Five-year financial summary
Key financial indicators from 2015–16 to 2019–20
|
Departmental controlled activities |
2019–20 |
2018–19 |
2017–18 |
2016–17 $’000 |
2015–16 |
|
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.
Updated