Industry, science and resources portfolio

Table 3.1: Budgeted Departmental Statement of Financial Performance

Estimated							Budget		Forward	Forward	Forward
actual							estimate		estimate	estimate	estimate
2000-01							2001-02		2002-03	2003-04	2004-05
$'000							$'000		$'000	$'000	$'000
Revenues from ordinary activities
Revenue from government				85,733 (K1) 84,850					100,905	103,112	95,729
Sales of goods and services				30,115				31,861	34,803	37,948	41,063
Interest				2,652				740	590	640	690
Dividends and CUC		40,213 (K1) 45,774							56,850	65,015	67,932
Net gains from sales of assets				567			567		567	567	567
Other				31			33		35	35	35
Total revenues from				159,311			163,825		193,750	207,317	206,016
ordinary activities
Expenses from ordinary activities
(excluding borrowing costs expense)
Employees						49,532		51,599	55,274	58,201	60,188
Suppliers						54,023		45,673	60,473	62,567	55,910
Depreciation and amortisation						20,540		20,779	21,153	21,534	21,986
Total expenses from ordinary
activities (excluding borrowing
costs expense)	124,095						118,051		136,900	142,302	138,084
Net surplus or deficit from
ordinary activities			35,216					45,774	56,850	65,015	67,932
Gain or loss on extraordinary items
Net surplus or deficit					35,216			45,774	56,850	65,015	67,932
Capital use charge					40,213			45,774	56,850	65,015	67,932
Net surplus or deficit after					-4,997			0	0	0	0
capital use charge

Estimated		Budget	Forward	Forward	Forward
actual		estimate	estimate	estimate	estimate
2000-01		2001-02	2002-03	2003-04	2004-05
$'000		$'000	$'000	$'000	$'000
ASSETS
Financial assets
Cash	14,020	5,644	6,428	6,508	6,878
Receivables	5,860	6,437	7,077	7,716	8,296
Investments	15,100	9,100	5,100	7,600	9,600
Accrued revenue	139	139	139	139	139
Other	537	6,107	943	749	492
Total financial assets	35,656	27,427	19,687	22,712	25,405
Non-financial assets
Land and buildings	150,762	149,026	147,308	145,609	143,913
Infrastucture,plant and equipment	105,098	114,613	117,371	120,056	123,058
Inventories	6,270	5,270	13,070	10,270	7,470
Intangibles	218	127	36
National facility asset under construction	51,367	145,036	245,723	319,958	346,471
Total non-financial assets	313,715	414,072	523,508	595,893	620,912
Total assets	349,371	441,499	543,195	618,605	646,317

LIABILITIES Debt

Total debt	0	0	0	0	0
Provisions and payables
Employees *	19,527	20,406	21,324	22,390	23,509
Suppliers	3,262	3,495	3,569	3,659	3,718
Other	1,472	1,469	1,486	1,505	1,526
Total provisions and payables	24,261	25,370	26,379	27,554	28,753
Total liabilities	24,261	25,370	26,379	27,554	28,753
EQUITY
Capital	64,017	155,036	255,723	329,958	356,471
Reserves	178,330	178,330	178,330	178,330	178,330
Accumulated surpluses	82,763	82,763	82,763	82,763	82,763
Total equity	325,110	416,129	516,816	591,051	617,564
Current liabilities	12,545	13,126	13,585	14,120	14,648
Non-current liabilities	11,716	12,244	12,794	13,434	14,105
Current assets	41,926	32,697	32,757	32,982	32,875
Non-current assets	307,445	408,802	510,438	585,623	613,442

* Employee entitlements (long service leave) are partially unfunded

Estimated		Budget	Forward	Forward	Forward
actual		estimate	estimate	estimate	estimate
2000-01		2001-02	2002-03	2003-04	2004-05
$'000		$'000	$'000	$'000	$'000
OPERATING ACTIVITIES
Cash received
Appropriations for outputs	125,946	130,624	157,755	168,127	163,661
Sales of goods and services	31,895	31,284	34,161	37,307	40,484
Interest	2,619	740	590	640	690
Other	7,943	12,969	15,268	12,485	7,908
Total cash received	168,403	175,617	207,774	218,559	212,743
Cash used
Employees	48,602	50,720	54,356	57,135	59,069
Suppliers	53,788	49,057	63,512	59,640	53,017
Other	8,281	13,891	14,737	12,272	7,631
Total cash used	110,671	113,668	132,605	129,047	119,717
Net cash from operating	57,732	61,949	75,169	89,512	93,026
activities
INVESTING ACTIVITIES
Cash received
Proceeds from sales of property,	687	687	687	687	687
plant and equipment
Total cash received	687	687	687	687	687
Cash used
Purchase of property, plant	60,252	122,256	122,909	96,839	49,925
and equipment
Other investments	5,000	-6,000	-4,000	2,500	2,000
Total cash used	65,252	116,256	118,909	99,339	51,925
Net cash from investing	-64,565	-115,569	-118,222	-98,652	-51,238
activities
FINANCIAL ACTIVITIES
Cash received
Capital Injection	55,017	91,019	100,687	74,235	26,513
Total cash received	55,017	91,019	100,687	74,235	26,513

Estimated		Budget	Forward	Forward	Forward
actual		estimate	estimate	estimate	estimate
2000-01		2001-02	2002-03	2003-04	2003-04
$'000		$'000	$'000	$'000	$'000
Cash used
Capital use charge	40,213	45,774	56,850	65,015	67,932
Total cash used	40,213	45,774	56,850	65,015	67,932
Net cash from financing
activities	14,804	45,245	43,837	9,220	-41,419
Net increase in cash held
Cash at the beginning of	6,049	14,020	5,645	6,429	6,509
the reporting period
Cash at the end of the	14,020	5,645	6,429	6,509	6,878
reporting period

Table 3.4: Departmental Capital Budget Statement

Estimated				Budget	Forward	Forward	Forward
actual				estimate	estimate	estimate	estimate
2000-01				2001-02	2002-03	2003-04	2004-05
$'000				$'000	$'000	$'000	$'000
CAPITAL APPROPRIATIONS
Total equity injections	55,017			91,019	100,687	74,235	26,513
				(K2)1
Represented by:
Purchase of non-current assets		55,017		86,019	100,687	74,235	26,513
Other				5,000
Total		55,017		91,019	100,687	74,235	26,513
PURCHASE OF NON-CURRENT ASSETS
Funded by capital appropriations			55,017	86,019	100,687	74,235	26,513
Funded internally by			12,885	28,587	22,222	22,604	23,412
Departmental resources

Link to (K2) in Table 1.1