National Capital Authority

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 the NCA does not have any movement of administered funds between years to report.

3.1.2: Special Accounts

This table is not provided as the NCA does not maintain Special Accounts.

3.1.3: Australian Government Indigenous Expenditure

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

Section 3.2: Budgeted Financial Statements

3.2.1: Differences in entity resourcing and financial statements

The entity resource statement (Table 1.1) provides a consolidated view of all the resources available to the entity in 2015–16. This includes operating appropriation, equity injections and appropriation receivable that is yet to be drawn down to cover payables and provisions on the balance sheet. For departmental items, operating appropriation is shown as Revenue from Government in the Comprehensive Income Statement (Table 3.2.1), while equity injections are shown as a capital budget in the Statement of Changes in Equity (Table 3.2.3).

3.2.2: Analysis of budgeted financial statements

Departmental comprehensive income statement

The NCA is budgeting for a break-even operating result, adjusted for depreciation and amortisation expense, in 2015–16 and the forward years.

Revenue from Government in 2015–16 remains relatively consistent from 2014–15 reflecting decisions of the Government.

Revenue from other sources principally reflects the recovery of costs for the provision of services and rental income.

Budgeted departmental balance sheet

The reduction in NCA's departmental budgeted net asset position in 2015–16 and forward years is largely due to higher depreciation expenses on capital assets than the funding received for asset replacement.

Schedule of budgeted income and expenses administered on behalf of Government

In 2015–16 the NCA will receive appropriation of:

  • $13.8 million for activities it administers on behalf of the Government. This appropriation is directly linked to the administered capital budget and will be used to replace and upgrade existing administered assets; and
  • $2.9 million for supplier expenses including the insurance premium for risks associated with assets on National Land and operating expenses associated with the administration of the pay parking programme.

In 2015–16, revenue from administered activities primarily includes pay parking revenue, lease revenue on diplomatic land and user charges returned to the Budget

Schedule of budgeted assets and liabilities administered on behalf of the Government

The reduction in NCA's administered net asset position in 2015–16 and forward years is largely due to higher depreciation expenses than the funding received to replace and upgrade existing assets.

3.2.3: 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)

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

Table 3.2.7: Schedule of budgeted income and expenses administered on behalf of Government (for the period ended 30 June)

Table 3.2.8: Schedule of budgeted assets and liabilities administered on behalf of Government (as at 30 June)

Table 3.2.9: Schedule of budgeted administered cash flows (for the period ended 30 June)

Table 3.2.10: Administered capital budget statement (for the period ended 30 June)

Table 3.2.11: Schedule of administered asset movements (Budget year 2015–16)

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Budget 2015–16