Notes to the Financial Statements

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Financial Statements

Note 1 Administered Financial Statements

1.1 Schedule of Administered Income and Expenses – Finance General

1.2 Schedule of Administered Assets and Liabilities – Finance General

1.3 Schedule of Administered Cash Flows – Finance General

1.4 Schedule of Recognised Administered Income and Expenses – Finance General

Note 2 Significant Accounting Policies

2.1 Objectives and Funding

2.2 Basis of Accounting

2.3 Reporting Entity

2.4 Functional and Presentation Currency

2.5 Changes in Accounting Policies

2.6 Administered Transactions and Balances

2.7 Activities Undertaken Under a Trustee or Agency Relationship

2.13 Judgements and Assumptions

2.14 Foreign Currency

2.15 Comparative Figures

2.16 Budget Information

2.17 Rounding

2.18 Departmental Taxation

2.19 Goods and Services Tax

Note 3 Departmental Output Schedules

3.1 Output Group Information

3.2 Reconciliation of Total Output Groups Net Result to Income Statement

3.3 Reconciliation of Total Output Groups Net Assets to Balance Sheet

3.4 Administered Output Schedule

3.5 Reconciliation of Total Administered Output Groups Net Result to Schedule of Administered Income and Expenses

3.6 Reconciliation of Total Administered Output Groups Net Assets to Schedule of Administered Assets and Liabilities

Note 4 Explanations of Material Variances Between Budget and Actual Outcomes

4.1 Income Statement

4.2 Balance Sheet

4.3 Cash Flow Statement

4.4 Administered Statements Explanations of Material Variances between Budget and Actual Outcomes

Note 5 Events Occurring After Balance Date

Note 6 Income

6.1 Revenue from Government

6.2 Revenue from Special Capital Investment Funds

6.3 Grants

6.4 Fees and Fines

6.5 Gain on Sale of Non financial Assets

6.6 Other Revenues

Note 7 Expenses

7.1 Employee Benefits

7.2 Depreciation and Amortisation

7.3 Supplies and Consumables

7.4 Grants and Subsidies

7.5 Other Expenses

Note 8 Assets

8.1 Receivables

8.2 Plant and Equipment

8.3 Intangibles

8.4 Other Assets

Note 9 Liabilities

9.1 Payables

9.2 Employee Benefits

9.3 Other Liabilities

Note 10 Commitments and Contingencies

10.1 Schedule of Commitments

Note 11 Equity and Movements in Equity

11.1 Reconciliation of Equity

11.2 Asset Revaluation Reserve by Class of Asset

Note 12 Cash Flow Reconciliation

12.1 Cash and Cash Equivalents

12.2 Reconciliation of Operating Surplus (Deficit) to Net Cash from Operating Activities

12.3 Acquittal of Capital Investment and Special Capital Investment Funds

Note 13 Financial Instruments

13.1 Risk exposures

13.2 Categories of Financial Assets and Liabilities

13.3 Reclassifications of Financial Assets

13.4 Net Fair Values of Financial Assets and Liabilities

Note 14 Details of Consolidated Entities

14.1 List of Entities

Note 15 Notes to Administered Statements

15.1 Administered Appropriation revenue

15.2 Administered Australian Government grants

15.3 Administered State taxation

15.4 Administered Sales of goods and services

15.5 Administered Investment income

15.6 Administered Gain on sale of non-financial assets

15.7 Administered Other revenue

15.8 Administered Superannuation expenses

15.9 Administered Depreciation and amortisation

15.10 Administered Supplies and consumables

15.11 Administered Grants and subsidies

15.12 Administered Borrowing costs

15.13 Administered Impairment losses

15.14 Administered Other expenses

15.15 Administered Receivables

15.16 Administered Equity investments

15.17 Administered Other financial assets

15.18 Administered Assets held for sale

15.19 Administered Property, plant and equipment

15.20 Administered Infrastructure

15.21 Administered Payables

15.22 Administered Interest bearing liabilities

15.23 Administered Superannuation

15.24 Administered Other liabilities

15.25 Tasmanian Risk Management Fund

15.26 Schedule of Administered Commitments

15.27 Schedule of Administered Quantifiable Contingencies

15.28 Schedule of Administered Unquantifiable Contingencies

15.29 Reconciliation of Administered equity

15.30 Administered Asset Revaluation Reserve by Class of Asset

15.31 Administered Cash in the Special Deposits and Trust Fund

15.32 Accounts Administered by Finance-General

15.33 Cash Held in a Trustee capacity or as part of an Agency Agreement

15.34 Reconciliation of Administered Operating Surplus (Deficit) to Net Cash from Administered Operating Activities

15.35 Acquittal of Administered Capital Investment and Special Capital Investment Funds

15.36 Financial Instruments (Administered)

15.37 Categories of Administered Financial Assets and Liabilities

15.38 Reclassifications of Administered Financial Assets

15.39 Net Fair Values of Administered Financial Assets and Liabilities

Note 16 Transactions and Balances Relating to a Trustee or Agency Arrangement