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2002-03 Financial Statements

Department of Defence
Notes To And Forming Part Of The Financial Statements
for the year ended 30 June 2003
2002-03 2001-02
$'000 $'000
Note 3: Operating Revenues
Note 3A: Revenues from Government
Appropriation for outputs 18,230,325 17,843,477
Resources received free of charge 2,113 2,057
Total revenues from Government 18,232,438 17,845,534
Note 3B: Goods and Services
Goods 51,661 54,198
Services 178,884 182,180
Total sales of goods and services 230,545 236,378
Provision of goods to:
Related entities 12 46
External entities 51,649 54,152
Total sales of goods 51,661 54,198
Rendering of services to:
Related entities 4,186 5,131
External entities 174,698 177,049
Total rendering of services 178,884 182,180
Goods and services are represented by:
Sale of surplus inventory 3,540 1,570
Fuel sales to foreign governments 40,441 44,129
Other goods 7,680 8,500
Housing rentals 95,584 97,868
Operational exercises, training and facilities 9,708 10,903
Rations and quarters 37,112 37,676
Rental of Defence property (non housing) 4,389 5,916
Other services 32,091 29,816
  230,545 236,378
Note 3C: Interest Revenue
Interest on deposits 19,332 15,246
Total interest revenue 19,332 15,246
Note 3D: Net Gains from Sales of Assets
Land and buildings:
Proceeds from disposal 608,529 120,031
Net book value of assets disposed (537,084) (107,472)
Net gain from disposal of land and buildings 71,445 12,559
Specialist military equipment:
Proceeds from disposal 29,690 553
Net book value of assets disposed (56,678) (92)
Net gain/(loss) from disposal of specialist military equipment (26,988) 461
Other infrastructure, plant and equipment:
Proceeds from disposal 47,318 57,306
Net book value of assets disposed (46,787) (52,399)
Net gain from disposal of other infrastructure, plant and equipment 531 4,909
Total proceeds from disposals 685,537 177,890
Net book value of assets disposed (640,549) (159,963)
Total net gain from disposal of assets 44,988 17,930
Note 3E: Net Foreign Exchange Gains
Foreign exchange gains
Non-speculative 47,586 25,191
Less Foreign exchange losses
Non-speculative (30,485) (21,662)
Total net foreign exchange gains 17,101 3,529
Note 3F: Assets Now Recognised
Property, Plant and Equipment
Specialist military equipment 586,049 567,829
Land and buildings 9,059 731
Other infrastructure, plant and equipment 67,389 6,462
Software and intangibles 756 8,078
Total property, plant and equipment 663,253 583,100
Inventory
Inventory 203,042 110,950
Total inventory 203,042 110,950
Total assets now recognised 866,295 694,050
Note 3G: Other Revenues
Revenue now earned * - 58,668
Sales of materials and services 6,610 8,658
Foreign Military Sales refunds 11,886 15,163
Excise refunds 42,575 12,461
Settlement of damages 18,086 9,631
Other minor revenues** 39,233 68,253
Total other revenues 118,390 172,833
* The amount for 2002 includes $56.953m which was initially provided to Defence for Federation Fund activities. Subsequent legislative changes have altered the nature of the original funding. Accordingly, the criteria for amortising money received in advance for the Federation Fund projects is no longer applicable.
** Other minor revenues include miscellaneous revenues.