Coronavirus (COVID-19) updates from the Australian Government

Australian Bureau of Statistics

Date

Section 1: Agency overview and resources

1.1 Strategic direction statement

The role of the Australian Bureau of Statistics (ABS) is to assist and encourage informed decision‑making, research and discussion within governments and the community, by leading a high quality, objective and responsive national statistical service (NSS). The ABS is Australia's official national statistical agency, providing key official statistics on a wide range of economic, environmental and social issues.

The ABS's legislated functions include:

  • operate as a central statistical authority for the Australian Government and provide statistical services for state and territory governments;
  • collect, compile, analyse and disseminate statistics and related information; and
  • coordinate the statistical operations of official bodies with particular regard to:
    • the avoidance of duplication of statistical information;
    • the attainment of compatibility and integration of statistics compiled by official bodies;
    • the maximum utilisation of information available to official bodies for statistical purposes;
    • the development of standards for statistics and ensuring that official bodies comply with them;
    • the provision of advice and assistance to official bodies on the production and use of statistics; and
    • liaison with international organisations on statistical issues.

The ABS will achieve its outcome through three key priority areas:

  • statistical delivery: continue to produce high‑quality, relevant official statistics support decision‑making, research and discussion by governments and the community;
  • statistical leadership: provide statistical leadership to national and international organisations to build an improved global and NSS and strong statistical capability; and
  • statistical infrastructure: develop and implement flexible and robust statistical and information infrastructure to meet the changing needs of statistical users, data providers and producers of statistics.

These key priority areas focus on the ABS's work program. Key external drivers of, and challenges for, the ABS work program include:

  • the need to reflect rapid change and real world complexity in trusted official statistics;
  • the increasing demand for evidence‑based policy;
  • the increasing demand for flexible and accessible statistical information;
  • the need to improve the way the ABS engage with users, providers and producers of statistics in the new and emerging technological landscape, including the need to deliver a primarily digital Census of Population and Housing in 2016;
  • the need to utilise and improve existing data sets held by government or other organisations to reduce provider burden, enhance Australia's statistical resources and increase coherence; and
  • the continuing need to maintain the trust and privacy of providers.

1.2 Agency resource statement

Table 1.1 shows the total resources from the ABS.

Table 1.1: Australian Bureau of Statistics Resource Statement — Budget
estimates for 2013‑14 as at Budget May 2013
Estimate
of prior
year amounts
available in
2013‑14
$'000
+ Proposed
at Budget
2013‑14
$'000
= Total
estimate
2013‑14
$'000
Actual
available
appropriation
2012‑13
$'000
Ordinary annual services              
Departmental appropriations              
Prior year departmental appropriation   22,180 5 -   22,180 -
Departmental appropriation4   -   330,713 1 330,713 330,549
Receipts from other sources (s31)   -   45,963 3 45,963 49,388
Total ordinary annual services A 22,180   376,676   398,856 379,937
Other services              
Departmental non-operating              
Equity injections   -   8,211 2 8,211 429
Total other services B -   8,211   8,211 429
Total net resourcing for the ABS (A+B)   22,180   384,887   407,067 380,366

1. Appropriation Bill (No. 1) 2013‑14.

2. Appropriation Bill (No. 2) 2013‑14.

3. Receipts received under section 31 (s31) of the Financial Management and Accountability Act 1997.

4. Includes an amount of $20.2 million in 2013‑14 for the Departmental Capital Budget (refer to Table 3.2.5 for further details).

5. Estimated adjusted balance carried forward from previous year.

1.3 Budget measures

Budget measures relating to the ABS are summarised below.

Table 1.2: Australian Bureau of Statistics 2013‑14 Budget measures
Program 2012‑13
$'000
2013‑14
$'000
2014‑15
$'000
2015‑16
$'000
2016‑17
$'000
Expense measures            
Australian Bureau of Statistics - additional funding for Input-Output Data Tables and the Household Expenditure Survey 1.1 - 3,899 2,528 - -
Fire Service Levy - reduction1 1.1 (44) (46) (48) (48) (48)
Population Census 2016 - transition to a new model 1.1 - 11,925 17,893 5,967 (69,342)
Statistical Infrastructure Project 1.1 - 2,125 - - -
Targeted savings - public service efficiencies2 1.1 (1,437) (1,967) (2,053) (2,365) (2,225)
Total expense measures   (1,481) 15,936 18,320 3,554 (71,615)
Related capital            
Australian Bureau of Statistics - additional funding for Input-Output Data Tables and the Household Expenditure Survey 1.1 - 80 80 - -
Population Census 2016 - transition to a new model 1.1 - 8,075 7,107 17,033 1,342
Total related capital   - 8,155 7,187 17,033 1,342
Total measures   (1,481) 24,091 25,507 20,587 (70,273)

1 This measure was included in the Finance and Deregulation portfolio in Budget Paper No.2, Budget Measures 2012‑13.

2. This measure was included as a cross portfolio measure in the Mid‑Year Economic and Fiscal Outlook 2012‑13.

Prepared on a Government Finance Statistics (fiscal) basis.

Section 2: Outcomes and planned performance

2.1 Outcomes and performance information

Government outcomes are the intended results, impacts or consequences of actions by the Government on the Australian community. Commonwealth programs are the primary vehicle by which government agencies achieve the intended results of their outcome statements. Agencies are required to identify the programs which contribute to Government outcomes over the Budget and forward years.

The ABS's outcome is described below, specifying the strategy, program objective, program deliverables and program key performance indicators used to assess and monitor the performance of the ABS.

Outcome 1: Informed decisions, research and discussion within governments and the community by leading the collection, analysis and provision of high quality, objective and relevant statistical information

Outcome 1 strategy

The ABS seeks to deliver this outcome through continued high‑quality statistical delivery, providing national and international statistical leadership and improved statistical infrastructure.

The ABS will deliver high‑quality, relevant official statistics by:

  • ensuring Australia's official statistics address the most important issues for decision‑makers and the community;
  • improving the accessibility and timeliness of Australia's official statistical information;
  • ensuring relevance of official solutions and informed use of official statistics by actively building relationships with providers and users; and
  • implementing national and international statistics standards and frameworks.

The ABS will provide statistical leadership by:

  • developing statistical capability in Asia and the Pacific Region;
  • engaging with users and the Australian community to build domestic statistical capability;
  • influencing the development of international statistical frameworks and systems; and
  • engaging with national statistical producers through the NSS to:
    • champion whole‑of‑government statistical data integration to improve Australia's statistical assets while maintaining privacy;
    • coordinate improvements to data quality and coherence; and
    • provide guidance on the appropriate use of statistical standards and frameworks.

The ABS will improve statistical infrastructure by:

  • ensuring investment in official statistics is effectively targeted through the Essential Statistical Assets for Australia and related Essential Statistical Infrastructure for Australia initiatives;
  • transforming statistical business systems to improve efficiency and respond effectively to change; and
  • continuing to expand digital initiatives to meet changing user, provider and producer needs and expectations.

Outcome expense statement

Table 2.1 provides an overview of the total expenses for Outcome 1.

Table 2.1: Budgeted Expenses for Outcome 1
Outcome 1: Informed decisions, research and discussion within governments and the community by leading the collection, analysis and provision of high quality, objective and relevant statistical information 2012‑13
Estimated
actual
expenses
$'000
2013 ‑14
Estimated
expenses
$'000
Program 1.1: Australian Bureau of Statistics    
Departmental expenses    
Departmental appropriation 390,925 356,089
Expenses not requiring appropriation in the budget year 32,780 32,715
Total expenses for Outcome 1 423,705 388,804
     
  2012‑13 2013‑14
Average staffing level (number)1 2,921 2,685

1 The projected decrease of 236 between 2012‑13 and 2013‑14 relates to the cyclical nature of activities for the Census as well as the efficiency dividend and other savings measures.

Contributions to Outcome 1

Program 1.1: Australian Bureau of Statistics
Program objective

The ABS has the following objectives:

  • decision‑making, research and discussion are underpinned by relevant statistical information;
  • high‑quality statistical information is available to inform Australia's most important issues;
  • the cooperation and support of the providers continued;
  • trust in official statistics is maintained;
  • statistical capability is improved within Australia and Asia and the Pacific region to support informed decision‑making
    and progress the national and global statistical systems; and
  • statistical and information infrastructure is developed to better support Australia's long‑term statistical needs.
Program expenses

There is no significant change to estimates in 2013‑14 and 2014‑15. The increase in expenses in 2015‑16 and 2016‑17 is predominately due to the cyclical nature of activities for the 2016 Census of Population and Housing (2016 Census).

Table 2.2: Program expenses
2012‑13
Revised
budget
$'000
2013‑14
Budget
$'000
2014‑15
Forward
year 1
$'000
2015‑16
Forward
year 2
$'000
2016‑17
Forward
year 3
$'000
Annual departmental expenses          
Departmental items 423,705 388,804 392,415 452,161 584,882
Total departmental expenses 423,705 388,804 392,415 452,161 584,882
Program deliverables

In 2013‑14 and onwards, the ABS will:

  • provide a range of quality and timely statistical outputs across key economic, population, social and environmental subject matters that meet the needs of key users;
  • improve the relevance, reliability and accuracy of the ABS statistical program by implementing ongoing methodological developments and statistical standards, and undertaking ongoing engagement with external stakeholders;
  • integrate data, as a commonwealth integrating authority, to produce new official statistics to inform society;
  • provide leadership in data integration by providing both the chair and secretariat services to the Cross Portfolio Data Integration Oversight Board;
  • provide statistical advice and leadership to Australian governments to improve coherence within the NSS;
  • undertake statistical capability development programs in Australia and the Asia‑Pacific region;
  • provide advice and guidance on the development and implementation of statistical standards and frameworks internationally;
  • transform the ABS's business systems and processes to improve efficiency and ensure ABS's central role in Australia's long‑term statistical sustainability; and
  • prepare and deliver a primarily digital Census in 2016.
Program key performance indicators

The ABS key performance indicators are as follows:

  • Australia's key decisions, research and discussions continue to be underpinned by trusted official statistics;
  • statistical information continues to be relevant to the needs of key stakeholders through active engagement;
  • the quality and accuracy of Australia's official statistics is maintained or improved;
  • Australia's leading indicators adhere to appropriate statistical standards, frameworks and methodologies to maintain quality and support comparability in the global statistical systems;
  • use of ABS data increases;
  • high‑quality statistical information is available to describe Australia's most important issues;
  • provider cooperation is demonstrated through the achievement of target survey response rates;
  • ABS commitment to reducing provider burden is demonstrated through the minimisation of provider load;
  • complaint resolution performance meets ABS Surveys Charter standards;
  • customer service performance meets the ABS's Service Delivery Charter standards;
  • Australian public sentiment about ABS statistics remains positive;
  • domestics statistical literacy programs effectively engage target audiences;
  • effective delivery of international engagement programs to increase the statistical capability of national statistical offices (NSOs) in the Asia‑Pacific region;
  • the NSS priorities are progressed or met;
  • product, services and tools are available and improved to assist providers to meet their obligations;
  • the ABS progress new sustainable solutions to support statistical information management; and
  • the ABS is actively involved in the development of statistical frameworks, methods and standards.

Section 3: Explanatory tables and budgeted financial statements

Section 3 presents explanatory tables and budgeted financial statements which provide a comprehensive snapshot of agency finances for the 2013‑14 budget year. It explains how budget plans are incorporated into the financial statements and provides further details of the reconciliation between appropriations and program expenses, movements in administered funds, special accounts and government Indigenous expenditure.

3.1 Explanatory tables

3.1.1 Movement of administered funds between years

The ABS does not have any administered funds.

3.1.2 Special accounts

Special accounts provide a means to set aside and record amounts used for specified purposes. Special accounts can be created by a Finance Minister's Determination under the Financial Management and Accountability Act 1997 or under separate enabling legislation. Table 3.1.2 shows the expected additions (receipts) and reductions (payments) for each account used by the ABS.

Table 3.1.2: Estimates of special account cash flows and balances
Outcome Opening
balance
2013‑14
2012‑13
$'000
Receipts
non-
appropriated
2013‑14
2012‑13
$'000
Receipts
appropriated
2013‑14
2012‑13
$'000
Payments
2013‑14
2012‑13
$'000
Closing
balance
2013‑14
2012‑13
$'000
Services for Other Entities and Trust Moneys - Australian Bureau of Statistics Special Account   - - - - -
 1 - - - - -
Total special accounts 2013‑14 Budget estimate   - - - - -
Total special accounts 2012‑13 estimate actual   - - - - -

3.1.3 Australian Government Indigenous Expenditure

The ABS does not have any Australian Government Indigenous Expenditure.

3.2 Budgeted financial statements

3.2.1 Differences in agency resourcing and financial statements

The difference between the agency level resource statement and the sum of all outcome resource statements is the expected carry‑forward amount of resources for the 2013‑14 bu
dget year, including amounts related to meeting future obligations to maintain the agency's asset base and to meet employee entitlement liabilities.

3.2.2 Analysis of budgeted financial statements

Budgeted financial statements

The increase in 2015‑16 and 2016‑17 reflects in activity relating to the 2016 Census as part of the normal Census cycle. Goods and services revenue in 2013‑14 and the forward years reflects the expected services to be rendered.

The ABS is budgeting for an operating loss of $7.5 million for 2012‑13. The operating loss is due to the cyclical nature of Census funding together with a low rate of staff attrition in both 2011‑12 and 2012‑13. The ABS is budgeting for a departmental break‑even operating result for the forward estimates.

3.2.3 Budgeted financial statements tables

Table 3.2.1: Comprehensive income statement (Showing Net Cost of Services)
(for the period ended 30 June)
Estimated
actual
2012‑13
$'000
Budget
estimate
2013‑14
$'000
Forward
estimate
2014‑15
$'000
Forward
estimate
2015‑16
$'000
Forward
estimate
2016‑17
$'000
EXPENSES          
Employee benefits 290,253 266,395 265,234 310,847 462,521
Supplier 99,672 89,194 93,972 103,992 87,513
Depreciation and amortisation 32,780 32,715 32,709 36,822 34,348
Other 1,000 500 500 500 500
Total expenses 423,705 388,804 392,415 452,161 584,882
LESS:          
OWN-SOURCE INCOME          
Revenue          
Sale of goods and rendering of services 70,703 45,963 34,000 35,000 35,000
Total revenue 70,703 45,963 34,000 35,000 35,000
Gains          
Sale of assets 100 100 100 100 100
Other gains 120 120 120 120 120
Total gains 220 220 220 220 220
Total own-source income 70,923 46,183 34,220 35,220 35,220
Net cost of (contribution by) services 352,782 342,621 358,195 416,941 549,662
Appropriation revenue 312,502 310,523 325,845 380,119 515,314
Surplus (deficit) attributable to the Australian Government (40,280) (32,098) (32,350) (36,822) (34,348)
Note: Impact of Net Cash Appropriation Arrangements          
  2012-13
$'000
2013-14
$'000
2014-15
$'000
2015-16
$'000
20116-17
$'000
Total Comprehensive Income (loss) less depreciation/amortisation expenses previously funded through revenue appropriations (7,500) 617 359 - -
plus depreciation/amortisation expenses previously funded through revenue appropriations (32,780) (32,715) (32,709) (36,822) (34,348)
Total Comprehensive Income (loss) - as per the Statement of Comprehensive Income (40,280) (32,098) (32,350) (36,822) (34,348)

Prepared on Australian Accounting Standards basis.

Table 3.2.2: Budgeted departmental balance sheet
(as at 30 June)
Estimated
actual
2012‑13
$'000
Budget
estimate
2013‑14
$'000
Forward
estimate
2014‑15
$'000
Forward
estimate
2015‑16
$'000
Forward
estimate
2016‑17
$'000
ASSETS          
Financial assets          
Cash and equivalents 4,845 4,845 4,845 4,845 4,845
Trade and other receivables 28,072 26,399 29,399 29,399 29,399
Total financial assets 32,917 31,244 34,244 34,244 34,244
Non-financial assets          
Infrastructure, plant and equipment 48,087 48,493 45,622 48,120 39,883
Intangibles 71,020 67,379 66,725 65,862 62,585
Other non-financial assets 9,200 9,200 9,200 9,200 9,200
Total non-financial assets 128,307 125,072 121,547 123,182 111,668
Total assets 161,224 156,316 155,791 157,426 145,912
LIABILITIES          
Interest bearing liabilities          
Leases 4,931 4,931 4,931 4,931 4,931
Total interest bearing liabilities 4,931 4,931 4,931 4,931 4,931
Provisions          
Employees 84,677 87,273 89,273 89,273 89,273
Other 6,418 6,418 6,418 6,418 6,418
Total provisions 91,095 93,691 95,691 95,691 95,691
Payables          
Suppliers 21,345 18,100 19,100 19,100 19,100
Other 15,036 14,474 14,474 14,474 14,474
Total payables 36,381 32,574 33,574 33,574 33,574
Total liabilities 132,407 131,196 134,196 134,196 134,196
Net assets 28,817 25,120 21,595 23,230 11,716
EQUITY          
Contributed equity 101,476 129,877 158,702 197,159 219,993
Reserves 23,605 23,605 23,605 23,605 23,605
Retained surpluses or accumulated deficits (96,264) (128,362) (160,712) (197,534) (231,882)
Total equity 28,817 25,120 21,595 23,230 11,716
Current assets 62,534 60,631 60,427 61,061 56,595
Non-current assets 98,690 95,685 95,364 96,365 89,317
Current liabilities 65,897 65,295 66,788 66,788 66,788
Non-current liabilities 66,510 65,901 67,408 67,408 67,408

Prepared on Australian Accounting Standards basis.

Table 3.2.3: Budgeted departmental statement of cash flows
(for the period ended 30 June)
Estimated
actual
2012‑13
$'000
Budget
estimate
2013‑14
$'000
Forward
estimate
2014‑15
$'000
Forward
estimate
2015‑16
$'000
Forward
estimate
2016‑17
$'000
OPERATING ACTIVITIES          
Cash received          
Goods and services 49,388 45,963 34,000 35,000 35,000
Appropriations 360,405 314,896 322,845 380,119 515,314
Net GST received 6,949 6,686 6,256 7,528 3,325
Total cash received 416,742 367,545 363,101 422,647 553,639
Cash used          
Employees 294,519 264,360 263,234 310,847 462,521
Suppliers 109,283 92,320 90,597 101,153 83,413
Net GST paid 9,649 9,386 8,511 10,247 7,305
Other cash used 500 500 500 500 500
Total cash used 413,951 366,566 362,842 422,747 553,739
Net cash from or (used by) operating activities 2,791 979 259 (100) (100)
INVESTING ACTIVITIES &
nbsp;
       
Cash received          
Proceeds from sales of property, plant and equipment 100 100 100 100 100
Total cash received 100 100 100 100 100
Cash used          
Purchase of property, plant and equipment 21,367 29,480 29,184 38,457 22,834
Total cash used 21,367 29,480 29,184 38,457 22,834
Net cash from or (used by) investing activities (21,267) (29,380) (29,084) (38,357) (22,734)
FINANCING ACTIVITIES          
Cash received          
Appropriations - contributed equity 18,476 28,401 28,825 38,457 22,834
Total cash received 18,476 28,401 28,825 38,457 22,834
Net cash from or (used by) financing activities 18,476 28,401 28,825 38,457 22,834
Net increase or (decrease) in cash held - - - - -
Cash at the beginning of the reporting period 4,845 4,845 4,845 4,845 4,845
Cash at the end of the reporting period 4,845 4,845 4,845 4,845 4,845

Prepared on Australian Accounting Standards basis.

3.2.4: Departmental statement of changes in equity — summary of movement (budget year 2013‑14)
Retained
surpluses
$'000
Asset
revaluation
reserve
$'000
Other
reserves
$'000
Contributed
equity/
capital
$'000
Total
equity
$'000
Opening balance as at 1 July 2013          
Balance carried forward from previous period (96,264) 23,605 - 101,476 28,817
Adjusted opening balance (96,264) 23,605 - 101,476 28,817
Comprehensive income          
Surplus (deficit) for the period (32,098) - - - (32,098)
Total comprehensive income recognised directly in equity (32,098) - - - (32,098)
Transactions with owners          
Contributions by owners          
Appropriation (equity injection) - - - 8,211 8,211
Appropriation (departmental capital budget) - - - 20,190 20,190
Total transactions with owners - - - 28,401 28,401
Estimated closing balance as at 30 June 2014 (128,362) 23,605 - 129,877 25,120

Prepared on Australian Accounting Standards basis.

Table 3.2.5: Departmental capital budget (DCB) statement
Estimated
actual
2012‑13
$'000
Budget
estimate
2013‑14
$'000
Forward
estimate
2014‑15
$'000
Forward
estimate
2015‑16
$'000
Forward
estimate
2016‑17
$'000
NEW CAPITAL APPROPRIATIONS          
Capital budget - Bill 1 - DCB 18,047 20,190 21,582 21,424 21,492
Total equity injections 429 8,211 7,243 17,033 1,342
Total new capital appropriations 18,476 28,401 28,825 38,457 22,834
Provided for:          
Purchase of non-financial assets 18,476 28,401 28,825 38,457 22,834
Tot
al Items
18,476 28,401 28,825 38,457 22,834
PURCHASE OF NON-FINANCIAL ASSETS          
Funded by capital appropriations 605 8,673 7,243 17,033 1,342
Funded by capital appropriation - DCB 19,169 20,190 21,582 21,424 21,492
Funded internally from departmental resources 1,593 617 359 - -
TOTAL 21,367 29,480 29,184 38,457 22,834
RECONCILIATION OF CASH USED TO ACQUIRE ASSETS TO ASSET MOVEMENT TABLE          
Total purchases 21,367 29,480 29,184 38,457 22,834
Total cash used to acquire assets 21,367 29,480 29,184 38,457 22,834

Prepared on Australian Accounting Standards basis.

Table 3.2.6: Statement of asset movements — departmental
Buildings
$'000
Other
infrastructure,
plant and
equipment
$'000
Intangibles
$'000
L&B, IP&E
held for
sale
$'000
Total
$'000
As at 1 July 2013          
Gross book value - 74,307 205,312 - 279,619
Accumulated depreciation/amortisation and impairment - 26,220 134,292 - 160,512
Opening net book balance - 48,087 71,020 - 119,107
Capital asset additions          
By purchase - appropriation equity - 2,175 6,498 - 8,673
By purchase - departmental resource - - 617 - 617
By purchase - appropriation ordinary annual services - 11,226 8,964 - 20,190
Total asset additions - 13,401 16,079 - 29,480
Other movements          
Depreciation/amortisation expense - 12,995 19,720 - 32,715
Total other movements - 12,995 19,720 - 32,715
As at 30 June 2014          
Gross book value - 87,708 221,391 - 309,099
Accumulated depreciation/amortisation and impairment - 39,215 154,012 - 193,227
Closing net book balance - 48,493 67,379 - 115,872

Prepared on Australian Accounting Standards basis.

3.2.4 Notes to the financial statements

Basis of accounting

The agency budget statements have been prepared on an accrual basis and in accordance with historical cost convention, except for certain assets, which are at valuation.

Budgeted departmental financial statements

Under the Australian Government's accrual budgeting framework, and consistent with Australian Accounting Standards, transactions that agencies control (agency transactions) are budgeted and reported separately from transactions agencies do not have control over (administered transactions). This ensures that agencies are only held fully accountable for the transactions over which they have control.

Agency assets, liabilities, revenues and expenses in relation to an agency are those that are controlled by the agency. Agency expenses include employee and supplier expenses and other administrative costs, which are incurred by the agency in providing its goods and services.

Budgeted departmental income statement
Revenues
Appropriations

The ABS is appropriated from government for its program.

Sale of goods and rendering of services

Revenue is derived from the sale of ABS publications and census data, as well as the provision of user‑funded surveys and consultancy work. The amount of revenue earned in any one‑year is dependent upon the demand for such products and services by government agencies, business and the community.

Other gains

This category includes resources received free of charge.

Expenses
Employee benefits

This includes wages and salaries, superannuation, provision for annual leave and long service leave, and workers compensation. Employee entitlements are based on leave patterns of ABS employees. Accrued salaries and employer superannuation contributions are based on daily salary expense and the number of days owing at 30 June in each budget year.

Depreciation and amortisation

Depreciable assets are written off over their estimated useful lives. Depreciation is calculated using the straight‑line method, which is consistent with the consumption of the service potential of the depreciable assets of the ABS.

Budgeted departmental balance sheet
Non‑financial assets — Intangibles

These include software developed in house (internally generated software).

Non‑financial assets — Other

This category includes prepayments.

Interest bearing liabilities

These include lease incentives in the form of a rent free period and/or a contribution to fitout costs. L
ease incentives are recognised as a liability, which is reduced by allocating lease rental payments between interest, rental expense and reduction of the liability. Rent free lease periods are taken up as a liability during the rent free period and amortised over the remaining term of the lease. The full amount of the lease is therefore allocated evenly over the total term of the lease.

Provisions — Employees

The liability for employee entitlements includes provision for annual leave and long service leave. No provision has been made for sick leave, as all sick leave is non‑vesting.

The non‑current portion of the liability for annual leave and long service leave is recognised and measured at the present value of the estimated future cash flows in respect of all employees.

Payables

Supplier and other payables reflect the amounts owed to trade and other creditors by the ABS at the end of each financial year.

Asset valuation

Australian Government agencies and authorities are required to value property, plant and equipment and other infrastructure assets using the fair value method of valuation. This essentially reflects the current cost the entity would face in replacing that asset.