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Note 8.4B: Administered budgetary reports – explanations of major variances

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8.4B: Administered budgetary reports - explanations of major variances

Attorney-General's Department administered schedule of comprehensive income
for the period ended 30 June 2016

  Original budget1 Actual Budget estimate
      Revised  Variance2
  2016 2016 2016 2016
  $'000 $'000 $'000 $'000
NET COST OF SERVICES        
EXPENSES        
Employee benefits 34,426 41,274 35,426 5,848
Suppliers 98,141 112,710 121,412 (8,702)
Subsidies to Law Courts Limited 3,421 3,413 3,421 (8)
Personal benefits 14,633 24,897 19,245 5,652
Grants 589,504 396,204 482,347 (86,143)
Depreciation and amortisation 12,989 10,024 11,602 (1,578)
Write-down and impairment of assets and other expenses 22,713 456 335 121
Payments to corporate Commonwealth entities 409,566 265,673 265,673 -
Total expenses 1,185,393 854,651 939,461 (84,810)
         
INCOME        
Revenue        
Non-taxation revenue        
Rendering of services 6,427 7,467 2,466 5,001
Interest from loans to state and territory governments 4,272 1,728 4,380 (2,652)
Dividends – Australian Government Solicitor - 163 - 163
Competitive neutrality – Australian Government Solicitor - 1,201 0 1,201
Recoveries – personal benefit recoveries - 819 - 819
Other non-taxation revenue 42,060 25,499 46,481 (20,982)
Total non-taxation revenue 52,759 36,877 53,327 (16,450)
         
Gains        
Other gains - - - -
Total gains - - - -
Total income 52,759 36,877 53,327 (16,450)
Net cost of services 1,132,634 817,774 886,134 (68,360)
         
OTHER COMPREHENSIVE INCOME        
Items not subject to subsequent reclassification to ‘net cost of services’        
Changes in asset revaluation reserves - 22,045 - 22,045
Actuarial gains/losses on defined benefit plans – former Solicitors -General pension - (488) - (488)
Total other comprehensive income - 21,557 - 21,557
Total comprehensive income attributable to the Australian Government - (796,217) (886,134) 89,917

Notes

1 The Department’s original budgeted financial statements that were first presented to Parliament in respect of the reporting period (i.e. from the Department’s 2015–16 Portfolio Budget Statements).

2 Between the actual and revised budgeted amounts for 2016. Explanations of major variances are provided further below.

Attorney-General's Department administered schedule of assets and liabilities
as at 30 June 2016

  Original budget1 Actual Budget estimate
      Revised  Variance2
  2016 2016 2016 2016
  $'000 $'000 $'000 $'000
ASSETS        
Financial assets        
Cash and cash equivalents 4 1 3 (2)
Loans and receivables 99,217 101,985 107,233 (5,248)
Investments 8,632,009 348,926 335,925 13,001
Other current assets 2,325 - 1,162 (1,162)
Total financial assets 8,733,555 450,912 444,323 6,589
         
Non-financial assets        
Land and buildings 59,033 1,977 13,610 (11,633)
Property, plant and equipment 12,092 5,656 9,240 (3,584)
Intangibles 705 1,545 (60) 1,605
Other non-financial assets - 1,351 - 1,351
Total non-financial assets 71,830 10,529 22,790 (12,261)
Total assets administered on behalf of Government 8,805,385 461,441 467,113 (5,672)
         
LIABILITIES        
Payables        
Suppliers 14,127 13,178 17,033 (3,855)
Grants 11,205 5,671 8,346 (2,675)
Other payables 411 252 336 (84)
Total payables 25,743 19,101 25,715 (6,614)
         
Provisions        
Employee and superannuation provisions 6,635 7,918 7,113 805
Make-good provisions - 1,310 1,291 19
Total provisions 6,635 9,228 8,404 824
Total liabilities administered on behalf of Government 32,378 28,329 34,119 (5,790)
Net assets 8,773,007 433,112 432,994 118

Notes

1 The Department’s original budgeted financial statements that were first presented to Parliament in respect of the reporting period (i.e. from the Department’s 2015–16 Portfolio Budget Statements).

2 Between the actual and revised budgeted amounts for 2016. Explanations of major variances are provided further below.

Explanation of major variance Variance amount
$'000
Affected line items
(and statement)
Income    
Rendering of services
The movement reflects the impact of the changes in accounting treatment for Law Courts Limited.
5,001 Rendering of services (administered schedule of comprehensive income)
Other non-taxation revenue
The revised budget estimate included a provision of $21.5m for receipts from the Confiscated Assets Account for payments to other non-corporate Commonwealth entities (grant expenses).
(20,982) Other non-taxation revenue (administered schedule of comprehensive income)
Expenses    
Grants
The variance includes $63.4m for the Data Retention Industry Grants Program, which will now occur in 2016–17. Also see expenditure for other non-taxation revenue above.
(86,143) Grants (administered schedule of comprehensive income)
Assets    
Land and buildings
Following the impact of the Administrative Arrangements Orders of 21 September 2015, budgeted administered assets were updated in the 2016–17 Portfolio Budget Statements.
(11,633) Land and buildings (administered schedule of assets and liabilities)
Property, plant and equipment
See above.
(3,584) Property, plant and equipment (administered schedule of assets and liabilities)
Intangibles
See above.
1,605 Intangibles (administered schedule of assets and liabilities)
Other non-financial assets
See above.
1,351 Other non-financial assets (administered schedule of assets and liabilities)
Liabilities    
Supplier payables
The budgeted estimate for supplier payables is made on a rolling three-year historical trend, which has resulted in an estimate greater than the 2015–16 actual.
(3,855) Supplier payables (administered schedule of assets and liabilities)
Grant payables
The budgeted estimate for grant payables is made on a rolling three-year historical trend, which has resulted in an estimate greater than the 2015–16 actual.
(2,675) Grant payables (administered schedule of assets and liabilities)

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