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| 2003/04 | 2004/05 | ||
| Budgeted | Estimated actual |
Forecast | |
| Operating results | |||
| Other Revenue | $48,000 | $48,000 | $48,000 |
| Output expenses | $15,188,000 | $14,188,000 | $16,306,000 |
| Operating surplus before capital charge | $89,000 | $389,000 | $85,000 |
| Net surplus (deficit) | $18,000 | $318,000 | $18,000 |
| Working capital | |||
| Net current assets1 | $360,000 | $285,000 | $260,000 |
| Current ratio2 | 115% | 111% | 111% |
| Liquid ratio | 102% | 99% | 97% |
| Average creditors outstanding | 50 days | 50 days | 50 days |
| Resource utilisation | |||
| Physical assets: | |||
| Total physical assets at year end | $891,000 | $966,000 | $991,000 |
| Additions as % of physical assets | 46% | 43% | 40% |
| Taxpayers’ funds: | |||
| Level at year-end | $840,000 | $840,000 | $840,000 |
| Forecast net cash flows | |||
| Surplus/(deficit) operating activities | $465,000 | $690,000 | $739,000 |
| Surplus/(deficit) investing activities | ($406,000) | ($406,000) | ($400,000) |
| Surplus/(deficit) financing activities | ($467,000) | ($467,000) | ($318,000) |
| Net increase/(decrease) in cash held | ($408,000) | ($183,000) | $21,000 |
| Human resources | |||
| Staff turnover | 20% | 16% | 20% |
| Average length of service | 6.5years | 5.5 years | 5.5 years |
| Total staff | 121 | 129 | 132 |
The department aims to provide a work environment and conditions of employment that enable it to recruit and retain staff of the calibre and the skills and experience it requires.