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Financial Statements
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DPS Annual Report 2007-08
Financial statements
166
DEPARTMENT OF PARLIAMENTARY SERVICESINCOME STATEMENT for the period ended 30 June 2008
2008 2007Notes $’000 $’000
RevenueRevenue from Government 3A 116,249 114,860Sale of goods and rendering of services 3B 5,612 5,150Rental income 3C 1,210 1,160Other revenue 3D 8 138Total revenue 123,079 121,308
GainsSale of assets 3E - 33Reversals of previous asset write-downs 3F - 135Other gains 3G 180 165Total gains 180 333
Total Income 123,259 121,641
EXPENSESEmployee benefits 4A 64,960 62,288Suppliers 4B 41,009 40,756Depreciation and amortisation 4C 12,324 14,981Finance costs 4D - 1Write-down and impairment of assets 4E 76 110Losses from asset sales 4F 143 -Total Expenses 118,512 118,136
Surplus attributable to the Australian Government 4,747 3,505
The above statement should be read in conjunction with the accompanying notes.
INCOME
DPS Annual Report 2007-08
Financial statements
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DEPARTMENT OF PARLIAMENTARY SERVICESBALANCE SHEETas at 30 June 2008
2008 2007Notes $’000 $’000
ASSETSFinancial AssetsCash and cash equivalents 5A 1,007 1,457Trade and other receivables 5B 66,406 57,564Total financial assets 67,413 59,021Non-Financial AssetsInfrastructure, plant and equipment 6A,B 44,960 40,512Intangibles 6C 10,969 8,485Inventories 6D 236 233Other non-financial assets 6E 863 1,247Total non-financial assets 57,028 50,477
Total Assets 124,441 109,498
LIABILITIESPayablesSuppliers 7A 2,760 2,437Other payables 7B 3 55Total payables 2,763 2,492ProvisionsEmployee provisions 8 18,529 16,603Total provisions 18,529 16,603
Total Liabilities 21,292 19,095
Net Assets 103,149 90,403
EQUITYParent Entity InterestContributed equity 85,380 85,507Reserves 9,503 1,378Retained surplus (accumulated deficit) 8,266 3,518Total Equity 103,149 90,403
Current Assets 68,512 60,501Non-Current Assets 55,929 48,997Current Liabilities 19,589 17,222Non-Current Liabilities 1,703 1,873
The above statement should be read in conjunction with the accompanying notes.
DPS Annual Report 2007-08
Financial statements
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DPS Annual Report 2007-08
Financial statements
169
DEPARTMENT OF PARLIAMENTARY SERVICESCASH FLOW STATEMENTfor the period ended 30 June 2008
2008 2007Notes $’000 $’000
OPERATING ACTIVITIESCash receivedGoods and services 6,919 7,146Appropriations 107,102 103,993Net GST received 4,746 4,385Other 864 741Total cash received 119,631 116,265Cash usedEmployees 64,752 63,790Suppliers 44,178 45,722Other - 1Total cash used 108,930 109,513Net cash from or (used by) operating activities 9 10,701 6,752
INVESTING ACTIVITIESCash receivedProceeds from sales of property, plant and equipment 66 90Total cash received 66 90Cash usedPurchase of property, plant and equipment 7,740 4,871Purchase of intangibles 3,477 1,640Total cash used 11,217 6,511Net cash from or (used by) investing activities (11,151) (6,421)
FINANCING ACTIVITIESCash receivedAppropriations - capital injections - 39Total cash received - 39Cash usedAppropriations - return of capital - -Total cash used - -Net cash from or (used by) financing activities - 39
Net increase or (decrease) in cash held (450) 370
Cash at the beginning of the reporting period 1,457 1,087Cash at the end of the reporting period 5A 1,007 1,457
The above statement should be read in conjunction with the accompanying notes.
DPS Annual Report 2007-08
Financial statements
170
DEPARTMENT OF PARLIAMENTARY SERVICESSCHEDULE OF COMMITMENTS as at 30 June 2008
2008 2007BY TYPE $’000 $’000Commitments receivableSublease rental income (144) (260)GST recoverable on commitments (5,920) (2,455)Total Commitments Receivable (6,064) (2,715)Capital commitmentsInfrastructure, plant and equipment1 251 366Intangibles 198 234Total capital commitments 449 600
Other commitmentsOperating leases2 245 366Other commitments3 64,426 26,038Total other commitments 64,671 26,404Net commitments by type 59,056 24,289
BY MATURITYCommitments receivableOperating lease incomeOne year or less (108) (116)From one to five years (36) (144)Over five years - -Total operating lease income (144) (260)Other commitments receivableOne year or less (2,274) (1,173)From one to five years (3,646) (1,282)Over five years - -Total other commitments receivable (5,920) (2,455)
Commitments payable
Capital commitmentsOne year or less 449 600From one to five years - -Over five years - -Total capital commitments 449 600Operating lease commitmentsOne year or less 141 333From one to five years 104 33Over five years - -Total operating lease commitments 245 366Other CommitmentsOne year or less 24,423 11,972From one to five years 40,003 14,066Over five years - -Total other commitments 64,426 26,038Net commitments by maturity 59,056 24,289
1
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Nature of lease General description of leasing arrangementMotor vehicles
3
The above schedule should be read in conjunction with the accompanying notes.
Other commitments are comprised of long term contracts in force as at 30 June 2008, where total consideration is greater than $100,000, and outstanding purchase orders at 30 June 2008, where the goods and services were ordered but not received by 30 June 2008.
NB: Commitments are GST inclusive where relevant.Infrastructure, plant and equipment commitments are primarily for purchase of equipment and services for IT system assets and furniture and fittings.
Operating leases included are effectively non-cancellable and comprise agreements for the provision of motor vehicles.
No contingent rentals exist. There are no renewal or purchase options available to DPS.
DPS Annual Report 2007-08
Financial statements
171
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DPS Annual Report 2007-08
Financial statements
172
DEPARTMENT OF PARLIAMENTARY SERVICESSCHEDULE OF ADMINISTERED ITEMS
2008 2007Notes $’000 $’000
Income administered on behalf of governmentfor the period ended 30 June 2008
RevenueOther 15 1,180 11Total revenue administered on behalf of government 1,180 11
Expenses administered on behalf of governmentDepreciation and amortisation 16 18,328 49,262Write-down and impairment of assets 7 34Value of assets sold 6 -Total expenses administered on behalf of government 18,341 49,296
Assets administered on behalf of governmentas at 30 June 2008
Financial assetsReceivables 17A 43 77Total financial assets 43 77
Non-financial assetsLand and buildings 17B 1,635,978 1,648,158Infrastructure, plant and equipment 17B 5,984 5,334Heritage and cultural assets 17B 72,175 58,909Total non-financial assets 1,714,137 1,712,401
Total assets administered on behalf of government 1,714,180 1,712,478
Liabilities administered on behalf of governmentas at 30 June 2008
PayablesSuppliers 18 174 3Total liabilities administered on behalf of government 174 3
The above schedule should be read in conjunction with the accompanying notes.
DPS Annual Report 2007-08
Financial statements
173
DEPARTMENT OF PARLIAMENTARY SERVICESSCHEDULE OF ADMINISTERED ITEMS (continued)
2008 2007$’000 $’000
Administered cash flowsfor the period ended 30 June 2008
OPERATING ACTIVITIESCash receivedNet GST received from the ATO 628 433GST received from customers 1 -Other revenue 7 8Other receipts - 3Total cash received 636 444Cash usedGST paid to suppliers (578) (432)Cash returned to Appropriation for:- GST returned (628) (354)- Other (1) (3)Cash to Official Public Account for:- GST returned - (79)- Other (9) (8)Total cash used (1,216) (876)Net cash from or (used by) operating activities (580) (432)
INVESTING ACTIVITIESCash receivedProceeds from sales of property, plant and equipment 1 -Total cash received 1 -Cash usedPurchase of property, plant and equipment (5,894) (4,319)Total cash used (5,894) (4,319)Net cash from or (used by) investing activities (5,893) (4,319)
FINANCING ACTIVITIESCash receivedAssets and Liability Appropriation 6,473 4,751Cash from Official Public Account for:- Appropriations - -- GST Annotations Appropriation under S 30A - -Total cash received 6,473 4,751Cash usedPurchase of property, plant and equipment - -Total cash used - -Net cash from or (used by) financing activities 6,473 4,751
Net increase or (decrease) in cash held - -
Cash at the beginning of the reporting period - -Cash at the end of the reporting period - -
The above schedule should be read in conjunction with the accompanying notes.
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Financial statements
174
DEPARTMENT OF PARLIAMENTARY SERVICESSCHEDULE OF ADMINISTERED ITEMS (continued)
2008 2007$’000 $’000
Administered commitmentsas at 30 June 2008
BY TYPECommitments receivableOther commitments receivableGST recoverable on commitments (95) (305)Total commitments receivable (95) (305)
Commitments payableCapital commitmentsInfrastructure, plant and equipment 1,042 3,359Total capital commitments 1,042 3,359
Net commitments by type 947 3,054
BY MATURITYCommitments receivableOther commitments receivableOne year or less (95) (305)From one to five years - -Over five years - -Total other commitments receivable (95) (305)
Commitments payable
Capital commitmentsOne year or less 1,042 3,359From one to five years - -Over five years - -Total capital commitments 1,042 3,359
Net commitments by maturity 947 3,054
NB: Commitments are GST inclusive where relevant.
Administered contingenciesas at 30 June 2008
Statement of activities administered on behalf of the Australian Government
The above schedule should be read in conjunction with the accompanying notes.
The major administered activities of the Department of Parliamentary Services are directed towards achieving the outcome described in Note 1 to the Financial Statements. Details of planned activities can be found in the Agency Portfolio Budget Statements for 2007-08.
There were no contingencies or remote or unquantifiable contingencies at balance date.
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