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Financial Statements

OFFICE OF THE INSPECTOR-GENERAL OF INTELLIGENCE AND SECURITY
STATEMENT OF COMPREHENSIVE INCOME
for the year ended 30 June 2015

Notes 2015
$		 2014
$
NET COST OF SERVICES
Expenses
Employee benefits 4A 2 188 443 1 916 059
Supplier 4B 322 932 270 683
Depreciation and amortisation 36 481 37 999
Loss on asset disposal 36 2 474
Total Expenses 2 547 892 2 227 215
Own-Source Income
Own-source revenue
Other revenue 5A 28 023 172 548
Total own-source revenue 28 023 172 548
Gains
Other gains 5B 102 000 102 000
Total gains 102 000 102 000
Total own-source income 130 023 274 548
Net Cost of services 2 417 869 1 952 667
Revenue from Government 5C 3 003 000 2 179 000
Surplus attributable to the Australian Government 585 131 226 333
OTHER COMPREHENSIVE INCOME
Items not subject to subsequent reclassification to net
cost of services
Changes in asset revaluation surplus - 9 308
Total comprehensive income attributable to the Australian Government 585 131 235 641

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

OFFICE OF THE INSPECTOR-GENERAL OF INTELLIGENCE AND SECURITY
STATEMENT OF FINANCIAL POSITION
as at 30 June 2015

Notes 2015
$		 2014
$
ASSETS
Financial Assets Cash and cash equivalents 174 814 207 005
Trade and other receivables 7A 3 065 922 2 230 203
Total financial assets 3 240 736 2 437 208
Non-Financial Assets
Property, plant and equipment 8A & 8B 27 218 63 735
Total non-financial assets 27 218 63 735
Total Assets 3 267 954 2 500 943
LIABILITIES
Payables
Suppliers 9A 20 690 38 800
Other payables 9B 128 131 78 226
Total payables 148 821 117 026
Provisions
Employee provisions 10A 865 347 730 388
Total provisions 865 347 730 388
Total Liabilities 1 014 168 847 414
Net Assets 2 253 786 1 653 529
EQUITY
Contributed equity 478 126 463 000
Reserves 16 105 16 105
Retained surplus 1 759 555 1 174 424
Total Equity 2 253 786 1 653 529

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

OFFICE OF THE INSPECTOR-GENERAL OF INTELLIGENCE AND SECURITY
STATEMENT OF CHANGES IN EQUITY
for the year ended 30 June 2015

Retained Earnings Asset Revaluation Surplus Contributed Equity/Capital Total Equity
2015
$		 2014
$		 2015
$		 2014
$		 2015
$		 2014
$		 2015
$		 2014
$
Opening balance
Balance carried forward from previous period 1 174 424 948 091 16 105 6 796 463 000 447 000 1 653 529 1 401 887
Adjusted opening balance 1 174 424 948 091 16 105 6 796 463 000 447 000 1 653 529 1 401 887
Comprehensive Income
Other comprehensive income - - - 9 309 - - - 9 309
Surplus for the period 585 131 226 333 - - - - 585 131 226 333
Total comprehensive income 585 131 226 333 - 9 309 - - 585 131 235 642
Transactions with owners
Contribution by Owners
Equity Injection – Appropriation – repealed1 - - - - (53 000) (53 000)
Appropriations repealed2 (10 874) (10 874)
Departmental Capital Budget - - - - 26 000 69 000 26 000 69 000
Total transactions with owners - - - - 15 126 16 000 15 126 16 000
Closing balance as at 30 June attributable to the Australian Government 1 759 555 1 174 424 16 105 16 105 478 126 463 000 2 253 786 1 653 529

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

  1. Appropriation Act (No. 2) 2004-2005 repealed by the Statute Stocktake (Appropriations) Act 2013 with effect from 1 July 2014.
  2. Appropriation Act (No 1) DCB 2010/11 and Appropriation Act (No 1) DCB 2011/12 repealed by the Omnibus Repeal Day (Autumn 2014) Act 2014.

OFFICE OF THE INSPECTOR-GENERAL OF INTELLIGENCE AND SECURITY
CASH FLOW STATEMENT
for the year ended 30 June 2015

Notes 2015
$		 2014
$
OPERATING ACTIVITIES
Cash received
Appropriations 2 371 063 2 262 487
Net GST received 8 598 8 637
Other cash received 116 499 401 110
Total cash received 2 496 160 2 672 234
Cash used
Employees (2 092 294) (1 923 498)
Suppliers (314 023) (349 938)
Section 74 receipts transferred to OPA1 (116 499) (401 110)
Total cash used (2 522 816) (2 674 546)
Net cash from (used by) operating activities 11 (26 656) (2 312)
INVESTING ACTIVITIES
Cash used
Purchase of property, plant and equipment (5 535) (2 723)
Total cash used (5 535) (2 723)
Net cash from (used by) investing activities (5 535) (2 723)
FINANCING ACTIVITIES
Cash received
Contributed equity - 8 257
Total cash received - 8 257
Net cash from financing activities - 8 257
Net increase/(decrease) in cash held (32 191) 3 222
Cash and cash equivalents at the beginning of the reporting period 207 005 203 783
Cash and cash equivalents at the end of the reporting period 11 174 814 207 005

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

  1. 2013-14 relates to FMA Act Section 31.

SCHEDULE OF COMMITMENTS
as at 30 June 2015

2015
$		 2014
$
BY TYPE
Commitments Receivable
Net GST receivable on commitments 24 816 25 654
Total Commitments Receivable 24 816 25 654
Commitments Payable
Other Commitments
Other 272 971 272 971
Operating Leases 34 520 9 216
Total Other Commitments Payable 307 491 282 187
Net Commitments by Type 282 675 256 533
BY MATURITY
Commitments Receivable
Within 1 year 4 963 5 634
Between 1 to 5 years 19 853 20 020
More than 5 years - -
Total Commitments Receivable 24 816 25 654
Commitments Payable
Operating Lease Commitments
Within 1 year 10 396 7 373
Between 1 to 5 years 24 124 1 843
More than 5 years - -
Total Operating Lease Commitments Payable 34 520 9 216
Other Commitments Payable
Within 1 year 54 594 54 594
Between 1 to 5 years 218 377 218 377
More than 5 years - -
Total Other Commitments Payable 272 971 272 971
Total Commitments Payable 307 491 282 187
Net Commitments by Maturity 282 675 256 533

Note: Commitments are GST inclusive where relevant.

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

OIGIS holds agreements with PM&C requiring an annual payment of $50,600 for IT support services and $3,994

OIGIS in its capacity as a lessee holds one motor vehicle operating lease.

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