FINANCIAL RESULT

The ABCC recorded an operating surplus of $4.150 million for 2011-12. The operating surplus reflects the full 2011-12 year departmental appropriation of the ABCC which is required to be treated as revenue in the ABCC financial statements as required by Australian Accounting Standards and the Finance Minister’s Orders (FMOs).

Accordingly, the actual surplus for the 11 months to 31 May 2012 was considerably less.

Refer to part 4 of this report for the ABCC financial statements.

Table 3.1 summarises the total resources in comparison to the total payments made during the year.

TABLE 3.1 ABCC RESOURCE STATEMENT 2011-12

 

Actual available appropriation for 2011-12
$’000
(a)

Payments
made
2011-12
$’000
(b)

Balance
remaining
$’000
(a) – (b)

Ordinary annual services

 

 

 

Prior year departmental appropriation

38,249

28,634

9,615

Departmental appropriation1

36,006

36,006

s.31 FMA Act Relevant Agency Receipts

576

576

Total ordinary annual services

74,831

28,634

46,197

Total Net Resourcing for the
Office of the Australian Building
and Construction Commissioner

74,831

28,634

46,197

TABLE 3.2 ABCC EXPENSES AND RESOURCES FOR OUTCOME

Outcome 1
Workplace relations laws
are enforced in building and
construction industry workplaces

Budget*
2011-12
$’000
(a)

Actual
expenses
2011-12
$’000
(b)

Variation
$’000
(a) – (b)

Program 1.1: Workplace relations
laws are enforced in building and construction industry workplaces

 

 

 

Departmental expenses:

 

 

 

Ordinary annual services
(Appropriation Bill No. 1 – includes
s.31 FMA Act relevant agency receipts)

33,622

28,859

4,763

Expenses not requiring
appropriation in the Budget year

1,759

1,173

586

Total for Program 1.1

35,381

30,032

5,349

Outcome 1 Totals by Appropriation Type

 

 

 

Departmental expenses:

 

 

 

Ordinary annual services
(Appropriation Bill No. 1 – includes
s.31 FMA Act relevant agency receipts)

33,622

28,859

4,763

Expenses not requiring
appropriation in the Budget year

1,759

1,173

586

Total expenses for Outcome 1

35,381

30,032

5,349

* FULL YEAR BUDGET, INCLUDING ANY SUBSEQUENT ADJUSTMENT MADE TO THE 2011-12 BUDGET.

TABLE 3.3 ABCC STAFFING LEVELS

 

2011-12
(Actual)

2012-13
(Budget)

Average Staffing Level (number)

152.09

Table 3.2 summarises the expenses and resources the ABCC required to achieve its outcome, i.e. enforcing workplace relations laws in the building and construction industry.