chapter 4— financial statements · chapter 4— financial statements. 256 annual report 2012–13...

Chapter 4—Financial statements

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CHAustralian Agency for International Development STATEMENT OF COMPREHENSIVE INCOME For the year ended 30 June 2013

The above statement should be read in conjunction with the accompanying notes.

2013 2012

Notes $'000 $'000

EXPENSES

Employee benefits 3A 195,960 171,555

Supplier expenses 3B 113,531 103,494

Depreciation and amortisation 3C 15,088 11,900

Finance costs 3D 108 311

Write-down and impairment of assets 3E 1,323 136

Losses from asset sales 3F 22 18

Foreign exchange losses 3G 47 57

Total expenses 326,079 287,471

LESS:

OWN-SOURCE INCOME

Own-source revenue

Sale of goods and rendering of services 4A 231 54

Total own-source revenue 231 54

Gains

Other gains 4B 468 772

Total gains 468 772

Total own-source income 699 826

Net cost of services 325,380 286,645

Revenue from Government 4C 316,759 274,727

Deficit attributable to the Australian Government (8,621) (11,918)

Other comprehensive income

Items not subject to subsequent reclassification to profit or loss

Changes in asset revaluation surplus 1,096 –

Total other comprehensive income 1,096 –

Total comprehensive loss attributable to the Australian Government (7,525) (11,918)

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CHAustralian Agency for International Development BALANCE SHEET As at 30 June 2013


2013 2012

Notes $'000 $'000

ASSETS

Financial Assets

Cash and cash equivalents 5A 1,016 336

Trade and other receivables 5B 87,210 60,437

Total financial assets 88,226 60,773

Non-Financial Assets

Leasehold improvements 6A, 6C 35,518 28,399

Infrastructure, plant and equipment 6B, 6C 26,718 27,557

Intangibles 6D, 6E 6,793 6,199

Other non-financial assets 6F 11,138 8,856

Total non-financial assets 80,167 71,011

Total Assets 168,393 131,784

LIABILITIES

Payables

Suppliers 7A 19,749 12,698

Other payables 7B 11,727 4,075

Total payables 31,476 16,773

Provisions

Employee provisions 8A 52,563 46,603

Other provisions 8B 7,106 6,148

Total provisions 59,669 52,751

Total Liabilities 91,145 69,524

Net Assets 77,248 62,260

EQUITY

Contributed equity 86,441 63,928

Accumulated deficit (10,915) (2,294)

Asset revaluation surplus 1,722 626

Total Equity 77,248 62,260

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CHAustralian Agency for International Development CASH FLOW STATEMENT for the year ended 30 June 2013


2013 2012

Notes $'000 $'000

OPERATING ACTIVITIES

Cash received

Appropriations 308,380 285,254

Sale of goods and rendering of services 6,903 262

Net GST received 4,580 5,689

Total cash received 319,863 291,205

Cash used

Employees 187,001 158,658

Suppliers 113,105 113,751

Section 31 receipts transferred to the official public account 19,252 16,961

Total cash used 319,358 289,370

Net cash from operating activities 9 505 1,835

INVESTING ACTIVITIES

Cash received

Proceeds from sales of infrastructure, plant and equipment 57 48

Total cash received 57 48

Cash used

Purchase of infrastructure, plant and equipment 8,467 16,913

Purchase of leasehold improvements 11,748 11,057

Purchase of intangibles 2,180 3,575


Net cash used by investing activities (22,338) (31,497)

FINANCING ACTIVITIES

Cash received

Contributed equity 15,123 25,667

Departmental capital budget 7,390 3,748


Net cash from financing activities 22,513 29,415

Net increase/(decrease) in cash held 680 (247)

Cash and cash equivalents at the beginning of the reporting period 336 583

Cash and cash equivalents at the end of the reporting period 5A 1,016 336

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CHAustralian Agency for International Development SCHEDULE OF COMMITMENTS as at 30 June 2013

The above schedule should be read in conjunction with the accompanying notes.

2013 2012

$'000 $'000

BY TYPE

Commitments receivable

Net GST recoverable on commitments (10,033) (10,691)

Total commitments receivable (10,033) (10,691)

Commitments payable Operating leases¹ 100,304 103,563 Goods and services² 43,470 37,864

Total commitments payable 143,774 141,427

Net commitments by type 133,741 130,736

BY MATURITY


One year or less (4,433) (4,060)

From one to five years (2,899) (3,340)

Over five years (2,701) (3,291)


Commitments payable

Operating lease commitments

One year or less 24,765 15,550

From one to five years 45,380 51,809

Over five years 30,159 36,204

Total operating lease commitments 100,304 103,563

Goods and services commitments



Total goods and services commitments 43,470 37,864

Total commitments payable 143,774 141,427

Net commitments by maturity 133,741 130,736

Note: commitments are GST-inclusive where relevant. 1Operating leases are effectively non-cancellable and comprise:

Nature of lease General description of leasing arrangement

Domestic leases for office

accommodation

Lease payments are subject to increases in accordance with the terms and

conditions of the lease. In some cases AusAID holds an option to extend office

accommodation leases. Leases vary in duration from one to 10 years and lease

payments are subject to the terms and conditions of each lease.

Overseas leases for office and

residential accommodation

The terms and conditions of these leases vary depending on the location of the

property and the local market conditions. Leases vary in duration from one to

nine years. Payments may be subject to review under the terms and conditions of

the lease.

Leases for motor vehicles to

senior executive officers

AusAID leases motor vehicles to support its business activities. Payments are

made monthly and fixed at a constant rate for the duration of each lease. At the

expiration of each lease the motor vehicles are disposed of by the lessor. 2Commitments for goods and services include commitments relating to the provision of IT and general office

services.

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CHAustralian Agency for International Development ADMINISTERED SCHEDULE OF COMPREHENSIVE INCOME for the year ended 30 June 2013


2013 2012

Notes $'000 $'000

EXPENSES

International development assistance 15A 3,269,775 3,262,346

Grants 15B 535,048 543,181

Depreciation and amortisation 15C 2,391 1,643

Finance costs 15D 35,561 68,245

Write-down and impairment of assets 15E 64 871

Net foreign exchange losses 15F 5,659 5,461

Other expenses 15G 410,578 132,502

Total expenses administered on behalf of Government 4,259,076 4,014,249

LESS:

OWN-SOURCE INCOME

Own-source revenue

Non-taxation revenue

Interest 16A 7,445 6,287

Return of prior year administered expenditure 16B 37,746 39,756

Total non-taxation revenue 45,191 46,043

Total own-source revenue administered on behalf of

Government 45,191 46,043

Gains

Reversals of previous asset write-downs and impairment 16C 216,769 269,853

Other gains 16D 5,514 16,791

Total gains administered on behalf of Government 222,283 286,644

Total own-source income administered on behalf of Government 267,474 332,687

Net cost of services 3,991,602 3,681,562

Deficit (3,991,602) (3,681,562)

OTHER COMPREHENSIVE INCOME Items not subject to subsequent reclassification to profit or loss Changes in asset revaluation surplus 75 – Total other comprehensive income 75 – Total comprehensive loss (3,991,527) (3,681,562)

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CHAustralian Agency for International Development ADMINISTERED SCHEDULE OF ASSETS AND LIABILITIES as at 30 June 2013


2013 2012

Notes $'000 $'000

ASSETS

Financial Assets

Cash and cash equivalents 17A 24,571 39,282

Loans and receivables 17B 117,410 94,765

Investments 17C 1,493,609 1,270,513

Total financial assets 1,635,590 1,404,560

Non-financial Assets

Leasehold improvements 18A, C 2,625 2,961

Infrastructure, plant and equipment 18B, C 951 23

Intangibles 18D, E 6,110 6,455

Other non-financial assets 18F 2,381 696

Total non-financial assets 12,067 10,135

Total assets administered on behalf of Government 1,647,657 1,414,695

LIABILITIES

Payables

Grants 19A 492,252 477,815

Trade creditors and contributions 19B 1,143,571 969,368

Total payables 1,635,823 1,447,183

Provisions

Other provisions 20A 11,400 8,001

Total provisions 11,400 8,001

Total liabilities administered on behalf of Government 1,647,223 1,455,184

Net assets/(liabilities) 434 (40,489)

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CHAustralian Agency for International Development ADMINISTERED RECONCILIATION SCHEDULE for the period ended 30 June 2013


2013 2012

$'000 $'000

Opening administered assets less administered liabilities as at 1 July (40,489) (471,406)

Surplus/(deficit) items

Plus: Administered income 267,474 332,687

Less: Administered expenses (4,259,076) (4,014,249)

Administered transfers to/from Australian Government:

Other comprehensive income:

Administered revaluations taken to/from reserves 75 –

Appropriation transfers from official public account:

Annual appropriation for administered expenses 3,851,939 3,986,308

Administered capital budget (ACB) 2,042 1,856

Special accounts 59,746 58,751

Administered assets and liabilities appropriations 171,509 128,096

GST transferred from official public account 86,789 87,124

Transfers to official public account:

Appropriations (41,556) (39,775)

Special accounts (8,669) (20,752)

Return of GST appropriations (89,350) (89,129)

Closing administered assets less administered liabilities as at 30 June 434 (40,489)

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CHAustralian Agency for International Development ADMINISTERED SCHEDULE OF CASH FLOWS for the year ended 30 June 2013


2013 2012

Notes $'000 $'000

OPERATING ACTIVITIES

Cash received

Return of prior year administered expenditure 37,746 39,756

Net GST received 88,892 83,890

Other 23 1,185


Cash used

International development assistance 3,392,342 3,369,092

Grant payments 515,714 635,601

Total cash used 3,908,056 4,004,693

Net cash used by operating activities 21 (3,781,395) (3,879,862)

INVESTING ACTIVITIES

Cash used

Purchase of infrastructure, plant and equipment 12 –

Purchase of leasehold improvements 54 21

Purchase of intangibles 1,415 2,192

Purchase of concessional financial instruments 264,285 242,160


Net cash used by investing activities (265,766) (244,373)

Net decrease in cash held (4,047,161) (4,124,235)

Cash and cash equivalents at the beginning of the reporting period 39,282 51,038

Cash from official public account for:

Appropriation – outcomes 3,851,939 3,986,308

Appropriation – administered capital budget (ACB) 2,042 1,856

GST from official public account 86,789 87,124

Appropriation – administered assets and liabilities 171,509 128,096

Special accounts 59,746 58,751

4,172,025 4,262,135

Cash to official public account for: Appropriations (41,556) (39,775)

Special accounts (8,669) (20,752)

GST (89,350) (89,129)

(139,575) (149,656)

Cash and cash equivalents at the end of the reporting period 17A 24,571 39,282

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CHAustralian Agency for International Development ADMINISTERED SCHEDULE OF COMMITMENTS as at 30 June 2013


2013 2012

$'000 $'000

BY TYPE


Net GST recoverable on commitments (448,082) (291,344)


Commitments payable

Operating leases 14,739 8,152

Development cooperation program 4,765,250 3,119,607

Total commitments payable 4,779,989 3,127,759

Net commitments by type 4,331,907 2,836,415

BY MATURITY


GST recoverable on commitments

One year or less (235,546) (169,234)

From one to five years (212,484) (122,101)

Over five years (52) (9)


Commitments payable

Operating lease commitments



Total operating lease commitments 14,739 8,152

Development cooperation program commitments

One year or less 2,558,163 1,862,669

From one to five years 2,205,374 1,254,884

Over five years 1,713 2,054

Total development cooperation program commitments 4,765,250 3,119,607

Total commitments payable 4,779,989 3,127,759

Net commitments by maturity 4,331,907 2,836,415

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Index of Notes

Note 1: Summary of significant accounting policies 270

Note 2: Events after the reporting period 279

Note 3: Expenses 280

Note 4: Income 282

Note 5: Financial assets 283

Note 6: Non-financial assets 285

Note 7: Payables 289

Note 8: Provisions 290

Note 9: Cash flow reconciliation 291

Note 10: Contingent assets and liabilities 291

Note 11: Senior executive remuneration 292

Note 12: Remuneration of auditors 296

Note 13: Financial instruments 297

Note 14: Financial assets reconciliation 299

Note 15: Administered expenses 300

Note 16: Administered income 301

Note 17: Administered financial assets 302

Note 18: Administered non-financial assets 304

Note 19: Administered payables 307

Note 20: Administered provisions 308

Note 21: Administered cash flow reconciliation 309

Note 22: Administered financial instruments 310

Note 23: Administered financial assets reconciliation 316

Note 24: Administered contingent assets and liabilities 317

Note 25: Appropriations 318

Note 26: Compliance with statutory conditions for payment from the consolidated revenue fund 325

Note 27: Special accounts 326

Note 28: Compensation and debt relief 328

Note 29: Reporting of outcomes 329

Note 30: Net cash appropriation arrangements 330

Australian Agency for International Development NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

Index of Notes Note 1: Summary of Significant Accounting Policies

Note 2: Events After the Reporting Period

Note 3: Expenses

Note 4: Income

Note 5: Financial Assets

Note 6: Non-Financial Assets

Note 7: Payables

Note 8: Provisions

Note 9: Cash Flow Reconciliation

Note 10: Contingent Assets and Liabilities

Note 11: Senior Executive Remuneration

Note 12: Remuneration of Auditors

Note 13: Financial Instruments

Note 14: Financial Assets Reconciliation

Note 15: Administered Expenses

Note 16: Administered Income

Note 17: Administered Financial Assets

Note 18: Administered Non-Financial Assets

Note 19: Administered Payables

Note 20: Administered Provisions

Note 21: Administered Cash Flow Reconciliation

Note 22: Administered Financial Instruments

Note 23: Administered Financial Assets Reconciliation

Note 24: Administered Contingent Assets and Liabilities

Note 25: Appropriations

Note 26: Compliance with Statutory Conditions for Payment from the Consolidated Revenue Fund

Note 27: Special Accounts

Note 28: Compensation and Debt Relief

Note 29: Reporting of Outcomes

Note 30: Net Cash Appropriation Arrangements

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CHAustralian Agency for International Development NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

Note 1: Summary of significant accounting policies 1.1 Objectives of Australian Agency for International Development

The Australian Agency for International Development (AusAID) is an Australian Government controlled entity and is a

not-for-profit entity. The fundamental purpose of Australian aid is to help people overcome poverty. AusAID

administers the majority of Australia’s official development assistance for developing countries, including the

Australian–Indonesian Partnership for Reconstruction and Development.

The agency is structured to meet the following outcomes:

Outcome 1: To assist developing countries to reduce poverty and achieve sustainable development, in line with

Australia’s national interest. Outcome 2: Australia’s national interest advanced by implementing a partnership between Australia and Indonesia

for reconstruction and development.

AusAID activities contributing toward these outcomes are classified as either ‘departmental’ or ‘administered’. Departmental activities involve the use of assets, liabilities, revenues and expenses controlled or incurred by AusAID

in its own right. Administered activities involve management or oversight by AusAID, on behalf of the government, of

items controlled or incurred by the government.

Outcome 1 has seven administered programs which are:

Program 1.1 official development assistance – Papua New Guinea and Pacific Program 1.2 official development assistance – East Asia Program 1.3 official development assistance – Africa, South and Central Asia, Middle East and other Program 1.4 official development assistance – Emergency, Humanitarian and Refugee Program Program 1.5 official development assistance – Multilateral replenishments Program 1.6 official development assistance – United Nations, Commonwealth and other international

organisations Program 1.7 official development assistance – non-government organisations, volunteer and community

programs

One administered program is identified for Outcome 2 – Program 2.1 official development assistance – East Asia.

Outcome 1 has departmental support.

The continued existence of AusAID in its present form and with its present programs is dependent on government

policy and on continuing appropriations by Parliament for the agency’s administration and programs.

The Australian Government continues to have regard to developments in case law, including the High Court’s most recent decision on Commonwealth expenditure in Williams vs Commonwealth (2012) 288 ALR 410, as they contribute

to the larger body of law relevant to the development of Commonwealth programs. In accordance with its general

practice, the government will continue to monitor and assess risk and decide on any appropriate actions to respond to

risks of expenditure not being consistent with constitutional or other legal requirements.

1.2 Basis of preparation of the financial statements

The financial statements and notes are required by section 49 of the Financial Management and Accountability Act

1997 and are a general purpose financial statement.

The statements have been prepared in accordance with:

Finance Minister’s Orders for reporting periods ending on or after 1 July 2012, as amended

Australian accounting standards and interpretations issued by the Australian Accounting Standards Board

that apply for the reporting period.

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The financial statements have been prepared on an accrual basis and in accordance with the historical cost

convention, except for certain assets and liabilities at fair value. Except where stated, no allowance is made for the

effect of changing prices on the results or the financial position.

The financial statements are presented in Australian dollars and values are rounded to the nearest thousand dollars

unless otherwise specified.

Unless an alternative treatment is specifically required by an accounting standard or the Finance Ministers Orders,

assets and liabilities are recognised in the balance sheet when and only when it is probable that future economic

benefits will flow to the entity or a future sacrifice of economic benefits will be required and the amounts of the assets

or liabilities can be reliably measured. However, assets and liabilities arising under executor contracts are not

recognised unless required by an accounting standard. Liabilities and assets that are unrecognised are reported in

the schedule of commitments or the schedule of contingencies.

Unless an alternative treatment is specifically required by an accounting standard, income and expenses are

recognised in the statement of comprehensive income when and only when the flow, consumption or loss of

economic benefits has occurred and can be reliably measured.

1.3 Significant accounting judgements and estimates

No departmental accounting assumptions or estimates have been identified that have a significant risk of causing a

material adjustment to carrying amounts of assets and liabilities within the next accounting period.

Significant accounting adjustments and estimates for administered financial instruments are outlined in Note 1.20.

1.4 New Australian accounting standards

Adoption of new Australian accounting standard requirements

No accounting standard has been adopted earlier than the application date as stated in the respective standard.

No other new standards, revised standards, interpretations or amending standards that were issued before the

statements were signed by the Director General and Chief Financial Officer–and that are applicable to the current

reporting period–had a financial impact, or are expected to have a future financial impact on the agency.

Future Australian accounting standard requirements

New standards, reissued standards, amendments to standards or interpretations (‘the new requirements’) applicable

to future reporting periods have been issued by the Australian Accounting Standards Board during the year. The

following new and revised standards may have a financial impact or require increased disclosures for AusAID in

future reporting periods:

AASB 13 – Fair value measurement

AASB 1055 – Budgetary Reporting

AASB 9 – Financial Instruments

The financial impact of these new requirements, if any, on future reporting periods cannot be quantified at this stage.

No other new standards, revised standards, interpretations or amending standards that were issued before the

statements were signed by the Director General and Chief Financial Officer–and that are applicable to the current

reporting period–had a financial impact, or are expected to have a future financial impact on the agency.

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1.5 Revenue

Revenue from government

Amounts appropriated for departmental outputs appropriations for the year (adjusted for any formal additions and

reductions) are recognised as revenue from government when AusAID gains control of the appropriation, except for

certain amounts that relate to activities that are reciprocal in nature, in which case revenue is recognised only when it

has been earned.

Appropriations receivable are recognised at their nominal amounts.

Rendering of services

Revenue from rendering of services is recognised by reference to the stage of completion of contracts at the reporting

date. The revenue is recognised when the:

a) amount of revenue, stage of completion and transaction costs incurred can be reliably measured, and

b) probable economic benefits associated with the transaction will flow to the entity.

The stage of completion of contracts at the reporting date is determined by reference to the proportion that costs

incurred to date bear to the estimated total costs of the transaction.

Receivables for goods and services, which have 30 day terms, are recognised at the nominal amounts due less any

impairment allowance. Collectability of debts is reviewed at the end of the accounting period. Allowances are made

when collectability of the debt is no longer probable.

Interest revenue

Interest revenue is recognised using the effective interest method as set out in AASB 139 – Financial instruments–recognition and measurement.

1.6 Gains

Resources received free of charge

Resources received free of charge are recognised as gains when and only when a fair value can be reliably

determined and the services would have been purchased if they had not been donated. Use of those resources is

recognised as an expense.

Contributions of assets at no cost of acquisition or for nominal consideration are recognised as gains at their fair value

when the asset qualifies for recognition, unless received from another government agency as a consequence of a

restructuring of administrative arrangements (see Note 1.7).

Sale of assets

Gains from disposal of non-current assets are recognised when control of the asset has passed to the buyer.

1.7 Transactions with the government as owner

Equity injections

Amounts appropriated which are designated as ‘equity injections’ for a year (less any formal reductions) and department capital budget are recognised directly in contributed equity in that year.

Other distributions to owners

The Finance Ministers Orders require that distributions to owners be debited to contributed equity unless in the nature of a dividend.

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1.8 Employee benefits

Liabilities for ‘short-term employee benefits’ (as defined in AASB 119 – Employee Benefits) and termination

benefits due within 12 months of the end of reporting period are measured at their nominal amounts. The

nominal amount is calculated with regard to the rates expected to be paid on settlement of the liability.

Other long-term employee benefits are measured as the present value of the obligation at the end of the

reporting period.

Leave

The liability for employee benefits includes provision for annual leave and long service leave. No provision has

been made for sick leave as all sick leave is non-vesting and the average sick leave taken in future years by

employees of AusAID is estimated to be less than the annual entitlement for sick leave. In the case of locally

engaged staff overseas, where the entitlement is vested, a liability has been recognised.

The leave liabilities are calculated on the basis of employees’ remuneration at the estimated salary rates that will be applied at the time the leave is taken, including AusAID’s employer superannuation contribution rates, to

the extent that the leave is likely to be taken during service rather than paid out on termination.

The liability for long service leave has been determined by reference to a valuation undertaken by the

Australian Government Actuary at 30 June 2012. The appropriateness of the valuation is reviewed at each

reporting date. The estimate of the present value of the liability takes into account attrition rates and pay

increases through promotion and inflation.

Separation and redundancy

Provision is made for separation and redundancy benefit payments. AusAID recognises a provision for

separation and redundancy when it has developed a detailed formal plan and has informed those employees

who will be affected by that plan that it will carry out those terminations of employment.

In some countries, staff at overseas locations are entitled to separation benefits. The provision for the benefits

has been classified as ‘employee benefits’.

Superannuation

The majority of AusAID staff are members of the Commonwealth Superannuation Scheme (CSS), the Public

Sector Superannuation Scheme (PSS) or the PSS Accumulation Plan (PSSap).

The CSS and PSS are defined benefit schemes for the Commonwealth. The PSSap is a defined contribution

scheme.

The liability for defined benefits is recognised in the financial statements of the Australian Government and is

settled by the Australian Government in due course. This liability is reported in the Department of Finance and

Deregulation’s administered schedules and notes. AusAID contributes superannuation for overseas staff in

compliance with local labour laws.

AusAID makes employer contributions to the employee superannuation schemes at rates determined by an

actuary to be sufficient to meet the cost to the government of the superannuation entitlements of AusAID’s employees. AusAID accounts for the contributions as if they were contributions to defined contribution plans.

The liability for superannuation recognised at 30 June represents outstanding contributions that relate to the

final pay fortnight of the financial year.

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1.9 Leases

A distinction is made between finance leases and operating leases. Finance leases effectively transfer from the

lessor to the lessee substantially all the risks and rewards incidental to ownership of leased assets. An

operating lease is a lease that is not a finance lease. In operating leases, the lessor effectively retains

substantially all such risks and benefits.

AusAID does not have any finance leases.

Operating lease payments are expensed on a basis representative of the pattern of benefits derived from the

leased assets. Lease incentives are recognised as other payables and amortised over the period of the lease

on a straight line basis.

The net present value of future net outlays in respect of surplus space under non-cancellable lease

agreements is expensed in the period in which the space becomes surplus.

1.10 Cash

Cash is recognised at its nominal amount. Cash and cash equivalents includes:

a) cash on hand

b) demand deposits in bank accounts with an original maturity of three months or less that are

readily convertible to known amounts of cash and subject to insignificant changes in value

c) cash held by outsiders

d) cash in special accounts.

1.11 Financial assets

AusAID’s departmental financial assets are classified as ‘loans and receivables’. The classification depends on

the nature and purpose of the financial asset and is determined at the time of initial recognition. Financial

assets are recognised and derecognised upon trade date.

Loans and receivables

Trade receivables, loans and other receivables that have fixed or determinable payments that are not quoted in

an active market are classified as ‘loans and receivables’. Loans and receivables are measured at amortised cost using the effective interest method less impairment. Interest is recognised by applying the effective

interest rate.

Effective interest method

The effective interest method is a method of calculating the amortised cost of a financial asset and allocating

interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated

future cash receipts through the expected life of the financial asset or, where appropriate, a shorter period.

Income is recognised on an effective interest rate basis except for financial assets that are recognised at fair

value through profit or loss.

1.12 Financial liabilities

Departmental financial liabilities are classified as ‘other financial liabilities’. Financial liabilities are recognised

and derecognised upon trade date.

Other financial liabilities

Other financial liabilities, including borrowings, are initially measured at fair value, net of transaction costs.

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These liabilities are subsequently measured at amortised cost at each balance date using the effective interest

method, with interest expense recognised on an effective yield basis.

Supplier and other payables are recognised at amortised cost. Liabilities are recognised to the extent that the

goods or services have been received (and irrespective of having been invoiced).

1.13 Contingent liabilities and contingent assets

Contingent liabilities and contingent assets are not recognised in the balance sheet but are reported in the

relevant schedules and notes. They may arise from uncertainty as to the existence of a liability or asset, or

represent an existing liability or asset for which settlement is not probable or the amount cannot be reliably

measured. Contingent assets are disclosed when settlement is probable but not virtually certain, and

contingent liabilities are disclosed when settlement is greater than remote.

1.14 Acquisition of assets

Assets are recorded at cost on acquisition except as stated below. The cost of acquisition includes the fair

value of assets transferred in exchange and liabilities undertaken. Financial assets are initially measured at

their fair value plus transaction costs where appropriate.

Assets acquired at no cost, or for nominal consideration, are initially recognised as assets and revenues at

their fair value at the date of acquisition, unless acquired as a consequence of a restructuring of administrative

arrangements. In the latter case, assets are initially recognised as contributions by owners at the amounts at

which they were recognised in the transferor agency’s accounts immediately before the restructuring.

1.15 Property, plant and equipment

Asset recognition threshold

Purchases of property, plant and equipment are recognised initially at cost in the balance sheet, except for

purchases costing less than $2,000, which are expensed in the year of acquisition (other than where they form

part of a group of similar items which is significant in total).

The initial cost of an asset includes an estimate of the cost of dismantling and removing the item and restoring

the site on which it is located. This is particularly relevant to ‘make good’ provisions in property leases taken up by AusAID where there exists an obligation to restore the property to its original condition. These costs are

included in the value of AusAID’s leasehold improvements with a corresponding provision for the ‘make good’ obligation recognised.

Revaluations

Fair values for each class are determined as shown below:

Asset class: Fair value measured at:

Leasehold improvements Depreciated replacement cost

Infrastructure, plant and equipment Market selling price

Following initial recognition at cost, property, plant and equipment are carried at fair value less accumulated

depreciation and accumulated impairment losses. Valuations are conducted with sufficient frequency to ensure

that the carrying amounts of assets do not differ materially from the assets’ fair values as at the reporting date.

The regularity of independent valuations depends upon the volatility of movements in market values for the

relevant assets. The revaluation of leasehold improvements, infrastructure, plant and equipment to fair value

was undertaken by Preston Rowe Paterson NSW Pty Ltd as at 30 June 2013.

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Revaluation adjustments are made on a class basis. Any revaluation increment is credited to equity under the

heading of asset revaluation reserve except to the extent that it reverses a previous revaluation decrement of

the same asset class that was previously recognised through the surplus/deficit. Revaluation decrements for

the same class of assets are recognised directly in the surplus/deficit except to the extent that they reverse a

previous revaluation increment for that class.

Any accumulated depreciation as at the revaluation date is eliminated against the gross carrying amount of the

asset and the asset restated to the re-valued amount.

Depreciation

Depreciable infrastructure, plant and equipment assets are written-down to their estimated residual values over

their estimated useful lives to AusAID using, in all cases, the straight-line method of depreciation. Leasehold

improvements are depreciated on a straight-line basis over the lesser of the lease term or 10 years.

Depreciation rates (useful lives) and methods are reviewed at each reporting date and necessary adjustments

are recognised in the current, or current and future reporting periods, as appropriate.

Depreciation rates applying to each class of depreciable asset are based on the following useful lives:

2013 2012

Leasehold improvements Lesser of lease term and 10 years

Lesser of lease term and 10 years

Infrastructure plant and equipment Three to 25 years Three to 25 years

Impairment

All assets were assessed for impairment at 30 June 2013. Where indications of impairment exist the asset’s recoverable amount is estimated and an impairment adjustment made if the asset’s recoverable amount is less than its carrying amount.

The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. Value in

use is the present value of the cash flows expected to be derived from the asset. Where the future economic

benefit of an asset is not primarily dependent on the asset’s ability to generate future cash flows, and the asset would be replaced if AusAID were deprived of the asset, its value in use is taken to be its depreciated

replacement cost.

An item of property, plant and equipment is derecognised upon disposal or when no further future economic

benefits are expected from its use or disposal.

1.16 Intangibles

AusAID’s intangibles comprise internally developed and commercially purchased software for internal use.

These assets are carried at cost less accumulated amortisation and accumulated impairment losses except for

purchases costing less than $2,000, which are expensed in the year of acquisition.

Software is amortised on a straight-line basis over its anticipated useful life. The useful life of AusAID’s software is five to 10 years (2012: five to 10 years).

All software assets were assessed for indications of impairment as at 30 June 2013.

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1.17 Taxation/competitive neutrality

AusAID is exempt from all forms of taxation except Fringe Benefits Tax (FBT) and Goods and Services Tax

(GST).

Revenues, expenses, liabilities and assets are recognised net of GST, except:

where the amount of GST incurred is not recoverable from the Australian Taxation Office

receivables and payables.

1.18 Comparatives

Where practicable, comparatives are restated to show the information that would have been disclosed in the

prior reporting period had any adjustments been applied, or any changes in current Finance Minister’s Orders

been applied.

1.19 Foreign currency transactions

Transactions denominated in a foreign currency are converted at the exchange rate at the date of the

transaction. Foreign currency receivables and payables are translated at the exchange rates current at balance

date where the impact is assessed as material. Exchange gains and losses are reported in the statement of

comprehensive income. AusAID does not enter into hedging arrangements for its foreign currency transactions

and all foreign exchange gains or losses are considered non-speculative in nature.

1.20 Reporting of administered activities

Administered revenues, expenses, assets, liabilities and cash flows are disclosed in the schedule of

administered statements, schedules and related notes.

Except where otherwise stated below, administered items are accounted for on the same basis and using the

same policies as for departmental items, including the application of Australian Accounting Standards.

Significant accounting adjustments and estimates

The fair value of the administered financial instruments in 2012–2013 has been determined on a basis

consistent with previous years, using professional valuation advice. The fair value of the financial instruments

reported in future periods will be affected by variables such as discount rates, exchange rates and possible

impairment. The effect of changes to the assumptions used to value the financial instruments is disclosed at

Note 22.

Administered cash transfers to and from the official public account

Revenue collected by AusAID for use by the government rather than AusAID is administered revenue.

Collections are transferred to the official public account maintained by the Department of Finance and

Deregulation. Conversely, cash is drawn from the official public account to make payments under

Parliamentary appropriation on behalf of government. These transfers to and from the official public account

are adjustments to the administered cash held by AusAID on behalf of the government and reported as such in

the statement of cash flows and in the administered reconciliation schedule.

Revenue

All administered revenues are revenues relating to ordinary activities performed by AusAID on behalf of the

Australian Government. As such, administered appropriations are not revenues of AusAID which oversees

distribution or expenditure of the funds as directed.

Interest is accrued on the amortised cost of loan receivables using the effective interest method in accordance

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with AASB 139 – Financial instruments: recognition and measurement.

Loan and receivables concessional expenses

Consistent with AusAID’s outcomes, long-term loans are provided to other entities at concessional rates. On

settlement of the loan funds, differences between the nominal value of the loan subscription and the fair value

of the associated asset are recorded in the schedule of administered items as an expense administered on

behalf of government.

Grants

AusAID administers a number of grants on behalf of the Australian Government to international, United Nations

and Commonwealth organisations. Grant and subsidy liabilities are recognised to the extent that (i) the

services required to be performed by the grantee have been performed or (ii) the grant eligibility criteria have

been satisfied, but payments due have not been made. A commitment is recorded when the government enters

into an agreement to make these grants but services have not been performed or criteria satisfied. Multi-year

grants of a non-reciprocal nature are recorded as liabilities in the year the agreement is signed at fair value,

using relevant Australian Government bond rates to discount the future cash flows to their present value. The

value of the discount applied is recognised against grant expenses.

Financial assets

AusAID administers material financial assets on behalf of the Australian Government. The Australian

Government is the holder of these financial instruments, with the issuers being partner foreign governments

and multilateral aid organisations including the Asian Development Fund and the International Development

Association. Financial instruments are recognised on a trade date basis.

The financial instruments are held consistent with aid program objectives.

Financial liabilities

Financial liabilities are classified as either ‘at fair value through profit or loss’ or other financial liabilities. Financial liabilities are recognised and derecognised upon ‘trade date’.

Financial liabilities at fair value through profit or loss include multilateral grants payable and multilateral

subscriptions payable. Financial liabilities at fair value through profit or loss are initially measured at fair value.

Subsequent fair value adjustments are recognised in profit or loss.

Other financial liabilities include trade creditors and accruals. Other financial liabilities, including borrowings,

are initially measured at fair value, net of transaction costs. These liabilities are subsequently measured at

amortised cost using the effective interest method, with interest expense recognised on an effective yield basis.

The effective interest method is a method of calculating the amortised cost of a financial liability and of

allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts

estimated future cash payments through the expected life of the financial liability, or, where appropriate, a

shorter period.

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Note 2: Events after the reporting period

Administered

On 1 July 2013, the Statute Stocktake (Appropriations) Act 2013 repealed a number of old annual Appropriation Acts to remove them from the statue books. The impact of this legislation on AusAID has been to repeal unspent annual administered appropriations for 2009–10 and previous financial years. The total amount of appropriations repealed is $469.719 million (see note 25 table C).

These appropriations were provided to make payments for multi-year grants and contributions and were appropriated for the total value of each agreement in the year the agreement was entered into. The unspent amount of these appropriations represent the value of the remaining payments scheduled under each agreement after 30 June 2013.

It is anticipated these amounts will be re-appropriated through the next budget process.

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Note 3: Expenses 2013 2012

$'000 $'000

Note 3A: Employee benefits

Wages and salaries 152,168 132,258

Superannuation:

Defined contribution plans 9,982 9,459

Defined benefit plans 13,258 10,228

Leave and other entitlements 15,144 16,741

Fringe benefits tax 5,408 2,869

Total employee benefits 195,960 171,555

Note 3B: Supplier expenses

Goods and services

Consultants 7,384 7,021

Contractors 12,614 14,434

Stationery 2,225 1,985

Travel 15,448 17,396

Facilities and services 16,419 13,762

Office costs 6,933 6,501

Security 8,718 3,873

Recruitment 2,654 3,050

Training 7,533 6,649

Other 8,750 7,750

Total goods and services 88,678 82,421

Goods and services are made up of:

Rendering of services – related entities 8,237 4,879

Rendering of services – external parties 80,441 77,542

Total goods and services 88,678 82,421

Other supplier expenses

Operating lease rentals – external parties:

Minimum lease payments 23,208 20,197

Workers compensation expenses 1,645 876

Total other supplier expenses 24,853 21,073

Total supplier expenses 113,531 103,494

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2013 2012

$'000 $'000

Note 3C: Depreciation and amortisation

Depreciation:

Infrastructure, plant and equipment 8,755 7,123

Leasehold improvements 4,749 3,665

Total depreciation 13,504 10,788

Amortisation:

Intangibles:

Computer software 1,584 1,112

Total amortisation 1,584 1,112

Total depreciation and amortisation 15,088 11,900

Note 3D: Finance costs

Unwinding of discount – restoration obligation 108 311

Total finance costs 108 311

Note 3E: Write-down and impairment of assets

Asset write-downs and impairments from:

Write-off of leasehold improvements, infrastructure, plant and equipment 1,017 120

Impairment of infrastructure, plant and equipment 304 –

Write-down of intangibles 2 –

Impairment of financial instruments – 16

Total write-down and impairment of assets 1,323 136

Note 3F: Losses from asset sales

Infrastructure, plant and equipment

Proceeds from sale (57) (48)

Carrying value of assets sold 79 66

Net loss from infrastructure, plant and equipment 22 18

Total losses from asset sales 22 18

Note 3G: Foreign exchange losses

Non-speculative 47 57

Total foreign exchange losses 47 57

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Note 4: Income 2013 2012

$'000 $'000

Revenue

Note 4A: Sale of goods and rendering of services

Rendering of services – related entities 221 49

Rendering of services – external parties 10 5

Total sale of goods and rendering of services 231 54

Gains Note 4B: Other gains

Resources received free of charge 130 137

Assets previously expensed – 391

Gain on restoration obligation 338 244

Total other gains 468 772

Revenue from government

Note 4C: Revenue from government

Appropriations:

Departmental appropriation 316,759 274,727

Total revenue from government 316,759 274,727

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Note 5: Financial assets 2013 2012

$'000 $'000

Note 5A: Cash and cash equivalents

Cash on hand or on deposit 912 283

Cash held by outsiders 104 53

Total cash and cash equivalents 1,016 336

Note 5B: Trade and other receivables

Good and services:

Goods and services – related entities 167 763

Goods and services – external parties 154 136

Total receivables for goods and services 321 899

Appropriations receivable:

For existing programs 85,696 58,065

Total appropriations receivable 85,696 58,065

Other receivables:

GST receivable from the Australian Taxation Office 830 973

Other 376 521

Total other receivables 1,206 1,494

Total trade and other receivables (gross) 87,223 60,458

Less impairment allowance account:

Goods and services (13) (21)

Total impairment allowance account (13) (21)

Total trade and other receivables (net) 87,210 60,437

Receivables are expected to be recovered in:

No more than 12 months 87,210 60,437

More than 12 months – –

Total trade and other receivables (net) 87,210 60,437

Receivables are aged as follows:

Not overdue 87,011 60,320

Overdue by:

0 to 30 days 172 33

31 to 60 days 2 1

61 to 90 days 1 2

More than 90 days 37 102

Total receivables (gross) 87,223 60,458

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2013 2012

$'000 $'000

The impairment allowance account is aged as follows:

Not overdue – –

Overdue by:

0 to 30 days – –

31 to 60 days – –

61 to 90 days – –

More than 90 days (13) (21)


Credit terms for goods and services were within 30 days (2012: 30 days)

Reconciliation of the impairment allowance account:

Movements in relation to 2013

Goods and services Total

$'000 $'000 Opening balance 21 21

Amounts written off (8) (8) Closing balance 13 13


Goods and

services Total

$'000 $'000

Opening balance 9 9

Amounts written off (4) (4)

Increase/decrease recognised in net surplus 16 16

Closing balance 21 21

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Note 6: Non-financial assets 2013 2012

$'000 $'000

Note 6A: Leasehold improvements

Work in progress at cost 11,821 1,817

Fair value 24,336 34,154

Accumulated depreciation (639) (7,572)

Total leasehold improvements 35,518 28,399

No indicators of impairment were found for leasehold improvements

No leasehold improvements are expected to be sold or disposed of within the next 12 months. Note 6B: Infrastructure, plant and equipment

Fair value 27,410 40,167

Accumulated depreciation (388) (12,610)

Accumulated impairment losses (304) –

Total infrastructure, plant and equipment 26,718 27,557

At balance date, no infrastructure, plant and equipment assets are being held for sale within the next 12 months.

During the annual stocktake, 66 items of infrastructure plant and equipment were not located. A provision for

accumulated impairment losses of $0.304 million (2012: nil) has been recognised for these assets pending further

investigation.

Revaluation of non-financial assets

All revaluations were conducted in accordance with the revaluation policy stated at Note 1. An independent valuer

conducted the revaluation as at 30 June 2013.

Revaluation increments of $0.531 million for leasehold improvements (2012: nil) and $0.438 million for infrastructure,

plant and equipment (2012: nil) were credited to the asset revaluation surplus by asset class and included in the equity

section of the balance sheet.

An annual stocktake was completed in 2012–2013 and confirmed the condition and existence of AusAID’s non-financial

assets.

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Note 6C: Reconciliation of the opening and closing balances of property, plant and equipment (2012–13)

Leasehold improvements

Infrastructure, plant and

equipment Total $’000 $’000 $’000 As at 1 July 2012

Gross book value 35,971 40,167 76,138 Accumulated depreciation and impairment (7,572) (12,610) (20,182) Net book value 1 July 2012 28,399 27,557 55,956 Additions: By purchase 11,748 8,467 20,215 Revaluations 531 438 969 Depreciation expense (4,749) (8,755) (13,504) Disposals:

By sale – (79) (79) Write-off (411) (606) (1,017) Impairments – (304) (304)

Net book value 30 June 2013 35,518 26,718 62,236 Net book value as of 30 June 2013 represented by: Gross book value 36,157 27,410 63,567 Accumulated depreciation and impairment (639) (692) (1,331) Net book value 30 June 2013 35,518 26,718 62,236


Leasehold

improvements


equipment Total $’000 $’000 $’000 As at 1 July 2011 Gross book value 24,971 23,567 48,538

Accumulated depreciation and impairment (3,907) (5,671) (9,578)

Net book value 1 July 2011 21,064 17,896 38,960

Additions:

By purchase 11,057 16,913 27,970

Depreciation expense (3,665) (7,123) (10,788)

Disposals:

Other disposals (57) (129) (186)

Net book value 30 June 2012 28,399 27,557 55,956

Net book value as of 30 June 2012 represented by:

Gross book value 35,971 40,167 76,138

Accumulated depreciation and impairment (7,572) (12,610) (20,182)


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2013 2012

$'000 $'000

Note 6D: Intangibles

Computer software: Internally developed – in use 8,843 7,450

Internally developed – in progress 121 238

Purchased 8,302 8,582

Total computer software (gross) 17,266 16,270

Accumulated amortisation (10,473) (10,071)

Total computer software 6,793 6,199

No indicators of impairment were found for intangible assets.

No intangibles are expected to be sold or disposed of within the next 12 months.

Note 6E: Reconciliation of the opening and closing balances of intangibles (2012–13)

Computer software

internally developed

Computer software

purchased Total $’000 $’000 $’000 As at 1 July 2012

Gross book value 7,688 8,582 16,270 Accumulated amortisation and impairment (5,185) (4,886) (10,071) Net book value 1 July 2012 2,503 3,696 6,199 Additions:

By purchase or internally developed 1,276 904 2,180 Amortisation (489) (1,095) (1,584) Disposals:

Other – (2) (2) Net book value 30 June 2013 3,290 3,503 6,793 Net book value as of 30 June 2013 represented by: Gross book value 8,964 8,302 17,266 Accumulated amortisation and impairment (5,674) (4,799) (10,473) Net book value 30 June 2013 3,290 3,503 6,793

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Computer

software

internally

developed

Computer

software

purchased Total

$’000 $’000 $’000

As at 1 July 2011

Gross book value 6,588 6,107 12,695

Accumulated amortisation and impairment (4,812) (4,147) (8,959)

Net book value 1 July 2011 1,776 1,960 3,736

Additions

By purchase or internally developed 1,100 2,475 3,575

Amortisation (373) (739) (1,112)



Gross book value 7,688 8,582 16,270

Accumulated amortisation and impairment (5,185) (4,886) (10,071)


2013 2012

$'000 $'000

Note 6F: Other non-financial assets

Prepayments 10,959 8,688

Other 179 168

Total other non-financial assets 11,138 8,856

Other non-financial assets are expected to be realised in:


More than 12 months 903 644

Total other non-financial assets 11,138 8,856

No indicators of impairment were found for other non-financial assets.

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Note 7: Payables 2013 2012

$'000 $'000

Note 7A: Suppliers Trade creditors and accruals 19,266 12,489

Operating lease rentals 483 209

Total supplier payables 19,749 12,698

Supplier payables expected to be settled within 12 months:

Related entities 1,128 2,568

External parties 18,321 10,100

Total 19,449 12,668

Supplier payables expected to be settled in more than 12 months:

Related entities – –

External parties 300 30

Total 300 30

Total supplier payables 19,749 12,698

Settlement is usually made within 30 days. Note 7B: Other payables

Salaries and wages 5,371 3,732

Superannuation 388 343

Unearned revenue 5,968 –

Total other payables 11,727 4,075

Other payables are expected to be settled in:


More than 12 months – – Total other payables 11,727 4,075

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Note 8: Provisions 2013 2012

$'000 $'000

Note 8A: Employee provisions

Leave 52,563 46,603

Total employee provisions 52,563 46,603

Employee provisions are expected to be settled in:


More than 12 months 22,248 26,040

Total employee provisions 52,563 46,603

Note 8B: Other provisions

Provision for:

Restoration obligations 2,902 3,248

Lease incentives 1,986 2,350

Fringe benefits tax 2,218 550

Total other provisions 7,106 6,148

Other provisions are expected to be settled in:




There are currently 113 (2012: 118) leases on premises which require AusAID to restore the premises to their original

condition at the conclusion of the lease. AusAID has made a provision to reflect the present value of this obligation.

Restoration obligations

Lease incentives

Fringe benefits

tax Total $’000 $’000 $’000 Carrying amount 1 July 2012 3,248 2,350 550 6,148 Additional provisions made 11 – 5,408 5,419 Amounts used – (364) (3,740) (4,104) Unwinding of discount 108 – – 108 Change in discount rate and/or lease term (338) – – (338) Revaluation adjustment credited to other

comprehensive income (127) – – (127) Closing balance 30 June 2013 2,902 1,986 2,218 7,106

Reconciliation of other provisions:

Movement in relation to 2013

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Note 9: Cash flow reconciliation 2013 2012

$'000 $'000

Reconciliation of cash and cash equivalents as per balance sheet to cash flow statement Cash and cash equivalents as per: Cash flow statement 1,016 336

Balance sheet 1,016 336

Difference – –

Reconciliation of net cost of services to net cash from operating activities:

Net cost of services (325,380) (286,645)

Add revenue from government 316,759 274,727

Adjustments for non-cash items

Net losses from sale of assets 149 18

Depreciation/amortisation 15,088 11,900

Net write down of non-financial assets 1,323 120

Changes in assets/liabilities

(Increase) in net receivables (26,773) (7,145)

(Increase) in other non-financial assets (2,282) (1,211)

Increase in employee provisions 5,960 12,816

(Decrease) /increase in supplier payables 7,051 (4,856)

Increase in other provisions 958 1,125

Increase in other payables 7,652 986

Net cash from operating activities 505 1,835

Note 10: Contingent assets and liabilities Quantifiable contingencies

At 30 June 2013 (2012: nil) AusAID did not have any quantifiable contingencies.

Unquantifiable contingencies

At 30 June 2013 (2012: nil) AusAID did not have any unquantifiable contingencies.

292

AN

NU

AL

REP

OR

T 2

012–

13A

ustr

alia

n A

genc

y fo

r Int

erna

tion

al D

evel

opm

ent

04


Note 11: Senior Executive Remuneration Note 11A: Senior executive remuneration expense for the reporting period

2013 2012

$ $

Short-term employee benefits:

Salary 12,628,666 9,700,517

Annual leave accrued 1,067,368 939,444

Reportable allowances and benefits 768,276 401,042

Total short-term employee benefits 14,464,310 11,041,003

Post-employment benefits:

Superannuation 2,905,053 1,774,357

Total post-employment benefits 2,905,053 1,774,357

Other long-term benefits:

Long-service leave accrued 429,215 587,081

Total other long-term benefits 429,215 587,081

Total 17,798,578 13,402,441

Explanatory notes:

1. Note 11A is prepared on an accrual basis therefore expenses disclosed above may differ from the cash payments disclosed in Note 11B.

2. Note 11A excludes acting arrangements and part-year service where total remuneration expensed for a senior executive was less than $180,000.

3. Note 11A includes remuneration for AusAID senior executives based in Australia and overseas.

4. Salary includes the payment of relevant allowances for senior executives based overseas. Salary does not include payments while on leave. Reportable allowances comprise allowances required to be reported separately on an employee‘s payment summary and include part day travel allowances and transfer allowances for senior executives commencing/completing postings.

5. Annual leave and long service leave accrued is the amount of leave entitlements earned during the financial year, regardless of whether the leave has been taken.

6. Comparatives have been restated in line with the change in reporting thresholds for senior executive remuneration reporting requirements in the 2012–13 Finance Ministers Orders from $150,000 to $180,000.

293


04

CH

Aust

ralia

n Ag

ency

for I

nter

natio

nal D

evel

opm

ent

NO

TES

TO A

ND

FO

RM

ING

PAR

T O

F TH

E FI

NAN

CIA

L ST

ATEM

ENTS

N

ote

11B

: Ave

rage

ann

ual r

epor

tabl

e re

mun

erat

ion

paid

to s

ubst

antiv

e se

nior

exe

cutiv

es d

urin

g th

e re

port

ing

perio

d1

2012

–13

Ave

rage

ann

ual r

epor

tabl

e re

mun

erat

ion

Subs

tant

ive

seni

or e

xecu

tives

R

epor

tabl

e sa

lary

2 C

ontr

ibut

ed

supe

rann

uatio

n3 R

epor

tabl

e al

low

ance

s5 B

onus

pai

d6 To

tal r

epor

tabl

e re

mun

erat

ion

N

o.

$ $

$ $

$ T

otal

rem

uner

atio

n (in

clud

ing

part

-tim

e ar

rang

emen

ts):

less

than

$18

0,00

0 10

89

,524

12

,805

42

4

– 10

2,75

3 $1

80,0

00 to

$20

9,99

9 14

17

2,95

2

26,5

48

33

488

20

0,02

1 $2

10,0

00 to

$23

9,99

94a

21

19

0,00

9

30,0

97

1,30

3

813

22

2,22

2 $2

40,0

00 to

$26

9,99

94b

10

21

5,34

3

35,3

08

1,91

8

2,44

3

255,

012

$270

,000

to $

299,

999

6

247,

425

32

,241

3,

633

1,

713

28

5,01

2 $3

00,0

00 to

$32

9,99

9 1

29

7,48

3

25,9

31

– 3,

416

32

6,83

0 $3

30,0

00 to

$35

9,99

9 9

30

8,35

5

33,3

25

1,72

5

2,17

5

345,

580

$390

,000

to $

419,

999

4c

1 22

0,36

4 17

1,62

5 –

– 39

1,98

9 $4

20,0

00 to

$44

9,99

9 1

39

0,99

5

32,3

11

2,56

6

– 42

5,87

2 $7

20,0

00 to

$74

9,99

94d

1

411,

641

309,

844

6,71

1 –

728,

196

$750

,000

to $

779,

999

4e

1

283,

092

49

0,10

7

–

–

773,

199

Tota

l num

ber o

f sub

stan

tive

seni

or e

xecu

tives

75

Not

es:

1.

Thi

s ta

ble

repo

rts

subs

tant

ive

seni

or e

xecu

tives

who

rec

eive

d re

mun

erat

ion

durin

g th

e re

port

ing

perio

d. E

ach

row

is a

n av

erag

ed fi

gure

bas

ed o

n he

adco

unt f

or in

divi

dual

s in

the

band

. The

ban

ding

is b

ased

on

tota

l rem

uner

atio

n. T

he ta

ble

incl

udes

sen

ior

exe

cutiv

es b

ased

in A

ustr

alia

and

ove

rsea

s.

2.

‘Rep

orta

ble

sala

ry’ i

nclu

des:

a) g

ross

pay

men

ts (l

ess

any

bonu

ses

paid

, whi

ch a

re s

epar

ated

out

and

dis

clos

ed in

the

‘bon

us p

aid’

col

umn)

, b) r

epor

tabl

e fri

nge

bene

fits

(at t

he

net a

mou

nt p

rior t

o ‘g

ross

ing

up’ t

o ac

coun

t for

tax

bene

fits)

c)

exem

pt fo

reig

n em

ploy

men

t inc

ome

and

d) o

ther

re

leva

nt a

llow

ance

s fo

r se

nior

exe

cutiv

es b

ased

ov

erse

as.

Var

ious

sal

ary

sacr

ifice

arr

ange

men

ts a

re a

vaila

ble

to s

enio

r ex

ecut

ives

incl

udin

g su

pera

nnua

tion,

whi

ch is

rep

orte

d in

the

‘con

tribu

ted

supe

rann

uatio

n’ c

olum

n.

3.

The

‘con

tribu

ted

supe

rann

uatio

n’ a

mou

nt is

the

aver

age

actu

al s

uper

annu

atio

n co

ntrib

utio

ns p

aid

to s

enio

r exe

cutiv

es in

that

rep

orta

ble

rem

uner

atio

n ba

nd d

urin

g th

e re

port

ing

perio

d, in

clud

ing

any

sala

ry s

acrif

iced

am

ount

s, a

s pe

r the

indi

vidu

al’s

pay

slip

, alo

ng w

ith a

ny a

dditi

onal

lum

p su

m s

uper

annu

atio

n co

ntrib

utio

n pa

ymen

ts m

ade

whe

re re

leva

nt.

4.

On

4 Ja

nuar

y 20

13, t

he D

epar

tmen

t of F

inan

ce a

nd D

ereg

ulat

ion

advi

sed

that

an

addi

tiona

l one

-off

lum

p su

m s

uper

annu

atio

n pa

ymen

t of $

1.08

6 m

illio

n w

ould

be

requ

ired

in

resp

ect o

f nin

e A

usA

ID e

mpl

oyee

s. T

he p

aym

ents

wer

e re

quire

d w

here

ther

e w

as a

sub

stan

tial d

iffer

ence

bet

wee

n th

e em

ploy

ee’s

cur

rent

sup

eran

nuat

ion

liabi

lity

and

the

amou

nt p

revi

ousl

y al

low

ed fo

r in

Aus

AID

’s e

mpl

oyer

sup

eran

nuat

ion

cont

ribut

ion

rate

s. T

he a

dditi

onal

lum

p su

m s

uper

annu

atio

n co

ntrib

utio

n pa

ymen

t is

incl

uded

with

in t

he

aver

age

cont

ribut

ed s

uper

annu

atio

n am

ount

s in

not

e 11

B fo

r fiv

e se

nior

exe

cutiv

e em

ploy

ees

(a)

$29,

580

(b)

$29,

511

(c)

$136

,267

(d)

$25

5,89

2 (e

) $4

44,4

49.

294

AN

NU

AL

REP

OR

T 2

012–

13A

ustr

alia

n A

genc

y fo

r Int

erna

tion

al D

evel

opm

ent

04

CH

Aust

ralia

n Ag

ency

for I

nter

natio

nal D

evel

opm

ent

NO

TES

TO A

ND

FO

RM

ING

PAR

T O

F TH

E FI

NAN

CIA

L ST

ATEM

ENTS

5.

‘R

epor

tabl

e al

low

ance

s’ a

re th

e av

erag

e ac

tual

allo

wan

ces

paid

as

per t

he ‘t

otal

allo

wan

ces’

line

on

an in

divi

dual

’s p

aym

ent s

umm

ary.

The

se in

clud

e pa

rt d

ay tr

avel

allo

wan

ces

and

tran

sfer

allo

wan

ces

for

seni

or e

xecu

tives

com

men

cing

/com

plet

ing

post

ings

.

6.

‘Bon

us p

aid’

repr

esen

ts a

vera

ge a

ctua

l bon

uses

pai

d du

ring

the

repo

rting

per

iod

in th

at re

porta

ble

rem

uner

atio

n ba

nd. A

usA

ID s

enio

r ex

ecut

ives

who

are

on

the

top

sala

ry

incr

emen

t in

thei

r ba

nd a

re e

ligib

le fo

r a

2% p

erfo

rman

ce b

onu

s su

bjec

t to

a pe

rform

ance

ratin

g of

“ful

ly e

ffect

ive”

or h

ighe

r in

thei

r ann

ual p

erfo

rman

ce re

view

.

2011

–12

Ave

rage

ann

ual r

epor

tabl

e re

mun

erat

ion

Sub

stan

tive

seni

or

exec

utiv

es

Rep

orta

ble

sala

ry2

Con

trib

uted

supe

rann

uatio

n3

Rep

orta

ble

allo

wan

ces4

Bon

us p

aid

5

Tot

al r

epor

tabl

e

rem

uner

atio

n

N

o.

$ $

$ $

$

Tot

al r

emun

erat

ion

(incl

udin

g pa

rt-t

ime

arra

ngem

ents

):

less

than

$18

0,00

0 21

63

,329

11

,398

65

6

– 75

,383

$180

,000

to $

209,

999

25

165,

670

29

,740

47

3

– 19

5,88

3

$210

,000

to $

239,

999

9

198,

175

31

,284

1,

220

–

230,

679

$240

,000

to $

269,

999

6

215,

763

30

,441

3,

435

–

249,

639

$270

,000

to $

299,

999

3

235,

969

40

,751

5,

690

–

282,

410

$300

,000

to $

329,

999

7

269,

701

40

,174

2,

200

–

31

2,07

5

$330

,000

to $

359,

999

1

258,

927

76

,182

–

–

335,

109

$360

,000

to $

389,

999

1

340,

340

29

,770

–

–

370,

110

$540

,000

to $

569,

999

1

503,

752

57

,227

–

–

560,

979

Tot

al n

umbe

r of

sub

stan

tive

seni

or e

xecu

tives

74

295


04

CH

Aust

ralia

n Ag

ency

for I

nter

natio

nal D

evel

opm

ent

NO

TES

TO A

ND

FO

RM

ING

PAR

T O

F TH

E FI

NAN

CIA

L ST

ATEM

ENTS

N

ote

11C

: Oth

er h

ighl

y pa

id s

taff

(incl

udin

g ov

erse

as b

ased

sta

ff)1

20

12–1

3

Ave

rage

ann

ual r

epor

tabl

e re

mun

erat

ion

Oth

er h

ighl

y pa

id s

taff

Rep

orta

ble

sala

ry2

Con

trib

uted

su

pera

nnua

tion3

Rep

orta

ble

allo

wan

ces4

Bon

us p

aid5

Tota

l re

port

able

re

mun

erat

ion

N

o.

$ $

$ $

$ To

tal r

epor

tabl

e re

mun

erat

ion

(incl

udin

g pa

rt ti

me

arra

ngem

ents

):

$1

80,0

00 to

$20

9,99

9 66

17

0,01

9

18,3

29

2,47

1

1,52

2

192,

341

$210

,000

to $

239,

999

47

200,

175

18

,604

2,

662

1,

781

22

3,22

2 $2

40,0

00 to

$26

9,99

9 19

22

5,42

9

20,1

48

3,55

7

2,46

3

251,

597

$270

,000

to $

299,

999

13

255,

644

22

,132

2,

067

1,

767

28

1,61

0 $3

00,0

00 to

$32

9,99

9 2

281,

472

20,0

36

4,05

3 2

,353

30

7,91

4 $3

30,0

00 to

$35

9,99

9 1

322,

701

28,3

23

– 2,

609

353,

633

$360

,000

to $

389,

999

1 33

5,41

3 27

,134

–

2,60

9 36

5,15

6 To

tal n

umbe

r of o

ther

hig

hly

paid

sta

ff6 14

9

Not

es:

1.

Thi

s ta

ble

repo

rts

staf

f: a)

who

wer

e em

ploy

ed b

y A

usA

ID d

urin

g th

e re

port

ing

perio

d b)

who

se r

epor

tabl

e re

mun

erat

ion

was

$18

0,00

0 or

mor

e fo

r th

e fin

anci

al p

erio

d an

d

c) w

ere

not r

equi

red

to b

e di

sclo

sed

in t

able

s A

or

B. E

ach

row

is a

n av

erag

ed fi

gure

bas

ed o

n he

adco

unt f

or in

divi

dual

s in

the

band

. T

he m

ajor

ity o

f sta

ff re

port

ed in

thes

e

tabl

es a

re b

ased

ove

rsea

s.

2.

‘Rep

orta

ble

sala

ry’ i

nclu

des

the

follo

win

g: a

) gro

ss p

aym

ents

(les

s an

y bo

nuse

s pa

id, w

hich

are

sep

arat

ed o

ut a

nd d

iscl

osed

in th

e ‘b

onus

pai

d’ c

olum

n) b

) rep

orta

ble

fring

e be

nefit

s (a

t the

net

am

ount

prio

r to

‘gro

ssin

g up

’ to

acco

unt f

or ta

x be

nefit

s) c

) exe

mpt

fore

ign

empl

oym

ent i

ncom

e an

d d)

oth

er r

elev

ant a

llow

ance

s fo

r st

aff b

ased

over

seas

.

3.

The

‘con

tribu

ted

supe

rann

uatio

n’ a

mou

nt is

the

aver

age

actu

al s

uper

annu

atio

n co

ntrib

utio

ns p

aid

to s

taff

in th

at re

porta

ble

rem

uner

atio

n ba

nd d

urin

g th

e re

port

ing

perio

d,

incl

udin

g an

y sa

lary

sac

rific

ed a

mou

nts,

as

per t

he in

divi

dual

’s p

aysl

ip, a

long

with

an

y ad

ditio

nal l

ump

sum

sup

eran

nuat

ion

cont

ribut

ion

paym

ents

mad

e w

here

rel

evan

t.

4.

‘Rep

orta

ble

allo

wan

ces’

are

the

aver

age

actu

al a

llow

ance

s pa

id a

s pe

r the

‘tot

al a

llow

ance

s’ li

ne o

n an

indi

vidu

al’s

pay

men

t sum

mar

y. T

hese

incl

ude

part

day

trav

el

allo

wan

ces

and

tran

sfer

allo

wan

ces

for

staf

f com

men

cing

/com

plet

ing

post

ings

.

5.

‘Bon

us p

aid’

repr

esen

ts a

vera

ge a

ctua

l bon

uses

pai

d du

ring

the

repo

rting

per

iod

in th

at re

porta

ble

rem

uner

atio

n ba

nd. T

he ‘b

onus

pai

d’ w

ithin

a p

artic

ular

ban

d m

ay v

ary

betw

een

finan

cial

yea

rs d

ue to

var

ious

fact

ors

such

as

indi

vidu

als

com

men

cing

with

or

leav

ing

the

entit

y du

ring

the

finan

cial

yea

r.

296

AN

NU

AL

REP

OR

T 2

012–

13A

ustr

alia

n A

genc

y fo

r Int

erna

tion

al D

evel

opm

ent

04

CH

Aust

ralia

n Ag

ency

for I

nter

natio

nal D

evel

opm

ent

NO

TES

TO A

ND

FO

RM

ING

PAR

T O

F TH

E FI

NAN

CIA

L ST

ATEM

ENTS

6.

T

he n

umbe

r of

oth

er h

ighl

y pa

id s

taff

repo

rted

in 2

012

-13

refle

cts

as a

n in

crea

se in

the

num

ber

of s

taff

post

ed o

vers

eas

over

the

last

two

yea

rs, i

nclu

ding

the

full

year

effe

ct

of a

dditi

onal

sta

ff po

sted

dur

ing

2011

-12,

con

sist

ent w

ith in

crea

sed

reso

urce

s fo

r th

e ag

ency

as

aid

expe

nditu

re in

crea

ses

tow

ards

the

targ

et o

f 0.5

% o

f Gro

ss N

atio

nal

Inco

me

by 2

016

-17.

2011

–12

Ave

rage

ann

ual r

epor

tabl

e re

mun

erat

ion

Oth

er h

ighl

y

paid

sta

ff

Rep

orta

ble

sala

ry2

Con

trib

uted

supe

rann

uatio

n3

Rep

orta

ble

allo

wan

ces4

Bon

us p

aid

5

Tot

al r

epor

tabl

e

rem

uner

atio

n

N

o.

$ $

$ $

$

Tot

al r

epor

tabl

e re

mun

erat

ion

(incl

udin

g pa

rt ti

me

arra

ngem

ents

):

$180

,000

to $

209,

999

49

171,

677

18

,866

2,

371

1,

716

19

4,63

0

$210

,000

to $

239,

999

34

200,

639

20

,421

1,

952

1,

627

22

4,63

9

$240

,000

to $

269,

999

21

224,

074

21

,923

1,

916

1,

593

24

9,50

6

$270

,000

to $

299,

999

9

260,

896

18

,332

4,

377

1,

552

28

5,15

7

$300

,000

to $

329,

999

3

279,

846

20

,871

3,

302

2,

990

30

7,00

9

$330

,000

to $

359,

999

1

308,

536

20

,679

6,

605

2,

694

33

8,51

4

$360

,000

to $

389,

999

2

337,

737

41

,812

3,

303

1,

206

38

4,05

8

Tot

al n

umbe

r of

oth

er h

ighl

y pa

id s

taff

11

9

Not

e 12

: Rem

uner

atio

n of

aud

itors

2013

2012

$'

000

$'

000

Fin

anci

al s

tate

men

t aud

it se

rvic

es w

ere

prov

ided

free

of c

harg

e to

Aus

AID

by

the

Aus

tral

ian

Nat

iona

l Aud

it O

ffice

.

Fair

valu

e of

the

serv

ices

pro

vide

d

Fin

anci

al s

tate

men

t au

dit s

ervi

ces

130

137

Tota

l 13

0

137

No

othe

r se

rvic

es w

ere

prov

ided

by

the

Aus

tral

ian

Nat

iona

l Aud

it O

ffice

.

297


04


Note 13: Financial instruments 2013 2012

$'000 $'000

Note 13A: Categories of financial instruments

Financial assets

Cash and cash equivalents 1,016 336

Total 1,016 336

Loans and receivables:

Goods and services (net) 308 878

Total 308 878

Carrying amount of financial assets 1,324 1,214


At amortised cost:

Trade creditors 19,266 12,489

Total 19,266 12,489

Carrying amount of financial liabilities 19,266 12,489

Note 13B: Net income and expense from financial liabilities

Financial liabilities – at amortised cost

Net foreign exchange (loss) (47) (57)

Net (loss) financial liabilities – at amortised cost (47) (57)

Net (loss) from financial liabilities (47) (57)

Note 13C: Fair value of financial instruments

Carrying Fair Carrying Fair

amount value amount value

2013 2013 2012 2012

$'000 $'000 $'000 $'000

Financial assets

Loans and receivables 308 308 878 878

Total 308 308 878 878


Trade creditors 19,266 19,266 12,489 12,489

Total 19,266 19,266 12,489 12,489

AusAID had no departmental financial assets or liabilities that were designated at fair value through profit or loss,

classified as ‘available for sale’ or reclassified between categories in 2012–2013.

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Note 13D: Credit risk

Credit risk is the possibility that a debtor will not repay some or all of a receivable in a timely manner, causing

loss to AusAID. The maximum exposure AusAID has to credit risk at the reporting date in relation to each class

of recognised financial assets is the carrying amount of those assets indicated in the balance sheet. AusAID

has no significant exposures to concentrations of credit risk. The following table illustrates AusAID’s gross exposure to credit risk, excluding any collateral or credit enhancements.

2013 2012

$'000 $'000

Financial assets

Loans and receivables 308 878

Total 308 878


Trade creditors 19,266 12,489

Total 19,266 12,489

Credit quality of financial instruments not past due or individually determined as impaired

Not past due nor

impaired

Not past

due nor

impaired

Past due or

impaired

Past due

or

impaired

2013 2012 2013 2012

$'000 $'000 $'000 $'000

Loans and receivables 96 740 212 138

Total 96 740 212 138

Ageing of financial assets that were past due but not impaired for 2013

0 to 30 31 to 60 61 to 90 90+ days days days days Total $'000 $'000 $'000 $'000 $'000 Loans and receivables 172 2 1 24 199 Total 172 2 1 24 199


0 to 30 31 to 60 61 to 90 90+

days days days days Total

$'000 $'000 $'000 $'000 $'000

Loans and receivables 33 1 2 81 117

Total 33 1 2 81 117

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Note 13E: Liquidity risk

AusAID’s activities expose it to normal commercial financial risk. The probability of AusAID encountering difficulties in meeting its departmental financial obligations as they fall due is less than remote, noting that the

continued existence of AusAID in its present form and with its present programs is dependent on government

policy and on continuing appropriations by Parliament for the agency’s administration and programs.

Maturities for non-derivative financial liabilities 2013

On Within 1 1 to 2 2 to 5 > 5 demand year years years years Total $'000 $'000 $'000 $'000 $'000 $'000 Trade creditors – 19,266 – – – 19,266 Total – 19,266 – – – – 19,266


On Within 1 1 to 2 2 to 5 > 5

demand year years years years Total

$'000 $'000 $'000 $'000 $'000 $'000

Trade creditors – 12,489 – – – 12,489

Total – 12,489 – – – 12,489

Note 13F: Market risk

AusAID holds basic departmental financial instruments that do not expose AusAID to either interest or price risk. Credit terms for both receivables and payables are normally 30 days net.

Currency rate risk The only currency related items on the balance sheet are the ‘cash on hand’ and ‘supplier payables’ where currency rate risk is limited to the extent of the currency fluctuation at the date of translation. Note 14: Financial assets reconciliation 2013 2012

Notes $'000 $'000

Financial assets

Total financial assets as per balance sheet 88,226 60,773

Less: non-financial instrument components Appropriation receivables 85,696 58,065

Other receivables 376 521

GST receivable from the Australian Taxation Office 830 973

Total non-financial instrument components 86,902 59,559

Total financial assets as per financial instruments note 13A 1,324 1,214

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Note 15: Administered expenses 2013 2012

$'000 $'000

Note 15A: International development assistance

Development cooperation program 3,269,775 3,262,346

Total international development assistance 3,269,775 3,262,346

Note 15B: Grants

Overseas 535,048 543,181

Total grants 535,048 543,181

Note 15C: Depreciation and amortisation

Depreciation: Leasehold improvements 455 443

Infrastructure, plant and equipment 176 13

Amortisation:

Intangibles 1,760 1,187

Total depreciation and amortisation 2,391 1,643

Note 15D: Finance costs

Unwinding of discount – restoration obligation 5 4

Unwinding of discount – multilateral grants and contributions 35,556 68,241

Total finance costs 35,561 68,245

Note 15E: Write-down and impairment of assets

Asset write-downs and impairments from:

Impairment of financial instruments – amortised cost 64 83

Write-off infrastructure, plant and equipment – 9

Write-off leasehold improvements – 779

Total write-down and impairment of assets 64 871

Note 15F: Foreign exchange losses

Non-speculative 5,659 5,461

Total foreign exchange losses 5,659 5,461

Note 15G: Other expenses

Loss from measuring financial liabilities – at fair value through profit or loss 380,827 95,398

Concessional cost for loans 29,751 37,104

Total other expenses 410,578 132,502

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Note 16: Administered income 2013 2012

$'000 $'000

OWN-SOURCE REVENUE

Non-taxation revenue

Note 16A: Interest

Loans 16 17

Loan and receivable discount unwinding 7,429 6,270

Total interest 7,445 6,287

Note 16B: Return of prior year administered expenditure

Return of prior year administered expenditure 37,746 39,756

Total return of prior year administered expenditure 37,746 39,756

Note 16C: Reversals of previous asset write-downs and impairments

Reversals of impairment on financial instrument – 'available for sale' financial

asset 216,769 269,853

Total reversals of previous asset write-downs and impairments 216,769 269,853

The reversal of previous asset write-downs represents a gain on the valuation of subscription-based valuation

rights to the International Development Association and Asian Development Fund. This gain reverses impairment

losses recognised for this investment in previous years (see note 17C). Note 16D: Other gains

Gains from remeasuring financial liabilities – at fair value through profit or loss 4,425 1

Derecognition of liabilities – 16,575

Cash held by outsiders – previously expensed – 215

Assets acquired for no consideration 1,082 –

Other 7 –

Total other gains 5,514 16,791

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Note 17: Administered financial assets 2013 2012

$'000 $'000

Note 17A: Cash and cash equivalents

Cash on hand or on deposit 24,571 39,067

Cash held by outsiders – 215

Total cash and cash equivalents 24,571 39,282

Note 17B: Loans and receivables

Other receivables:

Loan receivable 101,043 80,447

GST receivable from the Australian Taxation Office 14,379 13,428

Other 2,187 1,082

Total other receivables 117,609 94,957


Less impairment allowance account:

Other receivables (199) (192)


Total receivables (net) 117,410 94,765

Receivables are expected to be recovered in:



Total receivables (net) 117,410 94,765

Receivables are aged as follows:

Not overdue 115,605 93,892

Overdue by:

0 to 30 days 592 74

31 to 60 days 169 –

61 to 90 days 13 2

More than 90 days 1,230 989


The impairment allowance account is aged as follows:

Not overdue – –

Overdue by:

0 to 30 days – –

31 to 60 days – –

61 to 90 days – –

More than 90 days (199) (192)


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04


Reconciliation of the impairment allowance account: Movements in relation to 2013

Other

receivables Total $'000 $'000 Opening balance 192 192

Amounts written off 7 7 Closing balance 199 199


Other

receivables Total

$'000 $'000

Opening balance 404 404

Amounts written off (143) (143)

Amounts recovered and reversed (69) (69)

Closing balance 192 192

Note 17C: Investments

Non-monetary 'available for sale' debt instrument – fair value 1,493,609 1,270,513

Total investments 1,493,609 1,270,513

The Australian Government holds these investments long term for policy reasons. The AASB 139 – Financial

Instruments: recognition and measurement technical definition ‘available for sale’ does not indicate an intention to trade these investments. The investment represents subscription-based membership rights (not control) held

by the Australian Government in accordance with the articles of association for the International Development

Association and the Asian Development Fund. There is no observable market value for these investments and

fair value has been determined through professional valuation advice (see also notes 22, 1.20).

Investments are expected to be recovered in:

No more than 12 months – –

More than 12 months 1,493,609 1,270,513

Total investments 1,493,609 1,270,513

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Note 18: Administered non-financial assets 2013 2012

$'000 $'000

Note 18A: Leasehold improvements

Fair value 2,637 3,919

Accumulated depreciation (12) (958)

Total leasehold improvements 2,625 2,961

No indicators of impairment were found for leasehold improvements. Note 18B: Infrastructure, plant and equipment

Fair value 1,113 40

Accumulated depreciation (162) (17)

Total infrastructure, plant and equipment 951 23

All revaluations were conducted in accordance with the revaluation policy stated at note 1. An independent valuer

conducted the revaluation as at 30 June 2013.

Revaluation increments of $0.065 million for leasehold improvements (2012: nil) and $0.010 million for

infrastructure, plant and equipment (2012: nil) were credited to the asset revaluation surplus and included in the

administered reconciliation schedule. Note 18C: Reconciliation of the opening and closing balances of property, plant and equipment (2012–13)

Leasehold improvements


equipment Total $’000 $’000 $’000 As at 1 July 2012

Gross book value 3,919 40 3,959 Accumulated depreciation and impairment (958) (17) (975) Net book value 1 July 2012 2,961 23 2,984

Additions: By purchase 54 12 66 Assets acquired for no consideration – 1,082 1,082 Revaluations 65 10 75

Depreciation expense (455) (176) (631) Net book value 30 June 2013 2,625 951 3,576


Gross book value 2,637 1,113 3,750 Accumulated depreciation and impairment (12) (162) (174) Net book value 30 June 2013 2,625 951 3,576

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Leasehold

improvements

Infrastructure,

plant and

equipment Total

$’000 $’000 $’000

As at 1 July 2011

Gross book value 4,677 67 4,744

Accumulated depreciation and impairment (515) (22) (537)

Net book value 1 July 2011 4,162 45 4,207

Additions:

By purchase 21 – 21

Depreciation expense (443) (13) (456)

Disposals

Other disposals (779) (9) (788)

Net book value 30 June 2012 2,961 23 2,984


Gross book value 3,919 40 3,959

Accumulated depreciation and impairment (958) (17) (975)

Net book value 30 June 2012 2,961 23 2,984

2013 2012

$'000 $'000

Note 18D: Intangibles

Computer software:

Internally developed – in progress 614 363

Internally developed – in use 10,063 8,899

Total computer software (gross) 10,677 9,262

Accumulated amortisation (4,567) (2,807)

Total computer software (net) 6,110 6,455

Total intangibles 6,110 6,455

No indicators of impairment were found for intangible assets.

No intangibles are expected to be sold or disposed of within the next 12 months.

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Computer software

internally developed Total

$’000 $’000 As at 1 July 2012

Gross book value 9,262 9,262 Accumulated depreciation/amortisation and impairment (2,807) (2,807) Net book value 1 July 2012 6,455 6,455

Additions By purchase or internally developed 1,415 1,415 Amortisation (1,760) (1,760) Net book value 30 June 2013 6,110 6,110


Gross book value 10,677 10,677 Accumulated depreciation/amortisation and impairment (4,567) (4,567) Net book value 30 June 2013 6,110 6,110


Computer

software

internally

developed Total

$’000 $’000

As at 1 July 2011

Gross book value 7,070 7,070

Accumulated amortisation and impairment (1,620) (1,620)

Net book value 1 July 2011 5,450 5,450

Additions

By purchase or internally developed 2,192 2,192

Amortisation (1,187) (1,187)

Net book value 30 June 2012 6,455 6,455


Gross book value 9,262 9,262

Accumulated amortisation and impairment (2,807) (2,807)

Net book value 30 June 2012 6,455 6,455

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04


2013 2012

$'000 $'000

Note 18F: Other non-financial assets

Prepayments 2,381 696

Total other non-financial assets 2,381 696

Total other non-financial assets are expected to be realised in:

No more than 12 months 2,381 696

More than 12 months – –

Total other non-financial assets 2,381 696

Note 19: Administered payables Note 19A: Grants

Multilateral grants payable – fair value through profit or loss 492,252 477,815

Total grants 492,252 477,815

Grants are expected to be settled in:



Total grants 492,252 477,815

Note 19B: Trade creditors and contributions

Trade creditors and accruals 245,529 258,068

Multilateral contributions – fair value through profit or loss 898,042 711,300

Total trade creditors and contributions 1,143,571 969,368

Trade creditors and contributions are expected to be settled in: No more than 12 months 421,973 416,374


Total trade creditors and contributions 1,143,571 969,368

All grants and subsidies are to entities that are not part of the Australian Government. Settlement is usually made

according to the terms and conditions of each grant.

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Note 20: Administered provisions 2013 2012

$'000 $'000

Note 20A: Other provisions

Provisions for:

Employees 11,342 7,957

Restoration obligations 58 44


Other provisions are expected to be settled in:




Reconciliation of other provisions

Movement in relation 2013 Employee

provisions Restoration obligations Total

$’000 $’000 $’000 Carrying amount 1 July 2012 7,957 44 8,001 Additional provisions made 8,573 9 8,582 Amounts used (5,311) – (5,311) Unwinding of discount or change in discount rate 123 5 128 Closing balance 30 June 2013 11,342 58 11,400

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04


Note 21: Administered cash flow reconciliation 2013 2012

$'000 $'000

Reconciliation of cash and cash equivalents as per balance sheet to cash flow statement

Cash and cash equivalents as per:

Cash flow statement 24,571 39,282

Balance sheet 24,571 39,282

Difference – –

Reconciliation of net cost of services to net cash from operating activities:

Net cost of services (3,991,602) (3,681,562)

Adjustments for non-cash items

Depreciation/amortisation 2,391 1,643

Net write-down of non-financial assets – 788

Gains on valuation of 'available for sale' financial assets (216,769) (269,853)

Gains on assets acquired for no consideration (1,082) –

Gain from reversal of liability – (16,575)

Non-cash finance expense 424 104 127 445

Changes in assets/liabilities

Decrease in net receivables (2,049) 791

Decrease in prepayments (1,685) 4

(Decrease)/increase in grants payable 14,437 (25,671)

(Decrease)/increase in supplier payables (12,539) (18,550)

Increase/(decrease) in other provisions 3,399 1,678

Net cash (used by) operating activities (3,781,395) (3,879,862)

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Note 22: Administered financial instruments 2013 2012

$'000 $'000

Note 22A: Categories of financial instruments

Financial assets

Cash and cash equivalents 24,571 39,282

Total 24,571 39,282

Loans and receivables:


Other receivables net 1,988 890

Total 103,031 81,337

Available for sale:

Non-monetary available for sale debt instrument – fair value 1,493,609 1,270,513

Total 1,493,609 1,270,513

Carrying amount of financial assets 1,621,211 1,391,132


At amortised cost:

Trade creditors and accruals 245,529 258,068

Fair value through profit or loss:

Multilateral grants payable:

International Development Association 211,861 249,676

Asian Development Fund 162,668 72,225

Multilateral Fund for implementation of the Montreal Protocol 3,064 6,080

The Global Environment Facility 69,734 88,560

Heavily Indebted Poor Countries 12,073 23,956

Nauru Settlement 2,309 6,108

Multilateral Debt Relief Initiative 30,543 31,210

Total 492,252 477,815

Fair value through profit or loss:

Multilateral contributions payable

International Development Association 410,872 528,752

Asian Development Fund 487,170 182,548

Total 898,042 711,300

Carrying amount of financial liabilities 1,635,823 1,447,183

311


04


2013 2012

$'000 $'000

Note 22B: Net income and expense from financial assets

Loans and receivables

Interest revenue 7,445 6,287

Concessional costs for loans (29,751) (37,104)

Net (loss) loans and receivables (22,306) (30,817)

Available for sale

Gains recognised in profit or loss for reversal of impairment 216,769 269,853

Net gain available for sale 216,769 269,853

Net gain from financial assets 194,463 239,036

Note 22C: Net income and expense from financial liabilities

Financial liabilities – at amortised cost

Net exchange (loss) (5,659) (5,461)

Net (loss) financial liabilities – at amortised cost (5,659) (5,461)

Fair value through profit or loss

Held for trading:

Unwinding (35,556) (68,241)

(Loss) on remeasuring at fair value through profit or loss (380,827) (95,398)

Gains recognised in income 4,425 1

Net (loss) at fair value through profit or loss (411,958) (163,638)

Net (loss) from financial liabilities (417,617) (169,099)

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CH

Aust

ralia

n Ag

ency

for I

nter

natio

nal D

evel

opm

ent

NO

TES

TO A

ND

FO

RM

ING

PAR

T O

F TH

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NAN

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L ST

ATEM

ENTS

N

ote

22D

: Fai

r val

ue o

f fin

anci

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stru

men

ts

C

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ing

Car

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g Fa

ir F

air

am

ount

am

ount

va

lue

valu

e

20

13

2012

20

13

2012

$'

000

$'00

0 $'

000

$'00

0

Fina

ncia

l ass

ets

Oth

er r

ece

ivab

les

(net

)

1,

988

89

0

1,98

8

890

Loan

s re

ceiv

able

10

1,04

3

80,4

47

101,

043

80

,447

Inve

stm

ents

– a

vaila

ble

for

sale

1,

493,

609

1,

270,

513

1,

493,

609

1,

270,

513

To

tal

1,59

6,64

0 1,

351,

850

1,59

6,64

0 1,

351,

850

Fina

ncia

l lia

bilit

ies

Gra

nts

paya

ble

– at

fair

valu

e th

roug

h pr

ofit

or lo

ss

49

2,25

2

477,

815

49

2,25

2

477,

815

Oth

er p

ayab

les

– at

am

ortis

ed c

osts

24

5,52

9

258,

068

24

5,52

9

258,

068

Oth

er p

ayab

les

– at

fair

valu

e th

roug

h pr

ofit

or lo

ss

89

8,04

2

711,

300

89

8,04

2

711,

300

To

tal

1,63

5,82

3 1,

447,

183

1,63

5,82

3 1,

447,

183

313


04

CH

Aust

ralia

n Ag

ency

for I

nter

natio

nal D

evel

opm

ent

NO

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FO

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PAR

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NAN

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Fair

valu

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rem

ents

cat

egor

ised

by

fair

valu

e hi

erar

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The

follo

win

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ble

prov

ides

an

anal

ysis

of f

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inst

rum

ents

that

are

mea

sure

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fair

valu

e, b

y va

luat

ion

met

hod.

The

diff

eren

t lev

els

are

defin

ed b

elow

:

Leve

l 1: f

air

valu

e ob

tain

ed fr

om u

nadj

uste

d qu

ote

pric

es in

act

ive

mar

kets

for

iden

tical

inst

rum

ents

Leve

l 2: f

air

valu

e de

rived

from

inpu

ts o

ther

than

quo

ted

pric

es in

clud

ed w

ithin

leve

l 1 th

at a

re o

bser

vabl

e fo

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e in

stru

men

t, ei

ther

dire

ctly

or

indi

rect

ly.

Leve

l 3: f

air

valu

e de

rived

from

inpu

ts th

at a

re n

ot b

ased

on

obse

rvab

le m

arke

t dat

a.

Fair

valu

e hi

erar

chy

for f

inan

cial

ass

ets

Leve

l 1

Leve

l 2

Leve

l 3

Tota

l

2013

20

12

2013

20

12

2013

20

12

2013

20

12

$'

000

$'00

0 $'

000

$'00

0 $'

000

$'00

0 $'

000

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0

Fina

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l ass

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at fa

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Non

-mon

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y av

aila

ble

for

sale

deb

t ins

trum

ent

– fa

ir va

lue

–

–

–

–

1,49

3,60

9

1,27

0,51

3

1,49

3,60

9 1,

270,

513

Tota

l –

–

– –

1,49

3,60

9 1,

270,

513

1,49

3,60

9 1,

270,

513

Aus

AID

hol

ds th

e ‘a

vaila

ble

for s

ale’

fina

ncia

l ass

ets

on b

ehal

f of t

he A

ustra

lian

Gov

ernm

ent f

or p

olic

y re

ason

s an

d th

ere

is n

o in

tent

ion

to tr

ade

thes

e as

sets

.

Fair

valu

e hi

erar

chy

for f

inan

cial

liab

ilitie

s

Le

vel 1

Le

vel 2

Le

vel 3

To

tal

20

13

2012

20

13

2012

20

13

2012

20

13

2012

$'

000

$'00

0 $'

000

$'00

0 $'

000

$'00

0 $'

000

$'00

0

Fina

ncia

l lia

bilit

ies

at fa

ir va

lue

Gra

nts

paya

bles

and

oth

er p

ayab

les

– at

fair

valu

e

thro

ugh

prof

it or

loss

–

–

1,

390,

294

1,

189,

115

–

–

1,

390,

294

1,18

9,11

5

Tota

l –

– 1,

390,

294

1,18

9,11

5 –

– 1,

390,

294

1,18

9,11

5

314

AN

NU

AL

REP

OR

T 2

012–

13A

ustr

alia

n A

genc

y fo

r Int

erna

tion

al D

evel

opm

ent

04


Reconciliation of level 3 fair value hierarchy for financial assets

Non-monetary available for sale debt instrument -

fair value 2013 2012

$'000 $'000

Opening balance 1,270,513 991,054

Reversals of impairment on financial instrument –

'available for sale' financial asset 216,769 269,853

Purchases of non-monetary available for sale debt

instrument fair value 6,327 9,606

Closing balance 1,493,609 1,270,513

Gains recognised in profit or loss for reversal of

impairment 216,769 269,853

Note 22E: Credit risk

Credit risk is the possibility that a debtor will not repay all or a portion of a loan or will not repay in a timely

manner and will therefore cause a loss to AusAID. AusAID has exposure to concentrations of credit risk with

regard to the ‘loan receivable’ and the ‘non-monetary available for sale debt instrument at fair value’. The maximum exposure AusAID has to credit risk at reporting date in relation to each class of recognised financial

assets is the carrying amount of those assets as indicated in the schedule of administered assets and liabilities.

The following table illustrates the entity's gross exposure to credit risk, excluding any collateral or credit

enhancements.

2013 2012

$'000 $'000

Financial assets

Other receivables (net) 1,988 890


Available for sale 1,493,609 1,270,513

Total financial assets 1,596,640 1,351,850


At amortised cost 245,529 258,068

Through profit or loss 1,390,294 1,189,115

Total financial liabilities 1,635,823 1,447,183

315


04


Credit quality of financial instruments not past due or individually determined as impaired

Not past due nor

impaired

Not past

due nor

impaired

Past due or

impaired

Past due

or

impaired

2013 2012 2013 2012

$'000 $'000 $'000 $'000

Other receivables (net) 183 91 2,004 991

Loan receivable 101,043 80,447 – –

Available for sale 1,493,609 1,270,513 – –

Total 1,594,835 1,351,051 2,004 991

Ageing of financial assets that were past due but not impaired for 2013 0 to 30 31 to 60 61 to 90 90+ days days days days Total $'000 $'000 $'000 $'000 $'000 Other receivables (net) 592 169 13 1,031 1,805 Total 592 169 13 1,031 1,805


0 to 30 31 to 60 61 to 90 90+

days days days days Total

$'000 $'000 $'000 $'000 $'000

Other receivables (net) – – 2 797 799

Total – – 2 797 799

Note 22F: Liquidity risk

The continued existence of AusAID in its present form and with its present programs is dependent on

government policy and on continuing appropriations by Parliament for the agency’s administration and

programs. The probability of the government encountering difficulties meeting its administered financial

obligations is less than remote.

Maturities for non-derivative financial liabilities 2013 On Within 1 1 to 5 > 5 demand year years years Total $'000 $'000 $'000 $'000 $'000 Financial liabilities – 522,627 1,076,616 36,580 1,635,823 Total – 522,627 1,076,616 36,580 1,635,823


On Within 1 1 to 5 > 5

demand year years years Total

$'000 $'000 $'000 $'000 $'000

Financial liabilities – 516,048 731,683 199,452 1,447,183

Total – 516,048 731,683 199,452 1,447,183

316

AN

NU

AL

REP

OR

T 2

012–

13A

ustr

alia

n A

genc

y fo

r Int

erna

tion

al D

evel

opm

ent

04


Note 22G: Market risk

Market risk is defined as the risk that the fair value or future cash flows of a financial instrument will fluctuate

because of changes in market prices. Market risk comprises the following types of risk, either alone or in

combination: interest rate risk, sovereign risk and liquidity risk (for the purposes of discounting the future value

of the non-monetary ‘available for sale’ debt instrument); currency risk (for the purposes of converting to Australian dollars the discounted United States dollar value of the non-monetary ‘available for sale’ debt instrument); and the 10-year government bond rate (for the purposes of discounting future liabilities relating to

multilateral loan and grant commitments). The following sensitivity analysis discloses the effect that a

reasonable possible change in each risk variable, either alone, or in total, would have on AusAID’s administered income and expenses.

Sensitivity analysis of the risk that the entity is exposed to for 2013

Effect on

Risk Change in risk

Profit and

variable variable loss Equity $'000 $'000 Currency risk $/USD 15.00% (194,819) (194,819) $/USD -15.00% 263,578 263,578 Interest rate risk * 1.40% 63,881 63,881 * -1.40% (83,979) (83,979) Sensitivity analysis of the risk that the entity is exposed to for 2012

Effect on

Risk

Change in

risk Profit and

variable variable loss Equity

$'000 $'000

Currency risk $/USD 15.00% (165,719) (165,719)

$/USD -15.00% 224,208 224,208

Interest rate risk * 1.40% 51,072 51,072

* -1.40% (67,783) (67,783)

* Reflects a combination of variables in rates outlined above. Note 23: Administered financial assets reconciliation 2013 2012

$'000 $'000

Financial assets Notes

Total financial assets per schedule of administered assets and

liabilities 1,635,590 1,404,560

Less: non-financial instrument components

GST receivable from the Australian Taxation Office 17B 14,379 13,428

Total non-financial instrument components 14,379 13,428

Total financial assets as per financial instruments note 22A 1,621,211 1,391,132

317


04


Note 24: Administered contingent assets and liabilities

Quantifiable administered contingencies

As at 30 June 2013 (2012: nil) AusAID did not have any quantifiable administered contingencies.

Unquantifiable administered contingencies

As at 30 June 2013 (2012: nil) AusAID did not have any unquantifiable administered contingencies.

318

AN

NU

AL

REP

OR

T 2

012–

13A

ustr

alia

n A

genc

y fo

r Int

erna

tion

al D

evel

opm

ent

04

CH

Aust

ralia

n Ag

ency

for I

nter

natio

nal D

evel

opm

ent

NO

TES

TO A

ND

FO

RM

ING

PAR

T O

F TH

E FI

NAN

CIA

L ST

ATEM

ENTS

N

ote

25: A

ppro

pria

tions

TA

BLE

A: A

nnua

l app

ropr

iatio

ns ('

reco

vera

ble

GST

exc

lusi

ve')

20

13 a

ppro

pria

tions

Ap

prop

riatio

n ap

plie

d in

201

3 (c

urre

nt a

nd

prio

r yea

rs)

Appr

opria

tion

Act

FMA

Act

Tota

l ap

prop

riatio

n

An

nual

Ap

prop

riatio

n Ap

prop

riatio

ns

redu

ced1

AFM

Se

ctio

n 30

Se

ctio

n 31

Se

ctio

n 32

Va

rianc

e2

$'00

0 $'

000

$'00

0 $'

000

$'00

0 $'

000

$'00

0 $'

000

$'00

0 DE

PAR

TMEN

TAL

Ord

inar

y an

nual

ser

vice

s ⁴

324,

191

–

– –

19,2

52

– 34

3,44

3

319,

817

23

,626

E

quity

15

,123

–

– –

– –

15,1

23

15,1

23

– To

tal d

epar

tmen

tal

339,

314

– –

– 19

,252

–

358,

566

334,

940

23,6

26

ADM

INIS

TERE

D

Ord

inar

y an

nual

ser

vice

s 3,

5

Adm

inis

tere

d ite

ms4

4,20

7,19

8 (3

66,8

91)

– 16

,844

–

– 3,

857,

151

3,88

4,41

0 (2

7,25

9)

Adm

inis

tere

d as

sets

and

liab

ilitie

s 50

7,38

4 –

– –

– –

507,

384

171,

509

335,

875

Tota

l adm

inis

tere

d 4,

714,

582

(366

,891

) –

16,8

44

– –

4,36

4,53

5 4,

055,

919

308,

616

Note

s:

1. A

ppro

pria

tions

red

uced

und

er A

ppro

pria

tion

Act

s (N

o. 1

, 3,

5) 2

012–

13:

sect

ions

10,

11,

12

and

15 a

nd u

nder

App

ropr

iatio

n A

cts

(No.

2,

4, 6

) 20

12–1

3: s

ectio

ns 1

2, 1

3, 1

4 an

d 17

. D

epar

tmen

tal

appr

opria

tions

do

not

laps

e at

fina

ncia

l yea

r en

d. H

owev

er,

the

resp

onsi

ble

min

iste

r m

ay d

ecid

e th

at p

art

or a

ll of

a d

epar

tmen

tal a

ppro

pria

tion

is n

ot r

equi

red

and

requ

est t

he F

inan

ce M

inis

ter

to r

educ

e th

at

appr

opria

tion.

The

red

uctio

n in

the

appr

opria

tion

is e

ffect

ed b

y th

e F

inan

ce M

inis

ter's

det

erm

inat

ion

and

is d

isal

low

able

by

Par

liam

ent.

As

with

dep

artm

enta

l app

ropr

iatio

ns, t

he r

espo

nsib

le m

inis

ter

may

dec

ide

that

par

t or

all o

f an

adm

inis

tere

d ap

prop

riatio

n is

not

req

uire

d an

d re

ques

t tha

t the

Fin

ance

Min

iste

r re

duce

that

app

ropr

iatio

n. F

or

adm

inis

tere

d ap

prop

riatio

ns r

educ

ed u

nder

s11

of t

he A

ppro

pria

tions

Act

s (N

os.

1, 3

and

5)

2012

–13

and

Sec

tion

12 o

f App

ropr

iatio

n A

cts

(Nos

. 2,

4 a

nd 6

), t

he a

ppro

pria

tion

is t

aken

to

be r

educ

ed t

o th

e

requ

ired

amou

nt s

peci

fic in

tab

le D

of t

his

note

onc

e th

e an

nual

rep

ort

is t

able

d in

Par

liam

ent.

All

adm

inis

tere

d ap

prop

riatio

ns m

ay b

e ad

just

ed b

y a

Fina

nce

Min

iste

r’s d

eter

min

atio

n, w

hich

is d

isal

low

able

by

Par

liam

ent.

2. V

aria

nces

in a

ppro

pria

tion

may

res

ult f

rom

usi

ng p

rior

year

non

-laps

ed a

ppro

pria

tions

to

fund

ope

ratin

g an

d ca

pita

l exp

endi

ture

incu

rred

in t

he c

urre

nt f

inan

cial

yea

r. V

aria

nces

may

als

o re

sult

whe

re

oblig

atio

ns e

xist

in t

he c

urre

nt fi

nanc

ial y

ear

and

thos

e ob

ligat

ions

are

not

set

tled

by fi

nanc

ial y

ear

end.

3. I

n 20

12-1

3, a

form

al r

educ

tion

of $

0.04

2 m

illio

n w

as m

ade

to t

he 2

012

-13

depa

rtm

enta

l app

ropr

iatio

n (in

acc

orda

nce

with

FM

O D

iv 1

01)

but

at la

w t

he a

ppro

pria

tions

had

not

bee

n am

ende

d be

fore

the

end

of th

e re

port

ing

perio

d.

4. C

omsu

per

spen

ds m

oney

fro

m th

e C

onso

lidat

ed R

even

ue F

und

on b

ehal

f of

Aus

AID

in a

ccor

danc

e w

ith t

he P

apua

New

Gui

nea

(Sta

ffing

Ass

ista

nce)

Act

197

3.

5. T

he a

nnua

l app

ropr

iatio

n an

d ap

prop

riatio

n ap

plie

d in

201

3 al

so in

clud

e an

am

ount

for

depa

rtm

enta

l cap

ital b

udge

ts a

nd a

dmin

iste

red

capi

tal b

udge

ts w

hich

are

dis

clos

ed in

tab

le B

.

319


04

CH

Aust

ralia

n Ag

ency

for I

nter

natio

nal D

evel

opm

ent

NO

TES

TO A

ND

FO

RM

ING

PAR

T O

F TH

E FI

NAN

CIA

L ST

ATEM

ENTS

TAB

LE A

: Ann

ual a

ppro

pria

tions

('re

cove

rabl

e G

ST e

xclu

sive

') co

ntin

ued

20

12 a

ppro

pria

tions

Ap

prop

riatio

n ap

plie

d in

201

2 (c

urre

nt a

nd

prio

r yea

rs)

Varia

nce2

Ap

prop

riatio

n Ac

t FM

A Ac

t

Tota

l ap

prop

riatio

n

Annu

al

Appr

opria

tion

Appr

opria

tions

re

duce

d1 AF

M

Sect

ion

30

Sect

ion

31

Sect

ion

32

$'

000

$'00

0 $'

000

$'00

0 $'

000

$'00

0 $'

000

$'00

0 $'

000

DEPA

RTM

ENTA

L

Ord

inar

y an

nual

ser

vice

s ⁴

278,

475

–

– –

16,9

61

– 29

5,43

6

295,

248

18

8

Equ

ity

15,7

80

– –

– –

– 15

,780

25

,667

(9

,887

)

Tota

l dep

artm

enta

l 29

4,25

5 –

– –

16,9

61

– 31

1,21

6 32

0,91

5 (9

,699

)

ADM

INIS

TERE

D

Ord

inar

y an

nual

ser

vice

s⁴

Adm

inis

tere

d ite

ms3

3,81

8,17

5 (4

,595

) –

10,3

93

– –

3,82

3,97

3 4,

003,

541

(179

,568

)

Adm

inis

tere

d as

sets

and

liab

ilitie

s 47

,902

–

– –

– –

47,9

02

128,

096

(80,

194)

Tota

l adm

inis

tere

d 3,

866,

077

(4,5

95)

– 10

,393

–

– 3,

871,

875

4,13

1,63

7 (2

59,7

62)

Note

s:

1. A

ppro

pria

tions

red

uced

und

er A

ppro

pria

tion

Act

s (N

o. 1

, 3,

5) 2

011–

12:

sect

ions

10,

11,

12

and

15 a

nd u

nder

App

ropr

iatio

n A

cts

(No.

2,

4, 6

) 20

11–1

2: s

ectio

ns 1

2, 1

3, 1

4 an

d 17

. D

epar

tmen

tal

appr

opria

tions

do

not

laps

e at

fina

ncia

l yea

r en

d. H

owev

er,

the

resp

onsi

ble

min

iste

r m

ay d

ecid

e th

at p

art

or a

ll of

a d

epar

tmen

tal a

ppro

pria

tion

is n

ot r

equi

red

and

requ

est t

he F

inan

ce M

inis

ter

to r

educ

e th

at

appr

opria

tion.

The

red

uctio

n in

the

appr

opria

tion

is e

ffect

ed b

y th

e F

inan

ce M

inis

ter's

det

erm

inat

ion

and

is d

isal

low

able

by

Par

liam

ent.

As

with

dep

artm

enta

l app

ropr

iatio

ns, t

he r

espo

nsib

le m

inis

ter

may

dec

ide

that

par

t or

all

of a

n ad

min

iste

red

appr

opria

tion

is n

ot r

equi

red

and

requ

est t

hat t

he F

inan

ce M

inis

ter

redu

ce th

at a

ppro

pria

tion.

For

adm

inis

tere

d ap

prop

riatio

ns r

educ

ed u

nder

s11

of t

he A

ppro

pria

tions

Act

s (N

os.

1, 3

and

5)

2011

–12

and

Sec

tion

12 o

f App

ropr

iatio

n A

cts

(Nos

. 2,

4 a

nd 6

), t

he a

ppro

pria

tion

is t

aken

to

be r

educ

ed t

o th

e

requ

ired

amou

nt s

peci

fic in

tab

le D

of t

his

note

onc

e th

e an

nual

rep

ort

is t

able

d in

Par

liam

ent.

All

adm

inis

tere

d ap

prop

riatio

ns m

ay b

e ad

just

ed b

y a

Fina

nce

Min

iste

r’s d

eter

min

atio

n, w

hich

is d

isal

low

able

by

Par

liam

ent.

2. V

aria

nces

in a

ppro

pria

tion

may

res

ult f

rom

usi

ng p

rior

year

non

-laps

ed a

ppro

pria

tions

to

fund

ope

ratin

g an

d ca

pita

l exp

endi

ture

incu

rred

in t

he c

urre

nt f

inan

cial

yea

r. V

aria

nces

may

als

o re

sult

whe

re

oblig

atio

ns e

xist

in t

he c

urre

nt fi

nanc

ial y

ear

and

thos

e ob

ligat

ions

are

not

set

tled

by fi

nanc

ial y

ear

end.

3. C

omsu

per

spen

ds m

oney

fro

m th

e C

onso

lidat

ed R

even

ue F

und

on b

ehal

f of

Aus

AID

in a

ccor

danc

e w

ith t

he P

apua

New

Gui

nea

(Sta

ffing

Ass

ista

nce)

Act

197

3.

4. T

he a

nnua

l app

ropr

iatio

n an

d ap

prop

riatio

n ap

plie

d in

201

3 al

so in

clud

e an

am

ount

for

depa

rtm

enta

l cap

ital b

udge

ts a

nd a

dmin

iste

red

capi

tal b

udge

ts w

hich

are

dis

clos

ed in

tab

le B

.

320

AN

NU

AL

REP

OR

T 2

012–

13A

ustr

alia

n A

genc

y fo

r Int

erna

tion

al D

evel

opm

ent

04

CH

Aust

ralia

n Ag

ency

for I

nter

natio

nal D

evel

opm

ent

NO

TES

TO A

ND

FO

RM

ING

PAR

T O

F TH

E FI

NAN

CIA

L ST

ATEM

ENTS

TAB

LE B

: Dep

artm

enta

l and

adm

inis

tere

d ca

pita

l bud

gets

('re

cove

rabl

e G

ST e

xclu

sive

')

20

13 c

apita

l bud

get a

ppro

pria

tions

Ca

pita

l bud

get a

ppro

pria

tions

app

lied

in

2013

(cur

rent

and

prio

r yea

rs)

Varia

nce

A

pp

rop

riat

ion

Act

F

MA

Act

Tota

l cap

ital

budg

et

appr

opria

tions

Paym

ents

for

non-

finan

cial

as

sets

(3)

Paym

ents

fo

r oth

er

purp

oses

To

tal

paym

ents

Annu

al c

apita

l bu

dget

Ap

prop

riatio

ns

redu

ced(2

) Se

ctio

n 32

$'00

0 $'

000

$'00

0 $'

000

$'00

0 $'

000

$'00

0 $'

000

DEPA

RTM

ENTA

L

Ord

inar

y an

nual

ser

vice

s

C

apita

l bud

get ¹

7,39

0

– –

7,39

0

7,39

0

– 7,

390

–

AD

MIN

ISTE

RED

Ord

inar

y an

nual

ser

vice

s

Cap

ital b

udge

t ¹

2,46

1 –

– 2,

461

1,45

8 –

1,45

8 1,

003

Not

es:

1.

Dep

artm

enta

l and

adm

inis

tere

d ca

pita

l bud

gets

are

app

ropr

iate

d th

roug

h A

ppro

pria

tion

Act

s (N

o. 1

, 3,

5).

The

y fo

rm p

art o

f ord

inar

y an

nual

ser

vice

s an

d ar

e no

t sep

arat

ely

iden

tifie

d in

the

App

ropr

iatio

n A

cts.

For

mor

e in

form

atio

n on

ord

inar

y an

nual

ser

vice

s ap

prop

riatio

n, s

ee t

able

A:

annu

al a

ppro

pria

tions

.

2.

App

ropr

iatio

ns a

re r

educ

ed u

nder

App

ropr

iatio

n A

cts

(No.

1,

3, 5

) 20

12–1

3: s

ectio

ns 1

0, 1

1, 1

2 an

d 15

or

via

a de

term

inat

ion

by th

e F

inan

ce M

inis

ter.

3.

Pay

men

ts m

ade

on n

on-f

inan

cial

ass

ets

incl

ude

purc

hase

of

asse

ts, e

xpen

ditu

re o

n as

sets

whi

ch h

as b

een

capi

talis

ed, c

osts

incu

rred

to

mak

e go

od a

n a

sset

to

its o

rigin

al c

ondi

tion,

and

the

cap

ital

repa

ymen

t com

pone

nt o

f fin

ance

leas

es.

321


04

CH

Aust

ralia

n Ag

ency

for I

nter

natio

nal D

evel

opm

ent

NO

TES

TO A

ND

FO

RM

ING

PAR

T O

F TH

E FI

NAN

CIA

L ST

ATEM

ENTS

TAB

LE B

: Dep

artm

enta

l and

adm

inis

tere

d ca

pita

l bud

gets

('re

cove

rabl

e G

ST e

xclu

sive

') co

ntin

ued

20

12 c

apita

l bud

get a

ppro

pria

tions

Ca

pita

l bud

get a

ppro

pria

tions

app

lied

in

2012

(cur

rent

and

prio

r yea

rs)

Varia

nce

A

pp

rop

riat

ion

Act

F

MA

Act

Tota

l cap

ital

budg

et

appr

opria

tions

Paym

ents

for

non-

finan

cial

as

sets

(3)

Paym

ents

fo

r oth

er

purp

oses

To

tal

paym

ents

Annu

al c

apita

l bu

dget

Ap

prop

riatio

ns

redu

ced(2

) Se

ctio

n 32

$'00

0 $'

000

$'00

0 $'

000

$'00

0 $'

000

$'00

0 $'

000

DEPA

RTM

ENTA

L

O

rdin

ary

annu

al s

ervi

ces

Oth

er s

ervi

ces

Cap

ital b

udge

t ¹

3,74

8

–

–

3,74

8

3,74

8

– 3,

748

–

ADM

INIS

TERE

D

Ord

inar

y an

nual

ser

vice

s

Cap

ital b

udge

t ¹

2,20

9 –

– 2,

209

1,85

6 –

1,85

6 35

3 N

otes

:

1.

Dep

artm

enta

l and

adm

inis

tere

d ca

pita

l bud

gets

are

app

ropr

iate

d th

roug

h A

ppro

pria

tion

Act

s (N

o. 1

, 3,

5).

The

y fo

rm p

art o

f ord

inar

y an

nual

ser

vice

s an

d ar

e no

t sep

arat

ely

iden

tifie

d in

the

App

ropr

iatio

n A

cts.

For

mor

e in

form

atio

n on

ord

inar

y an

nual

ser

vice

s ap

prop

riatio

n, s

ee t

able

A:

annu

al a

ppro

pria

tions

.

2.

App

ropr

iatio

ns r

educ

ed u

nder

App

ropr

iatio

n A

cts

(No.

1, 3

, 5)

2011

–12:

sec

tions

10,

11,

12

and

15 o

r vi

a a

dete

rmin

atio

n by

the

Fin

ance

Min

iste

r.

3.

Pay

men

ts m

ade

on n

on-f

inan

cial

ass

ets

incl

ude

purc

hase

of

asse

ts, e

xpen

ditu

re o

n as

sets

whi

ch h

as b

een

capi

talis

ed, c

osts

incu

rred

to

mak

e go

od a

n a

sset

to

its o

rigin

al c

ondi

tion,

and

the

cap

ital

repa

ymen

t com

pone

nt o

f fin

ance

leas

es.

322

AN

NU

AL

REP

OR

T 2

012–

13A

ustr

alia

n A

genc

y fo

r Int

erna

tion

al D

evel

opm

ent

04


TABLE C: Unspent annual appropriations ('recoverable GST exclusive')

Authority 2013 2012

$'000 $'000

Appropriation Act (No. 1) 2008–09 – 3,338





Appropriation Act (No. 3) 2011–12 – 400

Appropriation Act (No. 1) 2012–13 81,222 – Appropriation Act (No. 3) 2012–13 4,516 – Cash at the official public account 1,016 336

Total 86,754 58,401 Appropriation Act (No. 1) 2004–05* 53,748 126,123

Appropriation Act (No. 1) 2006–07* 7,475 67,953


Appropriation Act (No. 2) 2007–08* 1,376 59




Appropriation Act (No. 1) 2009–10* 337 4,462

Appropriation Act (No. 1) 2010–11 65,592 176,171





Appropriation Act (No. 2) 2011–12 3 2

Appropriation Act (No. 1) 2012–13 645,619 –

Appropriation Act (No. 2) 2012–13 503,414 –

Cash at the official public account 24,571 39,067

Total 2,292,510 1,621,597

*On 1 July 2013, the Statute Stocktake (Appropriations) Act 2013 repealed a number of old annual Appropriation Acts to remove them from the statue books. The impact of this legislation on AusAID has been to repeal unspent annual administered appropriations for 2009–10 and previous financial years. The total amount of appropriations repealed is $469.719 million.

These appropriations were provided to make payments for multi-year grants and contributions and were appropriated for the total value of each agreement in the year the agreement was entered into. The unspent amount of these appropriations represent the value of the remaining payments scheduled under each agreement after 30 June 2013.

It is anticipated these amounts will be re-appropriated through the next budget process.

323


04

CH

Aust

ralia

n Ag

ency

for I

nter

natio

nal D

evel

opm

ent

NO

TES

TO A

ND

FO

RM

ING

PAR

T O

F TH

E FI

NAN

CIA

L ST

ATEM

ENTS

Tabl

e 25

D: R

educ

tion

in a

dmin

iste

red

item

s ('r

ecov

erab

le G

ST e

xclu

sive

')

2013

Am

ount

requ

ired3 b

y

Appr

opria

tion

Act

Amou

nts

requ

ired3 a

s

repr

esen

ted

by

Tota

l am

ount

re

quire

d3 To

tal a

mou

nt

appr

opria

ted4

Tota

l red

uctio

n5 O

rdin

ary

annu

al s

ervi

ces

Act (

No.1

) Ac

t (No

.3)

Spen

t Re

tent

ion

$

$ $

$ $

$ $

Out

com

e 1

3,84

0,30

6,60

6.17

0.

00

3,56

2,16

3,36

0.34

27

8,14

3,24

5.83

3,

840,

306,

606.

17

4,20

7,19

8,00

0.00

36

6,89

1,39

3.83

O

utco

me

2 0.

00

0.00

0.

00

0.00

0.

00

0.00

0.

00

Adm

inis

tere

d as

sets

and

liab

ilitie

s Ac

t (No

.2)

Act (

No.4

)

$

$

Ass

ets

and

liabi

litie

s 50

7,38

4,00

0.00

0.

00

3,97

0,44

1.00

50

3,41

3,55

9.00

50

7,38

4,00

0.00

50

7,38

4,00

0.00

0.

00

Not

es:

1. N

umbe

rs in

this

sec

tion

of th

e ta

ble

mus

t be

dis

clos

ed to

the

cen

t.

2. A

dmin

iste

red

item

s fo

r 20

12–

13 w

ere

redu

ced

to th

ese

amou

nts

whe

n th

ese

finan

cial

sta

tem

ents

wer

e ta

bled

in P

arlia

men

t as

part

of th

e ag

ency

’s 2

012–

13 a

nnua

l rep

ort.

Thi

s re

duct

ion

is e

ffec

tive

in

2013

–14,

but

the

amou

nts

are

refle

cted

in t

able

A in

the

2012

–13

finan

cial

sta

tem

ents

in th

e co

lum

n 'a

ppro

pria

tions

red

uced

' as

they

are

adj

ustm

ents

to 2

012–

13 a

ppro

pria

tions

.

3. A

mou

nt r

equi

red

as p

er A

ppro

pria

tion

Act

(A

ct 1

s.

11; A

ct 2

s. 1

2).

4. T

otal

am

ount

app

ropr

iate

d in

201

2–13

.

5. T

otal

red

uctio

n ef

fect

ive

in 2

013–

14.

324

AN

NU

AL

REP

OR

T 2

012–

13A

ustr

alia

n A

genc

y fo

r Int

erna

tion

al D

evel

opm

ent

04

CH

Aust

ralia

n Ag

ency

for I

nter

natio

nal D

evel

opm

ent

NO

TES

TO A

ND

FO

RM

ING

PAR

T O

F TH

E FI

NAN

CIA

L ST

ATEM

ENTS

2012

Am

ount

requ

ired3 –

by

Ap

prop

riatio

n Ac

t Am

ount

s re

quire

d3 – a

s

repr

esen

ted

by

Tota

l am

ount

re

quire

d3 To

tal a

mou

nt

appr

opria

ted4

Tota

l red

uctio

n5 O

rdin

ary

Annu

al S

ervi

ces

Act (

No.1

) Ac

t (No

.3)

Spen

t Re

tent

ion

$

$ $

$ $

$ $

Out

com

e 1

3,76

5,58

1,00

0.00

47

,999

,410

.91

3,

807,

392,

807.

98

6,18

7,60

2.93

3,

813,

580,

410.

91

3,81

8,17

5,00

0.00

4,

594,

589.

09

Out

com

e 2

0.00

0.

00

0.0

0 0.

00

0.00

0

.00

0.0

0

Adm

inis

tere

d As

sets

and

Lia

bilit

ies

Act (

No.2

) Ac

t (No

.4)

$

$

Ass

ets

and

liabi

litie

s 47

,90

3,00

0.00

0

.00

47,9

00,2

36.0

0

2,76

4.00

47

,903

,000

.00

47

,903

,000

.00

0

.00

Not

es:

1. N

umbe

rs in

this

sec

tion

of th

e ta

ble

mus

t be

dis

clos

ed to

the

cent

.

2. A

dmin

iste

red

item

s fo

r 20

11–

12 w

ere

redu

ced

to t

hese

am

ount

s w

hen

thes

e fin

anci

al s

tate

men

ts w

ere

tabl

ed in

Par

liam

ent

as p

art

of th

e ag

ency

's 2

011–

12 a

nnua

l rep

ort.

Thi

s re

duct

ion

is e

ffec

tive

in

2012

–13,

but

the

amou

nts

are

refle

cted

in T

able

A in

the

201

0–11

fina

ncia

l sta

tem

ents

in th

e co

lum

n 'A

ppro

pria

tions

red

uced

' as

they

are

adj

ustm

ents

to 2

011–

12 a

ppro

pria

tions

.

3. A

mou

nt r

equi

red

as p

er A

ppro

pria

tion

Act

(A

ct 1

s.

11; A

ct 2

s. 1

2).

4. T

otal

am

ount

app

ropr

iate

d in

201

1–12

.

5. T

otal

red

uctio

n ef

fect

ive

in 2

012–

13.

325


04


Note 26: Compliance with statutory conditions for payment from the consolidated revenue fund

Section 83 of the Constitution requires that no money is to be drawn from the consolidated revenue fund except under an

appropriation made by law. The Department of Finance and Deregulation provided information to all agencies in 2011

regarding the need for risk assessments in relation to compliance with statutory conditions on payments from special

appropriations including special accounts. AusAID conducted a risk assessment and reported the outcome in note 27 to

the 2011–12 financial statements.

The risk assessment identified instances where overpayment occurred with regard to the conditions of the Papua New

Guinea (Staffing Assistance) Act 1973 and its subsidiary regulations. Payments under this Act are made by Comsuper

under a third party drawing right from AusAID’s annual administered appropriation. The overpayments were incurred in

respect of superannuation payments to deceased beneficiaries prior to Comsuper being notified of the deaths.

Amendments were made to the Act on 14 March 2013 to provide authorisations for Comsuper to make ‘recoverable death payments’ until Comsuper is notified of a benefit recipient’s death. These amendments were reflected through the

Financial Framework Legislation Amendment (No.1) Act 2013.

As at 30 June 2013, AusAID and Comsuper had completed all remedial actions arising from their risk assessments. The

following overpayments were identified prior to enactment of amendments to the Papua New Guinea (Staffing

Assistance) Act 1973:

1 July 2012 to 14 March 2013

Number Value $’000

Recovered $’000

Identified breaches 6 6 4

During 2012–13 additional legal advice was received that indicated there could be breaches of section 83 under certain

circumstances with payments for long service leave, goods and services tax and payments under determinations from

the Remuneration Tribunal. AusAID will review its processes and controls over payments for these items to minimise the

possibility for future breaches as a result of these payments. AusAID has determined that there is a low risk of the certain

circumstances mentioned in the legal advice applying to the agency.

326

AN

NU

AL

REP

OR

T 2

012–

13A

ustr

alia

n A

genc

y fo

r Int

erna

tion

al D

evel

opm

ent

04


Note 27: Special accounts Note 27A: Special accounts ('recoverable GST exclusive')

Australian–Indonesia Partnership for

Reconstruction and Development

(Grants) Special Account1

Australian–Indonesia Partnership for

Reconstruction and Development (Loans)

Special Account2

2013 2012 2013 2012

$'000 $'000 $'000 $'000

Balance brought forward from previous period 3,787 4,141 120,513 168,696

Increases

Other receipts – – – –

Total increase – – – –

Available for payments 3,787 4,141 120,513 168,696

Decreases:

Administered

Payments made to suppliers – (354) (42,918) (48,183)

Transfers to consolidated revenue fund (3,787) – – –

Total Administered decreases (3,787) (354) (42,918) (48,183)

Total decrease (3,787) (354) (42,918) (48,183)

Balance carried to the next period – 3,787 77,595 120,513

Represented by Cash held in the official public account

– 3,787 77,595 120,513

1Account Name: Australian–Indonesia Partnership for Reconstruction and Development (Grants) Special Account (administered) Establishing instrument: Financial Management and Accountability Act 1997; section 20.

Purpose: grants for relief, rehabilitation and reconstruction assistance to areas in the Republic of Indonesia

directly affected by the Tsunami and economic and social development assistance to all areas of the Republic of

Indonesia.

This account is non-interest bearing.

2Account Name: Australian–Indonesia Partnership for Reconstruction and Development (loans) special account (administered) Establishing instrument: Financial Management and Accountability Act 1997; section 20.

Purpose: loans for relief, rehabilitation and reconstruction assistance to areas in the Republic of Indonesia

directly affected by the Tsunami and economic and social development assistance to all areas of the Republic of

Indonesia.

This account is non-interest bearing.

327


04


Services for other entities and trust moneys – AusAID Special Account3

2013 2012

$'000 $'000

Balance brought forward from previous period 12,422 1,884

Increases:

Other receipts 8,669 20,752

Total increases 8,669 20,752

Available for payments 21,091 22,636

Decreases:

Administered

Payments made to suppliers (13,041) (10,214)

Total administered decreases (13,041) (10,214)

Total decrease (13,041) (10,214)

Balance carried to the next period 8,050 12,422

Represented by cash held in the official public account 8,050 12,422

3Account name: Services for other entities and trust moneys — AusAID special account (administered) Establishing Instrument: Financial Management and Accountability Act 1997; section 20.

Purpose: for expenditure of moneys temporarily held in trust or otherwise for the benefit of a person other than

the Commonwealth and for the expenditure in connection with services performed on behalf of other

governments and bodies that are not FMA agencies.

This account is non-interest bearing. Note 27B: Assets held in trust

Monetary assets

AusAID holds monetary assets in trust for other entities. The moneys are expended on services performed on

behalf of other governments and entities that are not FMA agencies. The funds are managed through the

Services for other entities and trust moneys – AusAID special account.

328

AN

NU

AL

REP

OR

T 2

012–

13A

ustr

alia

n A

genc

y fo

r Int

erna

tion

al D

evel

opm

ent

04


Note 28: Compensation and debt relief 2013 2012

$ $

Departmental

Act of Grace payments made under subsection 33(1) of the Financial

Management and Accountability Act 1997 – –

Waivers of amounts owing to the Australian Government made pursuant to

subsection 34(1) of the Financial Management and Accountability Act 1997 – –

Payments made under the Compensation and Detriment caused by Defective

Administration Scheme – –

Ex-gratia payments provided for the reporting period – –

Payments made in special circumstances relating to Australian Public Service

employment pursuant to section 73 of the Public Service Act 1999 – –

Administered

During the year, Comsuper made Act of Grace pension payments to former

AusAID employees covered by the Papua New Guinea Superannuation Scheme 98,971 97,218

Waivers of amounts owing to the Australian Government made pursuant to

subsection 34(1) of the Financial Management and Accountability Act 1997 – –

Payments made under the Compensation and Detriment caused by Defective

Administration Scheme – –

Ex-gratia payments provided for the reporting period – –

Payments made in special circumstances relating to Australian Public Service

employment pursuant to section 73 of the Public Service Act 1999 – –

329


04


Note 29: Reporting of outcomes Note 29A: Net cost of outcome delivery

Outcome 1 Outcome 2 Total 2013 2012 2013 2012 2013 2012

$'000 $'000 $'000 $'000 $'000 $'000

Departmental

Expenses 326,079 287,471 – – 326,079 287,471

Own-source income 699 826 – – 699 826

Administered

Expenses 4,229,325 3,977,145 29,751 37,104 4,259,076 4,014,249

Own-source income 260,045 326,417 7,429 6,270 267,474 332,687

Net cost of outcome delivery 4,294,660 3,937,373 22,322 30,834 4,316,982 3,968,207

Outcomes 1 and 2 are described in note 1.1. Net costs shown include intra-government costs that are eliminated in

calculating the actual budget outcome. Further details on income and expenditure against outcomes are included in the

resourcing table within the Annual Report.

Note 29B: Major classes of departmental expense, income, assets and liabilities by outcome

All departmental activities are reported against Outcome 1. Details of departmental expenses, income, assets and

liabilities for Outcome 1 are reported in the statement of comprehensive income and balance sheet.

330

AN

NU

AL

REP

OR

T 2

012–

13A

ustr

alia

n A

genc

y fo

r Int

erna

tion

al D

evel

opm

ent

04


Note 29C: Major classes of administered expenses, income, assets, and liabilities by outcomes Outcome 1 Outcome 2 Total 2013 2012 2013 2012 2013 2012

$'000 $'000 $'000 $'000 $'000 $'000

Administered expenses:

International development assistance 3,269,775 3,262,346 – – 3,269,775 3,262,346

Grants 535,048 543,181 – – 535,048 543,181

Other 424,502 171,618 29,751 37,104 454,253 208,722

Total 4,229,325 3,977,145 29,751 37,104 4,259,076 4,014,249

Administered income:

Interest 16 17 7,429 6,270 7,445 6,287

Return of prior year administered exp. 37,746 39,756 – – 37,746 39,756

Other gains 222 283 286 644 – – 222,283 286,644

Total 260,045 326,417 7,429 6,270 267,474 332,687

Administered assets

Cash and cash equivalents 24,571 39,282 – – 24,571 39,282

Loans and receivables 16,367 14,318 101,043 80,447 117,410 94,765

Investments 1,493,609 1,270,513 – – 1,493,609 1,270,513

Other non-financial assets 12,067 10,135 – – 12,067 10,135

Total 1,546,614 1,334,248 101,043 80,447 1,647,657 1,414,695

Administered liabilities

Grant payables 492,252 477,815 – – 492,252 477,815

Other payables 1,143,571 969,368 – – 1,143,571 969,368

Other provisions 11,400 8,001 – – 11,400 8,001

Total 1,647,223 1,455,184 – – 1,647,223 1,455,184

Note 30: Net cash appropriation arrangements 2013 2012

$'000 $'000

Total comprehensive income (loss) less depreciation/amortisation expenses previously funded through revenue appropriations1 7,563 (18)

Plus: depreciation/amortisation expenses previously funded through revenue

appropriation (15,088) (11,900)

Total comprehensive income (loss) – as per the statement of

comprehensive income (7,525) (11,918)

1. From 2010–11, the government introduced net cash appropriation arrangements, where revenue appropriations for

depreciation/amortisation expenses ceased. Entities now receive a separate capital budget provided through equity

appropriations.

chapter 4— financial statements · chapter 4— financial statements. 256 annual report 2012–13...

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