23    Inland Fisheries Service

Authority Outline

The Inland Fisheries Service 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 Guy Barnett 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 control of pest fish.

This chapter provides the IFS’s financial information for 2021‑22 and over the Forward Estimates (2022‑23 to 2024‑25). Further information on the IFS is provided at www.ifs.tas.gov.au.

Key Deliverables

Table 23.1 provides a summary of the Budget and Forward Estimates allocations for key deliverables being undertaken by the Authority.

Table 23.1:       Key Deliverables Statement

 

2021‑22

 

Budget

2022‑23

Forward

Estimate

2023‑24

Forward

Estimate

2024‑25

Forward

Estimate

 

$'000

$'000

$'000

$'000

 

 

 

 

 

Election Commitments

 

 

 

 

Inland Fisheries Infrastructure

250

250

250

250

Junior Inland Angling Fee Waiver

18

19

19

19

Trout Promotion

50

50

….

….

 

 

 

 

 


Election Commitments

Inland Fisheries Infrastructure

This initiative will provide new and upgraded facilities and amenities for inland fishing, and improved access.

Junior Inland Angling Fee Waiver

To encourage youth participation, this initiative will waive junior angling license fees for four years, commencing in 2021‑22.

Trout Promotion

This initiative expands the Government’s Tagged Trout Promotion to encourage participation in the recreational trout fishery and support tourism into regional communities.


 

Detailed Budget Statements

Table 23.2:       Statement of Comprehensive Income

 

2020‑21 

2021‑22 

2022‑23 

2023‑24 

2024‑25 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Revenue and other income

 

 

 

 

 

Grants1

1 563 

1 721 

1 442 

1 392 

1 392 

Sales of goods and services

586 

684 

666 

677 

686 

Fees and fines

1 360 

1 518 

1 547 

1 569 

1 600 

Interest

20 

21 

22 

22 

22 

Total revenue

3 529 

3 944 

3 677 

3 660 

3 700 

Total income

3 529 

3 944 

3 677 

3 660 

3 700 

 

 

 

 

 

 

Expenses

 

 

 

 

 

Employee benefits

2 272 

2 265 

2 310 

2 356 

2 403 

Depreciation and amortisation

229 

229 

237 

243 

246 

Supplies and consumables

1 276 

1 342 

1 297 

1 282 

1 291 

Total expenses

3 777 

3 836 

3 844 

3 881 

3 940 

 

 

 

 

 

 

Net result

(248)

108 

(167)

(221)

(240)

 

 

 

 

 

 

Comprehensive result

(248)

108 

(167)

(221)

(240)

 

 

 

 

 

 

Note:

1.    The variation in Grants reflects additional funding for 2021 election commitments and the completion of fixed‑term funding for 2020‑21 Budget initiatives.


 

Table 23.3:       Statement of Financial Position as at 30 June

 

2021 

2022 

2023 

2024 

2025 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Assets

 

 

 

 

 

Financial assets

 

 

 

 

 

Cash and deposits1

1 497 

1 078 

963 

797 

620 

Investments1

.... 

572 

572 

572 

572 

Receivables

157 

119 

140 

93 

90 

 

1 654 

1 769 

1 675 

1 462 

1 282 

 

 

 

 

 

 

Non‑financial assets

 

 

 

 

 

Property, plant and equipment

3 701 

3 477 

3 278 

3 002 

2 690 

Infrastructure2

1 017 

1 146 

1 210 

1 491 

1 772 

Investment property

3 200 

3 200 

3 250 

3 250 

3 250 

 

7 918 

7 823 

7 738 

7 743 

7 712 

 

 

 

 

 

 

Total assets

9 572 

9 592 

9 413 

9 205 

8 994 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

Payables

23 

55 

37 

43 

67 

Employee benefits

667 

780 

786 

793 

798 

Total liabilities

690 

835 

823 

836 

865 

 

 

 

 

 

 

Net assets (liabilities)

8 882 

8 757 

8 590 

8 369 

8 129 

 

 

 

 

 

 

Equity

 

 

 

 

 

Reserves

2 904 

2 754 

2 754 

2 754 

2 754 

Accumulated funds

2 778 

2 803 

2 636 

2 415 

2 175 

Other Equity

3 200 

3 200 

3 200 

3 200 

3 200 

Total equity

8 882 

8 757 

8 590 

8 369 

8 129 

 

 

 

 

 

 

Notes:

1.    The variation in Cash and deposits and Investments reflects alignment with classifications in IFS’s 2019‑20 financial statements.

2.    The increase in Infrastructure reflects the 2021 election commitment to provide new and upgraded facilities.


 

Table 23.4:       Statement of Cash Flows

 

2020‑21 

2021‑22 

2022‑23 

2023‑24 

2024‑25 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Cash flows from operating activities

 

 

 

 

 

Cash inflows

 

 

 

 

 

Grants

1 563 

1 721 

1 442 

1 392 

1 392 

Sales of goods and services

586 

684 

666 

677 

686 

Fees and fines

1 360 

1 518 

1 547 

1 569 

1 600 

GST receipts

58 

129 

127 

124 

130 

Interest received

20 

21 

22 

22 

22 

Total cash inflows

3 587 

4 073 

3 804 

3 784 

3 830 

 

 

 

 

 

 

Cash outflows

 

 

 

 

 

Employee benefits

(2 065)

(2 053)

(2 094)

(2 135)

(2 178)

Superannuation

(207)

(212)

(216)

(221)

(225)

GST payments

(110)

(63)

(62)

(62)

(63)

Supplies and consumables

(1 224)

(1 342)

(1 297)

(1 282)

(1 291)

Total cash outflows

(3 606)

(3 670)

(3 669)

(3 700)

(3 757)

 

 

 

 

 

 

Net cash from (used by) operating activities

(19)

403 

135 

84 

73 

 

 

 

 

 

 

Cash flows from investing activities

 

 

 

 

 

Payments for acquisition of non‑financial assets

(200)

(250)

(250)

(250)

(250)

Net cash from (used by) investing activities

(200)

(250)

(250)

(250)

(250)

 

 

 

 

 

 

Net increase (decrease) in cash and cash equivalents held

(219)

153 

(115)

(166)

(177)

 

 

 

 

 

 

Cash and deposits at the beginning of the reporting period

1 716 

925 

1 078 

963 

797 

Cash and deposits at the end of the reporting period

1 497 

1 078 

963 

797 

620