Throughout 2014–15 the Office of Science consulted broadly with stakeholders, including industry, universities and government, to identify significant research and innovation activities underway across Western Australia. The Office continued to lead the Government’s involvement in the Square Kilometre Array (SKA) project, managed a total of 32 State Government science investments (totalling more than $20 million for the year), delivered initiatives that raised the profile of science in the State and supported the activities of the Chief Scientist of Western Australia. Major achievements Developed and produced ‘A Science Statement for Western Australia’, launched by the Premier in April 2015. The Science Statement outlines five science priority areas based on the State’s comparative advantages: mining and energy; medicine and health; agriculture and food; biodiversity and marine science; and radio astronomy. The Science Statement also identifies areas of opportunity that cut across each of the priorities: education and engagement initiatives; data intensive science; water science; and effective collaboration. Continued to lead the involvement in the SKA project: Established the State’s position on key issues including land tenure through consultation and coordination with State Government agencies Influenced the ongoing development of national and international SKA policies and governance instruments to maximise the benefits and minimise the risks of the project to the State Established a new funding agreement for the International Centre for Astronomy Research (ICRAR) comprising $26 million over five years from Supported the Premier in welcoming 300 scientists and engineers across 15 countries to the international SKA Engineering Conference held in Fremantle in September 2014 Secured the continuation of State funding support for the Pawsey Supercomputing Centre, comprising $21.6 million over five years commencing in 2016–17 Continued to manage research activities the $12 million Kimberley Marine Science Research Programme being delivered by the Western Australian Marine Science Institution, to support the objectives of the $81.5 million Kimberley Marine Science and Conservation Strategy Participated in the Project Steering that oversaw the development of the Blueprint for Marine Science 2050, an independent and objective assessment of end-user priorities for future marine research in Western Australia Progressed initiatives to establish a new institute that will align and coordinate Western Australia’s significant terrestrial biodiversity knowledge and research activity, to ensure that funding and research effort are prioritised towards the areas of greatest conservation need and that responsible decisions are being made around the economic development of the State Continued to manage the State’s investment in Scitech, including supporting the planning for Scitech’s new home 15
AASB 2014-1 Amendments to Australian Accounting Standards Part E of this Standard makes amendments to AASB 9 and consequential amendments to other Standards. It has not yet been assessed by the Department to determine the application or potential impact of the Standard. 1-Jan-2018 AASB 2014-3 Amendments to Australian Accounting Standards – Accounting for Acquisitions of Interests in Joint Operations [AASB 1 & 11] The Department establishes Joint Operations in pursuit of its objectives and does not routinely acquire interests in Joint Operations. Therefore, there is no financial impact on application of the Standard. 1-Jan-2016 AASB 2014-5 Amendments to Australian Accounting Standards arising from AASB This Standard gives effect to the consequential amendments to Australian Accounting Standards (including Interpretations) arising from the issuance of AASB 15. The Department has not yet determined the application or the potential impact of the Standard. 1-Jan-2017 AASB 2014-7 Amendments to Australian Accounting Standards arising from AASB 9 (December 2014) This Standard gives effect to the consequential amendments to Australian Accounting Standards (including Interpretations) arising from the issuance of AASB 9 (December 2014). The Department has not yet determined the application or the potential impact of the Standard. 1-Jan-2018
Variance Note Original Budget (a) 2015 $000 Actual 2015 $000 Actual 2014 $000 Variance between estimate and actual $000 Variance between actual results for 2015 and 2014 Net Assets 71,329 75,638 73,974 4,309 1,664 Equity Contributed equity T 39,058 39,117 36,117 59 3,000 Hedging reserves 25, U -2,458 -434 -1,963 2,024 1,529 Accumulated surplus (deficiency) 34,729 36,956 39,820 2,227 -2,864 Total Equity 71,329 75,639 73,974 4,310 1,665 (a) The budget estimates have been reclassified to align with the financial statement classification of balance sheet items. Statement of Cash Flows Variance Note Original Budget (a) 2015 $000 Actual 2015 $000 Actual 2014 $000 Variance between estimate and actual $000 Variance between actual results for 2015 and 2014 CASH FLOWS FROM STATE GOVERNMENT Service appropriation 11, I 162,559 153,075 208,936 (9,484) (55,861) Holding account drawdowns V 2,124 2,124 619 - 1,505 Capital contributions T 3,000 3,000 - - 3,000 Non-retained revenue distributed to owners - - - - - Royalties for Regions Fund 13, J 483 85 121 -398 -36 Net cash provided by Government 168,166 158,284 209,676 -9,882 -51,392 Utilised as follows: CASH FLOWS FROM OPERATING ACTIVITIES Payments
Interest rate exposure and maturity analysis of financial liabilities(a) Interest Rate exposure Maturity Date Weighted average effective interest rate % Carrying amount $000 Fixed interest rate $000 Variable interest rate $000 Non- interest bearing $000 Adjustment for discounting $000 Total Nominal Amount $000 Up to 3 months $000 3-12 months $000 1-2 years $000 2-5 years $000 More than 5 years $000 30-Jun-15 Financial Liabilities Payables 3,815 - - 3,815 - - 3,815 - - - - Other liabilities - Derivatives 25 - - 25 -1 - - 25 1 - - 3,840 - - 3,840 -1 - 3,815 25 1 - - 30-Jun-14 Financial Liabilities Payables 4,624 - - 4,624 4,624 - 4,624 - - - - Other liabilities - - - - - - - - - - - liabilities - Derivatives 1,420 - - 1,420 -74 - - 629 639 226 - 6,044 - - 1,420 -74 - 4,624 629 639 226 -
The Department’s principal client for these services is the Premier as the Head of Government, Cabinet Ministers and Members of Parliament. Services provided include, but are not limited to: administrative support to the Premier; administrative policy advice and support to the Ministerial Offices and the Leader of the Opposition; promotion of Western Australia’s interests overseas; communication of Government policies and activities; support for the Executive Council; administration of entitlements for Members and former Members of Parliament; management of the State occasions and official visits programme; a secure, confidential and time-critical printing and publishing service for Parliament and Government; and management of exhibitions and programmes at the Constitutional Centre. The major activities undertaken in Service 1 are reflected in the following key efficiency indicators. Explanations for each indicator follow the table. Service 1: Administration of Executive Government Services 2012–13 Actual $000 2013–14 Actual $000 2014–15 Actual $000 2014–15 Target $000 1.1 Average operating cost per Ministerial Office (including Premier’s Office and Leader of the Opposition) 2,537 2,626 2,657 2,557 1.2 Average cost of support provided per Ministerial Office (including Premier’s Office and Leader of the Opposition) 500 1,692 1,434 393 1.3 Average cost representing Western Australia’s interests overseas (per region) 1,478 1,491 1,663 1,411 1.4 Average cost of entitlements per Member of Parliament 370 391 401 371 1.5 Average cost of support provided per Member of Parliament 18 16 18 17 Service 1: Key Efficiency Indicators Explanatory Notes