STATEMENT OF
FINANCIAL PERFORMANCE
for the year ended 30 June 2002
|
Notes |
2002 |
2001 |
||
|
$’000 |
$’000 |
|||
|
Operating revenues from ordinary activities |
||||
|
Revenues from Government |
210,313 |
215,573 |
||
|
Sales of goods and services |
10,514 |
8,953 |
||
|
Interest |
352 |
5,987 |
||
|
Contributions |
3,607 |
3,764 |
||
|
Other |
142 |
45,690 |
||
|
Total revenues from ordinary activities |
224,928 |
279,967 |
||
|
Operating expenses from ordinary activities |
||||
|
Employees |
29,180 |
27,085 |
||
|
Suppliers |
22,156 |
22,002 |
||
|
Grants |
187 |
175 |
||
|
Depreciation and amortisation |
9,463 |
6,147 |
||
|
Write-down of assets |
73 |
195 |
||
|
Net loss from sales of assets |
2 |
20 |
||
|
Total expenses from ordinary activities |
61,061 |
55,624 |
||
|
Net operating surplus from ordinary activities |
163,867 |
224,343 |
||
|
Net surplus attributable to the Commonwealth |
163,867 |
224,343 |
||
|
Net credit (debit) to asset revaluation reserve |
2,092 |
142,990 |
||
|
Total revenues, expenses and valuation adjustments recognised directly in equity |
2,092 |
142,990 |
||
|
Total changes in equity other than those resulting from transactions with owners as owners. |
165,959 |
367,333 |
The above statement should be read in conjunction with the accompanying notes.
NATIONAL LIBRARY
OF AUSTRALIA
STATEMENT
OF FINANCIAL POSITION
as at 30 June 2002
|
Notes |
2002 |
2001 |
|||
|
$’000 |
$’000 |
||||
|
ASSETS |
|||||
|
Financial assets |
|||||
|
Cash |
9,106 |
9,370 |
|||
|
Receivables |
2,577 |
2,520 |
|||
|
Total financial assets |
11,683 |
11,890 |
|||
|
Non-financial assets |
|||||
|
Land and buildings |
133,220 |
133,223 |
|||
|
Infrastructure, plant and equipment |
10,901 |
7,305 |
|||
|
National Collection |
1,520,036 |
1,519,672 |
|||
|
Inventories |
719 |
781 |
|||
|
Intangibles |
3,154 |
3,435 |
|||
|
Other |
1,870 |
1,594 |
|||
|
Total non-financial assets |
1,669,900 |
1,666,010 |
|||
|
Total assets |
1,681,583 |
1,677,900 |
|||
|
LIABILITIES |
|||||
|
Provisions |
|||||
|
Capital Use Charge |
25 |
26 |
|||
|
Employees |
9,897 |
8,867 |
|||
|
Total provisions |
9,922 |
8,893 |
|||
|
Payables |
|||||
|
Suppliers |
1,699 |
3,417 |
|||
|
Grants |
17 |
14 |
|||
|
Other |
225 |
275 |
|||
|
Total payables |
1,941 |
3,706 |
|||
|
Total liabilities |
11,863 |
12,599 |
|||
|
EQUITY |
|||||
|
Parent entity interest |
|||||
|
Capital |
3,090 |
2,060 |
|||
|
Reserves |
253,301 |
251,209 |
|||
|
Accumulated surpluses |
1,413,329 |
1,412,032 |
|||
|
Total parent equity interest |
1,669,720 |
1,665,301 |
|||
|
Total equity |
1,669,720 |
1,665,301 |
|||
|
Current liabilities |
5,761 |
7,118 |
|||
|
Non-current liabilities |
6,102 |
5,481 |
|||
|
Current assets |
13,959 |
13,933 |
|||
|
Non-current assets |
1,667,624 |
1,666,967 |
|||
The above statement should be read in conjunction with the accompanying notes.
NATIONAL LIBRARY
OF AUSTRALIA
STATEMENT
OF CASH FLOWS
for the year ended 30 June 2002
|
Notes |
2002 |
2001 |
||
|
OPERATING ACTIVITIES |
$’000 |
$’000 |
||
|
Cash received |
||||
|
Sales of goods and services |
||||
|
Government |
1,414 |
1,215 |
||
|
Non-government |
9,471 |
8,167 |
||
|
Appropriations |
210,265 |
215,573 |
||
|
Interest |
348 |
5,987 |
||
|
GST recovered from ATO |
1,562 |
836 |
||
|
Other |
492 |
368 |
||
|
Total cash received |
223,552 |
232,146 |
||
|
Cash used |
||||
|
Employees |
(28,734) |
(26,504) |
||
|
Suppliers |
(23,332) |
(20,193) |
||
|
Grants |
(190) |
(171) |
||
|
Total cash used |
(52,250) |
(46,868) |
||
|
Net cash from operating activities |
171,296 |
185,278 |
||
|
INVESTING ACTIVITIES |
||||
|
Cash received |
||||
|
Proceeds from sales of property, plant and equipment |
4 |
6 |
||
|
Total cash received |
4 |
6 |
||
|
Cash used |
||||
|
Purchase of property, plant and equipment |
(10,023) |
(7,447) |
||
|
Total cash used |
(10,023) |
(7,447) |
||
|
Net cash from investing activities |
(10,019) |
(7,441) |
||
|
FINANCING ACTIVITIES |
||||
|
Cash received |
||||
|
Appropriations – contributed equity |
1,030 |
1,030 |
||
|
Total cash received |
1,030 |
1,030 |
||
|
Cash used |
||||
|
Capital use charge paid |
(162,571) |
(177,325) |
||
|
Repayment of debt |
- |
- |
||
|
Total cash used |
(162,571) |
(176,325) |
||
|
Net cash from financing activities |
(161,541) |
(176,295) |
||
|
Net increase/(decrease) in cash held |
(264) |
1,542 |
||
|
Cash at the beginning of the reporting period |
9,370 |
7,828 |
||
|
Cash at the end of the reporting period |
9,106 |
9,370 |
The above statement should be read in conjunction with the accompanying notes.
NATIONAL LIBRARY
OF AUSTRALIA
SCHEDULE
OF COMMITMENTS
as at 30 June 2002
|
Notes
|
2002 |
2001 |
||
|
BY TYPE |
$’000 |
$’000 |
||
|
CAPITAL COMMITMENTS |
||||
|
Buildings |
- |
302 |
||
|
Plant and equipment |
- |
66 |
||
|
Collections1 |
863 |
45 |
||
|
Total capital commitments |
863 |
413 |
||
|
OTHER COMMITMENTS |
||||
|
Operating leases2 |
7,666 |
8,378 |
||
|
Other commitments3 |
5,998 |
7,216 |
||
|
Total other commitments |
13,664 |
15,594 |
||
|
Total commitments payable |
14,527 |
16,007 |
||
|
COMMITMENTS RECEIVABLE |
1,143 |
931 |
||
|
Net Commitments |
13,384 |
15,076 |
||
|
BY MATURITY |
||||
|
All net commitments |
||||
|
One year or less |
4,627 |
4,946 |
||
|
From one to two years |
2,935 |
3,302 |
||
|
From two to five years |
2,783 |
3,476 |
||
|
Over five years |
3,039 |
3,352 |
||
|
Net Commitments |
13,384 |
15,076 |
||
|
Operating Lease Commitments |
||||
|
One year or less |
1,170 |
1,235 |
||
|
From one to five years |
2,871 |
3,150 |
||
|
Over five years |
3,039 |
3,352 |
||
|
Net operating lease commitments |
7,080 |
7,737 |
NB: Commitments are GST inclusive where relevant.
1. Collections commitments represent contracts for the purchases of collection items.
2. Operating leases included are effectively non-cancellable and comprise:
3. Other commitments primarily consist of the provision of computer services, security, legal services, postage and freight, cleaning and building maintenance.
NATIONAL LIBRARY
OF AUSTRALIA
SCHEDULE
OF CONTINGENCIES
as at 30 June 2002
|
Notes
|
2002 |
2001 |
||
|
$’000 |
$’000 |
|||
|
CONTINGENT LOSSES |
||||
|
Claims for damages |
- |
- |
||
|
Total contingent losses |
- |
- |
||
|
Net contingencies |
- |
- |
|
SCHEDULE OF UNQUANTIFIABLE CONTINGENCIES There were no unquantifiable contingencies as at 30 June 2002. |
The above schedule should be read in conjunction with the accompanying notes.
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
Note 1: Summary of Significant Accounting Policies
1.1 Basis of Accounting
The financial statements are required by clause 1(b) of Schedule 1 to the Commonwealth Authorities and Companies Act 1997 and are a general purpose financial report.
The statements have been prepared in accordance with:
The statements have been prepared having regard to:
The Statements of Financial Performance and Financial Position have been prepared on an accrual basis, except for trust accounts where cash accounting is employed, and are in accordance with historical cost convention, except for certain assets, which as noted, are at valuation. Except where stated, no allowance is made for the effect of changing prices on the results or the financial position.
Assets and liabilities are recognised when and only when it is probable that future economic benefits will flow and the amounts of the assets or liabilities can be reliably measured. Assets and liabilities arising under agreements equally proportionately unperformed are, however 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.
Revenues and expenses are recognised in the Statement of Financial Performance when and only when the flow or consumption or loss of economic benefits has occurred and can be reliably measured.
1.2 Changes in Accounting Policy
The accounting policies used in the preparation of these financial statements are consistent with those used in 2000-01.
1.3 Reporting by Outcomes
A comparison of Budget and Actual Figures by Outcome specified in the Appropriation Acts relevant to the Library is presented in Note 20. Any material intra-government costs included in the figure ‘net cost to Budget outcomes’ are eliminated in calculating the actual budget outcome for the Government overall.
1.4 Revenue
The revenues described in this Note are revenues relating to the core operating activities of the Library. Details of revenue are given in Note 3.
Revenue from the sale of goods is recognised upon the delivery of goods to customers.
Interest revenue is recognised on a proportional basis taking into account the interest rates applicable to the financial assets.
Revenue from disposal of non-current assets is recognised when control of the asset has passed to the buyer.
Revenue from the rendering of a service is recognised by reference to the stage of completion of contracts. The stage of completion is determined according to the proportion that costs incurred to date bear to the estimated total costs of the transaction.
Revenues from Government – Output Appropriations
The full amount of the appropriation for Library outputs is recognised as revenue.
Resources Received Free of Charge
Services received free of charge are recognised as revenue 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 those resources is recognised as an expense.
Contributions of assets at no cost of acquisition or for nominal consideration are recognised at their fair value when the asset qualifies for recognition.
1.5 Transactions by the Government as Owner
Amounts appropriated by Parliament as equity injections have been fully drawn down in both 2000-01 and 2001-02 and recognised as ‘contributed equity’ in accordance with the Finance Minister’s Orders.
1.6 Employee entitlements
Leave
The liability for employee entitlements includes provisions 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 the future by employees of the Library is estimated to be less than the annual entitlement for sick leave.
The liability for annual leave reflects the value of total annual leave entitlements of all employees as at 30 June 2002 and is recognised at its nominal amount.
The non-current portion of the liability for long service leave is recognised and measured at the present value of the estimated future cash flows to be made in respect of all employees at 30 June 2002. In determining the present value of the liability, attrition rates and pay increases through promotion and inflation have been taken into account.
Separation and redundancy
Provision is also made for separation and redundancy payments in circumstances where the Library has formally identified positions as excess to requirements and a reliable estimate of the amount payable can be determined.
Superannuation
Employees contribute to the Commonwealth Superannuation Scheme and the Public Sector Superannuation Scheme. Employer contributions amounting to $3,102,203 (2000-01: $2,849,780) for the Library in relation to employee superannuation had been expensed in these financial statements.
No liability is shown for superannuation benefits recognised as at 30 June as the employer contributions fully extinguish the accruing liability, which is assumed by the Commonwealth.
Employer Superannuation Productivity Benefit contributions totalled $606,664 (2000-01: $540,408).
1.7 Leases
A distinction is made between finance leases, which effectively transfer from the lessor to the lessee substantially all the risks and benefits incidental to ownership of leased non-current assets, and operating leases, under which 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 the present value of minimum lease payments at the inception of the lease and a liability for the lease payments recognised at the same amount. 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 basis which is representative of the pattern of benefits derived from the leased assets. The net present value of future net outlays in respect of surplus space under non-cancellable lease agreements is expensed in the period in which the space becomes surplus.
Lease incentives taking the form of ‘free’ leasehold improvements and rent holidays are recognised as liabilities. These liabilities are reduced by allocating lease payments between rental expense and reduction of the liability.
1.8 Borrowing Costs
All borrowing costs are expensed as incurred except to the extent that they are directly attributable to qualifying assets, in which case they are capitalised. The amount capitalised in a reporting period does not exceed the amounts of costs incurred in that period.
The Library has no qualifying assets for which funds were borrowed specifically.
1.9 Grants
The Library recognises grant liabilities as follows.
Most grant agreements require the grantee to undertake specific tasks or utilise the funding in a specific way. In these cases, liabilities are recognised only to the extent that the grantee has complied with the grant agreement, and where grant moneys are paid in advance, a prepayment is recognised.
In cases where grant agreements are made without conditions to be monitored, liabilities are recognised on signing of the agreement.
1.10 Cash
Cash includes notes and coin held and any deposits held at call with a bank or financial institution.
1.11 Financial instruments
Accounting policies for financial instruments are stated at Note 18.
1.12 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.
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, except where they are required as part of a transfer of functions from another Government entity, in which case they are recognised as contributed equity at the carrying amount on the books of the transferor.
1.13 Property (Land, Buildings and Infrastructure), Plant and Equipment
Asset Recognition Threshold
Purchases of property, plant and equipment are recognised initially at cost in the Statement of Financial Position, except for purchases 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). The threshold for the recognition of software assets is $2,000. The purchase of library material regardless of the amount, other than serials, are capitalised as part of the National Collection.
Revaluations
Land, buildings, infrastructure, plant and equipment are revalued progressively in accordance with the 'deprival' method of valuation in successive 3-year cycles, so that no asset has a valuation greater than three years old.
Library collections were revalued as at 30 June 2001; Land and building were revalued as at 30 June 2000; and plant and equipment were revalued as at 30 June 2002.
Assets in each class acquired after the commencement of the progressive revaluation cycle are not captured and are reported at cost for the duration of the progressive revaluation then in progress.
In accordance with deprival methodology land is measured at its current market buying value because disposal is restricted by legislation, zoning or Government policy. Property, plant and equipment, other than land, is recognised at its depreciated replacement cost. Where assets are held which would not be replaced or are surplus to requirements, measurement is at net realisable value. At 30 June 2002, the Library had no assets in this situation.
All valuations are independent.
Recoverable Amount Test
Schedule 1 of the Orders requires the application of the recoverable amount test to the Library’s non-current assets in accordance with AAS 10 Recoverable Amount of Non-Current Assets. The carrying amounts of these non-current assets have been reviewed to determine whether they are in excess of their recoverable amounts. In assessing recoverable amounts, the relevant cash flows have been discounted to their present value.
Depreciation and Amortisation
Depreciable property, plant and equipment is written-off to their estimated residual values over their estimated useful lives to the Library, using in all cases the straight-line method of depreciation. Leasehold improvements are amortised on a straight-line basis over the lesser of the estimated useful life of the improvements or the unexpired period of the lease.
Depreciation/amortisation rates (useful lives) and methods are reviewed at each balance date and necessary adjustments are recognised in the current, or current and future reporting periods, as appropriate. Residual values are re-estimated for a change in prices only when assets are revalued.
Depreciation and amortisation rates applying to each class of depreciable assets are based on the following useful lives:
|
2002 |
2001 |
||
|
Building and building improvements |
10 to 250 years |
10 to 250 years |
|
|
Plant and equipment |
1 to 20 years |
5 to 20 years |
|
|
National collection – printed materials |
50 years |
50 years |
The aggregate amount of depreciation allocated for each class of asset during the reporting period is disclosed in Note 4D.
1.14 Inventories
Inventories held for resale are valued at the lower of cost and net realisable value.
Inventories not held for resale are valued at cost, unless they are no longer required, in which case they are valued at net realisable value.
Costs incurred in bringing each item of inventory to its present location and condition are assigned as follows:
1.15 Intangibles
The carrying amount of each non-current intangible asset is reviewed to determine whether it is in excess of the asset’s recoverable amount. If an excess exists at the reporting date, the asset is written down to its recoverable amount immediately. In assessing recoverable amounts, the relevant cash flows, including the expected cash inflows from future appropriations by the Parliament, have been discounted to their present value.
No write-down to recoverable amount has been made in 2001-2002.
Intangible assets are amortised on a straight-line basis over their anticipated useful lives. Useful lives are:
|
2002 |
2001 |
||
|
Computer software |
2 to 10 years |
2 to 10 years |
1.16 Taxation
The Library is exempt from all forms of taxation except fringe benefits tax and the goods and service tax.
1.17 Capital Use Charge
A Capital Use Charge of 11% (2001: 12%) is imposed by the Commonwealth on the net assets of the Library. The charge is adjusted to take account of asset gifts and revaluation increments during the financial year.
1.18 Foreign Currency
Transactions denominated in a foreign currency are converted at the rate of exchange at the date of the transaction. Foreign currency receivables and payables are translated at exchange rates as at the balance date. Associated currency gains or losses are not material.
1.19 Insurance
The Library has insured for risks through the Government’s insurable risk managed fund, called `Comcover’. Workers compensation is insured through Comcare Australia.
1.20 Comparative Figures
Comparative figures have been adjusted to conform to changes in presentation in these financial statements where required.
1.21 Rounding
Amounts are rounded to the nearest $1,000 except in relation to:
Note 2: Economic Dependency
The Library was established by section 5 of the National Library Australia Act 1960 and is controlled by the Commonwealth of Australia.
The Library is dependent on appropriations from the Parliament of the Commonwealth for its continued existence and ability to carry out its normal activities.
Note 3: Operating Revenues
Revenues from independent sources arise from both core and non-core activities of the Library.
|
2002 $’000 |
2001 $’000 |
Note 3A – Revenues from Government
|
Appropriations – operating expenses |
47,720 |
38,397 |
|
|
Appropriations – Capital Use Charge |
162,545 |
177,176 |
|
|
Resources received free of charge |
48 |
- |
|
|
210,313 |
215,573 |
Under the Commonwealth accrual accounting framework, agencies are funded for the Capital Use Charge. This charge is levied on an agency’s net departmental assets (i.e. assets controlled by the entity). It is designed to mirror the private sector concept of a return on investment. Consequently, in 2001-2002 the Library received additional funding of $162,545,000 (2000-2001: $177,176,000) in order to fund the Capital Use Charge paid to the Commonwealth.
Note 3B - Sales of Goods and Services
|
Goods |
1,533 |
857 |
|
|
Services |
8,981 |
8,096 |
|
|
10,514 |
8,953 |
Goods and services were sold to:
|
Government |
1,342 |
1,147 |
|
|
Non – Government |
9,172 |
7,806 |
|
|
10,514 |
8,953 |
|
Costs of sales of goods |
949 |
628 |
|
Deposits |
352 |
5,987 |
|
Resources received free of charge from sources other than government |
3,320 |
3,494 |
|
|
Grants and other non-reciprocal payments by other entities |
287 |
270 |
|
|
3,607 |
3,764 |
|
2002 $’000 |
2001 $’000 |
|
Remuneration (for services provided) |
28,751 |
26,508 |
|
|
Separation and redundancy |
109 |
222 |
|
|
Total remuneration |
28,860 |
26,730 |
|
|
Other employee expenses |
320 |
355 |
|
|
29,180 |
27,085 |
The Library contributes to the Commonwealth Superannuation (CSS) and the Public Sector (PSS) Superannuation schemes, which provide retirement, death and disability benefits to employees. Contributions to the schemes are at rates calculated to cover existing and emerging obligations. Current contribution rates are 20.5% of salary (CSS) and 10.6% of salary (PSS). An additional 3% is contributed for employer productivity benefits.
|
Supply of goods and services |
20,657 |
20,461 |
|
|
Operating lease rentals |
1,499 |
1,541 |
|
|
Total |
22,156 |
22,002 |
The Library makes grants to support Australian community organisations to preserve significant documentary heritage collections. The Harold White Fellowships are grants provided to established scholars and writers to work on materials held in the National Collection.
|
Non-profit institutions |
150 |
120 |
|
|
Individuals - Harold White Fellowships |
37 |
55 |
|
|
187 |
175 |
Note 4D - Depreciation and Amortisation
|
Depreciation of National Collection |
4,993 |
1,698 |
|
|
Depreciation of property, plant and equipment |
3,547 |
3,228 |
|
|
Amortisation of leasehold improvements |
4 |
31 |
|
|
Amortisation of intangible assets |
919 |
1,190 |
|
|
9,463 |
6,147 |
The aggregate amounts of depreciation or amortisation expensed during the reporting period, for each class of depreciable assets are as follows:
|
Building |
2,412 |
2,376 |
|
|
Leasehold improvements |
4 |
31 |
|
|
National Collection |
4,993 |
1,698 |
|
|
Other infrastructure, plant and equipment |
1,135 |
852 |
|
|
Intangibles |
919 |
1,190 |
|
|
9,463 |
6,147 |
|
2002 $’000 |
2001 $’000 |
Note 4E - Write-Down of Assets
|
Bad and doubtful debts expense |
|||
|
Receivables for goods and services |
12 |
29 |
|
|
Inventories |
42 |
152 |
|
|
Plant and Equipment – write-off on disposal |
19 |
14 |
|
|
73 |
195 |
Note 4F – Net Loss from Sales of Assets
|
Infrastructure, plant and equipment: |
|||
|
Proceeds from sale |
11 |
9 |
|
|
Net book value at sale |
13 |
29 |
|
|
Net Loss |
2 |
20 |
|
|
Add: plant and equipment written off on disposal (Note 4E) |
19 |
14 |
|
|
Net loss on disposal of property, plant and equipment |
21 |
34 |
Note 5: Financial assets
|
Cash at bank and on hand |
2,557 |
7,008 |
|
|
Deposits at call |
6,464 |
2,282 |
|
|
Term deposit |
85 |
80 |
|
|
9,106 |
9,370 |
||
|
Balance of cash as at 30 June shown in the |
|||
|
Statement of Cash Flows |
9,106 |
9,370 |
|
Goods and services |
2,266 |
1,990 |
|
|
Less: Provision for doubtful debts |
(33) |
(30) |
|
|
2,233 |
1,960 |
||
|
Other debtors |
6 |
9 |
|
|
GST Receivable |
338 |
551 |
|
|
2,577 |
2,520 |
Receivables (gross) are aged as follows:
|
Not overdue |
2,383 |
2,465 |
|
|
Overdue by |
|||
|
- less than 30 days |
124 |
36 |
|
|
- 30 to 60 days |
26 |
45 |
|
|
- 60 to 90 days |
2 |
2 |
|
|
- more than 90 days |
3 |
2 |
|
|
155 |
85 |
||
|
2,610 |
2,550 |
Note 6: Non financial assets
|
Land – at June 2000 valuation |
6,500 |
6,500 |
|
|
6,500 |
6,500 |
|
2002 $’000 |
2001 $’000 |
|||
|
Building - at June 2000 valuation |
171,000 |
171,000 |
||
|
Accumulated depreciation |
(48,724) |
(46,362) |
||
|
122,276 |
124,638 |
|||
|
Building improvements - at cost |
3,879 |
694 |
|
|
Accumulated depreciation |
(64) |
(15) |
|
|
3,815 |
679 |
|
Building improvements – work in progress |
614 |
1,386 |
|
Leasehold improvements - at cost |
88 |
88 |
|
|
Accumulated amortisation |
(73) |
(68) |
|
|
15 |
20 |
|
Total building |
126,720 |
126,723 |
|
Total land and building |
133,220 |
133,223 |
|
Plant and equipment - at June 1999 valuation |
- |
6,405 |
|
|
Plant and equipment - at June 2002 valuation |
20,058 |
- |
|
|
Accumulated depreciation |
(9,157) |
(1,379) |
|
|
10,901 |
5,026 |
|
Plant and equipment - at cost |
- |
2,489 |
|
|
Accumulated depreciation |
- |
(210) |
|
|
- |
2,279 |
|
Total plant and equipment |
10,901 |
7,305 |
The Library’s plant and equipment was valued as at 30 June 2002 in accordance with the policy stated at Note 1. The Australian Valuation Office completed the valuation and the officer responsible for the valuation project was Mr T. Noble AAPI, Grad Cert P & E, BBus (prop). The plant and equipment was valued at $10,901,000 and a revaluation increment of $2,092,000 was made to the asset revaluation reserve.
|
National Collection - at June 2001 valuation |
1,519,671 |
1,519,672 |
|
|
Accumulated depreciation |
(4,962) |
- |
|
|
1,514,709 |
1,519,672 |
|
National Collection - at cost |
5,358 |
- |
|
|
Accumulated depreciation |
(31) |
- |
|
|
5,327 |
- |
|
Total National Collection |
1,520,036 |
1,519,672 |
Note 6D - Analysis of property, plant and equipment and intangibles
| Table A - Movement summary 2001-02 for all assets irrespective of valuation basis | |||||||
|
Item |
Land $’000 |
Buildings $’000 |
Total land and buildings $’000 |
National Collection $’000 |
Infrastructure, plant and equipment $’000 |
Computer Software – Total intangibles$’000 |
TOTAL$’000 |
|
Gross Value as at 1 July 2001 |
6,500 |
173,168 |
179,668 |
1,519,671 |
8,895 |
6,353 |
1,714,587 |
|
Additions – Purchase of Assets |
2,413 |
2,413 |
5,358 |
2,704 |
638 |
11,113 |
|
|
Revaluations: write-ups/(write-downs) |
- |
- |
- |
8,528 |
- |
8,528 |
|
|
Write-offs |
- |
- |
- |
(30) |
(49) |
(79) |
|
|
Disposals |
- |
- |
- |
(38) |
- |
(38) |
|
|
Gross value as at 30 June 2002 |
6,500 |
175,581 |
182,081 |
1,525,029 |
20,059 |
6,942 |
1,734,111 |
|
Accumulated depreciation / amortisation as at 1 July 2001 |
n/a |
46,445 |
46,445 |
- |
1,589 |
2,918 |
50,952 |
|
Disposals |
n/a |
- |
- |
(25) |
- |
(25) |
|
|
Depreciation / amortisation charge for the year |
n/a |
2,416 |
2,416 |
4,993 |
1,169 |
919 |
9,497 |
|
Revaluations: (write-ups)/write-downs |
n/a |
- |
- |
6,436 |
- |
6,436 |
|
|
Write-offs |
n/a |
- |
- |
(11) |
(49) |
(60) |
|
|
Accumulated depreciation/ amortisation as at 30 June 2002 |
n/a |
48,861 |
48,861 |
4,993 |
9,158 |
3,788 |
66,800 |
|
Net book value at 30 June 2002 |
6,500 |
126,720 |
133,220 |
1,520,036 |
10,901 |
3,154 |
1,667,311 |
|
Net book value at 1 July 2001 |
6,500 |
126,723 |
133,223 |
1,519,672 |
7,305 |
3,435 |
1,663,635 |
Net revaluation increments in the above table comprises:
| Table B - Summary of balances of assets at valuation as at 30 June 2002 | |||||||
|
Item |
Land $’000 |
Buildings $’000 |
Total land and buildings $’000 |
National Collections $’000 |
Infrastructure, plant and equipment $’000 |
Computer Software – Total intangibles$’000 |
Total$’000 |
|
As at 30 June 2002 |
|||||||
|
Gross Value |
6,500 |
171,000 |
177,500 |
1,519,671 |
20,058 |
- |
1,717,229 |
|
Accumulated depreciation/amortisation |
n/a |
(48,724) |
(48,724) |
(4,962) |
(9,157) |
- |
(62,843) |
|
Net book value |
6,500 |
122,276 |
128,776 |
1,514,709 |
10,901 |
- |
1,654,386 |
|
As at 30 June 2001 |
|||||||
|
Gross Value |
6,500 |
171,000 |
177,500 |
1,519,671 |
6,405 |
- |
1,703,577 |
|
Accumulated depreciation/amortisation |
n/a |
(46,362) |
(46,362) |
- |
(1,379) |
- |
(47,741) |
|
Net book value |
6,500 |
124,638 |
131,138 |
1,519,671 |
5,026 |
- |
1,655,836 |
| Table C - Summary of assets under construction as at 30 June 2002 | |||||||
|
Item |
Land $’000 |
Buildings $’000 |
Total land and buildings $’000 |
National Collections $’000 |
Infrastructure, plant and equipment $’000 |
Computer Software – Total intangibles$’000 |
Total$’000 |
|
As at 30 June 2002 |
|||||||
|
Gross Value |
- |
614 |
614 |
- |
- |
- |
614 |
|
Accumulated depreciation/amortisation |
- |
- |
- |
- |
- |
- |
- |
|
Net book value |
- |
614 |
614 |
- |
- |
- |
614 |
|
As at 30 June 2001 |
|||||||
|
Gross Value |
- |
1,386 |
1,386 |
- |
- |
- |
1,386 |
|
Accumulated depreciation/amortisation |
- |
- |
- |
- |
- |
- |
- |
|
Net book value |
- |
1,386 |
1,386 |
- |
- |
- |
1,386 |
Inventories are categorised as follows:
|
Current |
406 |
449 |
|
|
Non-current |
313 |
332 |
|
|
719 |
781 |
|
Computer software – internally developed |
75 |
- |
|
|
Computer software – internally developed – in progress |
338 |
- |
|
|
Computer software – purchased |
6,529 |
6,353 |
|
|
Accumulated amortisation |
(3,788) |
(2,918) |
|
|
Total |
3,154 |
3,435 |
Note 6G - Other Non-Financial Assets
|
Prepayments |
1,870 |
1,594 |
Note 6H - Special Categories of Assets
The National Library building and land are categorised as restricted assets in accordance with the Finance Minister’s Orders made under the Commonwealth Authorities and Companies Act 1997. Restricted assets include those assets, which cannot be redeployed or disposed because of legal or government policy constraints. Specifically, the Library does not have the power to dispose of either the Library building or land upon which it stands. The value of the building and land is fully disclosed in Note 6A.
Note 7: Provisions
|
2002 $’000 |
2001 $’000 |
|
Salaries and wages |
844 |
692 |
|
|
Leave |
8,899 |
8,076 |
|
|
Superannuation |
98 |
99 |
|
|
Separation and redundancies |
56 |
- |
|
|
Aggregate employee entitlement liability |
9,897 |
8,867 |
|
Current |
3,795 |
3,386 |
|
|
Non-current |
6,102 |
5,481 |
|
|
9,897 |
8,867 |
Note 8: Payables
|
Trade creditors |
1,645 |
3,275 |
|
|
Operating lease rentals |
54 |
142 |
|
|
1,699 |
3,417 |
All supplier payables are current.
|
Individuals – Harold White Fellows |
17 |
14 |
|
|
17 |
14 |
All grants payables are current.
|
Non trade creditors |
188 |
260 |
|
|
Prepaid income |
37 |
15 |
|
|
225 |
275 |
All other payables are current.
Note 9: Equity
|
Item |
Accumulated Results $’000 |
Asset Revaluation Reserve $’000 |
Contributed Equity $’000 |
TOTAL EQUITY $’000 |
||||
|
2002 |
2001 |
2002 |
2001 |
2002 |
2002 |
2002 |
2001 |
|
|
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
|
|
Balance as at 1 July |
1,412,032 |
1,365,015 |
251,209 |
108,219 |
2,060 |
1,030 |
1,665,301 |
1,474,264 |
|
Operating Result |
163,867 |
224,343 |
- |
- |
- |
- |
163,867 |
224,343 |
|
Net revaluations increases/(Decreases) |
- |
- |
2,092 |
142,990 |
- |
- |
2,092 |
142,990 |
|
Transfers to/(from) Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
|
Equity Appropriation Capital |
- |
- |
- |
- |
1,030 |
1,030 |
1,030 |
1,030 |
|
Capital Use Charge (CUC) |
(162,570) |
(177,326) |
- |
- |
- |
- |
(162,570) |
(177,326) |
|
Contribution of equity: appropriation |
- |
- |
- |
- |
- |
- |
- |
|
|
Balance as at 30 June |
1,413,329 |
1,412,032 |
253,301 |
251,209 |
3,090 |
2,060 |
1,669,720 |
1,665,301 |
|
Less: outside equity interests |
- |
- |
- |
- |
- |
- |
- |
- |
|
Total equity attributable to the Commonwealth |
1,413,329 |
1,412,032 |
253,301 |
251,209 |
3,090 |
2,060 |
1,669,720 |
1,665,301 |
Note 10: Non-Cash Financing and Investing Activities
|
2002 $’000 |
2001 $’000 |
|
| National Collection material received free of charge |
1,090
|
46,944
|
The variation between year for National Collection material received free of charge reflects the recognition of National Collection material not previously recognised ($45,533,000) in the 2000-01 financial year.
Note 11: Cash Flow Reconciliation
Reconciliation of operating surplus to net cash provided by operating activities:
|
Operating surplus before extraordinary items |
163,867 |
224,343 |
|
|
Depreciation and amortisation |
9,463 |
6,147 |
|
|
Loss/(Gain) on disposal of fixed assets |
21 |
34 |
|
|
Resources received free of charge: non-government |
(3,320) |
(49,027) |
|
|
Notional expenditure |
2,272 |
2,085 |
|
|
(Increase) / decrease in receivables |
(60) |
(847) |
|
|
Increase / (decrease) in provision for doubtful debts |
3 |
3 |
|
|
(Increase) / decrease in other assets |
(214) |
(219) |
|
|
Increase / (decrease) in grant liabilities |
3 |
14 |
|
|
Increase / (decrease) in other liabilities |
(50) |
34 |
|
|
Increase / (decrease) in capital use charge |
(1) |
1 |
|
|
Increase / (decrease) in liability to suppliers |
(1,718) |
2,188 |
|
|
Increase / (decrease) in accrued salaries and wages |
207 |
73 |
|
|
Increase / (decrease) in employee provisions |
823 |
449 |
|
|
Net cash from / (used by) by operating activities |
171,296 |
185,278 |
Note 12: Remuneration of Council members
The number of Council members whose total remuneration was within the following bands are as follows:
|
$0 - $9,999 |
1 |
8 |
|
|
$10,000 - $19,999 |
6 |
6 |
|
|
7 |
14 |
|
$ |
$ |
||
|
Total remuneration received or due and receivable by the Council members of the Library |
86,089 |
84,635 |
The above disclosure excludes the Director-General, who is an executive member of the Council and whose remuneration is disclosed in Note 14. These payments are determined by the Remuneration Tribunal and paid in accordance with Sections 13 and 17A of the National Library Act 1960.
Note 13: Related Party Disclosures
National Library Council
Members of the Council during the year were:
|
J. Gobbo (Chairman) |
|
A. D. Robson (Deputy Chair) |
|
S. Bambrick |
|
D. Bourke |
|
M. Ferguson |
|
N. McCann to 26 March 2002 |
|
W. Pelz |
|
C. Rubenstein |
|
J. Tierney |
|
I. Watt to January 2002 |
|
H Williams from 27 March 2002 |
|
J. Fullerton (Director-General and Executive member of Council) |
The aggregate remuneration of Council members is disclosed in Note 12.
Transactions with Council members or Council member related entities
No members of the Council have, since the end of the previous financial year received or become entitled to receive a benefit (other than a benefit included in the aggregate amount of remuneration received or due and receivable by Council members shown in the financial statements) by reason of a contract made by the National Library with the Council member or an entity in which she/he has a substantial financial interest.
Note 14: Remuneration of Officers
|
The number of officers included in these figures are shown below in the relevant income bands |
|||
|
2002
|
2001
|
||
|
$100,000 - $110,000 |
- |
- |
|
|
$110,001 - $120,000 |
- |
1 |
|
|
$120,001 - $130,000 |
2 |
1 |
|
|
$130,001 - $140,000 |
1 |
2 |
|
|
$140,001 - $150,000 |
3 |
1 |
|
|
$150,001 - $160,000 |
1 |
2 |
|
|
$180,001 - $190,000 |
1 |
- |
|
|
$190,001 - $200,000 |
- |
1 |
|
|
$210,001 - $220,000 |
1 |
1 |
|
|
9 |
9 |
||
|
$ |
$ |
||
|
The aggregate amount of total remuneration of officers shown above. |
1,508,133 |
1,372,427 |
|
|
The aggregate amount of separation and redundancy payments during the year to officers shown above. |
- |
- |
The officer remuneration includes all officers concerned with or taking part in the management of the Library during 2001-02 provided that their remuneration equals to or exceeds $100,000 and includes the Director-General.
Note 15: Remuneration of Auditors
|
2002 $ |
2001 $ |
|
| Remuneration to the Auditor-General for auditing the financial statements for the reporting period. |
43,000
|
43,000
|
No other services were provided by the Auditor-General during the reporting period.
Note 16: Average Staffing Levels
|
The average staffing levels for the Library during the year were: |
501 |
496 |
Note 17: Trust money
The Library operates a number of trust funds to account for donations and income from the application of donated funds. These funds operate under formal trust arrangements and funds are only expended in accordance with the terms of trusts, accordingly these moneys are not recognised in the financial statements. The following is a brief comment on each fund currently in operation:
|
$’000 |
$’000 |
(a) The Morris West Trust Fund was funded by the author Morris West. The fund is used for the publication of material owned by the Library.
|
Balance 1 July |
469 |
530 |
|
|
Deposits during the year |
38 |
35 |
|
|
507 |
565 |
||
|
Interest received |
29 |
27 |
|
|
536 |
592 |
||
|
Expenditure during the year |
(74) |
(123) |
|
|
Balance at 30 June |
462 |
469 |
(b) The General Trust Fund comprises donations received for general purposes or where no purpose is specified by the donor.
|
Balance 1 July |
476 |
453 |
|
|
Deposits during the year |
232 |
108 |
|
|
708 |
561 |
||
|
Interest received |
30 |
25 |
|
|
738 |
586 |
||
|
Expenditure during the year |
(117) |
(110) |
|
|
Balance at 30 June |
621 |
476 |
|
2002 $’000 |
2001 $’000 |
(c) The Kenneth Baillieu Myer Trust is a bequest from the late Kenneth Baillieu Myer for the purposes of the Kenneth Myer Annual Oration as held by the Library and for such other purpose as may be considered appropriate by the Director-General.
|
Balance 1 July |
91 |
97 |
|
|
Deposits during the year |
1 |
1 |
|
|
92 |
98 |
||
|
Interest received |
4 |
4 |
|
|
96 |
102 |
||
|
Expenditure during the year |
(13) |
(11) |
|
|
Balance at 30 June |
83 |
91 |
(d) The E.A. & V.I Crome Trust is a bequest by the late E.A Crome for the maintenance of and addition to the E.A. & V.I Crome collection.
|
Balance 1 July |
172 |
164 |
|
|
Deposits during the year |
- |
- |
|
|
172 |
164 |
||
|
Interest received |
10 |
8 |
|
|
182 |
172 |
||
|
Expenditure during the year |
- |
- |
|
|
Balance at 30 June |
182 |
172 |
(e) The Acquisition Trust Fund comprises donations received specifically for the acquisition of library material.
|
Balance 1 July |
46 |
53 |
|
|
Deposits during the year |
1 |
- |
|
|
47 |
53 |
||
|
Interest received |
3 |
2 |
|
|
50 |
55 |
||
|
Expenditure during the year |
(9) |
(9) |
|
|
Balance at 30 June |
41 |
46 |
(f) The H.S. Williams Trust is a bequest from the late Harold S. Williams for the maintenance of and addition to the H.S. Williams collection.
|
Balance 1 July |
24 |
23 |
|
|
Deposits during the year |
- |
- |
|
|
24 |
23 |
||
|
Interest received |
1 |
1 |
|
|
25 |
24 |
||
|
Expenditure during the year |
- |
- |
|
|
Balance at 30 June |
25 |
24 |
(g) The Dame Mary Gilmore Trust Account is a specific bequest from the late Dame Mary Gilmore.
|
Balance 1 July |
9 |
9 |
|
|
Deposits during the year |
- |
- |
|
|
9 |
9 |
||
|
Interest received |
1 |
- |
|
|
10 |
9 |
||
|
Expenditure during the year |
- |
- |
|
|
Balance at 30 June |
10 |
9 |
Note 18: Financial Instruments
Note 18A. - Terms, Conditions and Accounting Policies
|
Financial Instrument |
Notes |
Accounting Policies and Methods (including recognition criteria and measurement basis) |
Nature of underlying instrument (including significant terms and conditions affecting the amount, timing and certainty of cash flows) |
|
Financial assets |
|
Financial assets are recognised when control over future economic benefits are established and the amount of the benefit can be reliably measured. |
|
|
Deposits at call |
5A |
Deposits are recognised at their nominal amounts. Interest is credited to revenue as it accrues. |
Temporary surplus funds, mainly from revenue and monthly drawdowns of appropriations, are placed on deposit at call with the Library’s bankers. Interest is earned on the daily balance at the prevailing daily rate for money on call and is paid at month end. |
|
Receivables for goods and services |
5B |
These receivables are recognised at the nominal amounts due less any provision for bad and doubtful debts. Provisions are made when collection of debt is judged to be less rather than more likely. |
Credit terms are net 30 days (2001: 30 days). |
|
Other debtors |
5B |
As for receivables for goods and services. |
As for receivables for goods and services. |
|
Term Deposit |
5A |
Term deposits are recognised at cost. Interest is credited as it accrues. |
Term deposits are with the Library’s bank and interest in paid annually. The effective rate of interest is 4.15%. |
Financial Liabilities |
|
Financial liabilities are recognised when a present obligation to another party is entered into and the amount of the liability can be reliably measured. |
|
Trade creditors |
8A |
Creditors and accruals are recognised at their nominal amounts, being the amounts at which liabilities will be settled. Liabilities are recognised to the extent that the goods or services have been received (and irrespective of having been invoiced). |
Settlement is usually made net of 30 days. |
Grant Liabilities |
8C |
Grant liabilities are recognised at their nominal amounts, being the amounts at which the liabilities will be settled. Most grant agreements require the grantee to undertake specific tasks or utilise the funding in a specific way. In these cases, liabilities are recognised only to the extent that the grantee has complied with the grant agreement, and where grant moneys are paid in advance, a prepayment is recognised. In cases where grant agreements are made without conditions to be monitored, liabilities are recognised on signing of the agreement. |
Settlement is made in accordance with the grant agreement. |
Note 18B - Interest Rate Risk
|
Financial Instrument |
Notes |
Floating Interest Rate |
Fixed Interest Rate |
Non- Interest Bearing |
Total |
Weighted Average |
||||||||||||
|
1 year or less |
1 to 2 years |
2 to 5 years |
> 5 years |
Effective Interest Rate |
||||||||||||||
|
01-02 |
00-01 |
01-02 |
00-01 |
01-02 |
00-01 |
01-02 |
00-01 |
01-02 |
00-01 |
01-02 |
00-01 |
01-02 |
00-01 |
01-02 |
00-01 |
|||
|
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
% |
% |
|||
|
Financial Assets (Recognised) |
||||||||||||||||||
|
Cash at Bank |
5A |
2,554 |
6,394 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
2,554 |
6,394 |
3.61 |
4.88 |
|
|
Cash on Hand |
5A |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
3 |
6 |
3 |
6 |
n/a |
||
|
Deposits at call |
5A |
6,464 |
2,282 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
6,464 |
2,282 |
4.28 |
5.63 |
|
|
Receivables for Goods and Services |
5B |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
2,233 |
1,960 |
2,233 |
1,960 |
n/a |
n/a |
|
|
Other debtors |
5B |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
6 |
9 |
6 |
9 |
n/a |
n/a |
|
|
Term Deposit |
5A |
- |
- |
85 |
- |
- |
80 |
- |
- |
- |
- |
- |
- |
85 |
80 |
4.15 |
6.40 |
|
|
Total Financial Assets (Recognised) |
9,018 |
8,676 |
85 |
- |
- |
80 |
- |
- |
- |
- |
2,242 |
1,966 |
11,345 |
10,731 |
n/a |
n/a |
||
|
Total assets |
1,681,583 |
1,677,900 |
||||||||||||||||
|
Financial Liabilities (Recognised) |
||||||||||||||||||
|
Trade creditors |
8A |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
1,645 |
3,275 |
1,645 |
3,275 |
n/a |
n/a |
|
|
Grants Payable |
8C |
17 |
14 |
17 |
14 |
|||||||||||||
|
Total Financial Liabilities (Recognised) |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
1,662 |
3,289 |
1,662 |
3,289 |
n/a |
n/a |
||
|
Total Liabilities |
11,863 |
12,599 |
||||||||||||||||
Note 18C - Net Fair Value of Financial Assets and Liabilities
|
2001-02 |
2000-01 |
|||||||
|
Total carrying amount |
Aggregate net fair value |
Total carrying amount |
Aggregate net fair value |
|||||
|
Note |
$’000 |
$’000 |
$’000 |
$’000 |
||||
|
Financial Assets |
||||||||
|
Cash at Bank |
5A |
2,555 |
2,555 |
6,394 |
6,394 |
|||
|
Cash on Hand |
5A |
3 |
3 |
6 |
6 |
|||
|
Deposits at call |
5A |
6,463 |
6,463 |
2,282 |
2,282 |
|||
|
Receivables for Goods and Services |
5B |
2,233 |
2,233 |
1,960 |
1,960 |
|||
|
Other debtors |
5B |
6 |
6 |
9 |
9 |
|||
|
Term deposit |
5A |
85 |
85 |
80 |
80 |
|||
|
Total Financial Assets |
11,345 |
11,345 |
10,731 |
10,731 |
||||
|
Financial Liabilities (Recognised) |
||||||||
|
Trade creditors |
8A |
1,645 |
1,645 |
3,275 |
3,275 |
|||
|
Grants Payable |
8C |
17 |
17 |
14 |
14 |
|||
|
Total Financial Liabilities (Recognised) |
1,662 |
1,662 |
3,289 |
3,289 |
||||
Financial assets
The net fair values of cash, deposits on call and non-interest-bearing monetary financial assets approximate their carrying amounts. None of the classes of financial assets are readily traded on organised markets in standardised form.
Financial liabilities
The net fair values for trade creditors and grant liabilities, which are short term in nature, are approximated by their carrying amounts. None of the classes of financial liabilities are readily traded on organised markets in standardised form.
Note 18D - Credit Risk Exposures
The Library’s maximum exposures to credit risk at reporting date in relation to each class of recognised financial assets is the carrying amount of those assets as indicated in the Statements of Assets and Liabilities. The Library has no significant exposures to any concentrations of credit risk. The Library does not hold collateral or other security and therefore the figures for credit risk represent the maximum credit risk exposure.
Note 19: Appropriations
The Library received the following appropriations during the year out of the Consolidated Revenue Funds
|
Annual Appropriation Act No 1, 3 – basic appropriations |
210,265 |
215,573 |
|
|
Annual Appropriation Acts No. 2 – equity injection |
1,030 |
1,030 |
|
|
Total |
211,295 |
216,603 |
Note 20. Reporting of Outcomes
Note 20A – Outcomes of the Library
The Library is structured to meet one outcome:
Outcome 1: Australians have access, through the National Library of Australia, to a comprehensive collection of Australian library material and to international documentary resources.
The Library’s outputs reflect the functions of the Library as defined in the National Library Act 1960 including the maintenance and development of the national collection (Output 1); the provision of information services (Output 2); public program activities, such as exhibitions (Output 3); and, the provision of the Kinetica system and other services to support and facilitate resource sharing within the Library (Output 4).
Note 20B – Total Cost/Contributions of Outcomes
|
Outcome 1 |
||
|
Actual |
Budget |
|
|
$000 |
$000 |
|
|
Net taxation, fees and fines revenues |
- |
- |
|
Other administered revenues |
- |
- |
|
Net subsidies, benefits and grant expenses |
- |
- |
|
Other administered expenses |
- |
- |
|
Net cost of departmental outputs |
46,446 |
47,361 |
|
Cost of outcome before extraordinary items |
46,446 |
47,361 |
|
Extraordinary items |
- |
- |
|
Net cost to budget outcome |
46,446 |
47,361 |
Note 20C – Major Departmental Revenues and Expenses by Output
|
Output 1 |
Output 2 |
Output 3 |
Output 4 |
Total |
||||||
|
2002 |
2001 |
2002 |
2001 |
2002 |
2001 |
2002 |
2001 |
2002 |
2001 |
|
|
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
|
|
Operating revenues |
||||||||||
|
Revenues from Government |
18,225 |
18,741 |
179,635 |
188,074 |
7,586 |
5,783 |
4,867 |
2,975 |
210,313 |
215,573 |
|
Sale of goods and services |
667 |
551 |
1,760 |
1,038 |
1,532 |
938 |
6,555 |
6,426 |
10,514 |
8,953 |
|
Interest |
132 |
2,373 |
123 |
1,772 |
37 |
684 |
60 |
1,158 |
352 |
5,987 |
|
Contributions |
3,284 |
3,544 |
79 |
29 |
235 |
172 |
9 |
19 |
3,607 |
3,764 |
|
Other |
65 |
44 |
38 |
45,550 |
19 |
85 |
20 |
11 |
142 |
45,690 |
|
Total operating revenues |
22,373 |
25,253 |
181,635 |
236,463 |
9,409 |
7,662 |
11,511 |
10,589 |
224,928 |
279,967 |
|
Operating expenses |
||||||||||
|
Employees |
12,059 |
11,622 |
10,438 |
9,452 |
3,679 |
3,094 |
3,004 |
2,917 |
29,180 |
27,085 |
|
Suppliers |
7,709 |
8,212 |
4,968 |
5,235 |
3,603 |
2,274 |
5,876 |
6,281 |
22,156 |
22,002 |
|
Grants |
- |
- |
37 |
55 |
150 |
120 |
187 |
175 |
||
|
Depreciation and amortisation |
937 |
981 |
6,923 |
3,488 |
380 |
342 |
1,223 |
1,336 |
9,463 |
6,147 |
|
Write-down of assets |
- |
10 |
17 |
22 |
42 |
157 |
14 |
6 |
73 |
195 |
|
Loss on disposal of assets |
(3) |
- |
5 |
18 |
- |
2 |
- |
- |
2 |
20 |
|
Total operating expenses |
20,702 |
20,825 |
22,388 |
18,270 |
7,854 |
5,989 |
10,117 |
10,540 |
61,061 |
55,624 |
Note 20D – Major Classes of Assets and Liabilities by Output
|
Output 1 |
Output 2 |
Output 3 |
Output 4 |
Non-Specific |
Total |
|||||||
|
2002 |
2001 |
2002 |
2001 |
2002 |
2001 |
2002 |
2001 |
2002 |
2001 |
2002 |
2001 |
|
|
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
|
|
Output specific Library assets |
||||||||||||
|
Receivables |
180 |
98 |
27 |
34 |
- |
1 |
1,410 |
1,219 |
- |
- |
1,617 |
1,352 |
|
National Collections |
- |
- |
1,520,036 |
1,519,672 |
1,520,036 |
1,519,672 |
||||||
|
Infrastructure, plant and equipment |
915 |
514 |
5,876 |
4,450 |
500 |
195 |
23 |
26 |
- |
- |
7,314 |
5,175 |
|
Inventories |
- |
- |
42 |
41 |
575 |
645 |
- |
- |
- |
- |
617 |
686 |
|
Intangible |
1 |
2 |
4 |
6 |
- |
- |
2,148 |
2,912 |
- |
- |
2,153 |
2,920 |
|
Other |
1,497 |
1,327 |
- |
- |
- |
- |
- |
- |
- |
- |
1,497 |
1,327 |
|
Total specific Library assets |
2,593 |
1,941 |
1,525,985 |
1,524,203 |
1,075 |
841 |
3,581 |
4,157 |
- |
- |
1,533,234 |
1,531,142 |
|
Other Library assets |
||||||||||||
|
Cash |
- |
- |
- |
- |
- |
- |
- |
- |
9,106 |
9,370 |
9,106 |
9,370 |
|
Receivables |
- |
- |
- |
- |
- |
- |
- |
- |
960 |
1,168 |
960 |
1,168 |
|
Land and Buildings |
- |
- |
- |
- |
- |
- |
- |
- |
133,220 |
133,223 |
133,220 |
133,223 |
|
Infrastructure, plant and equipment |
- |
- |
- |
- |
- |
- |
- |
- |
3,587 |
2,120 |
3,587 |
2,120 |
|
Inventories |
- |
- |
- |
- |
- |
- |
- |
- |
102 |
95 |
102 |
95 |
|
Intangibles |
- |
- |
- |
- |
- |
- |
- |
- |
1,001 |
515 |
1,001 |
515 |
|
Other |
- |
- |
- |
- |
- |
- |
- |
- |
373 |
267 |
373 |
267 |
|
Total specific Library assets |
- |
- |
- |
- |
- |
- |
- |
- |
148,349 |
146,758 |
148,349 |
146,758 |
Note 20D – Major Classes of Assets and Liabilities by Output
|
Output 1 |
Output 2 |
Output 3 |
Output 4 |
Non-Specific |
Total |
|||||||
|
2002 |
2001 |
2002 |
2001 |
2002 |
2001 |
2002 |
2001 |
2002 |
2001 |
2002 |
2001 |
|
|
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
$’000 |
|
|
Output specific Library liabilities |
||||||||||||
|
Capital Use |
- |
- |
25 |
26 |
- |
- |
- |
- |
- |
- |
25 |
26 |
|
Employees |
231 |
240 |
198 |
192 |
87 |
71 |
108 |
42 |
- |
- |
624 |
545 |
|
Suppliers |
211 |
156 |
36 |
369 |
23 |
64 |
433 |
198 |
- |
- |
703 |
787 |
|
Grants |
- |
- |
17 |
14 |
- |
- |
- |
- |
- |
- |
17 |
14 |
|
Other |
- |
- |
21 |
25 |
21 |
- |
16 |
15 |
- |
- |
58 |
40 |
|
Total specific Library liabilities |
442 |
396 |
297 |
626 |
131 |
135 |
557 |
255 |
- |
- |
1,427 |
1,412 |
|
Other Library liabilities |
||||||||||||
|
Employees |
- |
- |
- |
- |
- |
- |
- |
- |
9,273 |
8,322 |
9,273 |
8,322 |
|
Suppliers |
- |
- |
- |
- |
- |
- |
- |
- |
996 |
2,630 |
996 |
2,630 |
|
Other |
- |
- |
- |
- |
- |
- |
- |
- |
167 |
235 |
167 |
235 |
|
Total other Library liabilities |
- |
- |
- |
- |
- |
- |
- |
- |
10,436 |
11,187 |
10,436 |
11,187 |