Annual Report 2001-2002 - Western Australian Museum - The ...

Accounts and Financial Statements
20. Explanatory Statement
(i) Significant variations between actual revenues and expenditures for the financial year and revenues and
expenditures for the immediately preceding financial year
Details and reasons for significant variations between actual results with the corresponding items of the preceding
year are detailed below. Significant variations are considered to be those greater than 10% or $200,000.
88
2002 2001 Variance
Actual Actual Over/(under)
$000 $000 $000
Employee expenses 9,786 8,408 1,378
Depreciation 1,142 952 190
Administration expenses 1,349 1,595 (246)
Capital user charge 3,309 0 3,309
Other expenses 235 25 (210)
User charges and fees 500 298 202
Commonwealth grants and contributions 195 165 (30)
State grants 1,432 664 768
Interest revenue 227 309 82
Other revenue 404 187 217
Employee expenses
The variance is mainly due to the payment of superannuation expenses previously paid by the GESB and the
increase in salaries associated with the government’s framework agreement.
Depreciation
The variance reflects the increase in the Museum’s non current asset base.
Administration expenses
The reduction is mainly due to a reduction in consumables and lease expenditure.
Capital user charge
This expense was introduced in the 2001/02 budget. See note 7 for further information.
Other expenses
The variance is mainly due to the write off of revenue raised twice in a previous accounting period.
User charges and fees
The variance is mainly due to an increase in consultancy and facilities hire revenue.
Commonwealth grants and contributions
The variance reflects the greater support from the Commonwealth Government.
State grants
The variance relates to funding received in 2000/2001 for the development of exhibitions at the new maritime
museum.
Interest revenue
The decrease reflects lower interest rates in 2001/02.
Other revenue
The variance is due to an increase in service recoup revenue during the financial year and the recoup of recoverable
monies.
WESTERN AUSTRALIAN MUSEUM ANNUAL REPORT 2001–2002