153 RURAL INDUSTRIES RESEARCH AND DEVELOPMENT CORPORATION Section 1: Entity overview and resources .............................................................. 155 1.1 Strategic direction ......................................................................................... 155 1.2 Entity resource statement ............................................................................. 157 1.3 Budget measures .......................................................................................... 157 Section 2: Outcomes and planned performance ................................................... 158 2.1 Outcomes and performance information ...................................................... 158 Section 3: Explanatory tables and budgeted financial statements ..................... 164 3.1 Explanatory tables ........................................................................................ 164 3.2 Budgeted financial statements...................................................................... 165
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RURAL INDUSTRIES RESEARCH AND DEVELOPMENT …Programme expenses 2014–15 2015–16 2016–17 2017–18 2018–19 Estimated Budget Forward Forward Forward actual estimate estimate
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153
RURAL INDUSTRIES RESEARCH AND DEVELOPMENT CORPORATION
Section 1: Entity overview and resources .............................................................. 155
Section 2: Outcomes and planned performance ................................................... 158 2.1 Outcomes and performance information ...................................................... 158
Section 3: Explanatory tables and budgeted financial statements ..................... 164
RURAL INDUSTRIES RESEARCH AND DEVELOPMENT CORPORATION
Section 1: Entity overview and resources
1.1 STRATEGIC DIRECTION
The Rural Industries Research and Development Corporation (RIRDC) increases the
competitiveness, productivity and sustainability of Australian agriculture by investing
in research, development and extension (RD&E). RIRDC addresses national rural
issues that impact across rural industries and invests in productivity and technology
innovation for industry levy payers and identifies new plants and animals, which have
the potential to become significant agricultural industries in Australia.
RIRDC is the lead RD&E Corporation for investment that addresses cross-sectoral
national issues that impact on the competitiveness of all rural industries. These issues
affect all rural industries and their communities including trade policy, foreign
investment, skills, resource competition and the urban and rural divide.
The profitability, productivity and sustainability of RIRDC’s portfolio industries
remains RIRDC’s core business. RIRDC will continue to work closely with its industry
levy stakeholders from the rice, chicken meat, honeybee and small animal industries to
deliver outcomes through RD&E which advance their industries. RIRDC will also
continue to support a number of small, prospective industries for Australia.
RIRDC investment aims to deliver both public (i.e. whole of community) and private
(i.e. industry specific) benefits. RIRDC’s ‘public good’ research aims to facilitate
investment on issues that impact a wide range of rural industries and communities,
with a focus on research where benefits can be shared. RIRDC’s ‘industry good’
research aims to generate direct benefits to industry constituents, as well as across
industries with shared RD&E needs. This research can also generate spill-over benefits
to other industries and the wider community.
RIRDC has three main goals:
Goal 1: Promote leadership and innovation in the rural sector.
Goal 2: Increase profit and productivity in rural industries.
Goal 3: Enhance sustainability across the rural sector.
RIRDC will continue to participate, and lead where appropriate, in strategies under
the National RD&E Framework. RIRDC hosts the secretariat for the Climate Change
RIRDC Budget Statements
156
Research Strategy for Primary Industries. RIRDC also manages the collaboration in
Primary Industries Health and Safety.
Skills, leadership and capacity remain important commitments for RIRDC. The Rural
Women's Award recognises Australia’s leading rural women and opens up national
networks to help them build knowledge and skills. The RIRDC Horizon Scholarship
programme, which assists young people to transition to university, will also continue
and RIRDC will continue to support the Australian Broadcasting Corporation’s
(ABC’s) Heywire youth programme. RIRDC also continues to support the Australian
Rural Leadership Foundation Rural Leadership Programme.
RIRDC Budget Statements
157
1.2 ENTITY RESOURCE STATEMENT
Table 1.1 shows the total resources from all sources. The table summarises how
resources will be applied by outcome and by administered and departmental
classification.
Table 1.1: Corporate Commonwealth entity Rural Industries Research and Development Corporation resource statement — Budget estimates for 2015–16 as at Budget May 2015
Actual Estimate Proposed Total
available of prior at Budget estimate
appropriation year amounts
available in
2014–15 2015–16 2015–16 2015–16
Source $'000 $'000 $'000 $'000
Opening balance/Reserves at bank 15,578 15,518 - 15,518
REVENUE FROM GOVERNMENT
Payments from related entities1
Amounts from the portfolio department 9,449 - 8,628 8,628
Total 9,449 - 8,628 8,628
Special appropriations2
Primary Industries Research and
Development Act 1989, s. 30(3) – Rural
Industries R&D Corporation 7,980 - 7,678 7,678
Total special appropriations 7,980 - 7,678 7,678
Total funds from Government 17,429 - 16,306 16,306
FUNDS FROM INDUSTRY SOURCES
Levies3
4,419 - 4,065 4,065
less amounts paid to the CRF (4,419) - (4,065) (4,065)
Total - - - -
FUNDS FROM OTHER SOURCES
Interest 600 - 600 600
Royalties 300 - 300 300
Industry contributions 2,540 - 1,498 1,498
Other 293 - 293 293
Total 3,733 - 2,691 2,691
Total net resourcing for agency 36,740 15,518 18,997 34,515 1. Appropriation Bill (No. 1) 2015–16. 2. RIRDC is not directly appropriated as it is a corporate Commonwealth entity. Appropriations are made
to the Department of Agriculture which are then paid to RIRDC and are considered departmental for all purposes.
3. The levies are imposed by the Primary Industries (Excise) Levies Act 1999. The levies are collected by Department of Agriculture under the Primary Industries Levies and Charges Collection Act 1991 and are transferred to the CRF. An equivalent amount is paid by Department of Agriculture to RIRDC as a special appropriation under the Primary Industries Research and Development Act 1989 (PIRD Act).
Reader note: All figures are GST exclusive. CRF – Consolidated Revenue Fund
1.3 BUDGET MEASURES
RIRDC does not have any 2015–16 Budget measures.
RIRDC Budget Statements
158
Section 2: Outcomes and planned performance
2.1 OUTCOMES AND PERFORMANCE INFORMATION
Government outcomes are the intended results, impacts or consequences of actions by
the Government on the Australian community. Commonwealth programmes are the
primary vehicle by which Government entities achieve the intended results of their
outcome statements. Entities are required to identify the programmes which contribute
to Government outcomes over the Budget and forward years.
Each outcome is described below together with its related programmes, specifying the
performance indicators and targets used to assess and monitor RIRDC’s performance
in achieving Government outcomes.
Outcome 1: Increased knowledge that fosters sustainable, productive and profitable new and existing rural industries and furthers understanding of national rural issues through research and development in government-industry partnership.
Outcome 1 strategy
RIRDC’s Outcome 1 strategy is to invest in RD&E that addresses the key drivers
identified by the Australian Government and industry stakeholders as follows:
Promote leadership and innovation in the rural sector:
Deliver analysis on issues of national importance to the rural sector and the
broader community;
Assess the feasibility, value and potential competitiveness of new plant and
animal industry opportunities; and
Encourage research that fosters science and industry creativity.
Increase profit and productivity in rural industries:
Manage demand driven RD&E that meets industry needs;
Facilitate investments which deliver economic, social and environmental benefits
for rural industries; and
Adopt a life-cycle approach to the investment in new, developing and established
industries.
RIRDC Budget Statements
159
Enhance sustainability across the rural sector:
Work collaboratively on cross-sector issues which impact across industries;
Increase knowledge about rural industry options which offer regional economic
development opportunities;
Encourage the sustainable use and management of natural resources; and
Promote leadership, capacity, skills and pathways which create opportunities.
RIRDC Budget Statements
160
Outcome 1 expense statement
Table 2.1 provides an overview of the total expenses for Outcome 1, by programme.
Table 2.1: Budgeted Expenses for Outcome 1
2014–15 2015–16
Estimated Estimated
actual expenses
expenses
$'000 $'000
Programme 1.1: Rural Industries Research and Development
Corporation
Revenue from Government
Ordinary annual services 9,449 8,628
Special appropriations 7,980 7,678
Revenues from industry sources 2,535 1,498
Revenues from other independent sources 1,193 1,193
Total for Programme 1.1 21,157 18,997
Outcome 1 Totals by resource type
Revenue from Government
Ordinary annual services 9,449 8,628
Special appropriations 7,980 7,678
Revenues from industry sources 2,535 1,498
Revenues from other independent sources 1,193 1,193
Total expenses for Outcome 1 21,157 18,997
2014–15 2015–16
Average staffing level (number) 18.7 18.7
Outcome 1: Increased knowledge that fosters sustainable,
productive and profitable new and existing rural industries and
furthers understanding of national rural issues through research
and development in government-industry partnership.
RIRDC Budget Statements
161
Contributions to outcome 1
Programme 1.1: Rural Industries Research and Development Corporation
Programme objective
Increased knowledge that fosters sustainable, productive and profitable new and existing rural industries and furthers understanding of national rural issues through research and development in government-industry partnership.
Programme expenses
2014–15 2015–16 2016–17 2017–18 2018–19
Estimated Budget Forward Forward Forward
actual estimate estimate estimate
$'000 $'000 $'000 $'000 $'000
Annual departmental expenses:
Rural Industries Research and
Development Corporation 21,157 18,997 19,321 18,771 18,851
Total Programme expenses 21,157 18,997 19,321 18,771 18,851
Programme 1.1 Deliverables
Under the framework of the Corporate Plan, the RIRDC will deliver outcomes through three lines of investment.
Promote leadership and innovation in the rural sector by:
Conducting RD&E on national issues that have the potential to impact the competitiveness of multiple industry sectors and in areas that can help inform the future positioning of Australia’s rural industries (such as evidence to inform government policy, development of industry strategies and guide research and development (R&D) investment).
Providing credible analysis and advice that supports Australian governments and industries in global trade negotiations.
Undertaking systematic analysis that considers 15–20 year horizon trends that will impact Australia’s rural industry competitiveness. This analysis will help to inform RD&E that can help position industries for these trends (whether they be threats or opportunities).
Conducting RD&E for new and developing plant and animal industries that contributes to the profitability, sustainability and productivity of regional Australia.
Increase profit and productivity in rural industries by:
Stimulating and promoting R&D that will deliver a productive and sustainable Australian chicken meat industry that provides quality wholesome food to the nation.
Supporting RD&E that will secure a productive, sustainable and more profitable Australian beekeeping industry and will secure the pollination of Australia’s horticultural and agricultural crops.
Working with the thoroughbred horse industry to develop a programme of investment in the expectation of the introduction of an R&D levy.
Creating domestic and global demand for temperate pasture seeds by investing in RD&E that maximises the opportunities and minimises the risks for a profitable and environmentally sustainable temperate pasture seed industry.
Continued on following pages
RIRDC Budget Statements
162
Programme 1.1 Deliverables (continued)
Improving the productivity and sustainability of the Australian rice industry through the organisation, funding and management of an RD&E programme that is aligned with industry reality and stakeholder needs.
Cultivating a sustainable, growing and prosperous ginger industry supplying product of the highest quality that is strongly sought-after by discerning consumers in Australia and around the world.
Enhance sustainability across the rural sector by:
Scanning for areas that may need knowledge sharing, co-investment and/or strategic thinking across multiple industry sectors. RIRDC will play an active role facilitating discussions and obtaining advice across different sectors to help governments, rural research and development corporations and other relevant partners determine appropriate, practical and responsive RD&E.
Facilitating cross sector knowledge sharing and RD&E investment through the Climate Change Research Strategy for Primary Industries.
Driving improvements to work health and safety outcome for all those working in rural industries through the Primary Industries Health and Safety Partnership.
Enhancing the capacity and recognising the value of women in rural industries through delivering the Rural Women’s Awards for 2015 and inviting applications for 2016.
Playing an active role in addressing challenges associated with shortage of trained professionals entering rural industries through implementing the Horizon Scholarships. These Scholarships aim to attract intelligent and motivated young people to take up careers in rural industries and provide them additional opportunities during their undergraduate training.
Minimising the impact of Hendra virus.
Continued on following pages
RIRDC Budget Statements
163
Programme 1.1 Performance measures
RIRDC evaluates its performance measures for R&D against the following:
Sector five-year research and development plans are meeting their objectives to provide the knowledge:
- for diversification in Australia’s rural industries;
- to increase the profitability, resilience and sustainability of RIRDC’s established industries; and
- to address national rural issues and to meet the needs of industry, community and Government.
Demonstrating high level of support from industry, government stakeholders and partners through regular stakeholder surveys and continuing investment and co-investment.
Implementation of a revised strategy for RIRDC’s knowledge investments leading to:
- adoption of new technologies and industries;
- adoption of knowledge to increase profitability;
- resilience and sustainability of RIRDC’s established industries; and
- adoption of knowledge to address national rural issues demonstrated by client surveys and programme elevations.
Total equity 15,613 15,613 15,613 15,613 15,613 * 'Equity' is the residual interest in assets after deduction of liabilities. Prepared on Australian Accounting Standards basis.
RIRDC Budget Statements
168
Table 3.2.3: Departmental statement of changes in equity — summary of movement (budget year 2015–16)
Retained Asset Total
earnings revaluation equity
reserve
$'000 $'000 $'000
Opening balance as at 1 July 2015
Balance carried forward from
previous period 15,139 474 15,613
Adjusted opening balance 15,139 474 15,613
Comprehensive income
Surplus (deficit) for the period - - -
Total comprehensive income - - -
of which:
Attributable to the Australian Government - - -
Estimated closing balance
as at 30 June 2016 15,139 474 15,613
Closing balance attributable to the
Australian Government 15,139 474 15,613 Prepared on Australian Accounting Standards basis.
RIRDC Budget Statements
169
Table 3.2.4: Budgeted departmental statement of cash flows (for the period ended 30 June)
2014–15 2015–16 2016–17 2017–18 2018–19
Estimated Budget Forward Forward Forward
actual estimate estimate estimate
$'000 $'000 $'000 $'000 $'000
OPERATING ACTIVITIES
Cash received
Revenue from Government 17,429 16,306 16,505 16,093 16,263
Interest 600 600 600 600 600
Net GST received 1,773 1,530 1,553 1,498 1,506
Other 3,133 2,091 2,216 2,078 1,988
Total cash received 22,935 20,527 20,874 20,269 20,357
Cash used
Employees 3,251 3,513 3,614 3,614 3,614
Suppliers 3,163 2,900 2,912 2,912 2,912
Grants 16,336 13,934 14,168 13,563 13,651
Total cash used 22,750 20,347 20,694 20,089 20,177