ACTTAB LIMITED
Objectives
ACTTAB Limited’s principal objective is to responsibly provide a comprehensive range of gaming and wagering products and services to the community.
ACTTAB will develop and market the entertainment value of its products and utilise the latest technology to deliver fast, reliable, secure, and user-friendly services.
2006‑07 Priorities
Strategic and operational issues to be pursued in 2006‑07 include:
•	refurbishing traditional retail outlets and constructing ‘super-shops’ in targeted locations;
•	continuing the assessment and rationalisation of the existing retail network;
•	relocating the Head Office to Gungahlin in late 2006;
•	maintaining excellence in customer services, including expanded ‘value‑add’ information services;
•	emphasising high standards of people, information and resource management;
•	enhancing ACTTAB’s community profile through targeted partnership and sponsorship arrangements; and
•	ensuring that the harmful effects of gambling are minimised through consumer education and availability of counselling services.

ACTTAB	
Operating Statement	
  2005‑06			  2005‑06	   2006‑07		  2007-08	  2008-09	  2009-10		
    Budget			Est.Outcome	   Budget	   Var	  Estimate	   Estimate	  Estimate		
    $'000			   $'000	   $'000	    %	   $'000	    $'000	   $'000		
		Income								
		Revenue								
25,520		User Charges - Non ACT Government	29,912	30,635	2	31,614	32,680	33,605		
365		Interest	684	584	-15	555	496	624		
549		Other Revenue	236	930	294	192	196	200		
26,434		Total Revenue	30,832	32,149	4	32,361	33,372	34,429		
		Gains								
0		Total Gains	0	0	-	0	0	0		
26,434		Total Income	30,832	32,149	4	32,361	33,372	34,429		
		Expenses								
4,118		Employee Expenses	4,348	4,644	7	4,830	5,023	5,223		
407		Superannuation Expenses	384	421	10	438	456	474		
8,457		Supplies and Services	9,115	10,234	12	10,029	10,330	10,640		
772		Depreciation and Amortisation	867	1,116	29	1,312	1,260	1,189		
7		Borrowing Costs	7	7	-	8	8	8		
10,205		Other Expenses	11,322	11,563	2	11,819	12,083	12,354		
23,966		Total Ordinary Expenses	26,043	27,985	7	28,436	29,160	29,888		
2,468		Operating Result From Ordinary Activities	4,789	4,164	-13	3,925	4,212	4,541		
740		Income Tax Equivalent	1,437	1,249	-13	1,177	1,264	1,362		
1,728		Operating Result	3,352	2,915	-13	2,748	2,948	3,179		

ACTTAB	
Balance Sheet	
    Budget			Est.Outcome	   Planned		   Planned	   Planned	   Planned		
as at 30/6/06			as at 30/6/06	as at 30/6/07	   Var	as at 30/6/08	as at 30/6/09	as at 30/6/10		
   $'000			   $'000	    $'000	    %	    $'000	    $'000	    $'000		
		Current Assets								
4,829		Cash	10,932	9,599	-12	9,515	8,653	10,814		
544		Receivables	765	788	3	812	836	861		
116		Inventories	98	101	3	104	107	110		
508		Other	135	139	3	143	148	152		
5,997		Total Current Assets	11,930	10,627	-11	10,574	9,744	11,937		
		Non Current Assets								
15,243		Property, Plant and Equipment	8,080	11,081	37	12,815	15,205	14,701		
206		Intangibles	572	266	-53	0	0	0		
15,449		Total Non Current Assets	8,652	11,347	31	12,815	15,205	14,701		
21,446		TOTAL ASSETS	20,582	21,974	7	23,389	24,949	26,638		
		Current Liabilities								
6,943		Payables	1,672	1,507	-10	1,822	1,861	1,716		
578		Employee Benefits	601	625	4	650	677	703		
0		Other Provisions	1,655	1,676	1	1,457	1,373	1,475		
740		Income Tax Payable	0	0	-	0	0	0		
8,261		Total Current Liabilities	3,928	3,808	-3	3,929	3,911	3,894		
		Non Current Liabilities								
127		Employee Benefits	65	68	5	71	74	76		
127		Total Non Current Liabilities	65	68	5	71	74	76		
8,388		TOTAL LIABILITIES	3,993	3,876	-3	4,000	3,985	3,970		
13,058		NET ASSETS	16,589	18,098	9	19,389	20,964	22,668		
		REPRESENTED BY FUNDS EMPLOYED								
12,958		Accumulated Funds	15,145	16,654	10	17,945	19,520	21,224		
100		Reserves	1,444	1,444	-	1,444	1,444	1,444		
13,058		TOTAL FUNDS EMPLOYED	16,589	18,098	9	19,389	20,964	22,668		

ACTTAB	
Cash Flow Statement	
  2005‑06			  2005‑06	   2006‑07		  2007-08	  2008-09	  2009-10		
    Budget			Est.Outcome	   Budget	   Var	  Estimate	   Estimate	  Estimate		
    $'000			   $'000	   $'000	    %	   $'000	    $'000	   $'000		
		CASH FLOWS FROM OPERATING ACTIVITIES								
		Receipts								
25,520		User Charges	30,050	30,653	2	31,587	32,576	33,614		
365		Interest Received	365	311	-15	285	149	153		
546		Other Revenue	546	566	4	582	600	615		
26,431		Operating Receipts	30,961	31,530	2	32,454	33,325	34,382		
		Payments								
4,525		Related to Employees	4,732	5,065	7	5,268	5,479	5,697		
8,457		Related to Supplies and Services	9,115	10,234	12	10,029	10,330	10,640		
7		Borrowing Costs	7	7	-	8	8	8		
10,945		Other	12,759	12,812	..	12,996	13,347	13,716		
23,934		Operating Payments	26,613	28,118	6	28,301	29,164	30,061		
2,497		NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES	4,348	3,412	-22	4,153	4,161	4,321		
		CASH FLOWS FROM INVESTING ACTIVITIES								
		Receipts								
3,315		Proceeds from Sale of Property, Plant & Equipment	0	3,500	#	0	0	0		
3,315		Investing Receipts	0	3,500	#	0	0	0		
		Payments								
8,136		Purchase of Property, Plant and Equipment	1,188	6,569	453	2,780	3,650	685		
8,136		Investing Payments	1,188	6,569	453	2,780	3,650	685		
-4,821		NET CASH INFLOW/(OUTFLOW) FROM INVESTING ACTIVITIES	-1,188	-3,069	-158	-2,780	-3,650	-685		
		CASH FLOWS FROM FINANCING ACTIVITIES								
		Payments								
2,793		Dividends to Government	3,175	1,676	-47	1,457	1,373	1,475		
2,793		Financing Payments	3,175	1,676	-47	1,457	1,373	1,475		
-2,793		NET CASH INFLOW/(OUTFLOW) FROM FINANCING ACTIVITIES	-3,175	-1,676	47	-1,457	-1,373	-1,475		
-5,117		NET INCREASE/(DECREASE) IN CASH HELD	-15	-1,333	#	-84	-862	2,161		
9,946		CASH AT BEGINNING OF REPORTING PERIOD	10,947	10,932	..	9,599	9,515	8,653		
4,829		CASH AT THE END OF THE REPORTING PERIOD	10,932	9,599	-12	9,515	8,653	10,814		

ACTTAB	
Statement of Changes in Equity	
    Budget			Est.Outcome	   Planned		   Planned	   Planned	   Planned		
as at 30/6/06			as at 30/6/06	as at 30/6/07	   Var	as at 30/6/08	as at 30/6/09	as at 30/6/10		
   $'000			   $'000	    $'000	    %	    $'000	    $'000	    $'000		
14,124		Opening Balance	15,016	16,589	10	18,098	19,389	20,964		
		Accumulated Funds								
0		Net Effect of a Correction of an Error	52	270	419	0	0	0		
1,728		Operating Result for the Period	3,352	2,915	-13	2,748	2,948	3,179		
		Reserves								
0		Increase/(Decrease) in asset revaluation reserve	1,344	0	-100	0	0	0		
1,728		Total Income And Expense For The Period	4,748	3,185	-33	2,748	2,948	3,179		
		Transactions Involving Equity Holders Affecting Accumulated Funds								
-2,794		Dividend Approved	-3,175	-1,676	47	-1,457	-1,373	-1,475		
13,058		Closing Balance	16,589	18,098	9	19,389	20,964	22,668		
Notes to the Budget Statements
Significant variations are as follows:
Operating Statement
•	user charges – non ACT Government:  the increase of $4.392 million in the 2005‑06 estimated outcome from the original budget and the increase of $0.723 million in the 2006‑07 Budget from the 2005‑06 estimated outcome are primarily due to increased premium punter activity;
•	interest revenue:
–	the increase of $0.319 million in the 2005‑06 estimated outcome from the original budget is largely due to delays in the capital expenditure program resulting in additional funds for investment; and
–	the decrease of $0.1 million in the 2006‑07 Budget from the 2005‑06 estimated outcome is due to the capital expenditure program, including the new head office development and outlet refurbishments, resulting in less funds for investment;
•	other revenue:
–	the decrease of $0.313 million in the 2005‑06 estimated outcome from the original budget is primarily due to changes in agency agreements; and
–	the increase of $0.694 million in the 2006‑07 Budget from the 2005‑06 estimated outcome is due to the expected gain on sale of the Dickson premises;
•	employee expenses:  the increase of $0.230 million in the 2005‑06 estimated outcome from the original budget and the increase of $0.296 million in the 2006‑07 Budget from the 2005‑06 estimated outcome are due to the increases provided for in the Enterprise Bargaining Agreement including annual increases in salaries;
•	supplies and services:
–	the increase of $0.658 million in the 2005‑06 estimated outcome from the original budget is due to increased property costs due to rental associated with the new head office and one additional outlet; and
–	the increase of $1.119 million in the 2006‑07 Budget from the 2005‑06 estimated outcome is the full year effect of increased property costs due to rental associated with the new head office and one additional outlet;
•	depreciation and amortisation:  the increase of $0.249 million in the 2006‑07 Budget from the 2005‑06 estimated outcome is due to increases in capital expenditure resulting in increased depreciation charges; and
•	other expenses:  the increase of $1.117 million in the 2005‑06 estimated outcome from the original budget and the increase of $0.241 million in the 2006‑07 Budget from the 2005‑06 estimated outcome are due to increased racing turnover resulting in increased racing distribution charges.
Balance Sheet
•	cash:
–	the increase of $6.103 million in the 2005‑06 estimated outcome from the original budget is due largely to delays in capital expenditure on the new head office and the decision not to purchase selling terminals; and
–	the decrease of $1.333 million in the 2006‑07 Budget from the 2005‑06 estimated outcome is due to the capital expenditure associated with the head office development;
•	property, plant and equipment:
–	the decrease of $7.163 million in the 2005‑06 estimated outcome from the original budget is due to delays in capital expenditure on the new head office; and
–	the increase of $3.001 million in the 2006‑07 Budget from the 2005‑06 estimated outcome is due to progress in the above mentioned capital expenditure program;
•	intangibles:
–	the increase of $0.366 million in the 2005‑06 estimated outcome from the original budget is due to a reclassification of non-current assets; and
–	the decrease of $0.306 million in the 2006‑07 Budget from the 2005‑06 estimated outcome is due to amortisation of intangibles.
Cashflow Statement
•	proceeds from sale of property, plant and equipment:
–	the decrease of $3.315 million in the 2005‑06 estimated outcome from the original budget is due to delays in the sale of the Dickson premises; and
–	the increase of $3.5 million in the 2006‑07 Budget from the 2005‑06 estimated outcome is due to the sale of the Dickson premises;
•	purchase of property, plant and equipment:
–	the decrease of $6.948 million in the 2005‑06 estimated outcome from the original budget is due to delays in capital expenditure associated with the new head office and the decision not to buy selling terminals; and
–	the increase of $5.381 million in the 2006‑07 Budget from the 2005‑06 estimated outcome is due to realisation of the head office project expenditure and the outlet refurbishment program.