Industry, science and resources portfolio

Section 3: Budgeted Financial Statements

This section contains the four budgeted financial statements in accrual format covering the Budget year, previous year and the three outyears for each agency. The section also includes a summary of non-financial assets.

The statements are:

DEPARTMENTAL STATEMENTS

Budgeted Departmental Statement of Financial Performance (Table 3.1)

This statement provides a picture of the expected financial results for the agency by identifying full accrual expenses and revenues, which highlights whether the agency is operating at a sustainable level in the short run.

Budgeted Departmental Statement of Financial Position (Table 3.2)

This statement shows the financial position of the agency. It enables decision-makers to track the management of the agency’s assets and liabilities.

Budgeted Departmental Statement of Cash Flows (Table 3.3)

Budgeted cash flows, as reflected in the statement of cash flows, provides important information on the extent and nature of cash flows by categorising them into expected cash flows from operating activities, investing activities and financing activities.

Departmental Capital Budget Statement (Table 3.4)

Shows all planned capital expenditure (capital expenditure on non-financial assets), whether funded either through capital appropriations for additional equity or borrowings, or from funds from internal sources.

Departmental Non-financial Assets — Summary of Movement (Table 3.5)

Shows budgeted acquisitions and disposals of non-financial assets during the Budget year.

ADMINISTERED NOTES

Note of Budgeted Administered Financial Performance (Table 3.6)

This note identifies the main revenues and expenses administered on behalf of the Government. It also discloses administered revenues from Government and Transfers to the Public Account.

Note of Budgeted Administered Financial Position (Table 3.7)

This note shows the assets and liabilities administered on behalf of the Government.

Note of Budgeted Administered Cash Flows (Table 3.8)

This note shows cash flows administered on behalf of the Government.

Note of Administered Capital Budget (Table 3.9)

This note shows details of planned administered capital expenditure.

Note of Administered Non-financial Assets – Summary of Movement (Table 3.10)

This note discloses details of movements in administered non-financial assets.