Departmental finances
Operating result
Our agency achieved an operating surplus of $7.591 million (before depreciation and amortisation) in 2016–17, largely attributable to revaluation adjustments ($5.510 million) and the renegotiation and subsequent removal of the make-good provision ($1.868 million) related to the renewal of the agency’s office accommodation.
Operating budget
Our operating expenditure budget for 2016–17 was $71.446 million excluding depreciation. Refer to Note 1.1 of the financial statements.
Graph 8: Operating expenditure 2016–17
Capital Investment
Our capital expenditure budget for 2016–17 was $2.833 million consisting of:
- departmental capital budget of $1.183 million
- prior year equity of $1.500 million, and
- current year equity injection of $0.150 million.
Graph 9: Capital investment by category 2016–17
| Invested capital | Investment by percentage |
|---|
| Internally developed software (work in progress) | 72% |
| Internally developed software | 24% |
| Plant and equipment | 4% |
Our systems are designed to support multiple schemes with the intent of improving the client experience, reducing client burden and improving efficiency for the agency.
Graph 10: Capital investment in schemes 2016–17
| Capital investment area | Investment by percentage |
|---|
| Schemes | 86% |
| Agency administration | 14% |
Refer to Note 3.2 of the financial statements.
Administered finances
Our agency administered the Emissions Reduction Fund, Renewable Energy Target, and residual items relating to the carbon pricing mechanism on behalf of the government in 2016–17.
Administered income
Administered income was $161.667 million and came entirely from the Renewable Energy Target.
Graph 11: Administered income 2016–17
| Administered income | Administered income by percentage |
|---|
| Shortfall penalty | 92% |
| Registration of certificates | 6% |
| Surrender of certificates | 2% |
Refer to Note 2.2 of the
financial statements.
Administered expenses
Administered expenses were $309.233 million, predominantly in the Emissions Reduction Fund and Renewable Energy Target. Refer to Note 2.1 of the
financial statements.
Graph 12: Administered expenses 2016–17
| Administered expense | Administered expenses by percentage |
|---|
| Emissions Reduction Fund | 52% |
| Renewable Energy Target provision for refund, large-scale shortfall | 44% |
| Carbon pricing mechanism | 3% |
| Renewable Energy Target inspections | 1% |