Statement of financial performance
In 2016-17 the department administered approximately $174.3 billion in payments or around 40 per cent of government outlays. The department reported a small operating surplus of $80.7 million after adjustment for unfunded depreciation and amortisation expenses and the revaluation of assets. This represents a 1.8 per cent variance to the budgeted net cost of services of $4.4 billion.
In 2016-17 the department received total income of $4,446.4 million, comprising $4,201.6 million in government appropriation and $244.8 million in own source revenue and gains.
The department is primarily funded through direct appropriation in the annual budget cycle. The department also receives service-related revenue from other Australian Government agencies and non-government entities under service arrangements (see the table below).
|Government agencies and other entities||$ million|
|Australian Digital Health Agency||16.3|
|Australian Electoral Commission||2.1|
|Department of Employment||1.2|
|Australian Taxation Office||11.0|
|Department of Foreign Affairs and Trade||7.5|
|Department of Health||38.6|
|Department of Immigration and Border Protection||1.5|
|Department of the Prime Minister and Cabinet||2.4|
|Department of Social Services||2.2|
|Department of Veterans’ Affairs||30.5|
|National Disability Insurance Agency||84.2|
|Other agencies (amounts of less than $1 million from other government agencies)||4.0|
- Financial and other data in this annual report is rounded to the nearest decimal point. This may lead to minor differences between numbers.
The department’s expenses in 2016-17 totalled $4,608.6 million, primarily for employee and supplier expenses.
Reporting of significant non-compliance issues
No matters were reported under section 19(1)(e) of the Public Governance, Performance and Accountability Act 2013 in relation to non-compliance with the finance law during the reporting period.
Statement of financial position
The total equity of the department at 30 June 2017 was $847.3 million.
The department’s total assets increased by 8.1 per cent to $2,227.0 million at 30 June 2017. Assets primarily comprise retained appropriations and non-financial assets.
The department’s total liabilities increased by 1.2 per cent to $1,379.7 million at 30 June 2017. Liabilities primarily relate to accrued payments and employee provisions.
In 2016-17 the department collected and transferred $1.5 billion in child support payments between separated parents for the support of their children. The department also recognised $30.6 million dividends and competitive neutrality payments on behalf of the Australian Government from Australian Hearing.