Financial Statements
Statement of Comprehensive Income
for the year ended 30 June 2013
Note |
2013 $000 |
2012 $000 |
|
COST OF SERVICES |
|||
Expenses |
|||
Employee benefits expense |
6 |
64,335 |
69,063 |
Supplies and services |
7 |
473,546 |
453,659 |
Depreciation expense of infrastructure assets |
8 |
247,437 |
218,492 |
Depreciation and amortisation expense of other assets |
9 |
4,788 |
6,031 |
Finance costs |
10 |
900 |
1,333 |
Grants and subsidies |
11 |
222,850 |
177,311 |
Infrastructure assets retired/replaced |
12 |
36,890 |
12,670 |
Total cost of services |
1,050,746 |
938,559 |
|
Income |
|||
Revenue |
|||
Regulatory fines |
13 |
84,725 |
57,887 |
Sale of goods and services |
14 |
5,901 |
4,359 |
Commonwealth grants and contributions |
15 |
351,494 |
441,161 |
Contributions to roadworks |
16 |
95,014 |
18,499 |
Grants from other bodies |
17 |
63,537 |
108,478 |
Interest revenue |
18 |
2,498 |
1,748 |
Other revenue |
19 |
13,028 |
29,592 |
Total revenue |
616,197 |
661,724 |
|
Gains |
|||
Gain on disposal of non-current assets |
20 |
634 |
1,614 |
Total gains |
634 |
1,614 |
|
Total income other than income from State Government |
616,831 |
663,338 |
|
NET COST OF SERVICES |
433,915 |
275,221 |
|
Income from State Government |
21 |
||
Service appropriations |
712,979 |
671,974 |
|
Natural disaster funds |
90,584 |
41,361 |
|
Services received free of charge |
1,375 |
732 |
|
Royalties for Regions Fund |
1,407 |
1,310 |
|
Total income from State Government |
806,345 |
715,377 |
|
SURPLUS/(DEFICIT) FOR THE PERIOD |
372,430 |
440,156 |
|
OTHER COMPREHENSIVE INCOME |
|||
Items not reclassified subsequently to profit or loss |
|||
Changes in asset revaluation surplus |
35 |
(334,380) |
(336,800) |
Total other comprehensive income |
(334,380) |
(336,800) |
|
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD |
38,050 |
103,356 |
See also note 49 ‘Schedule of Income and Expenses by Service’.
The Statement of Comprehensive Income should be read in conjunction with the accompanying notes (PDF).
Statement of Financial Position
as at 30 June 2013
Note |
2013 $000 |
2012 $000 |
|
ASSETS |
|||
Current Assets |
|||
Cash and cash equivalents |
36 |
196,112 |
384,713 |
Restricted cash and cash equivalents |
22 |
66,497 |
45,017 |
Receivables |
23 |
60,974 |
32,512 |
Amounts receivable for services |
24 |
46,907 |
46,907 |
Inventories |
25 |
4,027 |
31 |
Prepayments |
26 |
15,847 |
18,646 |
Non-current assets classified as held for sale |
27 |
5,346 |
4,906 |
Total Current Assets |
395,710 |
532,732 |
|
Non-Current Assets |
|||
Receivables |
23 |
138 |
80 |
Amounts receivable for services |
24 |
1,373,652 |
1,244,765 |
Inventories |
25 |
1,360 |
1,495 |
Prepayments |
26 |
1,200 |
949 |
Property, plant and equipment |
28 |
482,091 |
509,163 |
Infrastructure |
29 |
39,163,464 |
38,902,231 |
Intangible assets |
30 |
16,376 |
9,754 |
Total Non-Current Assets |
41,038,281 |
40,668,437 |
|
TOTAL ASSETS |
41,433,991 |
41,201,169 |
|
LIABILITIES |
|||
Current Liabilities |
|||
Payables |
32 |
232,142 |
215,153 |
Borrowings |
33 |
5,000 |
5,000 |
Provisions |
34 |
36,604 |
35,631 |
Total Current Liabilities |
273,746 |
255,784 |
|
Non-Current Liabilities |
|||
Borrowings |
33 |
10,766 |
15,766 |
Provisions |
34 |
4,218 |
3,630 |
Total Non-Current Liabilities |
14,984 |
19,396 |
|
TOTAL LIABILITIES |
288,730 |
275,180 |
|
NET ASSETS |
41,145,261 |
40,925,989 |
|
EQUITY |
35 |
||
Contributed equity |
3,303,418 |
3,122,196 |
|
Reserves |
26,052,939 |
26,387,319 |
|
Accumulated surplus/(deficit) |
11,788,904 |
11,416,474 |
|
TOTAL EQUITY |
41,145,261 |
40,925,989 |
The Statement of Financial Position should be read in conjunction with the accompanying notes (PDF).
Statement of Changes in Equity
for the year ended 30 June 2013
Note |
Contributed Equity $000 |
Reserves $000 |
Accumulated surplus/ $000 |
Total Equity $000 |
|
Balance at 1 July 2011 |
35 |
2,865,852 |
26,724,119 |
10,976,318 |
40,566,289 |
Changes in accounting policy or correction of prior period errors |
– |
– |
– |
– |
|
Restated balance at 1 July 2011 |
2,865,852 |
26,724,119 |
10,976,318 |
40,566,289 |
|
– Surplus/(deficit) |
– |
– |
440,156 |
440,156 |
|
– Other comprehensive income |
– |
(336,800) |
– |
(336,800) |
|
Total comprehensive income for the period |
– |
(336,800) |
440,156 |
103,356 |
|
Transactions with owners in their capacity as owners: |
|||||
– Capital appropriations |
257,636 |
– |
– |
257,636 |
|
– Other contributions by owners |
716 |
– |
– |
716 |
|
– Distributions to owners |
(2,008) |
– |
– |
(2,008) |
|
Total |
256,344 |
– |
– |
256,344 |
|
Balance at 30 June 2012 |
3,122,196 |
26,387,319 |
11,416,474 |
40,925,989 |
|
Balance at 1 July 2012 |
3,122,196 |
26,387,319 |
11,416,474 |
40,925,989 |
|
– Surplus/(deficit) |
– |
– |
372,430 |
372,430 |
|
– Other comprehensive income |
– |
(334,380) |
– |
(334,380) |
|
Total comprehensive income for the period |
– |
(334,380) |
372,430 |
38,050 |
|
Transactions with owners in their capacity as owners: |
|||||
– Capital appropriations |
200,348 |
– |
– |
200,348 |
|
– Other contributions by owners |
13,114 |
– |
– |
13,114 |
|
– Distributions to owners |
(32,240) |
– |
– |
(32,240) |
|
Total |
181,222 |
– |
– |
181,222 |
|
Balance at 30 June 2013 |
3,303,418 |
26,052,939 |
11,788,904 |
41,145,261 |
The Statement of Changes in Equity should be read in conjunction with the accompanying notes (PDF).
Statement of Cash Flows
for the year ended 30 June 2013
Note |
2013 $000 |
2012 $000 |
|
CASH FLOWS FROM STATE GOVERNMENT |
|||
Service appropriations |
537,185 |
520,092 |
|
Capital appropriations |
200,348 |
257,636 |
|
Holding account drawdowns |
46,907 |
46,907 |
|
Natural disaster funding |
90,584 |
41,361 |
|
Royalties for Regions Fund |
10,562 |
1,310 |
|
Net cash provided by State Government |
885,586 |
867,306 |
|
Utilised as follows: |
|||
CASH FLOWS FROM OPERATING ACTIVITIES |
|||
Payments |
|||
Employee benefits |
(64,310) |
(68,589) |
|
Supplies and services |
(472,803) |
(451,348) |
|
Grants and subsidies |
(218,147) |
(167,395) |
|
GST payments on purchases |
(128,888) |
(102,015) |
|
Finance costs |
(1,008) |
(1,411) |
|
Receipts |
|||
Sale of goods and services |
74,967 |
20,767 |
|
Commonwealth grants and contributions |
351,494 |
441,162 |
|
Regulatory fines |
84,725 |
57,887 |
|
Interest received |
2,288 |
1,700 |
|
GST receipts on sales |
9,264 |
4,377 |
|
GST receipts from taxation authority |
120,637 |
93,407 |
|
Other receipts |
10,124 |
26,887 |
|
Rent received |
3,884 |
3,473 |
|
Net cash provided by/(used in) operating activities |
36 |
(227,773) |
(141,098) |
CASH FLOWS FROM INVESTING ACTIVITIES |
|||
Payments |
|||
Purchase of non-current physical assets |
(22,167) |
(11,307) |
|
Purchase of infrastructure assets |
(806,909) |
(516,128) |
|
Receipts |
|||
Proceeds from sale of non-current physical assets |
9,142 |
10,754 |
|
Net cash provided by/(used in) investing activities |
(819,934) |
(516,681) |
|
CASH FLOWS FROM FINANCING ACTIVITIES |
|||
Payments |
|||
Repayment of borrowings |
(5,000) |
(5,000) |
|
Net cash provided by/(used in) financing activities |
(5,000) |
(5,000) |
|
Net increase/(decrease) in cash and cash equivalents |
(167,121) |
204,527 |
|
Cash and cash equivalents at the beginning of the period |
429,730 |
225,203 |
|
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD |
36 |
262,609 |
429,730 |
The Statement of Cash Flows should be read in conjunction with the accompanying notes (PDF).
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