Marine and Safety Tasmania seeks to be widely recognised as a proactive, approachable and knowledgeable organisation that performs the functions required under the Marine and Safety Authority Act 1997. These functions are to:
· ensure the safe operation of recreational and commercial vessels;
· provide and manage marine facilities;
· manage environmental issues relating to vessels; and
· perform the functions delegated to the Authority by the Australian Maritime Safety Authority.
The responsible Minister is the Minister for Infrastructure and Transport, Hon Michael Ferguson MP, and the supporting agency is the Department of State Growth.
This chapter provides MAST’s financial information for 2022‑23 and over the Forward Estimates (2023‑24 to 2025‑26). Further information on MAST is provided at www.mast.tas.gov.au.
MAST will continue to deliver the 2021‑22 Budget initiative to upgrade the Bridport Foreshore infrastructure to support the growing number of recreational fishers, boaters and beachgoers.
The upgrades include improvement to the existing boat ramp to enable greater tide access, construction of a public jetty with a low landing and wave attenuating fenders to enable safe boarding of boats and inclusion of a wave screen attached to the jetty to attenuate wave action in the landing area.
Detailed environmental and engineering studies will also be undertaken to inform further development of a potential future new river entrance and port expansion.
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2021‑22 |
2022‑23 |
2023‑24 |
2024‑25 |
2025‑26 |
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Forward |
Forward |
Forward |
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Budget |
Budget |
Estimate |
Estimate |
Estimate |
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|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
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|
Revenue and other income |
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|
|
|
|
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Grants1 |
8 672 |
1 345 |
1 384 |
1 413 |
1 448 |
|
Sales of goods and services2 |
4 912 |
3 600 |
5 960 |
5 126 |
3 993 |
|
Interest |
24 |
25 |
25 |
25 |
25 |
|
Total revenue |
13 608 |
4 970 |
7 369 |
6 564 |
5 466 |
|
Net gain/(loss) on non‑financial assets3 |
(764) |
(763) |
.... |
.... |
.... |
|
Total income |
12 844 |
4 207 |
7 369 |
6 564 |
5 466 |
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|
|
|
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|
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Expenses |
|
|
|
|
|
|
Employee benefits |
2 009 |
2 101 |
2 144 |
2 187 |
2 231 |
|
Depreciation and amortisation |
1 393 |
1 408 |
1 383 |
1 338 |
1 303 |
|
Supplies and consumables |
5 796 |
3 887 |
4 202 |
4 162 |
4 211 |
|
Grants and subsidies4 |
5 300 |
2 000 |
2 000 |
.... |
.... |
|
Total expenses |
14 498 |
9 396 |
9 729 |
7 687 |
7 745 |
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|
|
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|
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|
Net result |
(1 654) |
(5 189) |
(2 360) |
(1 123) |
(2 279) |
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|
|
|
|
|
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Comprehensive result |
(1 654) |
(5 189) |
(2 360) |
(1 123) |
(2 279) |
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|
|
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Notes:
1. The variation in Grants primarily reflects the provision of additional funding of $5 million in 2021‑22 for the Bridport Foreshore initiative.
2. The variation in Sales of goods and services primarily reflects timing of renewals for recreational boating licenses, which occur every three years.
3. The Net loss on non‑financial assets reflects the transfer of the Binalong Bay Breakwater to the Break O’Day Council. The transfer, originally budgeted to occur in 2021‑22, is now planned for 2022‑23.
4. The variation in Grants and subsidies reflects the revised expenditure profile for completion of the Bridport Foreshore infrastructure upgrades.
5.
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2022 |
2023 |
2024 |
2025 |
2026 |
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|
|
Forward |
Forward |
Forward |
|
|
Budget |
Budget |
Estimate |
Estimate |
Estimate |
|
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
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Assets |
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Financial assets |
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Cash and deposits1 |
5 014 |
7 007 |
5 962 |
6 031 |
4 922 |
|
Receivables |
237 |
86 |
95 |
90 |
90 |
|
|
5 251 |
7 093 |
6 057 |
6 121 |
5 012 |
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Non‑financial assets |
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|
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Property, plant and equipment2 |
185 |
157 |
115 |
98 |
92 |
|
Infrastructure |
30 103 |
32 781 |
31 588 |
30 409 |
29 252 |
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Other assets |
3 |
129 |
780 |
636 |
504 |
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|
30 291 |
33 067 |
32 483 |
31 143 |
29 848 |
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|
|
|
|
|
Total assets |
35 542 |
40 160 |
38 540 |
37 264 |
34 860 |
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Liabilities |
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Payables3 |
404 |
287 |
1 085 |
919 |
847 |
|
Employee benefits |
592 |
735 |
677 |
690 |
637 |
|
Total liabilities |
996 |
1 022 |
1 762 |
1 609 |
1 484 |
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|
|
|
|
|
|
Net assets (liabilities) |
34 546 |
39 138 |
36 778 |
35 655 |
33 376 |
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Equity |
|
|
|
|
|
|
Reserves |
21 258 |
24 936 |
24 936 |
24 936 |
24 936 |
|
Accumulated funds |
3 349 |
4 263 |
1 903 |
780 |
(1 499) |
|
Other Equity |
9 939 |
9 939 |
9 939 |
9 939 |
9 939 |
|
Total equity |
34 546 |
39 138 |
36 778 |
35 655 |
33 376 |
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Notes:
1. The variation in Cash and deposits primarily reflects the impact of the receipt of triennial licence renewal income and the timing of expenditure for the Bridport Foreshore initiative.
2. The decrease in Property, plant and equipment primarily reflects a decrease in right of use assets for various MAST office leases.
3. The increase in Payables in 2024 reflects the estimated timing of creditor payments for budgeted project works.
4.
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|
2021‑22 |
2022‑23 |
2023‑24 |
2024‑25 |
2025‑26 |
|
|
|
|
Forward |
Forward |
Forward |
|
|
Budget |
Budget |
Estimate |
Estimate |
Estimate |
|
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
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Cash flows from operating activities |
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Cash inflows |
|
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|
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Grants |
8 672 |
1 345 |
1 384 |
1 413 |
1 448 |
|
Sales of goods and services |
4 912 |
3 600 |
5 960 |
5 126 |
3 993 |
|
GST receipts |
640 |
410 |
509 |
496 |
518 |
|
Interest received |
24 |
25 |
25 |
25 |
25 |
|
Total cash inflows |
14 248 |
5 380 |
7 878 |
7 060 |
5 984 |
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Cash outflows |
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|
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Employee benefits |
(1 827) |
(1 910) |
(1 949) |
(1 988) |
(2 028) |
|
Superannuation |
(182) |
(191) |
(195) |
(199) |
(203) |
|
GST payments |
(581) |
(398) |
(295) |
(415) |
(441) |
|
Grants and subsidies |
(5 300) |
(2 000) |
(2 000) |
.... |
.... |
|
Supplies and consumables |
(5 796) |
(3 985) |
(4 286) |
(4 213) |
(4 245) |
|
Total cash outflows |
(13 686) |
(8 484) |
(8 725) |
(6 815) |
(6 917) |
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Net cash from (used by) operating activities |
562 |
(3 104) |
(847) |
245 |
(933) |
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Cash flows from investing activities |
|
|
|
|
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Payments for acquisition of non‑financial assets1 |
(720) |
.... |
.... |
.... |
.... |
|
Net cash from (used by) investing activities |
(720) |
.... |
.... |
.... |
.... |
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Cash flows from financing activities |
|
|
|
|
|
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Net borrowings |
(131) |
(190) |
(198) |
(176) |
(176) |
|
Net cash from (used by) financing activities |
(131) |
(190) |
(198) |
(176) |
(176) |
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|
|
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|
Net increase (decrease) in cash and cash equivalents held |
(289) |
(3 294) |
(1 045) |
69 |
(1 109) |
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|
|
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|
Cash and deposits at the beginning of the reporting period |
5 303 |
10 301 |
7 007 |
5 962 |
6 031 |
|
Cash and deposits at the end of the reporting period |
5 014 |
7 007 |
5 962 |
6 031 |
4 922 |
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Note:
1. The decrease in Payments for acquisition of non‑financial assets primarily reflects the completion of jetty upgrades including replacement of the Cygnet Jetty.