Go to top of page

Note 1. Departmental financial performance 2017-18

This section analyses the financial performance of APSC for the year ended 2018.

Note 1.1: Expenses

 

2018
$’000

2017
$’000

Note 1.1a: Employee benefits

   

Wages and salaries

19,236

19,657

Superannuation

   

Defined contribution plans

1,771

1,559

Defined benefit plans

1,939

2,085

Leave and other entitlements

2,359

2,220

Separation and redundancies

708

598

Total employee benefits

26,013

26,119

Accounting policy

The accounting policy for employee related expenses is contained in note 5.1 Employee provisions.

Note 1.1b: Suppliers

   

Goods and services supplied or rendered

   

Consultants

729

810

Contractors

8,233

6,337

Travel

748

815

Venue hire and catering

901

803

Training

300

621

Information and communications technology

2,759

2,145

Facilities expense

191

139

Other goods and services

828

312

Total goods and services supplied or rendered

14,689

11,982

     

Other suppliers

   

Operating lease rentals

2,023

612

Workers compensation expenses

438

413

Total other suppliers

2,461

1,025

     

Total suppliers

17,150

13,007

Leasing commitments

The APSC in its capacity as lessee has three leases for office accommodation and one vehicle lease. Each office accommodation lease has annual fixed percentage increases in the lease payments. For all three accommodation leases, the initial period of office accommodation is still current and these leases do not have purchase options. The lease for the head office has the option to renew for two five year periods, whilst the other two accommodation leases do not have renewal options.

The APSC moved its head office in August 2017. The former lease commitment for office accommodation of $9.7 million over 5 years was transferred to the Department of Social Services. For the new office accommodation, a commitment of approximately $11.3 million over 9 years and 8 months was entered, with lease payments commencing in July 2017.

 

2018
$’000

2017
$’000

Commitments for minimum lease payments in relation to non-cancellable operating leases are payable as follows:

   

Within 1 year

1,501

2,293

Between 1 to 5 years

5,840

8,608

More than 5 years

4,595

-

Total operating lease commitments

11,936

10,901

Commitments are disclosed net of GST.

Accounting policy

Operating lease payments are expensed on a straight-line basis which is representative of the pattern of benefits derived from the leased assets.

Note 1.1c: Write-down and impairment of assets

   

Impairment on goods and services receivable

-

1

Impairment of property, plant and equipment

-

253

Total write-down and impairment of assets

-

254

Note 1.2: Own-source revenue

 

2018
$’000

2017
$’000

Own-source revenue

   
     

Note 1.2a: Sale of goods and rendering of services

   

Sale of goods

3

5

Rendering of services

20,874

20,760

Total sale of goods and rendering of services

20,877

20,765

Accounting policy

Revenue from the sale of goods is recognised when:

  • the risks and rewards of ownership have been transferred to the buyer
  • the APSC retains no managerial involvement nor effective control over the goods.

The stage of completion of contracts at the reporting date is determined by reference to services performed to date as a percentage of total services to be performed.

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 end of the reporting period. Allowances are made when the collectability of the debt is no longer probable.

Note 1.2b: Resources received free of charge

   

Audit services

40

43

     
Accounting policy

Resources 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. Resources received free of charge are recorded as either revenue or gains depending on their nature.

Revenue from Government
 

2018
$’000

2017
$’000

Note 1.2c: Revenue from Government

   

Appropriations

   

Departmental appropriations

22,811

20,334

Total revenue from Government

22,811

20,334

Accounting policy

Amounts appropriated for departmental appropriations for the year (adjusted for any formal additions and reductions) are recognised as Revenue from Government when the APSC gains control of the appropriation, except for certain amounts that relate to activities that are reciprocal in nature, in which case revenue is recognised only when it has been earned. Appropriations receivable are recognised at their nominal amounts.

Last reviewed: 
18 October 2018