ACTTAB LIMITED
Objectives
ACTTAB Limited’s objective is to provide a comprehensive range of entertaining (traditional and new) gambling products and services targeting the needs of the broadest possible customer base.
ACTTAB will continue to convey the need for responsible gambling to its existing and potential customers, develop and market the entertainment and value of ACTTAB products, investigate mutually beneficial business relationships and utilise the latest technology to deliver fast, reliable, secure and user friendly services.
2005-06 Highlights
Strategic and operational issues to be pursued in 2005‑06 include:
•	expanding the product range for broader market appeal and enhanced ‘entertainment’ experience;
•	revitalising and rationalising the agency network incorporating traditional suburban agencies, ACTTAB managed branches and ‘super-shops’ in targeted locations;
•	renewing major technology incorporating the roll‑out of next generation selling terminals throughout the network;
•	maintaining excellence in customer services including expanding ‘value‑added’ information services;
•	expanding ‘home’ access to products and services with a full entertainment package provided via the internet;
•	increasing the use of self-serve bet placement options; and
•	maintaining high standards of people, information and resource management.

ACTTAB	
Operating Statement	
  2004-05			  2004-05	   2005-06		  2006-07	  2007-08	  2008-09		
    Budget			Est.Outcome	   Budget	   Var	  Estimate	   Estimate	  Estimate		
    $'000			   $'000	   $'000	    %	   $'000	    $'000	   $'000		
		Income								
		Revenue								
25  353		User Charges - Non ACT Government	25  852	25  520	-1	26  292	27  090	27  823		
396		Interest	515	365	-29	311	285	149		
507		Other Revenue	530	549	4	565	582	600		
26  256		Total Revenue	26  897	26  434	-2	27  168	27  957	28  572		
		Gains								
0		Total Gains	0	0	-	0	0	0		
26  256		Total Income	26  897	26  434	-2	27  168	27  957	28  572		
		Expenses								
4  274		Employee Expenses	3  959	4  118	4	4  283	4  453	4  632		
338		Superannuation Expenses	392	407	4	424	441	458		
7  924		Supplies and Services	8  013	8  457	6	8  625	8  923	9  237		
958		Depreciation and Amortisation	933	772	-17	1  988	1  800	2  321		
8		Borrowing Costs	8	7	-13	7	6	6		
10  247		Other Expenses	10  337	10  205	-1	10  395	10  594	10  777		
23  749		Total Ordinary Expenses	23  642	23  966	1	25  722	26  217	27  431		
2  507		Operating Result From Ordinary Activities	3  255	2  468	-24	1  446	1  740	1  141		
752		Income Tax Equivalent	976	740	-24	434	522	342		
1  755		Operating Result	2  279	1  728	-24	1  012	1  218	799		

ACTTAB	
Balance Sheet	
    Budget			Est.Outcome	   Planned		   Planned	   Planned	   Planned		
as at 30/6/05			as at 30/6/05	as at 30/6/06	   Var	as at 30/6/07	as at 30/6/08	as at 30/6/09		
   $'000			   $'000	    $'000	    %	    $'000	    $'000	    $'000		
		Current Assets								
6  915		Cash	9  946	4  829	-51	5  978	5  023	7  235		
585		Receivables	528	544	3	560	577	594		
95		Inventories	113	116	3	119	122	125		
205		Other	513	508	-1	508	503	500		
7  800		Total Current Assets	11  100	5  997	-46	7  165	6  225	8  454		
		Non Current Assets								
10  751		Property, Plant and Equipment	10  719	15  243	42	14  449	16  116	14  094		
709		Intangibles	600	206	-66	0	0	0		
11  460		Total Non Current Assets	11  319	15  449	36	14  449	16  116	14  094		
19  260		TOTAL ASSETS	22  419	21  446	-4	21  614	22  341	22  548		
		Current Liabilities								
873		Payables	6  639	6  943	5	7  240	7  140	7  309		
514		Employee Benefits	558	578	4	601	622	644		
1  133		Other Provisions	0	0	-	0	0	0		
752		Income Tax Payable	977	740	-24	434	522	342		
3  272		Total Current Liabilities	8  174	8  261	1	8  275	8  284	8  295		
		Non Current Liabilities								
150		Employee Benefits	121	127	5	133	139	145		
150		Total Non Current Liabilities	121	127	5	133	139	145		
3  422		TOTAL LIABILITIES	8  295	8  388	1	8  408	8  423	8  440		
15  838		NET ASSETS	14  124	13  058	-8	13  206	13  918	14  108		
		REPRESENTED BY FUNDS EMPLOYED								
15  738		Accumulated Funds	14  024	12  958	-8	13  106	13  818	14  008		
100		Reserves	100	100	0	100	100	100		
15  838		TOTAL FUNDS EMPLOYED	14  124	13  058	-8	13  206	13  918	14  108		

ACTTAB	
Cash Flow Statement	
  2004-05			  2004-05	   2005-06		  2006-07	  2007-08	  2008-09		
    Budget			Est.Outcome	   Budget	   Var	  Estimate	   Estimate	  Estimate		
    $'000			   $'000	   $'000	    %	   $'000	    $'000	   $'000		
		CASH FLOWS FROM OPERATING ACTIVITIES								
		Receipts								
25  353		User Charges	25  852	25  520	-1	26  292	27  090	27  823		
396		Interest Received	515	365	-29	311	285	149		
507		Other Revenue	530	546	3	566	582	600		
26  256		Operating Receipts	26  897	26  431	-2	27  169	27  957	28  572		
		Payments								
4  612		Related to Employees	4  351	4  525	4	4  707	4  894	5  090		
7  924		Related to Supplies and Services	8  014	8  457	6	8  625	8  923	9  237		
8		Borrowing Costs	8	7	-13	7	5	6		
10  999		Other	11  312	10  945	-3	10  829	11  116	11  119		
23  543		Operating Payments	23  685	23  934	1	24  168	24  938	25  452		
2  713		NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES	3  212	2  497	-22	3  001	3  019	3  120		
		CASH FLOWS FROM INVESTING ACTIVITIES								
		Receipts								
0		Proceeds from Sale of Property, Plant & Equipment	0	3  315	#	0	0	0		
0		Investing Receipts	0	3  315	#	0	0	0		
		Payments								
4  879		Purchase of Property, Plant and Equipment	400	8  136	#	988	3  467	299		
4  879		Investing Payments	400	8  136	#	988	3  467	299		
-4  879		NET CASH INFLOW/(OUTFLOW) FROM INVESTING ACTIVITIES	-400	-4  821	#	-988	-3  467	-299		
		CASH FLOWS FROM FINANCING ACTIVITIES								
		Payments								
1  132		Dividends to Government	3  563	2  793	-22	864	507	609		
1  132		Financing Payments	3  563	2  793	-22	864	507	609		
-1  132		NET CASH INFLOW/(OUTFLOW) FROM FINANCING ACTIVITIES	-3  563	-2  793	22	-864	-507	-609		
-3  298		NET INCREASE/(DECREASE) IN CASH HELD	-751	-5  117	-581	1  149	-955	2  212		
10  213		CASH AT BEGINNING OF REPORTING PERIOD	10  697	9  946	-7	4  829	5  978	5  023		
6  915		CASH AT THE END OF THE REPORTING PERIOD	9  946	4  829	-51	5  978	5  023	7  235		

ACTTAB	
Statement of Changes in Equity	
    Budget			Est.Outcome	   Planned		   Planned	   Planned	   Planned		
as at 30/6/05			as at 30/6/05	as at 30/6/06	   Var	as at 30/6/07	as at 30/6/08	as at 30/6/09		
   $'000			   $'000	    $'000	    %	    $'000	    $'000	    $'000		
15  215		Opening Balance	15  408	14  124	-8	13  058	13  206	13  918		
		Accumulated Funds								
1  755		Operating Result for the Period	2  279	1  728	-24	1  012	1  218	799		
		Reserves								
1  755		Total Income And Expense For The Period	2  279	1  728	-24	1  012	1  218	799		
		Transactions Involving Equity Holders Affecting Accumulated Funds								
-1  132		Dividend Approved	-3  563	-2  794	-22	-864	-506	-609		
15  838		Closing Balance	14  124	13  058	-8	13  206	13  918	14  108		
Notes to the Budget Statements
Significant variations are as follows:
Operating Statement 
•	interest revenue:
•	the increase of $0.119m in the 2004‑05 estimated outcome from the original budget is due to the delays in the progress of the head office project and the consequent delay in using cash reserves has led to higher interest earnings; and
•	the decrease of $0.150m in 2005‑06 Budget from the 2004‑05 estimated outcome is due to the decrease in funds available for investment as a result of the commencement of the head office move to Gungahlin.
•	supplies and services:  the increase of $0.444m in the 2005‑06 Budget from the 2004‑05 estimated outcome is largely a result of the leasing costs incurred at the new head office in Gungahlin; and
•	depreciation expenses:  the decrease of $0.161m in the 2005‑06 Budget from the 2004‑05 estimated outcome is due to capital items becoming fully depreciated and the majority of ACTTAB’s 2005‑06 capital expenditure occurring in the second half of 2005‑06.
Balance Sheet
•	cash:
•	the increase of $3.031m in the 2004‑05 estimated outcome from the original budget is due to expenditure on the new head office being delayed and the improved financial performance of the business which is partially offset by the payment of a special dividend to the Government of $2.345m; and
•	the decrease of $5.117m in the 2005‑06 Budget from the 2004‑05 estimated outcome is due to capital expenditure associated with the new head office, information technology improvements and the payment of an additional $1.655m special dividend to the Government.
•	property plant and equipment:  the increase of $4.524m in the 2005‑06 Budget from the 2004‑05 estimated outcome is due to the purchase of assets for the new head office and the purchase of information technology assets.
Statement of Changes in Equity
•	dividend approved:  the increase of $2.431m in the 2004‑05 estimated outcome from the original budget is largely due to the payment of a special dividend to the Government.  The decrease of $0.770m in the 2005‑06 Budget from the 2004‑05 estimated outcome is due to the payment of a smaller special dividend in 2005‑06.