Infrastructure Australia

Section 3: Explanatory tables and budgeted financial statements

Section 3 presents explanatory tables and budgeted financial statements which provide a comprehensive snapshot of entity finances for the 2015–16 budget year. It explains how budget plans are incorporated into the financial statements and provides further details of the reconciliation between appropriations and programme expenses, movements in administered funds, special accounts and government Indigenous expenditure.

3.1: Explanatory tables

3.1.1: Movement of administered funds between years

This table is not provided as IA does not receive administered funds.

3.1.2: Special Accounts

This table is not provided as IA does not maintain Special Accounts.

3.1.3: Australian Government Indigenous Expenditure

This table is not provided as IA does not have any Indigenous specific expenses.

3.2: Budgeted financial statements

3.2.1: Differences in entity resourcing and financial statements

IA does not have any significant differences between the resource information presented in the Budget Papers and Portfolio Budget Statements as a result of differences between Australian Accounting Standards (AAS) and Government Finance Statistics (GFS).

3.2.2: Analysis of budgeted financial statements

Following amendment of the Infrastructure Australia Act 2008, Infrastructure Australia (IA) was established in a new capacity on 1 September 2014.

Infrastructure Australia's expected expense budget is $11.8m in 2015–16, $11.6m in 2016–17 and is expected to reduce to $8.8m in 2017–18.

In 2015–16 Infrastructure Australia will continue to develop its corporate capability to support its independent structure. This will include the growth of the internal capability of the organisation through a modest increase in staffing.

An expense budget of $11.8 million is expected in 2015–16, reflecting the work programmes for IA in 2015–16, including the development of the Australian Infrastructure Plan and providing advice on infrastructure matters.

3.2.2: Budgeted financial statements tables

Table 3.2.1: Comprehensive income statement (showing net cost of services) (for the period ended 30 June)

Table 3.2.2: Budgeted departmental balance sheet (as at 30 June)

Table 3.2.3: Departmental statement of changes in equity—summary of movement (Budget year 2015–16)

Table 3.2.4: Budgeted departmental statement of cash flows (for the period ended 30 June)

Table 3.2.5: Departmental capital budget statement (for the period ended 30 June)

This table is not provided as IA has nothing to report in the Departmental capital budget statement.

Table 3.2.6: Statement of asset movements (Budget year 2015–16)

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Budget 2015–16