Appendix 1: Financial Statements
Federal Court of Australia Annual Report 2011-2012
Independent auditor's report
To the Attorney-General
I have audited the accompanying financial statements of the Federal Court of Australia for the year ended 30 June 2012, which comprise a Statement by the Registrar and Chief Finance Officer; Statement of Comprehensive income; Balance Sheet; Statement of Changes in Equity; Cash Flow Statement; Schedule of Commitments; Schedule of Contingencies; Administered Schedule of Comprehensive Income; Administered Schedule of Assets and Liabilities; Administered Reconciliation Schedule; Administered Cash Flow Statement; Schedule of Administered Commitments; Schedule of Administered Contingencies and Notes to and forming part of the Financial Statements, including a Summary of Significant Accounting Policies.
Registrar's Responsibility for the Financial Statements
The Registrar of the Federal Court of Australia is responsible tin the preparation of the financial statements that give a true and fair view in accordance with the Finance Minister's Orders made under the Financial Management and Accountability Act 1997, including the Australian Accounting Standards, and for such internal control as is necessary to enable the preparation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.
Auditor's Responsibility
My responsibility is to express an opinion on the financial statements based on my audit. I have conducted my audit in accordance with the Australian National Audit Office Auditing Standards, which incorporate the Australian Auditing Standards. These auditing standards require that I comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Federal Cowl of Australia's preparation of the financial statements that give a true and fair view in order to design audit procedures that re appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Federal Court of Australia's internal control. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of accounting estimates made by the Registrar of the Federal Court of Australia, as well as evaluating the overall presentation of the financial statements.
I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my audit opinion.
Independence
In conducting my audit, I have followed the independence requirements of the Australian National Audit Office, which incorporate the requirement of the Australian accounting profession.
Opinion
In my opinion, the financial statements of the Federal Court of Australia:
(a) have been prepared in accordance with the Finance Minister's Orders made under the Financial Management and Accountability Act 1997, including Australian Accounting Standards; and
(b) give a true and fair view of the matters required by the Finance Minister's Orders including the Federal Court of Australia's financial position as at 30 June 2012 and of its financial performance and cash flows for the year then ended.
Australian National Audit Office
Kristian Gage
Audit Principal
Delegate of the Auditor-General
Canberra
4 September 2012
Statement by the Registrar and Chief Financial Officer
In our opinion, the attached financial statements for the year ended 30 June 2012 are based on properly maintained financial records and give a true and fair view of the matters required by the Finance Minister's Orders made under the Financial Management and Accountability Act 1997. as amended.
Signed Signed
Warwick Soden Peter Bowen
Registrar and Chief Executive Officer Chief Finance Officer
3 September 2012 3 September 2012
Statement of comprehensive income
For the period ended 30 June 2012
|
NOTES |
2012 |
2011 |
---|---|---|---|
|
|
|
|
EXPENSES |
|
|
|
Judge benefits |
2A |
30,126 |
27,420 |
Employee benefits |
2A |
32,100 |
31,410 |
Suppliers |
2B |
49,892 |
45,221 |
Depreciation and amortisation |
2C |
3,148 |
2,845 |
Finance costs |
2D |
85 |
18 |
Write-down and impairment of assets |
2E |
11 |
5,113 |
Loss on sale of assets |
2F |
– |
3 |
Other payments to FMC |
2G |
– |
387 |
Contribution to FMC |
2H |
– |
2,561 |
Total Expenses |
|
115,362 |
114,978 |
|
|
|
|
Less: |
|
|
|
Own-source revenue |
|
|
|
Sale of goods and rendering of services |
3A |
4,566 |
2,532 |
Total own-source revenue |
|
4,566 |
2,532 |
|
|
|
|
Gains |
|
|
|
Sale of assets |
2F |
– |
– |
Other gains |
3B |
20,420 |
15,754 |
Total gains |
|
20,420 |
15,754 |
Total own-source income |
|
24,986 |
18,286 |
|
|
|
|
Net cost of services |
|
90,376 |
96,692 |
|
|
|
|
Revenue from Government |
3C |
86,116 |
88,325 |
(Deficit) attributable to the Australian Government |
|
(4,260) |
(8,367) |
|
|
|
|
OTHER COMPREHENSIVE INCOME |
|
|
|
Changes in asset revaluation surplus |
|
– |
295 |
Total comprehensive income |
|
– |
295 |
Total comprehensive income (Loss) attributable |
|
(4,260) |
(8,072) |
The above statement should be read in conjunction with the accompanying notes.
Balance sheet
As at 30 June 2012
|
NOTES |
2012 |
2011 |
---|---|---|---|
|
|
|
|
ASSETS |
|
|
|
Financial Assets |
|
|
|
Cash and cash equivalents |
4A |
1,353 |
810 |
Trade and other receivables |
4B |
30,846 |
29,591 |
Total financial assets |
|
32,199 |
30,401 |
|
|
|
|
Non-Financial Assets |
|
|
|
Land and buildings |
5A |
11,590 |
12,273 |
Infrastructure, plant and equipment |
5B |
6,530 |
5,845 |
Intangibles |
5C |
2,611 |
1,596 |
Other non-financial assets |
5E |
543 |
1,825 |
Total non-financial assets |
|
21,274 |
21,539 |
Total Assets |
|
53,473 |
51,940 |
|
|
|
|
LIABILITIES |
|
|
|
Payables |
|
|
|
Suppliers |
6A |
(1,185) |
(940) |
Other Payables |
6B |
(1,349) |
(915) |
Total payables |
|
(2,534) |
(1,855) |
|
|
|
|
Interest Bearing Liabilities |
|
|
|
Leases |
7 |
(1,183) |
(735) |
Total interest bearing liabilities |
|
(1,183) |
(735) |
|
|
|
|
Provisions |
|
|
|
Judge and employee provisions |
8 |
(17,069) |
(15,805) |
Total provisions |
|
(17,069) |
(15,805) |
Total Liabilities |
|
(20,786) |
(18,395) |
Net Assets |
|
32,687 |
33,545 |
|
|
|
|
EQUITY |
|
|
|
Contributed equity |
|
19,727 |
16,325 |
Reserves |
|
1,584 |
1,584 |
Retained surplus |
|
11,376 |
15,636 |
Total Equity |
|
32,687 |
33,545 |
The above statement should be read in conjunction with the accompanying notes.
Statement of changes in equity
For the period ended 30 June 2012
|
Retained |
Asset Revaluation |
Contributed |
Total Equity | ||||
---|---|---|---|---|---|---|---|---|
|
2012 |
2011 |
2012 |
2011 |
2012 |
2011 |
2012 |
2011 |
|
|
|
|
|
|
|
|
|
Opening balance |
15,636 |
24,003 |
1,584 |
1,289 |
16,325 |
9,719 |
33,545 |
35,011 |
Comprehensive Income |
|
|
|
|
|
|
|
|
Other Comprehensive Income |
– |
– |
– |
295 |
– |
– |
– |
295 |
(Deficit) for period |
(4,260) |
(8,367) |
– |
– |
– |
– |
(4,260) |
(8,367) |
Total comprehensive income |
(4,260) |
(8,367) |
– |
295 |
– |
– |
(4,260) |
(8,072) |
| ||||||||
Contributions by owners |
|
|
|
|
|
|
|
|
Equity Injection – Appropriations |
– |
– |
– |
– |
– |
360 |
– |
360 |
Departmental Capital Budget |
– |
– |
– |
– |
3,402 |
6,246 |
3,402 |
6,246 |
Sub-total transactions |
– |
– |
– |
– |
3,402 |
6,606 |
3,402 |
6,606 |
Closing balance as |
11,376 |
15,636 |
1,584 |
1,584 |
19,727 |
16,325 |
32,687 |
33,545 |
Closing balance attributable to the Australian Government |
11,376 |
15,636 |
1,584 |
1,584 |
19,727 |
16,325 |
32,687 |
33,545 |
|
|
|
|
|
|
|
|
|
The above statement should be read in conjunction with the accompanying notes.
Cash flow statement
For the period ended 30 June 2012
|
NOTES |
2012 |
2011 |
---|---|---|---|
|
|
|
|
OPERATING ACTIVITIES |
|
|
|
Cash received |
|
|
|
Goods and services |
|
4,344 |
1,812 |
Appropriations |
|
89,160 |
96,035 |
Refunds credited |
|
43 |
26 |
Net GST received |
|
189 |
190 |
Total cash received |
|
93,736 |
98,063 |
|
|
|
|
Cash used |
|
|
|
Judges and employees |
|
(49,796) |
(49,556) |
Suppliers |
|
(39,021) |
(46,577) |
Borrowing costs |
|
(85) |
(18) |
Section 31 receipts transferred to OPA |
|
(4,170) |
(1,613) |
Total cash used |
|
(93,072) |
(97,764) |
Net cash from operating activities |
9 |
664 |
299 |
|
|
|
|
INVESTING ACTIVITIES |
|
|
|
Cash received |
|
|
|
Proceeds from sales of property, plant and equipment |
|
2 |
19 |
Total cash received |
|
2 |
19 |
|
|
|
|
Cash used |
|
|
|
Purchase of property, plant and equipment |
|
(2,047) |
(3,854) |
Purchase of intangibles |
|
(1,354) |
(313) |
Total cash used |
|
(3,401) |
(4,167) |
Net cash (used by) investing activities |
|
(3,399) |
(4,148) |
|
|
|
|
FINANCING ACTIVITIES |
|
|
|
Cash received |
|
|
|
Appropriations – contributed equity |
|
3,602 |
4,195 |
Total cash received |
|
3,602 |
4,195 |
|
|
|
|
Cash used |
|
|
|
Payment of finance lease liabilities |
|
(324) |
(123) |
Total cash used |
|
(324) |
(123) |
Net cash from financing activities |
|
3,278 |
4,072 |
|
|
|
|
Net increase in cash held |
|
543 |
223 |
Cash at the beginning of the reporting period |
|
810 |
587 |
Cash at the end of the reporting period |
4A |
1,353 |
810 |
The above statement should be read in conjunction with the accompanying notes.
Schedule of commitments
As at 30 June 2012
|
NOTES |
2012 |
2011 |
---|---|---|---|
|
|
|
|
BY TYPE |
|
|
|
Commitments receivable |
|
|
|
Net GST recoverable on commitments |
|
2,473 |
17,116 |
Total commitments receivable |
|
2,473 |
17,116 |
|
|
|
|
Commitments payable |
|
|
|
Capital commitments |
|
|
|
Property, plant and equipment1 |
|
(1,045) |
(139) |
Total capital commitments |
|
(1,045) |
(139) |
|
|
|
|
Other commitments |
|
|
|
Operating leases2 |
|
(24,110) |
(187,323) |
Other3 |
|
(2,042) |
(817) |
Total other commitments |
|
(26,152) |
(188,140) |
Net commitments by type |
|
(24,724) |
(171,163) |
|
|
|
|
BY MATURITY |
|
|
|
Commitments receivable |
|
|
|
One year or less |
|
567 |
1,686 |
From one to five years |
|
1,906 |
6,536 |
Over five years |
|
– |
8,894 |
Total commitments receivable |
|
2,473 |
17,116 |
|
|
|
|
Capital commitments |
|
|
|
One year or less |
|
(1,045) |
(139) |
Total capital commitments |
|
(1,045) |
(139) |
|
|
|
|
Operating lease commitments |
|
|
|
One year or less |
|
(4,851) |
(17,591) |
From one to five years |
|
(19,259) |
(71,896) |
Over five years |
|
– |
(97,836) |
Total operating lease commitments |
|
(24,110) |
(187,323) |
|
|
|
|
Other commitments |
|
|
|
One year or less |
|
(340) |
(817) |
From one to five years |
|
(1,702) |
– |
Total other commitments |
|
(2,042) |
(817) |
Net Commitments by Maturity |
|
(24,724) |
(171,163) |
NB: Commitments are GST inclusive where relevant.
1. Plant and equipment commitments are primarily contracts for the purchase of furniture and fittings.
Nature of leases/General description
2.Operating leases included are effectively non-cancellable and comprise:
Leases for judicial and other accommodation.
These commitments are mainly for rental of special purpose court buildings which are occupied by the Court's registries. The court buildings are owned by the Commonwealth of Australia, except for the New South Wales court building, which is owned by Law Courts Limited, a joint venture between the NSW State and Commonwealth Governments. In the Northern Territory, space is leased from the Northern Territory Government.
The arrangements for the Court's leases in the Commonwealth Law Courts building have changed from 1 July 2012. The Court will no longer be responsible for lease payments in the special purpose portion of these buildings. This portion includes courtrooms and judicial accommodation. This has led to a significant reduction in the commitment of the Court for operating lease payments.
Agreements for the provision of motor vehicles to judges and senior officers.
The Court leases motor vehicles from Lease Plan under the terms of a contract that is operative until January 2013. These vehicles are leased under individual operating leases.
3. Other commitments – The Court has entered into commitments for the provision of information technology and library goods and services.
The above schedule should be read in conjunction with the accompanying notes.
Schedule of contingencies
As at 30 June 2012
There were no contingent losses or gains as at 30 June 2012 (2011: nil).
The above schedule should be read in conjunction with the accompanying notes.
Schedule of administered items
For the period ended 30 June 2012
|
NOTES |
2012 |
2011 |
---|---|---|---|
|
|
|
|
ADMINISTERED SCHEDULE OF COMPREHENSIVE INCOME for the period ended 30 June 2012 |
|
|
|
|
|
|
|
EXPENSES |
|
|
|
Fees and fines – provision for doubtful debts |
13 |
(310) |
(98) |
Total expenses administered on behalf of Government |
|
(310) |
(98) |
|
|
|
|
LESS: |
|
|
|
OWN SOURCE INCOME |
|
|
|
Own-Source Revenue |
|
|
|
Non Taxation Revenue |
|
|
|
Fees (filing and hearing fees) |
14 |
10,446 |
10,514 |
Fines |
14 |
536 |
2,032 |
Other revenue |
14 |
79 |
43 |
Total non-taxation revenue |
|
11,061 |
12,589 |
|
|
|
|
Total own-source revenue administered on behalf of Government |
|
11,061 |
12,589 |
Net cost of (contribution by) services |
|
(10,751) |
(12,491) |
|
|
|
|
OTHER COMPREHENSIVE INCOME |
|
– |
– |
Total comprehensive income |
|
10,751 |
12,491 |
ASSETS |
|
|
|
Financial assets |
|
|
|
Cash and cash equivalents |
15A |
30 |
23 |
Receivables |
15B |
539 |
803 |
Total assets administered on behalf of Government |
|
569 |
826 |
LIABILITIES |
|
|
|
Payables |
|
|
|
Refunds of fees |
16A |
– |
1 |
Total payables |
|
– |
1 |
Total liabilities administered on behalf of Government |
|
– |
1 |
|
|
|
|
Net assets |
|
569 |
825 |
Opening net administered assets |
|
825 |
409 |
Plus: Administered income |
|
11,061 |
12,589 |
Less: Administered expenses |
|
(310) |
(98) |
Administered transfers to/from Australian Government: |
|
|
|
Administered assets and liabilities appropriations |
|
315 |
350 |
Transfers to OPA |
|
(11,322) |
(12,424) |
Closing net administered assets |
|
569 |
825 |
OPERATING ACTIVITIES |
|
|
|
Cash received |
|
|
|
Fees |
|
10,694 |
10,304 |
Fines |
|
536 |
2,059 |
Other |
|
79 |
44 |
Total cash received |
|
11,309 |
12,407 |
|
|
|
|
Cash used |
|
|
|
Refund of court fees and fines |
|
(295) |
(350) |
Total cash used |
|
(295) |
(350) |
Net cash flows from operating activities |
|
11,014 |
12,057 |
|
|
|
|
Net Increase in cash held |
17 |
11,014 |
12,057 |
|
|
|
|
Cash at the beginning of the reporting period |
|
23 |
40 |
Cash from Official Public Account for: |
|
|
|
– Appropriations |
|
315 |
350 |
|
|
315 |
350 |
|
|
|
|
Cash to Official Public Account |
|
(11,322) |
(12,424) |
|
|
(11,322) |
(12,424) |
|
|
|
|
Cash at the end of the reporting period |
17 |
30 |
23 |
|
|
|
|
|
|
|
|
SCHEDULE OF ADMINISTERED COMMITMENTS |
|
|
|
as at 30 June 2012 |
|
|
|
There were no Administered commitments as at 30 June 2012. (2011: nil) |
|
|
|
|
|
|
|
SCHEDULE OF ADMINISTERED CONTINGENCIES |
|
|
|
as at 30 June 2012 |
|
|
|
There were no Administered contingent losses or gains as at |
|
|
|
The above schedule should be read in conjunction with the accompanying notes.
Notes to and forming part of the financial statements
For the period ended 30 June 2012
Note 1: Summary of Significant Accounting Policies
Note 7: Interest Bearing Liabilities
Note 9: Cash Flow Reconciliation
Note 10: Executive Remuneration
Note 11: Remuneration of Auditors
Note 12: Financial Instruments
Note 13: Income Administered on Behalf of Government
Note 14: Expenses Administered on Behalf of Government
Note 15: Assets Administered on Behalf of Government
Note 16: Liabilities Administered on Behalf of Government
Note 17: Administered Reconciliation Table
Note 18: Administered Financial Instruments
Note 21: Compliance with Statutory Conditions for Payments from the Consolidated Revenue Fund
Note 22: Compensation and Debt Relief
Note 23: Reporting of Outcomes
Note 24: Comprehensive Income (Loss) attributable to the Court
Note 1: Summary of significant accounting policies
1.1 Objectives of the Court
The Federal Court of Australia is an Australian Government controlled entity. The Court is a not for profit entity. The objectives of the Court are to:
- decide disputes according to law promptly, courteously and effectively; and in so doing to interpret the statutory law and develop the general law of the Commonwealth, so as to fulfil the role of a court exercising the judicial power of the Commonwealth under the Constitution;
- provide an effective registry service to the community; and
- manage the resources allotted by Parliament efficiently.
The Court is structured to meet one Outcome:
Outcome: To apply and uphold the rule of law to deliver remedies and enforce rights and in so doing, contribute to the social and economic development and well-being of all Australians.
The Court's activities contributing toward this outcome are classified as either departmental or administered. Departmental activities involve the use of assets, liabilities, revenue and expenses controlled or incurred by the Court in its own right. Administered activities involve the management or oversight by the Court, on behalf of the Government, of items controlled or incurred by the Government.
The Court conducts the following administered activity on behalf of the Government: The collection of fees and fines.
The continued existence of the Court in its present form and with its present programs is dependent on Government policy and on continuing appropriations by Parliament for the Court's administration and programs.
1.2 Basis of Preparation of the Financial Statements
The financial statements are general purpose financial statements and are required by section 49 of the Financial Management and Accountability Act 1997.
The financial statements and notes have been prepared in accordance with:
- Finance Minister's Orders (or FMOs), for reporting periods ending on or after 1 July 2011; and
- Australian Accounting Standards and Interpretations 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 is in accordance with the historical cost convention, except for certain assets 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 thousand dollars unless otherwise specified.
Unless alternative treatment is specifically required by an Accounting Standard or the FMOs, assets and liabilities are recognised in the balance sheet when and only when it is probable that future economic benefits will flow to the Court and the amounts of assets or liabilities can be reliably measured. However, assets and liabilities arising under executor contracts are not recognised unless required by an Accounting Standard. Liabilities and assets that are unrecognised are reported in the Schedule of Commitments and the Schedule of Contingencies.
Unless alternative treatment is specifically required by an accounting standard, revenues and expenses are recognised in the Statement of Comprehensive Income only when the flow or consumption or loss of economic benefits has occurred and can be reliably measured.
Administered revenues, expenses, assets and liabilities and cash flows reported in the Schedule of Administered Items and related notes are accounted for on the same basis and using the same policies as for departmental items.
1.3 Significant Accounting Judgements and Estimates
No accounting assumptions or estimates have been identified that have a significant risk of causing a material adjustment to carrying amounts of assets and liabilities within the next accounting period.
1.4 Changes in Australian Accounting Standards
Adoption of new Australian Accounting Standard requirements
No accounting standard has been adopted earlier than the application date as stated in the standard. No new accounting standards, amendments to standards and interpretations issued by the Australian accounting standards Board that are applicable in the current period have had a material financial affect on the Court.
Future Australian Accounting Standard requirements
New standards, amendments to standards, and interpretations that are applicable to future periods have been issued by the Australian Accounting Standards Board. It is estimated that adopting these pronouncements, when effective, will have no material impact on future reporting periods.
1.5 Revenue
Revenue from the sale of goods is recognised when:
a) the risks and rewards of ownership have been transferred to the buyer;
b) the entity retains no managerial involvement or effective control over the goods;
c) the revenue and transaction costs incurred can be reliably measured; and
d) it is probable that the economic benefits associated with the transaction will flow to the Court.
Revenue from rendering of services is recognised by reference to the stage of completion of contracts at the reporting date. The revenue is recognised when:
a)
The amount of revenue, stage of completion and transaction costs incurred can be reliably measured; and
b) The probable economic benefits associated with the transaction will flow to the Court.
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 at the balance date. Allowances are made when collection of the debt is no longer probable.
Revenue from Government
Amounts appropriated for departmental outputs appropriations for the year (adjusted for any formal additions and reductions) are recognised as revenue when the Court gains control of the appropriation, except for certain amounts that relate to activities which are reciprocal in nature, in which case revenue has been recognised only when it has been earned. Appropriations receivable are recognised at their nominal amounts.
1.6 Gains
Resources Received Free of Charge
Resources received free of charge are recognised as gains 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 these resources is recognised as an expense.
Contributions of assets at no cost of acquisition or for nominal consideration are recognised as gains at their fair value when the asset qualifies for recognition, unless received from another Government entity as a consequence of a restructure of administrative arrangements.
Resources received free of charge are recognised as either revenue or gains depending on their nature.
Sale of Assets
Gains from disposal of non-current assets are recognised when control of the asset has passed
to the buyer.
1.7 Transactions with the Government as Owner
Equity Injections
Amounts appropriated which are designated as 'equity injections' (less any formal reductions) and Departmental Capital Budgets (DCBs) are recognised directly in contributed equity in that year.
Other Distributions to owners
The FMO require that distributions to owners be debited to contributed equity unless it is in the nature
of a dividend.
1.8 Judge and Employee Benefits
Liabilities for 'short-term employee benefits' (as defined in AASB 119 Employee Benefits) and termination benefits due within twelve months of balance date are measured at their nominal amounts.
The nominal amount is calculated with regard to the rates expected to be paid on settlement
of the liability.
All other judge and employee benefit liabilities are measured as the present value of the estimated future cash outflows to be made in respect of services provided by judges and employees up to the reporting date.
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 the Court is estimated to be less than the annual entitlement for sick leave.
The long service leave provision is based on the Court's estimated liability at balance date. Court staff employed under the Public Service Act accrue 3 months long service leave after 10 years service, and proportionally thereafter. The estimate of the present liability takes into account attrition rates and pay increases through promotion and inflation. Judges accrue 6 months long leave after 5 years of service. In recognition of the nature of Judges' tenure, a provision is accrued from the first year of service.
The leave liabilities are calculated on the basis of employees' remuneration at the estimated salary rates that applied at the time the leave is taken. This includes the Court's employer superannuation contribution rates to the extent that the leave is likely to be taken during service rather than paid out on termination.
Superannuation
Staff of the Court are members of the Commonwealth Superannuation Scheme (CSS), the Public Sector Superannuation Scheme (PSS) or the PSS accumulation plan (PSSap). Some staff members elect to have contributions made to another superannuation fund of their choice.
The CSS and PSS are defined benefit schemes for the Commonwealth. The PSSap is a defined contribution scheme.
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 by the Department
of Finance and Deregulation as an administered item.
The Court makes employer contributions to the employee superannuation scheme at rates determined by an actuary to be sufficient to meet the current cost to the Government of the superannuation entitlements of the Court's employees. The Court accounts for the contributions as if they were contributions to defined contribution plans. For those staff members who have elected to have contributions made to a scheme of their choice, the Court makes payments of the amount required under Commonwealth legislation.
The liability for superannuation recognised as at 30 June represents outstanding contributions for the final fortnight of the year.
Judges' Pension
Under the Judges' Pension Act 1968, Federal Court Judges are entitled to a non-contributory pension upon retirement after 6 years service. Where entitlements are not available under the Judges Pension Act 1968, entitlements are available under the Superannuation (Productivity Benefit) Act 1988. As the liability for these pension payments is assumed by the Australian Government, the Court has not recognised a liability for unfunded superannuation liability. The Court does, however, recognise an expense and a corresponding revenue item, "Liabilities assumed by other agencies", in respect of the notional amount of the employer contributions to Judges' pensions for the reporting period amounting to $11,112,406 (2010-11: $9,754,417). The contribution rate has been provided by the Australian Government Actuary.
1.9 Leases
A distinction is made between finance leases and operating leases. Finance leases effectively transfer from the lessor to the lessee substantially all the risks and benefits incidental to ownership of leased non-current assets. An operating lease is a lease that is not a finance lease. In operating leases, the lessor effectively retains substantially all such risks and benefits.
Where a non-current asset is acquired by means of a finance lease, the asset is capitalised at either the fair value of the lease property or, if lower, the present value of minimum lease payments at the inception of the contract and a liability recognised at the same time and for the same amount.
The discount rate used is the interest rate implicit in the lease. Leased assets are amortised over the period of the lease. Lease payments are allocated between the principal component and the interest expense.
Operating lease payments are expensed on a straight line basis which is representative of the pattern
of benefits derived from the leased assets.
1.10 Cash
Cash means notes and coins held and any deposits in bank accounts with an original maturity of 3 months or less that are readily convertible to known amounts of cash and subject to insignificant risk of changes in value. Cash is recognised at its nominal amount.
1.11 Financial Assets
Loans and receivables
Trade receivables, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. They are included in current assets, except for maturities greater than 12 months after the balance sheet date. These are classified as non-current assets. The Court does not have any loans at the balance sheet date.
Impairment of financial assets
Financial assets are assessed for impairment at each balance date.
- Financial assets carried at cost – If there is objective evidence that an impairment loss has been incurred, the amount of the impairment loss is the difference between the carrying amount of the asset and the present value of the estimated future cash flows discounted at the current market rate for similar assets.
1.12 Financial Liabilities
Supplier and other payables
Supplier and other payables are recognised at nominal cost. Liabilities are recognised to the extent that the goods or services have been received, irrespective of having been invoiced.
1.13 Contingent Liabilities and Contingent Assets
Contingent liabilities and contingent assets are not recognised in the balance sheet but are reported in the relevant schedules and 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.
1.14 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.
Assets acquired at no cost, or for nominal consideration, are initially recognised as assets and revenues at their fair value at the date of acquisition.
1.15 Property, Plant and Equipment
Asset Recognition Threshold
Purchases of property, plant and equipment are recognised initially at cost in the Balance Sheet, except for purchases of:
- assets other than information technology equipment costing less than $2,000; and
- information technology equipment costing less than $1,500;
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.
Revaluations
Fair values for each class of asset are determined as shown below:
Asset class Fair value measured at:
Buildings Market selling price
Leasehold improvements Depreciated replacement cost
Plant & Equipment Market selling price
Following initial recognition at cost, buildings, infrastructure, plant and equipment are carried at fair value less 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 asset revaluation reserve except to the extent that it reverses a previous revaluation decrement of the same asset class previously recognised in the surplus / (deficit). Revaluation decrements for a class of assets are recognised directly through the Income Statement except to the extent that they reverse a previous revaluation increment for that class.
Any accumulated depreciation as at the valuation date is eliminated against the gross carrying amount of the asset and the asset restated to the revalued amount.
Depreciation
Depreciable property plant and equipment assets are written-off to their estimated residual values over their estimated useful lives to the Court using, in all cases, the straight-line method of depreciation. Leasehold improvements are depreciated over the lesser of the estimated useful life of the improvements or the unexpired period of the lease.
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 and amortisation rates for each class of depreciable asset are based on the following useful lives:
2012 | 2011 | |
---|---|---|
Leasehold improvements | 10 years or Lease term | 10 years or Lease term |
Plant and equipment – excluding library materials | 3 to 250 years | 3 to 250 years |
Plant and equipment – library materials | 5 to 10 years | 5 to 40 years |
Impairment
All assets are assessed for impairment at 30 June. Where indications of impairment exist, the asset's recoverable amount is estimated and an adjustment made if the asset's recoverable amount is less that its carrying amount.
The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. Value in use is the present value of the future cash flows expected to be derived from the asset. Where the future economic benefit of an asset is not primarily dependent on the asset's ability to generate future cash flows, and the asset would be replaced if the Court were deprived of the asset, its value in use is taken to be its depreciated replacement cost.
Derecognition
An item of property, plant and equipment is derecognised upon disposal or when no future economic benefits are expected from its use or disposal.
1.16 Intangibles
The Court's intangibles comprise externally and internally developed software for internal use.
These assets are carried at cost less accumulated amortisation and accumulated impairment loss.
Software is amortised on a straight line basis over its anticipated useful life of 5 years (2010-11: 5 years).
All software assets were assessed for indications of impairment at 30 June 2012.
1.17 Taxation
The Court 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 Australia Taxation Office; and
- for receivables and payables.
1.18 Resources Provided Free of Charge
For the period 1 July 2011 to 30 June 2012, the Court provided $8.855m worth of resources free of charge to the Federal Magistrates Court. (2011: $8.760m).
1.19 Reporting of Administered Activities
Administered revenues, expenses, assets, liabilities and cash flows are disclosed in the administered schedules and related notes.
Except where stated below, administered items are accounted for on the same basis and using the same policies as the Court, including the application of Australian Accounting Standards.
Administered Cash Transfers to and from Official Public Account
Revenue collected by the Court for use by the Government rather than the Court is administered revenue. Collections are transferred to the Official Public Account maintained by the Department of Finance and Deregulation. Conversely, cash is drawn from the OPA to make payments under Parliamentary appropriation on behalf of Government. These transfers to and from the OPA are adjustments to the administered cash held by the Court on behalf of the Government and reported as such in the schedule of administered cash flows and in the administered reconciliation schedule.
Revenue
All administered revenues are revenues relating to the course of ordinary activities performed by the Court on behalf of the Australian Government.
Fees are charged for services provided by the Court to litigants under the Federal Court Regulations.
Revenue from fees is recognised at the time the services are performed. The services are performed at the same time as, or within two days of, the fees becoming due and payable. It is recognised at its nominal amount due less any provision for bad or doubtful debts. Collectability of debts is reviewed at the end of the reporting period. Impairment allowances are made when collectability of the debt is judged to be less, rather than more, likely. Revenue from fines is recognised in the period in which the invoice for the fine is raised.
1.20 Events After the Reporting Period
The Court has assumed responsibility for administering the National Native Title Tribunal from 1 July 2012. The Court has transferred in assets and liabilities of the NNTT to its balance sheet as at that date.
The event occurred after the end of the reporting period and has no effect on the financial statements for the year ended 30 June 2012.
Note 2: Expenses
|
2012 |
2011 |
---|---|---|
NOTE 2A: Judge and Employee benefits |
|
|
Judge remuneration |
19,014 |
17,665 |
Judge notional superannuation |
11,112 |
9,755 |
|
30,126 |
27,420 |
Employee wage & salaries |
27,704 |
27,256 |
Employee superannuation |
4,146 |
3,721 |
Employee separation and redundancies |
250 |
433 |
|
32,100 |
31,410 |
|
|
|
Total judge and employee benefits |
62,226 |
58,830 |
|
|
|
Note 2B: Suppliers |
|
|
Goods and Services |
|
|
Property operating costs |
7,219 |
7,050 |
Library purchases |
2,898 |
2,729 |
Information technology expenditure |
3,502 |
2,951 |
Travel expenditure |
3,768 |
3,076 |
Contractors and consultants |
1,777 |
1,554 |
Other goods and services |
3,073 |
3,003 |
Total goods and services |
22,237 |
20,363 |
|
|
|
Goods and services are made up of: |
|
|
Provision of goods – external parties |
2,001 |
1,965 |
Rendering of services – related entities |
1,130 |
1,374 |
Rendering of services – external parties |
19,106 |
17,024 |
Total goods and services |
22,237 |
20,363 |
|
|
|
Other supplier expenses |
|
|
Operating lease rentals: |
|
|
Minimum Lease Payments |
27,460 |
24,646 |
Workers compensation premiums |
195 |
212 |
Total other supplier expenses |
27,655 |
24,858 |
Total supplier expenses |
49,892 |
45,221 |
|
|
|
|
2012 |
2011 |
Note 2C: Depreciation and Amortisation |
|
|
Depreciation: |
|
|
Buildings |
1,641 |
1,497 |
Property, plant and equipment1 |
804 |
900 |
Total depreciation |
2,445 |
2,397 |
Amortisation: |
|
|
Intangibles: |
|
|
Computer Software |
340 |
321 |
Leased plant and equipment |
363 |
127 |
Total amortisation |
703 |
448 |
Total depreciation and amortisation |
3,148 |
2,845 |
NOTE 2A: Judge and Employee benefits |
|
|
Judge remuneration |
19,014 |
17,665 |
Judge notional superannuation |
11,112 |
9,755 |
|
30,126 |
27,420 |
Employee wage & salaries |
27,704 |
27,256 |
Employee superannuation |
4,146 |
3,721 |
Employee separation and redundancies |
250 |
433 |
|
32,100 |
31,410 |
|
|
|
Total judge and employee benefits |
62,226 |
58,830 |
|
|
|
Note 2B: Suppliers |
|
|
Goods and Services |
|
|
Property operating costs |
7,219 |
7,050 |
Library purchases |
2,898 |
2,729 |
Information technology expenditure |
3,502 |
2,951 |
Travel expenditure |
3,768 |
3,076 |
Contractors and consultants |
1,777 |
1,554 |
Other goods and services |
3,073 |
3,003 |
Total goods and services |
22,237 |
20,363 |
|
|
|
Goods and services are made up of: |
|
|
Provision of goods – external parties |
2,001 |
1,965 |
Rendering of services – related entities |
1,130 |
1,374 |
Rendering of services – external parties |
19,106 |
17,024 |
Total goods and services |
22,237 |
20,363 |
|
|
|
Other supplier expenses |
|
|
Operating lease rentals: |
|
|
Minimum Lease Payments |
27,460 |
24,646 |
Workers compensation premiums |
195 |
212 |
Total other supplier expenses |
27,655 |
24,858 |
Total supplier expenses |
49,892 |
45,221 |
|
|
|
|
2012 |
2011 |
Note 2C: Depreciation and Amortisation |
|
|
Depreciation: |
|
|
Buildings |
1,641 |
1,497 |
Property, plant and equipment1 |
804 |
900 |
Total depreciation |
2,445 |
2,397 |
Amortisation: |
|
|
Intangibles: |
|
|
Computer Software |
340 |
321 |
Leased plant and equipment |
363 |
127 |
Total amortisation |
703 |
448 |
Total depreciation and amortisation |
3,148 |
2,845 |
1. Depreciation expenses for finance leases were included in the line 'Leased plant and equipment' above. | ||
Note 2D: Finance costs |
|
|
Finance leases |
85 |
18 |
Total finance costs |
85 |
18 |
|
|
|
Note 2E Write-down and impairment of assets |
|
|
Financial assets |
|
|
Doubtful Debts Expense |
5 |
– |
Non-financial assets |
|
|
Impairment of plant & equipment |
6 |
5,113 |
Total write-down and impairment of assets |
11 |
5,113 |
|
|
|
Note 2F: Sale of Assets |
|
|
Infrastructure, plant and equipment: |
|
|
Proceeds from sale |
2 |
18 |
Carrying value of assets sold |
2 |
21 |
Net gain(loss) from sale of assets |
– |
(3) |
|
|
|
Note 2G Other payments to FMC |
|
|
Other |
– |
387 |
Total other payments to FMC |
– |
387 |
|
|
|
Note 2H Contribution to FMC |
|
|
Contribution to FMC |
– |
2,561 |
Total contribution to FMC |
– |
2,561 |
This contribution relates to appropriations that were given to the Federal Court of Australia on the assumption that the Federal Magistrates Court of Australia would cease operation as a prescribed agency from 1 January 2010. However, as this did not happen, the funding received by the Federal Court has been contributed back to the Federal M
Note 3: Income
Own-Source Revenue
|
2012 |
2011 |
---|---|---|
Note 3A: Sale of goods and rendering of services |
|
|
|
|
|
Rendering of services – related entities |
1,250 |
1,216 |
Rendering of services – external entities |
3,316 |
1,316 |
Total sale of goods and rendering of services |
4,566 |
2,532 |
|
|
|
Gains
|
2012 |
2011 |
---|---|---|
Note 3B: Other gains |
|
|
|
|
|
Liabilities assumed by other agencies |
11,112 |
9,755 |
Resources received free of charge |
9,308 |
5,999 |
|
20,420 |
15,754 |
|
|
|
Resources received free of charge includes an amount of $9,197,990 (2010-11: $5,547,582) in respect of rent and outgoings associated with the accommodation occupied by the Court in the Law Courts Building located in Sydney, New South Wales. This building is owned by Law Courts Limited, a joint venture between the NSW State and Commonwealth Governments.
Revenue From Government
|
2012 |
2011 |
---|---|---|
Note 3C: Revenue from Government |
|
|
Appropriations: |
|
|
Departmental appropriations |
86,116 |
88,325 |
Total revenue from Government |
86,116 |
88,325 |
Note 4: Financial assets
|
2012 |
2011 |
---|---|---|
Note 4A: Cash and cash equivalents |
|
|
Cash on hand or on deposit |
1,353 |
810 |
Total cash and cash equivalents |
1,353 |
810 |
|
|
|
Note 4B: Trade and other receivables |
|
|
Goods and services – external parties |
913 |
385 |
Appropriations receivable: |
|
|
for existing programs – operating |
27,507 |
26,160 |
for existing programs – capital |
2,211 |
2,411 |
accrued appropriations |
– |
221 |
GST receivable from the Australian Taxation Office |
220 |
414 |
Total trade and other receivables (gross) |
30,851 |
29,591 |
Less impairment allowance account |
|
|
Goods and Services |
5 |
– |
Total trade and other receivables (net) |
30,846 |
29,591 |
|
|
|
Receivables are aged as follows: |
|
|
Not overdue |
30,647 |
29,463 |
Overdue by: |
|
|
Less than 30 days |
190 |
73 |
30 to 60 days |
2 |
39 |
61 to 90 days |
1 |
4 |
More than 90 days |
11 |
12 |
|
204 |
128 |
Total receivables (gross) |
30,851 |
29,591 |
All receivables are current. Credit terms are net 30 days (2011: 30 days). | ||
Reconciliation of the impairment allowance account: |
|
|
Opening balance |
– |
– |
Amounts written off |
– |
– |
Increase recognised in net surplus |
5 |
– |
Closing balance |
5 |
– |
The impairment allowance is all aged over 90 days.
Note 5: Non-financial assets
|
2012 |
2011 |
---|---|---|
Note 5A: Land and buildings |
|
|
Leasehold improvements |
|
|
Fair value |
13,552 |
12,594 |
Accumulated depreciation |
(1,962) |
(321) |
Total leasehold improvements |
11,590 |
12,273 |
Total land and buildings |
11,590 |
12,273 |
No indications of impairment were found for land and buildings |
|
|
|
|
|
Note 5B: Property, plant and equipment |
|
|
Property, plant and equipment |
|
|
Fair value |
8,290 |
6,801 |
Accumulated depreciation |
(1,760) |
(956) |
Total property, plant and equipment |
6,530 |
5,845 |
|
|
|
All revaluations are conducted in accordance with the valuation policy stated in Note 1. | ||
No indications of impairment were found for infrastructure, plant and equipment. | ||
|
|
|
Note 5C: Intangible Assets |
|
|
Computer software at cost |
|
|
Internally developed – in progress |
866 |
442 |
Internally developed – in use |
2,026 |
1,301 |
Purchased – in use |
1,013 |
2,085 |
Total Computer Software |
3,905 |
3,828 |
Accumulated amortisation |
(1,294) |
(2,232) |
Total intangibles (non-current) |
2,611 |
1,596 |
No indication of impairment was found for intangibles. |
|
|
Note 5D: Analysis of infrastructure, property, plant, and equipment
TABLE A – Reconciliation of the opening and closing balances of property, plant, and equipment (2011-12)
ITEM |
LEASEHOLD, |
Property, |
Computer |
TOTAL |
---|---|---|---|---|
As at 1 July 2011 |
|
|
|
|
Gross book value |
12,594 |
6,801 |
3,828 |
23,223 |
Accumulated depreciation/amortisation |
(321) |
(956) |
(2,232) |
(3,509) |
Net book value 1 July 2011 |
12,273 |
5,845 |
1,596 |
19,714 |
Additions: |
|
|
|
|
By purchase |
958 |
1,088 |
1,355 |
3,401 |
By purchase – finance lease |
– |
772 |
– |
772 |
Depreciation/amortisation expense |
(1,641) |
(1,167) |
(340) |
(3,148) |
Disposals: |
|
|
|
|
Other disposals |
– |
(8) |
– |
(8) |
Net Book value 30 June 2012 |
11,590 |
6,530 |
2,611 |
20,731 |
Net book value as of 30 June 2012 represented by: | ||||
Gross book value |
13,552 |
8,290 |
3,905 |
25,747 |
Accumulated depreciation/amortisation |
(1,962) |
(1,760) |
(1,294) |
(5,016) |
|
11,590 |
6,530 |
2,611 |
20,731 |
TABLE A – Reconciliation of the opening and closing balances of property, plant, and equipment (2010-11)
ITEM |
LEASEHOLD, |
Infrastructure, |
Computer |
TOTAL |
---|---|---|---|---|
As at 1 July 2010 |
|
|
|
|
Gross book value |
14,937 |
13,956 |
3,582 |
32,475 |
Accumulated depreciation/amortisation |
(3,427) |
(4,630) |
(1,961) |
(10,018) |
Net book value 1 July 2010 |
11,510 |
9,326 |
1,621 |
22,457 |
Additions: |
|
|
|
|
By purchase |
3,135 |
719 |
313 |
4,167 |
By purchase – finance lease |
– |
775 |
– |
775 |
Revaluations and impairment recognised in other comprehensive income |
312 |
(17) |
– |
295 |
Impairment recognised in the operating statement |
– |
(3,904) |
– |
(3,904) |
Depreciation/amortisation expense |
(1,497) |
(1,027) |
(321) |
(2,845) |
Disposals: |
|
|
|
|
Other disposals |
(1,187) |
(27) |
(16) |
(1,230) |
Net book value 30 June 2011 |
12,273 |
5,845 |
1,596 |
19,714 |
Net book value as of 30 June 2011 represented by: | ||||
Gross book value |
12,594 |
6,801 |
3,828 |
23,223 |
Accumulated depreciation/amortisation |
(321) |
(956) |
(2,232) |
(3,509) |
|
12,273 |
5,845 |
1,596 |
19,714 |
|
2012 |
2011 |
---|---|---|
Note 5E: Other non-financial assets |
|
|
Prepayments |
543 |
1,825 |
Total other non-financial assets |
543 |
1,825 |
Total other non-financial assets are expected to be recovered in: |
|
|
No more than 12 months |
534 |
1,793 |
Total other non-financial assets |
534 |
1,793 |
More than 12 months |
9 |
32 |
Total other non-financial assets |
9 |
32 |
No indicators of impairment were found for other non-financial assets. |
Note 6: Payables
|
2012 |
2011 |
---|---|---|
Note 6A: Suppliers |
|
|
Trade creditors and accruals |
(808) |
(886) |
Deferred Revenue |
(377) |
(54) |
Total supplier payables |
(1,185) |
(940) |
All supplier payables are expected to be settled within 12 months |
|
|
Settlement is usually made net 30 days. |
|
|
|
|
|
Note 6B: Other Payables |
|
|
Salaries and wages |
(724) |
(606) |
Superannuation |
(625) |
(309) |
Total other payables |
(1,349) |
(915) |
All other payables are expected to be settled within 12 months. |
|
|
Note 7: Interest bearing liabilities
|
2012 |
2011 |
---|---|---|
Note 7: Leases |
|
|
Finance leases |
(1,183) |
(735) |
Total finance leases |
(1,183) |
(735) |
Payable: |
|
|
Within one year: |
|
|
Minimum lease payments |
(447) |
(231) |
Deduct: future finance charges |
72 |
45 |
|
|
|
In one to five years: |
|
|
Minimum lease payments |
(871) |
(606) |
Deduct: future finance charges |
63 |
57 |
|
|
|
Finance leases recognised on the balance sheet |
(1,183) |
(735) |
Finance leases are for certain major IT equipment assets and some office equipment. The leases are non-cancellable and for fixed terms averaging four years, with a maximum of five years. The interest rate implicit in the leases averaged 4.39% (2011: 5.14%). The leased assets secure the lease liabilities. The Court guarantees the residual values of all assets leased. There are no contingent rentals. |
Note 8: Provisions
|
2012 |
2011 |
---|---|---|
Note 8A: Judge & Employee provisions |
|
|
Long Leave (Judges) |
(9,764) |
(9,425) |
Leave |
(7,305) |
(6,380) |
Total judge and employee provisions |
(17,069) |
(15,805) |
Employee provisions are expected to be settled in: |
|
|
No more than 12 months |
(3,531) |
(4,055) |
More than 12 months |
(13,538) |
(11,750) |
Total judge and employee provisions |
(17,069) |
(15,805) |
Note 9: cash flow reconciliation
Reconciliation of cash and cash equivalents as per Balance Sheet |
2012 |
2011 |
---|---|---|
Report cash and cash equivalents as per: |
|
|
Cash Flow Statement |
1,353 |
810 |
Balance Sheet |
1,353 |
810 |
Difference |
– |
– |
Reconciliation of net cost of services to net cash |
|
|
Net cost of services |
(90,376) |
(96,692) |
Add revenue from Government |
86,116 |
88,325 |
Adjustments for non-cash items |
|
|
Depreciation/amortisation |
3,148 |
2,845 |
Net write down of non-financial assets |
6 |
5,113 |
(Gain)/Loss on disposal of assets |
– |
3 |
Changes in assets/liabilities |
|
|
(Increase)/decrease in net operating receivables |
(1,455) |
6,511 |
(Increase)/decrease in prepayments |
1,282 |
(146) |
Increase/(decrease) in suppliers payables |
245 |
(5,054) |
Increase/(decrease) in judge and employee provisions |
1,264 |
(491) |
Increase/(decrease) in other liabilities |
434 |
(115) |
Net cash from/(used by) operating activities |
664 |
299 |
|
|
|
Note 10: Senior Executive Remuneration |
|
|
Note 10A: Senior Executive remuneration expense for the reporting period |
| |
|
2012 |
2011 |
Short term employee benefits: |
|
|
Salary (including annual leave taken) |
2,501,796 |
2,408,600 |
Annual Leave accrued |
181,019 |
174,061 |
Motor Vehicle and other allowances |
110,283 |
104,702 |
Total Short-term employee benefits |
2,793,098 |
2,687,363 |
Post-employment benefits: |
|
|
Superannuation |
334,842 |
318,259 |
Total Post-employment benefits |
334,842 |
318,259 |
Other long term benefits |
|
|
Long service leave |
58,248 |
56,010 |
Total other long term benefits |
58,248 |
56,010 |
Total employment benefits |
3,186,188 |
3,061,632 |
Note 10A excludes acting arrangements and part-year service where total remuneration expensed for a senior executive was less than $150,000.
Note 10B: Average Annual Reportable Remuneration Paid to Substantive Senior Executives During the Reporting Period
2012 |
|
|
|
|
2011 |
|
|
|
|
| ||
---|---|---|---|---|---|---|---|---|---|---|---|---|
|
No.of |
Reportable |
Contributed Superannuation |
Reportable Allowances |
TOTAL |
|
No.of |
Reportable |
Contributed Superannuation |
Reportable Allowances |
TOTAL | |
Total remuneration |
|
|
|
|
|
Total remuneration |
|
|
|
|
| |
$210,000 to $239,999 |
3 |
197,940 |
25,726 |
– |
223,666 |
$210,000 to $239,999 |
4 |
198,280 |
26,726 |
– |
225,006 | |
$240,000 to $269,999 |
2 |
220,902 |
29,094 |
– |
249,996 |
$240,000 to $269,999 |
3 |
228,814 |
30,630 |
– |
259,444 | |
$270,000 to $299,999 |
5 |
248,448 |
32,385 |
– |
280,833 |
$270,000 to $299,999 |
3 |
239,305 |
31,863 |
– |
271,168 | |
$360,000 to $389,999 |
1 |
274,883 |
37,555 |
59,334 |
371,772 |
$330,000 to $359,999 |
1 |
274,430 |
31,293 |
41,395 |
347,118 | |
Total |
11 |
|
|
|
|
Total |
11 |
|
|
|
|
Notes:
1. This table reports substantive senior executives who received remuneration during the reporting period. Each row is an averaged figure based on headcount for individuals in the band.
2.'Reportable salary' includes the following:
a) gross payments; and
b) reportable fringe benefits (at the net amount prior to 'grossing up' to account for tax benefits)
3. The 'contributed superannuation' amount is the average actual superannuation contributions paid to senior executives in that reportable remuneration band during
the reporting period, including any sacrificed amounts, as per the individuals' payslips.
4. 'Reportable allowances' are the average actual allowances paid as per the 'total allowances' line on individuals' payment summaries.
5. No bonuses were paid to senior executives of the Court in 2011-12 or 2010-11.
6. Various salary sacrifice arrangements were available to senior executives including superannuation, motor vehicle and expense payment fringe benefits. Salary sacrifice benefits are reported in the 'reportable salary' column, excluding salary sacrificed superannuation, which is reported in the 'contributed superannuation' column.
Note 10c Other Highly paid Staff
2012 |
|
|
|
|
2011 |
|
|
|
|
| ||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Average Annual Reportable Remuneration |
No.of |
Reportable |
Contributed Superannuation |
Reportable Allowances |
TOTAL |
Average Annual Reportable Remuneration |
No.of |
Reportable |
Contributed Superannuation |
Reportable Allowances |
TOTAL | |
Total remuneration |
|
|
|
|
|
Total remuneration |
|
|
|
|
| |
$150,000 to $179,999 |
20 |
139,664 |
21,651 |
10,309 |
171,624 |
|
|
|
|
|
| |
|
|
|
|
|
|
$150,000 to $189,999 |
20 |
132,003 |
19,682 |
520 |
152,205 | |
$180,000 to $209,999 |
1 |
158,295 |
21,717 |
– |
180,012 |
|
|
|
|
|
| |
Total |
21 |
|
|
|
|
|
20 |
|
|
|
|
Notes:
1. This table reports staff:
a) who were employed by the Court during the reporting period;
b) whose reportable remuneration was $150,000 or more for the financial period; and
c) were not required to be disclosed in Tables A or B
Each row is an averaged figure based on headcount for individuals in the band.
2. 'Reportable salary' includes the following:
a) gross payments; and
b) reportable fringe benefits (at the net amount prior to 'grossing up' to account for tax benefits)
3. The 'contributed superannuation' amount is the average actual superannuation contributions paid to senior executives in that reportable remuneration band during
the reporting period, including any sacrificed amounts, as per the individuals' payslips.
4. 'Reportable allowances' are the average actual allowances paid as per the 'total allowances' line on individuals' payment summaries.
5. No bonuses were paid to these staff members of the Court in 2011-12 or 2010-11.
6.
Various salary sacrifice arrangements were available to senior executives including superannuation, motor vehicle and expense payment fringe benefits. Salary sacrifice benefits are reported in the 'reportable salary' column, excluding salary sacrificed superannuation, which is reported in the 'contributed superannuation' column.
Note 11: Remuneration of auditors
|
2012 |
2011 |
---|---|---|
Financial statement audit services are provided free of charge |
|
|
The fair value of the services provided was: |
104,000 |
108,000 |
|
|
|
Note 12: Financial Instruments |
|
|
|
|
|
|
2012 |
2011 |
Note 12A Categories of financial instruments |
|
|
Loans and receivables |
|
|
Loans and receivables |
|
|
Cash on hand or on deposit |
1,353 |
810 |
Trade receivables |
913 |
385 |
Carrying amount of financial assets |
2,266 |
1,195 |
|
|
|
Financial Liabilities |
|
|
At amortised cost: |
|
|
Finance leases |
(1,183) |
(735) |
Trade creditors |
(1,185) |
(940) |
Carrying amount of financial liabilities |
(2,368) |
(1,675) |
Note 12B Fair value of financial instruments
|
Carrying amount |
Fair Value |
Carrying amount |
Fair value |
---|---|---|---|---|
FINANCIAL LIABILITIES |
|
|
|
|
Other Liabilities |
|
|
|
|
Finance leases |
(1,183) |
(1,183) |
(735) |
(735) |
Total |
(1,183) |
(1,183) |
(735) |
(735) |
Fair value for Finance leases which was determined for disclosure purposes was calculated based on the present value of future principal and interest cash flows, discounted at 4.39% at the reporting date. (2011 5.14%)
Note 12C Credit Risk
The Court is exposed to minimal credit risk as loans and receivables are cash and trade receivables.
The maximum exposure to credit risk is the risk that arises from potential default of a debtor.
This amount is equal to the total amount of trade receivables (2012: $913,000 and 2011: $385,000).
The Court has assessed the risk of default on payment and has allocated $5,000 in 2012 (2011: nil)
to an impairment allowance account.
The Court manages its credit risk by undertaking background and credit checks prior to allowing a debtor relationship. In addition, the Court has policies and procedures that are to be applied by employees who perform debt recovery duties.
The Court holds no collateral to mitigate credit risk.
Credit quality of financial instruments not past due or individually determined as impaired.
|
Not Past Due Nor Impaired |
Not Past Due Nor Impaired |
Past Due |
Past Due |
---|---|---|---|---|
Loans and receivables |
|
|
|
|
Cash |
1,353 |
810 |
– |
– |
Trade receivables |
709 |
257 |
204 |
128 |
Total |
2,062 |
1,067 |
204 |
128 |
Ageing of financial assets that are past due but not impaired for 2012
|
0 to 30 days |
31 to 60 days |
61 to 90 days |
90+ days |
Total |
---|---|---|---|---|---|
Loans and receivables |
|
|
|
|
|
Trade receivables |
190 |
2 |
1 |
11 |
204 |
Total |
190 |
2 |
1 |
11 |
204 |
Ageing of financial assets that are past due but not impaired for 2011
|
0 to 30 days |
31 to 60 days |
61 to 90 days |
90+ days |
Total |
---|---|---|---|---|---|
Loans and receivables |
|
|
|
|
|
Trade receivables |
73 |
39 |
4 |
12 |
128 |
Total |
73 |
39 |
4 |
12 |
128 |
Note 12D Liquidity Risk
The Court's financial liabilities are payables, loans from government, finance leases and other interest bearing liabilities. The exposure to liquidity risk is based on the notion that the Court will encounter difficulty in meeting its obligations associated with financial liabilities. This is highly unlikely as the Court is appropriated funding from the Australian Government and the Court manages its budgeted funds to ensure it has adequate funds to meet payments as they fall due. In addition, the Court has policies in place to ensure timely payments were made when due and has no past experience of default.
Maturities for non-derivative financial liabilities 2012
|
Within 1 year 2012 |
1 to 5 years 2012 |
total |
---|---|---|---|
Other liabilities |
|
|
|
Payables – Suppliers |
1,185 |
– |
1,185 |
Finance leases |
375 |
808 |
1,183 |
Total |
1,560 |
808 |
2,368 |
Maturities for non-derivative financial liabilities 2011
|
Within 1 year 2011 |
1 to 5 years 2011 |
total |
---|---|---|---|
Other liabilities |
|
|
|
Payables – Suppliers |
940 |
– |
940 |
Finance leases |
186 |
549 |
735 |
Total |
1,126 |
549 |
1,675 |
This note also applies to the Court's administered financial instruments and is therefore not reproduced at Note 18.
Note 12E Market risk
The Court holds basic financial instruments that do not expose the Court to certain market risks.
The Court is not exposed to currency risk or other price risk.
Interest Rate Risk
The only interest-bearing item on the balance sheet is the 'Finance lease'. All bear interest at a fixed interest rate and will not fluctuate due to changes in the market interest rate.
Note 13: Administered – expenses
|
2012 |
2011 |
---|---|---|
Expenses |
|
|
Fees and fines – provision for doubtful debts |
310 |
98 |
Total expenses administered on behalf of government |
310 |
98 |
Note 14: Administered – Income |
|
|
|
|
|
Non-Taxation Revenue |
|
|
Fees (filing and hearing fees) |
10,446 |
10,514 |
Fines |
536 |
2,032 |
Other |
79 |
43 |
Total revenue administered on behalf of government |
11,061 |
12,589 |
Note 15: Administered –Financial Assets |
|
|
|
|
|
|
2012 |
2011 |
Note 15A: Cash and cash equivalents |
|
|
Cash on hand or on deposit |
30 |
23 |
Total cash and cash equivalents |
30 |
23 |
|
|
|
Note 15B: Receivables |
|
|
Fees (filing and hearing fees) |
868 |
901 |
Less: Impairment allowance account |
(329) |
(98) |
Total receivables (net) |
539 |
803 |
All receivables are expected to be recovered within 12 months. |
|
|
|
|
|
Receivables are aged as follows: |
|
|
Not overdue |
183 |
247 |
Overdue by: |
|
|
– Less than 30 days |
198 |
211 |
– 30 to 60 days |
95 |
88 |
– 60 to 90 days |
63 |
38 |
– More than 90 days |
329 |
317 |
Total receivables (gross) |
868 |
901 |
The total of the impairment allowance is aged over 90 days. |
|
|
|
|
|
Receivables are with entities external to the Australian Government. Credit terms are net 30 days
(2011: 30 days).
|
2012 |
2011 |
---|---|---|
Reconciliation of the impairment allowance account:
|
|
|
Opening balance |
98 |
22 |
Increase/decrease recognised in net surplus |
310 |
98 |
Amounts written off |
(79) |
(22) |
Closing balance |
329 |
98 |
Note 16: Administered – payables
|
2012 |
2011 |
---|---|---|
Note 16A: suppliers |
|
|
Refund of fees payable |
– |
1 |
Total suppliers |
– |
1 |
Note 17: Administered – cash flow reconciliation
|
2012 |
2011 |
---|---|---|
Reconciliation of cash and cash equivalents as per Administered Schedule of Assets | ||
Cash and cash equivalents as per: |
|
|
Schedule of administered cash flows |
30 |
23 |
Schedule of administered assets and liabilities |
30 |
23 |
Difference |
– |
– |
Reconciliation of net cost of services to net cash from
|
|
|
Net cost of services |
10,751 |
12,491 |
|
|
|
Changes in assets/liabilities |
|
|
(Increase)/decrease in net receivables |
264 |
(434) |
Increase/(decrease) in suppliers payables |
(1) |
– |
Net cash from operating activities |
11,014 |
12,057 |
Note 18: Administered financial instruments
|
2012 |
2011 |
---|---|---|
Note 18A Categories of financial instruments |
|
|
Financial Assets |
|
|
Loans and receivables |
|
|
Cash |
30 |
23 |
Trade receivables |
539 |
803 |
Carrying amount of financial assets |
569 |
826 |
Note 18B Credit Risk |
|
|
The administered activities of the Court are not exposed to a high level of credit risk as the majority of | ||
|
|
|
The maximum exposure to credit risk is outlined in the table below. |
|
|
Financial Assets |
|
|
Loans and Receivables |
|
|
Receivables |
868 |
901 |
Total |
868 |
901 |
The Court has assessed the risk of default on payment and has allocated the following amounts to an allowance for doubtful debts account:
| ||
|
|
|
Credit quality of financial instruments not past due or individually determined as impaired
|
Not Past Due Nor Impaired |
Not Past Due Nor Impaired |
Past Due |
Past Due |
---|---|---|---|---|
Loans and receivables |
|
|
|
|
Cash |
30 |
23 |
– |
– |
Trade receivables |
183 |
247 |
685 |
654 |
Total |
213 |
270 |
685 |
654 |
Ageing of financial assets that are past due but not impaired for 2012
|
0 to 30 days |
31 to 60 days |
61 to 90 days |
90+ days |
Total |
---|---|---|---|---|---|
Loans and receivables |
|
|
|
|
|
Trade receivables |
198 |
95 |
63 |
329 |
685 |
Total |
198 |
95 |
63 |
329 |
685 |
Ageing of financial assets that are past due but not impaired for 2011
|
0 to 30 days |
31 to 60 days |
61 to 90 days |
90+ days |
Total |
---|---|---|---|---|---|
Loans and receivables |
|
|
|
|
|
Trade receivables |
211 |
88 |
38 |
317 |
654 |
Total |
211 |
88 |
38 |
317 |
654 |
Note 19: Appropriations
Table A: Annual Appropriations ('Recoverable GST exclusive')
|
2012 Appropriations |
Appropriation |
| ||||
---|---|---|---|---|---|---|---|
|
Appropriation Act |
FMA Act |
Total appropriation $'000 |
| |||
|
Annual Appropriation $'000 |
Appropriations reduced (a) |
Section 30 $'000 |
Section 31 $'000 |
Variance $'000 | ||
DEPARTMENTAL | |||||||
Ordinary Annual Services |
89,739 |
– |
43 |
4,344 |
94,126 |
(92,539) |
1,587 |
Other Services |
|
|
|
|
|
|
|
Equity |
– |
– |
– |
– |
– |
(88) |
(88) |
Total departmental |
89,739 |
– |
43 |
4,344 |
94,126 |
(92,627) |
1,499 |
Notes:
(a): Appropriations reduced under Appropriation Act (No 1) 2011-12: section 10. Departmental appropriations do not lapse at year end. However, the responsible minister may decide that part or all of an appropriation is not required and request that the Finance Minister reduce that appropriation. The reduction in the appropriation is effected by the Finance Minister's determination and is disallowable by Parliament.
|
2011 Appropriations |
Appropriation |
| ||||
---|---|---|---|---|---|---|---|
|
Appropriation Act |
FMA Act |
Total appropriation $'000 |
| |||
|
Annual Appropriation $'000 |
Appropriations reduced (a) |
Section 30 $'000 |
Section 31 $'000 |
Variance $'000 | ||
DEPARTMENTAL | |||||||
Ordinary Annual Services |
99,800 |
(1,707) |
26 |
1,812 |
99,931 |
(101,782) |
(1,851) |
Other Services |
|
|
|
|
|
|
|
Equity |
360 |
|
– |
– |
360 |
(272) |
88 |
Total departmental |
100,160 |
(1,707) |
26 |
1,812 |
100,291 |
(102,054) |
(1,763) |
Notes:
(a): Appropriations reduced under Appropriation Act (No 1) 2010-11: section 10. Departmental appropriations do not lapse at year end. However, the responsible minister may decide that part or all of an appropriation is not required and request that the Finance Minister reduce that appropriation. The reduction in the appropriation is effected by the Finance Minister's determination and is disallowable by Parliament. In 2011 there was a reduction in departmental appropriation in accordance with a determination by the Finance Minister.
Table B: Departmental Capital Budgets ('Recoverable GST exclusive')
|
2012 Capital Budget Appropriations |
Capital Budget Appropriations |
Variance | ||
---|---|---|---|---|---|
|
Appropriation Act |
Total | |||
|
Annual |
Appropriations | |||
Payments for | |||||
DEPARTMENTAL |
|
|
|
|
|
Ordinary Annual |
|
|
|
|
|
Departmental Capital Budget1 |
3,402 |
– |
3,402 |
(3,637) |
(235) |
Notes:
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. For more information on ordinary annual services appropriations, please see Table A: Annual appropriations.
2. Payments made on non-financial assets include purchase of assets, expenditure on assets which have been capitalised, and the capital repayment component of finance leases.
2011 Capital Budget Appropriations |
Capital Budget Appropriations |
Variance | |||
---|---|---|---|---|---|
Appropriation Act |
Total | ||||
Annual Capital Budget |
Appropriations | ||||
Payments for | |||||
DEPARTMENTAL |
|||||
Ordinary Annual |
|||||
Departmental Capital Budget1 |
6,246 |
6,246 |
(4,018) |
2,228 |
Notes:
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. For more information on ordinary annual services appropriations, please see Table A: Annual appropriations.
2.Payments made on non-financial assets include purchase of assets, expenditure on assets which have been capitalised, and the capital repayment component of finance leases.
Table C: Unspent Departmental Annual Appropriations ('Recoverable GST exclusive')
|
2012 |
2011 |
---|---|---|
Authority |
|
|
Appropriation Act (No 4) 2005-06 |
– |
1 |
Appropriation Act (No 1) 2010-11 |
1,844 |
28,482 |
Appropriation Act (No 2) 2010-11 |
– |
88 |
Appropriation Act (No 1) 2011-12 |
27,041 |
– |
Appropriation Act (No 3) 2011-12 |
832 |
– |
Total |
29,717 |
28,571 |
Note 20: Special accounts and fma act section 39
Note 20A: Special Accounts (Recoverable GST exclusive)
|
Other Trust |
Federal Court of Australia Litigants Fund2 | ||
---|---|---|---|---|
|
2012 |
2011 |
2012 |
2011 |
Balance brought forward |
19 |
19 |
4,325 |
29,132 |
Increases: |
|
|
|
|
Other receipts |
623 |
646 |
38,210 |
8,217 |
Total increases |
623 |
646 |
38,210 |
8,217 |
Available for payments |
642 |
665 |
42,535 |
37,349 |
Decreases: |
|
|
|
|
Special Public Money |
|
|
|
|
Payments made to others |
630 |
646 |
40,277 |
33,024 |
Total special public money decreases |
630 |
646 |
40,277 |
33,024 |
Total decreases |
630 |
646 |
40,277 |
33,024 |
Total balance carried to the next period |
12 |
19 |
2,258 |
4,325 |
1. Establishing Instrument: Financial Management and Accountability Act, 1997, section 20
Purpose: For expenditure of moneys temporarily held on trust or otherwise for the benefit of a person other than the Commonwealth.
2. Establishing Instrument: Financial Management and Accountability Act, 1997, section 20
Purpose: To hold private moneys for litigants pending acceptance of moneys paid into Court by litigants; security for costs or pursuant to an order of a Federal Court Judge.
Note 20B: Investments made under Section 39 of the FMA Act (Recoverable GST exclusive)
2012 |
Balance brought forward from previous period |
Investments made $'000 |
Investmentincome $'000 |
Transactional charges $'000 |
Investments realised $'000 |
Total balance carried to the next period |
---|---|---|---|---|---|---|
Federal Court of Australia Litigants Fund |
25,607 |
2,027 |
1,460 |
2 |
22,981 |
6,111 |
Total |
25,607 |
2,027 |
1,460 |
2 |
22,981 |
6,111 |
Moneys held in the special account are invested in interest-bearing bank accounts by order of a judge of the Federal Court of Australia. | ||||||
|
|
|
|
|
|
|
2011 |
Balance brought forward from previous |
Investments made $'000 |
Investmentincome $'000 |
Transactional charges $'000 |
Investments realised $'000 |
Total balance carried to the next period |
Federal Court of Australia Litigants Fund |
31,262 |
33,258 |
2,310 |
1 |
41,222 |
25,607 |
Total |
31,262 |
33,258 |
2,310 |
1 |
41,222 |
25,607 |
Moneys held in the special account are invested in interest-bearing bank accounts by order of a judge of the Federal Court of Australia.
|
Note 21: Compliance with statutory conditions for payments from the consolidated revenue fund
Section 83 of the Constitution provides that no amount may be paid out of the Consolidated Revenue Fund except under an appropriation made by law. The Department of Finance and Deregulation provided information to all agencies in 2011 regarding the need for risk assessments in relation to compliance with statutory conditions on payments from special appropriations, including special accounts.
During 2011-12, the Court developed a plan to review exposure of risks of not complying with statutory conditions on payments from appropriations. The plan involved:
- identifying each special appropriation and special account; and
- determining the risk of non-compliance by assessing the difficulty of administering the statutory conditions and assessing the extent to which existing payment systems and processes satisfy those conditions. This risk was determined to be low.
- The Court identified 2 accounts involving statutory conditions for payment, comprising 2 special accounts.
- The work conducted has identified no issues of non-compliance with Section 83.
Note 22: Compensation and debt relief
|
2012 |
2011 |
---|---|---|
No Act of Grace expenses were incurred during the reporting period under |
– |
– |
No waivers of amounts owing to the Australian Government were made pursuant to subsection 34(1) of the Financial Management and Accountability Act 1997 (2011: nil) |
– |
– |
No payments were provided under the Compensation for Detriment caused by Defective Administration (CDDA) Scheme during the reporting period (2011: nil) |
– |
– |
No ex-gratia payments were provided for during the reporting period (2011: nil) |
– |
– |
No payments were provided in special circumstances relating to APS employment pursuant to section 73 of the Public Service Act 1999 (PS Act) during the reporting period (2011: nil) |
– |
– |
|
|
|
|
2012 |
2011 |
Administered |
|
|
No Act of Grace expenses were incurred during the reporting period under sub-section 33(1) of the Financial Management and Accountability Act 1997. |
– |
– |
No payments were waived during the reporting period under subsection 34(1) of the Financial Management and Accountability Act 1997. (2011: nil). |
– |
– |
1,121 exemptions and waivers of amounts owing to the Commonwealth were made pursuant to sub-regulations 2(4)(a-c), 2A(2)(e-g), 2AA(2)(f-h) of the |
1,623,802 |
1,819,777 |
|
|
|
Note 23: Reporting of outcomes
Note 23A: Net Cost of Outcome Delivery
The Court has one Output and Outcome:
To apply and uphold the rule of law to deliver remedies and enforce rights and in so doing, contribute to the social and economic development and well-being of all Australians.
Outcome 1 |
2012 |
2011 |
---|---|---|
Expenses |
|
|
Administered |
310 |
98 |
Departmental |
115,362 |
114,978 |
Total |
115,672 |
115,076 |
Income from non-government sector |
|
|
Administered |
11,061 |
12,589 |
Departmental |
3,316 |
1,316 |
Total |
14,377 |
13,905 |
Other own-source income |
|
|
Administered |
– |
– |
Departmental |
1,250 |
1,216 |
Total |
1,250 |
1,216 |
Net cost/(contribution) of outcome delivery |
100,045 |
99,955 |
|
|
|
Note 23B: Major Classes of Departmental Expenses, Income, Assets and Liabilities by Outcome
| ||
|
|
|
Outcome 1 |
2012 |
2011 |
Departmental expenses |
|
|
Judges and Employees |
62,226 |
58,830 |
Suppliers |
49,892 |
45,221 |
Depreciation and Amortisation |
3,148 |
2,845 |
Finance costs |
85 |
18 |
Other Expenses |
11 |
5,116 |
FMC Transfer |
- |
2,948 |
Total |
115,362 |
114,978 |
Departmental income |
|
|
Income from government |
106,536 |
104,079 |
Sale of goods and services |
4,566 |
2,532 |
Total |
111,102 |
106,611 |
Departmental assets |
|
|
Cash and cash equivalents |
1,353 |
810 |
Trade and other receivables |
30,846 |
29,591 |
Property, plant and equipment |
18,120 |
18,118 |
Intangibles |
2,611 |
1,596 |
Other non-financial assets |
543 |
1,825 |
Total |
53,473 |
51,940 |
Departmental liabilities |
|
|
Suppliers |
1,185 |
940 |
Leases |
1,183 |
735 |
Judge and employee provisions |
17,069 |
15,805 |
Other payables |
1,349 |
915 |
Total |
20,786 |
18,395 |
|
|
|
Note 23C: Major Classes of Departmental Expenses, Income, Assets and Liabilities by Outcome
Outcome 1 |
2012 |
2011 |
---|---|---|
Administered expenses |
|
|
Doubtful debts expense |
310 |
98 |
Total |
310 |
98 |
Administered income |
|
|
Non-taxation revenue |
11,061 |
12,589 |
Total |
11,061 |
12,589 |
Administered assets |
|
|
Cash and cash equivalents |
30 |
23 |
Trade and other receivables |
539 |
803 |
Total |
569 |
826 |
Administered liabilities |
|
|
Refund of fees payable |
- |
1 |
Total |
- |
1 |
Note 24: Comprehensive income (loss) attributable to the court
|
2012 |
2011 |
---|---|---|
Total Comprehensive Income attributable to the Court |
|
|
Total comprehensive income (loss) |
(4,260) |
(8,072) |
Plus non-appropriated expenses |
|
|
Depreciation and amortisation expenses |
3,148 |
2,845 |
Total comprehensive income (loss) attributable to the Court |
(1,112) |
(5,227) |