Statement of Intent 1 July 2004 - 30 June 2005

Part 2: Departmental forecast report (continued)

	Estimated Position as at 30 June 2004 $000	Forecast Position as at 30 June 2005 $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 2003 $000	Estimated Financial Position as at 30 June 2004 $000	Forecast Financial Position as at 30 June 2005 $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	2,016	1,729	1,790
Prepayments	24	14	14
Receivables and advances	1,808	2	2
Total current assets	3,848	1,745	1,806
Non-current assets
Property, plant and equipment	529	468	407
Total non-current assets	529	468	407
*Total assets*	*4,377*	*2,213*	*2,213*
Current liabilities
Payables and provisions	1,797	335	335
Provision for payment of surplus	664	-	-
Provision for employee entitlements	223	200	200
*Total current liabilities*	2,684	535	535
Non-current liabilities
Provision for employee entitlements	138	123	123
*Total liabilities*	2,822	*658*	*658*
*Net assets*	*1,555*	*1,555*	*1,555*

	2003/04 Budgeted $000	2003/04 Estimated actual $000	2004/05 Budget $000
Cash flows from operating activities Cash provided from:
Supply of outputs to:
Crown	8,186	7,886	8,231
Other	3,277	2,777	-
Interest	-	-	-
Cash disbursed to:
Cost of producing outputs:
Output expenses	(10,724)	(9,924)	(7,816)
Capital charge	(132)	(132)	(124)
*Net cash flows from operating activities*	607	607	291
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	(250)	(250)	(250)
*Net cash flows from investing activities*	(230)	(230)	(230)
Cash flows from financing activities
Cash disbursed to:
Payment of surplus to the Crown	(664)	(664)	-
Net cash flows from financing activities	(664)	(664)	-
Net increase/(decrease) in cash held	(287)	(287)	61
Opening total cash balances at 1 July	2,016	2,016	1,729
Closing total cash balances at 30 June projected	1,729	1,729	1,790

	2003/04 Budgeted $000	2003/04 Estimated actual $000	2004/05 Budget $000
Net surplus	-	-	-
Add/(deduct) non-cash expenses/(revenues) from statement of forecast financial performance
Depreciation	291	291	291
Add/(deduct) non-cash working capital reductions/(increases) from statement of forecast financial position
(Increase)/decrease in receivables and advances	1,804	1,804	-
(Increase)/decrease in prepayments	10	10	-
Increase/(decrease) in accruals, payables and provisions	(1,460)	(1,460)	-
Increase/(decrease) in provision for employee entitlements	(38)	(38)	-
Items classified as investing activities
Net (gain)/loss on sale of property, plant and equipment	-	-	-
Net cash flows from operating activities	607	607	291

	30 June 2004	30 June 2005 Forecast Position
	Estimated Actual Position $000	Cost $000	Accumulated Depreciation $000	Net Book Value $000
Furniture and fittings	-	262	262	-
Plant and equipment	87	987	901	86
Leasehold improvements	179	661	492	169
Information management systems	202	925	773	152
Total	468	2,835	2,428	407

	Unit	2003/04		2004/05
		Budgeted	Estimated actual	Budget
Operating results
Interest	$000	-	-	-
Output expenses	$000	11,463	10,663	8,231
Operating surplus before capital charge	$000	132	132	124
Net surplus/(deficit)	$000	-	-	-
Working capital
Net current assets	$000	1,210	1,210	1,271
Working capital ratio	Ratio	3.26:1	3.26:1	3.38:1
Quick asset ratio	Ratio	3.26:1	3.26:1	3.38:1
Average creditors outstanding	Days	18	21	33
Resource utilisation
Property, plant and equipment:
Total property, plant and equipment at year end	$000	468	468	407
Addition as % of property, plant and equipment	%	53	53	61
Taxpayers' funds: level at year end	$000	1,555	1,555	1,555
Forecast net cash flows
Surplus/(deficit) operating activities	$000	607	607	291
Surplus/(deficit) investing activities	$000	(230)	(230)	(230)
Surplus/(deficit) financing activities	$000	(664)	(664)	-
Net increase/(decrease) in cash held	$000	(287)	(287)	61
Human resources
Estimated total staff (as at 30 June)	No.	58	58	58