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For the year ending 30 June 2006
| 2004/05 | 2005/06 | ||
|---|---|---|---|
| Budgeted | Estimated actual |
Forecast | |
| Operating results | |||
| Other revenue | $58,000 | $58,000 | $58,000 |
| Output expenses | $16,084,000 | $15,040,000 | $13,444,000 |
| Operating surplus before capital charge | $95,000 | $1,139,000 | $95,000 |
| Net surplus/(deficit) | $28,000 | $1,072,000 | $28,000 |
| Working capital | |||
| Net current assets 1 | $572,000 | $565,000 | $595,000 |
| Current ratio 2 | 128% | 118% | 129% |
| Liquid ratio | 108% | 105% | 109% |
| Average creditors outstanding | 50 days | 50 days | 50 days |
| Resource utilisation | |||
| Physical assets:
Total physical assets at year end |
$780,000 | $787,000 | $657,000 |
| Additions as % of physical assets | 35% | 34% | 46% |
| Taxpayers' funds:
Level at year-end |
$840,000 | $840,000 | $840,000 |
| Forecast net cash flows | |||
| Surplus/(deficit) operating activities | $325,000 | $1,362,000 | $763,000 |
| Surplus/(deficit) investing activities | ($358,000) | ($358,000) | ($300,000) |
| Surplus/(deficit) financing activities | ($744,000) | ($744,000) | ($1,072,000) |
| Net increase/(decrease) in cash held | ($777,000) | $260,000 | ($609,000) |
| Human resources | |||
| Staff turnover | 20% | 19% | 20% |
| Average length of service | 6.5 years | 5.8 years | 6.0 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 high-calibre staff who have the skills and experience it requires.
1. Current assets minus current liabilities.
2. Current assets as a proportion of current liabilities.