Key financial indicators from 2017–18 to 2021–22
|
Department-controlled activities |
2021–22 |
2020–21 |
2019–20 |
2018–19 |
2017–18 |
|
$’000 (1) |
$’000 (2) |
$’000 (3) |
$’000 (4) |
$’000 (5) |
|
|
Income from government |
650,501 |
607,413 |
726,920 |
720,119 |
520,002 |
|
Total income from transactions |
694,868 |
642,804 |
818,062 |
760,318 |
580,778 |
|
Total expenses from transactions |
(675,126) |
(632,174) |
(825,276) |
(750,323) |
(573,028) |
|
Net result from transactions |
19,742 |
10,630 |
(7,214) |
9,995 |
7,750 |
|
Net result for the period |
21,986 |
13,048 |
(7,666) |
8,583 |
7,966 |
|
Net cash flow from operating activities |
29,706 |
35,597 |
17,883 |
35,134 |
15,980 |
|
Total assets |
1,118,658 |
881,214 |
866,022 |
876,813 |
847,231 |
|
Total liabilities |
106,858 |
95,703 |
116,514 |
116,711 |
90,268 |
The above table shows a summary of key financial indicators for DPC.
Notes:
(1) The increase in 2021–22 income and expenditure is mainly due to new government initiatives delivered during the year including digital vaccination certification, business licensing initiatives and the development of the Digital Victoria Marketplace. In addition, there is an increase associated with 2022 State Election readiness. Assets increased as a result of revaluation from formal valuation of property, plant and equipment. Department liabilities increased as a result of higher employee leave liabilities and provision for the early retirement packages announced during the year.
(2) The decrease in 2020–21 income and expenditure is mainly due to machinery of government changes where Fairer Victoria transferred from DPC to the Department of Families, Fairness and Housing on 1 February 2021, and Bushfire Recovery Victoria transferred to the Department of Justice and Community Safety from 1 July 2020. An increase in assets is driven by asset revaluations. Transfer of employee and supplier liabilities to the Department of Families, Fairness and Housing contributed to a decrease in liabilities.
(3) The increase in 2019–20 income and expenditure is mainly due to bushfire recovery activities and responses to the COVID-19 pandemic. DPC’s assets decreased due to reductions in financial assets from the use of funding received in prior financial years and machinery of government decisions where functions were transferred from DPC.
(4) The increase in 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 due to higher payables and employee liabilities because of growth and machinery of government transfers into DPC.
(5) 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.
Updated