The Inland Fisheries Service (IFS) has wide statutory powers under the Inland Fisheries Act 1995 to regulate, manage and protect freshwater fish and improve fisheries in inland waters.
The responsible Minister is the Minister for Primary Industries and Water, Hon Jeremy Rockliff MP, and the supporting agency is the Department of Primary Industries, Parks, Water and Environment.
The IFS manages Tasmania's inland fisheries for the benefit of anglers and the Tasmanian community. This requires management of:
· Tasmanian inland recreational fisheries;
· inland commercial fisheries and associated aquaculture industries; and
· conservation of native fish and eradication of pest fish.
This chapter provides the IFS's financial information for 2016‑17 and over the Forward Estimates period (2017‑18 to 2019‑20). Further information on the IFS is provided at www.ifs.tas.gov.au.
The key deliverables for the IFS include:
· assessment of the feasibility of creating a new angling water and the improvement of other waters in Southern Tasmania;
· continuing a number of projects to develop and improve angler access to lakes, rivers and streams throughout the State, including the Derwent and South Esk Rivers; and
· continuing and reinforcing the extensive work completed to date in the eradication of carp in Lake Sorell.
Table 21.1: Statement of Comprehensive Income
|
|
Budget) |
Budget) |
Forward) Estimate) |
Forward) Estimate) |
Forward) Estimate) |
|
|
$'000) |
$'000) |
$'000) |
$'000) |
$'000) |
|
|
|
|
|
|
|
|
Revenue and other income from transactions |
|
|
|
|
|
|
Grants |
1 123) |
1 123) |
1 123) |
1 123) |
1 123) |
|
Sales of goods and services1 |
592) |
1 026) |
1 028) |
742) |
756) |
|
Fees and fines |
1 674) |
1 699) |
1 734) |
1 771) |
1 776) |
|
Interest2 |
120) |
110) |
80) |
100) |
100) |
|
Total revenue and other income from transactions |
3 509) |
3 958) |
3 965) |
3 736) |
3 755) |
|
|
|
|
|
|
|
|
Expenses from transactions |
|
|
|
|
|
|
Employee benefits3 |
2 165) |
2 089) |
2 141) |
2 184) |
2 230) |
|
Depreciation and amortisation |
262) |
262) |
262) |
262) |
262) |
|
Supplies and consumables1 |
1 077) |
1 534) |
1 566) |
1 206) |
1 243) |
|
Total expenses from transactions |
3 504) |
3 885) |
3 969) |
3 652) |
3 735) |
|
|
|
|
|
|
|
|
Net result from transactions (net operating balance) |
5) |
73) |
(4) |
84) |
20) |
|
|
|
|
|
|
|
|
Net result |
5) |
73) |
(4) |
84) |
20) |
|
|
|
|
|
|
|
|
Other economic flows - other non-owner changes in equity |
|
|
|
|
|
|
Changes in physical asset revaluation reserve |
1) |
10) |
10) |
10) |
10) |
|
Total other economic flows - other non-owner changes in equity |
1) |
10) |
10) |
10) |
10) |
|
|
|
|
|
|
|
|
6) |
83) |
6) |
94) |
30) |
|
|
|
|
|
|
|
|
Notes:
1. The increases in Sales of goods and services and Supplies and consumables in 2016-17 and 2017-18 reflect Australian Government funding for carp eradication.
2. The decrease in Interest in 2017-18 reflects an anticipated reduction in investment returns primarily due to a reduction in the total value of interest earning assets held during that financial year.
3. The decrease in Employee benefits in 2016-17 reflects revised estimates based on 30 June 2015 actuals.
Table 21.2: Statement of Financial Position as at 30 June
|
|
2016)
Budget) |
2017)
Budget) |
2018) Forward) Estimate) |
2019) Forward) Estimate) |
2020) Forward) Estimate) |
|
|
$'000) |
$'000) |
$'000) |
$'000) |
$'000) |
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
Financial assets |
|
|
|
|
|
|
Cash and deposits |
2 547) |
2 722) |
2 821) |
3 008) |
3 131) |
|
Receivables |
158) |
174) |
237) |
300) |
363) |
|
|
2 705) |
2 896) |
3 058) |
3 308) |
3 494) |
|
Non-financial assets |
|
|
|
|
|
|
Property, plant and equipment |
3 923) |
3 906) |
3 764) |
3 622) |
3 480) |
|
Investment property |
2 230) |
2 435) |
2 435) |
2 435) |
2 435) |
|
|
6 153) |
6 341) |
6 199) |
6 057) |
5 915) |
|
|
|
|
|
|
|
|
Total assets |
8 858) |
9 237) |
9 257) |
9 365) |
9 409) |
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
Payables |
110) |
133) |
138) |
143) |
148) |
|
Employee benefits1 |
572) |
555) |
564) |
573) |
582) |
|
Total liabilities |
682) |
688) |
702) |
716) |
730) |
|
|
|
|
|
|
|
|
Net assets (liabilities) |
8 176) |
8 549) |
8 555) |
8 649) |
8 679) |
|
|
|
|
|
|
|
|
Equity |
|
|
|
|
|
|
Reserves |
2 075) |
2 274) |
2 284) |
2 294) |
2 304) |
|
Accumulated funds |
2 901) |
3 075) |
3 071) |
3 155) |
3 175) |
|
Other equity |
3 200) |
3 200) |
3 200) |
3 200) |
3 200) |
|
Total equity |
8 176) |
8 549) |
8 555) |
8 649) |
8 679) |
|
|
|
|
|
|
|
Note:
1. The decrease in Employee benefits in 2017 reflects a reduction in leave balances.
Table 21.3: Statement of Cash Flows
|
|
2015-16)
Budget) |
2016-17)
Budget) |
2017-18) Forward) Estimate) |
2018-19) Forward) Estimate) |
2019-20) Forward) Estimate) |
|
|
$'000) |
$'000) |
$'000) |
$'000) |
$'000) |
|
|
|
|
|
|
|
|
Cash flows from operating activities |
|
|
|
|
|
|
Cash inflows |
|
|
|
|
|
|
Grants |
1 123) |
1 123) |
1 123) |
1 123) |
1 123) |
|
Sales of goods and services1 |
592) |
1 026) |
1 028) |
742) |
756) |
|
Fees and fines |
1 674) |
1 699) |
1 734) |
1 771) |
1 776) |
|
GST receipts |
59) |
60) |
65) |
65) |
65) |
|
Interest received2 |
120) |
110) |
80) |
100) |
100) |
|
Total cash inflows |
3 568) |
4 018) |
4 030) |
3 801) |
3 820) |
|
|
|
|
|
|
|
|
Cash outflows |
|
|
|
|
|
|
Employee benefits3 |
(1 950) |
(1 889) |
(1 934) |
(1 973) |
(2 012) |
|
Superannuation |
(215) |
(200) |
(207) |
(211) |
(218) |
|
GST payments |
(110) |
(100) |
(104) |
(104) |
(104) |
|
Supplies and consumables1 |
(1 077) |
(1 534) |
(1 566) |
(1 206) |
(1 243) |
|
Total cash outflows |
(3 352) |
(3 723) |
(3 811) |
(3 494) |
(3 577) |
|
|
|
|
|
|
|
|
Net cash from (used by) operating activities |
216) |
295) |
219) |
307) |
243) |
|
|
|
|
|
|
|
|
Cash flows from investing activities |
|
|
|
|
|
|
Payments for acquisition of non-financial assets |
(180) |
(200) |
(200) |
(200) |
(200) |
|
Proceeds from the disposal of non-financial assets |
80) |
80) |
80) |
80) |
80) |
|
Net cash from (used by) investing activities |
(100) |
(120) |
(120) |
(120) |
(120) |
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents held |
116) |
175) |
99) |
187) |
123) |
|
|
|
|
|
|
|
|
Cash and deposits at the beginning of the reporting period |
2 431) |
2 547) |
2 722) |
2 821) |
3 008) |
|
Cash and deposits at the end of the reporting period |
2 547) |
2 722) |
2 821) |
3 008) |
3 131) |
|
|
|
|
|
|
|
Notes:
1. The increases in Sales of goods and services and Supplies and consumables in 2016-17 and 2017-18 reflect Australian Government funding for carp eradication.
2. The decrease in Interest received in 2017-18 reflects an anticipated reduction in investment returns primarily due to a reduction in the total value of interest earning assets held during that financial year.
3. The decrease in Employee benefits in 2016-17 reflects revised estimates based on 30 June 2015 actuals.