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As already noted, within the context of the Portfolio Budget Statements, the ABS has two outputs: Economic Statistics, and Population and Social Statistics. Table 2.1 provides, for 2006–07, a financial summary of ABS outputs and prices of outputs against the budgeted figures, and also provides budgeted figures for 2007–08. The full financial statements are provided in Chapter 24. The ABS budget is prepared under an accrual framework, consistent with the Australian Government Budget requirements.
The operating surplus of $0.6 million in 2006–07 was $2.1 million higher than the $1.5 million deficit projected at Additional Estimates. The improved position is primarily due to a technical accounting adjustment to employee benefits associated with movements in long-term interest rates. If the favourable movement in the interest rate had not taken place, the ABS would have recorded a loss in 2006–07. Revenue from other sources was $2.3 million higher than budget, due to increased consultants work associated with the 2006 Census. Increases in other gains of $0.1 million were also achieved on minor asset disposals. Expenditure was $0.3 million higher than budget due to increased costs associated with higher levels of external service provision that were offset by a technical movement in employee benefits.
Table 2.1 Financial resources summary ($’000)
(b) Budget 2007-08 - budget prior to additional estimates.
The ABS does not administer any discretionary grants. It conducts a scholarship program in conjunction with four Australian universities.
The breakdown of revenue raised from other sources is shown in Table 2.2.
Table 2.2 Revenue raised from other sources ($’000)
Total revenue increased in 2006–07 compared to 2005–06, with a 16 per cent increase in revenue raised from statistics. Other revenue increased by a similar margin of 9 per cent over the previous year, but was markedly less than 2004–05, when the one-off International Statistical Institute conference was hosted by the ABS.
Increases in revenue were recorded against statistical consultancy (124 per cent), other products and services (31 per cent) and user-funded surveys (16 per cent), building on the gains from the previous year and reflecting the ABS’ continued commitment to increasing its engagement with statistical users.
The ABS continued to record declines in revenue from publications (35 per cent decline) and other standard products (53 per cent decline). This was the first full year following the Australian Government decision to provide free access to all publications and other statistical products on the ABS website and the cessation, as a result, of the subscription service for hardcopy publications.