Section 3: Budgeted financial statements Section 3 presents budgeted financial statements which provide a comprehensive snapshot of entity finances for the 2017-18 budget year, including the impact of budget measures and resourcing on financial statements. 3.1 Budgeted financial statements 3.1.1 Differences between entity resourcing and financial statements No material differences exist between entity resourcing and the financial statements. 3.1.2 Explanatory notes and analysis of budgeted financial statements Departmental expenditure will increase over the 2017-18 estimate year in line with maintaining and developing the Agency’s ability to support the Board in managing the Future Fund and other Australian Government Investment Funds. Administered expenditure will increase over the 2017-18 estimate year as a result of the expected growth of the portfolio and the evolution of the asset allocation in line with the Board’s investment strategy. 3.2. Budgeted financial statements tables Table 3.1: Comprehensive income statement (showing net cost of services) for the period ended 30 June Prepared on Australian Accounting Standards basis. Table 3.2: Budgeted departmental balance sheet (as at 30 June) Prepared on Australian Accounting Standards basis. Table 3.3: Departmental statement of changes in equity summary of — movement (Budget year 2017-18) The FFMA does not have any changes in equity.
Section 3: Budgeted financial statements Section 3 presents budgeted financial statements which provide a comprehensive snapshot of entity finances for the 2017-18 budget year, including the impact of budget measures and resourcing on financial statements. 3.1 Budgeted financial statements 3.1.1 Differences between entity resourcing and financial statements No material differences exist between entity resourcing and the financial statements. 3.1.2 Explanatory notes and analysis of budgeted financial statements Departmental expenditure will increase over the 2017-18 estimate year in line with maintaining and developing the Agency’s ability to support the Board in managing the Future Fund and other Australian Government Investment Funds. Administered expenditure will increase over the 2017-18 estimate year as a result of the expected growth of the portfolio and the evolution of the asset allocation in line with the Board’s investment strategy. 3.2. Budgeted financial statements tables Table 3.1: Comprehensive income statement (showing net cost of services) for the period ended 30 June Prepared on Australian Accounting Standards basis. Table 3.2: Budgeted departmental balance sheet (as at 30 June) Prepared on Australian Accounting Standards basis. Table 3.3: Departmental statement of changes in equity — summary of movement (Budget year 2017-18) The FFMA does not have any changes in equity.