Australian Transport Safety Bureau

Section 3: Explanatory tables and budgeted financial statements

3.1: Explanatory tables

Estimates of special account flows and balances

The ATSB does not maintain special accounts.

3.2: Budgeted financial statements

3.2.1: Analysis of budgeted financial statements

The ATSB has projected an operating loss for 2016–17, due to timing difference between revenues and expenses recognised in relation to its investigation into the disappearance of Malaysia Airlines Flight 370 (MH370). In the forward years, a breakeven position is expected once the impact of depreciation and amortisation expenses is factored out.

Revenue

Net appropriation revenue of $22.2 million will be provided to the ATSB in 2016–17. The increase in the appropriation revenue of $3.0 million is mainly due to additional funding provided for the search of Malaysia Airlines Flight MH370.

The comprehensive income statement also includes estimates of the ATSB’s own source revenue of $3.7m which includes:

  • estimates of cost recoveries from Western Australia, South Australia and Tasmania for safety investigations we undertake on their intrastate rail networks ($0.5m);
  • revenue from the Department of Foreign Affairs and Trade for the ATSB’s participation in Australian Government transport safety initiatives including capability building activities as part of the Indonesia Transport Safety Assistance Package ($0.2m) and cooperation with Papua New Guinea ($0.4m);
  • estimates of cost recoveries for training that the ATSB provides to industry; and
  • estimates of the value of the services the ATSB will receive free of charge from the Victorian Chief Investigator, Transport Safety, the NSW Office of Transport Safety Investigations and the Australian National Audit Office ($2.6m).
Expenses
  • Budgeted operating expenditure in 2016–17 is $47.2m, comprised of employee expenses (31%), supplier expenses (67%) and depreciation (2%).
  • Depreciation and amortisation expenses are expected to decline over the forward estimates period, as the Departmental Capital Budget has decreased over time, reducing the amount of capital purchased and therefore the associated depreciation and amortisation expense will decrease.

Budgeted departmental balance sheet

Financial Assets

The ATSB’s largest financial asset is $24.1m in prior year appropriations.

Non-Financial Assets

These comprise of plant, equipment and intangible software assets utilised by the ATSB, the largest component of which is the entity’s investment in its Safety Investigation Information Management System. This is shown in the line Intangibles.

Provisions and Payables

The ATSB’s primary liability is accrued employee leave entitlements, shown in the line Employee provisions.

3.2.2: Budgeted financial statements tables

Table 3.2: Comprehensive income statement (showing net cost of services) (for the period ended 30 June)

Table 3.3: Budgeted departmental balance sheet (as at 30 June)

Table 3.4: Departmental statement of changes in equity—summary of movement (Budget year 2016–17)

Table 3.5: Budgeted departmental statement of cash flows (for the period ended 30 June)

Table 3.6: Departmental capital budget statement (for the period ended 30 June)

 Table 3.7: Statement of asset movements (Budget year 2016–17)

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