Significant factors that affected our performance in 2018–19 and for the preceding four reporting periods are summarised below.
- The increase in DPC’s income and expenditure in 2018–19 was mainly due to new government initiatives delivered during the year. These included the Pick My Project community grants initiative, multicultural community infrastructure programs and initiatives carried out through the Premier’s Jobs and Investment Fund. Separately, the special appropriation funding provided to the Victorian Electoral Commission also increased due to the November 2018 Victorian state election.
- In 2018–19 DPC’s assets increased due to investments in modernising DPC’s office spaces and further investments in enhancing the Service Victoria online customer platform. DPC’s liabilities also increased during the year due to increases in payables and employee liabilities due to growth and machinery of government decisions where functions were transferred to DPC from other government departments.
- In 2017–18 the increase in income from transactions and the increase in expenses from transactions relate to new government initiatives carried out during the year. The increase in total assets is mainly due to building the Service Victoria online customer platform.
- The full-year impact of significant new initiatives affected DPC’s operations in 2016–17. Asset balances were impacted by asset revaluations during the year.
- Machinery of government transfers affected DPC’s operations and balances in 2015–16. Asset balances were impacted by asset revaluations during the year.
- Machinery of government transfers effective 1 January 2015 affected DPC’s operations and financial position in 2014–15, as well as the November 2014 Victorian state election.
|
Departmental controlled activities |
2018–19 |
2017–18 |
2016–17 |
2015–16 |
2014–15 |
|
Income from government |
720,119 |
520,002 |
479,130 |
360,104 |
471,182 |
|
Total income from transactions |
760,318 |
580,778 |
518,324 |
396,903 |
487,181 |
|
Total expenses from transactions |
(750,323) |
(573,028) |
(496,796) |
(371,506) |
(475,706) |
|
Net result from transactions |
9,995 |
7,750 |
21,528 |
25,397 |
11,475 |
|
Net result for the period |
8,583 |
7,966 |
22,195 |
24,946 |
11,547 |
|
Net cash flow from operating activities |
35,134 |
15,980 |
33,375 |
20,720 |
9,571 |
|
Total assets |
876,813 |
847,231 |
813,404 |
634,521 |
580,490 |
|
Total liabilities |
116,711 |
90,268 |
77,749 |
62,796 |
57,681 |
The controlled activities of the department include all functions of DPC. They also include some portfolio entities of the department that are required to be included pursuant to a determination made by the Assistant Treasurer under section 53(1)(b) of the Financial Management Act 1994. These portfolio entities are:
- Labour Hire Licensing Authority
- Office of the Victorian Information Commissioner
- Victorian Multicultural Commission
- Victorian Veterans Council
- Victorian Independent Remunerations Tribunal
Updated