PBS 2001-02 DHA Page 3

Defence Portfolio Budget Statements
2001-02

Defence Housing Authority

BUDGETED FINANCIAL STATEMENTS

The following budgeted financial statements for the Defence Housing Authority are presented in this section.

Budgeted Statement of Revenues and Expenses (Budgeted Operating Statement)

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

Budgeted Statement of Assets and Liabilities (Budgeted Balance Sheet)

Shows the financial position of the Authority. It enables decision-makers to track the management of the Authority’s assets and liabilities.

Budgeted Cash Flow Statement

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.

Capital Budget

Shows all proposed capital expenditure funded from internal sources.

Non-financial Assets - Summary of Movement

This statement shows only the budget year 2001-02.

Table 1: Budgeted Statement of Revenues and Expenses

Defence Housing Authority Revenues and Expenses	Estimated Actual 2000-01	Budget Estimate 2001-02	Estimated 2002-03	Estimated 2003-04	Estimated 2004-05
Defence Housing Authority Revenues and Expenses	$’000	$’000	$’000	$’000	$’000
Revenues
Sales of goods and services	275,617	283,928	285,422	292,830	295,137
Interest and dividends	14,377	2,442	3,438	2,963	6,090
Other sources of non-taxation revenue	68,900	68,600	68,400	68,700	68,700
Net gains from sale of assets	5,934	4,702	3,017	3,766	5,736
Total Revenue	364,828	359,672	360,277	368,259	375,663
Expenses
Employees	37,744	40,259	40,540	40,841	41,662
Suppliers	197,639	208,072	210,609	217,979	224,209
Depreciation and amortisation	18,001	15,662	14,211	13,588	12,858
Interest and other financing costs	-	6,000	17,200	22,400	22,400
Total Expenses	253,384	269,993	282,560	294,808	301,129
Operating result	111,444	89,679	77,717	73,451	74,534
Income Tax	(37,891)	(26,904)	(23,315)	(22,035)	(22,360)
Accumulated surpluses at 1 July	442,501	71,922	97,032	118,793	139,359
Total available for appropriation	516,054	134,697	151,434	170,209	191,533
Dividends and capital use charge	(44,132)	(37,665)	(32,641)	(30,850)	(31,304)
Transfer from Reserves	-	250,000	-	-	-
Other Movements	-	-	250,000	-	-
Cash transfers to OPA	(400,000)	(250,000)	(250,000)		-
Accumulated surpluses at 30 June	71,922	97,032	118,793	139,359	160,229

Table 2: Budgeted Statement of Assets and Liabilities

Defence Housing Authority Assets and Liabilities	Estimated Actual 2000-01	Budget Estimate 2001-02	Estimated 2002-03	Estimated 2003-04	Estimated 2004-05
Defence Housing Authority Assets and Liabilities	$’000	$’000	$’000	$’000	$’000
ASSETS
Financial assets
Cash	79,843	113,025	97,214	201,426	233,683
Receivables	360,049	352,737	340,783	332,107	315,330
Other	9,566	9,566	9,566	9,566	9,566
Total financial assets	449,458	475,328	447,563	543,099	558,579
Non-financial assets
Land and buildings, property plant & equipment	1,257,241	1,142,004	1,096,575	1,046,133	1,080,100
Inventories	6,910	6,910	6,910	6,910	6,910
Total non-financial assets
Total assets	1,713,609	1,624,242	1,551,048	1,596,142	1,645,589
LIABILITIES
Debt	-	150,000	280,000	280,000	280,000
Total debt	-	150,000	280,000	280,000	280,000
Provisions and payables
Employees provisions	3,000	3,000	3,000	3,000	3,000
Provision of goods and services - suppliers	120,216	88,908	96,415	101,193	107,118
Other provisions and payables	44,132	37,665	32,641	30,850	31,304
Total provisions and payables	167,348	129,573	132,056	135,043	141,422
Total liabilities	167,348	279,573	412,056	415,043	421,422
Net assets	1,546,261	1,344,669	1,138,992	1,181,099	1,224,167
EQUITY
Total accumulated results	71,922	97,032	118,793	139,359	160,229
Total reserves:	794,601	567,914	590,476	613,768	635,966
Total capital:	679,738	679,723	429,723	427,972	427,972
Total equity	1,546,261	1,344,669	1,138,992	1,181,099	1,224,167

Table 3: Budgeted Cash Flow Statement

Defence Housing Authority Cash Flows	Estimated Actual 2000-01	Budget Estimate 2001-02	Estimated 2002-03	Estimated 2003-04	Estimated 2004-05
Defence Housing Authority Cash Flows	$’000	$’000	$’000	$’000	$’000
OPERATING ACTIVITIES
Cash received
Other receipts	384,272	381,615	385,439	394,721	402,530
Total cash received	384,272	381,615	385,439	394,721	402,530
Cash used
Total cash used for operating activities	248,843	264,855	280,701	295,539	292,436
Total Cash Used	248,843	264,855	280,701	295,539	292,436
Net cash from operating activities	135,429	116,760	104,738	99,182	110,094
INVESTING ACTIVITIES
Cash received
Proceeds from sales of property plant and equipment and intangibles	170,581	245,958	211,038	226,127	207,020
Total cash received	170,581	245,958	211,038	226,127	207,020
Cash used
Purchase of property plant and equipment and intangibles	32,490	120,609	150,607	166,421	231,648
Total cash used	32,490	120,609	150,607	166,421	231,648
Net cash from investing activities	138,091	125,349	60,431	59,706	(24,628)
FINANCING ACTIVITIES
Cash received
Cash received from borrowings	-	150,000	130,000	-	-
Total cash received	-	150,000	130,000	-	-
Cash used
Cash used for dividends	24,000	44,132	37,665	32,641	30,849
Cash transfers to OPA	400,000	250,000	250,000	-	-
Cash used for other financing activities	-	64,795	23,315	22,035	22,360
Total cash used	424,000	358,927	310,980	54,676	53,209
Net cash from (to) financing activities	(424,000)	(208,927)	(180,980)	(54,676)	(53,209)
Net Increase (Decrease) in cash held	(150,480)	33,182	(15,811)	104,212	32,257
Cash at 1 July	230,323	79,843	113,025	97,214	201,426
Cash at 30 June	79,843	113,025	97,214	201,426	233,683

Table 4: Capital Budget

Purchase of Non-Current Assets	Estimated Actual 2000-01	Budget Estimate 2001-02	Estimated 2002-03	Estimated 2003-04	Estimated 2004-05
Purchase of Non-Current Assets	$’000	$’000	$’000	$’000	$’000
Capital payments budget
Purchase of property plant and equipment	32,490	120,609	150,607	166,421	231,648
Total	32,490	120,609	150,607	166,421	231,648

Table 5: Non-Financial Assets - Summary of Movement

Budget Year 2001-02	Land	Building	Total Land and Building	Other Infrastructure	Total
Budget Year 2001-02	$’000	$’000	$’000	$’000	$’000
Gross Value
Gross Value as at 1 July 2001	494,803	779,606	1,274,409	14,758	1,289,167
Gross Value - additions	47,844	71,765	119,609	1,000	120,609
Gross Value - Revaluations	9,325	13,988	23,313	-	23,313
Gross Value - disposals	(99,590)	(149,386)	(248,976)	-	(248,976)
Gross Value - other movements	(897)	(1,344)	(2,241)		(2,241)
Gross value 30 June 2002	451,485	714,629	1,166,114	15,758	1,181,872
Accumulated depreciation/ as at 1 July 2001	-	19,447	19,447	12,479	31,926
Charge for the reporting period	-	14,062	14,062	1,600	15,662
Disposals	-	(7,720)	(7,720)	-	(7,720)
Accumulated Depreciation as at 30 June 2002	-	25,789	25,789	14,079	39,868
Net Book Value as at 30 June 2002	451,485	688,840	1,140,325	1,679	1,142,004
Net book Value as at 1 July 2001	494,803	760,159	1,254,962	2,279	1,257,241

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