The financial statements presented in this Annual Report relate to the controlled operations of the department, including government schools.
Other entities in the portfolio report separately, so their results are not included in the controlled financial transactions of the department. These include the ACFE Board, Adult Multicultural Education Services (AMES), VATL, Victorian Curriculum and Assessment Authority (VCAA), Victorian Institute of Teaching (VIT), VRQA, and TAFE institutes.
The following table summarises the department’s financial results for the financial year just completed and provides comparative information for the previous 4 years.
Five-year financial summary
|
Five-year financial summary |
2021–22 |
2020–21 |
2019–20 |
2018–19 |
2017–18 |
|
Operating revenue |
|||||
|
Output appropriation [1] |
14,834.4 |
16,133.9 |
14,887.5 |
13,815.7 |
12,816.0 |
|
Other revenue |
926.2 |
597.9 |
830.4 |
927.6 |
834.7 |
|
Total income from transactions |
15,760.6 |
16,731.6 |
15,717.9 |
14,743.3 |
13,650.7 |
|
Total expenses from transactions |
15,276.4 |
16,121.4 |
15,118.1 |
14,073.5 |
13,328.5 |
|
Net result from transactions |
484.2 |
610.2 |
599.8 |
669.8 |
322.2 |
|
Total other economic flows |
190.3 |
50.5 |
(39.2) |
(98.1) |
(10.3) |
|
Net result for period |
674.5 |
660.7 |
560.6 |
571.7 |
311.9 |
|
Net cash flow from operating activities |
813.7 |
605.7 |
1220.3 |
1,047.1 |
790.0 |
|
Total assets |
40,627.2 |
33,535.4 |
29,228.9 |
27,846.8 |
27,771.7 |
|
Total liabilities |
3,349.1 |
3,302.9 |
3,355.5 |
3,022.0 |
2,809.3 |
|
Net assets |
37,278.1 |
30,232.5 |
25,873.4 |
24,824.8 |
24,962.4 |
[1] Output appropriation is the main source of recurring funding from the Victorian Government.
Updated