Department of Infrastructure, Regional Development and Cities

Section 3: Explanatory tables and budgeted financial statements

3.1: Explanatory tables

Estimates of special account flows

Special accounts provide a means to set aside and record amounts used for specified purposes. Table 3.1 shows the expected additions (receipts) and reductions (payments) for each account used by the Department. The corresponding table in the 2017–18 Budget is presented in the Agency Resourcing Budget Paper No. 4 2017–18.

Table 3.1: Estimates of Special Account flows and balances

3.2: Budgeted financial statements

3.2.1: Analysis of budgeted financial statements

An analysis of the Department's financial position, as reflected in the budgeted departmental financial statements and administered schedules for 2017–18, is provided below.

Departmental
Budgeted departmental income statement

Total expenses are estimated to be $274.0m in 2017–18, a decrease of $16.6m from Budget. The decrease is due to the transfer of funding ($16.6m) to the Department of Home Affairs for functions relating to the Office of Transport Security.

Chart 3.1: Total departmental expenses

Chart 3.1: Total departmental expenses

Budgeted departmental balance sheet

The Department's major assets are buildings ($23.3m), intangibles ($13.0m) and property, plant and equipment ($10.1m). The Department's primary liability continues to be accrued employee leave entitlements, estimated at $49.0m.

Administered
Schedule of budgeted income and expenses administered on behalf of government

The Department administers the collection of taxes, fees and fines, other non-taxation revenue and interest and dividends estimated at $585.2m in 2017–18, representing an increase of $128.9m from Budget. The increase is due to new revenue for the Western Sydney Airport of $146.1m offset by a decrease in estimated dividends from the Australian Rail Track Corporation ($22.5m).

Administered expenses are budgeted at $4,010.0m in 2017–18, representing an increase of $117.8m from Budget and will be incurred for the administered items set out at Section 2. The increase is the result of measures announced since Budget ($20.1m), combined with the movement of administered funds ($32.0m) and other Government decisions approved since Budget ($66.1m).

Chart 3.2: Total administered expenses

Chart 3.2: Total administered expenses

Schedule of budgeted assets and liabilities administered on behalf of government

Total financial assets are expected to increase in 2017–18 by $1,314.0m to $7,736.5m from the 2016–17 actual result. The increase relates mainly to the Westconnex concessional loan ($640.7m) combined with an increase in Administered investments for the Western Sydney Airport Company ($324.7m); the Australian Rail Track Corporation ($276.1m); and the Moorebank Intermodal Company ($95.0m).

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 2017–18)

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 2017–18)

Table 3.8: Schedule of budgeted income and expenses administered on behalf of Government (for the period ended 30 June)

Table 3.9: Schedule of budgeted assets and liabilities administered on behalf of Government (as at 30 June)

Table 3.10: Schedule of budgeted administered cash flows (for the period ended 30 June)

Table 3.11: Schedule of administered capital budget (for the period ended 30 June)

Table 3.12: Schedule of asset movements (Budget year 2017–18)

Appendix 3.1: Administered own-source revenue

Appendix 3.2: Administered loan repayments

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