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Part 4.2 Financial statements

a photocopy of the independent auditor's report
a photocopy of the independent auditor's report, page 2

STATEMENT BY THE INSPECTOR-GENERAL OF
INTELLIGENCE AND SECURITY

In my opinion, the attached financial statements for the year ended 30 June 2018 comply with subsection 42(2) of the Public Governance, Performance and Accountability Act 2013 (PGPA Act), and are based on properly maintained financial records as per subsection 41(2) of the PGPA Act.

In my opinion, at the date of this statement, there are reasonable grounds to believe that the Office of the Inspector-General of Intelligence and Security will be able to pay its debts as and when they fall due.

signature of the Hon Margaret Stone

Margaret Stone
Inspector-General of
Intelligence and Security

20 September 2018

OFFICE OF THE INSPECTOR-GENERAL OF INTELLIGENCE AND SECURITY
STATEMENT OF COMPREHENSIVE INCOME
for the year ended 30 June 2018

Notes

2018
$

2017
$

Original
Budget
$

NET COST OF SERVICES

Expenses

Employee benefits

2A

2 844 554

2 590 442

2 784 000

Suppliers

2B

474 353

365 906

500 000

Depreciation

5

44 816

19 562

39 000

Write-down and impairment of asset

-

505

-

Total expenses

3 363 723

2 976 415

3 323 000

Own-Source Income

Own-source revenue

Other revenue

3A

208 854

157 705

-

Total own-source revenue

208 854

157 705

-

Gains

Resources received free of charge

-

-

127 000

Total gains

-

-

127 000

Total own-source income

208 854

157 705

127 000

Net cost of services

3 154 869

2 818 710

3 196 000

Revenue from Government

6 819 000

3 118 000

3 157 000

Surplus /(deficit) after income tax on continuing operations

3 664 131

299 290

(39 000)

OTHER COMPREHENSIVE INCOME

Items not subject to subsequent reclassification to net cost of services

Changes in asset revaluation surplus

-

5 518

-

Total comprehensive income/(loss)

3 664 131

304 808

(39 000)

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 2018

Notes

2018
$

2017
$

Original
Budget
$

ASSETS

Financial Assets

Cash and cash equivalents

199 788

200 498

165 000

Trade and other receivables

4

19 277 017

3 830 223

3 289 000

Total financial assets

19 476 805

4 030 721

3 454 000

Non-Financial Assets

Property, plant and equipment

5

56 468

89 400

126 000

Total non-financial assets

56 468

89 400

126 000

Total Assets

19 533 273

4 120 121

3 580 000

LIABILITIES

Payables

Suppliers

6A

22 463

13 198

21 000

Other payables

6B

53 461

370 703

111 000

Total payables

75 924

383 901

132 000

Provisions

Employee provisions

7

1 050 903

575 062

627 000

Total provisions

1 050 903

575 062

627 000

Total Liabilities

1 126 827

958 963

759 000

Net Assets

18 406 446

3 161 158

2 821 000

EQUITY

Contributed equity

12 109 283

528 126

553 000

Reserves

21 623

21 623

16 000

Retained surplus

6 275 540

2 611 409

2 252 000

Total Equity

18 406 446

3 161 158

2 821 000

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 period 30 June 2018

2018
$

2017
$

Original
Budget
$

CONTRIBUTED EQUITY

Opening balance as at 1 July

528 126

503 126

528 000

Transactions with Owners

Contributions by Owners

Return of Equity

(1 000)

Departmental Capital Budget

11 582 157

25 000

25 000

Total Transactions with Owners

11 581 157

25 000

25 000

Closing balance as at 30 June

12 109 283

528 126

553 000

RETAINED EARNINGS

Opening balance as at 1 July

Balance carried forward from previous period

2 611 409

2 312 119

2 291 000

Comprehensive Income

Surplus/deficit for the period

3 664 131

299 290

(39 000)

Total comprehensive income

3 664 131

299 290

(39 000)

Closing balance as at 30 June

6 275 540

2 611 409

2 252 000

ASSET REVALUATION RESERVE

Opening balance as at 1 July

Balance carried forward from previous period

21 623

16 105

16 000

Comprehensive Income

Other Comprehensive Income

-

5 518

-

Total comprehensive income

-

5 518

-

Closing balance as at 30 June

21 623

21 623

16 000

TOTAL EQUITY

Opening balance

Balance carried forward from previous period

3 161 158

2 831 350

2 835 000

Comprehensive Income

Surplus/deficit for the period

3 664 131

299 290

(39 000)

Other comprehensive income

-

5 518

-

Total comprehensive income

3 664 131

304 808

(39 000)

Transactions with Owners

Contributions by Owners

Return of Equity

(1 000)

Departmental Capital Budget

11 582 157

25 000

25 000

Total Transactions with Owners

11 581 157

25 000

25 000

Closing balance as at 30 June

18 406 446

3 161 158

2 821 000

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

Equity Injections
Amounts appropriated which are designated as 'equity injections' for a year (less any formal reductions) and Departmental Capital Budgets (DCBs) are recognised directly to contributed equity in that year.

OFFICE OF THE INSPECTOR-GENERAL OF INTELLIGENCE AND SECURITY
CASH FLOW STATEMENT
for the year ended 30 June 2018

Notes

2018
$

2017
$

Original
Budget
$

OPERATING ACTIVITIES

Cash received

Appropriations

3 353 815

2,743 480

3 104 000

Net GST received

14 139

7 600

-

Other cash received

261 646

113 705

-

Total cash received

3 629 600

2 864 785

3 104 000

Cash used

Employees

(3 042 837)

(2 412 936)

(2 784 000)

Suppliers

(326 042)

(291 283)

(295 000)

Section 74 receipts transferred to OPA

(261 431)

(113 705)

-

Total cash used

(3 630 310)

(2 817 924)

(3 079 000)

Net cash from/(used by) operating activities

(710)

46 861

25 000

INVESTING ACTIVITIES

Cash used

Purchase of property, plant and equipment

(11 884)

(26 242)

(50 000)

Total cash used

(11 884)

(26 242)

(50 000)

Net cash from/(used by) investing activities

(11 884)

(26 242)

(50 000)

FINANCING ACTIVITIES

Cash received

Contributed equity

11 884

25 000

25 000

Total cash received

11 884

25 000

25 000

Net cash from financing activities

11 884

25 000

25 000

Net increase/(decrease) in cash held

(710)

45 619

-

Cash and cash equivalents at the beginning of the reporting period

200 498

154 879

155 000

Cash and cash equivalents at the end of the reporting period

199 788

200 498

155 000

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


Major Budget Variances for 2018

The following table provides high level commentary of major variances between budgeted information for the OIGIS published in the 2017-18 Portfolio Budget Statements (PBS) and the 2017-18 final outcome as presented in accordance with Australian Accounting Standards for the OIGIS. Adjustments to the original PBS budget during the year included additional funding as published in the 2017-18 Portfolio Additional Estimates Statements (PAES) which included $3,662,000 departmental funding for the expansion of the office and its jurisdiction. The additional funding also included $11,560,000 departmental capital budget funding, which is expected to be expended in 2018-19 when the office relocates, resulting in the variance in contributed equity compared to the original budget.

The Budget is not audited. Major variances are those deemed relevant to an analysis of OIGIS' performance and are not focused merely on numerical differences between the budget and actual amounts. Explanations of major variances are as follows:

Explanation of major variances

Affected line items (and statements)

Revenue from Government - $3,662,000 above budget. The variance relates to additional funding received during Additional Estimates for an expansion of the office and a change in the office's jurisdiction.

Impacted:

Statement of Comprehensive Income:
Revenue from Government

Statement of Financial Position:
Appropriations receivable Retained surplus

Other Revenue – approximately $208,000 above budget which was offset by Gains – Resources Received Free of Charge which was $127,000 below budget following a reclassification. The increase related largely to a change in the assessed value of resources received free of charge from the Department of the Prime Minister and Cabinet for office space. The matching expense also increased which has no overall impact on the retained surplus.

Impacted:

Statement of Comprehensive Income:
Other Revenue
Supplier expenses

Employee Benefits – $60,554 above budget. The variance reflects recruitment action associated with the additional funding received at Additional Estimates.


Other Payables – approximately $57,539 below budget. The variance reflects a decrease in salary reimbursements associated with secondees.

Impacted:

Statement of Comprehensive Income:
Employee expenses

Statement of Financial Position:
Appropriations receivable
Employee provisions
Other payables
Retained surplus

Cashflow Statement:
Cash used - operating activities

Suppliers – $25,647 below budget. The most significant variances related to delayed implementation of Portfolio wide shared service arrangements and expenses associated with the relocation of the office including lease and guard services. Other variances include underspends in expenses driven by the number and scope of inquiry work, including legal and travel expenses.

Impacted:

Statement of Comprehensive Income:
Supplier expenses

Statement of Financial Position:
Appropriation receivable
Suppliers payables
Retained surplus

Cashflow Statement:
Cash used - operating activities

Property, Plant and Equipment – capital expenditure was approximately $13,000 below budget due to changes in the scheduled replacement of existing assets associated with the planned relocation of the office. The variance was also due to the application of accelerated depreciation to assets expected to be disposed of prior to their estimated useful life when the office relocates.

Impacted:

Statement of Comprehensive Income:
Depreciation

Statement of Financial Position:
Property, plant and equipment
Appropriations receivable

Cashflow Statement:
Cash used - investing activities

Employee Provisions - $423,903 above budget. The variance relates to leave liabilities associated with new staff recruited following receipt of the additional funding for the expansion of the office and its jurisdiction.

Impacted:

Statement of Comprehensive Income:
Employee Benefits

Statement of Financial Position:
Appropriation receivable
Other Receivables
Employee Provisions
Retained surplus

Cashflow Statement:
Cash used - operating activities

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

for year ended 30 June 2018

Note 1 – Overview

1.1 Basis of Preparation of the Financial Statements

The financial statements are general purpose financial statements and are required by section 42 of the Public Governance, Performance and Accountability Act 2013.

The Financial Statements have been prepared in accordance with:

  • Public Governance, Performance and Accountability (Financial Reporting) Rule 2015 (FRR); and
  • Australian Accounting Standards and Interpretations – Reduced Disclosure Requirements issued by the Australian Accounting Standards Board (AASB) that apply for the reporting period.

The financial statements have been prepared on an accrual basis and in accordance with the historical cost convention, except for certain assets and liabilities at fair value. Except where stated, no allowance is made for the effect of changing prices on the results or the financial position.

The financial statements are presented in Australian dollars and values are rounded to the nearest dollar.

1.2 Significant Accounting Judgments and Estimates

In the process of applying the accounting policies listed in this note, OIGIS has made judgments in relation to leave provisions that have a significant impact on the amounts recorded in the financial statements. Leave provisions involve assumptions on the likely tenure of existing staff, future salary movements and future discount rates.

Revised estimated useful lives were applied to assets expected to be disposed of during the planned relocation of OIGIS in early 2019.

1.3 New Australian Accounting Standards

New or revised standards, interpretations and amending standards that were issued prior to the sign-off date and are applicable in the current reporting period did not have a material effect, and are not expected to have a future material effect, on OIGIS's financial statements.

1.4 Taxation

OIGIS is exempt from all forms of taxation except Fringe Benefits Tax (FBT) and Goods and Services Tax (GST).

Revenues, expenses and assets are recognised net of GST except:

  • where the amount of GST incurred is not recoverable from the Australian Taxation Office; and
  • for receivables and payables.

1.5 Revenue from Government

Amounts appropriated for departmental appropriations for the year (adjusted for any formal additions and reductions) are recognised as Revenue from Government when OIGIS gains control of the appropriation. Appropriations receivable are recognised at their nominal amounts.

1.6 Events after the Reporting Period

There was no subsequent event that had the potential to significantly affect the ongoing structure and financial activities of OIGIS.

Note 2 – Expenses

2018
$

2017
$

Note 2A – Employee Benefits

Wages and salaries

2 123 953

1 897 944

Superannuation:

Defined benefit plans

162 303

119 336

Defined contribution plans

202 013

210 021

Leave and other entitlements

356 285

195 960

Separations and redundancies

-

167 181

Total employee benefits

2 844 554

2 590 442

Accounting Policy

Accounting policies for employee related expenses are contained in Note 7.

2018
$

2017
$

Note 2B – Suppliers

Goods and services supplied or rendered

Consultants

52 936

19 448

ICT support

46 000

46 000

Legal expenses

-

5 702

Printing non publications

-

8 022

Printing publications

13 614

-

Resources received free of charge:

Notional Rent Charge

175 872

128 000

Notional Audit Fees

21 000

21 000

Notional IT Support Costs

4 545

4 545

Stationery

16 637

9 158

Training

16 150

18 899

Travel

4 559

14 222

Overseas Travel

35 381

44 981

Security Vetting Expenses

43 146

6 380

Other

24 115

17 523

Total goods and services supplied or rendered

453 955

343 880

Other suppliers

Motor Vehicle Lease – minimum lease payments

15 994

15 863

Workers compensation premiums

4 404

6 163

Total other supplier

20 398

22 026

Total supplier

474 353

365 906

Leasing Commitments

Commitments for minimum lease payments in relation to non-cancellable operating leases are payable as follows:

2018
$

2017
$

Within 1 year

6 903

11 134

Between 1 to 5 years

19 181

1 856

Total operating lease commitments

26 084

12 990

Note 3 – Own-Source Revenue

2018
$

2017
$

Note 3A – Other Revenue

Employee FBT Contributions
Other

5 262
2 175

3 880
280

Resources Received Free of Charge:

Department of the Prime Minister & Cabinet

175 872

128 000

Australian National Audit Office

21 000

21 000

Australian Signals Directorate

4 545

4 545

Total other own-source revenue

208 854

157 705

Accounting Policy

Resources Received Free of Charge

Resources received free of charge are recognised as revenue when, and only when, a fair value can be reliably determined and the services would have been purchased if they had not been donated. Use of those resources is recognised as an expense. Resources received free of charge are recorded as either revenue or gains depending on their nature.

The main resources received free of charge in 2017-18 are the provision of office space (from the Department of the Prime Minister and Cabinet) and the installation and maintenance of the OIGIS owned internal secure computer network (from Australian Signals Directorate).

Note 4 – Financial Assets

2018
$

2017
$

Trade and other receivables

Appropriations receivable

19 123 295

3 827 406

GST receivable from the Australian Taxation Office

1 803

2 817

Other receivables

151 919

-

Total trade and other receivables (net)

19 277 017

3 830 223

All receivables are expected to be recovered in less than 12 months.

Accounting Policy

Receivables for goods and services, which have 30 day terms, are recognised at the nominal amounts due less any impairment allowance account. Collectability of debts is reviewed as at end of reporting period. Allowances are made when collectability of the debt is no longer probable. All financial assets have been assessed for impairment at 30 June 2018. No indicators or impairment have been identified.

Note 5 – Non-Financial Assets

Reconciliation of the Opening and Closing Balances of Property, Plant and Equipment

Item

Property, plant & equipment
$

As at 1 July 2017

Gross book value

89 400

Accumulated depreciation and impairment

-

Total as at 1 July 2017

89 400

Additions
by purchase

11 884

Depreciation expense

(44 816)

Total as at 30 June 2018

56 468

Total as at 30 June 2018 represented by:

Gross book value

101 284

Accumulated depreciation and impairment

(44 816)

Total as at 30 June 2017

56 468

Accounting Policy

Acquisition of Assets

Assets are recorded at cost on acquisition except as stated below. The cost of acquisition includes the fair value of assets transferred in exchange and liabilities undertaken. Financial assets are initially measured at their fair value plus transaction costs where appropriate.

Asset Recognition Threshold

Purchases of property, plant and equipment are recognised initially at cost in the statement of financial position, except for purchases costing less than $2,000, which are expensed in the year of acquisition (other than where they form part of a group of similar items which are significant in total).

Fair Value Measurement

The fair values of property plant and equipment are determined using either the market selling price or depreciated replacement cost. The valuation of property plant and equipment at 30 June 2018 included $48,718.47 Level 2 assets (including office equipment and furniture) and $7,750 Level 3 assets (including computer equipment and office furniture.

The unobservable inputs (Level 3 fair value hierarchy) used to determine the fair value, include historical actual cost information and costing guides to estimate the current replacement cost. Useful life profiles have been applied to the replacement cost to reflect the expended life of the asset.

Revaluations

Following initial recognition at cost, property plant and equipment are carried at fair value less subsequent accumulated depreciation and accumulated impairment losses. Valuations are conducted with sufficient frequency to ensure that the carrying amounts of assets do not differ materially from the assets' fair values as at the reporting date. The regularity of independent valuations depends upon the volatility of movements in market values for the relevant assets.

Revaluation adjustments are made on a class basis. Any revaluation increment is credited to equity under the heading of asset revaluation reserve except to the extent that it reverses a previous revaluation decrement of the same asset class that was previously recognised in the surplus/deficit. Revaluation decrements for a class of assets are recognised directly in the surplus/deficit except to the extent that they reverse a previous revaluation increment for that class.

Any accumulated depreciation as at the revaluation date is eliminated against the gross carrying amount of the asset and the asset restated to the revalued amount.

All revaluations are independent and are conducted in accordance with the stated revaluation policy. The most recent revaluation was conducted by the B&A Valuers as at 30 June 2017.

All assets were examined for indicators of impairment during the stocktake completed on 30 June 2018. No indicators of impairment have been identified.

Depreciation

Depreciable property plant and equipment assets are written-off to their estimated residual values over their estimated useful lives to OIGIS using, in all cases, the straight-line method of depreciation.

Depreciation rates (useful lives), residual values and methods are reviewed at each reporting date and necessary adjustments are recognised in the current, or current and future reporting periods, as appropriate.

Depreciation rates of depreciable assets are based on useful lives of 1 – 11 years (2017: 1 – 11 years).

Derecognition

An item of property, plant and equipment is derecognised upon disposal or when no further future economic benefits are expected from its use or disposal.

Note 6 – Payables

2018
$

2017
$

6A - Suppliers

Trade creditors and accruals

22 463

13 198

Total suppliers

22 463

13 198

Supplier payables expected to be settled in no more than 12 months.

Accounting Policy

OIGIS' financial liabilities comprise trade and other payables and are recognised at amortised costs. Liabilities are recognised to the extent that the goods or services have been received (and irrespective of having been invoiced).

2018
$

2017
$

6B - Other Payables

Salaries and wages

23 567

16 681

Superannuation

3 492

2 211

Salary reimbursements for seconded officers

26 030

47 564

Redundancy payment

-

301 740

Other

372

2 507

Total other payables

53 461

370 703

Other Payables are expected to be settled in no more than 12 months.

Accounting Policy

Superannuation

The liability for superannuation recognised as at 30 June represents outstanding contributions.

Note 7 – Employee Provisions

2018
$

2017
$

Employee Provisions

Leave

1 050 903

575 062

Total employee provisions

1 050 903

575 062

Accounting Policy

Liabilities for 'short-term employee benefits' and termination benefits expected within twelve months of the end of the reporting period are measured at their nominal amounts.

Leave

The liability for employee benefits includes provision for annual leave and long service leave. No provision has been made for sick leave as all sick leave is non-vesting and the average sick leave taken in future years by employees of OIGIS is estimated to be less than the annual entitlement for sick leave.

The leave liabilities are calculated on the basis of employees' remuneration at the estimated salary rates that will be applied at the time the leave is taken, including OIGIS's employer superannuation contribution rates to the extent that the leave is likely to be taken during service rather than paid out on termination.

The liability for long service leave has been determined by using the Short Hand Method per the Financial Reporting Rules. The estimate of the present value of the liability takes into account attrition rates and pay increases through promotion and inflation.

Superannuation

Staff of OIGIS are members of the Commonwealth Superannuation Scheme (CSS), the Public Sector Superannuation Scheme (PSS), the PSS accumulation plan (PSSap) and other industry super funds held outside the Australian Government.

The CSS and PSS are defined benefit schemes for the Australian Government. The liability for defined benefits is recognised in the financial statements of the Australian Government and is settled by the Australian Government in due course. This liability is reported in the Department of Finance's administered schedules and notes.

OIGIS makes employer contributions to the employees' superannuation scheme at rates determined by an actuary to be sufficient to meet the current cost to the Government. OIGIS accounts for the contributions as if they were contributions to defined contribution plans.

The PSSap is a defined contribution scheme.

Note 8 – Key Management Personnel Remuneration

Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of OIGIS, directly or indirectly. OIGIS has determined the key management personnel to be the Chief Executive and the Deputy Chief Executive. Key management personnel remuneration is reported in the table below:

2018
$

2017
$

Short-term employee benefits:

Salary

677 030

615 485

Allowances

35 844

41 752

Total short-term employee benefits

712 874

657 237

Post-employment benefits:

Superannuation

90 563

106 719

Total post-employment benefits

90 563

106 719

Other long-term employee benefits:

Annual Leave

61 879

47 792

Long Service Leave

13 343

6 582

Total other long-term employee benefits

75 222

54 374

Total senior executive remuneration expenses

878 659

818 330

Accounting Policy

This note is prepared on an accrual basis. The total number of key management personnel that are included in the above table are 3 individuals (2017: 3 individuals). The 2018 figure includes one of the officers for part of the year whilst the 2017 figure included two officers for part of the year.

Note 9 – Related Party Disclosures

Related Party Relationships

OIGIS is an Australian Government controlled entity. Related parties to OIGIS are:

  • Key Management Personnel, their close family members and entities controlled or jointly controlled by either;
  • the members of the Executive – key management personnel for the whole of government financial statements; and
  • other Australian Government entities.

Transactions with Related Parties

Given the breadth of Government activities, related parties may transact with the government sector in the same capacity as ordinary citizens. Such transactions include the payment or refund of taxes, receipt of a Medicare rebate or higher education loans. These transactions have not been separately disclosed in this note.

The following transactions with related parties occurred during the financial year:

  • The Department of Prime Minister and Cabinet provided OIGIS with access to the Department's unclassified IT system. OIGIS made a $46,000 contribution towards the operating costs of the system. There is no balance outstanding at year end.
  • OIGIS received resources received free of charge from the Department of Prime Minister and Cabinet relating to office lease expenses, The estimated value of $175,872 is reflected in the Statement of Comprehensive Income as both 'other revenue' and a 'suppliers' expense.

Note 10 - Contingent Assets and Liabilities

Contingent liabilities and contingent assets are not recognised in the statement of financial position but are reported in the relevant notes. They may arise from uncertainty as to the existence of a liability or asset or represent an asset or liability in respect of which the amount cannot be reliably measured. Contingent assets are disclosed when settlement is probable but not virtually certain and contingent liabilities are disclosed when settlement is greater than remote.

OIGIS has no contingencies to report at 30 June 2018 (2017: Nil).

Note 11 – Financial Instruments

2018
$

2017
$

Categories of Financial Instruments

Financial Assets

Loans and Receivables

Loans and receivables

Cash and cash equivalents

199 788

200 498

Trade and other receivables

151 919

-

Total financial assets

351 707

200 498

Financial Liabilities

At amortised cost

Suppliers

22 463

13 198

Total financial liabilities

22 463

13 198

The net fair values of the financial assets and liabilities are at their carrying amounts. OIGIS derived no interest income from financial assets in either the current and prior year.

Financial Assets

OIGIS classifies its financial assets as 'loans and receivables'. Financial assets are recognised and derecognised upon trade date.

Financial assets are assessed for impairment at the end of each reporting period.

Credit terms are net 30 days (2017: 30 days).

Financial Liabilities

Financial liabilities are classified as other financial liabilities. Financial liabilities are recognised and derecognised upon 'trade date'.

Supplier and other payables are recognised at amortised cost. Liabilities are recognised to the extent that the goods or services have been received (and irrespective of having been invoiced).

Settlement is usually made net 30 days.

Note 12 – Appropriations

Note 12A – Annual Appropriations ('Recoverable GST exclusive')

Ordinary Annual Services

2018
$

2017
$

Annual Appropriation

6 819 000

3 118 000

PGPA Act – Section 74 Receipts

261 431

113 705

Annual Departmental Capital Budget1

11 585 000

25 000

Total appropriation

18 665 431

3 256 705

Appropriation applied (current and prior years)

3 353 815

2 743 480

Variance2

15 311 616

513 225

  1. Departmental Capital Budgets are appropriated through Appropriation Acts (No 1,3,5). They form part of ordinary annual services, and are not separately identified in the Appropriation Acts.
  2. Variance between Total Appropriation and Appropriation Applied is due in part to section 74 receipts and recruitment delays associated with security clearance requirements prior to the receipt of the additional funding. The most significant factor was the receipt of additional funding part way through the year and the time involved in recruiting additional staff and expanding the agency's activities.

Note 12B: Unspent Annual Appropriations ('Recoverable GST exclusive)

2018
$

2017
$

Departmental

Appropriation Act (No 1) 2013-14 - DCB

-

2 843

Appropriation Act (No 1) 2015-16

-

541 858

Appropriation Act (No 1) 2015-16 – DCB

13 116

25 000

Appropriation Act (No 1) 2016-17

-

1 913 825

Supply Act 1 2016-17

419 747

1 317 879

Appropriation Act (No 1) 2016-17 – DCB

14 000

14 000

Supply Act 1 2016-17 – DCB

11 000

11 000

Appropriation Act (No 1) 2017-18

3 418 431

-

Appropriation Act (No 1) 2017-18 – DCB

25 000

-

Appropriation Act (No 3) 2017-18

3 662 000

Appropriation Act (No 3) 2017-18 – DCB

11 560 000

Cash

199 788

200 498

Total Departmental

19 323 082

4 026 903

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