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Five-year financial summary

Summary of factors that affected our performance in 2019–20 and the preceding 4 reporting periods.

Five-year financial summary

Key financial indicators from 2015–16 to 2019–20

Departmental controlled activities

2019–20
$’000

2018–19
$’000

2017–18
$’000

2016–17
$’000

2015–16
$’000

Income from government

726,920

720,119

520,002

479,130

360,104

Total income from transactions

818,062

760,318

580,778

518,324

396,903

Total expenses from transactions

(825,276)

(750,323)

(573,028)

(496,796)

(371,506)

Net result from transactions

(7,214)

9,995

7,750

21,528

25,397

Net result for the period

(7,666)

8,583

7,966

22,195

24,946

Net cash flow from operating activities

17,883

35,134

15,980

33,375

20,720

Total assets

866,022

876,813

847,231

813,404

634,521

Total liabilities

116,514

116,711

90,268

77,749

62,796

The above table shows a summary of key financial indicators for DPC.

Notes:

[1] The increase in DPC’s 2019–20 income and expenditure is mainly due to bushfire recovery activities and responses to the coronavirus (COVID-19) pandemic. DPC’s assets decreased due to reductions in financial assets, from the use of funding received in prior financial years, and from machinery of government decisions where functions were transferred from DPC.

[2] The increase in DPC’s 2018–19 income and expenditure is mainly due to new government initiatives delivered during the year, including Pick My Project, Multicultural Community Infrastructure Programs and the Victorian Jobs and Investment Fund. Separately, there was increased income and expenditure due to the 2018 State Election. Assets increased due to investments in modernising DPC’s office spaces and further investments in Service Victoria’s digital services platform. DPC’s liabilities increased as a result of higher payables and employee liabilities due to growth and machinery of government transfers into the department.

[3] The increase in income from transactions and an increase in expenses from transactions in 2017–18 relate to new government initiatives carried out during the year. Separately, the increase in total assets is mainly due to building Service Victoria’s digital services platform.

[4] The full year impact of significant new initiatives affected DPC’s operations in 2016–17. Asset balances were affected by asset revaluations during the year.

[5] Machinery of government transfers affected DPC’s operations and balances in 2015–16. Asset balances were affected by asset revaluations during the year.

Reviewed 13 January 2021

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