25    Royal Tasmanian Botanical Gardens

Authority Outline

The Royal Tasmanian Botanical Gardens is a Statutory Authority, governed by the Royal Tasmanian Botanical Gardens Act 2002. The RTBG Board, comprising seven members, is appointed by the Minister and is responsible for managing, conserving and enhancing the RTBG in accordance with the RTBG Act.

The responsible Minister is the Minister for Parks, Hon Jacquie Petrusma MP, and the supporting Agency is the Department of Primary Industries, Parks, Water and Environment.

The vision of the RTBG is to create and maintain an exceptional garden that enriches Tasmania’s social and cultural life, showcases and contributes to the conservation of the flora of Tasmania, and educates the community about the importance of plants.

The RTBG is Australia’s second oldest botanical gardens and was established in 1818. The gardens are home to the largest collection of mature conifers in the Southern Hemisphere and it also has the only subantarctic plant house in the world.

The mission of the RTBG is to sustainably manage the RTBG, conserve and develop the RTBG’s living collections and heritage, and create and deliver an exemplary and enlightening visitor experience and thriving organisational culture.

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


 

Key Deliverables

The key deliverables for the Royal Tasmanian Botanical Gardens include:

·       constructing a new Visitor Centre and redeveloping the existing centre, adjacent to the main gate, including a shop and public amenities, providing contemporary world class facilities for the almost 460 000 visitors who are now coming to the Gardens each year. Increased and improved parking and road works will take place in future years following completion of the Centre;

·       developing and implementing sustainable business strategies aimed at increasing donations and self‑generated revenue from commercial activities and events;

·       continuing to develop community engagement programs based around the Tasmanian Community Food Garden and other aspects of the RTBG’s operations; and

·       the ongoing operation of the Tasmanian Seed Conservation Centre and its associated research projects in partnership with the Royal Botanic Gardens Kew in London; the Department of Primary Industries, Parks, Water and Environment; the University of Tasmania; the Tasmanian Museum and Art Gallery Herbarium; and the Australian Seed Bank Partnership.

Detailed Budget Statements

Table 25.1:       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

7 332 

3 188 

3 285 

3 392 

3 486 

Sales of goods and services2

356 

1 010 

2 638 

2 766 

2 907 

Interest

35 

20 

20 

20 

20 

Other revenue

76 

115 

111 

116 

121 

Total revenue

7 799 

4 333 

6 054 

6 294 

6 534 

Net gain/(loss) on non‑financial assets

(13)

.... 

.... 

.... 

.... 

Total income

7 786 

4 333 

6 054 

6 294 

6 534 

 

 

 

 

 

 

Expenses

 

 

 

 

 

Employee benefits

2 871 

2 883 

3 432 

3 501 

3 573 

Depreciation and amortisation

461 

530 

575 

587 

678 

Supplies and consumables

1 460 

1 450 

2 623 

2 691 

2 794 

Total expenses

4 792 

4 863 

6 630 

6 779 

7 045 

 

 

 

 

 

 

Net result

2 994 

(530)

(576)

(485)

(511)

 

 

 

 

 

 

Comprehensive result

2 994 

(530)

(576)

(485)

(511)

 

 

 

 

 

 

Notes:

1.    The decrease in Grants in 2021‑22 reflects the provision of funding for the new Visitor Centre in 2020‑21.

2.    The increase in Sales of goods and services in 2022‑23 reflects the anticipated rise in commercial activities and events.


 

Table 25.2:       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

2 538 

7 506 

4 670 

3 755 

905 

Receivables2

10 

57 

57 

57 

57 

Other financial assets2

54 

.... 

.... 

.... 

.... 

 

2 602 

7 563 

4 727 

3 812 

962 

 

 

 

 

 

 

Non‑financial assets

 

 

 

 

 

Inventories

74 

90 

90 

90 

90 

Property, plant and equipment1

15 601 

11 703 

14 134 

14 839 

17 453 

Infrastructure

4 515 

3 952 

3 801 

3 549 

3 299 

Other assets

28 

35 

35 

35 

35 

 

20 218 

15 780 

18 060 

18 513 

20 877 

 

 

 

 

 

 

Total assets

22 820 

23 343 

22 787 

22 325 

21 839 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

Payables

89 

40 

40 

40 

40 

Employee benefits

739 

810 

851 

894 

939 

Other liabilities

20 

81 

60 

40 

20 

Total liabilities

848 

931 

951 

974 

999 

 

 

 

 

 

 

Net assets (liabilities)

21 972 

22 412 

21 836 

21 351 

20 840 

 

 

 

 

 

 

Equity

 

 

 

 

 

Reserves

16 267 

16 706 

16 706 

16 706 

16 706 

Accumulated funds

5 705 

5 706 

5 130 

4 645 

4 134 

Total equity

21 972 

22 412 

21 836 

21 351 

20 840 

 

 

 

 

 

 

Notes:

1.    The variation in Cash and deposits, and Property, plant and equipment from 2022 primarily reflects the timing of the construction of the new Visitor Centre.

2.    The variation in Receivables, and Other financial assets from 2022 reflects alignment with classifications in RTBG’s 2019‑20 financial statements.

 


 

Table 25.3:       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

7 332 

3 188 

3 285 

3 392 

3 486 

Sales of goods and services

356 

1 010 

2 638 

2 766 

2 907 

GST receipts

166 

166 

496 

337 

528 

Interest received

35 

20 

20 

20 

20 

Other cash receipts

76 

115 

111 

116 

121 

Total cash inflows

7 965 

4 499 

6 550 

6 631 

7 062 

 

 

 

 

 

 

Cash outflows

 

 

 

 

 

Employee benefits

(2 544)

(2 555)

(3 041)

(3 103)

(3 166)

Superannuation

(327)

(328)

(391)

(398)

(407)

GST payments

(166)

(166)

(496)

(337)

(528)

Supplies and consumables

(1 614)

(1 450)

(2 623)

(2 691)

(2 794)

Total cash outflows

(4 651)

(4 499)

(6 551)

(6 529)

(6 895)

 

 

 

 

 

 

Net cash from (used by) operating activities

3 314 

.... 

(1)

102 

167 

 

 

 

 

 

 

Cash flows from investing activities

 

 

 

 

 

Payments for acquisition of non‑financial assets

(4 493)

(378)

(2 835)

(1 017)

(3 017)

Net cash from (used by) investing activities

(4 493)

(378)

(2 835)

(1 017)

(3 017)

 

 

 

 

 

 

Net increase (decrease) in cash and cash equivalents held

(1 179)

(378)

(2 836)

(915)

(2 850)

 

 

 

 

 

 

Cash and deposits at the beginning of the reporting period

3 717 

7 884 

7 506 

4 670 

3 755 

Cash and deposits at the end of the reporting period

2 538 

7 506 

4 670 

3 755 

905