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Statement of Financial Position

as at 30 June 2011

The Statement of Financial Position reports the total assets and liabilities of the Treasury, as at 30 June 2011. Taxpayers' funds are represented by the difference between the assets and liabilities.

Statement of Financial Position
2010
Actual
$000
Notes 2011
Actual
$000
2011
Main Estimates
$000
2011
Supp. Estimates
$000
 

Taxpayers' Funds

6,342 General funds 5,742 5,742 5,742
6,342 Total Taxpayers' Funds   5,742 5,742 5,742
 
Represented by:
 

Assets

 

Current Assets

3,493 Cash and bank balances 4,755 3,557 1,988
438 Prepayments 344 468 418
512 Accounts receivable 875 394 549
8,799 Debtor - Crown 6,751 6,696 8,940
13,242 12,725 11,115 11,895
 

Non-current Assets

3,653 Property, plant and equipment 7 3,328 3,660 3,678
398 Intangible assets 8 203 479 157
4,051 3,531 4,139 3,835
17,293 Total Assets   16,256 15,254 15,730
 
Less:
 

Liabilities

 

Current Liabilities

5,254 Creditors and other payables 9 4,802 4,300 4,463
4,810 Provision for employee entitlements 10 4,903 4,822 4,655
10,064 9,705 9,122 9,118
 

Non-current Liabilities

887 Provision for employee entitlements 10 809 390 870
887 809 390 870
10,951 Total Liabilities   10,514 9,512 9,988
6,342 Net Assets   5,742 5,742 5,742

The accompanying accounting policies and notes form part of these financial statements.

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