Q1 Extract from 2007/08 Budget Paper

MINISTER FOR HOUSING, AND MINISTER FOR TOURISM
 ABORIGINAL HOUSING OFFICE

	_______2006-07_______	2007-08
	Budget		Revised	Budget
	$000		$000	$000

OPERATING STATEMENT

Retained Revenue -
   Sales of goods and services*	39,601	23,635	24,806
   Investment income	1,000	1,500	1,500
   Grants and contributions	64,314	60,568	53,508
		
Total Retained Revenue	104,915	85,703	79,814

Less:
Expenses Excluding Losses -
   Operating Expenses -
      Employee related	7,135	7,385	7,682
      Other operating expenses	22,092	26,139	24,274
   Depreciation and amortisation	5,893	5,939	6,178
   Grants and subsidies	43,758	27,418	36,190
   Other expenses*	15,836	...	...
		
Total Expenses Excluding Losses	94,714	66,881	74,324

Gain/(loss) on disposal of non current assets	100	100	100
Other gains/(losses)	(500)	(500)	(500)
		
SURPLUS/(DEFICIT)	9,801	18,422	5,090

*	Other expenses of $15.8 million in the 2006-07 Budget are for rental subsidies.  Since then, the accounting treatment of these subsidies has changed through the use of a contra-revenue account.  This is reflected by the lower figures in the Revised 2006-07 Budget and 2007-08 Budget for Sales of goods and services and Other expenses.

MINISTER FOR HOUSING, AND MINISTER FOR TOURISM
 ABORIGINAL HOUSING OFFICE

	_______2006-07_______	2007-08
	Budget		Revised	Budget
	$000		$000	$000

CASH FLOW STATEMENT

CASH FLOWS FROM OPERATING ACTIVITIES
 Receipts
   Sale of goods and services	23,293	23,123	24,306
   Interest	1,000	1,500	1,500
   Other	65,261	59,358	54,851
		
 Total Receipts	89,554	83,981	80,657

 Payments
   Employee related	6,483	6,421	7,530
   Grants and subsidies	43,698	24,164	36,190
   Other	23,642	27,794	25,534
		
 Total Payments	73,823	58,379	69,254
		
NET CASH FLOWS FROM OPERATING ACTIVITIES	15,731	25,602	11,403

CASH FLOWS FROM INVESTING ACTIVITIES
 Proceeds from sale of property, plant and equipment	1,000	1,123	3,000
 Purchases of property, plant and equipment	(17,646)	(22,598)	(13,500)
 Other	(100)	(336)	...
		
NET CASH FLOWS FROM INVESTING ACTIVITIES	(16,746)	(21,811)	(10,500)
		
NET INCREASE/(DECREASE) IN CASH	(1,015)	3,791	903

 Opening Cash and Cash Equivalents	26,265	35,836	39,627
		
CLOSING CASH AND CASH EQUIVALENTS	25,250	39,627	40,530

CASH FLOW RECONCILIATION
 Surplus/(deficit) for year	9,801	18,422	5,090
 Non cash items added back	5,893	5,939	6,178
 Change in operating assets and liabilities	37	1,241	135
		
 Net cash flow from operating activities	15,731	25,602	11,403

MINISTER FOR HOUSING, AND MINISTER FOR TOURISM
 ABORIGINAL HOUSING OFFICE

	_______2006-07_______	2007-08
	Budget		Revised	Budget
	$000		$000	$000

BALANCE SHEET

ASSETS -
 Current Assets -
    Cash assets	25,250	39,627	40,530
    Receivables	3,628	2,004	2,211
    Other	10	1,152	1,206
		
 Total Current Assets	28,888	42,783	43,947

 Non Current Assets -
    Property, plant and equipment -
        Land and building	859,209	820,363	825,127
        Plant and equipment	1,759	1,496	1,308
        Infrastructure systems	9,073	12,968	12,968
    Intangibles	272	513	359
    Other	668	120	123
		
 Total Non Current Assets	870,981	835,460	839,885
		
 Total Assets	899,869	878,243	883,832

LIABILITIES -
 Current Liabilities -
    Payables	1,696	3,990	4,288
    Provisions	2,850	3,813	3,949
    Other	10,000	...	...
		
 Total Current Liabilities	14,546	7,803	8,237

 Non Current Liabilities -
    Provisions	1,092	1,587	1,652
    Other	...	210	210
		
 Total Non Current Liabilities	1,092	1,797	1,862
		
Total Liabilities	15,638	9,600	10,099
		
NET ASSETS	884,231	868,643	873,733

EQUITY
 Reserves	375,570	342,485	342,485
 Accumulated funds	508,661	526,158	531,248
		
TOTAL EQUITY	884,231	868,643	873,733
 	163,546	256,478	187,817