Details of Projected Movements in Departmental
Net Assets
Ministry of Education
| Details of Net Asset Schedule | 2011/12 Main Estimates Projections $000 | 2011/12 Supplementary Estimates Projections $000 | Explanation of Projected Movements in 2011/12 |
|---|---|---|---|
| Opening Balance | 10,328,819 | 10,291,962 | Supplementary Estimates opening balance reflects the audited results as at 30 June 2011. |
| Capital Injections | 136,961 | 65,185 | Mainly owing to delays in the school property works programme, including defective buildings ($32 million) and other programmes ($46 million) partly offset by funding for implementation of ultra-fast broadband in schools ($6.224 million). |
| Capital Withdrawals | (24,053) | (24,053) | |
| Surplus to be Retained (Deficit Incurred) | - | (6,578) | Mainly owing to writing off school property assets that are unsafe or no longer economic to repair. |
| Other Movements | - | - | |
Closing Balance | 10,441,727 | 10,326,516 |
