2002-03 Financial Statements

*Department of Defence*
**SCHEDULE OF ADMINISTERED ITEMS**
for the year ended 30 June 2003
BY MATURITY
		2002-03	2001-02
	Notes	$'000	$'000
Revenue Administered on Behalf of Government
for the year ended 30 June 2003

Non-taxation Revenue
Interest	19	1,114	8,604
Dividends	19	373,525	88,636
Other sources of non-taxation revenues	19	668,052	753,009
Total Revenues Administered on Behalf of Government		1,042,691	850,249

Expenses Administered on Behalf of Government
for the year ended 30 June 2003

Employees	20	2,498,659	2,270,955
Subsidies	20	7,394	6,411
Net foreign exchange losses	20	2,045	12,269
Write-down of assets	20	84,239	-
Other	20	2,320	-
Total Expenses Administered on Behalf of Government		2,594,657	2,289,634

Assets Administered on Behalf of Government
as at 30 June 2003
Financial assets
Cash	21	80,226	121
Receivables*	21	50,946	176,830
Investments	21	1,258,883	1,258,883
Total financial assets		1,390,055	1,435,834

Non financial assets
Land and Buildings	21	-	84,409
Prepayments - Retention Benefits	21	74,018	-
Total non-financial assets		74,018	84,409
Total Assets Administered on Behalf of Government		1,464,073	1,520,243

Liabilities Administered on Behalf of Government
as at 30 June 2003
Provisions
Employees	22	28,100,000	26,900,000
Total Liabilities Administered on Behalf of Government		28,100,000	26,900,000

Net Assets Administered on Behalf of Government		(26,635,927)	(25,379,757)

Current Liabilities		1,374,000	1,346,000
Non-current Liabilities		26,726,000	25,554,000
Current Assets		154,636	176,951
Non-current Assets		1,309,437	1,343,292
* Administered United Nations receivable

Administered Cash Flows
for the year ended 30 June 2003

Operating Activities
Cash received
Interest		1,114	8,604
Dividends		373,525	88,636
Cash from Official Public Account for:
Special Appropriations		1,362,296	1,320,361
Other Appropriations		30,692	-
Superannuation contributions		551,835	607,077
Transfer of funded portion from MSBS		28,373	-
Other		102,192	113,242
Total cash received		2,450,027	2,137,920

Cash used
Personal benefits		(1,348,723)	(1,318,668)
Subsidies paid		(7,394)	(6,411)
Cash to the Official Public Account		(1,012,783)	(812,890)
Other - Transfers to Departmental account		(1,022)	-
Total cash used		(2,369,922)	(2,137,969)

Net cash (used by)/from operating activities		80,105	(49)

Net increase/(decrease) in cash held		80,105	(49)
Cash at the beginning of the reporting period		121	170
Cash at the end of the reporting period	21	80,226	121

Administered Commitments
as at 30 June 2003

BY TYPE
Capital commitments
Land and Buildings transferred from Defence Housing Authority to Sydney Harbour Federation Trust		-	84,409

Other commitments
ADFA long service leave*		6,978	-

Net administered commitments		6,978	84,409
All net commitments
One year or less		6,978	-
From one to five years		-	84,409
Over five years		-	-
Net administered commitments		6,978	84,409

Note: There is no GST on all 2002-03 commitments

ADFA Long Service Leave

* The Commonwealth has an agreement with the University of New South Wales to provide military education and training services at the Australian Defence Force Academy. This agreement may give rise to the payment of amounts to cover a long service leave liability accrued by the employees of the University engaged at the Academy. Defence has agreed to the amount of $6.978m and further agreed to payment of this upon signature of the new agreement, which is expected to be in the latter half of the 2003 calendar year.

Administered Contingencies
as at 30 June 2003

There were no quantifiable Administered contingencies as at 30 June 2003 (2002:nil).

The above schedule should be read in conjunction with the accompanying notes.