Schedule of Liabilities
as at 30 June 2012
The Schedule of Liabilities summarises the liabilities that the Department administers on behalf of the Crown.
| 2011 Actual $000 |
Note | 2012 Actual $000 |
2012 Main Estimates $000 |
2012 Supp. Estimates Voted $000 |
|
|---|---|---|---|---|---|
Current Liabilities |
|||||
| 3,823,000 | Crown balances with Westpac | 4,418,000 | 3,057,000 | 3,690,000 | |
| 683,516 | Payables and accrued expenses | 326,664 | 316,080 | 316,080 | |
| 19,784,000 | Borrowings | 18(c) | 24,025,000 | 21,928,000 | 22,671,000 |
| 45,584 | Deferred revenue - current | 3(c) | 28,556 | 28,757 | 28,757 |
| 679,000 | Government Superannuation Fund unfunded liability | 8 | 705,000 | 700,000 | 700,000 |
| 37,314 | Guarantee scheme payable/provision | 3(a) | 1,801 | - | - |
| 3,320 | Insurance premiums received in advance | 6 | 1,379 | 3,320 | 3,320 |
| 1,500 | NPF Crown liability for scheme deficiency s72 | 13 | - | - | - |
| - | Derivatives in loss | 34 | - | - | |
| - | Other provisions | 2,6 | 393,865 | - | - |
| 6,437 | Rugby World Cup provision | 23 | - | - | - |
| 25,063,671 | Total Current Liabilities | 29,900,299 | 26,033,157 | 27,409,157 | |
Non-current Liabilities |
|||||
| 54,896,000 | Borrowings | 18(c) | 60,425,000 | 55,896,000 | 56,630,000 |
| 80,357 | Deferred revenue | 3(c) | 29,341 | 30,000 | 30,000 |
| 9,197 | Insurance premiums received in advance | 6 | 1,193 | 8,557 | 8,557 |
| 9,473,892 | Government Superannuation Fund unfunded liability | 8 | 12,835,826 | 11,183,000 | 11,183,000 |
| 981,303 | NPF DBP(A) Scheme unfunded provision | 13 | 1,075,707 | 911,001 | 911,001 |
| 65,440,749 | Total Non-current Liabilities | 74,367,067 | 68,028,558 | 68,762,558 | |
| 90,504,420 | Total Non-departmental Liabilities | 104,267,366 | 94,061,715 | 96,171,715 |
The Statement of Accounting Policies is an integral part of these supplementary financial schedules.
For a full understanding of the Crown's financial position and the result of its operations for the year, refer to the consolidated Financial Statements of the Government for the year ended 30 June 2012.
