Annual Report 2005-2006 - Forensicare

2005-2006 The Year in Review
FINANCIAL ANALYSIS OF OPERATING REVENUES AND EXPENDITURES
Year 05/06 04/05 03/04 02/03 01/02 Change 03/04
$’000 $’000 $’000 $’000 $’000 – 05/06
Total Revenue 33,283 32,629 30,071 30,130 27,202 10.5%
Total Expenses 34,488 33,514 31,924 29,592 26,484 7.9%
Net Operating Result (b/f abnormals) (1,205) (885) (1,853) 538 718 35.0%
Total Assets 47,017 47,408 41,232 43,221 40,604 14%
Total Liabilities 6,713 5,899 5,089 5,225 3,128 31.9%
FINANCIAL ANALYSIS OF THE OPERATING RESULT
2005 – 2006 Operating Result
2004 – 2005 Operating Result
2003 – 2004 Operating Result
2002 – 2003 Operating Result
-2.0 -1.5 -1.0 -0.5 0.0 0.25 0.50 1.0
$M
*Result after capital and depreciation
*Result before capital and depreciation
*Measuring Forensicare Financial Performance
Forensicare’s financial performance is usually assessed by the operating result before capital purpose income and
depreciation. This is because Government recurrent funding for Forensicare is not intended to pay for the replacement
of Forensicare buildings or major capital equipment items. The inclusion of capital grants and depreciation in the overall
operating result therefore distorts any assessment of financial performance.
FIVE YEAR COMPARISON OF DEBTORS BY CATEGORY
2,500,000
2,000,000
1,500,000
1,000,000
500,000
0
05/06 04/05
03/04
02/03
01/02
4
Trade Debtors
Dept Human Services - Employee Entitlements
Note - The Department of Human Services debt is primarily related to employee entitlements (long service leave) -
see Financial Statements, note 1(o) Indirect Contributions and note 2 (Statement of Understanding and Service
Agreement). Trade Debtors consist of amounts owing by a range of businesses/agencies for services rendered
by Forensicare.