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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 2018
  Notes 2018
$'000
2017
$'000
NET COST OF SERVICES      
EXPENSES      
Employee benefits 2.1A 205,747 217,350
Suppliers 4.1A 92,129 94,957
Grants 4.1B 896 1,382
Write-down and impairment of assets and other expenses 4.1C 117 11,209
Resources provided free of charge 4.1D 6,041 -
Depreciation and amortisation 6.2A 18,587 20,179
Total expenses   323,517 345,077
       
OWN SOURCE INCOME      
Own-source revenue      
Sale of goods and rendering of services 4.2A 160,323 157,573
Interest - deposits 4.2B 65 62
Total own-source revenue   160,388 157,635
       
Gains      
Other gains 4.2C 495 495
Total gains   495 495
Total own-source income   160,883 158,130
       
Net cost of services   162,634 186,947
       
Revenue from government - departmental appropriations 4.2D 181,822 199,889
Surplus before income tax on continuing operations   19,188 12,942
Income tax expense 4.1E 4,667 5,277
Surplus after income tax on continuing operations   14,521 7,665
       
OTHER COMPREHENSIVE INCOME      
Items not subject to subsequent reclassification to 'net cost of service'      
Changes in asset revaluation surplus   5,985 (107)
Total other comprehensive income   5,985 (107)
Total comprehensive income attributable to the Australian Government   20,506 7,558

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

Budget variance commentary is disclosed in Note 1.1.


ATTORNEY-GENERAL'S DEPARTMENT
STATEMENT OF FINANCIAL POSITION
as at 30 June 2018
Notes 2018
$'000
2017
$'000
ASSETS      
Financial assets      
Cash and cash equivalents 6.1A 55,735 43,923
Trade and other receivables 6.1B 104,892 113,571
Total financial assets   160,627 157,494
       
Non-financial assets      
Land and buildings 6.2A 53,370 56,690
Heritage and cultural 6.2A 3,774 4,204
Property, plant and equipment 6.2A 9,968 20,868
Intangibles – computer software 6.2A 9,271 24,823
Other non-financial assets 6.2C 8,047 10,662
Total non-financial assets   84,430 117,247
Total assets   245,057 274,741
       
LIABILITIES      
Payables      
Suppliers 6.3A 40,247 41,825
Grants 6.3B - 300
Other payables 6.3C 29,579 30,230
Total payables   69,826 72,355
       
Provisions      
Employee provisions 2.2A 53,571 68,075
Makegood provisions 6.4A 316 41
Other provisions 6.4B 13 142
Total provisions   53,900 68,258
Total liabilities   123,726 140,613
Net assets   121,331 134,128
       
EQUITY      
Contributed equity   234,935 250,345
Reserves   26,589 20,604
Accumulated deficit   (140,193) (136,821)
Total equity   121,331 134,128

The above statement should be read in conjunction with the accompanying notes. Budget variance commentary is disclosed in Note 1.1.

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ATTORNEY-GENERAL'S DEPARTMENT
STATEMENT OF CHANGES IN EQUITY
for the period ended 30 June 2018
  Notes Retained earnings Asset revaluation reserve Contributed equity/capital Total equity
    2018
$'000
2017
$'000
2018
$'000
2017
$'000
2018
$'000
2017
$'000
2018
$'000
2017
$'000
Opening balance
Balance carried forward from previous period   (136,821) (144,486) 20,604 20,711 250,345 229,841 134,128 106,066
Adjusted opening balance   (136,821) (144,486) 20,604 20,711 250,345 229,841 134,128 106,066
 
Comprehensive Income
Other comprehensive income   - - 5,985 (107) - - 5,985 (107)
Surplus/(Deficit) for the period   14,521 7,665 - - - - 14,521 7,665
Total comprehensive income   14,521 7,665 5,985 (107) - - 20,506 7,558
 
Transactions with owners
Distributions to owners
Returns on capital
Dividends   (17,894) - - - - - (17,894) -
Returns of capital
Restructuring: Department of Home Affairs 9.1A - - - - (44,289) - (44,289) -
Contributions by owners
Departmental Capital Budget   - - - - 11,156 15,773 11,156 15,773
Equity injection - Appropriations   - - - - 17,723 4,731 17,723 4,731
Total transactions with owners   (17,894) - - - (15,410) 20,504 (33,304) 20,504
Closing balance as at 30 June   (140,193) (136,821) 26,589 20,604 234,935 250,345 121,331 134,128

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 Budget (DCB) 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 distributions 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 1.1.

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ATTORNEY-GENERAL'S DEPARTMENT
CASH FLOW STATEMENT
for the period ended 30 June 2018
  Notes 2018
$'000
2017
$'000
OPERATING ACTIVITIES      
Cash received      
Sale of goods and rendering of services   171,043 151,869
Appropriations   207,306 223,615
GST received   4,427 6,659
Interest   65 62
Total cash received   382,841 382,205
       
Cash used      
Employees   212,558 211,892
Suppliers   106,241 98,142
Grants   1,196 1,348
Income taxes paid   4,667 5,277
Section 74 receipts transferred to Official Public Account   31,622 43,476
Total cash used   356,284 360,135
Net cash from operating activities   26,557 22,070
INVESTING ACTIVITIES      
Cash used      
Purchase of land and buildings   15,291 12,103
Purchase of property, plant and equipment   4,187 9,072
Purchase of intangibles – computer software   6,909 10,629
Total cash used   26,387 31,804
Net cash used by investing activities   (26,387) (31,804)
       
FINANCING ACTIVITIES      
Cash received      
Contributed equity   20,682 20,504
Total cash received   20,682 20,504
       
Cash used      
Dividends paid   9,040 -
Total cash used   9,040 -
Net cash from financing activities   11,642 20,504
       
Net increase/(decrease) in cash held   11,812 10,770
Cash and cash equivalents at the beginning of the reporting period   43,923 33,153
Cash and cash equivalents at the end of the reporting period 6.1A 55,735 43,923

The above statement should be read in conjunction with the accompanying notes. Budget variance commentary is disclosed in Note 1.1.

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ATTORNEY-GENERAL'S DEPARTMENT
ADMINISTERED SCHEDULE OF COMPREHENSIVE INCOME
for the period ended 30 June 2018
Notes
2018
$'000
2017
$'000
NET COST OF SERVICES      
EXPENSES
Employee benefits 2.1B 16,574 46,489
Suppliers 5.1A 76,744 101,690
Subsidy to Law Courts Limited 5.1B 3,246 3,446
Personal benefits - direct 5.1C 3,802 28,187
Grants 5.1D 294,887 437,141
Write-down and impairment of assets and other expenses 5.1E 14,125 (13)
Payments to corporate Commonwealth entities 5.1F 14,391 -
Depreciation and amortisation 7.2A 2,397 5,195
Total expenses 426,166 622,135
 
INCOME
Revenue
Non-taxation revenue
Rendering of services 5.2A 11,825 32,478
Interest from loans to state and territory governments 5.2B 2,327 2,674
Competitive neutrality - Australian Government Solicitor 5.2C 3,657 2,857
Recoveries - personal benefit recoveries 5.2D 222 565
Other non-taxation revenue 5.2E 8,170 10,393
Total non-taxation revenue 26,201 48,967
Net cost of services 399,965 573,168
Deficit on continuing operations (399,965) (573,168)
 
OTHER COMPREHENSIVE INCOME
Items not subject to subsequent reclassification to net cost of services
Changes in asset revaluation surplus 49,980 5,945
Actuarial (losses) on defined benefit plans - former Solicitor-Generals' pensions 2.3 (501) (81)
Total other comprehensive income 49,479 5,864
Total comprehensive loss attributable to the Australian Government (350,486) (567,304)

The above schedule should be read in conjunction with the accompanying notes. Budget variance commentary is disclosed in Note 1.1.


ATTORNEY-GENERAL'S DEPARTMENT
ADMINISTERED SCHEDULE OF ASSETS AND LIABILITIES
as at 30 June 2018
Notes 2018
$'000
2017
$'000
ASSETS      
Financial assets
Cash and cash equivalents 7.1A 8,705 4
Loans and receivables 7.1B 868 135,417
Investments 7.1C 401,216 351,236
Total financial assets 410,789 486,657
 
Non-financial assets
Land and buildings 7.2A 1,291 880
Property, plant and equipment 7.2A 70 3,030
Intangibles 7.2A - 835
Other non-financial assets 7.2C - 642
Total non-financial assets 1,361 5,387
Total assets administered on behalf of Government 412,150 492,044
 
LIABILITIES
Payables
Suppliers 7.3A 4,417 13,769
Grants 7.3B 3,185 9,639
Other payables 7.3C 95 328
Total payables 7,697 23,736
 
Provisions
Employee provisions 2.2B - 2,619
Superannuation provision - former Solicitor-Generals' pensions 2.3 5,912 5,671
Other provisions 7.4 - 1,323
Total provisions 5,912 9,613
Total liabilities administered on behalf of Government 13,609 33,349
Net assets 398,541 458,695

The above schedule should be read in conjunction with the accompanying notes. Budget variance commentary is disclosed in Note 1.1.

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ATTORNEY-GENERAL'S DEPARTMENT
ADMINISTERED RECONCILIATION SCHEDULE

for the period ended 30 June 2018
 
2018
$'000
2017
$'000
     
Opening assets less liabilities as at 1 July 458,695 433,112
Adjustment for recognition of cash held in special account1 16,386 -
Adjusted opening assets less liabilities as at 1 July 475,081 433,112
     
Net cost of services    
Income 26,201 48,967
Expenses    
Payments to entities other than corporate Commonwealth entities (411,772) (622,135)
Payments to corporate Commonwealth entities (14,391) -
Other comprehensive income    
Revaluations transferred to reserves 49,980 5,945
Actuarial (losses) - former Solicitor-Generals' pensions taken to equity (501) (81)
     
Transfers (to)/from the Australian Government    
Appropriation transfers from the Official Public Account (OPA)    
Administered assets and liabilities appropriations 3,044 19,311
Annual appropriations    
Payments to entities other than corporate Commonwealth entities 457,004 606,811
Payments to corporate Commonwealth entities 14,439 -
Special appropriations (unlimited)    
Payments to entities other than corporate Commonwealth entities 4,458 26,872
Appropriation transfers to OPA    
Transfers to OPA (102,274) (60,107)
Restructuring (refer to Note 9.1B) (102,728) -
Closing assets less liabilities as at 30 June 398,541 458,695

1 Under the Public Governance, Performance and Accountability (Financial Reporting ) Rule 2015 Division 6 (of Part 6) – Special Accounts section 48(7) changes have been made that result in the requirement to disclose administered special accounts held in the OPA as cash equivalents in the department's administered financial statements.

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 administered cash flow statement and in the administered reconciliation schedule.


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ATTORNEY-GENERAL'S DEPARTMENT ADMINISTERED CASH FLOW STATEMENT
for the period ended 30 June 2018
  Notes 2018
$'000
2017
$'000
       
OPERATING ACTIVITIES      
Cash received  
Rendering of services   20,904 2,651
Interest from loans to state and territory governments   799 1,245
GST received   44,815 21,989
Competitive neutrality - Australian Government Solicitor   3,657 2,857
Recoveries - personal benefit recoveries   222 565
Other non-taxation revenue:  
Recovery of unspent grant funding   390 411
Torres Strait Regional Authority receipts   800 800
Proceeds of Crime Act 2002 receipts   862 6,120
Other revenue   4,652 3,062
Total cash received   77,101 39,700
       
Cash used  
Grants   331,146 433,173
Subsidy to Law Courts Limited   3,246 3,446
Personal benefits - direct   4,062 28,467
Suppliers   86,324 118,690
Employees   19,426 45,872
Payments to corporate Commonwealth entities   14,391 >-
Total cash used   458,595 629,648
Net cash flows used by operating activities   (381,494) (589,948)
       
INVESTING ACTIVITIES      
Cash received      
Repayments of advances and loans from state governments   - 16,360
Total cash received   - 16,360
   
Cash used  
Purchase of land and buildings   1,291 16
Purchase of property, plant and equipment   125 746
Advances and loans made to state governments   1,446 18,534
Total cash used   2,862 19,296
Net cash flows used by investing activities   (2,862) (2,936)

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ATTORNEY-GENERAL'S DEPARTMENT
ADMINISTERED CASH FLOW STATEMENT

for the period ended 30 June 2018
  Notes 2018
$'000
2017
$'000
       
FINANCING ACTIVITIES      
Cash received  
Contributed equity - transfer from Official Public Account   3,044 19,311
Net cash flows from financing activities   3,044 19,311
Net decrease in cash held   (381,312) (573,573)
       
Cash and cash equivalents at the beginning of the reporting period   16,390 1
Cash from Official Public Account  
Appropriations   457,004 606,811
Special Appropriations   4,458 26,872
Payments to corporate Commonwealth entities   14,439 -
Total cash from official public account   475,901 633,683
       
Cash to Official Public Account for      
Appropriations (101,086) (52,974)
Special Appropriations   (1,188) (7,133)
Total cash to official public account   (102,274) (60,107)
       
Cash and cash equivalents at the end of the reporting period 7.1A 8,705 4

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

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