24    Inland Fisheries Service

Authority Outline

Under the Inland Fisheries Act 1995, the Director of Inland Fisheries, through the Inland Fisheries Service, manages fisheries in all inland waters, which includes lakes, rivers, farm dams, registered private fisheries, ponds and aquaria.

The IFS has primary responsibility to:

·       manage, control, protect, develop, improve, maintain and regulate salmon fisheries, fisheries in inland waters and freshwater fish;

·       stock inland waters with fish;

·       create, improve and maintain access to inland waters;

·       provide facilities in respect of access to inland waters;

·       carry out research and investigation into matters relating to salmon fisheries and fisheries in inland waters; and

·       collect, publish and disseminate information relating to freshwater fish and inland waters.

The responsible Minister is the Minister for Primary Industries and Water, Hon Jo Palmer MLC, and the supporting agency is the Department of Natural Resources and Environment Tasmania.

This chapter provides the IFS’s financial information for 2022‑23 and over the Forward Estimates (2023‑24 to 2025‑26). Further information on the IFS is provided at www.ifs.tas.gov.au.

Key Deliverables

The IFS will continue to deliver initiatives funded in the 2021‑22 Budget, including:

·       providing new and upgraded facilities and amenities for inland fishing and improved access;

·       encouraging youth participation in angling by waiving junior angling fees; and

·       implementing the Government’s Tagged Trout Promotion to encourage participation in the recreational trout fishery and supporting tourism in regional communities.


 

Detailed Budget Statements

Table 24.1:       Statement of Comprehensive Income

 

2021‑22 

2022‑23 

2023‑24 

2024‑25 

2025‑26 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Revenue and other income

 

 

 

 

 

Grants1

1 721 

1 470 

1 453 

1 478 

1 239 

Sales of goods and services

684 

693 

710 

727 

744 

Fees and fines

1 518 

1 589 

1 640 

1 692 

1 744 

Interest

21 

10 

11 

12 

13 

Total revenue

3 944 

3 762 

3 814 

3 909 

3 740 

Total income

3 944 

3 762 

3 814 

3 909 

3 740 

 

 

 

 

 

 

Expenses

 

 

 

 

 

Employee benefits

2 265 

2 352 

2 399 

2 447 

2 496 

Depreciation and amortisation

229 

226 

226 

226 

226 

Supplies and consumables2

1 342 

1 439 

1 393 

1 414 

1 269 

Total expenses

3 836 

4 017 

4 018 

4 087 

3 991 

 

 

 

 

 

 

Net result

108 

(255)

(204)

(178)

(251)

 

 

 

 

 

 

Comprehensive result

108 

(255)

(204)

(178)

(251)

 

 

 

 

 

 

Notes:

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

2.    The variation in Supplies and consumables reflects the resumption of business activities, especially related to field work and the Trout Weekend.


 

Table 24.2:       Statement of Financial Position as at 30 June

 

2022 

2023 

2024 

2025 

2026 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Assets

 

 

 

 

 

Financial assets

 

 

 

 

 

Cash and deposits1

1 078 

1 620 

1 560 

1 566 

1 444 

Investments

572 

630 

630 

630 

630 

Receivables

119 

125 

130 

130 

110 

 

1 769 

2 375 

2 320 

2 326 

2 184 

 

 

 

 

 

 

Non‑financial assets

 

 

 

 

 

Property, plant and equipment

3 477 

3 220 

3 175 

3 109 

3 047 

Infrastructure

1 146 

1 212 

1 079 

960 

921 

Investment property

3 200 

3 238 

3 280 

3 290 

3 295 

 

7 823 

7 670 

7 534 

7 359 

7 263 

 

 

 

 

 

 

Total assets

9 592 

10 045 

9 854 

9 685 

9 447 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

Payables

55 

63 

66 

70 

73 

Employee benefits

780 

757 

767 

772 

782 

Total liabilities

835 

820 

833 

842 

855 

 

 

 

 

 

 

Net assets (liabilities)

8 757 

9 225 

9 021 

8 843 

8 592 

 

 

 

 

 

 

Equity

 

 

 

 

 

Reserves

2 754 

2 754 

2 754 

2 754 

2 754 

Accumulated funds

2 803 

3 271 

3 067 

2 889 

2 638 

Other Equity

3 200 

3 200 

3 200 

3 200 

3 200 

Total equity

8 757 

9 225 

9 021 

8 843 

8 592 

 

 

 

 

 

 

Note:

1.     The increase in Cash and deposits in 2023 reflects forecast revenue from licence fees and revised cash flows for initiatives funded in previous Budgets.


 

Table 24.3:       Statement of Cash Flows

 

2021‑22 

2022‑23 

2023‑24 

2024‑25 

2025‑26 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Cash flows from operating activities

 

 

 

 

 

Cash inflows

 

 

 

 

 

Grants

1 721 

1 470 

1 453 

1 478 

1 239 

Sales of goods and services

684 

693 

710 

727 

744 

Fees and fines

1 518 

1 589 

1 640 

1 692 

1 744 

GST receipts

129 

144 

139 

141 

127 

Interest received

21 

10 

11 

12 

13 

Total cash inflows

4 073 

3 906 

3 953 

4 050 

3 867 

 

 

 

 

 

 

Cash outflows

 

 

 

 

 

Employee benefits

(2 053)

(2 122)

(2 164)

(2 208)

(2 252)

Superannuation

(212)

(230)

(235)

(239)

(244)

GST payments

(63)

(69)

(71)

(73)

(74)

Supplies and consumables

(1 342)

(1 439)

(1 393)

(1 414)

(1 269)

Total cash outflows

(3 670)

(3 860)

(3 863)

(3 934)

(3 839)

 

 

 

 

 

 

Net cash from (used by) operating activities

403 

46 

90 

116 

28 

 

 

 

 

 

 

Cash flows from investing activities

 

 

 

 

 

Payments for acquisition of non‑financial assets

(250)

(156)

(150)

(110)

(150)

Net cash from (used by) investing activities

(250)

(156)

(150)

(110)

(150)

 

 

 

 

 

 

Net increase (decrease) in cash and cash equivalents held

153 

(110)

(60)

(122)

 

 

 

 

 

 

Cash and deposits at the beginning of the reporting period

925 

1 730 

1 620 

1 560 

1 566 

Cash and deposits at the end of the reporting period

1 078 

1 620 

1 560 

1 566 

1 444