Climate Change Authority

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Appendix A

Audited Financial Statements

Contents

Independent audit report 34

Statement by officers 36

Statement of comprehensive income 38

Statement of financial position 39

Statement of changes in equity 40

Cash flow statement 41

Schedule of commitments 42

Notes to the financial statements 43

Statement of Comprehensive Income for the Period Ended 30 June 2014

 

 

 

2014

2013

 

 

Notes

$’000

$’000

 

NET COST OF SERVICES

 

 

 

 

Employee Benefits

Suppliers

Depreciation and amortisation

3A

4,183

3,835

3B

2,054

2,338

3C

285

230

Total Expenses

6,522

6,403

 

OWN-SOURCE INCOME

Own-source revenue

Sale of goods or rendering of services

4A

0

316

Total own-source revenue

 

 

0

316

Gains

 

 

 

 

Other gains

4B

50

50

Total gains

 

 

50

50

Total own-source income

 

 

50

366

Net cost of services

 

 

6,472

6,037

Revenue from Government

4C

8,707

6,170

Surplus attributable to the Australian Government

 

2,235

133

 

 

 

 

 

OTHER COMPREHENSIVE INCOME

Total other comprehensive income

 

0

0

Total Comprehensive Income attributable to the Australian Government

 

2,235

133

 

 

 

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

Statement of Financial Position as at 30 June 2014

 

2014

2013

 

 

Notes

$’000

$’000

ASSETS

Financial Assets

Cash and cash equivalents

6A

16

96

Trade and other receivables

6B

3,417

1,465

Total financial assets

 

3,433

1,561

 

Non-Financial assets

Leasehold improvements

7A

765

1,009

Property, plant and equipment

7B,D

26

48

Intangibles

7C,D

84

103

Other non-financial assets

7E

48

0

Total non-financial assets

 

 

923

1,160

Total Assets

 

 

4,356

2,721

 

 

 

 

 

LIABILITIES

Payables

Suppliers

8A

44

500

Other payables

8B

162

194

Total payables

 

 

206

694

Provisions

 

 

 

 

Employee provisions

9

472

584

Total provisions

 

 

472

584

Total liabilities

 

 

678

1,278

Net Assets

 

 

3,678

1,443

 

 

 

 

 

EQUITY

 

 

 

 

Contributed equity

1,310

1,310

Retained surplus

2,368

133

Total Equity

 

 

3,678

1,443

 

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

Statement of Changes in Equity for the Period Ended 30 June 2014

 

Retained Earnings

Contributed Equity

Total Equity

 

2014

2013

2014

2013

2014

2013

 

$’000

$’000

$’000

$’000

$’000

$’000

Opening balance

Balance carried forward from previous period

133

0

1,310

0

1,443

0

Adjusted opening balance

133

0

1,310

0

1,443

0

 

Comprehensive Income

Surplus for the period

2,235

133

0

0

2,235

133

Other comprehensive income

0

0

0

0

0

0

Total comprehensive income

2,235

133

0

0

2,235

133

 

 

 

 

 

 

 

Transactions with owners

 

 

 

 

 

 

Contribution by Owners

 

 

 

 

 

 

Equity Contribution – fit out

0

0

0

1,310

0

1,310

Total transactions with owners

0

0

0

1,310

0

1,310

Closing balance as at 30 June

2,368

133

1,310

1,310

3,678

1,443

Closing balance attributable to the Australian Government

2,368

133

1,310

1,310

3,678

1,443

 

 

 

 

 

 

 

 

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

Cash Flow Statement for the Period Ended 30 June 2014

 

 

 

2014

2013

 

 

Notes

$’000

$’000

OPERATING ACTIVITIES

Cash Received

Appropriations

 

6,237

5,203

Sales of goods and rendering of services

 

483

133

Net GST received

 

36

3

Total cash received

 

 

6,756

5,339

 

Cash used

Employees

 

4,322

3,314

Suppliers

 

2,514

1,849

Total cash used

 

 

6,836

5,163

Net cash from (used by) operating activities

 

10

(80)

176

 

 

 

 

 

INVESTING ACTIVITIES

 

 

 

 

Cash used

Purchase of property, plant and equipment

0

80

Total cash used

 

0

80

Net cash from (used by) investing activities

0

(80)

 

FINANCING ACTIVITIES

Cash Received

 

0

0

Total cash received

 

0

0

 

Net cash from (used by) financing activities

 

0

0

 

Net increase (decrease) in cash held

 

(80)

96

Cash and cash equivalents at the beginning of the reporting period

 

96

0

Cash and cash equivalents at the end of the reporting period

 

16

96

 

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

Schedule of Commitments as at 30 June 2014

 

 

2014

2013

 

 

$’000

$’000

BY TYPE

 

 

 

Commitments receivable

Net GST recoverable on commitments

192

249

Total commitments receivable

192

249

 

 

 

 

Commitments payable

Other commitments

Operating Leases

(2,112)

(2,744)

Total other commitments

(2,112)

(2,744)

Total commitments payable

(2,112)

(2,744)

Net commitments by type

(1,920)

(2,495)

 

BY MATURITY

Commitments receivable

Other commitments receivable

One year or less

60

57

From one to five years

132

192

Total other commitments receivable

192

249

Total commitments receivable

192

249

 

Commitments payable

Operating lease commitments

One year or less

(658)

(632)

From one to five years

(1,454)

(2,112)

Total operating lease commitments

(2,112)

(2,744)

Total commitments payable

(2,112)

(2,744)

Net commitments by maturity

(1,920)

(2,495)

 

Note: Commitments are GST inclusive where relevant.

CCA has entered into a lease arrangement for office accommodations at 90 Collins St. Melbourne for a period of five years from 15 August 2012.

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