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Financial Statements 30 June 2018

 

INDEPENDENT AUDITOR’S REPORT

STATEMENT BY THE ACCOUNTABLE AUTHORITY AND CHIEF FINANCIAL OFFICER

In our 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 our opinion, at the date of this statement, there are reasonable grounds to believe that the National Capital Authority will be able to pay its debts as and when they fall due.


Terry Weber
Chair
30 August 2018


Coleen Davis
Chief Financial Officer
30 August 2018

 

STATEMENT OF COMPREHENSIVE INCOME

STATEMENT OF COMPREHENSIVE INCOME. Table showing Total comprehensive income for 2018 at -$2,887

STATEMENT OF FINANCIAL POSITION

STATEMENT OF COMPREHENSIVE INCOME. Table showing Total equity for 2018 at $15,496

STATEMENT OF CHANGES IN EQUITY

STATEMENT OF CHANGES IN EQUITY. Table showing Total equity for 2018 at $15,496 vs Original Budget of $16,357

CASH FLOW STATEMENT

Table showing Cash and cash equivalents at the end of the reporting period for 2018 at $333,000

ADMINISTERED SCHEDULE OF COMPREHENSIVE INCOME

Table showing Total comprehensive income/(loss) for 2018 at $(2,243)

ADMINISTERED SCHEDULE OF ASSETS AND LIABILITIES

Table showing Total Net assets for 2018 at $842,933,000

ADMINISTERED RECONCILIATION SCHEDULE

Table showing Closing assets less liabilities as at 30 June $842,933,000

ADMINISTERED CASH FLOW STATEMENT

Table showing Cash and cash equivalents at the end of the reporting period (30/06/2018) is $107,000

Notes to and forming part of the Financial Statements

Notes to and forming part of the Financial Statements.

1. Departmental Financial Performance

Table showing Total employee benefits is $5,141,000. Total goods and services supplied or rendered is $16,377,000. Total operating lease commitments is $1,038,000

Table showing Total write-down and impairment of assets is $1,506,000. Total sale of goods and rendering of services is $2,240,000

Table showing Total fees is $1,331,000. Total rental income $334,000. Total rental income commitments is $197,000. Total other revenue is $112,000. Total other gains is $229,000.  Total revenue from Government is $17,093,000

 

2. Income and Expenses Administered on Behalf of Government

This section analyses the activities that NCA does not control but administers on behalf of the Government. Unless otherwise noted, the accounting policies adopted are consistent with those applied for departmental reporting.

Table showing Expenses for Total suppliers is $2,570,000. Total write-down and impairment of assets is $9,995,000 and Income of Total rendering services $18,311,000 and Total fees and fines $1,846,000

Table showing Income continued with Total rental income $1,999,999 and Total sublease rental income commitments $68,900,000 and Total other revenue $2,748,000 finally Total other gains $4,000

3. Departmental Financial Position

This section analyses the NCA’s assets used to conduct its operations and the operating liabilities incurred as a result. Employee related information, including employee provisions, is disclosed in the People and Relationships section.

Table showing Financial Assets Total trade and other receivables (net) $6,411,000 and Reconciliation of the Impairment Allowance is 0

Table showing Non-Financial Assets Total as at 30 June 2018 is $14,929,000 and Total Commitments for the acquisition of property, plant and equipment and intangible assets is $2,090,000

Table explaining Accounting Policy with overview on Asset Recognition Threshold, Revaluations, Depreciation &  Impairment

Table explaining Accounting Policy with overview on Heritage and Cultural Assets, Intangibles & Assets Held for Sale. With total for Total other non-financial assets is $18,000

Table Payables with Total suppliers = $1,588,000. Total other payables = $3,539,000 & Other Provisions = $0

 

4. Assets and Liabilities Administered on Behalf of Government

This section analyses assets used to conduct operations and the operating liabilities incurred as a result the NCA does not control but administers on behalf of the Government. Unless otherwise noted, the accounting policies adopted are consistent with those applied for departmental reporting.

Table Administered - Financial Assets with Total trade and other receivables (net) = $1,962,000. Total Reconciliation of the Impairment Allowance = $-61,000

Table Administered - Non-Financial Assets with Total as at 30 June 2018 represented by Gross book value - Accumulated depreciation and amortisation = $865,474,000

Table Administered - Payables with Total suppliers = $4,001,000 & Total other payables = $21,808,000

5. Funding

This section identifies the NCA's funding structure.

Table Appropriations - Total administered = $17,083,000 with a Variance = $1,758,000

Table Appropriations (Cont.) - Total administered = $16,638,000 with a Variance of $4,137,000

Table Appropriations (Cont.) - Total departmental = $6,295,000. Total administered = $4,055,000. Total special appropriation applied = $13,000

Table Regulatory Charging Summary - Total external revenue= $1,212,000. Total comprehensive loss - as per Statement of Comprehensive Income = $-2,887,000

6. People and Relationships

This section describes a range of employment and post employment benefits provided to our people and our relations with other key people.

Table of Employee Provisions - Total employee provisions = $1,404,000

Table of Key Management Personnel Remuneration - Total key management personnel remuneration = $891,000 & Table of Related Party Disclosures - Sponsored construction works = $1,160,000. Parking services = $5,081,000. Legal services = $72,000. Employer superannuation contributions = $699,000. Property lease arrangements = $279,000

7. Managing Uncertainties

This section analyses how the NCA manages financial risks within its operating environment.

Table of Financial Instruments - Total financial assets = $422,000. Total financial liabilities = $-123,000

Table of Administered - Financial Instruments - Total financial assets = $1,511,000. Total financial liabilities = $-220,000

Table of Fair Value Measurements - Non-financial assets (Buildings, Plant and equipment & Heritage and cultural assets) Total = $13,033,000. Also Administered - Fair Value Measurements on Non-financial assets (Land, Buildings, Plant and equipment & Heritage and cultural assets) Total = $864,530,000

 

8. Other information

Explanations of Major Budget Variances - please see PDF for full descriptions

Explanations of Major Budget Variances (Cont.) - please see PDF for full descriptions