,051) (85,594)
OTHER COMPREHENSIVE INCOME
Items not subject to subsequent reclassification to net cost of services
Changes in asset revaluation surplus 492,863 492,863
Actuarial gains/losses on defined benefit plans - former Solicitor-General pension (14) (14)
Total other comprehensive income 492,849 492,849
Total comprehensive income (726,796) (1,134,051) 407,255

1 The Department's original budgeted financial statement that was first presented to Parliament in respect of the reporting period (ie from the Department's 2014-15 Portfolio Budget Statements (PBS)).

2 Between the actual and original budgeted amounts for 2015. Explanations of major variances are provided further below.

ATTORNEY-GENERAL’S DEPARTMENT
ADMINISTERED SCHEDULE OF ASSETS AND LIABILITIES

as at 30 June 2015
Actual Budget estimate
Original 1 Variance 2
2015 2015 2015
$'000 $'000 $'000
ASSETS
Financial assets
Cash and cash equivalents 3 3
Loans and receivables 123,989 152,232 (28,243)
Investments 9,140,266 8,447,849 692,417
Other current assets
Total financial assets 9,264,258 8,600,081 664,177
Non-financial assets
Land and buildings 64,861 49,208 15,653
Property, plant and equipment 8,186 11,723 (3,537)
Intangibles 1,885 218 1,667
Other non-financial assets 1,330 862 468
Total non-financial assets 76,262 62,011 14,251
Total assets administered on behalf of Government 9,340,520 8,662,092 678,428
LIABILITIES
Payables
Suppliers 18,060 6,877 11,183
Grants 6,771 27,779 (21,008)
Other payables 869 869
Total payables 25,700 34,656 (8,956)
Provisions
Employee provisions 1,349 1,349
Makegood provisions 1,248 694 554
Superannuation provisions - former Solicitor-General pension 5,600 5,703 (103)
Total provisions 8,197 6,397 1,800
Total liabilities administered on behalf of Government 33,897 41,053 (7,156)
Net assets 9,306,623 8,621,039 685,584

1The Department's original budgeted financial statement that was first presented to Parliament in respect of the reporting period (ie from the Department's 2014-15 Portfolio Budget Statements (PBS)).

2Between the actual and original budgeted amounts for 2015. Explanations of major variances are provided further below.

Note 34D: Administered major budget variances for 2015

Explanation of major variance Affected line items (and statement)

Suppliers

The movement is due to changes in the timing of estimated expenditure.
Suppliers and Grants (Administered Schedule of Comprehensive Income).

Personal benefits

These payments are a demand driven programme tied to the occurrence of natural disasters. In the 2014-15 financial year there was a number of large natural disasters (Tropical Cyclones Lam and Marcia and the NSW floods).
Personal benefits (Administered Schedule of Comprehensive Income).

Dividends

The variance is driven by payment of a special dividend of $9.5m from the Australian Government Solicitor (AGS).
Dividends (Administered Schedule of Comprehensive Income).

Suppliers payable

The movement is due to a change in the timing of estimated expenses.
Suppliers (Administered Schedule of Comprehensive Income) and Payables – suppliers (Administered Schedule of Assets and Liabilities).

Grants payable

The movement is due to a minor delay in the timing of grant payments.
Grants (Administered Schedule of Comprehensive Income) and Payables – grants (Administered Schedule of Assets and Liabilities).

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