Department of Sustainability, Environment, Water, Population and Communities

Natural Heritage Trust of Australia

Financial Statements

for the period ended 30 June 2013


Subsection 43(3) of the Natural Heritage Trust of Australia Act 1997 requires that the financial statements of the Natural Heritage Trust of Australia Account comply with written guidelines issued by the Minister for Finance.

In our opinion, the attached financial statements for the year ended 30 June 2013 are based on properly maintained financial records and give a true and fair view of the matters required by the Finance Minister’s Orders made under the Financial Management and Accountability Act 1997, as amended.

[Signed]	[Signed]
Dr Paul Grimes Secretary 29 August 2013	Lily Viertmann Chief Finance Officer 29 August 2013

		2013		2012
	Notes	$'000		$'000
EXPENSES
Supplier	3A	46,428		49,358
Grants	3B	115,888		141,665
Write-down and impairment of assets	3C	42		197
Other expenses	3D	145		29
Total expenses		162,503		191,249
LESS:
OWN-SOURCE INCOME
Own-source revenue
Interest	4A	10,631		13,505
Other revenue	4B	369		341
Total own-source revenue		11,000		13,846
Gains
Other gains	4C	65		65
Total gains		65		65
Total own-source income		11,065		13,911
Net cost of services		151,438		177,338
Revenue from Government	4D	149,017		172,763
Surplus (Deficit) attributable to the Australian Government		(2,421)		(4,575)
Total comprehensive income (loss) attributable to the Australian Government		(2,421)		(4,575)

		2013		2012
	Notes	$'000		$'000
ASSETS
Financial Assets
Cash and cash equivalents	5A	-		-
Trade and other receivables	5B	397,490		402,093
Total financial assets		397,490		402,093
Total assets		397,490		402,093
LIABILITIES
Payables
Suppliers	6A	946		2,736
Grants	6B	3,996		2,208
Other payables	6C	244		2,424
Total payables		5,186		7,368
Total liabilities		5,186		7,368
Net assets		392,304		394,725
EQUITY
Retained surplus		392,304		394,725
Total equity		392,304		394,725

	Retained earnings		Total equity
	2013	2012	2013	2012
	$'000	$'000	$'000	$'000
Opening balance
Balance carried forward from previous period	394,725	399,300	394,725	399,300
Comprehensive income
Surplus (Deficit) for the period	(2,421)	(4,575)	(2,421)	(4,575)
Total comprehensive income	(2,421)	(4,575)	(2,421)	(4,575)
Closing balance as at 30 June	392,304	394,725	392,304	394,725
Closing balance attributable to the Australian Government	392,304	394,725	392,304	394,725