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 Financial Performance 2017-18

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The department’s financial performance is summarised in the tables below. Our resource statement and the table showing expenses by outcome are provided in Appendix 1.

The major impact on the department in 2017-18 was the Administrative Arrangements Orders (AAOs) of 20 December 2017 and 10 May 2018. As a result of the AAOs $23.667 million of departmental funding and $37.438 million of administered funding was transferred to the Department of Home Affairs in 2017-18. The transfer also included departmental net assets of $44.289 million and administered net assets of $102.728 million.

Analysis of financial performance

The departmental operating result for 2017–18 was a surplus of $20.506m after providing for income tax expense and asset revaluation surplus compared to a surplus of $7.558 million in 2016-17. The surplus is primarily due to a strong performance by Australian Government Solicitor over the financial year and the timing of implementing budget measures.

The total administered expenses for 2017–18 was $426.166 million compared to $622.135 million in 2016–17.  The 2017–18 expenses include $64.614 million for the royal commissions, $294.887 million in grant payments and $14.391 million paid to the corporate entity within the portfolio (Australian Human Rights Commission).

In addition to the transfer of funding due to the AAOs, the decrease in administered expenditure from 2016-17 to 2017-18 was primarily due to the completion of the Royal Commission into the Protection and Detention of Children in the Northern Territory, the Royal Commission into Institutional Responses to Child Sexual Abuse and the Data Retention Industry Grants Program in 2016-17.

Table 18: Departmental financial performance
  30 June 2018 ($’000) 30 June 2017 ($’000) Variance ($’000)
Operating Expense (including depreciation) 323,400 333,868 (10,468)
Write down and impairment of assets 117 11,209 (11,092)
Total Expenses 323,517 345,077 (21,560)
Own-source revenue 160,388 157,635 2,753
Gains 495 495 -
Net own-source income 160,883 158,130 2,753
Net cost of services 162,634 186,947 (24,313)
Revenue from Government 181,822 199,889 (18,067)
Income Tax Equivalent (4,667) (5,277) 610
Operating surplus (deficit) 14,521 7,665 6,856
Changes in asset revaluation surplus 5,985 (107) 6,092
Total comprehensive income (loss) 20,506 7,558 12,948


Table 19: Administered financial performance
  30 June 2018 ($’000) 30 June 2017 ($’000) Variance ($’000)
Expenses administered on behalf of  government 411,775 622,135 (210,360)
Payments to corporate Commonwealth entities 14,391 - 14,391
Total expenses administered on behalf of government 426,166 622,135 (195,969)
Total non-taxation revenue 26,201 48,967 (22,766)

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