Departmental Forecast Report
for the year ending 30 June 2002

Part B - Departmental Forecast Financial Statements

	Actual Financial Position as at 30 June 2000 $000	Estimated Financial Position as at 30 June 2001 $000	Forecast Financial Position as at 30 June 2002 $000
Taxpayers' Funds
General funds	1,555	1,555	1,555
Total Taxpayers' Funds	1,555	1,555	1,555
Represented by:
Current Assets
Cash and bank balances	532	104	94
Short term deposits with the Crown	1,300	1,200	1,200
Prepayments	108	14	14
Receivables and advances	25	2	2
Total Current Assets	1,965	1,320	1,310
*Non-current Assets*
Property, plant and equipment	869	951	933
Total Non-current Assets	869	951	933
Total Assets	2,834	2,271	2,243
Current Liabilities
Payables and provisions	413	335	335
Provision for payment of surplus	505	58	30
Provision for employee entitlements	207	200	200
Total Current Liabilities	1,125	593	565
*Non-Current Liabilities*
Provision for employee entitlements	154	123	123
Total Liabilities	1,279	716	688
Net Assets	1,555	1,555	1,555

	2000/01 Budgeted $000	2000/01 Estimated actual $000	2001/02 Budget $000
Cash Flows from Operating Activities
Cash provided from:
Supply of outputs to:
Crown	8,304	8,304	8,321
Interest	58	58	30
Cash disbursed to:
Cost of producing outputs:
Output expenses	(7,757)	(7,757)	(7,700)
Capital charge	(156)	(156)	(140)
Net Cash Flows from Operating Activities	449	449	511
Cash Flows from Investing Activities
Cash provided from:
Sale of property, plant and equipment	28	28	37
Cash disbursed to:
Purchase of property, plant and equipment	(500)	(500)	(500)
Net Cash Flows from Investing Activities	(472)	(472)	(463)
Cash Flows from Financing Activities
Cash disbursed to:
Payment of surplus to the Crown	(505)	(505)	(58)
Net Cash Flows from Financing Activities	(505)	(505)	(58)
Net Increase/(Decrease) in Cash Held	(528)	(528)	(10)
Opening total cash balances at 1 July	1,832	1,832	1,304
Closing Total Cash Balances at 30 June projected	1,304	1,304	1,294

	2000/01 Budgeted $000	2000/01 Estimated actual $000	2001/02 Budget $000
Net Surplus	58	58	30
Add/(deduct) non-cash expenses/(revenues) from Statement of Financial Performance
Depreciation	381	381	481
Add/(deduct) non-cash working capital reductions/(increases) from Statement of Financial Position
(Increase)/decrease in receivables and advances	23	23	-
(Increase)/decrease in prepayments	94	94	-
Increase/(decrease) in payables and provisions	(49)	(49)	-
Other items	(58)	(58)	-
Items classified as investing activities
Net (gain)/loss on sale of property, plant and equipment	-	-	-
Net Cash Flows from Operating Activities	449	449	511

	Estimated Position as at 30 June 2001 $000	Forecast Position as at 30 June 2002 $000
Taxpayers' funds at start of period	1,555	1,555
Movements during the year (other than flows to and from the Crown)
Add net surplus	58	30
Total recognised revenues and expenses for the period	58	30
(Deduct) distributions to the Crown during the period
Provision for payment of surplus to the Crown	(58)	(30)
Taxpayers' Funds at the end of the period	1,555	1,555

	30 June 2001	30 June 2002 Projected Position
	Estimated actual Position $000	Cost $000	Accumulated Depreciation $000	Net Book Value $000
Furniture and Fittings	45	1,234	1,174	60
Plant and Equipment	436	1,760	1,315	445
Motor Vehicles	16	30	15	15
Leasehold Improvements	333	521	108	413
Financial and Management Information Systems	121	539	539	-
Total	951	4,084	3,151	933

	Unit	2000/01 Budgeted	2000/01 Estimated Actual	2001/02 Budget
Operating Results
Interest	$000	58	58	30
Output expenses	$000	8,304	8,304	8,321
Operating surplus before capital charge	$000	214	214	170
Net surplus (deficit)	$000	58	58	30
Working Capital
Net current assets	$000	727	727	745
Working capital ratio	Ratio	2.23:1	2.23:1	2.32:1
Quick asset ratio	Ratio	2.23:1	2.23:1	2.32:1
Average creditors outstanding	Days	35	35	37
Resource Utilisation
Property, plant and equipment:
Total property, plant and equipment at year end	$000	951	951	933
Additions as % of property, plant and equipment	%	53	53	54
Taxpayers' funds:
Level at year end	$000	1,555	1,555	1,555
Forecast Net Cash Flows
Surplus/(deficit) operating activities	$000	449	449	511
Surplus/(deficit) investing activities	$000	(472)	(472)	(463)
Surplus/(deficit) financing activities	$000	(505)	(505)	(58)
Net increase/(decrease) in cash held	$000	(528)	(528)	(10)
Human Resources
Estimated total staff (as at 30 June)	No.	55	55	55

The accompanying accounting policies form part of these financial statements.