Statement of Intent 1 July 2005 - 30 June 2008

Part 2: Departmental forecast report (continued)

	Estimated Position as at 30 June 2005 $000	Forecast Position as at 30 June 2006 $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	-	-
Total recognised revenues and expenses for the period	-	-
Adjustments for flows to and from the Crown
Provision for payment of surplus to the Crown	-	-
*Taxpayers' funds at the end of the period*	*1,555*	*1,555*

	Actual Financial Position as at 30 June 2004 $000	Estimated Financial Position as at 30 June 2005 $000	Forecast Financial Position as at 30 June 2006 $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	1,569	1,354	1,458
Prepayments	31	14	14
Receivables and advances	209	2	2
Total current assets	1,809	1,370	1,474
Non-current assets
Property, plant and equipment	677	843	739
Total non-current assets	677	843	739
*Total assets*	*2,486*	*2,213*	*2,213*
Current liabilities
Payables and provisions	326	335	335
Provision for payment of surplus	184	-	-
Provision for employee entitlements	261	200	200
*Total current liabilities*	*771*	*535*	*535*
Non-current liabilities
Provision for employee entitlements	160	123	123
*Total liabilities*	*931*	*658*	*658*
*Net assets*	*1,555*	*1,555*	*1,555*

	2004/05 Budgeted $000	2004/05 Estimated actual $000	2005/06 Budget $000
Cash flows from operating activities Cash provided from:
Supply of outputs to:
Crown	8,231	7,931	9,075
Other	890	890	80
Cash disbursed to:
Cost of producing outputs:
Output expenses	(8,568)	(8,268)	(8,677)
Capital charge	(124)	(124)	(124)
*Net cash flows from operating activities*	*429*	*429*	*354*
Cash flows from investing activities
Cash provided from:
Sale of property, plant and equipment	-	-	-
Cash disbursed to:
Purchase of property, plant and equipment	(460)	(460)	(250)
*Net cash flows from investing activities*	(460)	(460)	(250)
Cash flows from financing activities
Cash disbursed to:
Payment of surplus to the Crown	(184)	(184)	-
Net cash flows from financing activities	(184)	(184)	-
Net increase/(decrease) in cash held	(215)	(215)	104
Opening total cash balances at 1 July	1,569	1,569	1,354
Closing total cash balances at 30 June projected	1,354	1,354	1,458

	2004/05 Budgeted $000	2004/05 Estimated actual $000	2005/06 Budget $000
Net surplus	-	-	-
Add/(deduct) non-cash expenses/(revenues) from statement of forecast financial performance
Depreciation	294	294	354
Add/(deduct) non-cash working capital reductions/(increases) from statement of forecast financial position
(Increase)/decrease in receivables and advances	207	207	-
(Increase)/decrease in prepayments	17	17	-
Increase/(decrease) in accruals, payables and provisions	9	9	-
Increase/(decrease) in provision for employee entitlements	(98)	(98)	-
Items classified as investing activities
Net (gain)/loss on sale of property, plant and equipment	-	-	-
Net cash flows from operating activities	429	429	354

	Unit	2004/05		2005/06
		Budgeted	Estimated actual	Budget
Operating results
Output expenses	$000	9,121	8,821	8,311
Operating surplus before capital charge	$000	124	124	124
Net surplus/(deficit)	$000	-	-	-
Working capital
Net current assets	$000	835	835	939
Working capital ratio	Ratio	2.56:1	2.56:1	2.76:1
Quick asset ratio	Ratio	2.56:1	2.56:1	2.76:1
Average creditors outstanding	Days	25	27	30
Resource utilisation
Property, plant and equipment:
Total property, plant and equipment at year end	$000	843	843	739
Addition as % of property, plant and equipment	%	55	55	34
Taxpayers' funds: level at year end	$000	1,555	1,555	1,555
Forecast net cash flows
Surplus/(deficit) operating activities	$000	429	429	354
Surplus/(deficit) investing activities	$000	(460)	(460)	(250)
Surplus/(deficit) financing activities	$000	(184)	(184)	-
Net increase/(decrease) in cash held	$000	(215)	(215)	104
Human resources
Estimated total staff (as at 30 June)	No.	60	57	64