AUSTRALIAN CUSTOMS SERVICE – STATEMENT OF FINANCIAL PERFORMANCE – for the year ended 30 June 2005
|
|
|
2005 |
2004 |
|
|
Notes |
$’000 |
$’000 |
Revenues from ordinary activities |
|
|
|
|
Revenues from Government |
4A |
758,296 |
591,554 |
|
Goods and services |
4B |
57,188 |
77,351 |
|
Interest |
4C |
1 |
- |
|
Revenue from sale of assets |
4D |
746 |
264 |
|
Other revenues |
4E |
145,984 |
137,572 |
|
Revenues from ordinary activities |
|
962,215 |
806,741 |
|
Expenses from ordinary activities (excluding borrowing costs expense) |
||||
Employees |
5A |
355,534 |
320,524 |
|
Suppliers |
5B |
537,345 |
447,106 |
|
Depreciation and amortisation |
5C |
29,880 |
28,198 |
|
Write-down and impairment of assets |
5D |
675 |
2,919 |
|
Value of assets sold |
4D |
592 |
314 |
|
Other expenses |
5E |
861 |
988 |
|
Expenses from ordinary activities (excluding borrowing cost expense) |
|
924,887 |
800,049 |
|
Borrowing costs expense |
6 |
246 |
557 |
|
Net surplus/(deficit) from ordinary activities |
|
37,082 |
6,135 |
|
Net credit / (debit) to asset revaluation reserve |
12 |
31 |
(2,148) |
|
Decrease in accumulated results on initial application of fair value under AASB 1041 Revaluation of Non-current Assets |
|
|
|
|
12 |
- |
(139) |
||
Total Revenues, Expenses and Valuation Adjustments Attributable to Member of the Parent Entity and Recognised Directly in Equity |
|
31 |
(2,287) |
|
Total Changes in Equity other than those resulting from transactions with the Australian Government as Owner |
|
37,113 |
3,848 |
|
Note: Due to specific disclosure requirements regarding Resources Received Free of Charge (RRFOC) from related entities, RRFOC received from Defence has been classified as ‘Other revenues’. Previously, this was classified under ‘Revenues from Government’. Figures in 2003–04 (designated in Italics) have been re-classified for a more meaningful comparison with figures in 2004–05.
The above statement should be read in conjunction with the accompanying notes.
AUSTRALIAN CUSTOMS SERVICE – STATEMENT OF FINANCIAL POSITION as at 30 June 2005
|
|
|
2005 |
2004 |
ASSETS |
|
Notes |
$’000 |
$’000 |
Financial Assets |
|
|
|
|
Cash |
7A |
18,024 |
24,097 |
|
Receivables |
7B |
93,021 |
23,176 |
|
Total Financial Assets |
|
|
111,045 |
47,273 |
Non-Financial Assets |
|
|
|
|
Land and buildings |
8A,C |
49,860 |
40,881 |
|
Infrastructure, plant and equipment |
8B,C |
70,658 |
81,692 |
|
Intangibles |
8D |
197,521 |
163,156 |
|
Inventories |
8E |
1,040 |
1,205 |
|
Other non-financial assets |
8F |
4,185 |
10,624 |
|
Total Non-Financial Assets |
|
|
323,264 |
297,558 |
Total Assets |
|
|
434,309 |
344,831 |
LIABILITIES |
|
|
|
|
Interest Bearing Liabilities |
|
|
|
|
Leases |
9A |
2,775 |
7,928 |
|
Total Interest Bearing Liabilities |
|
2,775 |
7,928 |
|
Provisions |
|
|
|
|
Employees |
10 |
104,960 |
109,262 |
|
Total Provisions |
|
|
104,960 |
109,262 |
Payables |
|
|
|
|
Suppliers |
11A |
45,894 |
25,347 |
|
Other Payables |
11B |
4,075 |
4,182 |
|
Total Payables |
|
|
49,969 |
29,529 |
Total Liabilities |
|
|
157,704 |
146,719 |
NET ASSETS |
|
|
276,605 |
198,112 |
EQUITY |
|
|
|
|
Contributed equity |
12 |
200,905 |
159,525 |
|
Reserves |
12 |
15,430 |
15,399 |
|
Retained surpluses or accumulated deficits |
12 |
60,270 |
23,188 |
|
TOTAL EQUITY |
|
|
276,605 |
198,112 |
Current Assets |
|
|
116,270 |
57,897 |
Non-current Assets |
|
|
318,039 |
286,934 |
Current Liabilities |
|
|
82,142 |
75,606 |
Non-current Liabilities |
|
|
75,562 |
71,113 |
The above statement should be read in conjunction with the accompanying notes. |
||||
AUSTRALIAN CUSTOMS SERVICE – STATEMENT OF CASH FLOWS for the year ended 30 June 2005
|
|
|
2005 |
2004 |
|
|
Notes |
$’000 |
$’000 |
OPERATING ACTIVITIES |
||||
Cash Received |
|
|
|
|
Goods and services |
|
51,381 |
79,961 |
|
Appropriations |
|
715,858 |
596,554 |
|
Interest |
|
1 |
- |
|
Net GST received from ATO |
|
44,882 |
33,887 |
|
Other |
|
152 |
25 |
|
Total Cash Received |
|
812,274 |
710,427 |
|
Cash Used |
|
|
|
|
Employees |
|
359,836 |
312,010 |
|
Suppliers |
|
408,186 |
342,211 |
|
Borrowing costs |
|
246 |
557 |
|
Other |
|
861 |
40 |
|
Total Cash Used |
|
769,129 |
654,818 |
|
Net Cash From or (Used by) Operating Activities |
13 |
43,145 |
55,609 |
|
INVESTING ACTIVITIES |
||||
Cash Received |
||||
Proceeds from sales of property, plant and equipment |
|
746 |
264 |
|
Total Cash Received |
|
|
746 |
264 |
Cash Used |
|
|
|
|
Purchase of property, plant and equipment |
|
20,722 |
23,519 |
|
Purchase of intangibles |
|
42,703 |
67,635 |
|
Total Cash Used |
|
|
63,425 |
91,154 |
Net Cash From or (Used by) Investing Activities |
|
(62,679) |
(90,890) |
|
FINANCING ACTIVITIES |
|
|
|
|
Cash Received |
|
|
|
|
Appropriations – Contributed equity |
|
18,614 |
52,436 |
|
Total Cash Received |
|
|
18,614 |
52,436 |
Cash Used |
|
|
|
|
Repayment of debt |
|
5,153 |
4,842 |
|
Total Cash Used |
|
|
5,153 |
4,842 |
Net Cash From or (Used by) Financing Activities |
|
13,461 |
47,594 |
|
Net Increase or (Decrease) in Cash Held |
|
(6,073) |
12,313 |
|
Cash at the beginning of the reporting period |
|
24,097 |
11,784 |
|
Cash at the End of the Reporting Period |
7A |
18,024 |
24,097 |
|
The above statement should be read in conjunction with the accompanying notes. |
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