Академический Документы
Профессиональный Документы
Культура Документы
AnnualReport
2 0 1 2 - 1 3
EconomicDevelopmentDirectorate
AnnualReport
2 0 1 2 - 1 3
ANNUAL REPORT 2012-13
Contents
TransmittalCerticate 5
SectionA
A.1 TheOrganisation 12
A.2 Overview 16
A.3 Highlights 24
A.4 Outlook 31
A.5 ManagementDiscussionandAnalysis 33
A.6 FinancialReport 43
A.7 StatementofPerformance 127
A.8 StrategicIndicators 148
A.9 AnalysisofAgencyPerformance 152
A.10 TripleBottomLineReporting 195
SectionB
B.1 CommunityEngagement 198
B.2 InternalandExternalScrutiny 206
B.3 LegislativeAssemblyCommitteeInquiriesandReports 207
B.4 LegislativeReport 230
SectionC
C.1 RiskManagementandInternalAudit 234
C.2 FraudPrevention 236
C.3 PublicInterestDisclosure 238
C.4 FreedomofInformation 239
C.5 InternalAccountability 243
C.6 HumanResourcePerformance 248
C.7 StafngProle 251
C.8 LearningandDevelopment 255
C.9 WorkplaceHealthandSafety 257
C.10 WorkplaceRelations 260
3
L
e
a
r
y
D
e
p
u
t
y
D
i
r
e
c
t
o
r
-
G
e
n
e
r
a
l
L
a
n
d
D
e
v
e
l
o
p
m
e
n
t
,
S
t
r
a
t
e
g
y
a
n
d
F
i
n
a
n
c
e
D
a
n
i
e
l
S
t
e
w
a
r
t
E
x
e
c
u
t
i
v
e
D
i
r
e
c
t
o
r
B
u
s
i
n
e
s
s
D
e
v
e
l
o
p
m
e
n
t
I
a
n
C
o
x
A
C
T
G
a
m
b
l
i
n
g
a
n
d
R
a
c
i
n
g
C
o
m
m
i
s
s
i
o
n
G
o
v
e
r
n
i
n
g
B
o
a
r
d
C
E
O
A
C
T
G
a
m
b
l
i
n
g
a
n
d
R
a
c
i
n
g
C
o
m
m
i
s
s
i
o
n
G
r
e
g
J
o
n
e
s
E
x
e
c
u
t
i
v
e
D
i
r
e
c
t
o
r
M
i
n
i
s
t
e
r
i
a
l
,
C
a
b
i
n
e
t
a
n
d
P
o
l
i
c
y
L
o
u
i
s
e
G
i
l
d
i
n
g
E
x
e
c
u
t
i
v
e
D
i
r
e
c
t
o
r
L
a
n
d
D
e
v
e
l
o
p
m
e
n
t
C
h
r
i
s
R
e
y
n
o
l
d
s
D
i
r
e
c
t
o
r
U
r
b
a
n
R
e
n
e
w
a
l
P
a
u
l
L
e
w
i
s
E
x
e
c
u
t
i
v
e
D
i
r
e
c
t
o
r
I
n
f
r
a
s
t
r
u
c
t
u
r
e
a
n
d
C
a
p
i
t
a
l
W
o
r
k
s
H
a
m
i
s
h
M
c
N
u
l
t
y
D
i
r
e
c
t
o
r
O
f
f
i
c
e
o
f
C
o
o
r
d
i
n
a
t
o
r
-
G
e
n
e
r
a
l
V
a
c
a
n
t
G
e
n
e
r
a
l
M
a
n
a
g
e
r
V
e
n
u
e
a
n
d
E
v
e
n
t
S
e
r
v
i
c
e
s
N
e
a
l
e
G
u
t
h
r
i
e
D
i
r
e
c
t
o
r
A
u
s
t
r
a
l
i
a
n
C
a
p
i
t
a
l
T
o
u
r
i
s
m
I
a
n
H
i
l
l
D
i
r
e
c
t
o
r
S
p
o
r
t
a
n
d
R
e
c
r
e
a
t
i
o
n
J
e
n
n
y
P
r
i
e
s
t
D
i
r
e
c
t
o
r
S
u
s
t
a
i
n
a
b
l
e
L
a
n
d
S
t
r
a
t
e
g
y
G
r
e
g
E
l
l
i
s
D
i
r
e
c
t
o
r
S
t
r
a
t
e
g
i
c
F
i
n
a
n
c
e
D
e
r
m
o
t
W
a
l
s
h
E
x
h
i
b
i
t
i
o
n
P
a
r
k
C
o
r
p
o
r
a
t
i
o
n
G
o
v
e
r
n
i
n
g
B
o
a
r
d
G
e
n
e
r
a
l
M
a
n
a
g
e
r
E
x
h
i
b
i
t
i
o
n
P
a
r
k
C
o
r
p
o
r
a
t
i
o
n
L
i
z
C
l
a
r
k
e
D
i
r
e
c
t
o
r
W
o
r
k
f
o
r
c
e
a
n
d
G
o
v
e
r
n
a
n
c
e
A
n
i
t
a
H
a
r
g
r
e
a
v
e
s
L
a
n
d
D
e
v
e
l
o
p
m
e
n
t
A
g
e
n
c
y
G
o
v
e
r
n
i
n
g
B
o
a
r
d
P
r
o
j
e
c
t
D
i
r
e
c
t
o
r
C
a
p
i
t
a
l
M
e
t
r
o
D
i
v
i
s
i
o
n
G
l
e
n
n
B
a
i
n
D
i
r
e
c
t
o
r
-
G
e
n
e
r
a
l
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
C
h
i
e
f
E
x
e
c
u
t
i
v
e
O
f
f
i
c
e
r
L
a
n
d
D
e
v
e
l
o
p
m
e
n
t
A
g
e
n
c
y
D
a
v
i
d
D
a
w
e
s
M
i
n
i
s
t
e
r
f
o
r
t
h
e
E
n
v
i
r
o
n
m
e
n
t
a
n
d
S
u
s
t
a
i
n
a
b
l
e
D
e
v
e
l
o
p
m
e
n
t
M
i
n
i
s
t
e
r
C
o
r
b
e
l
l
*
M
i
n
i
s
t
e
r
C
o
r
b
e
l
l
i
s
t
h
e
M
i
n
i
s
t
e
r
r
e
s
p
o
n
s
i
b
l
e
f
o
r
t
h
e
C
a
p
i
t
a
l
M
e
t
r
o
P
r
o
j
e
c
t
L
e
g
e
n
d
:
R
e
p
r
e
s
e
n
t
s
t
h
e
a
r
e
a
s
o
f
t
h
e
D
i
r
e
c
t
o
r
a
t
e
c
o
v
e
r
e
d
i
n
t
h
i
s
r
e
p
o
r
t
.
R
e
p
r
e
s
e
n
t
t
h
e
a
r
e
a
s
o
f
t
h
e
D
i
r
e
c
t
o
r
a
t
e
(
t
h
e
L
a
n
d
D
e
v
e
l
o
p
m
e
n
t
A
g
e
n
c
y
,
G
a
m
b
l
i
n
g
a
n
d
R
a
c
i
n
g
C
o
m
m
i
s
s
i
o
n
a
n
d
E
x
h
i
b
i
t
i
o
n
P
a
r
k
C
o
r
p
o
r
a
t
i
o
n
)
t
h
a
t
p
r
o
d
u
c
e
s
e
p
a
r
a
t
e
A
n
n
u
a
l
R
e
p
o
r
t
s
.
R
e
p
r
e
s
e
n
t
s
M
i
n
i
s
t
e
r
C
o
r
b
e
l
l
,
w
h
o
w
a
s
r
e
s
p
o
n
s
i
b
l
e
f
o
r
t
h
e
C
a
p
i
t
a
l
M
e
t
r
o
P
r
o
j
e
c
t
a
s
a
t
J
u
n
e
2
0
1
3
.
15
ANNUAL REPORT 2012-13
ComparisontoOriginalBudget
TheDirectoratesnetcostofservicesfor2012-13of$137.8millionwas$48.3million
or54.0percenthigherthanthe2012-13Budget,reectingacombinationoffactors
including:
assettransfersinordinarycourseofbusiness($44.5million);
highergrantsandpurchasedservices($2.5million);
highersuppliesandservices($6.3million);and
higheremployeeexpenses($1.4million);
partiallyoffsetby:
higheruserchargesACTGovernment($2.2million);
higheruserchargesNon-ACTGovernment($3.2million);and
higherotherrevenue($1.1million).
AdetailedanalysisisprovidedunderTotalExpenditureandTotalOwnSourceRevenue
below.
Comparisonto2011-12ActualResult
Totalnetcostofservicesof$137.8millionwas$51.0millionor58.8percenthigher
thantheprioryearmainlydueto:
assettransfersinordinarycourseofbusiness($44.5million);
anincreaseingrantsandpurchasedservices($6.7million);and
anincreaseinsuppliesandservices($3.8million);
partiallyoffsetby:
anincreaseinuserchargesACTGovernment($0.6million);and
anincreaseinuserchargesNon-ACTGovernment($2.5million).
FurtheranalysisisprovidedbelowunderTotalExpenditureandTotalOwnSource
Revenue.
FutureTrends
Figure 1: Net Cost of Services
0
20
40
60
80
100
120
140
160
180
2011-12 2012 13 2013 14 2014 15 2015 16 2016-17
Total Expenses Total Own Source Revenue Net Cost of Services
$ million
35
ANNUAL REPORT 2012-13
Comparisonto2011-12ActualResult
Totalexpenditurefor2012-13was$53.9millionor52.9percenthigherthanthe
2011-12result.Theincreaseisprimarilyaresultof:
increasedassettransfersintheordinarycourseofbusiness($44.5million)as
outlinedabove;
increasedgrantsandpurchasedservices($6.7million),duemainlytobusinesssupport
initiativesfundedinthe2012-13Budget(mainlytoNICTA,aresearchbodyjointlyfunded
bytheCommonwealthandStateandTerritoryGovernments)andthepaymenttoPace
Farmtoconvertitsfacilitiesfromcageeggtobarneggproduction;and
increaseinsuppliesandservices($3.8million)duemainlytoincreaseincostof
goodssoldandutilitiespartiallyoffsetbydecreaseinprofessionalfeesandworkin
progressexpensed,asoutlinedabove.
FutureTrends
Totalexpenditureisexpectedtoreduceto$117.3millionin2013-14andagainin
2014-15to$100.9million,remainingatacrosstheoutyears.Thedecreasein2013-14
mainlyreectsadecreaseinthequantumofcompletedcapitalworksthatareexpected
tobetransferred,partiallyoffsetbyanincreaseinexpenditurerelatedtoGPOfunded
capitalworks.
TotalOwnSourceRevenue
ComponentsofOwnSourceRevenue
Figure3belowindicatesthatforthenancialyearended30June2013,theDirectorates
ownsourcerevenuewasmadeupmainlyofusercharges-ACTGovernment
($2.9million),userchargesNon-ACTGovernment($13.3million),interest
($0.1million),resourcesreceivedfreeofcharge($0.3million)andotherrevenueand
gains($1.3million).
Figure 3: Components of Own Source Revenue for 2012-13
User Charge - Non-ACT
Gov $13.3m (74%)
User Charge - ACT Gov
$2.9m (6%)
Interest $0.1m (1%)
Resources Received
Free of Charge $0.3m
(2%)
Other Revenue $1.3m
(7%)
37
ANNUAL REPORT 2012-13
TotalLiabilities
ComponentsofTotalLiabilities
Figure5belowindicatesthatthemajorityoftheDirectoratesliabilitiescomprisedof
payables(68percent)andemployeebenets(25percent).
Figure 5: Total Liabilities as at 30 June 2013
Payables $20.6m
(68%)
Finance Leases
$0.7m (2%)
Employee
Benefits $7.7m
(25%)
Other $1.5m
(5%)
ComparisontoOriginalBudget
TheDirectoratestotalliabilitiesfortheyearended30June2013of$30.6millionwere
$13.4millionhigherthanthe2012-13originalbudgetof$17.2million.Thisisduemainly
to:
higherpayables($12.0million)reectingaccrualsrecordedattheendofthenancial
yearinrelationtoworkcompleted,forwhichinvoicesareexpectedtobereceivedearly
inthenewnancialyear;
higheremployeebenets($0.8million)mainlyduetotheowonimpactofthe
2011-12auditedoutcome;and
higherotherliabilities($0.4million)duetoincreaseinrevenuereceivedinadvance
relatingtoFloriadeandCanberraStadium.
Comparisonto2011-12Actual
Totalliabilitieswere$5.5millionlowerthanthe2011-12resultof$36.1millionprimarily
duetoadecreaseinpayablesreectingthepaymentofinvoicesbeforetheyfalldue.
41
ECONOMIC DEVELOPMENT DIRECTORATE
TerritorialStatementofRevenuesandExpenses
TheTerritorialnancialstatementsusuallyincluderevenue,expenses,assetsand
liabilities,whichtheDirectorateadministersonbehalfoftheACTGovernment,but
doesnotcontrol.
TotalIncome
Totalincomefor2012-13was$7.8million,andwasmainlycomprisedoffunds
appropriatedundertheFinancialManagementAct1996forexpensesincurredonbehalf
oftheTerritory,themainonebeingGrantpaymentstoACTracingclubs.
TotalExpenditure
Totalexpenditurefor2012-13was$8.0millioncomprisingofGrants($7.7million)to
ACTracingclubs,suppliesandservices($0.1million)forrepairsandmaintenance,
andlossoninvestments($0.3million)reectingthereductioninvalueoftheCanberra
BusinessDevelopmentFund(CBDF).
TerritorialFinancialPosition
TerritorialassetscomprisesofInvestmentintheCBDF.
ComparisontoOriginalBudget
Thetotalassetpositionasat30June2013was$1.3million,$1.5millionlowerthanthe
original2012-13Budgetof$2.8millionreectingthediminutioninvalueofinvestmentin
theCBDF.
Comparisonto2011-12
Thetotalassetpositionwas$0.3millionhigherthanthe2011-12resultof$1.0million
mainlyduetothepurchaseofadditionalinvestmentsintheCBDF($0.5million),offsetby
adiminutioninvalueoftheinvestment($0.2million).
42
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
A.6FinancialReport
43
ECONOMIC DEVELOPMENT DIRECTORATE
Although the effectiveness of internal controls i s considered when determi ning t he
nature and of audit procedures, the audit was not designed t o provide
assurance on internal control s.
The audit i s not designed to provide assurance on the appropriateness of budget
informati on included i n the financi al statements or to evaluate the prudence of
decisions made by the Di rectorate.
Electronic presentation of the audited f inancial statements
Those viewing an electronic presentation of the financial statements should note that
the audit does not provi de assurance on t he integrity of information presented
el ectroni cally, and does not provi de an opini on on any other information wtlich may
have been to or from the financial st atements. If users of the financial
statements are concerned with the inherent ri sks arising from the electronic
presentation of information, t hey are advised to refer to the printed copy of the
audited statements to confirm the accuracy of t his electronically presented
information.
Independence
Applicable Independence requirements of Australian professi onal ethical
pronouncements were followed in conducting the audit.
Audit opinlon
In my opinion, the financial statements of the Directorate for the year ended
30 June 2013:
(i) are presented in accordance with the Finonciol Management Act 1996,
Accounting Standards and other mandatory financial reporting requirement s
i n Australia; and
(ii) present fairl y the financial position of the Directorat e as at 30 June 2013 and
the results of its operations and cash flows for the year then endd.
This audit opi nion should be read i n conjunction with the other information di sclosed
in this report.
...
Auditor-General
2013
44
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
These are hidden on purpose
ECONOMIC DEVELOPMENT DIRECTORATE
CONTROLLED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2013
45
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Financial Statements
For the Year Ended 30 June 2013
Statement of Responsibility
111 my opinion, lhc are in agreemenl with the and records and fairly
fimmtial operations of the DircCLor&1tc for the year ended 30 June 2013 a1\d lhe ri nofw:i.al po->it ion or
th Dir,,c1orte on !hat dal e.
D.ivid D;iwes
Ovelopment Oi rectorate
1'.l.. Seplembt;r 2013
46
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Financi<1I Statements
For the Year Ended 30 June 2013
Stateme nt by the Chi ef finance Officer
111 my opini-0<>. the financial staienients have been p<eparcd in accordanc" wilh gcnerall v ccepl ed a<countine
principlr.s, are in with the Di rectorate's accounts and records and reflect !he
operdtions ol the Dirt>ctoriJtc fot thn year ir.nd?.d 30 JunP. 2013 ;md rhP. financi .ll positin11 of thP. Oiractnr.1tP. oo
that dole.
De.rmotwalsh
Chief Fiflance Ollicer
Economic Ocvt)lopmont Dire" orate
'l- '- September ZOB
47
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Operating Statement
For the Year Ended 30 June 2013
Hidden word
Original
Actual Budget Actual
Note 2013 2013 2012
No. $000 $000 $000
Income
Revenue
Government Payment for Outputs 4 77,889 75,236 65,919
User Charges ACT Government 5 2,930 721 2,275
User Charges Non-ACT Government 5 13,307 10,080 10,839
Interest 6 84 50 115
Resources Received Free of Charge 7 331 - 810
Other Revenue 8 1,293 140 933
Total Revenue 95,834 86,227 80,891
Gains
Other Gains 9 50 - 151
Total Gains 50 - 151
Total Income 95,884 86,227 81,042
Expenses
Employee Expenses 10 20,745 19,358 21,496
Superannuation Expenses 11 3,179 2,787 2,819
Supplies and Services 12 46,940 40,684 43,112
Depreciation and Amortisation 13 13,375 14,109 14,298
Grants and Purchased Services 14 25,528 22,991 18,815
Borrowing Costs 15 39 48 48
Other Expenses 16 1,488 510 1,310
Asset Transfers 17 44,508 - -
Total Expenses 155,802 100,487 101,898
Operating (Deficit) (59,918) (14,260) (20,856)
Other Comprehensive Income
Items that will not be reclassified subsequently to profit or
loss
Increase in the Asset Revaluation Surplus 32 266,830 - -
Total Other Comprehensive Income 266,830 - -
Total Comprehensive Income/(Deficit) 206,912 (14,260) (20,856)
The above Operating Statement should be read in conjunction with the accompanying notes.
The Directorate has one output class only and as such the above operating statement is also the Directorate's
Operating Statement for the Economic Development output class.
48
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Balance Sheet
As at 30 June 2013
Hidden words
Current Assets
Note
No.
Actual
2013
$000
Original
Budget
2013
$000
Actual
2012
$000
Cash and Cash Equivalents
Receivables
Inventories
Other Assets
21
22
23
27
2,938
5,118
64
690
3,120
5,411
53
100
4,342
6,586
54
495
Total Current Assets 8,810 8,684 11,477
Non-Current Assets
Property, Plant and Equipment
Investments
Intangible Assets
Capital Works in Progress
Total Non-Current Assets
24
25
26
454,653
-
262
162,536
617,451
400,097
1,731
269
65,643
467,740
197,295
-
418
103,953
301,666
Total Assets 626,261 476,424 313,143
Current Liabilities
Payables
Finance Leases
Employee Benefits
Other Provisions
Other Liabilities
Total Current Liabilities
28
29
30
31
20,662
456
7,203
-
1,311
29,632
8,651
228
6,410
35
1,117
16,441
26,277
395
7,123
-
1,352
35,147
Non-Current Liabilities
Finance Leases
Employee Benefits
Other Liabilities
29
30
31
212
484
240
225
497
-
228
692
-
Total Non-Current Liabilities 936 722
`
920
Total Liabilities 30,568 17,163 36,067
Net Assets 595,693 459,261 277,076
Equity
Accumulated Funds
Asset Revaluation Surplus
Total Equity
32
328,414
267,279
595,693
458,812
449
459,261
276,626
449
277,076
The above Balance Sheet should be read in conjunction with the accompanying notes.
49
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Statement of Changes in Equity
For the Year Ended 30 June 2013
Hidden words
Asset
Accumulated Revaluation Total
Funds Surplus Equity Original
Actual Actual Actual Budget
Note 2013 2013 2013 2013
No. $000 $000 $000 $000
Balance at the Beginning of the
Reporting Period 276,626 449 277,076 291,876
Comprehensive Income
Operating (Deficit) (59,918) - (59,918) (14,260)
Increase in the Asset Revaluation
Surplus
32 - 266,830 266,830 -
Total Comprehensive (Deficit)/Income (59,918) 266,830 206,912 (14,260)
Transactions Involving Owners
Affecting Accumulated Funds
Capital Injections 111,440 - 111,440 181,645
Net Assets transferred in as part of an
Administrative Restructure
33 266 - 266 -
Total Transactions Involving Owners
Affecting Accumulated Funds 111,706 - 111,706 181,645
Balance at the End of the Reporting
Period 328,414 267,279 595,693 459,261
The above Statement of Changes in Equity should be read in conjunction with the accompanying notes.
50
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Statement of Changes in Equity
For the Year Ended 30 June 2013
Hidden words
Accumulated
Note
No.
Funds
Actual
2012
$000
Balance at the Beginning of the
Reporting Period 259,777
Comprehensive Income
Operating (Deficit) (20,856)
Total Comprehensive (Deficit) (20,856)
Transactions Involving Owners Affecting
Accumulated Funds
Capital Injections 75,473
Net Assets transferred in as part of an
33 (37,000)
Administrative Restructure
Other Net Asset Transfers (767)
Total Transactions Involving Owners Affecting
Accumulated Funds 37,706
Balance at the End of the Reporting
Period 276,626
Asset
Revaluation Total
Surplus Equity
Actual Actual
2012 2012
$000 $000
449 260,226
- (20,856)
- (20,856)
- 75,473
- (37,000)
(767)
- 37,706
449 277,076
The above Statement of Changes in Equity should be read in conjunction with the accompanying notes.
51
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Cash Flow Statement
For the Year Ended 30 June 2013
Hidden words
Original
Actual Budget Actual
Note 2013 2013 2012
No. $000 $000 $000
Cash Flows from Operating Activities
Receipts
Government Payment for Outputs 77,889 75,236 65,919
User Charges ACT Government 2,164 11,008 3,678
User Charges Non-ACT Government 13,826 - 7,859
Interest Received 84 50 115
Goods and Services Tax Input Tax Credits from the
Australian Taxation Office
15,444
-
10,836
Other 1,670 250 1,726
Total Receipts from Operating Activities 111,077 86,544 90,133
Payments
Employee 20,866 19,343 19,860
Superannuation 3,179 2,615 2,907
Supplies and Services 63,892 41,379 34,020
Borrowing Costs 39 42 48
Goods and Services Tax Paid to Suppliers 14,899 - 11,983
Grants and Purchased Services 23,569 22,992 18,818
Other 805 394 704
Total Payments from Operating Activities 127,249 86,765 88,340
Net Cash (Outflows)/Inflows from Operating Activities 37 (16,172) (221) 1,793
Cash Flows from Investing Activities
Receipts
Proceeds from Sale of Property, Plant and Equipment 50 - 109
Total Receipts from Investing Activities 50 - 109
Payments
Purchase of Investments - 800 -
Purchase of Property, Plant and Equipment 96,683 180,971 74,095
Total Payments from Investing Activities 96,683 181,771 74,095
Net Cash (Outflows) from Investing Activities (96,633) (181,771) (73,986)
52
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Cash Flow Statement - Continued
For the Year Ended 30 June 2013
Hidden words
Original
Actual Budget Actual
Note 2013 2013 2012
No. $000 $000 $000
Cash Flows from Financing Activities
Receipts
Capital Injections 111,440 181,645 75,473
Total Receipts from Financing Activities 111,440 181,645 75,473
Payments
39 Repayment of Finance Lease Liabilities 109 46
Payment of Transferred Cash Balances - - 1,050
Total Payments from Financing Activities 39 109 1,096
Net Cash Inflows from Financing Activities 111,401 181,536 74,377
Net (Decrease)/Increase in Cash and Cash Equivalents (1,404) (456) 2,184
Cash and Cash Equivalents at the Beginning of the
Reporting Period 4,342 3,576 2,158
Cash and Cash Equivalents at the End of the Reporting
37 2,938 3,120 4,342
Period
The above Cash Flow Statement should be read in conjunction with the accompanying notes.
53
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Controlled Statement of Appropriation
For the Year Ended 30 June 2013
Hidden words
Original Total Appropriation Appropriation
Budget Appropriated Drawn Drawn
2013 2013 2013 2012
$000 $000 $000 $000
Controlled
Government Payment for Outputs 75,236 83,264 77,889 65,919
Capital Injections 181,645 188,518 111,440 75,473
Total Controlled Appropriation 256,881 271,782 189,329 141,392
The above Controlled Statement of Appropriation should be read in conjunction with the accompanying notes.
Column Heading Explanations
The Original Budget column shows the amounts that appear in the Cash Flow Statement in the Budget Papers.
This amount also appears in the Cash Flow Statement.
The Total Appropriated column is inclusive of all appropriation variations occurring after the Original Budget.
The Appropriation Drawn is the total amount of appropriation received by the Directorate during the year.
This amount appears in the Cash Flow Statement.
Reconciliation of Appropriation for 2012-13
Government
Payment for
Outputs
Capital Injections
$'000
$'000
Original Budget
75,236
181,645
Section 14 Transfer
(a)
2,158
(2,158)
Section 16 Transfers
(b)
(20)
573
Treasurer's Advance
(c)
5,890
-
Section 16B Rollovers
(d)
-
8,458
Total Appropriated
83,264
188,518
Undrawn Funds
(e)
5,375
(f)
77,078
Appropriation Drawn
77,889
111,440
(a) Variation of capital injection to Government Payment for Outputs for three separate capital works projects
to more appropriately reflect the nature of expenditure and the variation of capital injection funding
transferred from the Environment and Sustainable Development Directorate (ESDD) to Government Payment
for Outputs for the recurrent expenses of the Capital Metro project.
(b) Transfer of Infrastructure Planning function and capital works from ESDD, the Plan for the Protection of
Matters of National Environmental Significance to the Territory and Municipal Services Directorate and the
Government Accommodation Strategy function to the Commerce and Works Directorate.
(c) Additional funding was received for the grant of assistance to Pace Farm to convert its operations from
cage to barn egg production, the Young Pioneers Program to support two ACT entrants into a leadership
program for young Australians, and unbudgeted sportsground irrigation charges as a consequence of the warm
and dry summer and autumn seasons.
54
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Controlled Statement of Appropriation
For the Year Ended 30 June 2013
Hidden words
(d) Rollover of undisbursed 2011-12 appropriation, mainly related to undrawn capital works funding for
projects supporting land release and for sporting infrastructure projects, where the works had largely been
progressed in 2011-12 but where the timing of invoicing required access to appropriation in 2012-13.
(e) Largely relates to business and events initiative and capital works funding which was not drawn, mainly due
to revisions in the timing of payments, where the works and programs had largely been progressed but where
the timing of invoicing required access to appropriation in the following year. The funds were rolled over to
2013-14 through the 2013-14 Budget.
(f) Mostly due to capital works funding that was not drawn (in the areas of land release and community and
sporting infrastructure) in 2012-13. This was largely due to the timing of payments, which reflect an
expectation that these will be made in 2013-14 and the forward years, and in the main part, do not reflect a
delay in project delivery. The funding was rolled over to 2013-14 through the 2013-14 Budget. In addition, the
undrawn amount includes savings related to the cancellation of the Mitchell - Sandford Street Extension to the
Federal Highway capital works project which was no longer required to support the land release program,
following variations in the scheduled release of Kenny ($12.6m) and the savings achieved in delivery of the
John Gorton Drive Extension project ($2m).
55
ECONOMIC DEVELOPMENT DIRECTORATE
Note 1.
Note 2.
Note 3.
Income Notes
Note 4.
Note 5.
Note 6.
Note 7.
Note 8.
Note 9.
Expense Notes
Note 10.
Note 11.
Note 12.
Note 13.
Note 14.
Note 15.
Note 16.
Note 17.
Note 18.
Note 19.
Note 20.
Asset Notes
Note 21.
Note 22.
Note 23.
Note 24.
Note 25.
Note 26.
Note 27.
Liability Notes
Note 28.
Note 29.
Note 30.
Note 31.
Equity Notes
Note 32.
Note 33.
Note 34.
Note 35.
Note 36.
Note 37.
Note 38.
Note 39.
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
CONTROLLED NOTE INDEX
Objectives of Economic Development Directorate
Summary of Significant Accounting Policies
Change in Accounting Policy and Accounting Estimates,
Government Payment for Outputs
User Charges for Goods and Services
Interest
Resources Received Free of Charge
Other Revenue
Other Gains
Employee Expenses
Superannuation Expenses
Supplies and Services
Depreciation and Amortisation
Grants and Purchased Services
Borrowing Costs
Other Expenses
Asset Transfers
Waivers, Impairment Losses and Write-Offs
Act of Grace Payments
Auditor's Remuneration
Cash and Cash Equivalents
Receivables
Inventories
Property, Plant and Equipment
Intangible Assets
Capital Works in Progress
Other Assets
Payables
Finance Leases
Employee Benefits
Other Liabilities
Asset Revaluation Surplus
Restructure of Administrative Arrangements
Financial Instruments
Commitments
Contingent Liabilities and Contingent Assets
Cash Flow Reconciliation
Events Occurring after Balance Date
Third Party Monies
56
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 1. OBJECTIVES OF ECONOMIC DEVELOPMENT DIRECTORATE
The primary purpose of the Economic Development Directorate (the Directorate) is to work with the business
community in relation to economic development and business support programs and to design and deliver the
Government's land release program. The Directorate will lead the ACT and Capital Region tourism industry to
create and implement a variety of marketing and development programs. The Directorate also provides
gambling and racing policy advice and legislative support.
The Directorate will facilitate access to a range of sporting and recreation activities by managing sporting
programs, venues, sportsgrounds and community events.
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(a) Basis of Accounting
The Financial Management Act 1996 (FMA) requires the preparation of annual financial statements for
ACT Government agencies.
The FMA and the Financial Management Guidelines issued under the Act requires the Directorates financial
statements to include:
i. an Operating Statement for the year;
ii. a Balance Sheet at the end of the year;
iii. a Statement of Changes in Equity for the year;
iv. a Cash Flow Statement for the year;
v. a Statement of Appropriation for the year;
vi. an Operating Statement for each class of output for the year;
vii. a summary of the significant accounting policies adopted for the year; and
viii. such other statements as are necessary to fairly reflect the financial operations of the Directorate
during the year and its financial position at the end of the year.
These general-purpose financial statements have been prepared to comply with Generally Accepted
Accounting Principles (GAAP) as required by the FMA. The financial statements have been prepared in
accordance with:
i. Australian Accounting Standards; and
ii. ACT Accounting and Disclosure Policies.
The financial statements have been prepared using the accrual basis of accounting, which recognises the
effects of transactions and events when they occur. The financial statements have also been prepared
according to the historical cost convention, except for assets which were valued in accordance with the
revaluation policies applicable to the Directorate during the reporting period.
These financial statements are presented in Australian dollars, which is the Directorates functional currency.
The Directorate is an individual reporting entity.
57
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
(b) Controlled and Territorial Items
The Directorate produces Controlled and Territorial financial statements. The Controlled financial statements
include income, expenses, assets and liabilities over which the Directorate has control. The Territorial financial
statements include income, expenses, assets and liabilities that the Directorate administers on behalf of the
ACT Government, but does not control.
The purpose of the distinction between Controlled and Territorial is to enable an assessment of the
Directorates performance against the decisions it has made in relation to the resources it controls, while
maintaining accountability for all resources under its responsibility.
The basis of accounting described in Note 2(a) above applies to both Controlled and Territorial financial
statements except where specified otherwise.
(c) The Reporting Period
These financial statements state the financial performance, changes in equity and cash flows of the Directorate
for the year ending 30 June 2013 together with the financial position of the Directorate as at 30 June 2013.
(d) Comparative Figures
Budget Figures
To facilitate a comparison with Budget Papers, as required by the Financial Management Act 1996, budget
information for 2012-13 has been presented in the financial statements. Budget numbers in the financial
statements are the original budget numbers that appear in the Budget Papers.
Prior Year Comparatives
Comparative information has been disclosed except where an Australian Accounting Standard does not require
comparative information to be disclosed.
Where the presentation or classification of items in the financial statements is amended, the comparative
amounts have been reclassified where practical. Where a reclassification has occurred, the nature, amount
and reason for the reclassification is provided.
(e) Rounding
All amounts in the financial statements have been rounded to the nearest thousand dollars ($000). Tables
and notes may not add due to rounding. Use of the - symbol represents zero amounts or amounts rounded
up or down to zero.
(f) Revenue Recognition
Revenue is recognised at the fair value of the consideration received or receivable in the Operating Statement.
All revenue is recognised to the extent that it is probable that the economic benefits will flow to the
Directorate and the revenue can be reliably measured. The Directorates main sources of revenue are
Government Payments for Output (see Note 4) and User Charges (see Note 5). In addition, the following
specific recognition criteria must be met before revenue is recognised:
58
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
(f) Revenue Recognition - Continued
Government Payment for Outputs
Government Payment for Outputs is recognised as revenue at the time the payment is received by the
Directorate.
Sale of Goods
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods
have transferred to the buyer, the Directorate retains neither continuing managerial involvement nor effective
control over the goods sold and the costs incurred in respect of the transaction can be measured reliably.
Rendering of Services
Revenue from the rendering of services is recognised when the stage of completion of the transaction at the
reporting date can be measured reliably and the costs of rendering those services can be measured reliably.
Interest
Interest revenue is recognised using the effective interest method.
Fees
Fees are recognised as revenue at the time of payment or when a legal entitlement to the revenue exists.
(g) Resources Received and Provided Free of Charge
Resources received free of charge are recorded as a revenue and expense in the Operating Statement at fair
value. The revenue is separately disclosed under resources received free of charge, with the expense being
recorded in the line item to which it relates.
Goods and services received free of charge from ACT Government agencies are recorded as resources received
free of charge, whereas goods and services received free of charge from entities external to the
ACT Government are recorded as donations. Services that are received free of charge are only recorded in the
Operating Statement if they can be reliably measured and would have been purchased if not provided to the
Directorate free of charge.
Resources provided free of charge are recorded at their fair value in the expense line items to which they
relate.
(h) Repairs and Maintenance
The Directorate undertakes major cyclical maintenance on its assets. Where the maintenance leads to an
upgrade of the asset, and increases the service potential of the existing asset, the cost is capitalised.
Maintenance expenses which do not increase the service potential of the asset are expensed.
(i) Borrowing Costs
Borrowing costs are expensed in the period in which they are incurred.
59
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
(j) Waivers of Debt
Debts that are waived during the year under Section 131 of the FMA are expensed during the year in which the
right to payment was waived. Further details of waivers are disclosed at Note 18: Waivers, Impairment Losses
and Write-offs.
(k) Current and Non-Current Items
Assets and liabilities are classified as current or non-current in the Balance Sheet and in the relevant notes.
Assets are classified as current where they are expected to be realised within 12 months after the reporting
date. Liabilities are classified as current when they are due to be settled within 12 months after the reporting
date or the Directorate does not have an unconditional right to defer the settlement of the liability for at least
12 months after the reporting date.
Assets or liabilities which do not fall within the current classification are classified as non-current.
(l) Impairment of Assets
The Directorate assesses, at each reporting date, whether there is any indication that an asset may be
impaired. Assets are also reviewed for impairment whenever events or changes in circumstances indicate that
the carrying amount may not be recoverable. However, intangible assets that are not yet available for use are
tested annually for impairment regardless of whether there is an indication of impairment, or more frequently
if events or circumstances indicate they might be impaired.
Any resulting impairment losses, for infrastructure assets, buildings, leasehold improvements, intangible and
community and heritage assets, are recognised as a decrease in the Asset Revaluation Surplus relating to these
classes of assets. Where the impairment loss is greater than the balance in the Asset Revaluation Surplus for
the relevant class of asset, the difference is expensed in the Operating Statement. Impairment losses for plant
and equipment are recognised in the Operating Statement. Also, the carrying amount of the asset is reduced
to its recoverable amount.
An impairment loss is the amount by which the carrying amount of an asset exceeds its recoverable amount.
The recoverable amount is the higher of the assets fair value less cost to sell and its value in use. An assets
value in use is its depreciated replacement cost, where the asset would be replaced if the Directorate were
deprived of it. Non-financial assets that have previously been impaired are reviewed for possible reversal of
impairment at each reporting date.
(m) Cash and Cash Equivalents
For the purposes of the Cash Flow Statement and the Balance Sheet, cash includes cash at bank and cash on
hand. Cash equivalents are short-term, highly liquid investments that are readily convertible to known
amounts of cash and which are subject to an insignificant risk of changes in value. Bank overdrafts are
included in cash and cash equivalents in the cash flow statement but not in the cash and cash equivalents line
on the Balance Sheet.
60
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
(n) Investment
The Territory holds an equal investment with Australian Capital Ventures Limited (ACVL) in the Canberra
Business Development Fund (CBDF). The CBDF is a unit trust whose principal activity is to invest in the equity
of early stage businesses carrying out activities providing potential benefits to the Canberra Region. This
investment is accounted for as a Territorial investment (see Note 46).
The investment has been designated as a Financial Asset at Fair Value through Profit and Loss. This asset is
measured at fair value with any adjustments to the carrying amount going to the Statement of Income and
Expenses on Behalf of the Territory. Fair value is based on net assets attributable to the Directorate as a unit
holder of the trust. The net assets are based on the current share market price for investments in publicly
listed entities. Fair value of investments in unlisted entities is determined by recent arms length transactions
for a reasonable quantity of securities (e.g. security issue or transfer) or by valuation provided by the directors
of the CBDF if the book value of the entity is deemed inappropriate.
(o) Receivables
Accounts receivable (including trade receivables) are initially recognised at fair value and are subsequently
measured at amortised cost, with any adjustments to the carrying amount being recorded in the Operating
Statement.
Trade receivables arise in the normal course of selling goods and services to other agencies and to the public.
Trade receivables are payable within 30 days after the issue of an invoice or the goods/services have been
provided under a contractual arrangement.
The allowance for impairment losses represents the amount of trade receivables and other trade receivables
that the Directorate estimates will not be paid. The Directorate determines the allowance for impairment
losses based on objective evidence and a review of balances within receivables that are unlikely to be
collected. The Directorate considers the following is objective evidence of impairment:
. debts more than 60 days overdue; or
. identified disputed invoices.
The allowance for impairment losses is written-off against the receivables account when the Directorate
ceases action to collect the debt, as it considers that it will cost more to recover the debt than the debt is
worth.
(p) Inventories
Inventories held for sale are valued at the lower of cost and net realisable value. Cost comprises the purchase
price of inventories as well as transport, handling and other costs directly attributable to the acquisition of
inventories. Trade discounts, rebates and other similar items are deducted in determining the costs of
purchase. The cost of inventories is assigned using the first-in, first-out method.
Net realisable value is determined using the estimated sales proceeds less costs incurred in marketing, selling
and distribution to customers.
Inventories held for distribution are measured at cost, adjusted when applicable, for any loss of service
potential.
61
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
(q) Acquisition and Recognition of Property, Plant and Equipment
Property, plant and equipment is initially recorded at cost. Cost includes the purchase price, directly
attributable costs and the estimated cost of dismantling and removing the item (where, upon acquisition,
there is a present obligation to remove the item).
Where property, plant and equipment is acquired at no cost, or minimal cost, cost is its fair value as at the
date of acquisition. However property, plant and equipment acquired at no cost or minimal cost as part of a
restructuring of administrative arrangements is measured at the transferors book value.
Where payment of property, plant and equipment is deferred beyond normal credit terms, the difference
between its cash price equivalent and the total payment is measured as interest over the period of credit. The
discount rate used to calculate the cash price equivalent is an asset specific rate.
The Directorate capitalises all non-current physical assets with a value of $5,000 or more. If a certain category
of physical asset (i.e. desktops, printers, faxes, etc) is considered material because of the volume and nature of
the assets purchased, then even though the individual cost of these assets may be less than $5,000 they are
still capitalised and recorded as an asset in the Balance Sheet.
(r) Measurement of Property, Plant and Equipment after Initial Recognition
Property, plant and equipment is valued using the cost or revaluation model of valuation. Land, buildings,
infrastructure assets, plant and equipment and community and heritage assets are measured at fair value.
Leasehold improvements are measured at cost.
Fair value is the amount for which an asset could be exchanged between knowledgeable willing parties in an
arms length transaction. Fair value is measured using market based evidence available for that asset (or a
similar asset), as this is the best evidence of an assets fair value. Where the market price for an asset cannot
be obtained because the asset is specialised and is rarely sold, depreciated replacement cost is used to
estimate fair value.
Fair value for land and buildings is measured using current prices in a market for similar properties in a similar
location and condition.
Fair value for infrastructure assets and some community and heritage assets is measured using depreciated
replacement cost. For other community and heritage assets, fair value is determined using a market price
where there is a market for the same or similar item. Land, buildings, infrastructure assets, plant and
equipment and community and heritage assets are revalued every 3 years. However, if at any time
management considers that the carrying amount of an asset materially differs from its fair value, then the
asset will be revalued regardless of when the last valuation took place. Any accumulated depreciation relating
to buildings, plant and equipment and community and heritage assets at the date of revaluation is written-
back against the gross carrying amount of the asset and the net amount is restated to the revalued amount of
the asset.
Any accumulated depreciation relating to infrastructure assets is restated proportionally with the change in
the gross carrying amount so that the net carrying amount of those assets after revaluation equals its revalued
amount.
62
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
(r) Measurement of Property, Plant and Equipment after Initial Recognition Continued
The Directorates property, plant and equipment assets (excluding leasehold improvements which are carried
at cost) were re-valued by independent valuers, the Australian Valuation Office and Allbids Liquidity Partners
(Certified Practicing Valuers), as at 30 June 2013.
The cost of leasehold improvements comprises the purchase price and any directly attributable construction
costs.
(s) Intangible Assets
The Directorate's intangible assets comprise externally acquired software for internal use and externally
purchased other intangible assets. Externally acquired software is recognised and capitalised when:
(a) it is probable that the expected future economic benefits that are attributable to the software will flow
to the Directorate;
(b) the cost of the software can be measured reliably; and
(c) the acquisition cost is equal to or exceeds $50,000.
Capitalised software has a finite useful life. Software is amortised on a straight-line basis over its useful life,
over a period not exceeding 5 years.
Externally purchased other intangible assets comprise a licence agreement to occupy the Canberra Business
and Events Centre (CBEC) which is amortised on a straight line basis over a period of 20 years.
Intangible Assets are measured at cost.
(t) Depreciation and Amortisation of Non-Current Assets
Non-current assets with a limited useful life are systematically depreciated/amortised over their useful lives in
a manner that reflects the consumption of their service potential. The useful life commences when an asset is
ready for use. When an asset is revalued, it is depreciated/amortised over its newly assessed remaining useful
life. Amortisation is used in relation to intangible assets while depreciation is applied to physical assets such as
buildings and plant and equipment.
Land, heritage and community assets and some infrastructure assets have an unlimited useful life and are
therefore not depreciated.
Leasehold improvements and motor vehicles under a finance lease are depreciated over the estimated useful
life of each asset improvement, or the unexpired period of the relevant lease, whichever is shorter.
All depreciation is calculated after first deducting any residual values which remain for each asset.
63
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
(t) Depreciation and Amortisation of Non-Current Assets Continued
Depreciation/amortisation for non-current assets is determined as follows:
Class of Asset Depreciation / Amortisation Useful Life (Years)
Method
Buildings Straight Line 10 99
Leasehold Improvements Straight Line 3 10
Plant and Equipment Straight Line 2 7
Infrastructure Straight Line 20 100
Intangible Assets Straight Line 5 20
Community and Heritage Straight Line 5 100
Land improvements are included with buildings.
The useful lives of all major assets held are reassessed on an annual basis.
(u) Payables
Payables are a financial liability and are measured at the fair value of the consideration received when initially
recognised and at amortised cost subsequent to initial recognition, with any adjustments to the carrying
amount being recorded in the Operating Statement. All amounts are normally settled within 30 days after the
invoice date.
Payables include Trade Payables, Accrued Expenses and Other Payables.
Trade Payables represent the amounts owing for goods and services received prior to the end of the reporting
period and unpaid at the end of the reporting period and relating to the normal operations of the Directorate.
Accrued Expenses represent goods and services provided by other parties during the period that are unpaid at
the end of the reporting period and where an invoice has not been received by period end.
Other Payables are those unpaid invoices that do not directly relate to the normal operations of the
Directorate.
(v) Leases
The Directorate has entered into finance leases and operating leases.
Finance Leases
Finance leases effectively transfer to the Directorate substantially all the risks and rewards incidental to
ownership of the assets under a finance lease. The title may or may not eventually be transferred. Finance
leases are initially recognised as an asset and a liability at the lower of the fair value of the asset and the
present value of the minimum lease payments each being determined at the inception of the lease. The
discount rate used to calculate the present value of the minimum lease payments is the interest rate implicit in
the lease. Assets under a finance lease are depreciated over the shorter of the assets useful life or lease term.
64
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
Finance Leases - Continued
Assets under a finance lease are depreciated on a straight-line basis. Each lease payment is allocated between
interest expense and reduction of the lease liability. Lease liabilities are classified as current and non-current.
Operating Leases
Operating leases do not effectively transfer to the Directorate substantially all the risks and rewards incidental
to ownership of the asset under an operating lease. Operating lease payments are recorded as an expense in
the Operating Statement on a straight-line basis over the term of the lease.
(w) Employee Benefits
Employee benefits include salaries and wages, annual leave, annual leave loading, long service leave and
applicable on-costs. On-costs include annual leave, long service leave, superannuation and other costs that are
incurred when employees take annual and long service leave. These benefits accrue as a result of services
provided by employees up to the reporting date that remain unpaid. They are recorded as a liability and as an
expense.
Salaries and Wages
Accrued salaries and wages are measured at the amount that remains unpaid to employees at the end of the
reporting period.
Annual and Long Service Leave
Annual leave and long service leave that fall due wholly within the next 12 months is measured based on the
estimated amount of remuneration payable when the leave is taken.
Annual and long service leave including applicable on-costs that do not fall due within the next 12 months are
measured at the present value of estimated future payments to be made in respect of services provided by
employees up to the reporting date. Consideration is given to the future wage and salary levels, experience of
employee departures and periods of service. At each reporting period, the present value of future payments is
calculated using market yields on Commonwealth Government bonds with terms to maturity that match, as
closely as possible, the estimated future cash flows. In 2012-13, the rate used to estimate the present value of
these future payments is 101.3% (106.6% in 2011-12).
The long service leave liability is estimated with reference to the minimum period of qualifying service. For
employees with less than the required minimum period of 7 years qualifying service, the probability that
employees will reach the required minimum period has been taken into account in estimating the provision for
long service leave and the applicable on-costs.
The provision for annual leave and long service leave includes estimated on-costs. As these on-costs only
become payable if the employee takes annual and long service leave while in-service, the probability that
employees will take annual and long service leave while in service has been taken into account in estimating
the liability for on-costs.
65
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
(w) Employee Benefits - Continued
Annual and Long Service Leave - Continued
Annual leave and long service leave liabilities are classified as current liabilities in the Balance Sheet where
there are no unconditional rights to defer the settlement of the liability for at least 12 months. However,
where there is an unconditional right to defer settlement of the liability for at least 12 months, annual leave
and long service leave have been classified as a non-current liability in the Balance Sheet.
(x) Superannuation
The Directorate receives funding for superannuation payments as part of the Government Payment for
Outputs. The Directorate then makes payments on a fortnightly basis to the Territory Banking Account, to
cover the Directorates superannuation liability for the Commonwealth Superannuation Scheme (CSS) and the
Public Sector Superannuation Scheme (PSS). This payment covers the CSS/PSS employer contribution, but
does not include the productivity component. The productivity component is paid directly to Comsuper by the
Directorate. The CSS and PSS are defined benefit superannuation plans meaning that the defined benefits
received by employees are based on the employees years of service and average final salary.
Superannuation payments have also been made directly to superannuation funds for those members of the
Public Sector who are part of superannuation accumulation schemes. This includes the Public Sector
Superannuation Scheme Accumulation Plan (PSSAP) and schemes of employee choice.
Superannuation employer contribution payments, for the CSS and PSS, are calculated, by taking the salary level
at an employees anniversary date and multiplying it by the actuarially assessed nominal CSS or PSS employer
contribution rate for each employee. The productivity component payments are calculated by taking the salary
level, at an employees anniversary date, and multiplying it by the employer contribution rate
(approximately 3%) for each employee. Superannuation payments for the PSSAP are calculated by taking the
salary level, at an employees anniversary date, and multiplying it by the appropriate employer contribution
rate. Superannuation payments for fund of choice arrangements are calculated by taking an employees salary
each pay and multiplying it by the appropriate employer contribution rate.
A superannuation liability is not recognised in the Balance Sheet as the Superannuation Provision Account
recognises the total Territory superannuation liability for the CSS and PSS, and Comsuper and the external
schemes recognise the superannuation liability for the PSSAP and other schemes respectively.
The ACT Government is liable for the reimbursement of the emerging costs of benefits paid each year to
members of the CSS and PSS in respect of the ACT Government service provided after 1 July 1989. These
reimbursement payments are made from the Superannuation Provision Account.
(y) Equity Contributed by the ACT Government
Contributions made by the ACT Government, through its role as owner of the Directorate, are treated as
contributions of equity.
Increases or decreases in net assets as a result of Administrative Restructures are also recognised in equity.
66
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
(z) Insurance
Major risks are insured through the ACT Insurance Authority. The excess payable, under this arrangement,
varies depending on each class of insurance held.
(aa) Significant Accounting Judgements and Estimates
In the process of applying the accounting policies listed in this note, the Directorate has made the following
judgements and estimates that have the most significant impact on the amounts recorded in the financial
statements:
Impairment of Receivables
Note 2 (o): Receivables discloses that where there is objective evidence that a receivable may not be
collected, an assessment of the likelihood of the recovery of a receivable is required to determine whether an
impairment loss must be recognised.
Measurement of Territorial Investments at Fair Value
Note 2 (n): Investment: The Directorate has invested in shares in the Canberra Business Development Fund
(CBDF), a unit trust jointly-owned by the ACT Government and the private sector with the stated aim of
facilitating business growth through investing in business ventures. The valuation of shares held by the Unit
Trust was made on 30 June 2013.
A financial asset is classified as an investment if acquired principally for the purpose of selling in the short term
or if so designated by management and within the requirements of AASB 139: Financial Instruments:
Recognition and Measurement. Realised and unrealised gains and losses arising from changes in the fair value
of these assets are included in the Statement of Income and Expenses on Behalf of the Territory in the period
in which they arise. The Directors of the trustee company assess the fair value of the investments at each
reporting date by evaluating the conditions specific to the investments of the CBDF. Fair value calculations
performed for unlisted investments incorporate a number of key estimates including revenue forecasts and
industry multipliers.
Measurement of Property, Plant and Equipment at Fair Value
Note 2 (r): Measurement of Property, Plant and Equipment after Initial Recognition. The Directorate has
made significant judgements regarding the fair value of its assets. Land and Buildings have been recorded at
the market value of similar properties as determined by an independent valuer. In some circumstances,
buildings that are purpose built may in fact realise more or less in the market. Infrastructure assets and some
community and heritage assets have been recorded at fair value based on depreciated replacement cost as
determined by an independent valuer. The Directorates property, plant and equipment assets (excluding
leasehold improvements which are carried at cost) were re-valued by independent valuers, the Australian
Valuation Office and Allbids Liquidity Partners, as at 30 June 2013.
67
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
(aa) Significant Accounting Judgements and Estimates - Continued
Estimate of Useful Lives
The Directorate has made a significant estimate in determining the useful lives of its Property, Plant and
Equipment. The estimation of useful lives of Property, Plant and Equipment has been based on the historical
experience of similar assets. In the revaluation as at 30 June 2013, the valuers also reviewed the estimated
useful lives of all assets being revalued.
The useful lives are assessed on an annual basis and any adjustments are made when considered necessary.
Further disclosure concerning an assets useful life can be found at Note 2 (t): Depreciation and Amortisation
of Non-Current Assets.
Employee Benefits
Note 2 (w): Employee Benefits: Significant judgements have been applied in estimating the liability for
employee benefits. The estimated liability for employee benefits requires a consideration of the future wage
and salary levels, experience of employee departures and periods of service. The estimate also includes an
assessment of the probability that employees will meet the minimum service period required to qualify for
long service leave and that on-costs will become payable. Further information on this estimate is provided in
Note 2 (w): Employee Benefits.
(ab) Impact of Accounting Standards Issued but yet to be Applied
The following new and revised accounting standards and interpretations have been issued by the Australian
Accounting Standards Board but do not apply to the current reporting period. These standards and
interpretations are applicable to future reporting periods. The Directorate does not intend to adopt these
standards and interpretations early. Where applicable, these Australian Accounting Standards will be adopted
from their application date. The application date applies to the first reporting period beginning on or after this
date. It is estimated that the effect of adopting the below financial statement pronouncements, when
applicable, will have no material financial impact on the Directorates financial statements in future reporting
periods:
AASB 9 Financial Instruments (application date 1 January 2015);
AASB 12 Disclosure of Interests in Other Entities (application date 1 January 2013 for for-profit
entities and 1 Jan 2014 for not-for-profit entities);
AASB 13 Fair Value Measurement (application date 1 January 2013);
AASB 119 Employee Benefits (application date 1 January 2013);
AASB 2010-7 Amendments to Australian Accounting Standards arising from AASB 9 (December 2010)
[AASB 1, 3, 4, 5, 7, 101, 102, 108, 112, 118, 120, 121, 127, 128, 131, 132, 136, 137, 139, 1023 and
1038 and Interpretations 2, 5, 10, 12, 19 and 127] (application date 1 January 2015);
AASB 2011-4 Amendments to Australian Accounting Standards to remove Individual Key Management
Personnel Disclosure Requirements [AASB 124] (application date 1 July 2013);
68
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
(ab) Impact of Accounting Standards Issued but yet to be Applied - Continued
AASB 2011-7 Amendments to Australian Accounting Standards arising from the Consolidation and
Joint Arrangements Standards [AASB 1, 2, 3, 5, 7, 9, 2009-11, 101, 107, 112, 118, 121, 124, 132, 133,
136, 138, 139, 1023 and 1038 and Interpretations 5, 9, 16 and 17] (application date 1 January 2013 for
for-profit entities and 1 January 2014 for not-for-profit entities);
AASB 2011-8 Amendments to Australian Accounting Standards arising from AASB 13 AASB 1, 2, 3, 4, 5,
7, 9, 2009-11, 101, 107, 112, 118, 119, 120, 121, 128, 131, 132, 133, 134, 136, 138, 139, 140, 141,
1004, 1023 and 1038 and Interpretations 2, 4, 12, 13, 14, 17, 19, 131 and 132] (application date
1 January 2013);
AASB 2011-10 Amendments to Australian Accounting Standards arising from AASB 119 (September
2011) [AASB 1, AASB 8, AASB 101, AASB 134, AASB 1049 and AASB 2011-8 and Interpretation 14]
(application date 1 January 2013).
AASB 2012-2 Amendments to Australian Accounting Standards Disclosures Offsetting Financial
Assets and Financial Liabilities [AASB 7 & AASB 132] (application date 1 January 2013);
AASB 2012-3 Amendments to Australian Accounting Standards Offsetting Financial Assets and
Financial Liabilities [AASB 132] (application date 1 January 2014);
AASB 2012-5 Amendments to Australian Accounting Standards arising from Annual Improvements
2009-2011 Cycle [AASB 1, AASB 101, AASB 116, AASB 132 & AASB 134 and Interpretation 2]
(application date 1 January 2013);
AASB 2012-6 Amendments to Australian Accounting Standards Mandatory Effective Date AASB 9
and Transition Disclosures [AASB 9, AASB 2009-11, AASB 2010-7 & AASB 2011-8] (application date
1 January 2013); and
AASB 2012-10 Amendments to Australian Accounting Standards Transition Guidance and Other
Amendments [AASB 1, 5, 7, 8, 10, 11, 12, 13, 101, 102, 108, 112, 119, 127, 128, 132, 133, 134, 137,
1023, 1038, 1039, 1049 & 2011-7 and Interpretation 12] (application date 1 January 2013).
69
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 3. CHANGE IN ACCOUNTING POLICY AND ACCOUNTING ESTIMATES
Change in Accounting Estimates
Revision of Estimation of the Employee Benefit Liability
As disclosed in Note 2(w) Employee Benefits, annual leave and long service leave, including applicable on-
costs, which do not fall due in the next 12 months, are measured at the present value of estimated payments
to be made in respect of services provided by employees up to the reporting date. The present value of future
payments is estimated using the government bond rate.
Last financial year the rate used to estimate the present value of future payments was 106.6%, however, due
to a change in the government bond rate the rate is now 101.3%.
As such the estimate of the long service leave has changed. This change has resulted in a decrease in the
estimate of the long service leave liability and related expenses in the current reporting period of $195,000.
70
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 4. GOVERNMENT PAYMENT FOR OUTPUTS
Government Payment for Outputs (GPO) is revenue received from the ACT Government to fund the costs of
delivering outputs. The ACT Government pays GPO appropriation on a fortnightly basis.
2013 2012
$000 $000
Revenue from the ACT Government
Government Payment for Outputs
(a)
77,889 65,919
Total Government Payment for Outputs 77,889 65,919
(a) The increase in Government Payment for Outputs in 2012-13 is mainly due to:
The transfer of capital injection to Government Payment for Outputs under Section 14 of the Financial
Management Act 1996. The transfer of appropriation was required to more appropriately reflect the
nature of expenditure for three capital works projects and for the capital injection funds transferred
from the Environment and Sustainable Development Directorate for the Capital Metro project; and
Provision of a Treasurers Advance for the payment to Pace Farm to convert its operations at Parkwood
from cage to barn egg production, for sportsground water cost supplementation due to the warm and
dry summer and autumn season and for the Young Pioneers program; partially offset by
The net impact of transfers from the Environment and Sustainable Development Directorate and to the
Territory and Municipal Services Directorate under Section 16 of the Financial Management Act 1996;
The rollover of capital works funding to 2013-14 for land release feasibility studies and grants to
sporting organisations and business and tourism program funding, mainly due to the timing of
payments; and
The full-year impact of the 2011-12 Administrative Arrangements transfers to the Territory and
Municipal Services Directorate of the National Arboretum Canberra project and the ACT Property Group
and the expiration of the previous agreement with National ICT Australia.
71
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 5. USER CHARGES FOR GOODS AND SERVICES
User charges revenue is earned through the provision of goods and services to other ACT Government
agencies and to the public. User charge revenue is not part of ACT Government appropriation and is paid by
the user of the goods or services. This revenue is driven by consumer demand.
2013
2012
$000
$000
User Charges - ACT Government
User Charges - ACT Government
(a)
2,930
2,275
Total User Charges - ACT Government
2,930
2,275
User Charges - Non - ACT Government
Service Revenue Non - ACT Government
(b)
13,307
10,839
Total User Charges - Non - ACT Government
13,307
10,839
Total User Charges for Goods and Services
16,237
13,114
(a) User Charges ACT Government mainly relates to charges for services provided to the Land Development
Agency (LDA) outside the scope of the Memorandum of Understanding (MOU), primarily relating to land use
studies.
(b) User Charges Non-ACT Government includes sports match receipts, hire of venues, merchandising of
tourist products and revenue from tourism activities such as Floriade, Nightfest and the Autumn Festival. The
increase is mainly due to an unbudgeted National Rugby League international test match and Super 15 match
as well as a major concert at the Canberra Stadium.
NOTE 6. INTEREST
2013
2012
$000
$000
Revenue from Non - ACT Government Entities
Interest Revenue
84
115
Total Interest Revenue from Non - ACT Government Entities
84
115
Total Interest Revenue
84
115
Total interest revenue from financial assets not at fair value through
profit and loss.
84
115
72
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 7. RESOURCES RECEIVED FREE OF CHARGE
Resources received free of charge relate to services being provided free of charge from other agencies within
the ACT Government.
2013 2012
$000 $000
Revenue from ACT Government Entities
Legal Services 331 410
Non - ACT Business Incentive Fund (ACTBIF) Waivers
(a)
- 400
Total Resources Received Free of Charge 331 810
(a) Non-ACT Business Incentive Fund (ACTBIF) Waivers relates to payroll tax waivers granted to National ICT
Australia which are now recorded by the ACT Revenue Office within the Commerce and Works Directorate.
NOTE 8. OTHER REVENUE
Other Revenue arises from the core activities of the Directorate. Other Revenue is distinct from Other Gains,
as Other Gains relate to activities that are not part of the core activities of the Directorate.
2013 2012
$000 $000
Revenue from Non - ACT Government Entities
Property and Project Recoveries 242 150
Commonwealth Government Grants
(a)
200 -
Sundry 851 783
Total Other Revenue from Non - ACT Government Entities 1,293 933
Total Other Revenue 1,293 933
(a) The Directorate received Commonwealth funding for activities related to the National Broadband Network
Digital Enterprise Program.
9. OTHER GAINS
Other gains are transactions that are not part of the Directorates core activities. Other Gains are distinct from
Other Revenue, as Other Revenue arises from the core activities of the Directorate.
$000 $000
Sale of Property, Plant and Equipment 50 151
2013 2012
Total Other Gains 50 151
73
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 10. EMPLOYEE EXPENSES
2013
2012
$000
$000
Wages and Salaries
18,350
18,036
Annual Leave Expense 1,352
1,692
Long Service Leave Expense
(a)
8
1,073
Workers' Compensation Insurance Premium 218
215
Other Employee Benefits and On-Costs 65
90
Termination Expense 752
390
Total Employee Expenses
20,745
21,496
(a) The Long Service Leave expense is calculated using market yields on Commonwealth Government bonds to
match estimated future cash flows. In 2012-13, the rate used to estimate the present value of these future
payments decreased to 101.3% (2011-12: 106.6%).
NOTE 11. SUPERANNUATION EXPENSES
2013
2012
$000
$000
Superannuation Contributions to the Territory Banking Account
2,032
1,709
Productivity Benefit 228
211
Superannuation Payment to ComSuper (for the PSSAP) 70
92
Superannuation to External Providers 849
807
Total Superannuation Expenses
(a)
3,179
2,819
(a) Total Superannuation Expenses are higher due to the composition of fund membership and a higher
proportion of staff who are members of the CSS and PSS schemes.
74
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 12. SUPPLIES AND SERVICES
Audit Fees
Communications
Contractors and Consultants
Cost of Goods Sold
(a)
Finance, Procurement and Human Resources Charges
(b)
Ground Maintenance
Hire Charges
Information Technology Charges
(c)
Insurance
Marketing Costs
(d)
Motor Vehicle Expenses
Postage and Freight
Printing and Stationary
Professional Fees
(e)
Property Charges
Repairs and Maintenance
Staff Development and Training
Travel
Utilities
(f)
Works in Progress Expensed
(g)
Other
Total Supplies and Services
2013
$000
135
264
9,024
5,139
1,091
902
270
1,960
375
6,813
183
162
324
1,549
4,934
3,296
1,341
724
7,759
332
363
46,940
2012
$000
123
240
9,630
2,821
1,522
1,112
480
1,331
260
4,482
342
149
560
2,587
4,198
3,711
901
396
4,770
3,342
155
43,112
(a) Cost of Goods Sold mainly relates to costs incurred to stage the National Rugby League test match, the
Super 15 rugby match and the major concert referred to at Note 5 (User Charges non-ACT Government).
(b) Finance, Procurement and Human Resources Charges reflect costs for services purchased from the Shared
Services Centre. The reduction reflects a change to the Shared Services Centres cost attributions and the
identification of a portion of these charges as being more appropriately classified as Information Technology
charges;
(c) Information Technology Charges mainly relates to services provided by Shared Services ICT. The increase
was largely due to the revision referred to above and the inclusion of several new charges.
(d) These costs primarily relate to tourism and events marketing and the increase was mainly due to the
increased number and scale of events related to the Centenary of Canberra.
(e) Professional Fees largely consist of charges for expert advice in relation to business and migration
programs, sporting programs and tourism advisory services. The reduction mainly relates to increased use of
in-house expertise.
(f) Utilities mostly comprises charges for electricity, gas and water and the increase was mainly due to the
amount of sportsground watering required during the warm and dry summer and autumn and the increase in
the cost of water.
(g) Work in Progress Expensed relates to capital works and upgrades, which are deemed not to be capital in
nature. The reduction in 2012-13 relates to the assessment that elements of a number of Capital Works in
Progress were unable to be capitalised and were written off in 2011-12.
75
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 13. DEPRECIATION AND AMORTISATION
2013
2012
$000
$000
Depreciation
Land Improvements
4,545
4,790
Buildings 6,512
7,638
Plant and Equipment 1,629
1,233
Infrastructure Assets 253
252
Leasehold Improvements 279
259
Total Depreciation
13,218
14,172
Amortisation
Intangible Assets
157
126
Total Amortisation
157
126
Total Depreciation and Amortisation
13,375
14,298
NOTE 14. GRANTS AND PURCHASED SERVICES
Grants are amounts provided to ACT Government agencies and non-ACT Government agencies for general
assistance or for a particular purpose. Grants may be for capital, current or recurrent purposes and the name
or category reflects the use of the grant. The grants given are usually subject to terms and conditions set out
in the contract, correspondence, or by legislation.
2013
2012
$000
$000
Grants to Community Organisations
(a)
25,528
18,815
Total Grants
25,528
18,815
(a) Community Grants include grants to community and major sporting organisations and tourism and business
facilitation grants. The increase is mainly due to business support initiatives funded in the 2012-13 Budget
(mainly National ICT Australia) and the payment to Pace Farm to convert its facilities from cage egg to barn egg
production.
76
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 15. BORROWING COSTS
Finance Charges on Finance Leases
Total Borrowing Costs
NOTE 16. OTHER EXPENSES
Losses from the Sale of Assets
Assets Donated to Third Parties
Other Expenses
(a)
Total Other Expenses
2013 2012
$000 $000
39 48
39 48
2013 2012
$000 $000
25 141
8 3
1,455 1,166
1,488 1,310
(a) Other Expenses mostly relates to payments to the Land Development Agency for administrative and
corporate services provided under the terms of a Memorandum of Understanding. The increase mainly relates
to expenses incurred for the Office Accommodation Relocation and Fitout capital works project.
NOTE 17. ASSET TRANSFERS
2013
$000
2012
$000
Asset Transfers in Ordinary Course of Business
(a)
Total Asset Transfers
44,508
44,508
-
-
(a) Asset Transfers in Ordinary Course of Business relates to the transfer of completed capital works to other
ACT Government custodian agencies. These largely comprise roads and stormwater assets (to the Territory
and Municipal Services Directorate) and water, sewerage and electricity assets (to ACTEW Corporation). The
increase represents the completion and transfer of a significant portion of the Directorates capital works
program.
77
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 18. WAIVERS, IMPAIRMENT LOSSES AND WRITE-OFFS
Under Section 131 of the Financial Management Act 1996 the Treasurer may, in writing, waive the right to
payment of an amount owed to the Territory.
A waiver is the relinquishment of a legal claim to a debt. The write-off of a debt is the accounting action taken
to remove a debt from the books but does not relinquish the legal right of the Agency to recover the amount.
The write-off of debts may occur for reasons other than waivers.
There were no Waivers issued during the reporting period pursuant to Section 131 of the Financial
Management Act 1996 (2011-12: Nil).
There were no Impairment Losses recorded during the reporting period for the Directorate (2011-12: Nil).
The Losses or Deficiencies in Public Monies relate to an irreconcilable difference in funds held following the
completion of an event and a minor loss related to Directorate petty cash. The matters were fully investigated
by the Senior Executive Responsible for Business Integrity Risk. No evidence of wrongdoing was uncovered
and the losses were written off.
2013 2012
No. $000 No. $000
Write-Offs
Losses or Deficiencies in Public Monies 1 1 - -
Total Write-Offs 1 1 - -
Total Write-Offs 1 1 - -
NOTE 19. ACT OF GRACE PAYMENTS
Under Section 130 of the Financial Management Act 1996 the Treasurer may, in writing, authorise Act of Grace
Payments to be made by a Directorate. Act of Grace Payments are a method of providing equitable remedies
to entities or individuals that may have been unfairly disadvantaged by the Government but have no legal
claim to the payment.
There were no Act of Grace Payments made during the reporting period pursuant to Section 130 of the
Financial Management Act 1996 (2011-12: Nil).
78
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 20. AUDITORS REMUNERATION
Auditors remuneration consists of financial audit services provided to the Directorate by the
ACT Auditor-Generals Office.
2013 2012
$000 $000
Audit Services
Audit Fees Paid to the ACT Auditor-General's Office 135 123
Total Audit Fees 135 123
NOTE 21. CASH AND CASH EQUIVALENTS
The Directorate holds a number of bank accounts with the Commonwealth Bank as part of
whole-of-government banking arrangements. As a result of these arrangements, the Directorate does not
receive any interest on these accounts.
2013
$000
Cash at Bank 2,930
Cash on Hand 8
Total Cash and Cash Equivalents
(a)
2,938
2012
$000
4,333
9
4,342
(a) The reduction in Cash and Cash Equivalents reflect lower levels of cash carried over for payments relating
to the Directorates capital works projects.
79
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 22. RECEIVABLES
2013
2012
$000
$000
Current Receivables
Trade Receivables
(a)
2,524
3,528
2,524
3,528
Accrued Revenue
-
46
Net Goods and Services Tax Receivable 2,404
2,949
Other Current Receivables 190
63
Total Current Receivables
2,594
3,058
Total Receivables
5,118
6,586
(a) Trade Receivables mainly comprises receivables for venue and event activities as well as for the charges to
the Land Development Agency under the Memorandum of Understanding for the provision of administrative
and corporate support services. The reduction mainly reflects the collection of amounts owed to the
Directorate Before the end of the reporting period.
80
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 22. RECEIVABLES - CONTINUED
Ageing of Receivables
Not Overdue Past Overdue Total
Less than 30 to Greater
30 Days 60 Days than 60 Days
(a)
$'000 $'000 $'000 $'000 $'000
2013
Not Impaired
1,073 3,353 566 126 5,118
Impaired
Receivables
- - - - - Receivables
2012
Not Impaired
3,246 3,086 31 223 6,586
Impaired
Receivables
- - - - - Receivables
(a) The Directorates policy is to assess all debts aged greater than 60 days and impair those that are
considered to be at risk of default. An assessment of these receivables has indicated that none are impaired.
The majority of the amounts overdue for less than 30 days relates to Goods and Service Tax receivable, which
is usually subject to a longer payment cycle than trade receivable.
2013 2012
$000 $000
Classification of ACT Government/Non - ACT Government Receivables
Receivables with ACT Government Entities
Trade Receivables 313 1,221
Total Receivables with ACT Government Entities 313 1,221
Receivables with Non - ACT Government Entities
Trade Receivables 2,211 2,307
Accrued Revenue - 46
Net Goods and Services Tax Receivable 2,404 2,949
Other Receivables 190 63
Total Receivables with Non - ACT Government Entities 4,805 5,365
Total Receivables 5,118 6,586
81
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 23. INVENTORIES
2013
2012
$000
$000
Current Inventories
Purchased Items - Net Realisable Value
64
54
Total Current Inventories
64
54
Total Inventories
64
54
NOTE 24. PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment includes the following classes of assets land, land improvement, buildings,
leasehold improvements, plant and equipment, community and heritage assets and infrastructure. Property,
plant and equipment do not include assets held for sale or investment property.
Land includes leasehold land held by the Directorate at Manuka Oval, the Canberra Region Visitors Centre
and at Stromlo Forest Park, but excludes land under infrastructure.
Land Improvements relates to improvements on sports grounds and ovals, including fencing, irrigation
systems and lights but does not include buildings, canteens, sheds or amenities.
Buildings held mainly relate to sporting or tourism facilities and include pavilions, amenities blocks,
canteen blocks, boat sheds, and storage sheds and the Canberra Region Visitors Centre.
Leasehold improvements represent capital expenditure incurred in relation to leased assets. These include
fitout of leased buildings used for administrative purposes.
Plant and equipment includes motor vehicles under a finance lease, mobile plant, air conditioning and
heating systems, office and computer equipment, furniture and fittings, and other mechanical and
electronic equipment.
Community and Heritage assets are defined as those non-current assets that the ACT Government intends
to preserve indefinitely because of their unique historical, cultural or environmental attributes. A common
feature of heritage assets is that they cannot be replaced and they are not usually available for sale or for
re-deployment. Heritage assets held by the Directorate include public parks and gardens, public sporting
reserves, public nature reserves and playing ovals. Community assets are those assets that are provided
essentially for general community use or services. Community assets held by the Directorate include
public parks and gardens, public sporting reserves, public nature reserves and land under infrastructure.
Infrastructure assets comprise public utilities that provide essential services and enhance the productive
capacity of the economy. Infrastructure assets held by the Directorate include site improvements,
irrigation systems, lighting systems, car parks, fences, gates, and electrical upgrades. Land under
infrastructure is not included in infrastructure assets.
82
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 24. PROPERTY, PLANT AND EQUIPMENT - CONTINUED
2013 2012
$000 $000
Land and Buildings
Land at Fair Value 9,519 6,114
Land Improvements
Land Improvements at Fair Value 231,991 73,284
Less: Accumulated Depreciation - (9,230)
Total Written Down Value of Land Improvements 231,991 64,054
Buildings
Buildings at Fair Value 37,695 39,319
Less: Accumulated Depreciation (176) (4,524)
Total Written Down Value of Buildings 37,519 34,795
Leasehold Improvements
Leasehold Improvements at Cost 2,646 2,508
Less: Accumulated Depreciation (996) (716)
Total Written Down Value of Leasehold Improvements 1,650 1,792
Plant and Equipment
Plant and Equipment at Fair Value 8,045 8,993
Less: Accumulated Depreciation (2,751) (2,221)
Total Written Down Value of Plant and Equipment 5,294 6,772
Community and Heritage Assets
Community and Heritage Assets at Fair Value 161,170 76,076
Total Written Down Value of Community and Heritage Assets 161,170 76,076
Infrastructure Assets
Infrastructure Assets at Fair Value 8,770 8,699
Less: Accumulated Depreciation (1,260) (1,007)
Total Written Down Value of Infrastructure Assets 7,510 7,692
Total Written Down Value of Property, Plant and Equipment
(a)
454,653 197,295
(a) The significant increase in the Total Written Down Value of Property Plant and Equipment relates to a
revaluation of the Directorates assets as at 30 June 2013 (see note 2(aa)). The revaluation increment mainly
relates to an increase in the value of land associated with community sporting facilities and the separate
identification and valuation of land improvements.
83
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 24. PROPERTY, PLANT AND EQUIPMENT - CONTINUED
Assets under a Finance Lease
Assets under a finance lease are included in the asset class to which they relate in the above disclosure. Assets
under a finance lease are also required to be separately disclosed as outlined below.
2013
2012
$000
$000
Carrying Amount of Assets under a Finance Lease
Plant and Equipment under a Finance Lease
968
860
Less: Accumulated Depreciation of Plant and Equipment under a Finance Lease (451)
(295)
Total Written Down Value of Assets under a Finance Lease
517
565
Valuation of Non-Current Assets
ACT Accounting Policy requires that agencies undertake a revaluation at least once every three years. The
majority of the Directorates assets, mainly assets of the sport and recreation function, were revalued as at
30 June 2011 to support the transfer of functions for the Administrative Arrangements of 17 May 2011. The
Directorates property, plant and equipment (excluding leasehold improvements which are carried at cost)
were revalued by independent Certified Practicing Valuers, the Australian Valuation Office and Allbids Liquidity
Partners, as at 30 June 2013. The Directorates Property, Plant and Equipment will next be revalued on or
before 30 June 2016.
84
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
N
o
t
e
s
t
o
a
n
d
F
o
r
m
i
n
g
P
a
r
t
o
f
t
h
e
F
i
n
a
n
c
i
a
l
S
t
a
t
e
m
e
n
t
s
F
o
r
t
h
e
Y
e
a
r
E
n
d
e
d
3
0
J
u
n
e
2
0
1
3
H
i
d
d
e
n
w
o
r
d
s
N
O
T
E
2
4
.
P
R
O
P
E
R
T
Y
,
P
L
A
N
T
A
N
D
E
Q
U
I
P
M
E
N
T
-
C
O
N
T
I
N
U
E
D
R
e
c
o
n
c
i
l
i
a
t
i
o
n
o
f
P
r
o
p
e
r
t
y
,
P
l
a
n
t
a
n
d
E
q
u
i
p
m
e
n
t
T
h
e
f
o
l
l
o
w
i
n
g
t
a
b
l
e
s
h
o
w
s
t
h
e
m
o
v
e
m
e
n
t
o
f
P
r
o
p
e
r
t
y
,
P
l
a
n
t
a
n
d
E
q
u
i
p
m
e
n
t
d
u
r
i
n
g
2
0
1
2
-
1
3
C
a
r
r
y
i
n
g
A
m
o
u
n
t
a
t
t
h
e
B
e
g
i
n
n
i
n
g
o
f
t
h
e
R
e
p
o
r
t
i
n
g
P
e
r
i
o
d
A
d
d
i
t
i
o
n
s
C
a
p
i
t
a
l
W
o
r
k
s
i
n
P
r
o
g
r
e
s
s
C
o
m
p
l
e
t
e
d
a
n
d
T
r
a
n
s
f
e
r
r
e
d
R
e
v
a
l
u
a
t
i
o
n
I
n
c
r
e
m
e
n
t
/
(
D
e
c
r
e
m
e
n
t
)
D
e
p
r
e
c
i
a
t
i
o
n
D
i
s
p
o
s
a
l
R
e
c
l
a
s
s
i
f
i
c
a
t
i
o
n
O
t
h
e
r
L
a
n
d
$
0
0
0
6
,
1
1
4
--
3
,
4
0
5
----
C
o
m
m
u
n
i
t
y
a
n
d
L
a
n
d
L
e
a
s
e
h
o
l
d
P
l
a
n
t
a
n
d
I
n
f
r
a
s
t
r
u
c
t
u
r
e
H
e
r
i
t
a
g
e
I
m
p
r
o
v
e
m
e
n
t
s
B
u
i
l
d
i
n
g
s
I
m
p
r
o
v
e
m
e
n
t
s
E
q
u
i
p
m
e
n
t
A
s
s
e
t
s
A
s
s
e
t
s
T
o
t
a
l
$
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2
9
,
9
0
2
6
8
,
9
4
7
1
,
7
9
2
6
,
7
7
2
7
,
6
9
2
7
6
,
0
7
6
1
9
7
,
2
9
5
-
-
1
3
7
3
3
3
7
1
-
5
4
1
1
,
9
9
1
-
-
1
,
4
0
6
-
-
3
,
3
9
7
1
7
0
,
4
9
1
9
,
2
3
6
-
(
1
,
3
9
6
)
-
8
5
,
0
9
4
2
6
6
,
8
3
0
(
4
,
5
4
5
)
(
6
,
5
1
2
)
(
2
7
9
)
(
1
,
6
2
9
)
(
2
5
3
)
-
(
1
3
,
2
1
8
)
-
-
-
(
9
4
)
-
-
(
9
4
)
3
4
,
1
5
2
(
3
4
,
1
5
2
)
-
-
-
-
-
-
-
-
(
9
8
)
-
-
(
9
8
)
C
a
r
r
y
i
n
g
A
m
o
u
n
t
a
t
t
h
e
E
n
d
o
f
t
h
e
R
e
p
o
r
t
i
n
g
P
e
r
i
o
d
2
3
1
,
9
9
1
3
7
,
5
1
9
1
,
6
5
0
5
,
2
9
4
7
,
5
1
0
1
6
1
,
1
7
0
4
5
4
,
6
5
3
9
,
5
1
9
85
ECONOMIC DEVELOPMENT DIRECTORATE
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
N
o
t
e
s
t
o
a
n
d
F
o
r
m
i
n
g
P
a
r
t
o
f
t
h
e
F
i
n
a
n
c
i
a
l
S
t
a
t
e
m
e
n
t
s
F
o
r
t
h
e
Y
e
a
r
E
n
d
e
d
3
0
J
u
n
e
2
0
1
3
H
i
d
d
e
n
w
o
r
d
s
N
O
T
E
2
4
.
P
R
O
P
E
R
T
Y
,
P
L
A
N
T
A
N
D
E
Q
U
I
P
M
E
N
T
-
C
O
N
T
I
N
U
E
D
R
e
c
o
n
c
i
l
i
a
t
i
o
n
o
f
P
r
o
p
e
r
t
y
,
P
l
a
n
t
a
n
d
E
q
u
i
p
m
e
n
t
T
h
e
f
o
l
l
o
w
i
n
g
t
a
b
l
e
s
h
o
w
s
t
h
e
m
o
v
e
m
e
n
t
o
f
P
r
o
p
e
r
t
y
,
P
l
a
n
t
a
n
d
E
q
u
i
p
m
e
n
t
d
u
r
i
n
g
2
0
1
1
-
1
2
.
C
o
m
m
u
n
i
t
y
L
a
n
d
L
e
a
s
e
h
o
l
d
P
l
a
n
t
a
n
d
I
n
f
r
a
s
t
r
u
c
t
u
r
e
a
n
d
H
e
r
i
t
a
g
e
L
a
n
d
I
m
p
r
o
v
e
m
e
n
t
s
B
u
i
l
d
i
n
g
s
I
m
p
r
o
v
e
m
e
n
t
s
E
q
u
i
p
m
e
n
t
A
s
s
e
t
s
A
s
s
e
t
s
T
o
t
a
l
$
0
0
0
$
0
0
0
$
0
0
0
$
0
0
0
$
0
0
0
$
0
0
0
$
0
0
0
$
0
0
0
C
a
r
r
y
i
n
g
A
m
o
u
n
t
a
t
t
h
e
B
e
g
i
n
n
i
n
g
o
f
t
h
e
R
e
p
o
r
t
i
n
g
P
e
r
i
o
d
6
,
7
3
9
-
4
4
,
5
2
2
1
,
8
6
7
6
,
2
0
8
7
9
,
5
7
3
6
7
,
0
7
1
2
0
5
,
9
8
0
A
d
d
i
t
i
o
n
s
-
-
-
1
8
2
1
1
2
-
-
2
9
4
R
e
v
a
l
u
a
t
i
o
n
I
n
c
r
e
m
e
n
t
-
-
-
-
1
,
8
9
7
-
4
,
5
0
0
6
,
3
9
7
D
e
p
r
e
c
i
a
t
i
o
n
-
(
4
,
7
9
0
)
(
7
,
6
3
8
)
(
2
5
9
)
(
1
,
2
3
3
)
(
2
5
2
)
-
(
1
4
,
1
7
2
)
(
D
i
s
p
o
s
a
l
)
t
h
r
o
u
g
h
A
d
m
i
n
i
s
t
r
a
t
i
v
e
R
e
s
t
r
u
c
t
u
r
i
n
g
(
6
2
5
)
-
-
-
(
3
5
)
-
-
(
6
6
0
)
D
i
s
p
o
s
a
l
-
-
-
-
(
1
9
6
)
-
-
(
1
9
6
)
R
e
c
l
a
s
s
i
f
i
c
a
t
i
o
n
-
3
4
,
6
9
2
3
2
,
0
6
3
2
1
9
(
7
1
,
6
2
9
)
4
,
8
5
3
-
O
t
h
e
r
m
o
v
e
m
e
n
t
s
-
-
-
-
-
-
(
3
4
8
)
(
3
4
8
)
C
a
r
r
y
i
n
g
A
m
o
u
n
t
a
t
t
h
e
E
n
d
o
f
t
h
e
R
e
p
o
r
t
i
n
g
P
e
r
i
o
d
6
,
1
1
4
2
9
,
9
0
2
6
8
,
9
4
7
1
,
7
9
2
6
,
7
7
2
7
,
6
9
2
7
6
,
0
7
6
1
9
7
,
2
9
5
86
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 25. INTANGIBLE ASSETS
Other intangible assets relates to a licence held with the Commonwealth which grants usage of the Canberra
Business and Events Centre (CBEC) to the Directorate.
2013 2012
$000 $000
Computer Software
Externally Generated Software
Computer Software at Cost 97 97
Less: Accumulated Amortisation (19) -
Total Externally Generated Software 78 97
Total Computer Software 78 97
Other Intangibles
Externally Purchased Other Intangibles
Other Intangible Assets at Cost 1,000 1,000
Less: Accumulated Amortisation (816) (679)
Total Externally Purchased Other Intangibles 184 321
Total Other Intangibles 184 321
Total Intangible Assets 262 418
87
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 25. INTANGIBLE ASSETS - CONTINUED
Reconciliation of Intangible Assets
The following table shows the movements of Intangible Assets during 2012-13.
Externally
Externally Purchased
Purchased Other
Software Intangibles Total
$000 $000 $000
Carrying Amount at the Beginning of the
Reporting Period 97 321 418
Amortisation (19) (137) (157)
Carrying Amount at the End of the
Reporting Period 78 184 262
Reconciliation of Intangible Assets
The following table shows the movement of Intangible Assets 2011-12.
Externally
Externally Purchased
Purchased Other
Software Intangibles Total
$000 $000 $000
Carrying Amount at the Beginning of the
Reporting Period 97 446 543
Amortisation - (125) (125)
Carrying Amount at the End of the
Reporting Period 97 321 418
88
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 26. CAPITAL WORKS IN PROGRESS
Capital Works in Progress are assets being constructed over periods of time in excess of the present reporting
period. These assets often require extensive installation work or integration with other assets, and contrast
with simpler assets that are ready for use when acquired, such as motor vehicles and equipment. Capital
Works in Progress are not depreciated as the Directorate is not currently deriving any economic benefits from
them. Assets, which are under construction, include infrastructure assets, buildings,
improvements.
Buildings Works in Progress
Land Improvements Works in Progress
Community and Heritage Works in Progress
Other Works in Progress
Total Capital Works in Progress
(a)
2013
$000
14,827
132,931
12,726
2,052
162,536
and leasehold
2012
$000
1,747
59,500
38,035
4,671
103,953
(a) The increase in Capital Works in Progress reflects the ongoing delivery of significant projects largely related
to:
Infrastructure to support land release, for example, the John Gorton Drive Extension and the Clarrie
Hermes Drive Extension;
Community and major sports facilities, such as the Gungahlin Leisure Centre; and
City renewal and community infrastructure works, such as the Canberra CBD Upgrade and the
Narrabundah Longstay Park projects.
89
ECONOMIC DEVELOPMENT DIRECTORATE
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
N
o
t
e
s
t
o
a
n
d
F
o
r
m
i
n
g
P
a
r
t
o
f
t
h
e
F
i
n
a
n
c
i
a
l
S
t
a
t
e
m
e
n
t
s
F
o
r
t
h
e
Y
e
a
r
E
n
d
e
d
3
0
J
u
n
e
2
0
1
3
H
i
d
d
e
n
w
o
r
d
s
N
O
T
E
2
6
.
C
A
P
I
T
A
L
W
O
R
K
S
I
N
P
R
O
G
R
E
S
S
-
C
O
N
T
I
N
U
E
D
R
e
c
o
n
c
i
l
i
a
t
i
o
n
o
f
C
a
p
i
t
a
l
W
o
r
k
s
i
n
P
r
o
g
r
e
s
s
T
h
e
f
o
l
l
o
w
i
n
g
t
a
b
l
e
s
h
o
w
s
t
h
e
m
o
v
e
m
e
n
t
o
f
C
a
p
i
t
a
l
W
o
r
k
s
i
n
P
r
o
g
r
e
s
s
d
u
r
i
n
g
2
0
1
2
-
1
3
.
B
u
i
l
d
i
n
g
s
I
n
f
r
a
s
t
r
u
c
t
u
r
e
C
o
m
m
u
n
i
t
y
a
n
d
O
t
h
e
r
W
o
r
k
s
i
n
W
o
r
k
s
i
n
H
e
r
i
t
a
g
e
W
o
r
k
s
W
o
r
k
s
i
n
P
r
o
g
r
e
s
s
P
r
o
g
r
e
s
s
i
n
P
r
o
g
r
e
s
s
P
r
o
g
r
e
s
s
T
o
t
a
l
$
0
0
0
$
0
0
0
$
0
0
0
$
0
0
0
$
0
0
0
C
a
r
r
y
i
n
g
A
m
o
u
n
t
a
t
t
h
e
B
e
g
i
n
n
i
n
g
o
f
t
h
e
R
e
p
o
r
t
i
n
g
P
e
r
i
o
d
2
,
4
7
2
9
6
,
4
5
4
1
,
2
3
5
3
,
7
9
2
1
0
3
,
9
5
3
A
d
d
i
t
i
o
n
s
1
3
,
1
1
1
7
7
,
4
3
9
1
1
,
6
7
3
4
,
2
5
1
1
0
6
,
4
7
4
C
a
p
i
t
a
l
W
o
r
k
s
i
n
P
r
o
g
r
e
s
s
C
o
m
p
l
e
t
e
d
a
n
d
T
r
a
n
s
f
e
r
r
e
d
t
o
-
(
1
,
9
9
1
)
-
(
1
,
4
0
6
)
(
3
,
3
9
7
)
P
r
o
p
e
r
t
y
,
P
l
a
n
t
a
n
d
E
q
u
i
p
m
e
n
t
W
o
r
k
s
i
n
P
r
o
g
r
e
s
s
E
x
p
e
n
s
e
d
-
(
1
8
)
(
1
8
2
)
(
1
3
2
)
(
3
3
2
)
A
s
s
e
t
T
r
a
n
s
f
e
r
s
i
n
t
h
e
O
r
d
i
n
a
r
y
C
o
u
r
s
e
o
f
B
u
s
i
n
e
s
s
(
7
5
6
)
(
3
8
,
9
5
3
)
-
(
4
,
4
5
3
)
(
4
4
,
1
6
2
)
C
a
r
r
y
i
n
g
A
m
o
u
n
t
a
t
t
h
e
E
n
d
o
f
t
h
e
R
e
p
o
r
t
i
n
g
P
e
r
i
o
d
1
4
,
8
2
7
1
3
2
,
9
3
1
1
2
,
7
2
6
2
,
0
5
2
1
6
2
,
5
3
6
90
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
N
o
t
e
s
t
o
a
n
d
F
o
r
m
i
n
g
P
a
r
t
o
f
t
h
e
F
i
n
a
n
c
i
a
l
S
t
a
t
e
m
e
n
t
s
F
o
r
t
h
e
Y
e
a
r
E
n
d
e
d
3
0
J
u
n
e
2
0
1
3
H
i
d
d
e
n
w
o
r
d
s
N
O
T
E
2
6
.
C
A
P
I
T
A
L
W
O
R
K
S
I
N
P
R
O
G
R
E
S
S
-
C
O
N
T
I
N
U
E
D
R
e
c
o
n
c
i
l
i
a
t
i
o
n
o
f
C
a
p
i
t
a
l
W
o
r
k
s
i
n
P
r
o
g
r
e
s
s
T
h
e
f
o
l
l
o
w
i
n
g
t
a
b
l
e
s
h
o
w
s
t
h
e
m
o
v
e
m
e
n
t
o
f
C
a
p
i
t
a
l
W
o
r
k
s
i
n
P
r
o
g
r
e
s
s
d
u
r
i
n
g
2
0
1
1
-
1
2
.
C
a
r
r
y
i
n
g
A
m
o
u
n
t
a
t
t
h
e
B
e
g
i
n
n
i
n
g
o
f
t
h
e
R
e
p
o
r
t
i
n
g
P
e
r
i
o
d
A
d
d
i
t
i
o
n
s
C
a
p
i
t
a
l
W
o
r
k
s
i
n
P
r
o
g
r
e
s
s
C
o
m
p
l
e
t
e
d
a
n
d
T
r
a
n
s
f
e
r
r
e
d
t
o
P
r
o
p
e
r
t
y
,
P
l
a
n
t
a
n
d
E
q
u
i
p
m
e
n
t
(
D
i
s
p
o
s
a
l
)
t
h
r
o
u
g
h
A
d
m
i
n
i
s
t
r
a
t
i
v
e
R
e
s
t
r
u
c
t
u
r
i
n
g
W
o
r
k
s
i
n
P
r
o
g
r
e
s
s
E
x
p
e
n
s
e
d
R
e
c
l
a
s
s
i
f
i
c
a
t
i
o
n
B
u
i
l
d
i
n
g
s
I
n
f
r
a
s
t
r
u
c
t
u
r
e
C
o
m
m
u
n
i
t
y
a
n
d
O
t
h
e
r
W
o
r
k
s
i
n
W
o
r
k
s
i
n
H
e
r
i
t
a
g
e
W
o
r
k
s
W
o
r
k
s
i
n
P
r
o
g
r
e
s
s
P
r
o
g
r
e
s
s
i
n
P
r
o
g
r
e
s
s
P
r
o
g
r
e
s
s
T
o
t
a
l
$
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-
2
7
,
8
2
4
2
7
,
7
9
3
7
,
0
4
9
6
2
,
6
6
6
1
,
7
4
2
4
8
,
2
8
6
1
1
,
4
4
7
2
4
,
9
0
5
8
6
,
3
8
0
-
-
(
4
,
5
0
0
)
(
1
,
8
9
7
)
(
6
,
3
9
7
)
(
3
5
,
3
5
5
)
(
3
5
,
3
5
5
)
-
-
-
-
-
(
1
,
9
8
1
)
(
1
,
3
6
0
)
(
3
,
3
4
1
)
7
3
0
2
0
,
3
4
4
(
3
1
,
5
2
4
)
1
0
,
4
5
0
-
C
a
r
r
y
i
n
g
A
m
o
u
n
t
a
t
t
h
e
E
n
d
o
f
t
h
e
R
e
p
o
r
t
i
n
g
P
e
r
i
o
d
2
,
4
7
2
9
6
,
4
5
4
1
,
2
3
5
3
,
7
9
2
1
0
3
,
9
5
3
91
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 27. OTHER ASSETS
2013
2012
$000
$000
Current Other Assets
Prepayments
645
462
Other 45
33
Total Current Other Assets
690
495
Total Other Assets
690
495
92
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 28. PAYABLES
2013 2012
$000 $000
Current Payables
Trade Payables
(a)
1,790 17,269
Other Payables 546 858
Accrued Expenses
(a)
18,326 8,150
Total Current Payables 20,662 26,277
Total Payables 20,662 26,277
(a) Trade Payables consists mainly relates to sport and recreation and venues and events operations, while
Accrued Expenses mainly relate to capital works expenditure. The decrease in Trade Payables and the
offsetting increase in Accrued Expenses largely reflects invoice payments at the end of the year, partially offset
by the accrual of expenses for capital works in progress for work completed but not yet invoiced to the
Directorate.
2013 2012
$000 $000
Payables are aged as followed
Not Overdue 18,660 1,293
Overdue for Less than 30 Days 1,540 16,116
Overdue for 30 to 60 Days 397 5,568
Overdue for More than 60 Days 64 3,300
Total Payables
(a)
20,662 26,277
a) Payables have been aged by invoice date. The reduction in overdue amounts reflects the payment of
debts as the fall due. Overdue amounts generally relate to invoices for large projects which are under
discussion prior to being settled.
Classification of ACT Government / Non-ACT Government Payables
Payables with ACT Government Entities
Trade Payables 945 16,040
Other Payables - 349
Accrued Expenses 15,288 5,457
Total Payables with ACT Government Entities 16,233 21,486
Payables with Non-ACT Government Entities
Trade Payables 845 1,229
Other Payables 546 509
Accrued Expenses 3,038 2,693
Total Payables with Non-ACT Government Entities 4,429 4,431
Total Payables 20,662 26,277
93
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 29. FINANCE LEASES
2013
2012
$000
$000
Current Finance Lease Liabilities
Secured
Finance Leases
456
395
Total Current Secured Finance Lease Liabilities
456
395
Non-Current Finance Lease Liabilities
Secured
Finance Leases
212
228
Total Non-Current Secured Finance Lease Liabilities
212
228
Total Finance Lease Liabilities
668
623
Secured Liability
The Directorate's finance lease liabilities are effectively secured as the assets under a finance lease revert to
the lessor should the lessee default.
Finance Lease
Finance lease commitments are payable as follows:
Within one year
533
428
Later than one year but not later than five years 156
240
Minimum Lease Payments
689
668
Less: Future Finance Lease Charges
(21)
(45)
Amount Recognised as a Liability
(21)
623
Total Present Value of Minimum Lease Payments
668
623
94
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 29. FINANCE LEASES CONTINUED
2013 2012
$000 $000
The present value of the minimum lease payments are as follows:
Within one year 456 395
Later than one year but not later than five years 212 228
Total Present Value of Minimum Lease Payments 668 623
The future minimum lease payments for non-cancellable financing sub-leases expected to be received.
Classification on the Balance Sheet
Finance Leases
Current Finance Leases 456 395
Non-Current Finance Leases 212 228
Total Interest-Bearing Liabilities 668 623
95
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 30. EMPLOYEE BENEFITS
2013
2012
$000
$000
Current Employee Benefits
Annual Leave
2,715
2,828
Long Service Leave 3,602
3,595
Accrued Salaries 633
667
Other Benefits 253
33
Total Current Employee Benefits
7,203
7,123
Non-Current Employee Benefits
Long Service Leave
484
692
Total Non-Current Employee Benefits
484
692
Total Employee Benefits
(a)
7,687
7,815
For Disclosure Purposes Only:
Estimate of when Leave is Payable
(b)
Estimated Amount Payable within 12 months
Annual Leave
2,715
2,828
Long Service Leave 188
328
Accrued Salaries 633
667
Other Benefits 253
33
Total Employee Benefits Payable within 12 months
3,789
3,856
Estimated Amount Payable after 12 months
Long Service Leave
3,898
3,959
Total Employee Benefits Payable after 12 months
3,898
3,959
Total Employee Benefits
7,687
7,815
(a) Employee benefits are accrued as the entitlement becomes legally due to employees.
(b) The Estimate of When Leave is Payable is an estimate of when employees are expected to access their
leave entitlements, the timing of which may differ significantly from the time when they become legally
entitled to do so.
96
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 31. OTHER LIABILITIES
2013 2012
$000 $000
Current Other Liabilities
942 1,305
Other
Revenue Received in Advance
369 47
Total Current Other Liabilities 1,311 1,352
Non-Current Other Liabilities
Other 240 -
Total Non-Current Other Liabilities 240 -
Total Other Liabilities 1,551 1,352
NOTE 32. ASSET REVALUATION SURPLUS
Asset Revaluation Surplus
The Asset Revaluation Surplus is used to record the increments and decrements in the value of the property,
plant and equipment.
2013
$000
449 Balance at the Beginning of the Reporting Period
266,830 Revaluation of Property, Plant and Equipment
(a)
Balance at the End of the Reporting Period 267,279
2012
$000
449
-
449
(a) The Directorate revalued its Property, Plant and Equipment as at 30 June 2013 in accordance with the
accounting policy outlined at Note 2 (r). The revaluation increment mainly relates to an increase in the value
of land associated with community sporting facilities and the separate identification and valuation of land
improvements.
97
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden
Assetwords
NOTE 33. RESTRUCTURE OF ADMINISTRATIVE ARRANGEMENTS
Restructure of Administrative Arrangements 2012-13
As part of the Administrative Arrangements 2012 (No 2) (NI2012-593), Government Accommodation Strategy
transferred from the Economic Development Directorate to the Commerce and Works Directorate with effect
from 10 November 2012.
Income and Expenses
The following table shows the agreed income and expense items associated with the transferring functions
recognised by the Directorate for the period from 1 July 2012 to 9 November 2012. It also shows the income
and expenses relating to the functions after it transferred to the Commerce and Works Directorate. Finally,
the table shows the total income and expenses for the function for the whole financial year.
Amounts Relating to
Amounts Relating to
Function when held
Function when held
by the Economic Development
Directorate
by the Commerce and
Works Directorate
1 July 2012 to
10 November 2012 to Total
9 November 2012
30 June 2013 2013
$000
$000 $000
Revenue
Government Payment for Outputs 266 366 632
Resources Received free of Charge
-
13 13
Total Revenue
266
379 645
Expenses
Employee Expenses
247
305 552
Superannuation Expenses 20
47 67
Supplies and Services -
41 41
Total Expenses
267
393 660
The Administrative Arrangements which took effect from 10 November 2012 transferred responsibility for
Government Accommodation Strategy function and associated employees to the Commerce and Works
Directorate. Government Accommodation Strategy has responsibility for the management of Whole of
Government accommodation strategy and the fitout works required to facilitate the implementation of the
revised Directorate structures, adopted following the outcome of the Hawke Review in May 2011.
98
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden
Assetwords
NOTE 33. RESTRUCTURE OF ADMINISTRATIVE ARRANGEMENTS - CONTINUED
Restructure of Administrative Arrangements 2011-12
As part of the Administrative Arrangements 2011 (No 3) (NI2011-712), the Arboretum transferred from the
Economic Development Directorate to the Territory and Municipal Services Directorate with effect from
23 November 2011.
Income and Expenses
The following table shows the agreed income and expense items associated with the transferring function
recognised by the Directorate for the period from 1 July 2011 to 22 November 2011. It also shows the income
and expenses relating to the function after it transferred to the Territory and Municipal Services Directorate.
Finally, the table shows the total income and expenses for the function for the entire financial year.
Amounts Relating to
Function when held
by the Economic
Development
Directorate
1 July 2011 to
22 November 2011
$000
Revenue
Donations -
Government Payment for Outputs 762
Interest -
Amounts Relating to
Function when held
by the Territory and
Municipal Services
Directorate
23 November 2011 to
30 June 2012
$000
65
1,341
3
Total
2012
$000
65
2,103
3
Total Revenue 762 1,409 2,171
Expenses
Employee Expenses
Superannuation Expenses
Supplies and Services
Depreciation and Amortisation
Other Expenses
11
1
762
3
1
221
18
1,287
5
5,053
232
19
2,049
8
5,054
Total Expenses 778 6,584 7,362
99
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden
Assetwords
NOTE 33. RESTRUCTURE OF ADMINISTRATIVE ARRANGEMENTS CONTINUED
Assets and Liabilities
Assets and liabilities transferred as part of the revised Administrative Arrangements at the date of transfer
were as follows:
Transferred
Transferred
Amounts
Amounts
2012-13
2011-12
$000
$000
Assets
Cash and Cash Equivalents
-
(1,099)
Property, Plant and Equipment -
(660)
Capital Work in Progress -
(35,355)
Total (Assets) Transferred
-
(37,114)
Liabilities
Employee Benefits 266
93
Other Liabilities -
21
Total Liabilities Transferred
266
114
Total Net Liabilities/(Assets) Transferred
266
(37,000)
100
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden
Assetwords
NOTE 34. FINANCIAL INSTRUMENTS
Details of the significant policies and methods adopted, including the criteria for recognition, the basis of
measurement, and the basis on which income and expenses are recognised, with respect to each class of
financial asset and financial liability are disclosed in Note 2: Summary of Significant Accounting Policies.
Interest Rate Risk
Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate
because of changes in market interest rates.
The Directorate is considered to have minimal exposure to interest rate risk because the Directorate only held
one interest-bearing account and interest earnings are variable and immaterial. Finance leases are held in
fixed interest arrangements.
Sensitivity Analysis
A sensitivity analysis has not been undertaken as it is considered that the Directorates exposure to this risk is
insignificant and would have an immaterial impact on its financial results.
Credit Risk
Credit risk is the risk that one party to a financial instrument will fail to discharge an obligation and cause the
other party to incur a financial loss. The Directorates credit risk is limited to the amount of the financial assets
it holds net of any allowance for impairment losses. The Directorate expects to collect all financial assets that
are not past due or impaired.
Risk is minimised through placing cash and cash equivalents with the Commonwealth Bank, an established and
reputable banking institution, in accordance with whole of government banking arrangements.
The Directorate manages the credit risk for receivables by regularly monitoring its receivables and issuing
monthly statements to overdue accounts where required. No significant concentration of credit risk has been
identified.
Liquidity Risk
Liquidity risk is the risk that the Directorate will be unable to meet its financial obligations as they fall due. The
Directorates main external financial obligations relate to the payment of grants, the purchase of supplies and
services and the payment of finance lease obligations. The Directorate aims to pay for the purchase of
supplies and services within 30 days of receiving the goods or services.
The main source of cash to pay these obligations is appropriation from the ACT Government which is paid on a
fortnightly basis during the year, supplemented by internally generated revenue. The Directorate manages its
liquidity risk through forecasting appropriation drawdown requirements to enable payment of anticipated
obligations.
101
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden
Assetwords
NOTE 34. FINANCIAL INSTRUMENTS - CONTINUED
Price Risk
Price risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of
changes in market prices (other than those arising from interest rate risk or currency risk), whether these
changes are caused by factors specific to the individual financial instrument or its issuer, or factors affecting all
similar financial instruments traded in the market.
The Directorate's financial assets are not subject to price risk. Accordingly, a sensitivity analysis has not been
undertaken.
Carrying
Fair Carrying Fair
Amount
Value Amount Value
2013
2013 2012 2012
$000
$000 $000 $000
Financial Assets
Cash and Cash Equivalents
2,938
2,938 4,342 4,342
Receivables 5,118
5,118 6,586 6,586
Total Financial Assets
8,056
8,056 10,928 10,928
Financial Liabilities
Payables
20,662
20,662 26,277 26,277
Finance Leases 668
668 623 623
Total Financial Liabilities
21,330
21,330 26,900 26,900
102
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
N
o
t
e
s
t
o
a
n
d
F
o
r
m
i
n
g
P
a
r
t
o
f
t
h
e
F
i
n
a
n
c
i
a
l
S
t
a
t
e
m
e
n
t
s
F
o
r
t
h
e
Y
e
a
r
E
n
d
e
d
3
0
J
u
n
e
2
0
1
3
H
i
d
d
e
n
A
s
s
e
t
w
o
r
d
s
N
O
T
E
3
4
.
F
I
N
A
N
C
I
A
L
I
N
S
T
R
U
M
E
N
T
S
C
O
N
T
I
N
U
E
D
T
h
e
f
o
l
l
o
w
i
n
g
t
a
b
l
e
s
e
t
s
o
u
t
t
h
e
D
i
r
e
c
t
o
r
a
t
e
'
s
m
a
t
u
r
i
t
y
a
n
a
l
y
s
i
s
f
o
r
f
i
n
a
n
c
i
a
l
a
s
s
e
t
s
a
n
d
l
i
a
b
i
l
i
t
i
e
s
a
s
w
e
l
l
a
s
t
h
e
e
x
p
o
s
u
r
e
t
o
i
n
t
e
r
e
s
t
r
a
t
e
s
,
i
n
c
l
u
d
i
n
g
t
h
e
w
e
i
g
h
t
e
d
a
v
e
r
a
g
e
i
n
t
e
r
e
s
t
r
a
t
e
s
b
y
m
a
t
u
r
i
t
y
p
e
r
i
o
d
a
s
a
t
3
0
J
u
n
e
2
0
1
3
.
A
l
l
f
i
n
a
n
c
i
a
l
a
s
s
e
t
s
a
n
d
l
i
a
b
i
l
i
t
i
e
s
w
h
i
c
h
h
a
v
e
a
f
l
o
a
t
i
n
g
i
n
t
e
r
e
s
t
r
a
t
e
o
r
a
r
e
n
o
n
-
i
n
t
e
r
e
s
t
b
e
a
r
i
n
g
w
i
l
l
m
a
t
u
r
e
i
n
o
n
e
y
e
a
r
o
r
l
e
s
s
.
A
l
l
a
m
o
u
n
t
s
a
p
p
e
a
r
i
n
g
i
n
t
h
e
f
o
l
l
o
w
i
n
g
m
a
t
u
r
i
t
y
a
n
a
l
y
s
i
s
a
r
e
s
h
o
w
n
o
n
a
n
u
n
d
i
s
c
o
u
n
t
e
d
c
a
s
h
f
l
o
w
b
a
s
i
s
.
W
e
i
g
h
t
e
d
N
o
t
e
F
i
x
e
d
I
n
t
e
r
e
s
t
M
a
t
u
r
i
n
g
I
n
:
N
o
.
A
v
e
r
a
g
e
F
l
o
a
t
i
n
g
I
n
t
e
r
e
s
t
I
n
t
e
r
e
s
t
1
Y
e
a
r
O
v
e
r
1
Y
e
a
r
O
v
e
r
N
o
n
-
I
n
t
e
r
e
s
t
R
a
t
e
R
a
t
e
o
r
L
e
s
s
t
o
5
Y
e
a
r
s
5
Y
e
a
r
s
B
e
a
r
i
n
g
T
o
t
a
l
$
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
F
i
n
a
n
c
i
a
l
I
n
s
t
r
u
m
e
n
t
s
F
i
n
a
n
c
i
a
l
A
s
s
e
t
s
C
a
s
h
a
n
d
C
a
s
h
E
q
u
i
v
a
l
e
n
t
s
2
1
3
.
4
4
%
2
,
5
1
2
-
-
-
4
2
6
2
,
9
3
8
R
e
c
e
i
v
a
b
l
e
s
2
2
-
-
-
-
5
,
1
1
8
5
,
1
1
8
T
o
t
a
l
F
i
n
a
n
c
i
a
l
A
s
s
e
t
s
2
,
5
1
2
-
-
-
5
,
5
4
4
8
,
0
5
6
F
i
n
a
n
c
i
a
l
L
i
a
b
i
l
i
t
i
e
s
P
a
y
a
b
l
e
s
2
8
-
-
-
-
2
0
,
6
6
2
2
0
,
6
6
2
F
i
n
a
n
c
e
L
e
a
s
e
s
2
9
6
.
5
0
%
-
5
3
3
1
5
6
-
-
T
o
t
a
l
F
i
n
a
n
c
i
a
l
L
i
a
b
i
l
i
t
i
e
s
-
5
3
3
1
5
6
-
2
0
,
6
6
2
2
1
,
3
5
1
N
e
t
F
i
n
a
n
c
i
a
l
A
s
s
e
t
s
/
(
L
i
a
b
i
l
i
t
i
e
s
)
2
,
5
1
2
(
5
3
3
)
(
1
5
6
)
-
(
1
5
,
1
1
8
)
(
1
3
,
2
9
5
)
6
8
9
103
ECONOMIC DEVELOPMENT DIRECTORATE
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
N
o
t
e
s
t
o
a
n
d
F
o
r
m
i
n
g
P
a
r
t
o
f
t
h
e
F
i
n
a
n
c
i
a
l
S
t
a
t
e
m
e
n
t
s
F
o
r
t
h
e
Y
e
a
r
E
n
d
e
d
3
0
J
u
n
e
2
0
1
3
H
i
d
d
e
n
A
s
s
e
t
w
o
r
d
s
N
O
T
E
3
4
.
F
I
N
A
N
C
I
A
L
I
N
S
T
R
U
M
E
N
T
S
C
O
N
T
I
N
U
E
D
T
h
e
f
o
l
l
o
w
i
n
g
t
a
b
l
e
s
e
t
s
o
u
t
t
h
e
D
i
r
e
c
t
o
r
a
t
e
'
s
m
a
t
u
r
i
t
y
a
n
a
l
y
s
i
s
f
o
r
f
i
n
a
n
c
i
a
l
a
s
s
e
t
s
a
n
d
l
i
a
b
i
l
i
t
i
e
s
a
s
w
e
l
l
a
s
t
h
e
e
x
p
o
s
u
r
e
t
o
i
n
t
e
r
e
s
t
r
a
t
e
s
,
i
n
c
l
u
d
i
n
g
t
h
e
w
e
i
g
h
t
e
d
a
v
e
r
a
g
e
i
n
t
e
r
e
s
t
r
a
t
e
s
b
y
m
a
t
u
r
i
t
y
p
e
r
i
o
d
a
s
a
t
3
0
J
u
n
e
2
0
1
2
.
A
l
l
f
i
n
a
n
c
i
a
l
a
s
s
e
t
s
a
n
d
l
i
a
b
i
l
i
t
i
e
s
w
h
i
c
h
h
a
v
e
a
f
l
o
a
t
i
n
g
i
n
t
e
r
e
s
t
r
a
t
e
o
r
a
r
e
n
o
n
-
i
n
t
e
r
e
s
t
b
e
a
r
i
n
g
w
i
l
l
m
a
t
u
r
e
i
n
o
n
e
y
e
a
r
o
r
l
e
s
s
.
A
l
l
a
m
o
u
n
t
s
a
p
p
e
a
r
i
n
g
i
n
t
h
e
f
o
l
l
o
w
i
n
g
m
a
t
u
r
i
t
y
a
n
a
l
y
s
i
s
a
r
e
s
h
o
w
n
o
n
a
n
u
n
d
i
s
c
o
u
n
t
e
d
c
a
s
h
f
l
o
w
b
a
s
i
s
.
W
e
i
g
h
t
e
d
N
o
t
e
A
v
e
r
a
g
e
F
l
o
a
t
i
n
g
F
i
x
e
d
I
n
t
e
r
e
s
t
M
a
t
u
r
i
n
g
I
n
:
N
o
.
I
n
t
e
r
e
s
t
I
n
t
e
r
e
s
t
1
Y
e
a
r
O
v
e
r
1
Y
e
a
r
O
v
e
r
N
o
n
-
I
n
t
e
r
e
s
t
R
a
t
e
R
a
t
e
o
r
L
e
s
s
t
o
5
Y
e
a
r
s
5
Y
e
a
r
s
B
e
a
r
i
n
g
T
o
t
a
l
$
0
0
0
$
0
0
0
$
0
0
0
$
0
0
0
$
0
0
0
$
0
0
0
F
i
n
a
n
c
i
a
l
I
n
s
t
r
u
m
e
n
t
s
F
i
n
a
n
c
i
a
l
A
s
s
e
t
s
C
a
s
h
a
n
d
C
a
s
h
E
q
u
i
v
a
l
e
n
t
s
2
1
1
.
7
0
%
4
,
3
4
2
-
-
-
-
4
,
3
4
2
R
e
c
e
i
v
a
b
l
e
s
2
2
-
-
-
-
6
,
5
8
6
6
,
5
8
6
T
o
t
a
l
F
i
n
a
n
c
i
a
l
A
s
s
e
t
s
4
,
3
4
2
-
-
-
6
,
5
8
6
1
0
,
9
2
8
F
i
n
a
n
c
i
a
l
L
i
a
b
i
l
i
t
i
e
s
P
a
y
a
b
l
e
s
2
8
-
-
-
-
2
6
,
2
7
7
2
6
,
2
7
7
F
i
n
a
n
c
e
L
e
a
s
e
s
2
9
6
.
8
0
%
-
4
2
8
2
4
0
-
-
6
6
8
T
o
t
a
l
F
i
n
a
n
c
i
a
l
L
i
a
b
i
l
i
t
i
e
s
-
4
2
8
2
4
0
-
2
6
,
2
7
7
2
6
,
9
4
5
N
e
t
F
i
n
a
n
c
i
a
l
A
s
s
e
t
s
/
(
L
i
a
b
i
l
i
t
i
e
s
)
4
,
3
4
2
(
4
2
8
)
(
2
4
0
)
-
(
1
9
,
6
9
1
)
(
1
6
,
0
1
7
)
104
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden
Assetwords
NOTE 34. FINANCIAL INSTRUMENTS - CONTINUED
Note
No.
2013
$000
2012
$000
Carrying Amount of Each Category of Financial Asset and Financial
Liability
Financial Assets
Loans and Receivables Measured at Amortised Cost 22 5,118 6,586
Financial Liabilities
Financial Liabilities Measured at Amortised Cost 28,29 21,330 26,900
The Directorate does not have any financial assets in the 'Fair Value through Profit and Loss Designated Upon
Initial Recognition' category, 'Available for Sale' category, or the 'Held to Maturity' category and, as such, these
categories are not included above.
Fair Value
The Directorate does not have any financial assets or financial liabilities at fair value. As such no fair value
hierarchy disclosures have been made.
105
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden
Assetwords
NOTE 35. COMMITMENTS
Capital Commitments
Capital commitments contracted at reporting date that have not been recognised as liabilities are as follows:
2013
2012
$000
$000
Within One Year
84,010
38,158
Later than one year but not later than five years 4,020
23,982
Total Capital Commitments
88,030
62,140
Other Commitments
Other commitments contracted at reporting date that have not been recognised as liabilities are payable as
follows:
Within One Year
15,504
11,883
Later than one year but not later than five years 37,328
23,540
Later than five years 12,894
15,989
Total Other Commitments
65,726
51,412
The majority of the commitments relate to grants for major sporting organisations.
Operating Lease Commitments
Non-cancellable operating lease commitments are payable as follows:
Within One Year
7
7
Later than one year but not later than five years 3
10
Total Operating Lease Commitments
10
17
106
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden
Assetwords
NOTE 36. CONTINGENT LIABILITIES AND CONTINGENT ASSETS
Contingent Liabilities
The ACT Government Solicitor is acting for the Directorate in relation to legal claims for compensation related
to possible injuries sustained by third parties at sporting fields and events. As at 30 June 2013 the current
estimate of potential claims was $390,000 (2011-12: $250,000).
Contingent Assets
Should the Directorate become liable for the amount detailed above, insurance claims will be made in respect
to policies held with the ACT Insurance Authority. The expected insurance receipts for these claims are
$360,000 (2011-12: $230,000).
107
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden
Assetwords
NOTE 37. CASH FLOW RECONCILIATION
2013
2012
$000
$000
(a) Reconciliation of Cash and Cash Equivalents at the End of the
Reporting Period in the Cash Flow Statement to the Equivalent
items in the Balance Sheet
Total Cash and Cash Equivalents Recorded in the Balance Sheet
2,938
4,342
Cash and Cash Equivalents at the End of the Reporting Period as
Recorded in the Cash Flow Statement
2,938
4,342
(b)
Reconciliation of Net Cash (Outflows)/Inflows from Operating
Activities to the Operating Deficit
Operating (Deficit)
(59,918)
(20,856)
Add/(Less) Non-Cash Items
Depreciation of Property, Plant and Equipment
13,218
14,172
Amortisation of Intangibles
157
126
Asset/(Liabilities) Transferred
44,508
(603)
Less Items Classified as Investing or Financing
Asset Purchases Expensed
-
3,342
Net Gain on Disposal of Non-Current Assets -
(43)
Cash Before Changes in Operating Assets and Liabilities
(2,035)
(3,862)
Changes in Operating Assets and Liabilities
(Increase)/Decrease in Receivables
1,229
(1,647)
(Increase)/Decrease in Other Assets (195)
66
(Decrease)/Increase in Payables (15,501)
5,519
Increase in Provisions 141
1,519
Increase in Other Liabilities 198
198
(Decrease) in Inventories (10) -
Net Changes in Operating Assets and Liabilities
(14,138)
5,655
Net (Outflows)/Inflows from Operating Activities
(16,173)
1,793
(c)
Non-Cash Financing and Investing Activities
Acquisition of Motor Vehicle by means of a finance lease
175
339
108
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden
Assetwords
NOTE 38. EVENTS OCCURING AFTER BALANCE DATE
There were no events occurring after balance date that had a material effect on these financial statements.
NOTE 39. THIRD PARTY MONIES
The Directorate holds security deposits for the Tourism Trust account and unclaimed lottery prize monies for
the ACT Gambling and Racing Commission.
2013 2012
$000 $000
Security Deposits Held for the Tourism Trust Account
Balance at the Beginning of the Reporting Period 128 148
1,310 1,486
Cash Payments
Cash Receipts
(1,227) (1,506)
Balance at the End of the Reporting Period 211 128
Unclaimed Lottery Prize Monies Held in Trust for the ACT Gambling and
Racing Commission
Balance at the Beginning of the Reporting Period 1,969 1,887
Cash Receipts 62 82
Cash Payments (1) -
Balance at the End of the Reporting Period 2,030 1,969
109
ECONOMIC DEVELOPMENT DIRECTORATE
Blank words
ECONOMIC DEVELOPMENT DIRECTORATE
TERRITORIAL FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2013
110
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Statement of Income and Expenses on Behalf of the Territory
For the Year Ended 30 June 2013
Hidden words
Income
Revenue
Payments for Expenses on Behalf of the Territory
User charges - Non ACT Government
Interest
Total Revenue
Gains
Other Gains
Total Income
Expenses
Grants and Purchased Services
Transfer to Government
Supplies and Services
Loss on Investments
Total Expenses
Operating (Deficit)
Note
No.
41
42
43
44
45
Actual
2013
$000
7,772
-
56
7,828
-
7,828
7,654
-
118
258
8,030
(202)
Original
Budget
2013
$000
7,772
120
-
7,892
-
-
7,654
120
118
-
7,892
-
Actual
2012
$000
7,586
-
-
7,586
-
7,586
7,486
-
100
602
8,188
(602)
The above Statement of Income and Expenses on Behalf of the Territory should be read in conjunction with
the accompanying notes.
111
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Statement of Assets and Liabilities on Behalf of the Territory
As at 30 June 2013
Hidden words
Original
Actual Budget Actual
Note 2013 2013 2012
No. $000 $000 $000
Non-Current Assets
Investments
46
1,334 2,852 1,036
Total Non-Current Assets 1,334 2,852 1,036
Total Assets 1,334 2,852 1,036
Net Assets 1,334 2,852 1,036
Equity
Accumulated Funds 1,334 2,852 1,036
Total Equity 1,334 2,852 1,036
The above Statement of Assets and Liabilities on Behalf of the Territory should be read in conjunction with the
accompanying notes.
112
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Statement of Changes in Equity on Behalf of the Territory
For the Year Ended 30 June 2013
Hidden words
Accumulated Total
Funds Equity Original
Actual Actual Budget
2013 2013 2013
$000 $000 $000
Balance at the Beginning of the
Reporting Period 1,036 1,036 2,352
Comprehensive Income
Operating (Deficit) (202) (202) -
Total Comprehensive Income (202) (202) -
Transfers (from)/to reserves - - -
Transactions Involving Owners
Affecting Accumulated Funds
Capital Injections 500 500 500
Total Transactions Involving Owners
Affecting Accumulated Funds 500 500 500
Balance at the End of the Reporting
Period 1,334 1,334 2,852
The above Statement of Changes in Equity on Behalf of the Territory should be read in conjunction with the
accompanying notes.
113
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Statement of Changes in Equity on Behalf of the Territory
For the Year Ended 30 June 2013
Hidden words
Accumulated Total
Funds Equity Original
Actual Actual Budget
2012 2012 2012
$000 $000 $000
Balance at the Beginning of the
Reporting Period 1,638 - -
Comprehensive Income
Operating (Deficit) (602) - -
Total Comprehensive (Deficit) (602) - -
Transactions Involving Owners
Accumulated Funds
Net Assets transferred out as part of an
Administrative Restructure - - 2,352
Total Transactions Involving Owners
Affecting Accumulated Funds - - 2,352
Balance at the End of the Reporting
Period 1,036 - 2,352
The above Statement of Changes in Equity on Behalf of the Territory should be read in conjunction with the
accompanying notes.
114
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Cash Flow Statement on Behalf of the Territory
For the Year Ended 30 June 2013
Hidden wordsHidden words
Cash Flows from Operating Activities
Receipts
Cash from Government for Expenses on Behalf
of the Territory
User Charges
Total Receipts from Operating Activities
Payments
Supplies and Services
Grants and Purchased Services
Transfer of Territory Receipts to the ACT Government
Total Payments from Operating Activities
Net Cash Inflows from Operating Activities
Payment
Purchase of Investments
Net Cash (Outflows) from Investing Activities
Receipts
Capital Injections from Government
Net Cash Inflows from Financing Activities
Net Increase/(Decrease) in Cash and Cash Equivalents
Held
Cash and Cash Equivalents at the Beginning of the
Reporting Period
Cash and Cash Equivalents at the End of the Reporting
Actual
Note 2013
No. $000
7,772
-
7,772 7,892 7,586
118 118 100
7,654 7,654 7,486
- 120 -
7,772 7,892 7,586
50 -
500
(500)
500
500
-
-
50 -
Original
Budget
2013
$000
7,772
120
-
500
(500)
500
500
-
-
-
Actual
2012
$000
7,586
-
-
-
-
-
-
-
-
-
Period
The above Cash Flow Statement on Behalf of the Territory should be read in conjunction with the accompanying
notes.
115
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Territorial Statement of Appropriation
For the Year Ended 30 June 2013
Hidden words
Original Total Appropriation Appropriation
Budget Appropriated Drawn Drawn
2013 2013 2013 2012
$000 $000 $000 $000
Territorial
Expenses on Behalf of the Territory 7,772 7,772 7,772 7,586
Capital Injections 500 500 500 -
Total Appropriation 8,272 8,272 8,272 7,586
The above Territorial Statement of Appropriation should be read in conjunction with the accompanying notes.
116
Hidden words
Note 40. Summary of Significant Accounting Policies Territorial
Income Notes
Note 41. Payments for Expenses on behalf of the Territory Territorial
Note 42. Interest
Expenses Notes
Note 43. Grants and Purchased Services Territorial
Note 44. Supplies and Services- Territorial
Note 45. Loss on Investments Territorial
Assets Notes
Note 46. Investments Territorial
Other Notes
Note 47. Financial Instruments Territorial
Note 48. Commitments Territorial
Note 49. Third Party Monies
Note 50. Cash Flow Reconciliation Territorial
Note 51. Contingent Liabilities and Contingent Assets Territorial
Note 52. Events Occurring after Balance Date Territorial
Hidden words
TERRITORIAL NOTE INDEX
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
TERRITORIAL NOTE INDEX
Note 40. Summary of Significant Accounting Policies Territorial
Income Notes
Note 41. Payments for Expenses on behalf of the Territory Territorial
Note 42. Interest
Expenses Notes
Note 43. Grants and Purchased Services Territorial
Note 44. Supplies and Services- Territorial
Note 45. Loss on Investments Territorial
Assets Notes
Note 46. Investments Territorial
Other Notes
Note 47. Financial Instruments Territorial
Note 48. Commitments Territorial
Note 49. Third Party Monies
Note 50. Cash Flow Reconciliation Territorial
Note 51. Contingent Liabilities and Contingent Assets Territorial
Note 52. Events Occurring after Balance Date Territorial
117
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 40. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES TERRITORIAL
All the Directorates accounting policies are contained in Note 2, Summary of Significant Accounting Policies.
The policies outlined in Note 2 apply to both the Controlled and Territorial financial statements.
NOTE 41. PAYMENTS FOR EXPENSES ON BEHALF OF THE TERRITORY - TERRITORIAL
2013
2012
$000
$000
Payments for Expenses on Behalf of the Territory
7,772
7,586
Total Payments for Expenses on Behalf of the Territory
7,772
7,586
118
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 42. INTEREST
2013 2012
$000 $000
Revenue from Non - ACT Government Entities
Interest Revenue 56 -
Total Interest Revenue from Non - ACT Government Entities 56 -
Total Interest Revenue 56 -
Total interest revenue from financial assets not at fair value through
profit and loss. 56 -
NOTE 43. GRANTS AND PURCHASED SERVICES - TERRITORIAL
2013 2012
$000 $000
7,654 7,486 Grants and Purchased Services
(a)
Total Grants and Purchased Services 7,654 7,486
(a) Grants and Purchased Services relates to payments made to the racing codes. The payments to the racing
codes reflect the Governments decision to provide funding support for the three codes (Thoroughbred,
Harness and Greyhound Racing).
NOTE 44. SUPPLIES AND SERVICES - TERRITORIAL
2013 2012
$000 $000
118 100 Supplies and Services
Total Supplies and Services 118 100
119
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 45. LOSS ON INVESTMENT - TERRITORIAL
2013
2012
$000
$000
Loss on Financial Assets Measured at Fair value through Profit and Loss
258
602
Total Loss on Investments
258
602
NOTE 46. INVESTMENT - TERRITORIAL
2013
2012
$000
$000
Investment in the Canberra Business Development Fund
1,334
1,036
Total Investment (a)
1,334
1,036
(a) The increase in the value of investment in 2012-13 comprises the net of the $500,000 equity contribution,
the loss on financial assets measured at fair value ($258,000) measured through the profit and loss and the
reinvestment of interest revenue ($56,000).
120
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 47. FINANCIAL INSTRUMENTS TERRITORIAL
Details of the significant policies and methods adopted, including the criteria for recognition, the basis of
measurement, and the basis on which income and expenses are recognised, with respect to each class of
financial asset and financial liability are disclosed in Note 2: Summary of Significant Accounting Policies.
Interest Rate Risk
Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate
because of changes in market interest rates.
The Directorate currently has all of its financial assets and financial liabilities held in non-interest bearing
arrangements. This means that the Directorate is not exposed to any movements in interest rates, and as such
does not have any interest rate risk.
A sensitivity analysis has not been undertaken for the interest rate risk of the Directorate as it is not exposed
to any movements in interest rates.
Credit Risk
Credit risk is the risk that one party to a financial instrument will fail to discharge an obligation and cause the
other party to incur a financial loss. The Directorates credit risk is limited to the amount of the financial assets
held less any allowance for losses. The Directorate expects to collect all financial assets that are not past due
or impaired. There is no collateral held as security for financial assets.
Liquidity Risk
Liquidity risk is the risk that the Directorate will encounter difficulties in meeting obligations associated with
financial liabilities that are settled by delivering cash or another financial asset. To limit its exposure to
liquidity risk, the Directorate ensures that, at any particular point in time, it has a sufficient amount of current
financial assets to meet its financial liabilities. Also, where necessary the Directorate has the ability to request
additional appropriation in order to meet its territorial obligations. This ensures the Directorate has enough
liquidity to meet its emerging financial liabilities.
Price Risk
Price risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of
changes in market prices, whether these changes are caused by factors specific to the individual financial
instrument or its issuer, or factors affecting all similar financial instruments traded in the market.
The Directorates territorial operations are exposed to price risk through its investment in the Canberra
Business Development Fund. The Canberra Business Development Fund invests in early stage companies that
are commercialising research and development. As a result, there is an inherent risk that the investments will
not realise any returns for the Fund. The Canberra Business Development Fund manages this risk, as
comprehensively as possible, by engaging Australian Capital Ventures Limited to select and oversee the Funds
investments.
121
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 47. FINANCIAL INSTRUMENTS - TERRITORIAL CONTINUED
Fair Value of Financial Assets and Liabilities
The carrying amounts and fair values of financial assets and liabilities at balance date are:
Carrying
Fair Carrying Fair
Amount
Value Amount Value
2013
2013 2012 2012
$000
$000 $000 $000
Financial Assets
Investment
1,334
1,334 1,036 1,036
Total Financial Assets
1,334
1,334 1,036 1,036
122
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
N
o
t
e
s
t
o
a
n
d
F
o
r
m
i
n
g
P
a
r
t
o
f
t
h
e
F
i
n
a
n
c
i
a
l
S
t
a
t
e
m
e
n
t
s
F
o
r
t
h
e
Y
e
a
r
E
n
d
e
d
3
0
J
u
n
e
2
0
1
3
H
i
d
d
e
n
w
o
r
d
s
N
O
T
E
4
7
.
F
I
N
A
N
C
I
A
L
I
N
S
T
R
U
M
E
N
T
S
-
T
E
R
R
I
T
O
R
I
A
L
C
O
N
T
I
N
U
E
D
T
h
e
f
o
l
l
o
w
i
n
g
t
a
b
l
e
s
e
t
s
o
u
t
t
h
e
D
i
r
e
c
t
o
r
a
t
e
s
m
a
t
u
r
i
t
y
a
n
a
l
y
s
i
s
f
o
r
f
i
n
a
n
c
i
a
l
a
s
s
e
t
s
a
n
d
l
i
a
b
i
l
i
t
i
e
s
a
s
w
e
l
l
a
s
t
h
e
e
x
p
o
s
u
r
e
t
o
i
n
t
e
r
e
s
t
r
a
t
e
s
,
i
n
c
l
u
d
i
n
g
t
h
e
w
e
i
g
h
t
e
d
a
v
e
r
a
g
e
i
n
t
e
r
e
s
t
r
a
t
e
s
b
y
m
a
t
u
r
i
t
y
p
e
r
i
o
d
a
s
a
t
3
0
J
u
n
e
2
0
1
3
.
A
l
l
f
i
n
a
n
c
i
a
l
a
s
s
e
t
s
a
n
d
l
i
a
b
i
l
i
t
i
e
s
w
h
i
c
h
a
r
e
n
o
n
-
i
n
t
e
r
e
s
t
b
e
a
r
i
n
g
w
i
l
l
m
a
t
u
r
e
i
n
1
y
e
a
r
o
r
l
e
s
s
.
A
l
l
a
m
o
u
n
t
s
a
p
p
e
a
r
i
n
g
i
n
t
h
e
f
o
l
l
o
w
i
n
g
m
a
t
u
r
i
t
y
a
n
a
l
y
s
i
s
a
r
e
s
h
o
w
n
o
n
a
n
u
n
d
i
s
c
o
u
n
t
e
d
c
a
s
h
f
l
o
w
b
a
s
i
s
.
N
o
t
e
N
o
.
F
i
n
a
n
c
i
a
l
I
n
s
t
r
u
m
e
n
t
s
F
i
n
a
n
c
i
a
l
A
s
s
e
t
s
I
n
v
e
s
t
m
e
n
t
4
6
F
i
x
e
d
I
n
t
e
r
e
s
t
M
a
t
u
r
i
n
g
I
n
c
:
W
e
i
g
h
t
e
d
F
l
o
a
t
i
n
g
I
n
t
e
r
e
s
t
A
v
e
r
a
g
e
1
Y
e
a
r
O
v
e
r
1
Y
e
a
r
O
v
e
r
N
o
n
-
I
n
t
e
r
e
s
t
I
n
t
e
r
e
s
t
R
a
t
e
o
r
L
e
s
s
t
o
5
Y
e
a
r
s
5
Y
e
a
r
s
B
e
a
r
i
n
g
T
o
t
a
l
$
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
R
a
t
e
%
n
/
a
-
-
-
-
1
,
3
3
4
1
,
3
3
4
T
o
t
a
l
F
i
n
a
n
c
i
a
l
A
s
s
e
t
s
-
-
-
-
1
,
3
3
4
1
,
3
3
4
N
e
t
F
i
n
a
n
c
i
a
l
A
s
s
e
t
s
-
-
-
-
1
,
3
3
4
1
,
3
3
4
123
ECONOMIC DEVELOPMENT DIRECTORATE
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
N
o
t
e
s
t
o
a
n
d
F
o
r
m
i
n
g
P
a
r
t
o
f
t
h
e
F
i
n
a
n
c
i
a
l
S
t
a
t
e
m
e
n
t
s
F
o
r
t
h
e
Y
e
a
r
E
n
d
e
d
3
0
J
u
n
e
2
0
1
3
H
i
d
d
e
n
w
o
r
d
s
N
O
T
E
4
7
.
F
I
N
A
N
C
I
A
L
I
N
S
T
R
U
M
E
N
T
S
-
T
E
R
R
I
T
O
R
I
A
L
C
O
N
T
I
N
U
E
D
T
h
e
f
o
l
l
o
w
i
n
g
t
a
b
l
e
s
e
t
s
o
u
t
t
h
e
D
i
r
e
c
t
o
r
a
t
e
s
m
a
t
u
r
i
t
y
a
n
a
l
y
s
i
s
f
o
r
f
i
n
a
n
c
i
a
l
a
s
s
e
t
s
a
n
d
l
i
a
b
i
l
i
t
i
e
s
a
s
w
e
l
l
a
s
t
h
e
e
x
p
o
s
u
r
e
t
o
i
n
t
e
r
e
s
t
r
a
t
e
s
,
i
n
c
l
u
d
i
n
g
t
h
e
w
e
i
g
h
t
e
d
a
v
e
r
a
g
e
i
n
t
e
r
e
s
t
r
a
t
e
s
b
y
m
a
t
u
r
i
t
y
p
e
r
i
o
d
a
s
a
t
3
0
J
u
n
e
2
0
1
2
.
A
l
l
f
i
n
a
n
c
i
a
l
a
s
s
e
t
s
a
n
d
l
i
a
b
i
l
i
t
i
e
s
w
h
i
c
h
a
r
e
n
o
n
-
i
n
t
e
r
e
s
t
b
e
a
r
i
n
g
w
i
l
l
m
a
t
u
r
e
i
n
1
y
e
a
r
o
r
l
e
s
s
.
A
l
l
a
m
o
u
n
t
s
a
p
p
e
a
r
i
n
g
i
n
t
h
e
f
o
l
l
o
w
i
n
g
m
a
t
u
r
i
t
y
a
n
a
l
y
s
i
s
a
r
e
s
h
o
w
n
o
n
a
n
u
n
d
i
s
c
o
u
n
t
e
d
c
a
s
h
f
l
o
w
b
a
s
i
s
.
F
i
x
e
d
I
n
t
e
r
e
s
t
m
a
t
u
r
i
n
g
I
n
:
W
e
i
g
h
t
e
d
F
l
o
a
t
i
n
g
1
Y
e
a
r
O
v
e
r
1
Y
e
a
r
O
v
e
r
N
o
n
-
I
n
t
e
r
e
s
t
N
o
t
e
A
v
e
r
a
g
e
I
n
t
e
r
e
s
t
R
a
t
e
o
r
L
e
s
s
t
o
5
Y
e
a
r
s
5
Y
e
a
r
s
B
e
a
r
i
n
g
T
o
t
a
l
N
o
.
I
n
t
e
r
e
s
t
$
0
0
0
$
0
0
0
$
0
0
0
$
0
0
0
$
0
0
0
$
0
0
0
R
a
t
e
F
i
n
a
n
c
i
a
l
I
n
s
t
r
u
m
e
n
t
s
%
F
i
n
a
n
c
i
a
l
A
s
s
e
t
s
I
n
v
e
s
t
m
e
n
t
4
6
n
/
a
-
-
-
-
1
,
0
3
6
1
,
0
3
6
T
o
t
a
l
F
i
n
a
n
c
i
a
l
A
s
s
e
t
s
-
-
-
-
1
,
0
3
6
1
,
0
3
6
N
e
t
F
i
n
a
n
c
i
a
l
A
s
s
e
t
s
-
-
-
-
1
,
0
3
6
1
,
0
3
6
124
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
Hidden words
NOTE 47. FINANCIAL INSTRUMENTS - TERRITORIAL - CONTINUED
2013
$000
2012
$000
Carrying Amount of Each Category of Financial Asset
Financial
Financial Assets at Fair Value through Profit and Loss 1,334 1,036
Losses on Each Class of Financial Asset
Losses on Financial Assets
Financial Assets at Fair Value through Profit and Loss (258) (602)
NOTE 48. COMMITMENTS - TERRITORIAL
2013 2012
$000 $000
Within One Year 7,827 15,481
Later than one year but not later than five years - -
Later than five years - -
Total Other Commitments
(a)
7,827 15,481
(a) Other Commitments relate to grants to the Canberra racing codes. The reduction in 2012-13 relates to
the expiration of the current agreement period.
NOTE 49. THIRD PARTY MONIES
The Directorate holds monies on behalf of third parties related to the operations of the former Racing
Development Fund. The monies are held in a bank account transferred from the Chief Minister and Treasury
Directorate as part of the Administrative Arrangements of 17 May 2011.
2013 2012
$000 $000
Security Deposits Held for the Racing Development Fund Trust Account
Balance at the Beginning of the Reporting Period 2 -
- -
Cash Payments
Cash Receipts
- -
Balance at the End of the Reporting Period 3 -
125
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Development Directorate
Notes to and Forming Part of the Financial Statements
For the Year Ended 30 June 2013
NOTE 50. CASH FLOW RECONCILIATION - TERRITORIAL
a) Reconciliation of Cash and Cash Equivalents at the end of the Reporting Period in the Cash Flow
Statement on Behalf of the Territory to the Equivalent Items in the Statement of Assets and Liabilities on
Behalf of the Territory.
2013
2012
$000
$000
Total Cash Disclosed on the Statement of Assets and Liabilities on Behalf of the
Territory
-
-
Cash at the End of the Reporting as Recorded in the Cash Flow Statement on
behalf of the Territory
-
-
b) Reconciliation of Net Cash Inflows/(Outflows) from Operating Activities to the Operating (Deficit)
2013
2012
$000
$000
Operating (Deficit)
(202)
(602)
Add/(Less) Non-Cash Items
Loss on Investment 258
602
(Gain) on Investment (56) -
Cash Before Changes in Operating Assets and Liabilities
-
-
Net Cash Inflows/(Outflows) from Operating Activities
-
-
NOTE 51. CONTINGENT LIABILITIES AND CONTINGENT ASSETS - TERRITORIAL
There were no contingent liabilities or contingent assets as at 30 June 2013 (2011-12: Nil).
There were no indemnities as at 30 June 2013 (2011-12: Nil).
NOTE 52. EVENTS OCCURING AFTER BALANCE DATE - TERRITORIAL
There were no events occurring after the balance date, which would affect the financial statements as at
30 June 2013.
126
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
A.7StatementofPerformance
127
ECONOMIC DEVELOPMENT DIRECTORATE
No opinion is expressed on the accuracy of explanations provided for variations
between actual and t argeted performance due to the often subjective nature of such
explanations.
Electronic presentation of the statement of performance
Those viewi ng an electronic presentation of this statement of performance should
note that the review does not provide assurance on the int egrit y of informat ion
presented el ectroni cally, and does not provide an opinion on any other information
which may have been hyperli nked to or from the statement of performance. If user s
of the statement of are concerned with the inherent risks arising from
the electronic presentati on of information, they are advised t o refer to the printed
copy of the reviewed statement of performance to confirm the accuracy of this
electronicall y presented i nformation.
Independence
Applicable independence requirement s of Austr alian professi onal ethical
pronouncement s were foll owed in conduct ing the review.
Review opinion
Based on the review procedures, no matters have come to my attention which
i ndicate that the results of the accountability indicators, reported in the statement of
performance of the Directorat e for t he year ended 30 June 2.013, are not fairly
presented in accordance with the Financial Management Act 1996.
This review opinion snould be read in conjunction with the other informat ion
di sclosed in this r eport.
o/( .
Or Maxine Cooper
Auditor-General
\ '].,September 2013
128
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Statement of Performance
For the Vear Ended
30June 2013
Economic Development Directorate
129
ECONOMIC DEVELOPMENT DIRECTORATE
Economic Deve lopment Directorate
Statement of Performance
For the Vear Ended 30 June 2013
Statement of Responsibility
In my opi nion, the of Performance is in acreement with the Directorate's records
and fairly reflects the service per formance of the Directorate for t he year ended
30 June 2013 and arso fairly refl ects the judgement s exercised in prepari ng it.
,,,,----------- '
--=-
David Dawes
Director-General
Economic Development Direct orat e
.:."'September 2013
130
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
S
t
a
t
e
m
e
n
t
o
f
P
e
r
f
o
r
m
a
n
c
e
F
o
r
t
h
e
Y
e
a
r
E
n
d
e
d
3
0
J
u
n
e
2
0
1
3
O
u
t
p
u
t
C
l
a
s
s
1
:
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
O
u
t
p
u
t
1
.
1
:
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
P
o
l
i
c
y
O
u
t
p
u
t
D
e
s
c
r
i
p
t
i
o
n
:
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
P
o
l
i
c
y
w
i
l
l
d
e
l
i
v
e
r
k
e
y
G
o
v
e
r
n
m
e
n
t
p
o
l
i
c
y
a
n
d
p
r
o
j
e
c
t
i
n
i
t
i
a
t
i
v
e
s
a
n
d
l
e
a
d
a
n
d
c
o
o
r
d
i
n
a
t
e
t
h
e
i
m
p
l
e
m
e
n
t
a
t
i
o
n
o
f
a
f
f
o
r
d
a
b
l
e
h
o
u
s
i
n
g
p
o
l
i
c
i
e
s
.
A
c
c
o
u
n
t
a
b
i
l
i
t
y
I
n
d
i
c
a
t
o
r
O
r
i
g
i
n
a
l
T
a
r
g
e
t
2
0
1
2
-
1
3
A
c
t
u
a
l
R
e
s
u
l
t
2
0
1
2
-
1
3
V
a
r
i
a
n
c
e
%
E
x
p
l
a
n
a
t
i
o
n
o
f
m
a
t
e
r
i
a
l
v
a
r
i
a
n
c
e
s
T
o
t
a
l
C
o
s
t
(
$
0
0
0
)
3
,
1
2
0
3
,
0
1
3
(
3
.
4
%
)
N
o
t
a
p
p
l
i
c
a
b
l
e
G
o
v
e
r
n
m
e
n
t
P
a
y
m
e
n
t
f
o
r
O
u
t
p
u
t
s
(
$
0
0
0
)
2
,
9
8
4
2
,
9
8
4
-
N
o
t
a
p
p
l
i
c
a
b
l
e
a
.
C
o
o
r
d
i
n
a
t
e
t
h
e
i
m
p
l
e
m
e
n
t
a
t
i
o
n
o
f
t
h
e
A
f
f
o
r
d
a
b
l
e
H
o
u
s
i
n
g
A
c
t
i
o
n
P
l
a
n
i
n
c
l
u
d
i
n
g
P
h
a
s
e
I
I
I
S
e
p
t
2
0
1
2
M
a
r
c
h
2
0
1
3
S
e
p
t
2
0
1
2
M
a
r
c
h
2
0
1
3
-
N
o
t
a
p
p
l
i
c
a
b
l
e
b
.
I
n
f
r
a
s
t
r
u
c
t
u
r
e
P
l
a
n
1
1
-
N
o
t
a
p
p
l
i
c
a
b
l
e
c
.
C
o
n
s
t
r
u
c
t
i
o
n
S
n
a
p
s
h
o
t
s
2
1
(
5
0
%
)
O
n
e
S
n
a
p
s
h
o
t
w
a
s
r
e
l
e
a
s
e
d
i
n
J
u
l
y
2
0
1
2
.
A
s
e
c
o
n
d
S
n
a
p
s
h
o
t
w
a
s
p
r
e
p
a
r
e
d
i
n
M
a
y
2
0
1
3
b
u
t
n
o
t
s
u
b
s
e
q
u
e
n
t
l
y
r
e
l
e
a
s
e
d
u
n
t
i
l
S
e
p
t
e
m
b
e
r
2
0
1
3
.
d
.
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
p
o
l
i
c
y
a
n
d
p
r
o
j
e
c
t
i
n
i
t
i
a
t
i
v
e
s
4
4
-
N
o
t
a
p
p
l
i
c
a
b
l
e
E
x
p
l
a
n
a
t
i
o
n
o
f
a
c
c
o
u
n
t
a
b
i
l
i
t
y
i
n
d
i
c
a
t
o
r
s
:
a
.
E
D
D
t
o
p
r
e
p
a
r
e
t
w
o
p
r
o
g
r
e
s
s
r
e
p
o
r
t
s
p
e
r
a
n
n
u
m
r
e
g
a
r
d
i
n
g
t
h
e
i
m
p
l
e
m
e
n
t
a
t
i
o
n
o
f
A
f
f
o
r
d
a
b
l
e
H
o
u
s
i
n
g
A
c
t
i
o
n
P
l
a
n
P
h
a
s
e
I
I
I
.
b
.
E
D
D
t
o
p
r
e
p
a
r
e
a
n
u
p
d
a
t
e
t
o
t
h
e
I
n
f
r
a
s
t
r
u
c
t
u
r
e
P
l
a
n
,
a
s
t
r
a
t
e
g
i
c
p
l
a
n
n
i
n
g
d
o
c
u
m
e
n
t
w
h
i
c
h
i
d
e
n
t
i
f
i
e
s
k
e
y
i
n
f
r
a
s
t
r
u
c
t
u
r
e
p
r
o
j
e
c
t
s
t
h
a
t
t
h
e
A
C
T
G
o
v
e
r
n
m
e
n
t
a
i
m
s
t
o
d
e
l
i
v
e
r
.
c
.
E
D
D
t
o
p
r
e
p
a
r
e
t
w
o
C
o
n
s
t
r
u
c
t
i
o
n
s
n
a
p
s
h
o
t
s
.
T
h
e
C
a
n
b
e
r
r
a
C
o
n
s
t
r
u
c
t
i
o
n
S
n
a
p
s
h
o
t
p
r
o
v
i
d
e
s
a
n
o
n
l
i
n
e
o
v
e
r
v
i
e
w
a
n
d
m
a
p
o
f
c
o
n
s
t
r
u
c
t
i
o
n
i
n
d
u
s
t
r
y
a
c
t
i
v
i
t
y
i
n
t
h
e
A
C
T
a
n
d
i
s
u
p
d
a
t
e
d
b
i
a
n
n
u
a
l
l
y
.
d
.
T
h
e
f
o
l
l
o
w
i
n
g
p
o
l
i
c
y
a
n
d
p
r
o
j
e
c
t
i
n
i
t
i
a
t
i
v
e
s
w
e
r
e
d
e
l
i
v
e
r
e
d
i
n
a
c
c
o
r
d
a
n
c
e
w
i
t
h
a
c
c
o
u
n
t
a
b
i
l
i
t
y
i
n
d
i
c
a
t
o
r
s
:
P
r
e
p
a
r
a
t
i
o
n
o
f
t
h
e
R
a
c
i
n
g
A
m
e
n
d
m
e
n
t
B
i
l
l
2
0
1
2
;
P
r
e
p
a
r
a
t
i
o
n
o
f
t
h
e
f
i
r
s
t
p
r
o
g
r
e
s
s
r
e
p
o
r
t
o
n
t
h
e
i
m
p
l
e
m
e
n
t
a
t
i
o
n
o
f
t
h
e
B
u
s
i
n
e
s
s
D
e
v
e
l
o
p
m
e
n
t
S
t
r
a
t
e
g
y
:
G
r
o
w
t
h
,
D
i
v
e
r
s
i
f
i
c
a
t
i
o
n
a
n
d
J
o
b
s
;
I
m
p
l
e
m
e
n
t
a
t
i
o
n
o
f
c
h
a
n
g
e
s
f
l
o
w
i
n
g
f
r
o
m
t
h
e
r
e
v
i
e
w
o
f
t
h
e
L
a
n
d
R
e
n
t
i
n
i
t
i
a
t
i
v
e
s
;
a
n
d
P
r
e
p
a
r
a
t
i
o
n
o
f
a
p
o
l
i
c
y
p
a
p
e
r
p
r
o
v
i
d
i
n
g
a
n
o
v
e
r
v
i
e
w
o
f
A
C
T
e
m
p
l
o
y
m
e
n
t
b
y
i
n
d
u
s
t
r
y
o
v
e
r
t
h
e
p
a
s
t
2
0
y
e
a
r
s
.
131
ECONOMIC DEVELOPMENT DIRECTORATE
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
S
t
a
t
e
m
e
n
t
o
f
P
e
r
f
o
r
m
a
n
c
e
F
o
r
t
h
e
Y
e
a
r
E
n
d
e
d
3
0
J
u
n
e
2
0
1
3
O
u
t
p
u
t
C
l
a
s
s
1
:
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
O
u
t
p
u
t
1
.
2
:
B
u
s
i
n
e
s
s
D
e
v
e
l
o
p
m
e
n
t
O
u
t
p
u
t
D
e
s
c
r
i
p
t
i
o
n
:
T
h
e
D
i
r
e
c
t
o
r
a
t
e
w
i
l
l
p
r
o
v
i
d
e
p
r
o
g
r
a
m
s
,
i
n
i
t
i
a
t
i
v
e
s
a
n
d
b
u
s
i
n
e
s
s
p
o
l
i
c
y
a
d
v
i
c
e
t
o
s
u
p
p
o
r
t
b
u
s
i
n
e
s
s
d
e
v
e
l
o
p
m
e
n
t
i
n
t
h
e
A
C
T
,
i
n
c
l
u
d
i
n
g
:
d
e
l
i
v
e
r
i
n
g
b
u
s
i
n
e
s
s
p
r
o
g
r
a
m
s
a
n
d
s
e
r
v
i
c
e
s
;
m
a
n
a
g
i
n
g
r
e
l
a
t
i
o
n
s
h
i
p
s
w
i
t
h
k
e
y
s
t
a
k
e
h
o
l
d
e
r
s
i
n
t
h
e
A
C
T
i
n
n
o
v
a
t
i
o
n
s
y
s
t
e
m
i
n
c
l
u
d
i
n
g
u
n
i
v
e
r
s
i
t
i
e
s
,
r
e
s
e
a
r
c
h
o
r
g
a
n
i
s
a
t
i
o
n
s
,
c
o
m
m
e
r
c
i
a
l
i
s
a
t
i
o
n
e
n
t
i
t
i
e
s
,
b
u
s
i
n
e
s
s
o
r
g
a
n
i
s
a
t
i
o
n
s
a
n
d
o
t
h
e
r
g
o
v
e
r
n
m
e
n
t
a
g
e
n
c
i
e
s
;
d
e
l
i
v
e
r
i
n
g
t
h
e
S
k
i
l
l
e
d
a
n
d
B
u
s
i
n
e
s
s
M
i
g
r
a
t
i
o
n
P
r
o
g
r
a
m
;
s
u
p
p
o
r
t
i
n
g
a
c
t
i
v
i
t
i
e
s
t
h
a
t
p
r
o
m
o
t
e
t
h
e
e
c
o
n
o
m
i
c
d
e
v
e
l
o
p
m
e
n
t
o
f
t
h
e
b
r
o
a
d
e
r
c
a
p
i
t
a
l
r
e
g
i
o
n
;
a
n
d
p
a
r
t
i
c
i
p
a
t
i
n
g
a
c
t
i
v
e
l
y
i
n
b
u
s
i
n
e
s
s
a
n
d
i
n
n
o
v
a
t
i
o
n
p
o
l
i
c
y
f
o
r
u
m
s
,
i
n
c
l
u
d
i
n
g
M
i
n
i
s
t
e
r
i
a
l
c
o
u
n
c
i
l
s
a
n
d
o
t
h
e
r
n
a
t
i
o
n
a
l
b
u
s
i
n
e
s
s
,
i
n
n
o
v
a
t
i
o
n
a
n
d
s
c
i
e
n
c
e
i
n
f
r
a
s
t
r
u
c
t
u
r
e
f
o
r
u
m
s
.
A
c
c
o
u
n
t
a
b
i
l
i
t
y
I
n
d
i
c
a
t
o
r
O
r
i
g
i
n
a
l
T
a
r
g
e
t
2
0
1
2
-
1
3
A
c
t
u
a
l
R
e
s
u
l
t
2
0
1
2
-
1
3
V
a
r
i
a
n
c
e
%
E
x
p
l
a
n
a
t
i
o
n
o
f
m
a
t
e
r
i
a
l
v
a
r
i
a
n
c
e
s
T
o
t
a
l
C
o
s
t
(
$
0
0
0
)
1
2
,
0
9
3
1
2
,
0
4
5
(
0
.
4
%
)
N
o
t
a
p
p
l
i
c
a
b
l
e
G
o
v
e
r
n
m
e
n
t
P
a
y
m
e
n
t
f
o
r
O
u
t
p
u
t
s
(
$
0
0
0
)
1
1
,
9
1
8
1
1
,
0
8
8
(
7
%
)
T
h
e
v
a
r
i
a
n
c
e
i
s
d
u
e
t
o
t
h
e
r
o
l
l
o
v
e
r
o
f
p
r
o
g
r
a
m
f
u
n
d
i
n
g
f
o
r
T
r
a
d
e
C
o
n
n
e
c
t
(
-
$
0
.
1
8
m
)
,
I
n
n
o
v
a
t
i
o
n
C
o
n
n
e
c
t
(
-
$
0
.
6
4
m
)
a
n
d
t
h
e
S
e
a
m
l
e
s
s
N
a
t
i
o
n
a
l
E
c
o
n
o
m
y
(
-
$
0
.
0
5
m
)
o
f
f
s
e
t
b
y
p
r
o
v
i
s
i
o
n
o
f
a
T
r
e
a
s
u
r
e
r
s
A
d
v
a
n
c
e
f
u
n
d
i
n
g
f
o
r
Y
o
u
n
g
P
i
o
n
e
e
r
s
p
r
o
g
r
a
m
(
$
0
.
0
4
m
)
.
132
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
S
t
a
t
e
m
e
n
t
o
f
P
e
r
f
o
r
m
a
n
c
e
F
o
r
t
h
e
Y
e
a
r
E
n
d
e
d
3
0
J
u
n
e
2
0
1
3
O
u
t
p
u
t
C
l
a
s
s
1
:
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
O
u
t
p
u
t
1
.
2
:
B
u
s
i
n
e
s
s
D
e
v
e
l
o
p
m
e
n
t
-
C
o
n
t
i
n
u
e
d
A
c
c
o
u
n
t
a
b
i
l
i
t
y
I
n
d
i
c
a
t
o
r
O
r
i
g
i
n
a
l
T
a
r
g
e
t
2
0
1
2
-
1
3
A
c
t
u
a
l
R
e
s
u
l
t
2
0
1
2
-
1
3
V
a
r
i
a
n
c
e
%
E
x
p
l
a
n
a
t
i
o
n
o
f
m
a
t
e
r
i
a
l
v
a
r
i
a
n
c
e
s
a
.
R
a
t
e
o
f
c
o
n
t
a
c
t
a
n
d
e
n
g
a
g
e
m
e
n
t
o
f
l
o
c
a
l
b
u
s
i
n
e
s
s
e
s
a
n
d
e
n
t
r
e
p
r
e
n
e
u
r
s
t
o
t
h
e
A
C
T
G
o
v
e
r
n
m
e
n
t
s
b
u
s
i
n
e
s
s
d
e
v
e
l
o
p
m
e
n
t
p
r
o
g
r
a
m
s
:
I
n
n
o
v
a
t
i
o
n
C
o
n
n
e
c
t
n
e
w
c
l
i
e
n
t
c
o
n
n
e
c
t
i
o
n
s
I
n
n
o
v
a
t
i
o
n
C
o
n
n
e
c
t
s
u
c
c
e
s
s
f
u
l
g
r
a
n
t
a
p
p
l
i
c
a
t
i
o
n
s
C
l
e
a
n
t
e
c
h
s
e
c
t
o
r
n
e
w
c
l
i
e
n
t
c
o
n
n
e
c
t
i
o
n
s
C
l
e
a
n
t
e
c
h
s
e
c
t
o
r
s
u
c
c
e
s
s
f
u
l
g
r
a
n
t
a
p
p
l
i
c
a
t
i
o
n
s
C
a
n
b
e
r
r
a
B
u
s
i
n
e
s
s
P
o
i
n
t
o
n
e
-
t
o
-
o
n
e
a
d
v
i
s
o
r
y
s
e
r
v
i
c
e
s
C
a
n
b
e
r
r
a
B
u
s
i
n
e
s
s
P
o
i
n
t
o
n
e
-
t
o
-
m
a
n
y
a
d
v
i
s
o
r
y
s
e
r
v
i
c
e
s
5
0
2
0
53
3
0
0
5
5
0
8
0
2
6
73
2
8
9
4
1
2
6
0
%
3
0
%
4
0
%
-
(
3
.
7
%
)
(
2
5
.
1
%
)
T
h
e
I
n
n
o
v
a
t
i
o
n
C
o
n
n
e
c
t
a
n
d
C
l
e
a
n
T
e
c
h
P
r
o
g
r
a
m
s
c
o
n
t
i
n
u
e
t
o
a
t
t
r
a
c
t
s
t
r
o
n
g
i
n
t
e
r
e
s
t
i
n
t
h
e
m
a
r
k
e
t
.
A
b
e
t
t
e
r
c
o
n
n
e
c
t
e
d
i
n
n
o
v
a
t
i
o
n
s
y
s
t
e
m
i
n
t
h
e
A
C
T
i
s
d
r
i
v
i
n
g
m
o
r
e
r
e
f
e
r
r
a
l
s
t
o
A
C
T
G
o
v
e
r
n
m
e
n
t
i
n
n
o
v
a
t
i
o
n
p
r
o
g
r
a
m
s
.
N
o
t
a
p
p
l
i
c
a
b
l
e
N
o
t
a
p
p
l
i
c
a
b
l
e
O
n
e
-
t
o
-
m
a
n
y
s
e
r
v
i
c
e
s
a
r
e
p
r
i
n
c
i
p
a
l
l
y
n
e
t
w
o
r
k
i
n
g
o
r
g
r
o
u
p
t
r
a
i
n
i
n
g
a
c
t
i
v
i
t
i
e
s
d
e
l
i
v
e
r
e
d
b
y
L
i
g
h
t
h
o
u
s
e
B
u
s
i
n
e
s
s
I
n
n
o
v
a
t
i
o
n
C
e
n
t
r
e
a
g
a
i
n
s
t
t
h
e
M
o
d
u
l
e
2
s
e
r
v
i
c
e
c
o
n
t
r
a
c
t
.
D
u
r
i
n
g
2
0
1
2
-
1
3
L
i
g
h
t
h
o
u
s
e
d
e
v
e
l
o
p
e
d
a
n
u
m
b
e
r
o
f
n
e
w
p
r
o
d
u
c
t
s
a
n
d
s
e
r
v
i
c
e
s
t
h
a
t
w
e
r
e
u
n
d
e
r
s
u
b
s
c
r
i
b
e
d
i
n
a
c
t
u
a
l
a
t
t
e
n
d
a
n
c
e
.
L
i
g
h
t
h
o
u
s
e
r
e
p
o
r
t
e
d
t
h
a
t
b
u
s
i
n
e
s
s
e
v
e
n
t
a
t
t
e
n
d
a
n
c
e
w
a
s
i
n
e
x
p
l
i
c
a
b
l
y
w
e
a
k
e
r
t
h
r
o
u
g
h
t
h
i
s
p
e
r
i
o
d
;
a
t
r
e
n
d
e
x
p
e
r
i
e
n
c
e
d
b
y
o
t
h
e
r
p
r
o
v
i
d
e
r
s
.
I
t
i
s
e
x
p
e
c
t
e
d
t
h
e
s
e
n
u
m
b
e
r
s
w
i
l
l
i
n
c
r
e
a
s
e
d
u
r
i
n
g
2
0
1
3
-
1
4
.
133
ECONOMIC DEVELOPMENT DIRECTORATE
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
S
t
a
t
e
m
e
n
t
o
f
P
e
r
f
o
r
m
a
n
c
e
F
o
r
t
h
e
Y
e
a
r
E
n
d
e
d
3
0
J
u
n
e
2
0
1
3
O
u
t
p
u
t
C
l
a
s
s
1
:
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
O
u
t
p
u
t
1
.
2
:
B
u
s
i
n
e
s
s
D
e
v
e
l
o
p
m
e
n
t
-
C
o
n
t
i
n
u
e
d
A
c
c
o
u
n
t
a
b
i
l
i
t
y
I
n
d
i
c
a
t
o
r
O
r
i
g
i
n
a
l
T
a
r
g
e
t
2
0
1
2
-
1
3
A
c
t
u
a
l
R
e
s
u
l
t
2
0
1
2
-
1
3
V
a
r
i
a
n
c
e
%
E
x
p
l
a
n
a
t
i
o
n
o
f
m
a
t
e
r
i
a
l
v
a
r
i
a
n
c
e
s
b
.
G
l
o
b
a
l
C
o
n
n
e
c
t
O
f
f
s
h
o
r
e
t
r
a
d
e
d
e
v
e
l
o
p
m
e
n
t
m
i
s
s
i
o
n
s
T
r
a
d
e
C
o
n
n
e
c
t
g
r
a
n
t
s
d
e
l
i
v
e
r
e
d
2
1
2
2
3
9
-
2
2
5
%
N
o
t
a
p
p
l
i
c
a
b
l
e
M
o
r
e
c
o
m
p
a
n
i
e
s
r
e
c
e
i
v
e
d
s
u
p
p
o
r
t
f
o
r
a
r
a
n
g
e
o
f
m
a
r
k
e
t
d
e
v
e
l
o
p
m
e
n
t
a
n
d
T
r
a
d
e
M
i
s
s
i
o
n
a
c
t
i
v
i
t
i
e
s
t
h
a
n
a
n
t
i
c
i
p
a
t
e
d
.
c
.
I
n
v
e
s
t
m
e
n
t
F
a
c
i
l
i
t
a
t
i
o
n
A
C
T
I
n
v
e
s
t
m
e
n
t
P
r
o
s
p
e
c
t
u
s
K
e
y
C
o
m
p
a
n
y
P
r
o
g
r
a
m
c
l
i
e
n
t
c
o
n
n
e
c
t
i
o
n
s
A
u
s
t
r
a
d
e
F
o
r
e
i
g
n
I
n
v
e
s
t
m
e
n
t
L
e
a
d
s
s
u
p
p
o
r
t
e
d
t
h
r
o
u
g
h
A
C
T
r
e
s
p
o
n
s
e
s
1
3
0
6
16
4
2
-
(
8
0
%
)
6
0
0
%
N
o
t
a
p
p
l
i
c
a
b
l
e
K
e
y
c
o
m
p
a
n
y
p
r
o
g
r
a
m
d
e
l
i
v
e
r
y
h
a
s
b
e
e
n
d
e
l
a
y
e
d
a
s
p
r
i
o
r
i
t
y
w
a
s
g
i
v
e
n
t
o
a
d
d
r
e
s
s
i
n
g
l
e
a
d
s
f
r
o
m
A
u
s
t
r
a
d
e
a
n
d
o
t
h
e
r
s
o
u
r
c
e
s
.
T
h
e
P
r
o
g
r
a
m
s
a
l
i
g
n
m
e
n
t
w
i
t
h
i
n
a
m
o
r
e
p
r
o
a
c
t
i
v
e
i
n
v
e
s
t
m
e
n
t
p
r
o
m
o
t
i
o
n
m
o
d
e
l
i
s
b
e
i
n
g
r
e
v
i
e
w
e
d
.
A
f
o
c
u
s
o
n
s
t
r
e
n
g
t
h
e
n
i
n
g
t
h
e
l
e
a
d
p
i
p
e
l
i
n
e
t
h
r
o
u
g
h
a
f
u
l
l
e
r
p
a
r
t
n
e
r
s
h
i
p
m
o
d
e
l
w
i
t
h
A
u
s
t
r
a
d
e
h
a
s
r
e
s
u
l
t
e
d
i
n
a
m
u
c
h
s
t
r
o
n
g
e
r
t
h
a
n
a
n
t
i
c
i
p
a
t
e
d
n
u
m
b
e
r
o
f
i
n
v
e
s
t
m
e
n
t
l
e
a
d
s
.
134
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
S
t
a
t
e
m
e
n
t
o
f
P
e
r
f
o
r
m
a
n
c
e
F
o
r
t
h
e
Y
e
a
r
E
n
d
e
d
3
0
J
u
n
e
2
0
1
3
O
u
t
p
u
t
C
l
a
s
s
1
:
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
O
u
t
p
u
t
1
.
2
:
B
u
s
i
n
e
s
s
D
e
v
e
l
o
p
m
e
n
t
-
C
o
n
t
i
n
u
e
d
A
c
c
o
u
n
t
a
b
i
l
i
t
y
I
n
d
i
c
a
t
o
r
O
r
i
g
i
n
a
l
T
a
r
g
e
t
2
0
1
2
-
1
3
A
c
t
u
a
l
R
e
s
u
l
t
2
0
1
2
-
1
3
V
a
r
i
a
n
c
e
%
E
x
p
l
a
n
a
t
i
o
n
o
f
m
a
t
e
r
i
a
l
v
a
r
i
a
n
c
e
s
d
.
S
k
i
l
l
e
d
M
i
g
r
a
t
i
o
n
A
t
t
r
a
c
t
i
o
n
a
n
d
F
a
c
i
l
i
t
a
t
i
o
n
E
m
p
l
o
y
e
r
S
p
o
n
s
o
r
e
d
c
e
r
t
i
f
i
e
d
S
k
i
l
l
e
d
I
n
d
e
p
e
n
d
e
n
t
c
e
r
t
i
f
i
e
d
7
2
0
5
0
0
4
3
4
6
9
5
(
3
9
.
7
%
)
3
9
%
A
s
p
i
k
e
i
n
i
n
t
e
r
e
s
t
i
n
M
a
y
a
n
d
J
u
n
e
2
0
1
2
,
p
r
i
o
r
t
o
t
h
e
i
m
p
l
e
m
e
n
t
a
t
i
o
n
o
f
C
o
m
m
o
n
w
e
a
l
t
h
v
i
s
a
r
e
f
o
r
m
s
(
o
n
1
J
u
l
y
2
0
1
2
)
,
r
e
s
u
l
t
e
d
i
n
a
n
a
n
o
m
a
l
y
i
n
e
n
d
o
f
y
e
a
r
e
m
p
l
o
y
e
r
s
p
o
n
s
o
r
e
d
a
p
p
l
i
c
a
t
i
o
n
s
.
T
h
i
s
o
u
t
c
o
m
e
w
a
s
u
s
e
d
a
s
t
h
e
b
a
s
i
s
f
o
r
t
h
e
2
0
1
2
-
1
3
t
a
r
g
e
t
o
f
7
2
0
r
a
t
h
e
r
t
h
a
n
b
e
i
n
g
b
a
s
e
d
o
n
p
r
e
v
i
o
u
s
y
e
a
r
a
v
e
r
a
g
e
s
.
T
h
e
r
e
a
r
e
a
n
u
m
b
e
r
o
f
v
a
r
i
a
b
l
e
s
t
h
a
t
c
a
n
a
f
f
e
c
t
t
h
e
v
o
l
u
m
e
o
f
a
p
p
l
i
c
a
t
i
o
n
s
r
e
c
e
i
v
e
d
b
y
t
h
e
A
C
T
G
o
v
e
r
n
m
e
n
t
f
o
r
p
r
o
c
e
s
s
i
n
g
o
n
a
m
o
n
t
h
b
y
m
o
n
t
h
b
a
s
i
s
.
T
h
e
s
e
i
n
c
l
u
d
e
m
a
j
o
r
a
n
d
m
i
n
o
r
c
h
a
n
g
e
s
s
e
t
b
y
t
h
e
C
o
m
m
o
n
w
e
a
l
t
h
.
e
.
C
o
l
l
a
b
I
T
N
e
t
w
o
r
k
i
n
g
e
v
e
n
t
s
B
u
s
i
n
e
s
s
c
o
n
n
e
c
t
i
o
n
s
3
0
1
4
0
1
7
3
1
5
(
4
3
.
3
%
)
1
2
5
%
T
h
e
v
a
r
i
a
n
c
e
r
e
l
a
t
e
s
t
o
t
h
e
n
e
g
o
t
i
a
t
i
o
n
o
f
a
n
e
w
f
u
n
d
i
n
g
a
g
r
e
e
m
e
n
t
w
i
t
h
a
s
h
i
f
t
i
n
e
m
p
h
a
s
i
s
f
r
o
m
e
v
e
n
t
s
t
o
f
a
c
i
l
i
t
a
t
i
n
g
b
u
s
i
n
e
s
s
c
o
n
n
e
c
t
i
o
n
s
.
f
.
S
c
r
e
e
n
A
C
T
P
r
o
f
e
s
s
i
o
n
a
l
d
e
v
e
l
o
p
m
e
n
t
A
C
T
F
i
l
m
F
u
n
d
a
p
p
l
i
c
a
t
i
o
n
s
1
0
0
1
2
2
0
3
1
1
1
0
3
%
(
8
.
3
%
)
T
w
o
s
i
g
n
i
f
i
c
a
n
t
i
n
i
t
i
a
t
i
v
e
s
,
t
h
e
A
n
t
h
o
l
o
g
y
F
e
a
t
u
r
e
P
o
d
a
n
d
t
h
e
L
o
w
B
u
d
g
e
t
F
e
a
t
u
r
e
P
o
d
,
d
r
e
w
i
n
t
e
r
e
s
t
f
r
o
m
a
l
a
r
g
e
r
t
h
a
n
e
x
p
e
c
t
e
d
n
u
m
b
e
r
o
f
s
t
a
k
e
h
o
l
d
e
r
s
.
S
e
m
i
n
a
r
s
,
w
o
r
k
s
h
o
p
s
a
n
d
p
r
e
s
e
n
t
a
t
i
o
n
s
o
n
a
r
a
n
g
e
o
f
s
u
b
j
e
c
t
s
w
e
r
e
a
l
s
o
h
e
l
d
.
N
o
a
p
p
l
i
c
a
t
i
o
n
s
w
e
r
e
r
e
c
e
i
v
e
d
i
n
t
h
e
f
i
n
a
l
f
u
n
d
i
n
g
r
o
u
n
d
2
0
1
2
-
1
3
.
135
ECONOMIC DEVELOPMENT DIRECTORATE
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
S
t
a
t
e
m
e
n
t
o
f
P
e
r
f
o
r
m
a
n
c
e
F
o
r
t
h
e
Y
e
a
r
E
n
d
e
d
3
0
J
u
n
e
2
0
1
3
O
u
t
p
u
t
1
.
2
:
B
u
s
i
n
e
s
s
D
e
v
e
l
o
p
m
e
n
t
-
C
o
n
t
i
n
u
e
d
E
x
p
l
a
n
a
t
i
o
n
o
f
a
c
c
o
u
n
t
a
b
i
l
i
t
y
i
n
d
i
c
a
t
o
r
:
a
.
T
h
i
s
i
n
d
i
c
a
t
o
r
t
r
a
c
k
s
r
a
t
e
s
o
f
c
o
n
t
a
c
t
s
a
n
d
e
n
g
a
g
e
m
e
n
t
b
e
t
w
e
e
n
t
h
e
A
C
T
G
o
v
e
r
n
m
e
n
t
s
i
n
n
o
v
a
t
i
o
n
a
n
d
b
u
s
i
n
e
s
s
a
d
v
i
s
o
r
y
p
r
o
g
r
a
m
s
.
I
n
n
o
v
a
t
i
o
n
C
o
n
n
e
c
t
p
r
o
v
i
d
e
s
e
a
r
l
y
s
t
a
g
e
c
o
m
m
e
r
c
i
a
l
i
s
a
t
i
o
n
g
r
a
n
t
s
f
o
r
e
n
t
e
r
p
r
i
s
e
t
o
p
r
o
v
e
n
e
w
t
e
c
h
n
o
l
o
g
i
e
s
o
r
a
c
c
e
l
e
r
a
t
e
t
h
e
c
o
m
m
e
r
c
i
a
l
i
s
a
t
i
o
n
o
f
n
o
v
e
l
s
o
l
u
t
i
o
n
s
.
T
h
e
a
c
t
u
a
l
r
e
s
u
l
t
s
f
o
r
I
n
n
o
v
a
t
i
o
n
C
o
n
n
e
c
t
n
e
w
c
l
i
e
n
t
c
o
n
n
e
c
t
i
o
n
s
a
n
d
I
n
n
o
v
a
t
i
o
n
C
o
n
n
e
c
t
s
u
c
c
e
s
s
f
u
l
g
r
a
n
t
a
p
p
l
i
c
a
t
i
o
n
s
i
n
c
l
u
d
e
t
h
e
a
c
t
u
a
l
r
e
s
u
l
t
f
o
r
C
l
e
a
n
T
e
c
h
n
o
l
o
g
y
(
C
l
e
a
n
t
e
c
h
)
n
e
w
c
l
i
e
n
t
c
o
n
n
e
c
t
i
o
n
s
a
n
d
s
u
c
c
e
s
s
f
u
l
g
r
a
n
t
a
p
p
l
i
c
a
t
i
o
n
s
.
C
l
e
a
n
t
e
c
h
i
s
a
r
e
s
e
r
v
e
d
f
u
n
d
i
n
g
s
t
r
e
a
m
f
o
r
s
u
s
t
a
i
n
a
b
i
l
i
t
y
o
r
i
e
n
t
e
d
c
o
m
p
a
n
i
e
s
i
n
t
h
e
c
o
m
p
a
n
y
g
r
a
n
t
s
s
t
r
e
a
m
.
C
a
n
b
e
r
r
a
B
u
s
i
n
e
s
s
P
o
i
n
t
i
s
d
e
l
i
v
e
r
e
d
i
n
t
w
o
m
o
d
u
l
e
s
.
M
o
d
u
l
e
1
,
d
e
l
i
v
e
r
e
d
b
y
t
h
e
C
a
n
b
e
r
r
a
B
u
s
i
n
e
s
s
C
o
u
n
c
i
l
,
p
r
o
v
i
d
e
s
a
d
v
i
c
e
t
o
b
u
s
i
n
e
s
s
s
t
a
r
t
u
p
s
a
n
d
b
u
s
i
n
e
s
s
i
n
t
e
n
d
e
r
s
a
s
w
e
l
l
a
s
w
o
r
k
s
h
o
p
s
o
n
k
e
y
i
s
s
u
e
s
f
a
c
i
n
g
s
m
a
l
l
b
u
s
i
n
e
s
s
e
s
.
M
o
d
u
l
e
2
,
d
e
l
i
v
e
r
e
d
b
y
t
h
e
L
i
g
h
t
h
o
u
s
e
B
u
s
i
n
e
s
s
I
n
n
o
v
a
t
i
o
n
C
e
n
t
r
e
,
i
s
f
o
c
u
s
s
e
d
o
n
h
i
g
h
g
r
o
w
t
h
p
o
t
e
n
t
i
a
l
b
u
s
i
n
e
s
s
e
s
a
n
d
e
n
t
r
e
p
r
e
n
e
u
r
s
p
r
o
v
i
d
i
n
g
a
d
v
i
c
e
a
n
d
g
u
i
d
a
n
c
e
o
n
c
o
m
m
e
r
c
i
a
l
i
s
i
n
g
n
o
v
e
l
t
e
c
h
n
o
l
o
g
i
e
s
a
n
d
s
o
l
u
t
i
o
n
s
.
b
.
T
h
i
s
i
n
d
i
c
a
t
o
r
f
a
c
i
l
i
t
a
t
e
s
m
e
a
s
u
r
e
m
e
n
t
o
f
A
C
T
G
o
v
e
r
n
m
e
n
t
t
r
a
d
e
m
i
s
s
i
o
n
a
c
t
i
v
i
t
y
s
u
p
p
o
r
t
i
n
g
A
C
T
b
u
s
i
n
e
s
s
e
s
a
n
d
i
n
s
t
i
t
u
t
i
o
n
s
t
o
d
e
v
e
l
o
p
a
n
d
g
r
o
w
e
x
p
o
r
t
m
a
r
k
e
t
s
.
T
r
a
d
e
C
o
n
n
e
c
t
i
s
a
c
o
m
p
e
t
i
t
i
v
e
g
r
a
n
t
p
r
o
g
r
a
m
a
i
m
e
d
a
t
a
s
s
i
s
t
i
n
g
C
a
n
b
e
r
r
a
c
o
m
p
a
n
i
e
s
d
e
v
e
l
o
p
e
x
p
o
r
t
m
a
r
k
e
t
s
b
y
p
r
o
v
i
d
i
n
g
f
u
n
d
i
n
g
s
u
p
p
o
r
t
f
o
r
a
r
a
n
g
e
o
f
m
a
r
k
e
t
d
e
v
e
l
o
p
m
e
n
t
a
c
t
i
v
i
t
i
e
s
.
3
9
c
o
m
p
a
n
i
e
s
w
e
r
e
s
u
p
p
o
r
t
e
d
w
i
t
h
T
r
a
d
e
C
o
n
n
e
c
t
f
u
n
d
i
n
g
.
T
h
i
s
i
n
c
l
u
d
e
d
t
r
a
d
e
c
o
n
n
e
c
t
f
u
n
d
i
n
g
t
o
s
u
p
p
o
r
t
1
0
c
o
m
p
a
n
i
e
s
t
h
a
t
p
a
r
t
i
c
i
p
a
t
e
d
o
n
t
h
e
I
n
d
o
n
e
s
i
a
T
r
a
d
e
M
i
s
s
i
o
n
a
n
d
1
0
c
o
m
p
a
n
i
e
s
t
h
a
t
p
a
r
t
i
c
i
p
a
t
e
d
o
n
t
h
e
S
c
r
e
e
n
A
C
T
F
i
l
m
D
u
M
a
r
c
h
e
T
r
a
d
e
M
i
s
s
i
o
n
.
c
.
T
h
i
s
i
n
d
i
c
a
t
o
r
f
a
c
i
l
i
t
a
t
e
s
m
e
a
s
u
r
e
m
e
n
t
o
f
i
n
t
e
r
i
m
i
n
i
t
i
a
t
i
v
e
s
t
h
a
t
w
e
r
e
e
n
v
i
s
a
g
e
d
t
o
f
o
l
l
o
w
t
h
e
2
0
1
2
-
1
3
e
s
t
a
b
l
i
s
h
m
e
n
t
o
f
t
h
e
A
C
T
G
o
v
e
r
n
m
e
n
t
i
n
v
e
s
t
m
e
n
t
p
r
o
m
o
t
i
o
n
a
g
e
n
c
y
,
I
n
v
e
s
t
A
C
T
.
T
h
e
s
e
i
n
i
t
i
a
t
i
v
e
s
r
e
l
a
t
e
t
o
t
h
e
d
e
v
e
l
o
p
m
e
n
t
o
f
m
a
r
k
e
t
i
n
g
c
o
l
l
a
t
e
r
a
l
t
o
p
r
o
m
o
t
e
C
a
n
b
e
r
r
a
a
s
a
n
a
t
t
r
a
c
t
i
v
e
i
n
v
e
s
t
m
e
n
t
d
e
s
t
i
n
a
t
i
o
n
,
t
h
e
f
a
c
i
l
i
t
a
t
i
o
n
o
f
i
n
v
e
s
t
o
r
s
t
h
a
t
a
l
r
e
a
d
y
h
a
v
e
a
p
r
e
s
e
n
c
e
i
n
C
a
n
b
e
r
r
a
a
n
d
t
h
e
s
t
r
e
n
g
t
h
e
n
i
n
g
o
f
a
n
i
n
v
e
s
t
m
e
n
t
l
e
a
d
p
i
p
e
l
i
n
e
.
I
n
l
i
n
e
w
i
t
h
a
m
o
r
e
p
r
o
a
c
t
i
v
e
a
p
p
r
o
a
c
h
t
o
i
n
v
e
s
t
m
e
n
t
p
r
o
m
o
t
i
o
n
,
a
t
a
i
l
o
r
e
d
i
n
v
e
s
t
m
e
n
t
p
r
o
s
p
e
c
t
u
s
w
a
s
d
e
v
e
l
o
p
e
d
f
o
r
p
o
t
e
n
t
i
a
l
h
o
t
e
l
s
i
t
e
s
i
n
C
a
n
b
e
r
r
a
s
C
B
D
a
r
e
a
,
r
a
t
h
e
r
t
h
a
n
a
g
e
n
e
r
i
c
i
n
v
e
s
t
m
e
n
t
p
r
o
m
o
t
i
o
n
d
o
c
u
m
e
n
t
(
a
s
p
e
r
p
r
e
v
i
o
u
s
a
p
p
r
o
a
c
h
)
t
h
a
t
d
i
d
n
o
t
c
l
e
a
r
l
y
m
e
s
s
a
g
e
t
o
i
n
v
e
s
t
o
r
s
t
h
e
a
c
t
u
a
l
i
n
v
e
s
t
m
e
n
t
o
p
p
o
r
t
u
n
i
t
i
e
s
i
n
t
h
e
A
C
T
.
I
n
2
0
1
3
-
1
4
,
a
m
o
r
e
d
e
t
a
i
l
e
d
i
n
v
e
s
t
m
e
n
t
s
t
r
a
t
e
g
y
w
i
l
l
b
e
d
e
v
e
l
o
p
e
d
t
h
a
t
i
s
c
a
r
e
f
u
l
l
y
t
a
r
g
e
t
e
d
t
o
w
a
r
d
s
a
c
h
i
e
v
i
n
g
s
p
e
c
i
f
i
c
r
e
s
u
l
t
s
a
n
d
i
s
l
i
n
k
e
d
t
o
a
t
a
i
l
o
r
e
d
i
n
v
e
s
t
m
e
n
t
p
r
o
m
o
t
i
o
n
a
p
p
r
o
a
c
h
.
d
.
T
h
i
s
i
n
d
i
c
a
t
o
r
f
a
c
i
l
i
t
a
t
e
s
m
e
a
s
u
r
e
m
e
n
t
o
f
o
n
g
o
i
n
g
p
r
o
g
r
a
m
d
e
l
i
v
e
r
y
w
i
t
h
i
n
e
s
t
a
b
l
i
s
h
e
d
c
o
m
m
o
n
w
e
a
l
t
h
g
o
v
e
r
n
m
e
n
t
p
o
l
i
c
y
p
a
r
a
m
e
t
e
r
s
.
T
h
e
r
e
a
r
e
a
n
u
m
b
e
r
o
f
v
a
r
i
a
b
l
e
s
t
h
a
t
c
a
n
a
f
f
e
c
t
t
h
e
v
o
l
u
m
e
o
f
v
i
s
a
a
p
p
l
i
c
a
t
i
o
n
s
r
e
c
e
i
v
e
d
b
y
t
h
e
A
C
T
G
o
v
e
r
n
m
e
n
t
f
o
r
p
r
o
c
e
s
s
i
n
g
o
n
a
m
o
n
t
h
b
y
m
o
n
t
h
b
a
s
i
s
.
T
h
e
s
e
i
n
c
l
u
d
e
m
a
j
o
r
a
n
d
m
i
n
o
r
c
h
a
n
g
e
s
s
e
t
b
y
t
h
e
C
o
m
m
o
n
w
e
a
l
t
h
s
u
c
h
a
s
m
a
j
o
r
c
h
a
n
g
e
s
t
h
a
t
h
a
v
e
s
i
g
n
i
f
i
c
a
n
t
i
m
p
a
c
t
o
n
v
i
s
a
e
l
i
g
i
b
i
l
i
t
y
,
i
n
c
l
u
d
i
n
g
t
h
o
s
e
t
h
a
t
w
e
r
e
i
m
p
l
e
m
e
n
t
e
d
o
n
1
J
u
l
y
2
0
1
2
;
a
n
d
m
i
n
o
r
c
h
a
n
g
e
s
t
h
a
t
e
n
c
o
u
r
a
g
e
a
p
p
l
i
c
a
n
t
s
t
o
b
r
i
n
g
f
o
r
w
a
r
d
t
h
e
i
r
a
p
p
l
i
c
a
t
i
o
n
s
u
c
h
a
s
t
h
e
i
n
c
r
e
a
s
i
n
g
o
f
a
p
p
l
i
c
a
t
i
o
n
f
e
e
s
.
A
c
t
i
v
i
t
i
e
s
f
o
r
t
h
e
p
e
r
i
o
d
i
n
c
l
u
d
e
:
t
h
e
i
m
p
l
e
m
e
n
t
a
t
i
o
n
o
f
t
h
e
o
n
l
i
n
e
s
k
i
l
l
e
d
m
i
g
r
a
t
i
o
n
p
r
o
c
e
s
s
i
n
g
s
y
s
t
e
m
i
n
c
o
r
p
o
r
a
t
i
n
g
C
a
n
b
e
r
r
a
C
r
e
a
t
e
y
o
u
r
F
u
t
u
r
e
b
r
a
n
d
i
n
g
,
f
a
c
e
b
o
o
k
p
r
e
s
e
n
c
e
,
C
u
s
t
o
m
e
r
R
e
l
a
t
i
o
n
s
h
i
p
M
a
n
a
g
e
m
e
n
t
a
n
d
o
n
l
i
n
e
a
p
p
l
i
c
a
t
i
o
n
s
y
s
t
e
m
.
A
t
t
e
n
d
a
n
c
e
a
n
d
i
n
p
u
t
a
t
b
i
-
a
n
n
u
a
l
S
k
i
l
l
e
d
M
i
g
r
a
t
i
o
n
O
f
f
i
c
i
a
l
s
G
r
o
u
p
p
r
e
v
i
o
u
s
l
y
t
h
e
C
o
m
m
o
n
w
e
a
l
t
h
S
t
a
t
e
W
o
r
k
i
n
g
P
a
r
t
y
o
n
S
k
i
l
l
e
d
M
i
g
r
a
t
i
o
n
.
e
.
T
h
i
s
i
n
d
i
c
a
t
o
r
f
a
c
i
l
i
t
a
t
e
s
m
e
a
s
u
r
e
m
e
n
t
o
f
t
h
e
p
r
o
g
r
e
s
s
o
f
t
h
e
C
o
l
l
a
b
I
T
A
C
T
p
r
o
g
r
a
m
w
h
i
c
h
i
s
d
e
l
i
v
e
r
e
d
u
n
d
e
r
c
o
n
t
r
a
c
t
b
y
t
h
e
A
u
s
t
r
a
l
i
a
n
I
n
f
o
r
m
a
t
i
o
n
I
n
d
u
s
t
r
y
A
s
s
o
c
i
a
t
i
o
n
.
C
o
l
l
a
b
I
T
A
C
T
i
s
a
n
e
n
g
a
g
e
m
e
n
t
a
n
d
b
u
s
i
n
e
s
s
d
e
v
e
l
o
p
m
e
n
t
i
n
i
t
i
a
t
i
v
e
t
h
a
t
l
i
n
k
s
S
M
E
s
w
i
t
h
M
N
C
s
a
n
d
o
t
h
e
r
s
t
a
k
e
h
o
l
d
e
r
s
i
n
t
h
e
I
C
T
s
e
c
t
o
r
i
n
t
h
e
A
C
T
.
B
u
s
i
n
e
s
s
c
o
n
n
e
c
t
i
o
n
s
r
a
n
g
e
f
r
o
m
c
o
n
n
e
c
t
i
n
g
l
i
k
e
m
i
n
d
e
d
b
u
s
i
n
e
s
s
e
s
w
i
t
h
p
o
t
e
n
t
i
a
l
t
o
d
e
v
e
l
o
p
c
o
m
m
e
r
c
i
a
l
r
e
l
a
t
i
o
n
s
h
i
p
s
t
o
j
o
i
n
t
c
o
n
t
r
a
c
t
b
i
d
s
w
i
t
h
g
o
v
e
r
n
m
e
n
t
a
g
e
n
c
i
e
s
.
f
.
T
h
i
s
i
n
d
i
c
a
t
o
r
f
a
c
i
l
i
t
a
t
e
s
m
e
a
s
u
r
e
m
e
n
t
o
f
t
h
e
S
c
r
e
e
n
A
C
T
p
r
o
g
r
a
m
w
h
i
c
h
i
s
d
e
l
i
v
e
r
e
d
u
n
d
e
r
c
o
n
t
r
a
c
t
b
y
t
h
e
C
a
n
b
e
r
r
a
B
u
s
i
n
e
s
s
C
o
u
n
c
i
l
a
n
d
t
h
e
A
C
T
S
c
r
e
e
n
I
n
v
e
s
t
m
e
n
t
(
F
i
l
m
)
F
u
n
d
,
w
h
i
c
h
i
s
d
e
l
i
v
e
r
e
d
b
y
B
u
s
i
n
e
s
s
D
e
v
e
l
o
p
m
e
n
t
.
T
h
e
F
i
l
m
F
u
n
d
d
i
d
n
o
t
r
e
c
e
i
v
e
s
u
f
f
i
c
i
e
n
t
l
y
d
e
v
e
l
o
p
e
d
a
p
p
l
i
c
a
t
i
o
n
s
f
o
r
c
o
n
s
i
d
e
r
a
t
i
o
n
i
n
t
h
e
f
i
n
a
l
r
o
u
n
d
o
f
2
0
1
2
-
1
3
.
S
c
r
e
e
n
A
C
T
h
a
s
e
x
c
e
e
d
e
d
i
t
s
p
r
o
j
e
c
t
e
d
o
u
t
c
o
m
e
s
f
o
r
p
r
o
f
e
s
s
i
o
n
a
l
d
e
v
e
l
o
p
m
e
n
t
o
f
t
h
e
l
o
c
a
l
f
i
l
m
i
n
d
u
s
t
r
y
b
y
h
o
l
d
i
n
g
t
w
o
s
t
r
o
n
g
l
y
s
u
b
s
c
r
i
b
e
d
i
n
i
t
i
a
t
i
v
e
s
t
h
a
t
d
r
e
w
i
n
t
e
r
e
s
t
f
r
o
m
a
l
a
r
g
e
n
u
m
b
e
r
o
f
s
t
a
k
e
h
o
l
d
e
r
s
.
S
c
r
e
e
n
A
C
T
a
l
s
o
h
e
l
d
s
e
m
i
n
a
r
s
,
w
o
r
k
s
h
o
p
s
a
n
d
p
r
e
s
e
n
t
a
t
i
o
n
s
o
n
a
r
a
n
g
e
o
f
s
u
b
j
e
c
t
s
.
136
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
S
t
a
t
e
m
e
n
t
o
f
P
e
r
f
o
r
m
a
n
c
e
F
o
r
t
h
e
Y
e
a
r
E
n
d
e
d
3
0
J
u
n
e
2
0
1
3
O
u
t
p
u
t
C
l
a
s
s
1
:
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
O
u
t
p
u
t
1
.
3
:
T
o
u
r
i
s
m
O
u
t
p
u
t
D
e
s
c
r
i
p
t
i
o
n
:
T
h
e
D
i
r
e
c
t
o
r
a
t
e
w
i
l
l
c
r
e
a
t
e
a
n
d
i
m
p
l
e
m
e
n
t
a
r
a
n
g
e
o
f
m
a
r
k
e
t
i
n
g
a
n
d
d
e
v
e
l
o
p
m
e
n
t
p
r
o
g
r
a
m
s
a
n
d
a
c
t
i
v
i
t
i
e
s
i
n
p
a
r
t
n
e
r
s
h
i
p
w
i
t
h
i
n
d
u
s
t
r
y
t
h
a
t
a
i
m
t
o
i
n
c
r
e
a
s
e
v
i
s
i
t
a
t
i
o
n
.
A
c
c
o
u
n
t
a
b
i
l
i
t
y
I
n
d
i
c
a
t
o
r
O
r
i
g
i
n
a
l
T
a
r
g
e
t
2
0
1
2
-
1
3
A
c
t
u
a
l
R
e
s
u
l
t
2
0
1
2
-
1
3
V
a
r
i
a
n
c
e
%
E
x
p
l
a
n
a
t
i
o
n
o
f
m
a
t
e
r
i
a
l
v
a
r
i
a
n
c
e
s
T
o
t
a
l
C
o
s
t
(
$
0
0
0
)
1
3
,
8
5
3
1
2
,
9
8
5
(
6
.
3
%
)
T
h
e
v
a
r
i
a
n
c
e
i
s
m
a
i
n
l
y
d
u
e
t
o
t
h
e
r
o
l
l
o
v
e
r
o
f
e
x
p
e
n
s
e
s
r
e
l
a
t
e
d
t
o
S
p
e
c
i
a
l
E
v
e
n
t
s
f
u
n
d
i
n
g
f
o
r
t
h
e
T
u
r
n
e
r
f
r
o
m
T
a
t
e
a
n
d
M
a
p
p
i
n
g
O
u
r
W
o
r
l
d
e
x
h
i
b
i
t
i
o
n
s
,
a
s
p
a
y
m
e
n
t
s
w
e
r
e
n
o
t
r
e
q
u
i
r
e
d
t
o
b
e
m
a
d
e
u
n
t
i
l
2
0
1
3
-
1
4
a
n
d
a
l
s
o
s
a
v
i
n
g
s
i
n
e
m
p
l
o
y
e
e
c
o
s
t
s
.
G
o
v
e
r
n
m
e
n
t
P
a
y
m
e
n
t
f
o
r
O
u
t
p
u
t
s
(
$
0
0
0
)
1
2
,
3
4
4
1
2
,
0
7
9
(
2
.
1
%
)
N
o
t
a
p
p
l
i
c
a
b
l
e
a
.
A
C
T
A
c
c
o
m
m
o
d
a
t
i
o
n
R
o
o
m
O
c
c
u
p
a
n
c
y
R
a
t
e
(
%
)
>
n
a
t
i
o
n
a
l
a
v
e
r
a
g
e
6
9
.
2
%
(
n
a
t
i
o
n
a
l
a
v
e
r
a
g
e
6
5
.
6
%
)
5
.
5
%
T
h
e
A
C
T
r
e
c
e
i
v
e
d
2
.
0
3
m
i
l
l
i
o
n
d
o
m
e
s
t
i
c
o
v
e
r
n
i
g
h
t
v
i
s
i
t
o
r
s
f
o
r
t
h
e
y
e
a
r
e
n
d
i
n
g
M
a
r
c
h
2
0
1
3
,
a
n
8
.
8
%
i
n
c
r
e
a
s
e
c
o
m
p
a
r
e
d
t
o
t
h
e
y
e
a
r
e
n
d
i
n
g
M
a
r
c
h
2
0
1
2
(
1
.
8
7
m
i
l
l
i
o
n
)
.
N
a
t
i
o
n
a
l
l
y
,
d
o
m
e
s
t
i
c
o
v
e
r
n
i
g
h
t
v
i
s
i
t
a
t
i
o
n
i
n
c
r
e
a
s
e
d
b
y
1
.
8
%
f
o
r
t
h
e
c
o
r
r
e
s
p
o
n
d
i
n
g
p
e
r
i
o
d
.
V
i
s
i
t
o
r
n
i
g
h
t
s
i
n
t
h
e
A
C
T
i
n
c
r
e
a
s
e
d
b
y
2
2
.
5
%
,
u
p
f
r
o
m
5
.
0
2
m
i
l
l
i
o
n
f
o
r
t
h
e
y
e
a
r
e
n
d
i
n
g
M
a
r
c
h
2
0
1
2
t
o
6
.
1
5
m
i
l
l
i
o
n
f
o
r
t
h
e
y
e
a
r
e
n
d
i
n
g
M
a
r
c
h
2
0
1
3
.
T
h
i
s
c
o
m
p
a
r
e
d
t
o
a
2
.
2
%
i
n
c
r
e
a
s
e
n
a
t
i
o
n
a
l
l
y
f
o
r
t
h
e
c
o
r
r
e
s
p
o
n
d
i
n
g
p
e
r
i
o
d
.
137
ECONOMIC DEVELOPMENT DIRECTORATE
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
S
t
a
t
e
m
e
n
t
o
f
P
e
r
f
o
r
m
a
n
c
e
F
o
r
t
h
e
Y
e
a
r
E
n
d
e
d
3
0
J
u
n
e
2
0
1
3
O
u
t
p
u
t
C
l
a
s
s
1
:
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
O
u
t
p
u
t
1
.
3
:
T
o
u
r
i
s
m
-
C
o
n
t
i
n
u
e
d
A
c
c
o
u
n
t
a
b
i
l
i
t
y
I
n
d
i
c
a
t
o
r
O
r
i
g
i
n
a
l
T
a
r
g
e
t
2
0
1
2
-
1
3
A
c
t
u
a
l
R
e
s
u
l
t
2
0
1
2
-
1
3
V
a
r
i
a
n
c
e
%
E
x
p
l
a
n
a
t
i
o
n
o
f
m
a
t
e
r
i
a
l
v
a
r
i
a
n
c
e
s
b
.
C
a
n
b
e
r
r
a
a
n
d
R
e
g
i
o
n
V
i
s
i
t
o
r
s
C
e
n
t
r
e
(
C
R
V
C
)
O
v
e
r
a
l
l
v
i
s
i
t
o
r
s
a
t
i
s
f
a
c
t
i
o
n
w
i
t
h
c
u
s
t
o
m
e
r
s
e
r
v
i
c
e
l
e
v
e
l
s
a
t
t
h
e
C
R
V
C
>
8
0
%
9
7
.
2
%
2
1
.
5
%
T
h
e
r
e
s
u
l
t
d
e
m
o
n
s
t
r
a
t
e
s
t
h
e
s
t
r
u
c
t
u
r
e
d
e
d
u
c
a
t
i
o
n
a
l
p
r
o
g
r
a
m
d
e
l
i
v
e
r
e
d
b
y
t
h
e
C
R
V
C
t
o
e
n
s
u
r
e
s
t
a
f
f
a
n
d
v
o
l
u
n
t
e
e
r
s
h
a
v
e
u
p
t
o
d
a
t
e
t
o
u
r
i
s
m
p
r
o
d
u
c
t
k
n
o
w
l
e
d
g
e
a
n
d
s
e
r
v
i
c
e
a
w
a
r
e
n
e
s
s
.
T
h
i
s
i
n
c
l
u
d
e
s
s
p
e
c
i
f
i
c
t
r
a
i
n
i
n
g
p
r
o
g
r
a
m
s
,
p
r
o
d
u
c
t
f
a
m
i
l
i
a
r
i
s
a
t
i
o
n
s
a
n
d
t
o
u
r
i
s
m
i
n
d
u
s
t
r
y
e
n
g
a
g
e
m
e
n
t
p
r
o
g
r
a
m
s
.
c
.
N
u
m
b
e
r
o
f
v
i
s
i
t
s
t
o
t
h
e
v
i
s
i
t
c
a
n
b
e
r
r
a
w
e
b
s
i
t
e
8
0
0
,
0
0
0
1
,
4
6
2
,
7
2
3
8
2
.
8
%
T
h
e
r
e
s
u
l
t
h
a
s
b
e
e
n
i
n
f
l
u
e
n
c
e
d
b
y
c
a
m
p
a
i
g
n
a
c
t
i
v
i
t
y
i
n
c
l
u
d
i
n
g
C
e
n
t
e
n
a
r
y
o
f
C
a
n
b
e
r
r
a
t
a
c
t
i
c
a
l
m
a
r
k
e
t
i
n
g
a
n
d
t
h
e
h
i
g
h
l
y
s
u
c
c
e
s
s
f
u
l
H
u
m
a
n
B
r
o
c
h
u
r
e
c
a
m
p
a
i
g
n
,
a
l
o
n
g
w
i
t
h
t
h
e
s
u
s
t
a
i
n
e
d
g
r
o
w
t
h
i
n
t
h
e
u
s
e
o
f
o
n
l
i
n
e
p
l
a
t
f
o
r
m
s
f
o
r
t
r
a
v
e
l
p
l
a
n
n
i
n
g
a
n
d
b
o
o
k
i
n
g
s
.
E
x
p
l
a
n
a
t
i
o
n
o
f
a
c
c
o
u
n
t
a
b
i
l
i
t
y
i
n
d
i
c
a
t
o
r
:
a
.
R
o
o
m
o
c
c
u
p
a
n
c
y
r
a
t
e
s
a
r
e
s
o
u
r
c
e
d
f
r
o
m
t
h
e
S
u
r
v
e
y
o
f
T
o
u
r
i
s
t
A
c
c
o
m
m
o
d
a
t
i
o
n
(
A
B
S
C
a
t
.
N
o
.
8
6
3
5
.
0
)
.
T
h
i
s
i
n
d
i
c
a
t
o
r
i
s
a
m
e
a
s
u
r
e
o
f
t
h
e
o
c
c
u
p
a
n
c
y
r
a
t
e
o
f
h
o
t
e
l
s
,
m
o
t
e
l
s
a
n
d
s
e
r
v
i
c
e
d
a
p
a
r
t
m
e
n
t
s
w
i
t
h
1
5
o
r
m
o
r
e
r
o
o
m
s
.
P
l
e
a
s
e
n
o
t
e
t
h
a
t
t
h
e
r
e
i
s
a
t
h
r
e
e
m
o
n
t
h
l
a
g
o
n
r
e
s
u
l
t
s
,
w
i
t
h
t
h
e
y
e
a
r
e
n
d
i
n
g
J
u
n
e
2
0
1
3
f
i
g
u
r
e
s
d
e
l
i
v
e
r
e
d
a
t
t
h
e
e
n
d
o
f
S
e
p
t
e
m
b
e
r
2
0
1
3
.
b
.
N
e
w
i
n
d
i
c
a
t
o
r
.
S
a
t
i
s
f
a
c
t
i
o
n
w
i
t
h
o
v
e
r
a
l
l
c
u
s
t
o
m
e
r
s
e
r
v
i
c
e
l
e
v
e
l
s
a
t
t
h
e
C
a
n
b
e
r
r
a
a
n
d
R
e
g
i
o
n
V
i
s
i
t
o
r
s
C
e
n
t
r
e
(
C
R
V
C
)
i
s
c
a
p
t
u
r
e
d
a
s
p
a
r
t
o
f
a
b
r
o
a
d
e
r
C
R
V
C
S
a
t
i
s
f
a
c
t
i
o
n
S
u
r
v
e
y
o
p
e
n
t
o
v
i
s
i
t
o
r
s
t
h
r
o
u
g
h
o
u
t
t
h
e
y
e
a
r
.
S
u
r
v
e
y
d
a
t
a
i
s
r
e
c
o
r
d
e
d
u
s
i
n
g
t
h
e
S
u
r
v
e
y
M
o
n
k
e
y
o
n
l
i
n
e
p
r
o
g
r
a
m
.
A
s
t
r
u
c
t
u
r
e
d
p
r
o
g
r
a
m
i
s
d
e
l
i
v
e
r
e
d
b
y
t
h
e
D
i
r
e
c
t
o
r
a
t
e
t
o
e
n
s
u
r
e
t
h
a
t
C
R
V
C
s
t
a
f
f
a
n
d
v
o
l
u
n
t
e
e
r
s
h
a
v
e
u
p
t
o
d
a
t
e
p
r
o
d
u
c
t
k
n
o
w
l
e
d
g
e
a
n
d
s
e
r
v
i
c
e
a
w
a
r
e
n
e
s
s
.
T
h
i
s
i
n
c
l
u
d
e
s
s
p
e
c
i
f
i
c
t
r
a
i
n
i
n
g
p
r
o
g
r
a
m
s
,
p
r
o
d
u
c
t
f
a
m
i
l
i
a
r
i
s
a
t
i
o
n
s
a
n
d
i
n
d
u
s
t
r
y
e
n
g
a
g
e
m
e
n
t
p
r
o
g
r
a
m
s
.
c
.
T
h
i
s
i
n
d
i
c
a
t
o
r
f
a
c
i
l
i
t
a
t
e
s
a
n
a
l
y
s
i
s
o
f
t
h
e
p
e
r
f
o
r
m
a
n
c
e
o
f
t
h
e
w
e
b
s
i
t
e
w
w
w
.
v
i
s
i
t
c
a
n
b
e
r
r
a
.
c
o
m
.
a
u
w
h
i
c
h
i
s
a
k
e
y
d
r
i
v
e
r
f
o
r
t
o
u
r
i
s
m
a
c
t
i
v
i
t
i
e
s
s
u
c
h
a
s
t
r
a
v
e
l
,
r
e
s
e
a
r
c
h
,
p
l
a
n
n
i
n
g
a
n
d
o
n
l
i
n
e
b
o
o
k
i
n
g
s
.
W
e
b
s
i
t
e
s
t
a
t
i
s
t
i
c
s
a
r
e
o
b
t
a
i
n
e
d
t
h
r
o
u
g
h
G
o
o
g
l
e
A
n
a
l
y
t
i
c
s
a
n
o
n
l
i
n
e
m
e
a
s
u
r
e
m
e
n
t
t
o
o
l
.
G
o
o
g
l
e
A
n
a
l
y
t
i
c
s
m
e
a
s
u
r
e
s
'
v
i
s
i
t
s
'
t
o
t
h
e
w
e
b
s
i
t
e
,
i
n
l
i
n
e
w
i
t
h
a
c
c
e
p
t
e
d
i
n
d
u
s
t
r
y
s
t
a
n
d
a
r
d
s
.
138
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
S
t
a
t
e
m
e
n
t
o
f
P
e
r
f
o
r
m
a
n
c
e
F
o
r
t
h
e
Y
e
a
r
E
n
d
e
d
3
0
J
u
n
e
2
0
1
3
O
u
t
p
u
t
C
l
a
s
s
1
:
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
O
u
t
p
u
t
1
.
4
:
S
p
o
r
t
a
n
d
R
e
c
r
e
a
t
i
o
n
O
u
t
p
u
t
D
e
s
c
r
i
p
t
i
o
n
:
T
h
e
D
i
r
e
c
t
o
r
a
t
e
w
i
l
l
i
m
p
l
e
m
e
n
t
a
n
d
d
e
v
e
l
o
p
p
r
o
g
r
a
m
s
a
n
d
p
o
l
i
c
i
e
s
,
p
r
o
v
i
d
e
g
r
a
n
t
s
,
a
n
d
c
r
e
a
t
e
e
d
u
c
a
t
i
o
n
a
n
d
t
r
a
i
n
i
n
g
o
p
p
o
r
t
u
n
i
t
i
e
s
t
o
m
a
i
n
t
a
i
n
a
n
d
i
m
p
r
o
v
e
t
h
e
c
a
p
a
b
i
l
i
t
i
e
s
o
f
t
h
e
s
p
o
r
t
a
n
d
r
e
c
r
e
a
t
i
o
n
s
e
c
t
o
r
i
n
t
h
e
T
e
r
r
i
t
o
r
y
.
I
t
w
i
l
l
a
l
s
o
m
a
n
a
g
e
a
n
d
m
a
i
n
t
a
i
n
s
p
o
r
t
s
g
r
o
u
n
d
s
a
n
d
f
a
c
i
l
i
t
i
e
s
,
a
n
d
p
r
o
v
i
d
e
s
u
p
p
o
r
t
s
e
r
v
i
c
e
s
t
o
h
i
g
h
p
e
r
f
o
r
m
a
n
c
e
a
t
h
l
e
t
e
s
i
n
t
h
e
A
C
T
.
A
c
c
o
u
n
t
a
b
i
l
i
t
y
I
n
d
i
c
a
t
o
r
O
r
i
g
i
n
a
l
T
a
r
g
e
t
2
0
1
2
-
1
3
A
m
e
n
d
e
d
T
a
r
g
e
t
2
0
1
2
-
1
3
A
c
t
u
a
l
R
e
s
u
l
t
2
0
1
2
-
1
3
V
a
r
i
a
n
c
e
%
E
x
p
l
a
n
a
t
i
o
n
o
f
m
a
t
e
r
i
a
l
v
a
r
i
a
n
c
e
s
T
o
t
a
l
C
o
s
t
(
$
0
0
0
)
4
1
,
0
6
4
4
0
,
0
3
6
(
2
.
5
%
)
N
o
t
a
p
p
l
i
c
a
b
l
e
G
o
v
e
r
n
m
e
n
t
P
a
y
m
e
n
t
f
o
r
O
u
t
p
u
t
s
(
$
0
0
0
)
2
8
,
4
3
0
2
7
,
8
8
0
(
1
.
9
%
)
N
o
t
a
p
p
l
i
c
a
b
l
e
a
.
N
u
m
b
e
r
o
f
t
a
r
g
e
t
e
d
p
r
o
g
r
a
m
s
d
e
l
i
v
e
r
e
d
i
n
a
c
c
o
r
d
a
n
c
e
w
i
t
h
t
h
e
A
u
s
t
r
a
l
i
a
n
S
p
o
r
t
s
C
o
m
m
i
s
s
i
o
n
a
g
r
e
e
m
e
n
t
b
u
i
l
d
i
n
g
a
p
p
l
i
c
a
t
i
o
n
s
l
o
d
g
e
d
9
n
/
a
n
/
a
n
/
a
N
o
t
a
p
p
l
i
c
a
b
l
e
a
.
N
u
m
b
e
r
o
f
t
a
r
g
e
t
e
d
p
r
o
g
r
a
m
s
d
e
l
i
v
e
r
e
d
i
n
a
c
c
o
r
d
a
n
c
e
w
i
t
h
t
h
e
A
u
s
t
r
a
l
i
a
n
S
p
o
r
t
s
C
o
m
m
i
s
s
i
o
n
a
g
r
e
e
m
e
n
t
n
/
a
9
1
0
1
1
%
T
h
e
v
a
r
i
a
n
c
e
i
s
d
u
e
t
o
t
h
e
2
0
1
2
-
1
3
S
t
a
t
e
S
p
o
r
t
D
e
v
e
l
o
p
m
e
n
t
C
o
l
l
a
b
o
r
a
t
i
o
n
A
g
r
e
e
m
e
n
t
b
e
i
n
g
a
m
e
n
d
e
d
i
n
A
p
r
i
l
2
0
1
3
t
o
i
n
c
l
u
d
e
f
u
n
d
i
n
g
f
o
r
t
h
e
I
n
c
l
u
s
i
v
e
S
p
o
r
t
P
r
o
j
e
c
t
.
b
.
C
u
s
t
o
m
e
r
s
a
t
i
s
f
a
c
t
i
o
n
w
i
t
h
A
C
T
A
c
a
d
e
m
y
o
f
S
p
o
r
t
s
e
r
v
i
c
e
s
9
0
%
1
0
0
%
1
1
%
T
h
e
s
u
r
v
e
y
f
o
u
n
d
t
h
a
t
1
0
0
p
e
r
c
e
n
t
o
f
r
e
s
p
o
n
d
e
n
t
s
w
e
r
e
s
a
t
i
s
f
i
e
d
w
i
t
h
t
h
e
l
e
v
e
l
o
f
s
e
r
v
i
c
e
s
p
r
o
v
i
d
e
d
d
u
r
i
n
g
t
h
e
i
r
r
e
s
p
e
c
t
i
v
e
s
c
h
o
l
a
r
s
h
i
p
p
e
r
i
o
d
s
.
c
.
P
e
r
c
e
n
t
a
g
e
o
f
c
u
s
t
o
m
e
r
s
s
a
t
i
s
f
i
e
d
w
i
t
h
t
h
e
m
a
n
a
g
e
m
e
n
t
o
f
s
p
o
r
t
s
g
r
o
u
n
d
s
9
2
%
9
5
%
3
.
3
%
N
o
t
a
p
p
l
i
c
a
b
l
e
d
.
P
e
r
c
e
n
t
a
g
e
o
f
c
u
s
t
o
m
e
r
s
s
a
t
i
s
f
i
e
d
w
i
t
h
m
a
n
a
g
e
m
e
n
t
o
f
a
q
u
a
t
i
c
c
e
n
t
r
e
s
9
3
%
9
3
%
-
N
o
t
a
p
p
l
i
c
a
b
l
e
E
x
p
l
a
n
a
t
i
o
n
o
f
a
c
c
o
u
n
t
a
b
i
l
i
t
y
i
n
d
i
c
a
t
o
r
:
a
.
T
h
i
s
i
n
d
i
c
a
t
o
r
w
a
s
v
a
r
i
e
d
b
y
a
n
I
n
s
t
r
u
m
e
n
t
i
s
s
u
e
d
u
n
d
e
r
S
e
c
t
i
o
n
1
9
D
o
f
t
h
e
F
i
n
a
n
c
i
a
l
M
a
n
a
g
e
m
e
n
t
A
c
t
1
9
9
6
t
o
m
o
r
e
a
c
c
u
r
a
t
e
l
y
d
e
s
c
r
i
b
e
t
h
e
a
c
t
i
v
i
t
y
b
e
i
n
g
m
e
a
s
u
r
e
d
.
F
o
r
c
o
m
p
l
e
t
e
n
e
s
s
,
t
h
e
o
r
i
g
i
n
a
l
a
n
d
r
e
v
i
s
e
d
i
n
d
i
c
a
t
o
r
s
a
r
e
s
h
o
w
n
s
e
p
a
r
a
t
e
l
y
.
T
h
e
r
e
v
i
s
e
d
i
n
d
i
c
a
t
o
r
f
a
c
i
l
i
t
a
t
e
s
t
h
e
a
s
s
e
s
s
m
e
n
t
o
f
i
m
p
l
e
m
e
n
t
e
d
p
r
o
g
r
a
m
s
.
A
p
r
o
g
r
a
m
i
s
c
o
n
s
i
d
e
r
e
d
i
m
p
l
e
m
e
n
t
e
d
o
n
c
e
t
h
e
a
g
r
e
e
m
e
n
t
b
e
t
w
e
e
n
S
p
o
r
t
a
n
d
R
e
c
r
e
a
t
i
o
n
S
e
r
v
i
c
e
s
a
n
d
t
h
e
A
u
s
t
r
a
l
i
a
n
S
p
o
r
t
s
C
o
m
m
i
s
s
i
o
n
i
s
s
i
g
n
e
d
.
T
h
e
a
g
r
e
e
m
e
n
t
o
u
t
l
i
n
e
s
k
e
y
o
u
t
c
o
m
e
s
t
o
b
e
a
c
h
i
e
v
e
d
a
n
d
p
r
o
g
r
a
m
s
i
n
t
a
r
g
e
t
e
d
a
r
e
a
s
t
o
b
e
d
e
l
i
v
e
r
e
d
d
u
r
i
n
g
t
h
e
a
g
r
e
e
m
e
n
t
p
e
r
i
o
d
.
T
h
e
p
r
o
g
r
a
m
s
i
m
p
l
e
m
e
n
t
e
d
w
e
r
e
:
G
o
v
e
r
n
a
n
c
e
,
C
l
u
b
D
e
v
e
l
o
p
m
e
n
t
,
E
t
h
i
c
s
,
C
o
a
c
h
i
n
g
,
O
f
f
i
c
i
a
t
i
n
g
,
W
o
m
e
n
i
n
S
p
o
r
t
,
Y
o
u
t
h
P
a
r
t
i
c
i
p
a
t
i
o
n
,
D
i
s
a
b
i
l
i
t
y
,
I
n
d
i
g
e
n
o
u
s
a
n
d
I
n
c
l
u
s
i
v
e
S
p
o
r
t
P
r
o
j
e
c
t
.
b
.
A
t
h
l
e
t
e
s
a
n
d
c
o
a
c
h
e
s
a
r
e
s
u
r
v
e
y
e
d
t
o
d
e
t
e
r
m
i
n
e
t
h
e
i
r
s
a
t
i
s
f
a
c
t
i
o
n
w
i
t
h
t
h
e
s
u
p
p
o
r
t
s
e
r
v
i
c
e
s
p
r
o
v
i
d
e
d
b
y
t
h
e
A
C
T
A
c
a
d
e
m
y
o
f
S
p
o
r
t
.
139
ECONOMIC DEVELOPMENT DIRECTORATE 140
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
S
t
a
t
e
m
e
n
t
o
f
P
e
r
f
o
r
m
a
n
c
e
F
o
r
t
h
e
Y
e
a
r
E
n
d
e
d
3
0
J
u
n
e
2
0
1
3
O
u
t
p
u
t
1
.
4
:
S
p
o
r
t
a
n
d
R
e
c
r
e
a
t
i
o
n
-
C
o
n
t
i
n
u
e
d
E
x
p
l
a
n
a
t
i
o
n
o
f
a
c
c
o
u
n
t
a
b
i
l
i
t
y
i
n
d
i
c
a
t
o
r
-
c
o
n
t
i
n
u
e
d
c
.
A
s
u
r
v
e
y
o
f
v
i
s
i
t
o
r
s
t
o
d
i
s
t
r
i
c
t
a
n
d
e
n
c
l
o
s
e
d
s
p
o
r
t
s
g
r
o
u
n
d
s
a
n
d
n
e
i
g
h
b
o
r
h
o
o
d
o
v
a
l
s
m
e
a
s
u
r
e
d
t
h
e
i
r
s
a
t
i
s
f
a
c
t
i
o
n
o
r
d
i
s
s
a
t
i
s
f
a
c
t
i
o
n
w
i
t
h
h
o
w
w
e
l
l
t
h
e
s
p
o
r
t
s
g
r
o
u
n
d
i
s
m
a
n
a
g
e
d
.
d
.
A
s
u
r
v
e
y
o
f
v
i
s
i
t
o
r
s
t
o
p
u
b
l
i
c
s
w
i
m
m
i
n
g
p
o
o
l
s
m
e
a
s
u
r
e
d
t
h
e
i
r
s
a
t
i
s
f
a
c
t
i
o
n
o
r
d
i
s
s
a
t
i
s
f
a
c
t
i
o
n
w
i
t
h
t
h
e
m
a
n
a
g
e
m
e
n
t
o
f
p
u
b
l
i
c
s
w
i
m
m
i
n
g
p
o
o
l
s
.
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
S
t
a
t
e
m
e
n
t
o
f
P
e
r
f
o
r
m
a
n
c
e
F
o
r
t
h
e
Y
e
a
r
E
n
d
e
d
3
0
J
u
n
e
2
0
1
3
O
u
t
p
u
t
C
l
a
s
s
1
:
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
O
u
t
p
u
t
1
.
5
:
V
e
n
u
e
s
a
n
d
E
v
e
n
t
s
O
u
t
p
u
t
D
e
s
c
r
i
p
t
i
o
n
:
T
h
i
s
o
u
t
p
u
t
i
n
v
o
l
v
e
s
t
h
e
m
a
n
a
g
e
m
e
n
t
a
n
d
p
r
o
m
o
t
i
o
n
o
f
s
p
o
r
t
i
n
g
a
n
d
r
e
c
r
e
a
t
i
o
n
e
v
e
n
t
s
a
t
m
a
j
o
r
s
p
o
r
t
i
n
g
a
n
d
r
e
c
r
e
a
t
i
o
n
a
l
v
e
n
u
e
s
i
n
c
l
u
d
i
n
g
t
h
e
C
a
n
b
e
r
r
a
S
t
a
d
i
u
m
,
M
a
n
u
k
a
O
v
a
l
,
S
t
r
o
m
l
o
F
o
r
e
s
t
P
a
r
k
a
n
d
t
h
e
C
a
n
b
e
r
r
a
B
u
s
i
n
e
s
s
E
v
e
n
t
C
e
n
t
r
e
.
I
t
a
l
s
o
i
n
c
l
u
d
e
s
t
h
e
m
a
n
a
g
e
m
e
n
t
a
n
d
d
e
l
i
v
e
r
y
o
f
m
a
j
o
r
a
n
d
s
i
g
n
i
f
i
c
a
n
t
e
v
e
n
t
s
s
u
c
h
a
s
F
l
o
r
i
a
d
e
,
N
i
g
h
t
f
e
s
t
,
E
n
l
i
g
h
t
e
n
,
N
e
w
Y
e
a
r
s
E
v
e
,
A
u
s
t
r
a
l
i
a
D
a
y
a
n
d
t
h
e
N
a
r
a
C
a
n
d
l
e
F
e
s
t
i
v
a
l
.
A
c
c
o
u
n
t
a
b
i
l
i
t
y
I
n
d
i
c
a
t
o
r
O
r
i
g
i
n
a
l
T
a
r
g
e
t
2
0
1
2
-
1
3
A
c
t
u
a
l
R
e
s
u
l
t
2
0
1
2
-
1
3
V
a
r
i
a
n
c
e
%
E
x
p
l
a
n
a
t
i
o
n
o
f
m
a
t
e
r
i
a
l
v
a
r
i
a
n
c
e
s
T
o
t
a
l
C
o
s
t
(
$
0
0
0
)
2
1
,
6
7
8
2
5
,
8
7
3
1
9
.
4
%
T
h
e
v
a
r
i
a
n
c
e
i
s
m
a
i
n
l
y
d
u
e
t
o
t
h
e
i
n
c
r
e
a
s
e
d
e
x
p
e
n
s
e
s
a
s
s
o
c
i
a
t
e
d
w
i
t
h
h
o
s
t
i
n
g
a
d
d
i
t
i
o
n
a
l
e
v
e
n
t
s
a
t
M
a
n
u
k
a
O
v
a
l
a
n
d
C
a
n
b
e
r
r
a
S
t
a
d
i
u
m
,
n
a
m
e
l
y
a
S
u
p
e
r
1
5
f
i
n
a
l
s
m
a
t
c
h
,
a
N
a
t
i
o
n
a
l
R
u
g
b
y
L
e
a
g
u
e
t
e
s
t
,
t
h
e
B
r
i
t
i
s
h
a
n
d
I
r
i
s
h
L
i
o
n
s
i
n
t
e
r
n
a
t
i
o
n
a
l
r
u
g
b
y
u
n
i
o
n
m
a
t
c
h
a
n
d
a
s
i
g
n
i
f
i
c
a
n
t
c
o
n
c
e
r
t
.
G
o
v
e
r
n
m
e
n
t
P
a
y
m
e
n
t
f
o
r
O
u
t
p
u
t
s
(
$
0
0
0
)
1
1
,
9
6
2
1
1
,
3
0
6
(
5
.
5
%
)
T
h
e
v
a
r
i
a
n
c
e
i
s
d
u
e
t
o
t
h
e
r
o
l
l
o
v
e
r
o
f
c
a
p
i
t
a
l
w
o
r
k
s
f
u
n
d
i
n
g
t
o
2
0
1
3
-
1
4
f
o
r
t
h
e
U
p
g
r
a
d
e
o
f
C
o
m
m
o
n
w
e
a
l
t
h
P
a
r
k
,
t
h
e
N
e
w
S
t
a
d
i
u
m
F
e
a
s
i
b
i
l
i
t
y
S
t
u
d
y
a
n
d
M
o
t
o
r
s
p
o
r
t
g
r
a
n
t
s
a
n
d
t
h
e
v
a
r
i
a
t
i
o
n
o
f
a
p
p
r
o
p
r
i
a
t
i
o
n
u
n
d
e
r
S
e
c
t
i
o
n
1
4
o
f
t
h
e
F
i
n
a
n
c
i
a
l
M
a
n
a
g
e
m
e
n
t
A
c
t
1
9
9
6
t
o
c
o
n
v
e
r
t
c
a
p
i
t
a
l
i
n
j
e
c
t
i
o
n
t
o
G
o
v
e
r
n
m
e
n
t
P
a
y
m
e
n
t
f
o
r
O
u
t
p
u
t
s
f
o
r
t
h
e
M
o
t
o
r
s
p
o
r
t
G
r
a
n
t
s
C
a
p
i
t
a
l
I
m
p
r
o
v
e
m
e
n
t
s
t
o
F
a
i
r
b
a
i
r
n
P
a
r
k
p
r
o
j
e
c
t
.
a
.
D
e
l
i
v
e
r
k
e
y
c
o
m
m
u
n
i
t
y
e
v
e
n
t
s
:
N
e
w
Y
e
a
r
s
E
v
e
A
u
s
t
r
a
l
i
a
D
a
y
N
a
r
a
C
a
n
d
l
e
F
e
s
t
i
v
a
l
C
a
n
b
e
r
r
a
F
e
s
t
i
v
a
l
1111
1111
----
N
o
t
a
p
p
l
i
c
a
b
l
e
141
ECONOMIC DEVELOPMENT DIRECTORATE
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
S
t
a
t
e
m
e
n
t
o
f
P
e
r
f
o
r
m
a
n
c
e
F
o
r
t
h
e
Y
e
a
r
E
n
d
e
d
3
0
J
u
n
e
2
0
1
3
O
u
t
p
u
t
C
l
a
s
s
1
:
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
O
u
t
p
u
t
1
.
5
:
V
e
n
u
e
s
a
n
d
E
v
e
n
t
s
-
C
o
n
t
i
n
u
e
d
A
c
c
o
u
n
t
a
b
i
l
i
t
y
I
n
d
i
c
a
t
o
r
O
r
i
g
i
n
a
l
T
a
r
g
e
t
2
0
1
2
-
1
3
A
c
t
u
a
l
R
e
s
u
l
t
2
0
1
2
-
1
3
V
a
r
i
a
n
c
e
%
E
x
p
l
a
n
a
t
i
o
n
o
f
m
a
t
e
r
i
a
l
v
a
r
i
a
n
c
e
s
b
.
N
u
m
b
e
r
o
f
M
a
j
o
r
E
v
e
n
t
s
a
t
:
C
a
n
b
e
r
r
a
S
t
a
d
i
u
m
M
a
n
u
k
a
O
v
a
l
S
t
r
o
m
l
o
F
o
r
e
s
t
P
a
r
k
2
3
46
2
7
9
1
3
1
7
.
4
%
1
2
5
%
1
1
7
%
F
o
u
r
e
v
e
n
t
s
s
e
c
u
r
e
d
i
n
a
d
d
i
t
i
o
n
t
o
t
h
e
t
a
r
g
e
t
.
T
h
e
s
e
w
e
r
e
C
a
n
b
e
r
r
a
R
a
i
d
e
r
s
s
e
m
i
f
i
n
a
l
,
E
l
t
o
n
J
o
h
n
C
o
n
c
e
r
t
,
B
r
u
m
b
i
e
s
v
B
r
i
t
i
s
h
a
n
d
I
r
i
s
h
l
i
o
n
s
m
a
t
c
h
a
n
d
t
h
e
A
u
s
t
r
a
l
i
a
v
N
e
w
Z
e
a
l
a
n
d
A
N
Z
A
C
N
a
t
i
o
n
a
l
R
u
g
b
y
L
e
a
g
u
e
t
e
s
t
m
a
t
c
h
.
F
i
v
e
e
v
e
n
t
s
w
e
r
e
s
e
c
u
r
e
d
i
n
a
d
d
i
t
i
o
n
t
o
t
h
e
o
r
i
g
i
n
a
l
t
a
r
g
e
t
.
T
h
e
s
e
w
e
r
e
t
h
e
S
h
e
f
f
i
e
l
d
S
h
i
e
l
d
,
C
h
a
i
r
m
a
n
s
X
1
a
n
d
O
n
e
D
a
y
I
n
t
e
r
n
a
t
i
o
n
a
l
c
r
i
c
k
e
t
m
a
t
c
h
e
s
a
n
d
t
w
o
A
F
L
m
a
t
c
h
e
s
.
T
a
k
e
u
p
o
f
v
e
n
u
e
w
a
s
g
r
e
a
t
e
r
t
h
a
n
t
a
r
g
e
t
.
E
x
t
r
a
e
v
e
n
t
s
h
e
l
d
w
e
r
e
J
u
n
i
o
r
R
o
a
d
N
a
t
i
o
n
a
l
s
,
A
s
i
a
P
a
c
i
f
i
c
U
n
i
c
y
c
l
e
C
h
a
m
p
i
o
n
s
h
i
p
s
,
N
a
t
i
o
n
a
l
M
o
u
n
t
a
i
n
B
i
k
e
R
i
d
e
c
h
a
m
p
i
o
n
s
h
i
p
s
,
C
a
n
b
e
r
r
a
B
i
k
e
R
i
d
e
,
A
u
s
t
r
a
l
i
a
n
M
a
s
t
e
r
s
N
a
t
i
o
n
a
l
C
r
o
s
s
C
o
u
n
t
r
y
C
h
a
m
p
i
o
n
s
h
i
p
s
a
n
d
A
u
s
t
r
a
l
i
a
R
o
l
l
e
r
s
k
i
C
h
a
m
p
i
o
n
s
h
i
p
s
.
c
.
O
w
n
S
o
u
r
c
e
R
e
v
e
n
u
e
b
y
V
e
n
u
e
:
C
a
n
b
e
r
r
a
S
t
a
d
i
u
m
M
a
n
u
k
a
O
v
a
l
$
3
,
0
0
0
,
0
0
0
$
3
0
3
,
0
0
0
$
3
,
6
5
6
,
9
8
5
$
7
1
7
,
8
7
2
2
1
.
9
%
1
3
6
.
9
%
A
s
i
d
e
n
t
i
f
i
e
d
a
t
i
n
d
i
c
a
t
o
r
(
b
)
,
a
d
d
i
t
i
o
n
a
l
e
v
e
n
t
s
h
e
l
d
a
t
C
a
n
b
e
r
r
a
S
t
a
d
i
u
m
a
n
d
M
a
n
u
k
a
O
v
a
l
h
a
v
e
r
e
s
u
l
t
e
d
i
n
i
n
c
r
e
a
s
e
d
o
w
n
s
o
u
r
c
e
r
e
v
e
n
u
e
.
142
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
S
t
a
t
e
m
e
n
t
o
f
P
e
r
f
o
r
m
a
n
c
e
F
o
r
t
h
e
Y
e
a
r
E
n
d
e
d
3
0
J
u
n
e
2
0
1
3
O
u
t
p
u
t
C
l
a
s
s
1
:
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
O
u
t
p
u
t
1
.
5
:
V
e
n
u
e
s
a
n
d
E
v
e
n
t
s
-
C
o
n
t
i
n
u
e
d
A
c
c
o
u
n
t
a
b
i
l
i
t
y
I
n
d
i
c
a
t
o
r
O
r
i
g
i
n
a
l
T
a
r
g
e
t
2
0
1
2
-
1
3
A
c
t
u
a
l
R
e
s
u
l
t
2
0
1
2
-
1
3
V
a
r
i
a
n
c
e
%
E
x
p
l
a
n
a
t
i
o
n
o
f
m
a
t
e
r
i
a
l
v
a
r
i
a
n
c
e
s
d
.
D
i
r
e
c
t
e
x
p
e
n
d
i
t
u
r
e
a
s
a
r
e
s
u
l
t
o
f
s
t
a
g
i
n
g
F
l
o
r
i
a
d
e
$
2
0
.
0
m
$
2
7
.
6
m
3
8
%
F
l
o
r
i
a
d
e
2
0
1
2
w
a
s
s
u
p
p
o
r
t
e
d
b
y
a
c
o
m
p
r
e
h
e
n
s
i
v
e
f
u
l
l
y
i
n
t
e
g
r
a
t
e
d
m
a
r
k
e
t
i
n
g
c
a
m
p
a
i
g
n
a
c
r
o
s
s
k
e
y
i
n
t
e
r
s
t
a
t
e
t
a
r
g
e
t
m
a
r
k
e
t
s
.
T
h
i
s
m
a
r
k
e
t
i
n
g
e
f
f
o
r
t
a
l
l
i
e
d
w
i
t
h
g
o
o
d
w
e
a
t
h
e
r
p
l
a
y
e
d
a
n
i
n
t
e
g
r
a
l
r
o
l
e
i
n
a
t
t
r
a
c
t
i
n
g
s
t
r
o
n
g
v
i
s
i
t
a
t
i
o
n
a
n
d
t
h
e
r
e
s
u
l
t
a
n
t
e
c
o
n
o
m
i
c
o
u
t
c
o
m
e
.
A
t
o
t
a
l
o
f
4
4
2
,
2
4
3
v
i
s
i
t
o
r
s
a
t
t
e
n
d
e
d
F
l
o
r
i
a
d
e
2
0
1
2
r
e
p
r
e
s
e
n
t
i
n
g
a
n
i
n
c
r
e
a
s
e
o
f
7
.
3
%
o
n
F
l
o
r
i
a
d
e
2
0
1
1
.
F
l
o
r
i
a
d
e
2
0
1
2
c
o
n
t
i
n
u
e
d
t
o
p
r
o
v
i
d
e
e
c
o
n
o
m
i
c
b
e
n
e
f
i
t
s
t
o
C
a
n
b
e
r
r
a
a
n
d
t
h
e
s
u
r
r
o
u
n
d
i
n
g
r
e
g
i
o
n
,
g
e
n
e
r
a
t
i
n
g
$
2
7
.
6
m
i
l
l
i
o
n
i
n
d
i
r
e
c
t
a
d
d
i
t
i
o
n
a
l
e
x
p
e
n
d
i
t
u
r
e
f
r
o
m
v
i
s
i
t
o
r
s
t
o
C
a
n
b
e
r
r
a
f
o
r
t
h
e
E
v
e
n
t
.
E
x
p
l
a
n
a
t
i
o
n
o
f
a
c
c
o
u
n
t
a
b
i
l
i
t
y
i
n
d
i
c
a
t
o
r
:
a
.
T
h
i
s
i
n
d
i
c
a
t
o
r
c
o
v
e
r
s
t
h
e
s
u
c
c
e
s
s
f
u
l
d
e
l
i
v
e
r
y
o
f
m
a
j
o
r
c
o
m
m
u
n
i
t
y
e
v
e
n
t
s
s
u
c
h
a
s
N
e
w
Y
e
a
r
s
E
v
e
,
A
u
s
t
r
a
l
i
a
D
a
y
,
C
a
n
b
e
r
r
a
F
e
s
t
i
v
a
l
(
e
n
c
o
m
p
a
s
s
i
n
g
E
n
l
i
g
h
t
e
n
,
B
a
l
l
o
o
n
S
p
e
c
t
a
c
u
l
a
r
a
n
d
L
i
g
h
t
s
C
a
n
b
e
r
r
a
A
c
t
i
o
n
)
a
n
d
N
a
r
a
C
a
n
d
l
e
F
e
s
t
i
v
a
l
,
a
n
d
i
n
c
l
u
d
e
s
s
u
p
p
o
r
t
o
f
o
t
h
e
r
c
o
m
m
u
n
i
t
y
e
v
e
n
t
s
a
n
d
m
a
r
k
e
t
i
n
g
o
f
t
h
e
o
v
e
r
a
l
l
p
r
o
g
r
a
m
.
b
.
T
h
i
s
i
n
d
i
c
a
t
o
r
c
o
v
e
r
s
t
h
e
d
e
l
i
v
e
r
y
o
f
m
a
j
o
r
e
v
e
n
t
s
a
t
:
C
a
n
b
e
r
r
a
S
t
a
d
i
u
m
,
M
a
n
u
k
a
O
v
a
l
a
n
d
S
t
r
o
m
l
o
F
o
r
e
s
t
P
a
r
k
.
c
.
T
h
i
s
i
n
d
i
c
a
t
o
r
c
o
v
e
r
s
t
h
e
O
w
n
S
o
u
r
c
e
R
e
v
e
n
u
e
b
y
v
e
n
u
e
f
o
r
C
a
n
b
e
r
r
a
S
t
a
d
i
u
m
a
n
d
M
a
n
u
k
a
O
v
a
l
.
O
w
n
s
o
u
r
c
e
r
e
v
e
n
u
e
i
s
n
e
t
o
f
c
o
s
t
o
f
s
a
l
e
s
.
d
.
T
h
e
d
i
r
e
c
t
e
x
p
e
n
d
i
t
u
r
e
b
y
v
i
s
i
t
o
r
s
t
o
C
a
n
b
e
r
r
a
f
o
r
F
l
o
r
i
a
d
e
i
s
c
a
l
c
u
l
a
t
e
d
a
s
p
a
r
t
o
f
a
n
i
n
d
e
p
e
n
d
e
n
t
e
v
e
n
t
e
v
a
l
u
a
t
i
o
n
a
n
d
e
c
o
n
o
m
i
c
i
m
p
a
c
t
a
s
s
e
s
s
m
e
n
t
c
o
n
d
u
c
t
e
d
b
y
E
r
n
s
t
&
Y
o
u
n
g
.
F
l
o
r
i
a
d
e
i
s
t
h
e
f
l
a
g
s
h
i
p
a
n
n
u
a
l
e
v
e
n
t
f
o
r
t
h
e
A
C
T
.
F
l
o
r
i
a
d
e
2
0
1
2
d
e
l
i
v
e
r
e
d
t
h
e
s
e
c
o
n
d
b
i
g
g
e
s
t
r
e
s
u
l
t
s
i
n
c
e
t
h
e
i
n
c
e
p
t
i
o
n
o
f
t
h
e
e
v
e
n
t
b
o
t
h
i
n
t
e
r
m
s
o
f
e
c
o
n
o
m
i
c
r
e
t
u
r
n
t
o
t
h
e
A
C
T
a
n
d
o
v
e
r
a
l
l
a
t
t
e
n
d
a
n
c
e
f
i
g
u
r
e
s
s
i
n
c
e
t
h
e
i
n
t
r
o
d
u
c
t
i
o
n
o
f
t
u
r
n
s
t
i
l
e
s
i
n
1
9
9
9
.
143
ECONOMIC DEVELOPMENT DIRECTORATE
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
S
t
a
t
e
m
e
n
t
o
f
P
e
r
f
o
r
m
a
n
c
e
F
o
r
t
h
e
Y
e
a
r
E
n
d
e
d
3
0
J
u
n
e
2
0
1
3
O
u
t
p
u
t
C
l
a
s
s
1
:
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
O
u
t
p
u
t
1
.
6
:
L
a
n
d
S
t
r
a
t
e
g
y
a
n
d
I
n
f
r
a
s
t
r
u
c
t
u
r
e
D
e
l
i
v
e
r
y
O
u
t
p
u
t
D
e
s
c
r
i
p
t
i
o
n
:
T
h
e
D
i
r
e
c
t
o
r
a
t
e
w
i
l
l
d
e
l
i
v
e
r
a
n
d
/
o
r
o
v
e
r
s
e
e
a
d
i
v
e
r
s
e
r
a
n
g
e
o
f
c
a
p
i
t
a
l
p
r
o
j
e
c
t
s
i
n
c
o
l
l
a
b
o
r
a
t
i
o
n
w
i
t
h
g
o
v
e
r
n
m
e
n
t
a
g
e
n
c
i
e
s
,
t
h
e
p
r
i
v
a
t
e
s
e
c
t
o
r
a
n
d
t
h
e
c
o
m
m
u
n
i
t
y
,
i
n
c
l
u
d
i
n
g
t
h
e
d
e
l
i
v
e
r
y
o
f
t
h
e
l
a
n
d
r
e
l
e
a
s
e
c
a
p
i
t
a
l
w
o
r
k
s
p
r
o
g
r
a
m
.
T
h
e
D
i
r
e
c
t
o
r
a
t
e
w
i
l
l
a
l
s
o
l
e
a
d
a
n
d
c
o
o
r
d
i
n
a
t
e
t
h
e
d
e
l
i
v
e
r
y
o
f
t
h
e
G
o
v
e
r
n
m
e
n
t
s
l
a
n
d
s
u
p
p
l
y
s
t
r
a
t
e
g
y
.
A
c
c
o
u
n
t
a
b
i
l
i
t
y
I
n
d
i
c
a
t
o
r
O
r
i
g
i
n
a
l
T
a
r
g
e
t
2
0
1
2
-
1
3
A
m
e
n
d
e
d
T
a
r
g
e
t
2
0
1
2
-
1
3
A
c
t
u
a
l
R
e
s
u
l
t
2
0
1
2
-
1
3
V
a
r
i
a
n
c
e
%
E
x
p
l
a
n
a
t
i
o
n
o
f
m
a
t
e
r
i
a
l
v
a
r
i
a
n
c
e
s
T
o
t
a
l
C
o
s
t
(
$
0
0
0
)
8
,
6
7
9
6
1
,
8
5
0
6
1
2
.
6
%
T
h
e
v
a
r
i
a
n
c
e
i
s
m
a
i
n
l
y
d
u
e
t
o
e
x
p
e
n
s
e
s
a
s
s
o
c
i
a
t
e
d
w
i
t
h
f
u
n
d
i
n
g
p
r
o
v
i
d
e
d
v
i
a
a
T
r
e
a
s
u
r
e
r
s
A
d
v
a
n
c
e
f
o
r
t
h
e
g
r
a
n
t
t
o
P
a
c
e
F
a
r
m
t
o
c
o
n
v
e
r
t
o
p
e
r
a
t
i
o
n
s
f
r
o
m
c
a
g
e
t
o
b
a
r
n
e
g
g
p
r
o
d
u
c
t
i
o
n
s
,
a
n
I
n
s
t
r
u
m
e
n
t
u
n
d
e
r
S
e
c
t
i
o
n
s
1
4
a
n
d
1
6
o
f
t
h
e
F
i
n
a
n
c
i
a
l
M
a
n
a
g
e
m
e
n
t
A
c
t
1
9
9
6
t
o
c
o
n
v
e
r
t
f
u
n
d
i
n
g
f
r
o
m
c
a
p
i
t
a
l
i
n
j
e
c
t
i
o
n
t
o
G
o
v
e
r
n
m
e
n
t
P
a
y
m
e
n
t
f
o
r
O
u
t
p
u
t
s
m
o
r
e
a
p
p
r
o
p
r
i
a
t
e
t
o
t
h
e
o
p
e
r
a
t
i
o
n
a
l
e
x
p
e
n
d
i
t
u
r
e
b
e
i
n
g
i
n
c
u
r
r
e
d
a
n
d
a
l
s
o
t
h
e
t
r
a
n
s
f
e
r
o
f
c
o
m
p
l
e
t
e
d
i
n
f
r
a
s
t
r
u
c
t
u
r
e
c
a
p
i
t
a
l
w
o
r
k
s
t
o
o
t
h
e
r
A
C
T
G
o
v
e
r
n
m
e
n
t
a
g
e
n
c
i
e
s
(
$
4
4
.
5
m
)
w
h
i
c
h
w
e
r
e
n
o
t
i
n
c
l
u
d
e
d
i
n
t
h
e
o
r
i
g
i
n
a
l
t
a
r
g
e
t
.
144
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
S
t
a
t
e
m
e
n
t
o
f
P
e
r
f
o
r
m
a
n
c
e
F
o
r
t
h
e
Y
e
a
r
E
n
d
e
d
3
0
J
u
n
e
2
0
1
3
O
u
t
p
u
t
C
l
a
s
s
1
:
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
O
u
t
p
u
t
1
.
6
:
L
a
n
d
S
t
r
a
t
e
g
y
a
n
d
I
n
f
r
a
s
t
r
u
c
t
u
r
e
D
e
l
i
v
e
r
y
-
C
o
n
t
i
n
u
e
d
A
c
c
o
u
n
t
a
b
i
l
i
t
y
I
n
d
i
c
a
t
o
r
O
r
i
g
i
n
a
l
T
a
r
g
e
t
2
0
1
2
-
1
3
A
m
e
n
d
e
d
T
a
r
g
e
t
2
0
1
2
-
1
3
A
c
t
u
a
l
R
e
s
u
l
t
2
0
1
2
-
1
3
V
a
r
i
a
n
c
e
%
E
x
p
l
a
n
a
t
i
o
n
o
f
m
a
t
e
r
i
a
l
v
a
r
i
a
n
c
e
s
G
o
v
e
r
n
m
e
n
t
P
a
y
m
e
n
t
f
o
r
O
u
t
p
u
t
s
(
$
0
0
0
)
7
,
5
9
8
1
2
,
5
5
2
6
5
.
2
%
T
h
e
v
a
r
i
a
n
c
e
i
s
m
a
i
n
l
y
d
u
e
t
o
a
d
d
i
t
i
o
n
a
l
f
u
n
d
i
n
g
p
r
o
v
i
d
e
d
v
i
a
a
T
r
e
a
s
u
r
e
r
s
A
d
v
a
n
c
e
f
o
r
t
h
e
g
r
a
n
t
t
o
P
a
c
e
F
a
r
m
t
o
c
o
n
v
e
r
t
o
p
e
r
a
t
i
o
n
s
f
r
o
m
c
a
g
e
t
o
b
a
r
n
e
g
g
p
r
o
d
u
c
t
i
o
n
,
a
n
I
n
s
t
r
u
m
e
n
t
u
n
d
e
r
S
e
c
t
i
o
n
1
4
o
f
t
h
e
F
i
n
a
n
c
i
a
l
M
a
n
a
g
e
m
e
n
t
A
c
t
1
9
9
6
t
o
c
o
n
v
e
r
t
f
u
n
d
i
n
g
f
r
o
m
c
a
p
i
t
a
l
i
n
j
e
c
t
i
o
n
t
o
G
o
v
e
r
n
m
e
n
t
P
a
y
m
e
n
t
f
o
r
O
u
t
p
u
t
s
a
s
b
e
i
n
g
m
o
r
e
a
p
p
r
o
p
r
i
a
t
e
t
o
t
h
e
o
p
e
r
a
t
i
o
n
a
l
e
x
p
e
n
d
i
t
u
r
e
b
e
i
n
g
i
n
c
u
r
r
e
d
.
T
h
e
s
e
i
n
c
r
e
a
s
e
s
w
e
r
e
p
a
r
t
l
y
o
f
f
s
e
t
b
y
t
h
e
r
o
l
l
o
v
e
r
o
f
f
u
n
d
i
n
g
f
o
r
c
a
p
i
t
a
l
w
o
r
k
s
p
r
o
j
e
c
t
s
i
n
t
o
2
0
1
3
-
1
4
t
o
r
e
f
l
e
c
t
t
h
e
t
i
m
i
n
g
o
f
t
h
e
c
a
s
h
r
e
q
u
i
r
e
m
e
n
t
.
a
.
A
m
o
u
n
t
o
f
a
f
f
o
r
d
a
b
l
e
r
e
s
i
d
e
n
t
i
a
l
d
w
e
l
l
i
n
g
s
i
n
G
r
e
e
n
f
i
e
l
d
r
e
l
e
a
s
e
s
2
0
%
2
0
%
-
N
o
t
a
p
p
l
i
c
a
b
l
e
b
.
M
e
d
i
a
n
H
o
u
s
e
P
r
i
c
e
/
I
n
c
o
m
e
M
u
l
t
i
p
l
e
6
.
4
6
.
2
(
3
.
1
%
)
N
o
t
a
p
p
l
i
c
a
b
l
e
c
.
M
e
d
i
a
n
U
n
i
t
P
r
i
c
e
/
I
n
c
o
m
e
M
u
l
t
i
p
l
e
5
.
0
4
.
6
(
8
.
0
%
)
T
h
e
v
a
r
i
a
n
c
e
i
s
m
a
i
n
l
y
d
u
e
t
o
t
h
e
h
i
g
h
e
r
t
h
a
n
e
x
p
e
c
t
e
d
r
i
s
e
i
n
a
v
e
r
a
g
e
w
e
e
k
l
y
e
a
r
n
i
n
g
s
.
145
ECONOMIC DEVELOPMENT DIRECTORATE
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
S
t
a
t
e
m
e
n
t
o
f
P
e
r
f
o
r
m
a
n
c
e
F
o
r
t
h
e
Y
e
a
r
E
n
d
e
d
3
0
J
u
n
e
2
0
1
3
O
u
t
p
u
t
C
l
a
s
s
1
:
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
O
u
t
p
u
t
1
.
6
:
L
a
n
d
S
t
r
a
t
e
g
y
a
n
d
I
n
f
r
a
s
t
r
u
c
t
u
r
e
D
e
l
i
v
e
r
y
-
C
o
n
t
i
n
u
e
d
A
c
c
o
u
n
t
a
b
i
l
i
t
y
I
n
d
i
c
a
t
o
r
O
r
i
g
i
n
a
l
T
a
r
g
e
t
2
0
1
2
-
1
3
A
m
e
n
d
e
d
T
a
r
g
e
t
2
0
1
2
-
1
3
A
c
t
u
a
l
R
e
s
u
l
t
2
0
1
2
-
1
3
V
a
r
i
a
n
c
e
%
E
x
p
l
a
n
a
t
i
o
n
o
f
m
a
t
e
r
i
a
l
v
a
r
i
a
n
c
e
s
d
.
N
u
m
b
e
r
o
f
D
i
r
e
c
t
S
a
l
e
s
A
p
p
l
i
c
a
t
i
o
n
s
F
i
n
a
l
i
s
e
d
1
6
2
0
2
5
%
T
h
e
v
a
r
i
a
n
c
e
i
s
d
u
e
t
o
a
n
u
m
b
e
r
o
f
e
x
e
c
u
t
i
v
e
l
e
a
s
e
s
b
e
i
n
g
r
e
q
u
e
s
t
e
d
a
n
d
g
r
a
n
t
e
d
(
L
e
a
s
e
t
o
a
n
A
C
T
G
o
v
e
r
n
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
)
.
T
h
e
p
r
e
p
a
r
a
t
i
o
n
a
n
d
f
i
n
a
l
i
s
a
t
i
o
n
o
f
a
d
i
r
e
c
t
s
a
l
e
f
o
r
a
n
e
x
e
c
u
t
i
v
e
l
e
a
s
e
i
s
l
e
s
s
o
n
e
r
o
u
s
a
n
d
t
h
e
r
e
f
o
r
e
q
u
i
c
k
e
r
.
e
.
N
u
m
b
e
r
o
f
R
e
s
i
d
e
n
t
i
a
l
D
w
e
l
l
i
n
g
s
r
e
l
e
a
s
e
d
5
,
0
0
0
4
,
3
5
4
(
1
2
.
9
%
)
T
h
e
v
a
r
i
a
n
c
e
w
a
s
m
a
i
n
l
y
d
u
e
t
o
t
h
e
d
e
f
e
r
r
a
l
o
f
5
0
0
d
w
e
l
l
i
n
g
s
i
t
e
s
o
n
S
e
c
t
i
o
n
1
5
2
B
e
l
c
o
n
n
e
n
d
u
e
t
o
h
i
g
h
l
e
v
e
l
s
o
f
e
x
i
s
t
i
n
g
s
u
p
p
l
y
o
f
a
p
a
r
t
m
e
n
t
s
i
n
t
h
e
T
o
w
n
C
e
n
t
r
e
a
n
d
t
h
e
d
e
l
a
y
i
n
t
h
e
r
e
l
e
a
s
e
o
f
2
0
0
d
w
e
l
l
i
n
g
s
i
t
e
s
o
n
S
e
c
t
i
o
n
6
4
W
a
t
s
o
n
d
u
e
t
o
t
h
e
n
e
e
d
f
o
r
a
C
o
m
m
o
n
w
e
a
l
t
h
e
n
v
i
r
o
n
m
e
n
t
a
l
c
l
e
a
r
a
n
c
e
.
f
.
A
v
e
r
a
g
e
S
q
u
a
r
e
M
e
t
e
r
s
o
f
O
f
f
i
c
e
A
c
c
o
m
m
o
d
a
t
i
o
n
p
e
r
E
m
p
l
o
y
e
e
1
6
n
/
a
n
/
a
n
/
a
T
h
i
s
i
n
d
i
c
a
t
o
r
w
a
s
t
r
a
n
s
f
e
r
r
e
d
a
s
p
a
r
t
o
f
t
h
e
t
r
a
n
s
f
e
r
o
f
G
o
v
e
r
n
m
e
n
t
A
c
c
o
m
m
o
d
a
t
i
o
n
S
t
r
a
t
e
g
y
t
o
t
h
e
C
o
m
m
e
r
c
e
a
n
d
W
o
r
k
s
D
i
r
e
c
t
o
r
a
t
e
a
s
a
r
e
s
u
l
t
o
f
t
h
e
A
d
m
i
n
i
s
t
r
a
t
i
v
e
A
r
r
a
n
g
e
m
e
n
t
s
o
f
9
N
o
v
e
m
b
e
r
2
0
1
2
.
146
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
E
c
o
n
o
m
i
c
D
e
v
e
l
o
p
m
e
n
t
D
i
r
e
c
t
o
r
a
t
e
S
t
a
t
e
m
e
n
t
o
f
P
e
r
f
o
r
m
a
n
c
e
F
o
r
t
h
e
Y
e
a
r
E
n
d
e
d
3
0
J
u
n
e
2
0
1
3
O
u
t
p
u
t
1
.
6
:
L
a
n
d
S
t
r
a
t
e
g
y
a
n
d
I
n
f
r
a
s
t
r
u
c
t
u
r
e
D
e
l
i
v
e
r
y
-
C
o
n
t
i
n
u
e
d
E
x
p
l
a
n
a
t
i
o
n
o
f
a
c
c
o
u
n
t
a
b
i
l
i
t
y
i
n
d
i
c
a
t
o
r
:
a
.
T
h
e
a
f
f
o
r
d
a
b
l
e
r
e
q
u
i
r
e
m
e
n
t
f
o
r
G
r
e
e
n
f
i
e
l
d
r
e
l
e
a
s
e
s
i
s
i
m
p
l
e
m
e
n
t
e
d
t
h
r
o
u
g
h
t
h
e
L
D
A
s
a
l
e
s
c
o
n
t
r
a
c
t
a
n
d
e
n
f
o
r
c
e
d
t
h
r
o
u
g
h
t
h
e
d
e
e
d
m
a
n
a
g
e
m
e
n
t
s
y
s
t
e
m
.
T
h
e
t
a
r
g
e
t
r
e
f
e
r
s
t
o
t
h
e
e
n
t
i
r
e
e
s
t
a
t
e
o
v
e
r
t
h
e
l
i
f
e
o
f
t
h
e
r
e
l
e
a
s
e
a
n
d
i
s
n
o
t
r
e
s
t
r
i
c
t
e
d
t
o
t
h
e
a
n
n
u
a
l
r
e
s
i
d
e
n
t
i
a
l
d
w
e
l
l
i
n
g
s
r
e
l
e
a
s
e
d
.
T
h
e
t
e
r
m
A
f
f
o
r
d
a
b
l
e
r
e
f
e
r
s
t
o
a
d
w
e
l
l
i
n
g
s
o
l
d
i
n
a
c
c
o
r
d
a
n
c
e
w
i
t
h
t
h
e
G
o
v
e
r
n
m
e
n
t
s
A
f
f
o
r
d
a
b
l
e
H
o
u
s
i
n
g
T
h
r
e
s
h
o
l
d
s
P
o
l
i
c
y
.
G
r
e
e
n
f
i
e
l
d
l
a
n
d
r
e
f
e
r
s
t
o
l
a
n
d
t
h
a
t
i
s
l
o
c
a
t
e
d
o
u
t
s
i
d
e
t
h
e
e
x
i
s
t
i
n
g
u
r
b
a
n
b
o
u
n
d
a
r
y
o
f
t
h
e
A
C
T
.
T
h
e
l
a
n
d
i
s
g
e
n
e
r
a
l
l
y
l
o
c
a
t
e
d
o
n
t
h
e
o
u
t
e
r
e
d
g
e
o
f
t
h
e
e
x
i
s
t
i
n
g
u
r
b
a
n
a
r
e
a
a
n
d
r
e
q
u
i
r
e
s
s
u
b
d
i
v
i
s
i
o
n
,
r
o
a
d
c
o
n
s
t
r
u
c
t
i
o
n
,
c
o
n
n
e
c
t
i
o
n
t
o
s
e
r
v
i
c
e
s
a
n
d
n
e
w
r
e
t
a
i
l
,
e
d
u
c
a
t
i
o
n
a
l
a
n
d
c
o
m
m
u
n
i
t
y
f
a
c
i
l
i
t
i
e
s
.
T
h
e
2
0
1
2
-
1
3
o
u
t
c
o
m
e
c
o
m
p
r
i
s
e
s
t
h
e
r
e
l
e
a
s
e
o
f
1
,
7
0
0
d
w
e
l
l
i
n
g
s
a
t
D
e
n
m
a
n
P
r
o
s
p
e
c
t
.
b
.
T
h
e
h
o
u
s
e
p
r
i
c
e
/
i
n
c
o
m
e
m
u
l
t
i
p
l
e
i
s
t
h
e
r
a
t
i
o
o
f
a
n
n
u
a
l
i
s
e
d
a
v
e
r
a
g
e
w
e
e
k
l
y
e
a
r
n
i
n
g
s
(
f
r
o
m
t
h
e
A
u
s
t
r
a
l
i
a
n
B
u
r
e
a
u
o
f
S
t
a
t
i
s
t
i
c
s
)
a
s
a
m
u
l
t
i
p
l
e
o
f
t
h
e
m
e
d
i
a
n
h
o
u
s
e
p
r
i
c
e
a
s
p
u
b
l
i
s
h
e
d
m
o
n
t
h
l
y
b
y
R
P
D
a
t
a
/
R
i
s
m
a
r
k
.
c
.
T
h
e
u
n
i
t
p
r
i
c
e
/
i
n
c
o
m
e
m
u
l
t
i
p
l
e
i
s
t
h
e
r
a
t
i
o
o
f
a
n
n
u
a
l
i
s
e
d
a
v
e
r
a
g
e
w
e
e
k
l
y
e
a
r
n
i
n
g
s
(
f
r
o
m
t
h
e
A
u
s
t
r
a
l
i
a
n
B
u
r
e
a
u
o
f
S
t
a
t
i
s
t
i
c
s
)
a
s
a
m
u
l
t
i
p
l
e
o
f
t
h
e
m
e
d
i
a
n
u
n
i
t
p
r
i
c
e
a
s
p
u
b
l
i
s
h
e
d
m
o
n
t
h
l
y
b
y
R
P
D
a
t
a
/
R
i
s
m
a
r
k
.
d
.
F
i
n
a
l
i
s
a
t
i
o
n
o
f
a
d
i
r
e
c
t
s
a
l
e
m
e
a
n
s
t
h
a
t
t
h
e
s
a
l
e
h
a
s
b
e
e
n
a
c
h
i
e
v
e
d
o
r
t
h
a
t
t
h
e
o
f
f
e
r
h
a
s
b
e
e
n
a
s
s
e
s
s
e
d
a
s
n
o
t
m
e
e
t
i
n
g
c
r
i
t
e
r
i
a
a
n
d
h
e
n
c
e
w
i
t
h
d
r
a
w
n
.
e
.
T
h
i
s
i
n
d
i
c
a
t
o
r
c
o
v
e
r
s
t
h
e
n
u
m
b
e
r
o
f
d
w
e
l
l
i
n
g
s
i
t
e
s
r
e
l
e
a
s
e
d
.
f
.
D
i
s
c
o
n
t
i
n
u
e
d
i
n
d
i
c
a
t
o
r
.
T
h
i
s
i
n
d
i
c
a
t
o
r
c
o
v
e
r
s
t
h
e
a
c
t
u
a
l
u
t
i
l
i
s
a
t
i
o
n
r
a
t
e
o
f
s
q
u
a
r
e
m
e
t
e
r
s
o
f
o
f
f
i
c
e
a
c
c
o
m
m
o
d
a
t
i
o
n
p
e
r
e
m
p
l
o
y
e
e
.
T
h
e
i
n
d
i
c
a
t
o
r
w
a
s
t
r
a
n
s
f
e
r
r
e
d
t
o
t
h
e
C
o
m
m
e
r
c
e
a
n
d
W
o
r
k
s
D
i
r
e
c
t
o
r
a
t
e
a
s
a
r
e
s
u
l
t
o
f
t
h
e
A
d
m
i
n
i
s
t
r
a
t
i
v
e
A
r
r
a
n
g
e
m
e
n
t
s
o
f
9
N
o
v
e
m
b
e
r
2
0
1
3
.
147
ECONOMIC DEVELOPMENT DIRECTORATE
A.8StrategicIndicators
TheDirectoratehasidentiedeightstrategicindicatorsfor2012-13.Belowarethedetails
oftheDirectoratesperformanceagainsttheseindicators.
StrategicIndicator1DwellingSitesReleasedtoMeetLandReleaseProgram
Targets
EachyeartheDirectoratepreparestheGovernmentsfour-yearindicativelandrelease
programssettingouttheintendedprogramofresidential,industrial,commercialand
communitylandreleases.TheGovernmentsobjectiveistomeetdemandandestablish
aninventoryofservicedland.
In2012-13theGovernmentreleased4,354residentialdwellingsites,whichisbelowthe
originaltargetof5,000sites.Thisshortfallislargelyaconsequenceofthedeferralofa
largereleaseofapartmentsintheBelconnenTownCentreduetoanexistinghighlevelof
supply.
StrategicIndicator2AReductionintheMedianHousePrice/IncomeMultiple
Akeyobjectiveoftheresidentiallandreleaseprogramistopreventlandsupplyfrom
contributingtorapidlandpricechanges. TheMedianHouseandUnitPrice/Income
Multipleindicatormeasureschangesindwellingpricesrelativetochangesinincomesin
theACT.
Afallinthemultiplierindicatesanimprovementintheabilitytopurchaseahome,which
mostrecentlyhascomefromgrowingincomesandstabletofallingdwellingprices.
ThetargetfortheHousePrice/IncomeMultiplein2012-13was6.4andtheactual6.2,
whichisbetterthananticipated. Forunits,thetargetwas5.0andtheestimatedactual
outcomewas4.6,againbetterthantarget.
Itisanticipatedthatthisindicatorwillcontinuetofallastheresidentiallandrelease
programcontinuestodelivermoreresidentialdwellingsitesthusfurthereasingpressure
onlandprices.
StrategicIndicator3(a)ParticipationRateforAdultsinSportandPhysical
Recreation
TheABSpublication4156.0-SportsandPhysicalRecreation:AStatisticalOverview,
Australia,2012usingdatacollectedfrom4177.0ParticipationinSportandPhysical
Recreation,Australia,2012showsthattheACThasthehighestparticipationlevels
inAustraliawith80.3percentofCanberransparticipatinginsomesportandphysical
recreation.Thetablebelowshowstheparticipationratesbyagegroup:
148
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ECONOMIC DEVELOPMENT DIRECTORATE
CoordinationandDevelopmentofthe2013InfrastructurePlanUpdate
TheBranchcoordinatedthe2013UpdatetotheGovernmentsInfrastructurePlan,which
setsoutapipelineofprojectsoverthenexttenyearstomeettheeconomic,social,
andenvironmentalchallengesexpectedtoarisefromCanberrascontinuinggrowth
anddevelopment. The2013Update,forthersttime,alsonotedprivatesectorand
Commonwealthinfrastructureinitiativesinrecognitionoftheimportantroleofentities
otherthantheACTGovernmentinprovidinginfrastructureintheTerritory.
CoordinationandDevelopmentofoneConstructionSnapshot
TheBranchpreparedoneupdatetotheCanberraConstructionSnapshot,whichlists
majorresidential,commercialandinfrastructureprojectsoccurringintheACTand
includesprojectsfromboththepublicandprivatesectorsthatarealreadyunderway,as
wellasprojectsthatareplannedforthefuture.TheSnapshothighlightstheamountof
constructionactivityintheTerritory.
FutureDirections
Inthecoming2013-14nancialyeartheMinisterial,CabinetandPolicyBranch
anticipates:
deliveringkeygovernmenteconomicdevelopmentpolicyandprojectinitiatives
includingprogressingtheGrowth,DiversicationandJobsBusinessDevelopment
StrategyandcoordinationandimplementationofactionsincludedintheAffordable
HousingActionPlanPhaseIII;
progressingtheconsultationonanACTElectronicGamingMachineTradingScheme;
investigatingthefeasibilityofco-administrationandco-locationofthethreeACT
racingclubs;
deliveringfurtherredtapereductionlegislationandinitiatives;and
thepreparationoftwoconstructionsnapshotsandupdatingtheInfrastructurePlan.
Furtherinformationmaybeobtainedfrom:
MsLouiseGilding
ExecutiveDirector
Ministerial,CabinetandPolicy
Phone: +61262050740
Email: louise.gilding@act.gov.au
154
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
MigrationandInformationServices(MIS)offersafreesettlementsupportservicetoassist
ACTnominatedskilledworkerssettleinCanberraandndemployment.
Settlementsupportwasprovidedto436skilledmigrantscomprisingMigrantandRefugee
SettlementServices(MARSS),jobpreparationsupportto198migrantsandspouses,and
internalDirectoratepreandpostarrivalsupportto238migrants.
SkilledMigrationOfcialsGroup
ConvenedquarterlybytheDepartmentofImmigrationandCitizenship(DIAC),the
SkilledMigrationOfcialsGroup(SMOG)providesaforumfortheCommonwealthand
state/territorygovernmentstodiscussproposalsandnewinitiatives,shareinformation,
considerissuesandfurtherdevelopstrategiesarisinginimplementationofpoliciesin
relationtoskilledmigration.ThesemeetingsoftenagchangestoDIACspolicyand
processesandenablejurisdictionstocommunicatepotentialimpactsthatproposed
changesmighthaveontheirownpoliciesandprocesses.ACTGovernmentparticipated
infourofthesemeetings.
TheACTGovernmentisalsorepresentedontheMinisterialAdvisoryCouncilonSkilled
Migration(MACSM),ahighlevelconsultationandadvisorybodythatreportsdirectlytothe
MinisterforImmigrationontheimpactofskilledmigrationontheAustralianeconomyand
labourmarket.Thisisalegislated18membersCouncilcomprisingtheMinister,anequal
numberofbusinessandunionleaders(foureach),anacademic,andseniorpublicservice
representativesfromeachstateandterritory(eight).ThetermofMACSMisfrom
1July2012to30June2014.Thefullcouncilmetthreetimesin2012andtwicein2013.
RedevelopmentofBusinessDevelopmentPortalwww.business.act.gov.au
TheACTGovernmentsonlineinformationinterfacewiththebusinesscommunityhas
beenmodernised,providinggreaterleadership,functionalityandcommunicationaround
businessinformation.TheredevelopedGovernmentBusinessPortalwaslaunchedin
March2013.
ThePortalwentthroughextensiveplanningtoestablishtheuserrequirementsincluding
theengagementofanexternalconsultantinlate2012.Thisprocessidentiedthegoals
andobjectives,keymessagesandtargetaudienceforthewebsite.
ThePortalusestheACTGovernmentsSinglePublicFacetemplateandhasbeen
developedonaWeb2.0platformallowingforuserinteraction.Followingtheconsultancy
recommendations,thisincludesablogwithcommentingfunctionality,RSSfeedsaswell
associalmedialinkagestonewBusinessDevelopmentTwitterandFacebookaccounts.
Itisalsosupportedbyemailmarketingincludinganupdatedmonthlynewsletter.
ThePortalhasbeenbuilttocomplywiththecurrentrequirementsundertheWebsite
ContentAccessibilityGuidelines2.0andisdesktop,mobileandtabletcompatible.
DecommissioningofACTBusinessLicenceInformationService
TheACTBusinessLicenceInformationService(ACTBLIS)wasdecommissionedon
30August2012followingthesuccessfultransitionanddatamigrationofACTregulatory
contenttotheBusinessOnlineServicesprojectsAustralianBusinessLicenceand
InformationService(ABLIS).Thenationallycoordinatedsystemprovidesinformation
concerningthebusinesslicences,registrations,permitsandapprovalsrequiredtosetup
andoperateabusinessinAustralia.Contentismaintainedbyeachjurisdiction.Theonline
serviceisassistedintheACTbytelephonesupportthroughtheDirectoratesBusiness
Development1800244650contactline,staffedbyCanberraConnect.
167
ECONOMIC DEVELOPMENT DIRECTORATE
BusinessOnlineServicesACTimplementation
BusinessDevelopmentcontinuedtorepresenttheACTindeliveryoftheBusiness
OnlineServices(BOS)projectthroughout2012-13.BOSisacollaborationbetween
states,territoriesandtheAustralianGovernment,andisakeyelementoftheSeamless
NationalEconomyreformsundertheCouncilofAustralianGovernments(COAG)agenda.
Itaimstomovebusinessestoaseamlessonlineexperiencewithgovernmentsfor
complianceandsupportfunctionsandservices.BOSdeliverstwonationallycoordinated,
interconnectedsystems(AustralianBusinessAccountorABAandAustralianBusiness
LicenceandInformationServiceorABLIS)tohelpbusinessesmanagetheircompliance
obligationswithalllevelsofgovernment.
FollowingthesuccessfulmigrationofalljurisdictionstoABLISduring2012-13,theproject
continuestodeliversystemenhancementsthroughplannedreleases.InApril2013,
promotionofthesystemstothepubliccommenced.BusinessDevelopmentispromoting
toACTGovernmentagenciesthebenetsofusingABAtointeractwithbusiness.ACT
GovernmentagencyuptakeoftheABAenabledservicesisthekeytolocalbusinesses
gainingthefullbenetsoftheBusinessOnlineServices.AnACTABApilotprojectis
currentlybeingplannedfordeliveryin2013-14.
FutureDirections
In2013-14theBusinessDevelopmentBranchwillcontinuetofocusonthreepolicy
prioritiesarticulatedinGrowth,DiversicationandJobs:ABusinessDevelopment
StrategyfortheACT.Anewfouryeardeliveryarrangementwillbeputinplacefor
CanberraBusinessPoint,theGovernmentskeysmallbusinessadvisoryprogram,and
wewillcontinuetoprogressincrementalimprovementsinourcommunicationsand
informationinterfacewiththebusinesscommunity,particularlyforsmallandmicro
businesses.Ininnovationprogramdelivery,theDirectoratewillcontinuetoworktobring
togethertheACTsemerginginnovationecosystemwhereprogramssuchasInnovation
Connect,LighthouseandNICTAplaysuchacrucialrolealongsidetheactivitiesofour
researchinstitutionsandprivatesectorplayers.
TheDirectoratewillcontinuetoactivelysupporttradeandinvestmentfacilitationincluding
implementationoftheInvestACTStrategywhichwillbenalisedinNovember2013,
andbeddingdowntheGovernmentsGlobalConnectElectionCommitmentwhich
wasfundedinthe2013-14Budget.TheDirectoratealsohasanactiveroletoplay
insupportingothereconomicdevelopmentobjectivessuchasthenationalindustry
partnershipsprogram,regionaldevelopment,DigitalCanberraandthegrowthofour
educationexportssectorthroughinitiativessuchasStudyCanberra.
Furtherinformationmaybeobtainedfrom:
MrIanCox
ExecutiveDirector
BusinessDevelopment
Phone: +61262072004
Email: ian.cox@act.gov.au
168
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
maximisethetourismopportunitiesassociatedwithACTnationalsportingteams
andinparticularsupportthepartnershipswiththeUniversityofCanberraBrumbies,
CanberraRaidersandGreaterWesternSydney(GWS)Giants.
Furtherinformationmaybeobtainedfrom:
MrIanHill
Director
AustralianCapitalTourism
Phone: +61262050012
Email: ian.hill@act.gov.au
173
ANNUAL REPORT 2012-13
Designplanningcontinuestobeprogressedforthefutureconstructionofcommunity
sportinginfrastructureincludingsportseldsandanenclosedoval.Thisworkalso
includessitingoptionsforanaccommodationfacilityservicingtheschoolexcursion
marketandeventvisitors. AStrategicBushreManagementPlanhasbeenpreparedfor
theparkthatwillguiderefuelreductionandcontainmentworksoverthenextveyears.
StromloForestParkalsoparticipatedinthesuccessfulHumanBrochurecampaign.
TwosessionswereheldatStromloForestParkinOctober2012andFebruary2013.
ImplementingtheACTMotorsportStrategy
TheACTMotorsportFundwasintroducedtopromoteandgrowparticipationinlocal
motorsportactivities. InAugust2012theGovernmentawardedapproximately
$813,000ingrantfundingtoeightcommunitymotorsportorganisationsunderRound
2oftheCommunityMotorsportDevelopmentProgram(CMDP).Themajorityofgrant
paymentswereforcapitalimprovementstoclubfacilities.TheFundisalsopartofthe
GovernmentsACTIVE2020strategythataimstoincreasebroadbaseparticipationin
sportandrecreation,developingeliteperformanceandensuringaccesstosustainable
andqualitysportinginfrastructure.
TheotherprimaryactivityundertakenbyTVEisthecontinueddevelopmentofanoff-road
motorcycleridingvenue.Thereisdemandandcommunitysupportforasafe,accessible
andlegaloff-roadmotorcyclefacilityintheACT.Thelackofalegalalternativehasmeant
thattherehasbeenconsiderableillegalactivity,particularlyinnaturereserves,resulting
inenvironmentaldamageandongoingmanagementandpolicingissuesinNamadgi
NationalParkandanumberofotherareas.TheDirectorate,inconsultationwiththe
TerritoryandMunicipalServicesDirectorateandstakeholdergroups,hasprepareda
masterplanforafacilitywithinthePiercesCreekforest.ADevelopmentApplicationfor
thefacilityisanticipatedtobelodgedinJuly2013.
FutureDirections
In2013-14,TerritoryVenuesandEventswill:
continuetomanageanddeliverthescheduledprogramofeventsatourvenues;
implementcapitalupgradeworksprogramatourvenues;
supporttheongoingplanningsurroundingthefutureofCanberraStadium;
supporttheredevelopmentprojectatManukaOval;
overseethefuturedevelopmentplanningunderwayforStromloForestPark;
continuetodevelopandimplementcommercialoptionsforStromloForestPark;
continuetoseeknamingrightssponsorforCanberraStadium;
continuetoimplementtheACTMotorsportStrategy;and
supporttheongoingworkwiththeAustralianSportsCommissiontonalisethe
long-termownershiparrangementsforCanberraStadium.
179
ECONOMIC DEVELOPMENT DIRECTORATE
FutureDirections
In2013-14,EventsACTwill:
continuetodevelopanddelivertheACTGovernmentsprogramofevents;
continuetodeveloptheEventCoordinationGroup(ECG)andthenew
events.act.gov.auwebsitewhichwillactasaportalforallmajorACTevents;
amalgamatetheACTFestivalFundandEventsAssistanceProgramintoasinglefund
(withtwotiers)calledtheACTEventFund;
developanEventSelectionandEvaluationtooltoformthebasisoftheACTEvent
Strategy;
continuetosupporttheACTeventsandfestivalssectorthroughtheACTEventFund;
continuetoworkwithotherjurisdictionstodeliverasuccessful2015AFCAsian
FootballCup;and
workwithotherjurisdictionsandthelocalorganisingcommitteeontheplanningand
deliveryoftheICCCricketWorldCup2015.
Furtherinformationmaybeobtainedfrom:
MrNealeGuthrie
GeneralManager
VenueandEventServices
Phone: +61262072294
Email: neale.guthrie@act.gov.au
186
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Output1.6LandStrategyandInfrastructureDelivery
InfrastructureandCapitalWorks
BusinessOverview
TheInfrastructureandCapitalWorks(I&CW)branchidenties,managesanddelivers
capitalprojectsthatsupporttheGovernmentsLandReleaseProgram.Theseprojects
includearterialroads,majorintersectionredesignandenvironmentalmeasuressuchas
ponds. I&CWalsodeliversotheridentiedmajorprojectsfortheACTincludingsporting
groundredevelopments,newofcebuildingsandmajorcity/towncentreimprovements.
CapitalWorksCoordination
ProjectStatus:
TheValleyAvenueExtensiontoGundarooDriveandtheMitchell-SandfordStreet
ExtensiontotheFederalHighway,wasdeferredduetodelaysinthelandreleases
thattheprojectsupports.
Fourdesignprojects,GungahlinTownCentreRoads;SewerandPedestrian
BridgeovertheMolongloRiver;MolongloSewer3Central;andtheWodenValley
StormwaterRetardationBasins,areallindesignandareexpectedtobecompleted
earlyin2013-14.Designprojectscompletedinclude:
UriarraLinkRoadandIntersectionsUpgrade;
MolongloTrunkSewerExtensionandStormwaterDiversiontoHoldensCreek;
300mmwatermaininUriarraRoad,CravensCreekmasterplanning;and
MolongloGroupCentrehydraulicsmasterplanning.
Constructionprojectscompletedin2012-13includeBartonIntersectionupgrades;
KennyRemediationContamination;andtheCotter-Kirkpatrickintersection.
MajorongoingconstructionworksintheMolongloValleyareprogressingwell,
includingJohnGortonDriveStages1Dand2A,theUriarraLinkRoadandthe
NorthWestonRoadIntersections.ThetwoHorseParkDriveprojectsinGungahlin
arealsoprogressingwell.
NewInitiatives:
TheDirectorateinitiatedjointsafetyauditsofboththecontractorandsuperintendent
onallconstructionprojects,toassistconstructionteamstoadoptajointrisk
assessmentandriskminimisationprocessonoursites.Thisassistsourstaffand
contractorstomeettheirobligationsinachievingtheimplementationofthe
GettingHomeSafelyReport.
Thedevelopmentandimplementationofanoverallprogramforworksinthe
MolongloValley,includingtheDirectorate,LDA,ACTEWandotherserviceproviders,
hasfacilitatedtheearlyreleaseoftheDenmanProspect.Withoutthiscoordination
andcollaboration,therewouldhavebeenlesscertaintyandgreaterriskforpotential
tenderers,andthereforegreaterpotentialcoststothegovernment.
187
ECONOMIC DEVELOPMENT DIRECTORATE
Indicator 2011-12 result 2012-13 result % change
Water consumption
Totalwateruse(kilolitres) 840,797.27 1,355,145.00 61.2%
OfcewateruseperFTE(kL/FTE) n/a n/a n/a
Ofcewaterusepersquaremetre(kilolitres/m
2
) n/a n/a n/a
Resource efciency and waste
Estimateofco-mingledofcewasteperFTE(litres) 284.06 464.06 63.3%
Estimateofpaperrecycled(L) 74,530 83,413 11.9%
Estimateofpaperused(reamsperFTE) 2,962 2,465 -16.8%
SOCIAL
Diversity prole of our workforce (headcount)
Women(headcountpercentageofthetotalworkforce) 50.2% 51.6% 2.8%
Peoplewithadisability(headcountasapercentageof 2.7% 2.3% -14.8%
thetotalworkforce)
AboriginalandTorresStraitIslanderpeople(headcount 0.9% 1.4% 55.6%
asapercentageofthetotalworkforce)
StaffwithEnglishasasecondlanguage(headcountasa 6.2% 6.5% 4.8%
percentageofthetotalworkforce)
Staff health and wellbeing
OH&SIncidentReports 19 44 131.6%
Acceptedclaimsforcompensation(asat30June 4 3 -25.0%
2013)
Staffreceivinginuenzavaccinations 79 104 31.6%
Workstationassessmentsrequested 25 12 -52.0%
1. Thetotalownsourcerevenueandtotalexpenditureindicatorsfor2011-12havebeenadjustedconsistent
withthe2012-13FinancialStatements. Theadjustmentshavebeenmadetoallowadirectcomparisonwith
the2012-13indicators,whichreectachangeintheaccountingtreatmentofboththeDirectoratesrevenues
andexpenditure.Thechangeshavenotimpactedthe2011-12operatingresult.
Furtherinformationmaybeobtainedfrom:
MsAnitaHargreaves
Director
WorkforceandGovernance
Phone: +61262059626
Email: anita.hargreaves@act.gov.au
196
S
e
c
t
i
o
n
B
ANNUAL REPORT 2012-13
Line Area Project Consultation
Process (tools
used)
Groups/
Individuals
consulted
Approximate
number
consulted
and number
of times
Outcome
Sportand Canberra Emails,meetings Communityswim 30 Settingof2013-14Fees
Recreation OlympicPool clubs,WaterPolo representatives andChargesforCanberra
Services andLakeside
Leisure
clubs,Swimming
ACT,WaterPolo
2xmeetings
OlympicPoolandLakeside
LeisureCentre.
Centre2013- ACT,Swimming
1xemail
14Feesand Australia,Royal
Charges LifeSaving
SocietyACT,
ACTSport
Sportand Gungahlin Meetings, SwimmingACT, 35 Opportunityfor
Recreation
Services
Leisure
Centre
presentation WaterPolo
ACT,Gungahlin
3xmeetings
stakeholderstoview
reviseddesignplans
College,Gungahlin
1x
aspertheirinputprior
Community
presentation
tocommencementof
Council construction.
Furtherinformationmaybeobtainedfrom:
AlisonAbernethy
SeniorManager
CommunicationsandMedia
Phone: +61262074553
Email: alison.abernethy@act.gov.au
205
ECONOMIC DEVELOPMENT DIRECTORATE
B.2InternalandExternalScrutiny
TheDirectoratehasnothadanyscrutinyreportdevelopedortabledbytheACT
Ombudsman.OneACTAuditor-Generalsreportwastabledduringthereportingperiod
thatpertainstotheDirectorateasreportedbelow.
FurtherinformationabouttheactionsoftheDirectoratesAuditCommitteecanbefound
insectionC.1ofthisreport.
Recommendations/
Outcome of Inquiry
Response to the Outcome of Inquiry Implementation Status as
at 30 June 2013
Auditor-Generals Report No 1/2012: Monitoring and minimising harm caused by Problem Gambling
in the ACT
Recommendation 4: ACT
Government opportunities
to integrate activities
TheACTGamblingand
RacingCommissionandACT
Governmentagencies(such
astheHealth,Community
Services,Educationand
Training,andEconomic
DevelopmentDirectorates)
shouldidentifyopportunities
forintegratingtheiractivities
tominimiseharmcausedby
problemgambling.
Government Response: Agreed
Sharingofknowledgehasalreadyoccurredacross
someareas,includingeducationandcommunity
services.Furthercoordinationofstakeholder
activitywillbejointlycoordinatedbytheEconomic
DevelopmentDirectorateandtheCommission.
Ongoing implementation.
EDDcontinuestoliaisewith
theACTGamblingandRacing
Commissiononarangeof
gamingandwageringpolicy
andharmminimisation
matters. Thiswillensurethat
whereappropriatethereisa
coordinatedandintegrated
effortacrossagencies.
Forexample,inrelationto
thepossibledevelopment
anddeliveryofanytrialof
mandatorypre-commitment
forgamingmachines.
Recommendation 9: Set a
time frame and strategy
to reach the lower gaming
machine cap
TheACTGovernmentshould
setatimetoachievethe
4000gamingmachinecap
andimplementstrategiesto
meetthetarget.
Government Response: Notagreed
TheGovernmentsviewisthataprescriptive
timetabletoachievethereducedcapwouldbe
undulydisruptivetotheclubsector.Specically,
suchdisruptionmaypotentiallyaffecttheservices
enjoyedbymembersofclubs,andthecommunity
activitiesthatclubscurrentlysupport.
TheGovernmentnoteschangealreadyunderway
intheACTclubindustry,withmanyclubs
wantingtodiversifytheirsourcesofincome,a
processwhichislikelytobeaccompaniedby
thecontinuingvoluntarydivestmentofgaming
machinesbyclubs.
TheGovernmentdidnotagree
withthisrecommendationand
nofurtheractionhasbeen
taken.
Furtherinformationmaybeobtainedfrom:
MsLouiseGilding
ExecutiveDirector
Ministerial,CabinetandPolicy
Phone: +61262050740
Email: louise.gilding@act.gov.au
206
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ECONOMIC DEVELOPMENT DIRECTORATE
Recommendation Government Response Directorate Implementation
Recommendation 3
TheCommittee
recommendsthattheACT
Governmentestablisha
landbankwithaminimum
of2,000shovel-ready
blocksofvarioussizesto
beavailableatalltimes.
Government Position: Agreed-in-part
WhiletheACTGovernmentiscommittedto
establishinganinventoryofservicedland,further
workisrequiredtodeterminethelevelatwhichthis
inventoryshouldbemaintained.
Preliminaryanalysissuggeststhatamuchsmaller
inventorythanthatsuggestedbythecommittee
wouldbeappropriategiventhecostsassociated
withestablishingandmaintainingthisinventory.
Additionalworkhasbeen
carriedoutondetermining
anappropriateinventoryof
servicedlandinthecontext
ofongoingdemand.The
DirectoratesDemandand
Supplymodelwassigned
offbyallACTGovernment
agenciesinMarch2013and
includedarecommended
servicedlandinventoryof
500blocks. TheGovernment
hascontinuedtoreleaseland
inanefforttosatisfypent
updemandandbuildthis
inventoryover2013-14andin
futureyears.
Recommendation 4
TheCommittee
recommendsthattheACT
Governmentensurethat
theLandDevelopment
Agencyestablishquarterly
targetsforover-the-counter
salesandreportquarterly
totheACTLegislative
Assemblyonthesesales.
Government Position: NotAgreed
Targetsforlandreleasearecurrentlysetout
throughannualIndicativeLandReleasePrograms.
However,intheinterestofmaintainingexibility
andacapacitytorespondtochangingmarket
conditionsandotherfactorsbeyondtheACT
Governmentscontrol(suchasCommonwealth
environmentalclearanceprocesses),itisthe
Governmentsintentiontomovetoafour-year
rollingprogram,withsix-monthlyreviews.
Landisreleasedtomarketthroughengloboand
privatesectorreleases,throughjointventuresand
viaLDAestates.Inrecentyears,LDAestateshave
generallybeenreleasedthroughballotsandby
auction,however,therehavealsobeeninstances
whereoverthecountersaleshaveoccurred.
AstheLDAbeginstoestablishaninventoryof
servicedland,overthecountersalesarelikelyto
becomemorecommon.However,andagaininthe
interestofmaintainingexibility,theGovernment
doesnotsupportestablishingandreportingagainst
atargetforthesesales.
TheGovernmentdidnotagree
withthisrecommendation.
Recommendation 5 Government Position: Agreed Implementationofthis
TheCommittee Wherepossible,theLDAisalreadyconducting
recommendationisongoing.
recommendsthat,in over-the-countersales.
accordancewiththe
AffordableHousingAction
Plan,theACTGovernment
conductregular
over-the-countersales
forblocksfromLand
DevelopmentAgency
estates.
226
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Recommendation
RECOMMENDATION 12
TheCommitteerecommendsthattheMinisterforEconomicDevelopmentupdatetheLegislativeAssemblybythelast
sittingdayinAugust2013ontheoutcomeoftheEconomicDevelopmentDirectoratesdiscussionswithIndigenous
representativestoassistwiththepromotionoftourismandecotourismopportunities.
RECOMMENDATION 13
TheCommitteerecommendsthattheEconomicDevelopmentDirectorate,aspartoftheDirectoratesinitiatives
supportingindigenousbusinessintheACT,shouldgiveconsiderationtoformalisingalinkagewithIndigenous
BusinessAustralia.
RECOMMENDATION 14
TheCommitteerecommendsthat,asfurtherdevelopmentsarisewithregardtotheestablishmentofasingleracing
industryadministrativebodyandtheco-locationofthethreeracingcodesatonelocation,theMinisterforRacingand
GamingshouldmakeastatementinformingtheACTLegislativeAssembly.
RECOMMENDATION 15
TheCommitteerecommendsthattheMinisterforTourismandEventstableintheACTLegislativeAssembly,when
nalised,thereportoftheevaluationoftheCentenaryofCanberraprogram,eventsandactivities.
RECOMMENDATION 16
TheCommitteerecommendsthattheresponsibleMinistershouldupdatetheAssemblyonitsprogressinits
negotiationswiththeFederalGovernmentandco-investmentinitiativesforanewconventioncentre.
Furtherinformationmaybeobtainedfrom:
MsLouiseGilding
ExecutiveDirector
Ministerial,CabinetandPolicy
Phone: +61262050740
Email: louise.gilding@act.gov.au
229
ANNUAL REPORT 2012-13
Name of Member Position Duration Meetings attended
DermotWalsh Observer(EDD) Fullyear 5
BrettStanton Observer(ACTAuditOfce) Fullyear 2
JordanLangford-Smith Observer(ACTAuditOfce) Partyear 3
DavidOToole Observer(ACTAuditOfce) Partyear 1
ImogenDavis Secretariat Fullyear 6
RiskManagement
InaccordancewiththerequirementsoftheACTGovernmentEnterprise-WideRisk
ManagementFramework,ariskmanagementpolicyandframeworkisinplacetosupport
EDDtoeffectivelyachieveitsobjectives.TheDirector-General'sFinancialInstruction
No1.2RiskManagementdetailstheprimaryresponsibilitiesandaccountabilities
inrelationtoriskmanagementandrelatedreporting.Additionally,theEDDRisk
ManagementFrameworkandPolicyStatementsetsouttheobjectives,processesand
accountabilitiesforthemanagementofriskwithinEDDsuchthatitissystematic,strategic
andeffective.TheEDDRiskRegisterandPlanidentiesthekeyDirectoraterisks,their
causes,impactsandmitigationstrategies. Thesedocumentswereapprovedbythe
SeniorExecutiveCommitteeinSeptember2012(followingareviewoftheJune2012
versionofthesedocuments)toensuretheirrobustness.TheiravailabilityviatheEDD
IntranetwashighlightedtostaffinaDecember2012allstaffmessagefromthe
Director-General.
EDDsriskmanagementpolicy,frameworkandplansareformallyreviewedatleastevery
threeyears.ProcesseshavebeenimplementedtoensuretheEDDRiskRegisteris
regularlymonitored,updatedasrelevantbyExecutivesandbusinessunits,andreviewed
bytheSeniorExecutiveandAuditCommittees. Areviewwascompletedinthesecond
halfofthereportingyeartoidentifychangestorecordedrisks,identifynewrisks,and
reviewrisktreatmentsandtheeffectivenessofcontrolsinplace.TherevisedRegister
wasapprovedinMay2013.Businessunitsalsoincluderisksandtreatmentsfromthe
organisationalriskmanagementplan,andbusiness-specicrisksintobusinessand/or
projectplans.
EDDhasrecentlyrevieweditsIntranetsitetoensureitprovidesreadyaccessto
informationtoassiststaffwithintheDirectorateinrelationtoriskmanagementincluding
availabletraining. AMay2013allstaffmessagefromtheDirector-Generalencouragedall
stafftoattendriskmanagementtrainingasrelevanttotheirworkinEDD.
Furtherinformationmaybeobtainedfrom:
MsAnitaHargreaves
Director
WorkforceandGovernance
Phone: +61262059626
Email: anita.hargreaves@act.gov.au
235
ANNUAL REPORT 2012-13
SeniorExecutiveResponsibleforBusinessIntegrityRisk
TheDirector,WorkforceandGovernanceistheDirectoratesSeniorExecutive
ResponsibleforBusinessIntegrityRisk(SERBIR)andmanagesinformationpertainingto
actual,allegedorsuspectedcasesoffraud. TheEDDSeniorExecutiveCommitteeand
AuditCommitteereceiveregularreportsfromtheSERBIR.
During2012-13theinstanceofpotentialfraudidentiedandreportedinEDDs
2011-12AnnualReportwasnalised,thematterrectiedandaformalwarninggiven.
Oneincidentofsuspectedfraudulentbehaviourrelatingtopettycashhandlingwas
reportedandaninvestigationwascompletedduringthe2012-13period. Asaresult
oftheinvestigation,changeshavebeenmadetotheprocessesfollowedandtraining
providedtorelevantstaff.
Furtherinformationmaybeobtainedfrom:
MsAnitaHargreaves
Director
WorkforceandGovernance
Phone: +61262059626
Email: anita.hargreaves@act.gov.au
237
ECONOMIC DEVELOPMENT DIRECTORATE
C.3PublicInterestDisclosure
PublicInterestDisclosure(PID)Procedures
Duringthe2012-13reportingyear,twodifferentpiecesoflegislationwereinplaceto
regulatepublicinterestdisclosures(PIDs),alsoknownaswhistle-blowing.ThePublic
InterestDisclosureAct1994providedavehicleforanymembersofthepublic,including
ACTpublicservants,toreportwrongdoingintheACTpublicsector,andprovidedrights
andprotectiontopersonswhoreportedwrongdoing.Underthatpieceoflegislation,
inearlySeptember2012theDirectoratepreparedaguidancedocumentsettingout
theproceduresthattheDirectoratewouldusetoreceive,investigateandmanagea
publicinterestdisclosure.ThisdocumentwasplacedontheDirectorateswebsiteand
promulgatedtoallstaffviaemail.
ThenewPublicInterestDisclosureAct2012(theAct)commencedon1February
2013,andimprovesonthepreviouslegislationbybroadeningandclarifyingthetypes
ofwrongdoingthatfallwithinthedenitionofdisclosableconduct;establishingaclear
reportingpathwayforthereceiptandhandlingofdisclosures;andprovidingspecic
circumstancesunderwhichadisclosurecanbemadetoathirdparty.
AsrequiredundertheAct,theCommissionerforPublicAdministrationsofceprepared
PublicInterestDisclosureGuidelines2013(theGuidelines)toassistACTPublicSector
entitiestomeettheirobligationsunderthenewlegislation. TheGuidelinesareanotiable
instrument(NI2013-40)whichcameintoeffecton7June2013.
TheActalsorequirestheDirectoratetopublishspecicproceduresdetailinghow
PIDswillbemanaged. TheproceduresmustdetailhowtheDirectoratewillmeetthe
obligationstoprotectdisclosersandhowtheDirectoratewillassessandmanagetherisk
ofreprisalsagainstpeoplewhomakeaPID,orareinvolvedorimplicatedinaPID.The
proceduresmustalignwiththeCommissionerforPublicAdministrationsguidelines.The
Directoratesproceduresarecurrentlybeingnalised.
PIDStatistics
Duringthe2012-13reportingyeartheDirectoratewasreferredonecomplaint,from
theCommissionerforPublicAdministration. Carefulconsiderationwasgiventothe
complainttoassesswhetheritconstitutedapublicinterestdisclosure.Theoutcomeof
theassessmentwasthatthecomplaintdidnotamounttoapublicinterestdisclosurefor
thepurposesoftheAct. Thecomplainantwasadvisedaccordingly.
Furtherinformationmaybeobtainedfrom:
MsAnitaHargreaves
Director
WorkforceandGovernance
Phone: +61262059626
Email: anita.hargreaves@act.gov.au
238
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ECONOMIC DEVELOPMENT DIRECTORATE
ReferralstotheACTCivilandAdministrativeTribunal(ACAT)
Request to ACAT Afrmed Overturned Not yet nalised
0 0 0 0
FeesandCharges(Forrequestswith>10hoursprocessingtime)
Fees Charged Total Amount Collected
$1,935.00
5
$0.00
ApplicantType
Member of Public Solicitor Association/
Organisation
MLA Company
7
6
2 3
8
7
4
RequeststoAmendPersonalRecords(Section48)
Section48oftheFOIActprovidesforaperson,underspeciedcircumstances,toask
forpersonalinformationinthedocumentstobeamendedifheorshebelievestheyare
incomplete,incorrect,outofdate,ormisleadingprovidingthepersonestablishesoneof
thesegrounds.
Requests Afrmed Overturned Ongoing
0 0 0 0
1. Inordertonalisethisrequestanextensionwasgrantedbytheapplicant.TheFOIrequestwascompleteda
dayaftertheoriginal30daydeadline.
2. TechnicalRefusalreferstorequestsinwhichtheDirectorateholdsnodocumentswithinthescopeofthe
applicantsrequest.
3. WhilstnorequestsweretransferredinfulltoanotherDirectorate,threerequeststotransferweredeclined
bytherespectiveDirectoratesduetotherequesteddocumentsnotbeinginexistence.Tworequestswere
partiallytransferredinwhichtherelevantDirectoratewasrequiredtofacilitatetheprocessingoftherequestin
additiontotherequestprocessedbytheDirectorate.
4. Thedecisiondeemedoverturnedwasduetothesingledraftdocumentrequested,notbeenfoundinthe
originalsearchfordocuments.
5. ThisgurerepresentsaconservativeestimateofchargesinrelationtothreeFOIrequestscoveringthe
samescope,receivedfromaMemberoftheLegislativeAssembly(MLA).Followingtheletteradvisingofthe
quantumofchargestobeimposed,thethreerequestswerewithdrawnthereforenofeeswerereceived.
6. Ofthesevenrequestsfrommembersofthepublic,verequestsrelatedtotheWilliamsdaleaireldproposal.
7. MLAshadinterestinavarietyoftheDirectoratesactivitiesincluding:theterminationoftheCanberra
IntegratedUrbanWaterwaysProject(partB,stage1),theParliamentaryAgreementbetweenACTLaborand
theACTGreens(November2013),theCapitalMetroproject;andcommunicationbetweentheDirectorate
andtheMinistersofcearoundthetimeofthecaretakerperiod.
Furtherinformationmaybeobtainedfrom:
MsAnitaHargreaves
Director
WorkforceandGovernance
Phone: +61262059626
Email: anita.hargreaves@act.gov.au
242
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ECONOMIC DEVELOPMENT DIRECTORATE
DeputyDirector-General,EconomicDevelopment,PolicyandGovernance
CathyHudson
TheEconomicDevelopment,PolicyandGovernance
Divisionprovidesstrategicadviceandsupportforthe
Directorateonpolicydevelopment,servicedelivery,
internalandexternalcommunications,andgovernance.
MsHudsonisalsoresponsibleforEDDsstrategic
businessprogram,implementingtheGrowth,
DiversicationandJobsstrategy(includingthe
provisionofsupporttotheACTbusinesscommunity),
ministerialliaisonandCabinetcoordination,human
resources,andvariouscorporatesupportservices.
DeputyDirector-General,LandDevelopment,StrategyandFinance(LDA)
DanStewart
ThepositionoftheDeputyDirector-GeneralLand
Development,StrategyandFinancewasappointedin
September2012,withresponsibilityforthefollowing
matters:
addressingthelanddemandfortheaffordableand
sustainabledevelopmentoftheACT;
providingdirectioninnancialandproject
management;
facilitatingstrategicprojects,includingoverseeing
theredevelopmentofthetransitcorridorbetween
CivicandGungahlin;and
improvingtheuseandmanagementofgovernment
ownedandleasedproperty.
OneofMrStewartsdirectreportsistheExecutiveDirectoroftheLandDevelopment
Agency.InformationontheactivitiesoftheLandDevelopmentAgencycanbefoundin
theLandDevelopmentAgencysAnnualReport,availableatwww.lda.act.gov.au
244
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Name of Committee Role of Committee Membership
Information Responsibleforsettingandmonitoring
Management, EDDsStrategicDirectionforICTbusiness
Information systems,budgets,mediumtolongterm
Communication planningandpolicies.
Technology(IMICT)
Committee
DeputyDirector-General,LDSF(Chair)
AnExecutiverepresentingeachDivision
Director,WorkforceandGovernance
ChiefFinanceOfcer
Manager,Governance
SharedServicesICT-DirectorCustomer
Relations
SharedServicesStrategicRelationship
Manager-EDD
SharedServicesICT-ManagerEDD
(Advisor)
CorporateandOperationalPlans
TheDirectoratesinitialStrategicPlanranfromJuly2011toDecember2012.Duetothe
ACTelectionheldinOctober2012,EDDsseniorexecutivedecidedtodelaycommencing
thepreparationofthenextEDDStrategicPlanuntilafterthenewGovernmentwas
formedandforwardprioritiesestablished.MinisterialplanningdaysinJanuary2013
servedtofocusthedirectionandprioritiesofthenewStrategicPlan,aswellastwo
targetedstrategicplanningexecutiveworkshopsheldon22March2013and3April
2013. DuetoreviewandclearanceprocessestheEDDStrategicPlanwascompletedin
July2013andisavailableontheEconomicDevelopmentDirectoratewebsite.
The2012-13businessplanningprocessbeganinJune2012,withallbusinessunits
completingtheirbusinessplansbytheendofOctober2012. Aspartoftheprocess
abiannualreportingsystemwasdeveloped,withallbusinessunitsrequiredtoreport
againsttheprogressandstatusoftheirkeyprojectsandactivities.Theprocesswas
coordinatedbytheGovernancearea,therstreportswereprovidedtotheSenior
ExecutiveCommitteeinApril2013fortheirinformation.
Furtherinformationmaybeobtainedfrom:
MsAnitaHargreaves
Director
WorkforceandGovernance
Phone: +61262059626
Email: anita.hargreaves@act.gov.au
247
ECONOMIC DEVELOPMENT DIRECTORATE
EnhancingSkillsandCapabilities
TheDirectorateiscommittedtothedevelopmentandretentionofcompetentand
skilledemployees. Thishasbeenachievedbyfacilitatinganumberofin-housetraining
programstoprovideskillsenhancementopportunitiestoemployeesonprofessionaland
personalmatters.DuringthereportingperiodtheDirectoratealsosupportedagency
specicdevelopmentinitiativesaswellasparticipationinwhole-of-governmentprograms.
NewemployeescommencingintheDirectorateareprovidedwithaone-on-oneinduction
conductedbytheHumanResourceUnit.Inaddition,employeesattendacomprehensive
inductionprogramwhichisdeliveredtonewstaffmembersonaquarterlybasis.The
ProgramprovidesanoverviewofthefunctionsoftheDirectorate,anunderstandingofthe
expectationsonemployeesintheworkplaceandknowledgeoftheconditionsofservice.
Performancemanagementisakeystrategyfordevelopingaprofessional,experienced,
collaborativeandinnovativeworkforcethathasthecapacitytodelivertheDirectorates
businessgoalsandperformancemeasures.ThePerformanceManagementProgram
enablesManagersandSupervisorstoundertakeperformancefeedbackaspartoftheir
regularmanagementpracticeandresponsibilities.TheProgramhasbeendesigned
toalignindividualperformancegoalswiththoseoftheDirectorate,establishclear
andagreedworkexpectations,andtoidentifyandaddressindividuallearningand
developmentneedsincludinganyskillgaps.Inaddition,useoftheProgramassistswith
theidenticationandresolutionofanyperformance-relatedproblemsaswellaswiththe
recognitionofgoodperformance.
Furtherinformationmaybeobtainedfrom:
MsAnitaHargreaves
Director
WorkforceandGovernance
Phone: +61262059626
Email: anita.hargreaves@act.gov.au
250
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
C.7StafngProle
TheEconomicDevelopmentDirectoratecomprisesaworkforceof217peoplewith
themajority188(82.95percent)employedonapermanentbasis,20(9.22percent)
employedonatemporarybasisand9(4.14percent)ascasualemployees
FTEandheadcount
Male Female Total
FTEbyGender 104.3 103.9 208.2
HeadcountbyGender 112 105 217
%ofWorkforce(headcount) 51.6% 48.4% 100%
Classications
Classication Group Female Male Total
AdministrativeOfcers 56 23 79
ExecutiveOfcers 4 9 13
GeneralServiceOfcersandEquivalent 1 7 8
ProfessionalOfcers 3 2 5
Rangers 0 4 4
SeniorOfcers 48 51 99
TechnicalOfcers 0 7 7
TraineesandApprentices 0 2 2
Total 112 105 217
Employmentcategorybygender
Employment Category Female Male Total
Casual 8 1 9
PermanentFull-time 88 92 180
PermanentPart-time 8 0 8
TemporaryFull-time 7 12 19
TemporaryPart-time 1 0 1
Total 112 105 217
251
ECONOMIC DEVELOPMENT DIRECTORATE
24
12
23
Averagelengthofservicebyage-groupbygender
Average
Length of
Service
Pre-Baby
Boomers
Baby Boomers Generation X Generation Y Total
F M F M F M F M F M
0-2 0 0 0 7 7 5 17 12 24
2-4 0 0 0 2 8 6 8 4 16
4-6 0 0 4 6 8 13 5 4 17
6-8 0 0 4 1 6 5 6 1 16
8-10 0 0 3 4 3 6 3 0 9
10-12 0 0 5 1 1 3 1 0 7
12-14 1 0 1 2 3 2 0 1 5
14+years 0 0 7 12 11 8 0 0 18
Total 1 0 24 35 47 48 40 22 112 105
Generation Birth years covered Generation Birth years covered
Pre-BabyBoomers priorto1946 GenerationX 1965to1979inclusive
BabyBoomers 1946to1964inclusive GenerationY from1980andonwards
TotalAverageLengthofServicebyGender
Gender Average length of service
Female 8.1
Male 8.5
Total 8.3
Ageprole
Age Group Female Male Total
<20 0 0 0
20-24 12 7 19
25-29 20 7 27
30-34 14 12 26
35-39 8 13 21
40-44 23 22 45
45-49 15 12 27
7
10
4
5
20
252
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Age Group Female Male Total
50-54 9 10 19
55-59 8 11 19
60-64 2 6 8
65-69 0 5 5
70+ 1 0 1
Total 112 105 217
Agencyprole
Branch/Division FTE Headcount
CapitalMetro 2.0 2
EconomicDevelopmentPolicyandGovernance 61.8 64
LandDevelopment,StrategyandFinance 26.6 27
OfceoftheDirector-General 9.0 9
Tourism,EventsandSport 108.9 115
Total 208.3 217
*Note:numbersmaynotaddduetorounding.
AgencyProlebyEmploymentType
Branch/Division Permanent Temporary Casual Total
CapitalMetro 1 1 0 2
EconomicDevelopmentPolicyandGovernance 57 7 0 64
LandDevelopment,StrategyandFinance 24 3 0 27
OfceoftheDirector-General 8 1 0 9
Tourism,EventsandSport 98 8 9 115
Total 188 20 9 217
253
ECONOMIC DEVELOPMENT DIRECTORATE
Equity&WorkplaceDiversity(headcount)
Category A Category B Category C
Aboriginal and/
or Torres Strait
Islander
Culturally &
Linguistically
Diverse
People with
disability
Employees
who identify in
category A, B
or C*
Women
Headcount 3 14 5 20 112
%ofTotalStaff 1.4% 6.5% 2.3% 9.2% 51.6%
(headcount)
*NB:employeeswhoidentifyinmorethanoneequityanddiversitycategoryshouldonlybecountedonce.
Furtherinformationmaybeobtainedfrom:
MsAnitaHargreaves
Director
WorkforceandGovernance
Phone: +61262059626
Email: anita.hargreaves@act.gov.au
254
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ECONOMIC DEVELOPMENT DIRECTORATE
Whole-of-GovernmentTrainingPrograms
Initiative Details (No. of participants who attended
each program)
ACTPSGraduateProgram 1
YoungProfessionalsNetwork 0
FutureLeadersProgram 0*
ExecutiveDevelopmentProgram 1
PSMProgram 0
SponsoredTrainingforFirst-timeandFront-lineManagers 0
*ChiefMinistersandTreasuryDirectorate(CMTD)didnotconducttheFutureLeadersProgramduringthe
reportingperiod.Nominationswereheldoveruntilthe2013-14nancialyear.
ThelearninganddevelopmentopportunitiesofferedthroughtheSharedServicesTraining
Calendarwerepromotedtostaffwithapproximatelyftyfour(54)staffattendingtraining
atanestimatedcostof$17,192.90
StudiesAssistance
TheDirectoratesupportedstaffthroughtheStudiesAssistanceProgrambyproviding
paidandunpaidleaveandpaymentofcoursecostsforstafftoundertaketertiary
study.Tenstaffmembersweresupportedduringthe2012-13reportingperiodwithan
investmentbytheDirectorateof$3,661.26.
Furtherinformationmaybeobtainedfrom:
MsAnitaHargreaves
Director
WorkforceandGovernance
Phone: +61262059626
Email: anita.hargreaves@act.gov.au
256
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
weightlossprogramavailableforstaff;
inuenzavaccinationsofferedonsitetostaff;and
aweeklywalkinggroupforstaffatlunchtimes.
Furtherinformationmaybeobtainedfrom:
MsAnitaHargreaves
Director
WorkforceandGovernance
Phone: +61262059626
Email: anita.hargreaves@act.gov.au
259
ANNUAL REPORT 2012-13
Classication Range Remuneration as at 30 June 2013
IndividualandGroupSEAs ASO6SOGA $90,000-$144,633
AWAs(includesAWAsceasedduring N/A 0
reportingperiod)
Furtherinformationmaybeobtainedfrom:
MsAnitaHargreaves
Director
WorkforceandGovernance
Phone: +61262059626
Email: anita.hargreaves@act.gov.au
261
ANNUAL REPORT 2012-13
Furtherinformationmaybeobtainedfrom:
MsAnitaHargreaves
Director
WorkforceandGovernance
Phone: +61262059626
Email: anita.hargreaves@act.gov.au
263
ECONOMIC DEVELOPMENT DIRECTORATE
C.12StrategicBushre
ManagementPlan(SBMP)
OnthewholeresponsibilityforbushremanagementintheTerritorysitswiththe
ACTEmergencyServicesAgency,howeverStromloForestPark(managedbyTerritory
VenuesandEvents)adherestoaBushreOperationalPlan(BOP)thathasbeenprepared
bytheTerritoryandMunicipalServicesDirectorate(TAMSD),ParksandConservation
Service(PCS),FireManagementUnit.
TheBOPforStromloForestParkincludescontrolledburnstobeconductedbythe
PCSFireManagementUnitandtheRuralFireService(RFS).TheBOPalsoincludes
theslashingofkeyretrailspriortoandduringthereseasonandthegrazingof
Block498(StromloWest)toreducefuellevels.FuellevelswithintheStromloForestPark
aremonitoredbythePCSFireManagementUnit.
In2012-13,TerritoryVenuesandEventspreparedaStrategicBushreManagementPlan
(SBMP)forStromloForestPark.TheSBMPincludesanupdatedandcomprehensive
operationalplantocomplementtheexistingBOPandprovidesaframeworktodeliver
refuelmanagementandrecontainmentmeasuresoverave-yearperiod.TheSBMP
hasbeendevelopedinconsultationwiththeEmergencyServicesAuthority,andalso
addressesthedevelopmentofanOuterAssetProtectionZonealongtheboundarywith
theMolonglosub-divisiondevelopments.
Furtherinformationmaybeobtainedfrom:
MrNealeGuthrie
GeneralManager
VenueandEventServices
Phone: +61262072294
Email: neale.guthrie@act.gov.au
264
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
Project Estimated
Completion
Date
Revised
Completion
Date
Original
Project
Value
($000)
Revised
Project
Value
($000)
Prior Year
Expenditure
($000)
Current Year
Expenditure
($000)
Total
Expenditure to
30 June 2013
($000)
MotorsportFunding Jun-13 Oct-13 1,500 1,500 672 792 1,464
InvestmentFund
MolongloLeisure Dec-12 Dec-13 200 200 121 82 203
Centre(Feasibility)
Restorationof Dec-12 Dec-12 1,111 1,111 1,076 34 1,110
Sportsgrounds
IsabellaPlainsand
Charnwood
GungahlinPool Jun-15 May-14 26,300 26,300 0 11,120 11,120
SupportingOur Dec-12 Dec-12 2,000 2,000 932 1,369 2,301
LocalSportingClubs
Redevelopment
ofKippaxDistrict
PlayingFields
GungahlinLeisure Mar-13 Apr-14 1,460 1,460 632 84 716
Centre(Design)
LynehamPrecinct Jun-13 Sep-13 4,200 4,600 725 3,257 3,982
Redevelopment
Stage3
ThrosbyMultisport Jun-13 Jun-13 500 500 147 168 315
Complex(Design)
GungahlinWellbeing Dec-12 Jul-13 6,500 6,500 952 4,768 5,720
Precinct
InfrastructureWorks
Grantfor Dec-13 Dec-13 3,000 3,000 1,241 250 1,491
Developmentof
aNewBasketball
CentreandPlayer
Amenities
GungahlinEnclosed Jun-14 Jul-13 6,000 6,000 1,000 4,441 5,441
Oval(SportsComplex)
Improvementsto Jun-13 Jun-14 1,050 1,050 50 0 50
GrifthOval
LynehamPrecinct Jun-14 Jun-14 4,000 4,000 254 250 504
RegionalTennis
andSportsCentre
Stage2GPO
Funded
WhereWillWePlay Jun-14 Jun-14 8,000 16,000 7,039 47 7,086
OutdoorFacilities
WaterReduction
Strategies
271
ECONOMIC DEVELOPMENT DIRECTORATE
Project Estimated
Completion
Date
Revised
Completion
Date
Original
Project
Value
($000)
Revised
Project
Value
($000)
Prior Year
Expenditure
($000)
Current
Year
Expenditure
($000)
Expenditure
Total to 30
June 2013
($000)
UpgradeofField Jun-12 Apr-12 250 250 250 0 250
LightingTowers
andAssociated
Infrastructureat
CanberraStadium
Improvementsto Jun-12 Dec-12 300 300 137 163 300
Amenitiesand
VariousStructural/
OperationalUpgrades
atManukaOval
Replacementof Jun-12 Apr-13 298 298 298 0 298
thePatronTurnstile
SystemattheWest
andEastEntrancesto
CanberraStadium
PoolsImprovement Jun-12 Jul-12 674 674 88 586 674
ProgramProvides
forRefurbishmentsat
Civic,Tuggeranong,
ManukaandDickson
Pools
Facilities Jun-12 Jul-13 1,450 1,450 956 494 1,450
Improvement
Program
TransferredProjects
Project Year of
Approval
Revised
Completion
Date
Original
Project
Value
($000)
Revised
Project
Value
($000)
Prior Year
Expenditure
($000)
Current
Year
Expenditure
($000)
Total
Transferred
($000)
MolongloValley 2012-13 Jun-14 1,400 600 0 55 800
Implementationofthe
Commitmentsinthe
NESPlan
Furtherinformationmaybeobtainedfrom:
MrDermotWalsh
ChiefFinanceOfcer
StrategicFinance
Phone: +61262053585
Email: dermot.walsh@act.gov.au
276
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ECONOMIC DEVELOPMENT DIRECTORATE
OUTPUT 1.3 Tourism
Name Description and
Reason for Contract
Financial
year
Expenditure
$ (GST excl)
Procurement
Type (open
tender,
select tender,
single select,
standing
offer)
Area
managing
contract
Date
contract let
Reason
for use
of Select
Tender
(where
applicable)
Reason for
use of non-
prequalied
construction
suppliers
(where
applicable)
Motivator Provisionof $1,250,601 Whole-of- Australian September n/a n/a
MediaPty campaign
Government
Capital 2012
Panel
Ltd advertising Tourism
Contract
services
Multitrade CanberraVisitors $33,057 Quotation Australian June2013 n/a n/a
Renovations andRegional
Capital
PtyLtd Centretoiletblock
Tourism
upgrade
OBM
Advertising
Designandbuild
ofthenewVisit
Canberrawebsite
$60,000 Whole-of-
Government
Panel
Contract
Australian
Capital
Tourism
July2013 n/a n/a
WOTIF.COM
PtyLtd
Provisionof
Campaign
Advertising
Services
$181,818 Procurement
managed
byMaxus
Media,
Wholeof
Government
Panel
contract
Australian
Capital
Tourism
May2013 n/a n/a
OUTPUT 1.4 Sport and Recreation
Name Description and
Reason for Contract
Financial
year
Expenditure
$ (GST excl)
Procurement
Type (open
tender,
select tender,
single select,
standing
offer)
Area
managing
contract
Date
contract let
Reason
for use
of Select
Tender
(where
applicable)
Reason for
use of non-
prequalied
construction
suppliers
(where
applicable)
Business Unit: Sport & Recreation Services
BigIsland
SportsPty
Ltd
Managementof
ManukaPool
$168,182 OpenTender Sportand
Recreation
Services
October
2012
n/a n/a
Brindabella
Irrigation&
Plumbing
Plumbing
maintenancecontra
forTuggeranongand
WestonCreek
ct
$97,658 OpenTender Sportand
Recreation
Services
May2013 n/a n/a
282
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ECONOMIC DEVELOPMENT DIRECTORATE
PublicAccessprovisionsoftheActallowaccesstorecordsthataremorethan20years
old.In2012-13theportfolioreceivedfour(4)separatepublicaccessrequestsforrecords
andinformationcomparedtothree(3)in2011-12.
MembersofthepubliccanseekaccesstotheDirectoratesrecordsbycontacting:
ArchivesACT
PostalAddress
GPOBox158,CanberraCityACT2601
PhoneContactNumbers
ReferenceArchivist(Governmentrecords)
+61262075726
PublicAccessSupportOfcer
+61262053510
FaxNumber
+61262075835
Emailto:archives@act.gov.au
Undersection28oftheAct,theDirectoratemayapplytotheDirectorofTerritoryRecords
tomakeadeclarationtoexemptcertainrecordsorclassesofrecordsfrompublicaccess
underprescribedprovisionsoftheFreedomofInformationAct1989.Accesstoarecord
towhichadeclarationappliesisprohibitedundertheAct.
Incompliancewithsection30oftheAct,theDirectoratemaintainsanapprovedregister
ofsection28declarationswhichisincorporatedintotheTerritoryRecordsOfce
consolidatedversion(availableforgovernmentuseontheirintranetsite).
AtpresenttherearetwodisposalfreezesthatarerelevanttotheDirectorate.Theaimofa
disposalfreezeonrecordsistominimisetheriskoflosingcrucialevidenceat,oraround
thetimewhenanissuehasbeenidentied.Theyare:
TheFederalPostCornwellSuperannuationCaseLitigation-ProcessingofAdditional
Claims;Instruction23TRORecordsAdviceNo.59.RecordsDisposalFreeze
SuperannuationRecords2010-2015;and
RoyalCommissionintoInstitutionalResponsestoChildSexualAbuse-Territory
Records(RecordsDisposalSchedule-ProtectionofrecordsrelevanttotheRoyal
CommissionintoInstitutionalResponsestoChildSexualAbuse)Approval2013(No1).
TheDirectoratewillcontinuetoretainrecordsidentiedunderthedisposalfreezesuntil
thelitigationandcommissioncometoanendandthedisposalfreezesarelifted.
Furtherinformationmaybeobtainedfrom:
MsAnitaHargreaves
Director
WorkforceandGovernance
Phone: +61262059626
Email: anita.hargreaves@act.gov.au
328
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
C.18Commissionerforthe
Environment
TheEconomicDevelopmentDirectorateprovidedinformationtotheOfceofthe
CommissionerforSustainabilityandtheEnvironment,inrelationtorecommendations
intheStateoftheEnvironmentReport2007-08andthe2011StateoftheEnvironment
Report.ThisinformationistobetobeincludedintheCommissionersAnnualReport
2012-13.
Furtherinformationmaybeobtainedfrom:
MsAnitaHargreaves
Director
WorkforceandGovernance
Phone: +61262059626
Email: anita.hargreaves@act.gov.au
329
ANNUAL REPORT 2012-13
Waterconsumptiondatafor220NorthbourneAvenueandBrindabellaParkwasnot
availableduetothesesitesbeingleasedbuildings(datawasnotavailableat30June
2012).
WaterusagefromsportsgroundsacrosstheACTwasincludedinthetotalconsumption
gures.
ResourceEfciencyandWaste
Wasteisreportedonthenumberofbinscollectedforaparticularwaste/recyclingstream.
Theestimatesarebasedoncollectionsoffullbinsandarethereforearelikelytobe
overestimated.
Generalwastewasreportedfromthelocationsbelow.
TelstraHouse
TheCanberraandRegionVisitorsCentre
NaraCentre
Thevolumeofcomingledandpaperrecyclinghasbeenestimatedbasedoninformation
frominvoicesfromalllocations.
Organicmaterialisonlycollectedfromthelocationsbelow:
TelstraHouse
NaraCentre
TransACTHouse
TheCanberraandRegionVisitorsCentre.
GreenhouseGasEmissions
Totalstationaryenergygreenhousegasemissionsarecalculatedasnetemissionsthose
generatedfromstationaryenergyconsumptionminusanygreenhousegasemissions
offsetthroughthepurchaseofrenewableenergy.
Furtherinformationmaybeobtainedfrom:
MsAnitaHargreaves
Director
WorkforceandGovernance
Phone: +61262059626
Email: anita.hargreaves@act.gov.au
337
ECONOMIC DEVELOPMENT DIRECTORATE
upastrialsoftwodifferentluminariesemployingLightEmittingDiodes(LED).Energy
consumptionofthesetrialsitesisbeingmonitoredalongwiththeopticalperformance
andreliabilityoftheLEDtechnology.
Furtherinformationmaybeobtainedfrom:
MsAnitaHargreaves
Director
WorkforceandGovernance
Phone: +61262059626
Email: anita.hargreaves@act.gov.au
340
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ECONOMIC DEVELOPMENT DIRECTORATE
InaccordancewiththeACTPublicServiceRespectEquityandDiversityFramework,the
Directoratecontinuestoenhanceemploymentopportunitiesandisworkingtoimprove
careerprogressionopportunitiesforourAboriginalandTorresStraitIslanderemployees.
TheDirectoratesupportedtheWhole-of-GovernmentapproachtoAboriginalandTorres
StraitIslanderpolicywithparticipationinthe2013ACTIndigenousTraineeshipProgram
administeredbytheCommunityServicesDirectorate.Aspartofitscommitmenttothe
policy,theDirectoratehasengagedatraineewhosuccessfullycompletedaCerticate
IIIinBusinessqualicationandwillbepromotedwithintheTourism,EventsandSport
Divisionuponcompletionofhistraineeship. ThistraineewasawardedtheAboriginaland
TorresStraitIslanderStudentoftheYear(CIT)for2012.
Toensureasupportiveworkenvironment,theDirectorateprovidedemployeeswith
accesstoculturalawarenesstrainingbothin-houseandviatheSharedServicesTraining
Calendar.InformationregardingNAIDOCweekparticipationopportunitieswasmade
availabletoAboriginalandTorresStraitIslanderstaffviaemail,andReconciliationweek
wasalsoacknowledgedbytheDirectoratewiththescreeningforstaffofBranNueDae.
Furtherinformationmaybeobtainedfrom:
MsAnitaHargreaves
Director
WorkforceandGovernance
Phone: +61262059626
Email: anita.hargreaves@act.gov.au
342
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ECONOMIC DEVELOPMENT DIRECTORATE
Focus Area Progress
InterculturalHarmony
andReligious
Acceptance
TheACTPSEconomicDevelopmentPortfolioEnterpriseAgreement2011-2013and
theACTPSRespect,EquityandDiversityFrameworkprovidestheframeworktoensure
workplacepracticesarerespectfulofemployeeculturalobligations,andstatesthat
anyharassmentofanykindwillnotbetolerated. TheDirectoratealsorecognises,
acknowledgesandvaluesthecontributionofpeoplefromdiversebackgroundsand
providesinformationtostaffincludingculturalawarenesstraining,andsocialeventssuch
astheInternationalHarmonyDaymorningtea.
TheSkilledandBusinessMigrationProgramfundsafreesettlementservicewhich
includes:pre-arrivaladviceandsupport;ameetandgreetservice;regularnewsletters
promotingCanberraandaccommodationassistancethroughsponsors.
CanberraNaraCandleFestival,hostedbyEventsACTfromTerritoryVenueandEvents
(TVE)isanannualeventcelebratingthesistercityrelationshipbetweenCanberraand
NaraJapan. ThefestivalfocusesonexposingaudiencestovariouselementsofJapanese
cultureincludingfood,culturalactivities,musicanddance. Thefestivalalsopromotes
AustralianIndigenousculturethroughactivitiesandperformance. Thefestivalencourages
participationbyvolunteers,Japaneseinterestgroups,studentsstudyingJapaneseand
othercommunityorganisations. The2012eventwasthebiggestyetattractingmorethan
13,000peopletoNaraPeaceParkatYarralumla.
Furtherinformationmaybeobtainedfrom:
MsAnitaHargreaves
Director
WorkforceandGovernance
Phone: +61262059626
Email: anita.hargreaves@act.gov.au
344
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
C.23ACTStrategicPlanfor
PositiveAging2010-2014
TheACTStrategicPlanforPositiveAgeing2010-2014wasdevelopedbythe
ACTGovernmentinpartnershipwiththeACTMinisterialAdvisoryCouncilonAgeing.
TheDirectoratehascontributedtotheachievementsoftheplanasdescribedinthetable
below.
Focus Area Progress
Informationand
Communication
TheDirectorateprovidesaccesstoallinformationandresourcesthroughavarietyof
mechanismsincluding:
theInternetvariousEDD/ACTGovernmentwebsites;
pamphlets;
letterboxdrops;and
communityconsultation.
TheDirectorateiscontinuingtoworktowardsallinformationonitswebsitesmeeting
accessibilitystandardsforvisuallyandhearingimpairedcustomers. Thewebsitesalso
providecustomerswithdetailsofTranslationServicesandemailcontactsaswellasface
tofacecontactatCommunityConsultations.
HealthandWellbeing Throughthe2013InclusiveParticipationFundingProgram,SRSprovidedfundingto:
theCanberraDanceTheatrewhichwillallowthemtoextendtheirworkwitholder
adultsbycreatingaperformanceforNationalScienceWeekinAugust2013;
ArthritisACTforaWarmWaterExerciseprogramtargetingtheACTsolder
Indigenouspopulation;and
ParkinsonsACTtorunspecialistdanceclassesforpeoplewithParkinsons.
SouthsideCommunityServicescontinuetodelivertheACT-GOLD!(GrowingOlderand
LivingDangerously)program.Theprogramreceivedtwoyearsoffunding($20,000)
throughthe2012InclusiveParticipationFundingProgram.Theactivitybasedleisureand
lifestyleprogramprovidesarangeofexcitingandchallengingactivitiesforparticipants
whowanttoputmorelivingintotheirlife.
Respect,Valuingand AllDirectoratestaffcontinuetoberequiredtoundertakeRespect,EquityandDiversity
Safety training. Thistrainingprovidesstaffofallageswiththeskillsandknowledgetoapplyand
understandtheimportanceofrespectingandvaluingpeople.
Housingand
Accommodation
theDirectorateisworkingwiththeEnvironmentandSustainableDevelopmentDirectorate
tointroducearequirementforallnewClass1adetacheddwellingstoincorporate
UniversalDesignGuidelinestoprovideoptionsforaginginplace.
The2012-13LandReleaseProgramincludedthereleaseofblock106Section23
Ngunnawalforhousingforseniors. ThissitewasreleasedinJune2012for225units.
The2013-14FourYearLandReleaseProgram,publishedinJune2013,includesthe
releaseofvesitesor16hectaresoflandforhousingforseniors.
SupportServices TheDirectoratestaffandtheirfamilieshaveaccesstoanEmployeeAssistanceProgram
thatoffersavarietyofsupportservices.
345
ECONOMIC DEVELOPMENT DIRECTORATE
Focus Area Progress
TransportandMobility Nil
WorkandRetirement The2012ACTPublicServiceStateoftheServiceReportprovidesretentionratesfor
Pre-BabyBoomers(thosebornpriorto1946)andBabyBoomers(thoseborn1946-1964).
TheDirectorate'sretentionrateforstaffclassiedasPre-BabyBoomerswas100%while
theretentionrateforstaffclassiedasBabyBoomerswas82%. Theseretentionrates
comparewitharetentionrateof85%forallstaff.
Theretentionrateisinclusiveofallemploymentcategories,i.e.casual,temporaryand
permanent,andisbasedonnominaloccupancywithintheservice. Thisincludesstaff
whomaychangefrompermanentemploymentintheACTPStoatemporaryorcasual
oppositionaspartoftransitioningtoretirement.
TheDirectoratealsosupportsstaffparticipatinginvarioustypesofcaringtype
arrangementsrangingfromleavetosupportanelderlyrelativetounpaidgrand-parents
leave.
Furtherinformationmaybeobtainedfrom:
MsAnitaHargreaves
Director
WorkforceandGovernance
Phone: +61262059626
Email: anita.hargreaves@act.gov.au
346
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
ANNUAL REPORT 2012-13
C.24WomensPlan2010-2015
TheACTWomensPlan2010-2015setsouttheACTGovernmentsvisionforworking
withthecommunitytoimprovethestatusofallwomenandgirls,andprovidesashared
approachforworkingtowardsthisvisionacrossACTGovernmentagencies.
TheDirectoratecontributedtotheachievementoftheplansobjectivesasdescribed
below.
ECONOMIC SOCIAL ENVIRONMENTAL
Strategic outcome Strategic outcome Strategic outcome
Womenandgirlsequallyandfully Womenandgirlsequallyand Womenandgirlsequallyandfully
participateinandbenetfromthe fullyparticipateinsustainingtheir participateinplanningandsharinga
ACTeconomy. familiesandcommunitiesandenjoy safe,accessibleandsustainablecity.
communityinclusionandwellbeing.
Priority areas Priority areas Priority areas
Responsiveeducation,trainingand Safeandrespectfulrelationships Safeandresponsivetransportand
lifelonglearning
Goodhealthandwellbeing
urbanplanning
Flexibleworkplaces
Safeandaccessiblehousing
Sustainableenvironment
Economicindependenceand
opportunities
Leadershipanddecisionmaking
347
ANNUAL REPORT 2012-13
Furtherinformationmaybeobtainedfrom:
MsAnitaHargreaves
Director
WorkforceandGovernance
Phone: +61262059626
Email: anita.hargreaves@act.gov.au
349
ANNUAL REPORT 2012-13
ComplianceIndex
TransmittalCerticate
SectionA PerformanceandFinancialManagementReporting
A.1 TheOrganisation
A.2 Overview
A.3 Highlights
A.4 Outlook
A.5 ManagementDiscussionandAnalysis
A.6 FinancialReport
A.7 StatementofPerformance
A.8 StrategicIndicators
A.9 AnalysisofAgencyPerformance
A.10 TripleBottomLine
SectionB ConsultationandScrutinyReporting
B.1 CommunityEngagement
B.2 InternalandExternalScrutiny
B.3 LegislativeAssemblyCommitteeandInquiriesReports
B.4 LegislationReport
SectionC LegislativeandPolicyBasedReporting
C.1 RiskManagementandInternalAudit
C.2 FraudPrevention
C.3 PublicInterestDisclosure
C.4 FreedomofInformation
C.5 InternalAccountability
C.6 HumanResourcePerformance
C.7 StafngProle
C.8 LearningandDevelopment
C.9 WorkplaceHealthandSafety
C.10 WorkplaceRelations
C.11 HumanRightsAct2004
351
ECONOMIC DEVELOPMENT DIRECTORATE
C.12 StrategicBushreManagementPlan(SBMP)
C.13 StrategicAssetManagement
C.14 CapitalWorks
C.15 GovernmentContracting
C.16 CommunityGrants/Assistance/Sponsorship
C.17 TerritoryRecords
C.18 CommissionerfortheEnvironment
C.19 EcologicallySustainableDevelopment
C.20 ClimateChangeandGreenhouseGasReductionPoliciesandPrograms
C.21 AboriginalandTorresStraitIslanderReporting
C.22 ACTMulticulturalStrategy2010-2013
C.23 ACTStrategicPlanforPositiveAging2010-2014
C.24 ACTWomensPlan2010-2015
C.25 ModelLitigantGuidelines
C.26 NoticesofNon-Compliances(Omissionsindex)
C.27 PropertyCrime(Omissionsindex)
352
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
A
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C
S
e
c
t
i
o
n
B
S
e
c
t
i
o
n
C