Departmental Forecast Report
for the year ending 30 June 2003

Part B - Departmental Forecast Financial Statements

	Actual Financial Position as at 30 June 2001 $000	Estimated Financial Position as at 30 June 2002 $000	Forecast Financial Position as at 30 June 2003 $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	275	1,872	1,577
Short term deposits with the Crown	2,000	-	-
Prepayments	38	14	14
Receivables and advances	54	2	2
Total Current Assets	2,367	1,888	1,593
*Non-current Assets*
Property, plant and equipment	660	640	620
Total Non-current Assets	660	640	620
Total Assets	3,027	2,528	2,213
Current Liabilities
Payables and provisions	582	335	335
Provision for payment of surplus	542	315	-
Provision for employee entitlements	209	200	200
Total Current Liabilities	1,336	850	535
*Non-Current Liabilities*
Provision for employee entitlements	136	123	123
Total Liabilities	1,472	973	658
Net Assets	1,555	1,555	1,555

	2001/02 Budgeted $000	2001/02 Estimated actual $000	2002/03 Budget $000
Cash Flows from Operating Activities
Cash provided from:
Supply of outputs to:
Crown	8,103	8,103	8,271
Other	1,114	1,114	2,146
Interest	15	15	-
Cash disbursed to:
Cost of producing outputs:
Output expenses	(8,920)	(8,620)	(9,935)
Capital charge	(140)	(140)	(132)
Net Cash Flows from Operating Activities	172	472	350
Cash Flows from Investing Activities
Cash provided from:
Sale of property, plant and equipment	20	20	20
Cash disbursed to:
Purchase of property, plant and equipment	(350)	(350)	(350)
Net Cash Flows from Investing Activities	(330)	(330)	(330)
Cash Flows from Financing Activities
Cash disbursed to:
Payment of surplus to the Crown	(545)	(545)	(15)
Net Cash Flows from Financing Activities	(545)	(545)	(15)
Net Increase/(Decrease) in Cash Held	(703)	(403)	5
Opening total cash balances at 1 July	2,275	2,275	1,572
Closing Total Cash Balances at 30 June projected	1,572	1,872	1,577

	2001/02 Budgeted $000	2001/02 Estimated actual $000	2002/03 Budget $000
Net Surplus	15	315	-
Add/(deduct) non-cash expenses/(revenues) from Statement of Financial Performance
Depreciation	350	350	350
Add/(deduct) non-cash working capital reductions/(increases) from Statement of Financial Position
(Increase)/decrease in receivables and advances	52	52	-
(Increase)/decrease in prepayments	24	24	-
Increase/(decrease) in payables and provisions	(247)	(247)	-
Other items	(22)	(22)	-
Items classified as investing activities
Net (gain)/loss on sale of property, plant and equipment	-	-	-
Net Cash Flows from Operating Activities	172	472	350

	Estimated Position as at 30 June 2002 $000	Forecast Position as at 30 June 2003 $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	315	-
Total recognised revenues and expenses for the period	315	-
Adjustments for flows to and from to the Crown
Provision for payment of surplus to the Crown	(315)	-
Taxpayers' Funds at the end of the period	1,555	1,555

	30 June 2002	30 June 2003 Projected Position
	Estimated actual Position $000	Cost $000	Accumulated Depreciation $000	Net Book Value $000
Furniture and Fittings	-	262	262	-
Plant and Equipment	200	1,053	795	258
Motor Vehicles	-	28	28	-
Leasehold Improvements	284	693	350	343
Financial and Management Information Systems	156	732	713	19
Total	640	2,768	2,148	620

	Unit	2001/02 Budgeted	2001/02 Estimated Actual	2002/03 Budget
Operating Results
Interest	$000	15	15	-
Output expenses	$000	9,217	8,917	10,417
Operating surplus before capital charge	$000	155	455	132
Net surplus (deficit)	$000	15	315	-
Working Capital
Net current assets	$000	1,038	1,038	1,058
Working capital ratio	Ratio	2.89:1	2.22:1	2.98:1
Quick asset ratio	Ratio	2.89:1	2.22:1	2.98:1
Average creditors outstanding	Days	28	28	22
Resource Utilisation
Property, plant and equipment:
Total property, plant and equipment at year end	$000	660	640	620
Additions as % of property, plant and equipment	%	53	55	56
Taxpayers' funds:
Level at year end	$000	1,555	1,555	1,555
Forecast Net Cash Flows
Surplus/(deficit) operating activities	$000	172	472	350
Surplus/(deficit) investing activities	$000	(330)	(330)	(330)
Surplus/(deficit) financing activities	$000	(545)	(545)	(15)
Net increase/(decrease) in cash held	$000	(703)	(403)	5
Human Resources
Estimated total staff (as at 30 June)	No.	52	54	58

The accompanying accounting policies form part of these financial statements.