Navigation >> Home >> Financial statements

Financial statements

Introduction

This section reports on the financial performance of Customs during 2000-01. It includes an overview of this performance, together with a copy of the audited financial statements and accompanying notes.

Overview of financial statements

Agency Statements

The Statement of Financial Performance for Customs in 2000-01 reports a net operating surplus of $9.7 million ($14.9 million in 1999-2000).

Revenue for 2000-01 was $627.2 million, $46.3 million more than 1999-2000. This was mainly due to additional Section 31 revenue.

Expenditure for 2000-01 was $611.3 million which was $45.3 million more than 1999-2000. This was mainly due to increased employee costs and increased depreciation expenses arising from an increase in the gross value of assets.

The Statement of Financial Position for Customs in 2000-01 remained relatively constant at $112.5 million (in Equity) compared with $116.0 million for 1999-2000, with increases in non-financial assets offset by increased employee provisions and interest bearing leases.

Administered Statements

The Schedule of Administered Revenues and Expenses displays an increase in the net contribution to budget outcome from $4.494 billion (1999-2000) to $5.143 billion (2000-01). This increase is due to the increase in the value of exports resulting from the lower value of the Australian dollar.

The Schedule of Administered Assets and Liabilities displays a significant increase in Administered assets from $79.9 million (1999-2000) to $97.5 million (2000-01). This is due to increased collection of Customs Duty. Equity is also affected by a decrease in Liabilities from $19.7 million (1999-2000) to $18.7 million (2000-01) which resulted from a decrease in outstanding claims.

Statements

These documents are in Portable Document Format (PDF). The PDF document retains the layout and presentation of the original printed document and, as such, may be preferred if you intend to print the statements.

Acrobat Portable Document Format, or PDF, is a document format created by Adobe which is platform independent. To open, view and print PDF files, you will need Adobe Acrobat Reader, which is available free from the Adobe Web site.

If you are unable to access documents in PDF and would like to obtain a copy of the financial statements in an alternative format, please contact corporate.communication@customs.gov.au

• Australian National Audit Office audit report (51KB)
  
  
• Customs financial statements for the year ended 30 June 2001
  
  
  • Statement by the Chief Executive Officer and the Chief Financial Officer (17KB)
    
    
  • Agency statements (31KB)
    
    
  • Administered statements (26KB)
    
    
  • Notes to and forming part of the financial statements (186KB)
    

Back to top