supplies and services: the decrease of $0.583 million in the 201213 estimated outcome from the original budget is due to lower ComSuper administration payments for the management of CSS/PSS & PSSap member accounts, actuarial and legal expenses and consultant fees. other expenses: the increase of $17.122 million in the 201213 estimated outcome from the original budget is due to unrealised capital losses associated with the receipt of distributions from unit trust investments; and the decrease of $18.297 million in the 201314 Budget from the 201213 estimated outcome is due to a return to the long-term investment earnings assumption of a portfolio return of CPI plus five per cent (net of fees). Statement of Assets and Liabilities on Behalf of the Territory non current investments: the increase of $73.005 million in the 201213 estimated outcome from the original budget is due to a combination of the flow-on effects of the 2011-12 audited outcome and the increase in the estimated outcome for investment earnings; and the increase of $189.033 million in the 201314 Budget from the 201213 estimated outcome is due to the reinvestment of projected investment earnings, offset by expected cash outflows. current employee benefits: the increase of $0.967 million in the 201213 estimated outcome from the original budget and the increase of $17.467 million in the 201314 Budget from the 201213 estimated outcome is due to the outcome of the latest actuarial review and the estimated growth in annual employee superannuation benefit payments. non current employee benefits: the decrease of $8.409 million in the 201213 estimated outcome from the original budget is due to the outcome of the latest actuarial review that incorporates membership data as at 30 June 2012; and the increase of $257.714 million in the 201314 Budget from the 201213 estimated outcome is due to the outcome of the latest actuarial review and the estimated growth in annual employee superannuation benefit liabilities. Statement of Changes in Equity on Behalf of the Territory Variations in the statement are explained in the notes above. Statement of Cash Flows on Behalf of the Territory Variations in the statement are explained in the notes above.
supplies and services: the decrease of $0.583 million in the 201213 estimated outcome from the original budget is due to lower ComSuper administration payments for the management of CSS/PSS & PSSap member accounts, actuarial and legal expenses and consultant fees. other expenses: the increase of $17.122 million in the 201213 estimated outcome from the original budget is due to unrealised capital losses associated with the receipt of distributions from unit trust investments; and the decrease of $18.297 million in the 201314 Budget from the 201213 estimated outcome is due to a return to the long-term investment earnings assumption of a portfolio return of CPI plus five per cent (net of fees). Statement of Assets and Liabilities on Behalf of the Territory non current investments: the increase of $73.005 million in the 201213 estimated outcome from the original budget is due to a combination of the flow-on effects of the 2011-12 audited outcome and the increase in the estimated outcome for investment earnings; and the increase of $189.033 million in the 201314 Budget from the 201213 estimated outcome is due to the reinvestment of projected investment earnings, offset by expected cash outflows. current employee benefits: the increase of $0.967 million in the 201213 estimated outcome from the original budget and the increase of $17.467 million in the 201314 Budget from the 201213 estimated outcome is due to the outcome of the latest actuarial review and the estimated growth in annual employee superannuation benefit payments. non current employee benefits: the decrease of $8.409 million in the 201213 estimated outcome from the original budget is due to the outcome of the latest actuarial review that incorporates membership data as at 30 June 2012; and the increase of $257.714 million in the 201314 Budget from the 201213 estimated outcome is due to the outcome of the latest actuarial review and the estimated growth in annual employee superannuation benefit liabilities. Statement of Changes in Equity on Behalf of the Territory Variations in the statement are explained in the notes above. Statement of Cash Flows on Behalf of the Territory Variations in the statement are explained in the notes above.
Superannuation-Provision-Account.docx