2020-21 Budget - Budget Paper No. 4 - Agency Financial ...

?8. TRANSPORT CLUSTERAgency Expense Summary Transport clusterExpensesCapital Expenditure2019-202020-212019-202020-21Est. ActualBudgetChangeEst. ActualBudgetChange?$m$m%$m$m%Transport for NSW13,723.416,547.720.610,270.48,061.5(21.5)Cluster Grants (a)1,211.25,063.9318.1………Total Principal Agency14,934.621,611.644.710,270.48,061.5(21.5)General Government (GG) AgenciesSydney Metro 715.0709.3(0.8)2,289.05,837.0155.0Office of Transport Safety Investigations 3.43.53.9…4.5N/ATotal General Government Cluster Agencies718.4712.8(0.8)2,289.05,841.5155.2Public Non-Financial Corporations (PNFCs) NSW Trains 878.9882.30.44.910.8120.4Transport Asset Holding Entity of New South Wales (b)1,683.01,699.21.01,895.12,807.648.1State Transit Authority 409.3424.23.61.30.4(67.4)Sydney Ferries 14.515.78.70.916.8N/ASydney Trains 3,774.13,625.3(3.9)34.534.0(1.3)Total PNFCs6,759.86,646.7(1.7)1,936.72,869.748.2Total Transport Cluster (GG + PNFC) (c)13,744.116,179.717.714,496.116,772.715.7Cluster grants for 2019-20 excluded Consolidated Fund allocation to the former Roads and Maritime Services which was consolidated into Transport for NSW.Rail Corporation NSW was converted into Transport Asset Holding Entity of New South Wales and established as a statutory State-Owned Corporation from 1 July 2020.Total Transport cluster expenses (GG + PNFC) eliminates all intra-cluster expenditure such as cluster grants, personnel services, and expenses amongst the Transport cluster entities.Note: Some sub-totals in this table may not be exactly equal to the sum of agency totals due to rounding.Financial StatementsTransport for NSWOperating Statement?2019-202020-21?BudgetEst. ActualBudget?$000$000$000Expenses Excluding Losses???Operating Expenses -???Employee Related1,674,2871,726,2011,663,079Personnel Services Expenses1,1294,45524,398Other Operating Expenses3,924,2993,030,5143,785,389Grants and Subsidies4,423,5376,381,92010,975,728Appropriation Expense......…Depreciation and Amortisation2,329,2532,123,8112,889,441Finance Costs169,575116,564289,729Other Expenses1,840,2661,551,1451,983,828TOTAL EXPENSES EXCLUDING LOSSES14,362,16714,934,61221,611,593Revenue???Appropriation Revenue14,143,86813,985,45920,343,553Cluster Grant Revenue.........Acceptance by Crown Entity of Employee Benefits and Other Liabilities51,77280,93572,863Transfers to the Crown Entity.........Sales of Goods and Services3,631,4702,667,4603,192,639Grants and Contributions3,200,1293,153,1352,738,317Investment Revenue28,03420,14428,707Retained Taxes, Fees and Fines75,69966,69174,250Other Revenue638,147573,745570,015Total Revenue21,769,11820,547,56927,020,343Gain/(Loss) on Disposal of Non Current Assets(62)(13,016)(62)Other Gains/(Losses)(378,021)(783,789)(385,601)Net Result7,028,8684,816,1535,023,087Balance Sheet?2019-202020-21?BudgetEst. ActualBudget?$000$000$000Assets???Current Assets???Cash Assets1,388,6911,693,9081,406,113Taxes Receivable.........Receivables1,239,609968,3261,294,978Contract Assets.........Inventories6,3414,6804,680Financial Assets at Fair Value118,197119,969119,969Other Financial Assets30,0005,2295,229Other.........Assets Held For Sale25,00039,73940,009Total Current Assets2,807,8372,831,8522,870,979Non Current Assets???Taxes Receivable.........Contract Assets.........Receivables4,897,5142,748,658404,781Inventories......245Financial Assets at Fair Value251,179256,026267,701Equity Investments.........Property, Plant and Equipment -???Land and Building4,366,4024,001,5604,058,257Plant and Equipment1,115,0111,974,3591,832,981 Infrastructure Systems106,701,237104,767,228133,580,989Investment Properties.........Right of Use Assets360,0151,552,8891,588,157Intangibles856,3251,010,854958,368Other Assets3,033,3652,792,96313,217Total Non Current Assets121,581,048119,104,538142,704,696Total Assets124,388,885121,936,390145,575,675Liabilities???Current Liabilities???Taxes Payable.........Payables2,505,1981,838,2101,998,528Contract Liabilities...222,252222,252Other Financial Liabilities at Fair Value2155757Borrowings273,397385,700406,264Provisions338,353404,502418,469Other377,045462,231924,166Liabilities Associated with Assets Held for Sale.........Total Current Liabilities3,494,2093,312,9523,969,736Non Current Liabilities???Taxes Payable.........Payables.........Contract Liabilities...57,83957,839Other Financial Liabilities at Fair Value…......Borrowings2,837,7603,498,2833,343,169Provisions199,910225,313211,347Other687,888650,49814,308,615Total Non Current Liabilities3,725,5584,431,93417,920,971Total Liabilities7,219,7677,744,88721,890,707Net Assets117,169,118114,191,504123,684,968Equity???Accumulated Funds90,203,305113,673,978120,231,571Reserves26,965,813517,5263,453,397Capital Equity.........Total Equity117,169,118114,191,504123,684,968Cash Flow Statement?2019-202020-21?BudgetEst. ActualBudget?$000$000$000Cash Flows From Operating Activities???Payments???Employee Related1,624,7861,609,0721,590,218Personnel Services1,1294,45524,398Grants and Subsidies4,614,5976,051,11810,392,405Finance Costs169,575116,564295,195Equivalent Income Tax.........Other Payments7,028,3436,054,8797,708,742Total Payments13,448,43013,836,08920,010,959Receipts???Appropriation14,143,86813,985,45920,343,553Cluster Grant Revenue.........Cash reimbursements from the Crown Entity.........Sale Proceeds Transfers to the Crown Entity.........Cash transfers to the Crown Entity.........Sale of Goods and Services3,633,9062,737,0233,261,069Retained Taxes, Fees and Fines.........Interest Received17,0668,23317,032Grants and Contributions3,200,1293,135,2632,738,317Other Receipts1,691,7501,685,2981,639,099Total Receipts22,686,71921,551,27627,999,069Net Cash Flows From Operating Activities9,238,2897,715,1877,988,110Cash Flows From Investing Activities???Proceeds from Sale of Property, Plant and Equipment115,341112,00281,630Purchases of Property, Plant and Equipment(8,967,955)(7,788,025)(8,104,625)Proceeds from Sale of Investments...(120)...Purchases of Investments...(4,318)...Advances Repayments Received.........Advances made...(2,436)...Other Investing(208,588)(208,921)(80,723)Net Cash Flows From Investing Activities9,061,2027,891,817(8,103,718)Cash Flows From Financing Activities???Proceeds from Borrowings and Advances(103)......Repayment of Borrowings and Advances(223,989)(277,883)(172,187)Dividends Paid.........Other Financing.........Capital Appropriation - Equity Appropriation.........Cash Equity Injection to For-Profit Entities.........Net Cash Flows From Financing Activities(224,092)(277,883)(172,187)Net Increase/(Decrease) in Cash(47,005)(454,513)(287,795)Opening Cash and Cash Equivalents1,440,2762,153,2311,693,908Reclassification of Cash Equivalents(4,580)......Cash transferred in (out) as a Result of Administrative Restructuring...(4,810)...Closing Cash and Cash Equivalents1,388,6911,693,9081,406,113Sydney MetroOperating Statement?2019-202020-21?BudgetEst. ActualBudget?$000$000$000Expenses Excluding Losses???Operating Expenses -???Employee Related...4,590...Personnel Services Expenses3,84914,1263,930Other Operating Expenses447,891318,533342,944Grants and Subsidies...27,647...Appropriation Expense.........Depreciation and Amortisation161,323218,700231,927Finance Costs126,58762,97364,333Other Expenses130,07568,42466,141TOTAL EXPENSES EXCLUDING LOSSES869,725714,993709,275Revenue???Appropriation Revenue.........Cluster Grant Revenue532,3581,208,2895,060,825Acceptance by Crown Entity of Employee Benefits and Other Liabilities.........Transfers to the Crown Entity.........Sales of Goods and Services507,947260,917307,756Grants and Contributions1,161,4391,438,6101,086,614Investment Revenue...36,388...Retained Taxes, Fees and Fines.........Other Revenue49,8772,385...Total Revenue2,251,6222,946,5896,455,195Gain/(Loss) on Disposal of Non Current Assets20,488(39,063)143,500Other Gains/(Losses)...(5,951)...Net Result1,402,3852,186,5825,889,420Balance Sheet?2019-202020-21?BudgetEst. ActualBudget?$000$000$000Assets???Current Assets???Cash Assets73,569285,448137,297Taxes Receivable.........Receivables145,265126,652124,149Contract Assets.........Inventories.........Financial Assets at Fair Value.........Other Financial Assets...4,7734,773Other.........Assets Held For Sale...15,56515,565Total Current Assets218,834432,438281,784Non Current Assets???Taxes Receivable.........Contract Assets.........Receivables...1,285,9171,130,762Inventories.........Financial Assets at Fair Value.........Equity Investments.........Property, Plant and Equipment -???Land and Building...526,931526,931Plant and Equipment...665,543637,661 Infrastructure Systems16,860,64415,196,58021,076,337Investment Properties.........Right of Use Assets22,74825,32321,363Intangibles.........Other Assets......35,060Total Non Current Assets16,883,39217,700,29423,428,114Total Assets17,102,22618,132,73223,709,898Liabilities???Current Liabilities???Taxes Payable.........Payables337,099255,592205,737Contract Liabilities...9393Other Financial Liabilities at Fair Value.........Borrowings9,073809,90516,713Provisions...33,77033,770Other...7,1807,180Liabilities Associated with Assets Held for Sale.........Total Current Liabilities346,1721,106,540263,493Non Current Liabilities???Taxes Payable.........Payables.........Contract Liabilities...19,19919,199Other Financial Liabilities at Fair Value4,426415415Borrowings1,688,754932,1351,673,030Provisions...20,03220,032Other74,6902,8662,866Total Non Current Liabilities1,767,870974,6471,715,542Total Liabilities2,114,0432,081,1871,979,035Net Assets14,988,18316,051,54521,730,863Equity???Accumulated Funds14,988,18315,192,69920,872,017Reserves...858,846858,846Capital Equity.........Total Equity14,988,18316,051,54521,730,863Cash Flow Statement?2019-202020-21?BudgetEst. ActualBudget?$000$000$000Cash Flows From Operating Activities???Payments???Employee Related...4,590...Personnel Services3,84914,1263,930Grants and Subsidies.........Finance Costs126,587122,37164,333Equivalent Income Tax.........Other Payments577,966692,727544,065Total Payments708,402833,814612,328Receipts???Appropriation.........Cluster Grant Revenue532,3581,208,2895,060,825Cash reimbursements from the Crown Entity.........Sale Proceeds Transfers to the Crown Entity.........Cash transfers to the Crown Entity.........Sale of Goods and Services507,947257,184310,259Retained Taxes, Fees and Fines.........Interest Received...2,304...Grants and Contributions1,161,4391,457,9021,086,614Other Receipts49,877372,612(2,503)Total Receipts2,251,6223,298,2916,455,195Net Cash Flows From Operating Activities1,543,2202,464,4775,842,867Cash Flows From Investing Activities???Proceeds from Sale of Property, Plant and Equipment20,48869,580143,500Purchases of Property, Plant and Equipment(1,495,915)(2,373,715)(5,295,414)Proceeds from Sale of Investments...5,909...Purchases of Investments.........Advances Repayments Received.........Advances made.........Other Investing.........Net Cash Flows From Investing Activities(1,475,427)(2,298,226)(5,151,914)Cash Flows From Financing Activities???Proceeds from Borrowings and Advances.........Repayment of Borrowings and Advances(79,224)(71,610)(839,104)Dividends Paid.........Other Financing.........Capital Appropriation - Equity Appropriation.........Cash Equity Injection to For-Profit Entities.........Net Cash Flows From Financing Activities(79,224)(71,610)(839,104)Net Increase/(Decrease) in Cash(11,431)94,641(148,151)Opening Cash and Cash Equivalents85,000190,807285,448Reclassification of Cash Equivalents.........Cash transferred in (out) as a Result of Administrative Restructuring.........Closing Cash and Cash Equivalents73,569285,448137,297Office of Transport Safety InvestigationsOperating Statement?2019-202020-21?BudgetEst. ActualBudget?$000$000$000Expenses Excluding Losses???Operating Expenses -???Employee Related2,5172,5972,551Personnel Services Expenses.........Other Operating Expenses256471511Grants and Subsidies.........Appropriation Expense.........Depreciation and Amortisation357315398Finance Costs18(5)50Other Expenses.........TOTAL EXPENSES EXCLUDING LOSSES3,1483,3783,510Revenue???Appropriation Revenue.........Cluster Grant Revenue2,6952,8883,030Acceptance by Crown Entity of Employee Benefits and Other Liabilities193393198Transfers to the Crown Entity.........Sales of Goods and Services135...201Grants and Contributions.........Investment Revenue.........Retained Taxes, Fees and Fines.........Other Revenue.........Total Revenue3,0233,2813,429Gain/(Loss) on Disposal of Non Current Assets.........Other Gains/(Losses).........Net Result(125)(97)(81)Balance Sheet?2019-202020-21?BudgetEst. ActualBudget?$000$000$000Assets???Current Assets???Cash Assets178243256Taxes Receivable.........Receivables...1212Contract Assets.........Inventories.........Financial Assets at Fair Value.........Other Financial Assets.........Other.........Assets Held For Sale.........Total Current Assets178255268Non Current Assets???Taxes Receivable.........Contract Assets.........Receivables.........Inventories.........Financial Assets at Fair Value.........Equity Investments.........Property, Plant and Equipment -???Land and Building.........Plant and Equipment231810 Infrastructure Systems.........Investment Properties.........Right of Use Assets642104,082Intangibles.........Other Assets.........Total Non Current Assets665284,092Total Assets8432834,360Liabilities???Current Liabilities???Taxes Payable.........Payables150103103Contract Liabilities.........Other Financial Liabilities at Fair Value.........Borrowings3339420Provisions...432432Other.........Liabilities Associated with Assets Held for Sale.........Total Current Liabilities483544955Non Current Liabilities???Taxes Payable.........Payables.........Contract Liabilities.........Other Financial Liabilities at Fair Value.........Borrowings32323,749Provisions361......Other.........Total Non Current Liabilities68423,749Total Liabilities1,1675464,704Net Assets(324)(263)(344)Equity???Accumulated Funds(324)(263)(344)Reserves.........Capital Equity.........Total Equity(324)(263)(344)Cash Flow Statement?2019-202020-21?BudgetEst. ActualBudget?$000$000$000Cash Flows From Operating Activities???Payments???Employee Related2,3242,1592,354Personnel Services.........Grants and Subsidies.........Finance Costs181050Equivalent Income Tax.........Other Payments217584511Total Payments2,5592,7532,915Receipts???Appropriation.........Cluster Grant Revenue2,6952,8883,030Cash reimbursements from the Crown Entity.........Sale Proceeds Transfers to the Crown Entity.........Cash transfers to the Crown Entity.........Sale of Goods and Services135...201Retained Taxes, Fees and Fines.........Interest Received.........Grants and Contributions.........Other Receipts6177...Total Receipts2,8912,9653,232Net Cash Flows From Operating Activities332212317Cash Flows From Investing Activities???Proceeds from Sale of Property, Plant and Equipment.........Purchases of Property, Plant and Equipment(21)...(22)Proceeds from Sale of Investments.........Purchases of Investments.........Advances Repayments Received.........Advances made.........Other Investing.........Net Cash Flows From Investing Activities(21)...(22)Cash Flows From Financing Activities???Proceeds from Borrowings and Advances.........Repayment of Borrowings and Advances(313)(285)(282)Dividends Paid.........Other Financing.........Capital Appropriation - Equity Appropriation.........Cash Equity Injection to For-Profit Entities.........Net Cash Flows From Financing Activities(313)(285)(282)Net Increase/(Decrease) in Cash(2)(73)13Opening Cash and Cash Equivalents180316243Reclassification of Cash Equivalents.........Cash transferred in (out) as a Result of Administrative Restructuring.........Closing Cash and Cash Equivalents178243256 ................
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