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 2018–19 Budget is presented in the Agency Resourcing Budget Paper No. 4 2018–19.

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 2018–19, is provided below.

Departmental

Budgeted departmental income statement

Total expenses are estimated to be $224.3m in 2018–19, an increase of $6.5m since the 2018–19 Budget, due to the impact of measures announced in the 2018–19 Mid–Year Economic and Fiscal Outlook (MYEFO).

Chart 3.1: Total departmental expenses

 Chart 3.1: Total departmental expenses (Click image to view larger)

Budgeted departmental balance sheet

The department's major assets are trade and other receivables ($132.1m), buildings ($17.9m), intangibles ($15.4m) and property, plant and equipment ($10.9m).  The department's primary liability continues to be accrued employee leave entitlements, estimated at $40.2m.

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 $507.6m in 2018–19, representing an increase of $10.6m from Budget.  The increase is primarily due to increases in estimated dividends from the Australian Rail Track Corporation ($14.7m); and increases in estimated revenues for the Indian Ocean Territories ($3.5m) and the Melbourne Airport Runway Special Account ($1.5m).  These increases have been offset by expected decreases in revenues resulting from changes to estimates dividends for AirServices Australia ($9.2m) and interest receipts for the University of the Sunshine Coast, Moreton Bay Precinct Project concessional loan ($2.6m).

Administered expenses are budgeted at $3,961.4m in 2018–19, representing an increase of $90.3m from Budget and will be incurred for the administered items set out at Section 2. The increase is the result of measures announced in the 2018–19 Mid-Year Economic and Fiscal Outlook (MYEFO) ($55.5m), combined with movements of administered funds ($79.9m), and other Government decisions approved since Budget ($44.6m). These have been offset by an accounting policy change in the timing of the recognition of concessional loan expenses resulting in a decrease in administered expenses of $89.7m.

Chart 3.2: Total administered expenses

 Chart 3.2: Total administered expe
(Click image to view larger)

Schedule of budgeted assets and liabilities administered on behalf of government

Total financial assets are expected to increase in 2018–19 by $1,963.5m to $9,536.5m from the 2017–18 actual result.  The increase relates mainly to movements for various concessional loans ($981.6m); combined with increases in Administered investments for the Australian Rail Track Corporation ($409.4m); the Western Sydney Airport Company ($367.5m); and the Moorebank Intermodal Company ($147.5m).

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 2018–19)

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 2018–19)

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 administered asset movements (Budget year 2018–19)

Appendix 3.1: Administered own-source revenue

Appendix 3.2: Administered loan repayments

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