Administered Schedule of Comprehensive Income for Fair Work Commission
for the period ended 30 June 2014
    2014 2013
  Notes $’000 $’000
NET COST OF SERVICES      
Income      
Revenue      
Non-taxation revenue      
Termination of employment application fees   1,078 988
Less refunds of termination of employment application fees   (500) (384)
Total non-taxation revenue 16 578 604
Total revenue   578 604
Total income   578 604
Net contribution by services   578 604
Administered Schedule of Assets and Liabilities for Fair Work Commission
as at 30 June 2014
    2014 2013
  Notes $’000 $’000
LIABILITIES      
Payables      
Other payables - refund of termination of employment application fees   - (8)
Total payables 17 - (8)
Total liabilities administered on behalf of Government   - (8)
Net liabilities   - (8)
Administered Reconciliation Schedule for Fair Work Commission
    2014 2013
  Notes $’000 $’000
Opening assets less liabilities as at 1 July   (8) (11)
Surplus (deficit) items:      
Plus: Administered income   578 604
Administered transfers to/from Australian Government      
Appropriation transfers from OPA   508 387
Transfers to OPA   (1,078) (988)
Closing assets less liabilities as at 30 June   - (8)
No expenses or assets were administered on behalf of the Government for 2013-14 and 2012-13.
Administered Cash Flow Statement for Fair Work Commission
for the period ended 30 June 2014
    2014 2013
  Notes $’000 $’000
OPERATING ACTIVITIES      
Cash received      
Termination of employment application fees   1,078 988
Total cash received   1,078 988
       
Cash used      
Refunds to termination of employment application fees   (508) (387)
Total cash used   (508) (387)
Net cash flows from operating activities   570 601
Net increase in cash held   570 601
       
Cash and cash equivalents at the beginning of the reporting period   - -
Cash from Official Public Account      
Special Appropriations   508 387
Total cash from official public account   508 387
       
Cash to Official Public Account      
Termination of employment application fees   (1,078) (988)
Total cash to official public account   (1,078) (988)
       
Cash and cash equivalents at the end of the reporting period   - -
The administered activity that Fair Work Commission performs on behalf of the Australian Government is the collection of fees for termination of employment applications.

The above schedule should be read in conjunction with the accompanying notes.

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