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  1. About the report
  2. About AMSA
  3. Plan on a Page
  4. Transmittal letter
  5. Reporting requirements and responsible minister
  6. Annual performance statements
  7. Chairman's review
  8. Organisational profile
  9. Financial summary
  10. Our governance
    1. Planning
    2. Risk management
    3. Performance reporting
    4. Related entity transactions
    5. Public interest disclosure
    6. Disability report
    7. Statement of significant non-compliance issues
    8. Advertising and market research
    9. Judicial decisions and reviews by outside bodies
    10. Workers' compensation premium
  11. Vessel and seafarer safety
    1. Seafarer certification
    2. Compliance and enforcement
    3. International shipping
    4. Domestic commercial vessels
  12. Search and rescue
    1. Search and rescue aircraft replacement
    2. National Search and Rescue Council
    3. Medium-altitude Earth Orbit Search and Rescue system
    4. Beacon registration system upgrade
    5. Torres Strait Marine Safety Program
  13. Marine environment
    1. The National Plan for Maritime Environmental Emergencies
    2. Cape Upstart marine pollution incident
    3. Working with other regulators
  14. Navigation safety
    1. Shipping management
    2. Aids to navigation management
  15. Working with our community
    1. Domestic engagement
    2. International engagement
    3. Regional engagement
  16. Appendix 1: Financial statements
    1. Statement of comprehensive income
    2. Statement of financial position
    3. Statement of changes in equity
    4. Cash flow statement
    5. Overview
    6. Note 1: Expenses
    7. Note 2: Own-source income
    8. Note 3: Fair value measurement
    9. Note 4: Financial assets
    10. Note 5: Non-financial assets
    11. Note 6: Payables
    12. Note 7: Interest bearing liabilities
    13. Note 8: Provisions
    14. Note 9: Cash flow reconciliation
    15. Note 10: Contingent liabilities and assets
    16. Note 11: Senior management personnel remuneration
    17. Note 12: Related party disclosures
    18. Note 13: Remuneration of auditors
    19. Note 14: Financial instruments
    20. Note 15: Financial assets reconciliation
    21. Note 16: Reporting of outcomes
    22. Note 17: Regulatory charging summary
    23. Note 18: Budgetary reports and explanations of major variances
  17. Appendix 2: Non-financial performance
    1. SC1: Ship and vessel safety
    2. SC1: Environment protection
    3. SC1: Regulatory
    4. SC1: Search and rescue
    5. SC1: Projects
    6. SC2: Preparing for the future
    7. SC3: Ensuring a competent and fairly treated maritime workforce
    8. SC4: Influencing international arrangements
    9. SC5: Engaging with the community
    10. SC6: Ensuring a progressive and vibrant organisation
  18. Appendix 3: AMSA Board members
  19. References
  20. Compliance Index
  1. About the report
  2. About AMSA
  3. Plan on a Page
  4. Transmittal letter
  5. Reporting requirements and responsible minister
  6. Annual performance statements
  7. Chairman's review
  8. Organisational profile
  9. Financial summary
  10. Our governance
    1. Planning
    2. Risk management
    3. Performance reporting
    4. Related entity transactions
    5. Public interest disclosure
    6. Disability report
    7. Statement of significant non-compliance issues
    8. Advertising and market research
    9. Judicial decisions and reviews by outside bodies
    10. Workers' compensation premium
  11. Vessel and seafarer safety
    1. Seafarer certification
    2. Compliance and enforcement
    3. International shipping
    4. Domestic commercial vessels
  12. Search and rescue
    1. Search and rescue aircraft replacement
    2. National Search and Rescue Council
    3. Medium-altitude Earth Orbit Search and Rescue system
    4. Beacon registration system upgrade
    5. Torres Strait Marine Safety Program
  13. Marine environment
    1. The National Plan for Maritime Environmental Emergencies
    2. Cape Upstart marine pollution incident
    3. Working with other regulators
  14. Navigation safety
    1. Shipping management
    2. Aids to navigation management
  15. Working with our community
    1. Domestic engagement
    2. International engagement
    3. Regional engagement
  16. Appendix 1: Financial statements
    1. Statement of comprehensive income
    2. Statement of financial position
    3. Statement of changes in equity
    4. Cash flow statement
    5. Overview
    6. Note 1: Expenses
    7. Note 2: Own-source income
    8. Note 3: Fair value measurement
    9. Note 4: Financial assets
    10. Note 5: Non-financial assets
    11. Note 6: Payables
    12. Note 7: Interest bearing liabilities
    13. Note 8: Provisions
    14. Note 9: Cash flow reconciliation
    15. Note 10: Contingent liabilities and assets
    16. Note 11: Senior management personnel remuneration
    17. Note 12: Related party disclosures
    18. Note 13: Remuneration of auditors
    19. Note 14: Financial instruments
    20. Note 15: Financial assets reconciliation
    21. Note 16: Reporting of outcomes
    22. Note 17: Regulatory charging summary
    23. Note 18: Budgetary reports and explanations of major variances
  17. Appendix 2: Non-financial performance
    1. SC1: Ship and vessel safety
    2. SC1: Environment protection
    3. SC1: Regulatory
    4. SC1: Search and rescue
    5. SC1: Projects
    6. SC2: Preparing for the future
    7. SC3: Ensuring a competent and fairly treated maritime workforce
    8. SC4: Influencing international arrangements
    9. SC5: Engaging with the community
    10. SC6: Ensuring a progressive and vibrant organisation
  18. Appendix 3: AMSA Board members
  19. References
  20. Compliance Index

Financial summary

Financial overview

We recorded an operating loss of $2.3 million in 2015-16. This was better than our forecast primarily due to the settlement of a pollution incident claim relating to the grounding of the Shen Neng 1 on Douglas Shoal, in the Great Barrier Reef Marine Park. We have strategies in place which are being formulated in future budgets to return us into surplus.

Our financial result for 2015-16 was influenced by the following significant activities.

A continued focus for us this year was the transition to full service delivery for the National System for Domestic Commercial Vessel Safety (National System) (p.35). We will be assuming full responsibility for service delivery and funding from 1 July 2017. Therefore our work to prepare for this has resulted in an increase in activity and staffing levels, as well as costs associated with the National System’s new IT system.

We commenced an organisational restructuring initiative aimed at delivering greater efficiencies through functional realignment and the removal of duplicated functions. This is due for completion in 2016-17.

The transition of our dedicated airborne search and rescue aircraft from our existing provider to our new service provider began this year (p.40). This involves development of the deployment program for aircraft, mission equipment, and crew. The final transition to the new service provider will occur in 2016-17.

We received lower than expected levy revenue due to continued slowing growth in shipping activity. However, we implemented savings strategies to mitigate this and achieved an operating result better than our forecast projections.

Operating result over financial years 2011-12 to 2015-16
Figure 1: Operating result over financial years 2011-12 to 2015-16

Financial outcome

We achieved an operating loss of $2.3 million in 2015-16, compared with a $0.4 million surplus in 2014-15. The decrease in surplus of $2.7 million relates to decreased revenue of $0.3 million and increased expenditure of $2.4 million.

Revenue

Our total revenue in 2015-16 decreased by $0.3 million (less than one per cent) from 2014-15. This was mainly due to a one-off funding increase in 2014-15 for the Malaysia Airlines MH370 incident and reduced revenue from government-funded projects. This was substantially offset by the settlement of a pollution incident claim relating to the grounding of the Shen Neng 1 on Douglas Shoal, in the Great Barrier Reef Marine Park.

In 2015-16, 57 per cent of our revenue was derived from levies and 30 per cent from government funding. The remainder came from rendering of services and other sources.

Revenue for 2015-16
Figure 2: Revenue for 2015-16

Revenue has remained steady with that from 2014-15, predominantly due to a decrease in government funding, offset by an increase in other revenue from a pollution incident settlement.

Change in revenue from 2011-12 to 2015-16
Figure 3: Change in revenue from 2011-12 to 2015-16

Expenses

Our total expenditure in 2015-16 increased by $2.4 million compared to 2014-15.

The main drivers of our increased expenditure were one-off significant expenses for:

  • business restructuring
  • removal of lead paint at various aids to navigation sites
  • the clean-up of the Cape Upstart marine pollution incident (p.50).

Employee costs also increased―driven by increased staffing needs to manage the implementation of the National System. Our expenses were offset by planned savings strategies.

In 2015-16, 61 per cent of our expenditure went to suppliers, 31 per cent to employee benefits, seven per cent to depreciation, and one per cent to other expenses.

Expenditure for 2015-16
Figure 4: Expenditure for 2015-16

Areas of expenditure, in percentage terms, remain broadly in line with that of last financial year except for other revenue which decreased due to a reduction in government-funded projects.

Change in expenditure from 2011-12 to 2015-16
Figure 5: Change in expenditure from 2011-12 to 2015-16