National Capital Authority

Section 3: Budgeted financial statements

Section 3 presents budgeted financial statements which provide a comprehensive snapshot of the NCA's finances for the 2017–18 Budget year, including the impact of Budget measures and resourcing on financial statements.

3.1 Budgeted financial statements

3.1.1 Explanatory notes and analysis of budgeted financial statements

Departmental comprehensive income statement

 The NCA is budgeting for an operating loss of ($0.6m) in 2016-17, ($1.1m) in 2017-18, and ($0.015m) in 2018-19, adjusted for depreciation and amortisation expense. This arises from an accounting treatment in 2015-16 audited accounts relating to settlement funds of $1.2m, and an asset reclassification (write-down) in 2016-17 from Departmental to Administered program.

The NCA is budgeting for a break-even operating result in 2019-20 and forward years.

Revenue from Government in 2017–18 remains relatively consistent compared to 2016–17.

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

Budgeted departmental balance sheet

The increase in the NCA's departmental budgeted net asset position in 2017–18 and forward years is due to additional capital funding received through the Public Service Modernisation Agency Sustainability Fund for business and ICT transformation and improvements to NCA managed buildings.

Schedule of budgeted income and expenses administered on behalf of Government

In 2017–18, the NCA will receive appropriation of $2.9m 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 program.

Revenue from administered activities primarily includes pay parking revenue, lease revenue on diplomatic land and user charges which are returned in full to the Budget.

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

In 2017–18, the NCA will receive appropriation of $13.6m 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.

The reduction in NCA's administered net asset position in 2017–18 and forward years is largely due to higher accumulated depreciation expenses on capital assets compared to capital funding received to replace and upgrade existing assets.

3.2 Budgeted financial statements tables

Table 3.1: Comprehensive income statement (showing net cost of services) (for the period ended 30 June)

Table 3.2: Budgeted departmental balance sheet (as at 30 June)

Table 3.3: Departmental statement of changes in equity—summary of movement (Budget year 2017–18)

Table 3.4: Budgeted departmental statement of cash flows (for the period ended 30 June)

Table 3.5: Departmental capital budget statement (for the period ended 30 June)

Table 3.6: Statement of asset movements (Budget year 2017–18)

Table 3.7: Schedule of budgeted income and expenses administered on behalf of Government (for the period ended 30 June)

Table 3.8: Schedule of budgeted assets and liabilities administered on behalf of Government (as at 30 June)

Table 3.9: Schedule of budgeted administered cash flows (for the period ended 30 June)

Table 3.10: Administered capital budget statement (for the period ended 30 June)

Table 3.11: Schedule of administered asset movements (Budget year 2017–18)

Prev. Index Next

Budget 2017–18