Download Annual Report 2011-2012 - Governor-General of the ...

Chapter TwoFinancial performanceOperating resultThis section provides a summary of the Office’sfinancial performance for the 2011–12 financial year.Departmental and administered results are shownin the audited financial statements on pages 83-148of this report.Sound financial management by the Office resultedin a break-even operating outcome adjusted fordepreciation and amortisation.Works under the vice-regal Heritage PropertyMaster Plan (the Master Plan) were reviewed duringthe year and some planned works were deferred orcancelled. Under the Master Plan, funding is providedby Government via a departmental non-operatingequity injection for ongoing upkeep of the twovice-regal residences. Priority was given to workswhich made best use of existing infrastructure,repair of areas in dilapidated condition, and caseswhere serious structural or safety issues hadbeen identified.The Office received an unqualified audit reportfrom the Australian National Audit Office (ANAO)for 2011–12.Report against the 2011–12Portfolio Additional EstimatesStatementsAn Agency Resource Statement is included as TableH1 in Appendix H of this report. During 2011–12the appropriations available to the Office totalled$24,791,000. This figure comprised $16,064,000 fordepartmental outputs including $449,000 towardsthe Departmental Capital Budget and $467,000 forthe new National Emergency Medal and NationalPolice Service Medal; $1,897,000 for administeredexpenses; a special appropriation of $394,000 forthe Governor-General’s salary; $98,000 in otherdepartmental revenues; and $6,338,000 in equityinjections towards the Master Plan. The latter sumincluded unspent equity injections from previousyears brought forward.In addition, the Office received $37,500 in resourcesfree of charge from the ANAO.The total expenses and resources for Outcome 1,including departmental expense appropriations,revenue from other sources and administered expenseappropriations, are set out in Appendix H, Table H2.The variations between the budget appropriationsand the operating results for the year areexplained below.On the eve of the Women’s T20 international cricket competition, the Governor-General hosts girls involved in the in2CRICKETprogram at Admiralty House on 19 January 201212 OFFICE OF THE OFFICIAL SECRETARY TO THE GOVERNOR-GENERAL