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Primary financial statements

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ATTORNEY-GENERAL'S DEPARTMENT
STATEMENT OF COMPREHENSIVE INCOME

for the period ended 30 June 2017
  Notes 2017
$'000
2016
$'000
NET COST OF SERVICES
EXPENSES
Employee benefits 2.1A 219,274 243,289
Suppliers 4.1A 98,310 102,318
Grants 4.1B 1,382 1,359
Depreciation and amortisation 6.2A 20,179 27,248
Write-down and impairment of assets and other expenses 4.1C 11,209 369
Total expenses   350,354 374,583
 
OWN SOURCE INCOME
Own-source revenue
Sale of goods and rendering of services 4.2A 157,573 166,291
Interest - deposits 4.2B 62 189
Special account receipts 4.2C 829
Total own-source revenue   157,635 167,309
 
Gains
Other gains 4.2D 495 639
Total gains   495 639
Total own-source income   158,130 167,948
 
Net cost of services   192,224 206,635
 
Revenue from government - departmental appropriations 3.1A/4.2E 199,889 194,013
Surplus/(Deficit) attributable to the Australian Government   7,665 (12,622)
 
OTHER COMPREHENSIVE INCOME
Items not subject to subsequent reclassification to
'net cost of service'
Changes in asset revaluation surplus 6.2A (107) (1,653)
Total other comprehensive income   (107) (1,653)
Total comprehensive surplus/(deficit) attributable to the Australian Government   7,558 (14,275)

The above statement should be read in conjunction with the accompanying notes.

Budget variance commentary is disclosed in Note 1.1A.

ATTORNEY-GENERAL'S DEPARTMENT
STATEMENT OF FINANCIAL POSITION

as at 30 June 2017
  Notes 2017
$'000
2016
$'000
ASSETS
Financial assets
Cash and cash equivalents 6.1A 43,923 33,153
Trade and other receivables 6.1B 113,571 89,022
Total financial assets 157,494 122,175
 
Non-financial assets
Land and buildings 6.2A 56,690 64,613
Property, plant and equipment 6.2A 25,072 22,321
Intangibles 6.2A 24,823 19,332
Other non-financial assets 6.2C 10,662 6,907
Total non-financial assets 117,247 113,173
Total assets 274,741 235,348
 
LIABILITIES
Payables
Suppliers 6.3A 40,332 33,537
Grants 6.3B 300 266
Other payables 6.3C 38,697 31,481
Total payables 79,329 65,284
 
Provisions
Employee provisions 2.2A 61,101 60,343
Makegood provisions 6.4A 41 41
Other provisions 6.4B 142 3,614
Total provisions 61,284 63,998
Total liabilities 140,613 129,282
Net assets 134,128 106,066
 
EQUITY
Contributed equity 250,345 229,841
Reserves 20,604 20,711
Accumulated deficit (136,821) (144,486)
Total equity 134,128 106,066

The above statement should be read in conjunction with the accompanying notes.

Budget variance commentary is disclosed in Note 1.1A.

ATTORNEY-GENERAL'S DEPARTMENT
STATEMENT of CHANGES in EQUITY

for the period ended 30 June 2017
  Notes Retained earnings Asset revaluation reserve Contributed equity/capital Total equity
    2017
$'000
2016
$'000
2017
$'000
2016
$'000
2017
$'000
2016
$'000
2017
$'000
2016
$'000
Opening balance  
Balance carried forward from previous period   (144,486) (131,982) 20,711 22,364 229,841 245,328 106,066 135,710
Adjustment for prior period   118 118
Adjusted opening balance   (144,486) (131,864) 20,711 22,364 229,841 245,328 106,066 135,828
 
Comprehensive Income                  
Other comprehensive income   (107) (1,653) (107) (1,653)
Surplus/(Deficit) for the period   7,665 (12,622) 7,665 (12,622)
Total comprehensive income   7,665 (12,622) (107) (1,653) 7,558 (14,275)
 
Transactions with owners  
Distributions to owners  
Distribution of equity - cash transferred to the Official Public Account and appropriation alignment   (44,698) (44,698)
Returns of capital  
Restructuring: Department of Communications and the Arts 9.1A (43,513) (43,513)
Restructuring: Australian Government Solicitor 9.1A 26,405 26,405
Contributions by owners  
Departmental Capital Budget   15,773 16,533 15,773 16,533
Equity injection - Appropriations   4,731 29,786 4,731 29,786
Total transactions with owners   20,504 (15,487) 20,504 (15,487)
Closing balance as at 30 June   (136,821) (144,486) 20,604 20,711 250,345 229,841 134,128 106,066

The above statement should be read in conjunction with the accompanying notes.

Accounting Policy

Equity injections
Amounts appropriated which are designated as 'equity injections' (less any formal reductions) and Departmental Capital Budgets (DCBs) are recognised directly in contributed equity in that year.

Restructuring of administrative arrangements
Net assets received from or relinquished to another Government entity under a restructuring of administrative arrangements are adjusted at their book value directly against contributed equity.

Other distribution to Owners
The Public Governance, Performance and Accountability (Financial Reporting) Rule 2015 (FRR) require that distributions to owners be debited to contributed equity unless in the nature of a dividend.

Budget variance commentary is disclosed in Note 1.1A.

ATTORNEY-GENERAL'S DEPARTMENT
CASH FLOW STATEMENT

for the period ended 30 June 2017
  Notes 2017
$'000
2016
$'000
OPERATING ACTIVITIES
Cash received
Sale of goods and rendering of services   151,869 164,750
Appropriations   223,615 262,674
Net goods and services tax received   6,659 9,045
Interest   62 189
Other   829
Total cash received   382,205 437,487
 
Cash used
Employees   213,816 255,762
Suppliers   101,495 122,095
Grants   1,348 1,118
Section 74 receipts transferred to Official Public Account   43,476 49,819
Total cash used   360,135 428,794
Net cash from operating activities   22,070 8,693
 
INVESTING ACTIVITIES
Cash used
Purchase of land and buildings   12,103 1,826
Purchase of property, plant and equipment   9,072 4,947
Purchase of intangibles and internally developed intangibles   10,629 7,318
Total cash used   31,804 14,091
Net cash used by investing activities   (31,804) (14,091)
 
FINANCING ACTIVITIES
Cash received
Contributed equity   20,504 33,196
Total cash received   20,504 33,196
 
Cash used
Dividends paid  
Total cash used  
Net cash from financing activities   20,504 33,196
 
Net increase/(decrease) in cash held   10,770 27,798
Cash and cash equivalents at the beginning of the reporting period   33,153 6,306
Cash transferred as part of restructure to the Department of Communications and the Arts 9.1A (951)
Cash and cash equivalents at the end of the reporting period 6.1A 43,923 33,153

The above statement should be read in conjunction with the accompanying notes.

Budget variance commentary is disclosed in Note 1.1A.

ATTORNEY-GENERAL'S DEPARTMENT
ADMINISTERED SCHEDULE OF COMPREHENSIVE INCOME

for the period ended 30 June 2017
  Notes 2017
$'000
2016
$'000
NET COST OF SERVICES
EXPENSES
Employee benefits 2.1B 46,489 41,274
Suppliers 5.1A 101,690 112,710
Subsidy to Law Courts Limited 5.1B 3,446 3,413
Personal benefits 5.1C 28,187 24,897
Grants 5.1D 437,141 396,204
Depreciation and amortisation 7.2A 5,195 10,024
Write-down and impairment of assets and other expenses 5.1E (13) 456
Payments to corporate Commonwealth entities 5.1F 265,673
Total expenses   622,135 854,651
 
INCOME
Revenue
Non-taxation revenue
Rendering of services 5.2A 32,478 7,467
Interest from loans to state and territory governments 5.2B 2,674 1,728
Dividends - Australian Government Solicitor 5.2C 163
Competitive neutrality - Australian Government Solicitor 5.2D 2,857 1,201
Recoveries - personal benefit recoveries 5.2E 565 819
Other non-taxation revenue 5.2F 10,393 25,499
Total non-taxation revenue   48,967 36,877
Net cost of services   573,168 817,774
 
OTHER COMPREHENSIVE INCOME
Items not subject to subsequent reclassification to net cost of services  
Changes in asset revaluation surplus   5,945 22,045
Actuarial gains/losses on defined benefit plans - former Solicitor-Generals' pensions 2.3 (81) (488)
Total other comprehensive income   5,864 21,557
Total comprehensive income attributable to the Australian Government   (567,304) (796,217)

The above schedule should be read in conjunction with the accompanying notes.

Budget variance commentary is disclosed in Note 1.1B.

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

as at 30 June 2017
  Notes 2017
$'000
2016
$'000
ASSETS
Financial assets
Cash on hand or deposit 7.1A 4 1
Loans and receivables 7.1B 135,417 101,985
Investments 7.1C 351,236 348,926
Total financial assets   486,657 450,912
 
Non-financial assets
Land and buildings 7.2A 880 1,977
Property, plant and equipment 7.2A 3,030 5,656
Intangibles 7.2A 835 1,545
Other non-financial assets 7.2C 642 1,351
Total non-financial assets   5,387 10,529
Total assets administered on behalf of Government   492,044 461,441
 
LIABILITIES
Payables
Suppliers 7.3A 13,769 13,178
Grants 7.3B 9,639 5,671
Other payables 7.3C 328 252
Total payables   23,736 19,101
 
Provisions
Employee provisions 2.2B 2,619 2,049
Superannuation provision - former Solicitor-Generals' pensions 2.3 5,671 5,869
Makegood provisions 7.4 1,323 1,310
Total provisions   9,613 9,228
Total liabilities administered on behalf of Government   33,349 28,329
Net assets   458,695 433,112

The above schedule should be read in conjunction with the accompanying notes.

Budget variance commentary is disclosed in Note 1.1B.

ATTORNEY-GENERAL'S DEPARTMENT
ADMINISTERED RECONCILIATION SCHEDULE

for the period ended 30 June 2017
  2017
$'000
2016
$'000
 
Opening assets less liabilities as at 1 July 433,112 9,306,623
 
Net cost of services
Income 48,967 36,877
Expenses
Payments to entities other than corporate Commonwealth entities (622,135) (588,978)
Payments to corporate Commonwealth entities (265,673)
Other comprehensive income
Revaluations transferred to reserves 5,945 22,045
Actuarial gain/(loss) - former Solicitor-Generals' pensions taken to equity (81) (488)
 
Transfers (to)/from the Australian Government
Appropriation transfers from the Official Public Account (OPA)
Administered assets and liabilities appropriations 19,311 3,959
Annual appropriations
Payments to entities other than corporate Commonwealth entities 606,811 575,306
Payments to corporate Commonwealth entities 290,804
Special appropriations (unlimited)
Payments to entities other than corporate Commonwealth entities 26,872 23,432
Appropriation transfers to OPA
Transfers to OPA (60,107) (110,160)
Restructuring (refer to Note 9.1B) (8,860,635)
Closing assets less liabilities as at 30 June 458,695 433,112

The above schedule should be read in conjunction with the accompanying notes.

Accounting Policy

Administered cash transfers to and from the Official Public Account
Revenue collected by the Department for use by the Government rather than the Department is administered revenue.  Collections are transferred to the Official Public Account (OPA) maintained by the Department of Finance.  Conversely, cash is drawn from the OPA to make payments under Parliamentary appropriation on behalf of Government.  These transfers to and from the OPA are adjustments to the administered cash held by the entity on behalf of the Government and reported as such in the schedule of administered cash flows and in the administered reconciliation schedule.

ATTORNEY-GENERAL'S DEPARTMENT
ADMINISTERED CASH FLOW STATEMENT

for the period ended 30 June 2017
  Notes 2017
$'000
2016
$'000
OPERATING ACTIVITIES
Cash received
Rendering of services   2,651 3,415
Interest from loans to state and territory governments   1,245 1,776
Dividends - Australian Government Solicitor   163
Net goods and services tax received   21,989 25,784
Competitive neutrality - Australian Government Solicitor   2,857 1,201
Recoveries - personal benefit recoveries   565 819
Other non-taxation revenue:
Recovery of unspent grant funding   411 308
Torres Strait Regional Authority receipts   800 800
Proceeds of Crime Act 2002 receipts   6,120 21,068
Other revenue   3,062 3,323
Total cash received   39,700 58,657
 
Cash used
Grants   433,173 395,575
Subsidy to Law Courts Limited   3,446 3,413
Personal benefits   28,467 25,117
Suppliers   118,690 135,862
Employees   45,872 40,501
Payments to corporate Commonwealth entities   265,673
Total cash used   629,648 866,141
Net cash flows used by operating activities   (589,948) (807,484)
 
INVESTING ACTIVITIES
Cash received
Repayments of advances and loans from state governments   16,360 21,369
Australian Government Solicitor cash transferred to Official Public Account   31,596
Total cash received   16,360 52,965
 
Cash used
Purchase of land and buildings   16 1,799
Purchase of property, plant and equipment   746 1,181
Purchase of intangibles   713
Payments to corporate Commonwealth entities for capital purchases   25,131
Advances and loans made to state governments   18,534
Total cash used   19,296 28,824
Net cash flows used by investing activities   (2,936) 24,141
 
FINANCING ACTIVITIES
Cash received
Contributed equity - transfer from Official Public Account   19,311 3,959
Net cash flows from financing activities   19,311 3,959
Net decrease in cash held   (573,573) (779,384)
 
Cash and cash equivalents at the beginning of the reporting period   1 3
Cash from Official Public Account
Appropriations   606,811 575,306
Special appropriations   26,872 23,432
Payments to corporate Commonwealth entities   290,804
Total cash from official public account   633,683 889,542
 
Cash to Official Public Account for
Appropriations   (52,974) (87,686)
Special appropriations   (7,133) (22,474)
Total cash to official public account   (60,107) (110,160)
Cash and cash equivalents at the end of the reporting period 7.1A 4 1

This statement should be read in conjunction with the accompanying notes.

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