Statement of Financial Performance
STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2003
| 2001-02 | 2002-03 | ||
| Note | $’000 | $’000 | |
| Revenue from ordinary activities | |||
| Recurrent appropriations | 1.3(a) | 40,703 | 43,072 |
| Capital appropriations | 1.3(a) | 70,198 | 73,243 |
| Commonwealth grants | 1.3(b), 3.1 | 426 | 971 |
| User charges | 1.3(c), 3.2 | 543 | 960 |
| Fees and fines | 1.3(e), 3.3 | 233 | 284 |
| Gross proceeds from the disposal of assets | 1.3(f), 3.4 | 13 | 104 |
| Other revenue from ordinary activities | 1.3(i), 3.5 | 49,714 | 16,096 |
| Total revenue from ordinary activities | 161,830 | 134,730 | |
| Expenses from ordinary activities (excluding borrowing costs) | |||
| Employee benefits | 1.4(a), 4.1 | 31,339 | 33,666 |
| Depreciation and amortisation | 1.4(b), 4.2 | 72,121 | 79,338 |
| Grants and subsidies | 1.4(c), 4.3 | 2,527 | 2,132 |
| Written down value of disposed assets | 1.4(d), 3.4 | 368 | 2,004 |
| Write down of assets | 1.4(e), 4.4 | 3,280 | 11,810 |
| Liabilities assumed (assets transferred) | 1.4(h), 4.5 | ... | 30 |
| Other expenses from ordinary activities | 1.4(i), 4.6 | 46,278 | 50,246 |
| Total expenses from ordinary activities (excluding borrowing costs) | 155,913 | 179,226 | |
| Net operating surplus (deficit) from ordinary activities | 5,917 | -44,496 | |
| Equity interests | |||
| Net surplus (deficit) attributable to the State | 5,917 | -44,496 | |
| Net increase (decrease) to asset revaluation reserve | 143,631 | 297,748 | |
| Total revenues, expenses and valuation adjustments | |||
| Recognised directly in equity | 8.2 | 548 | -5,903 |
| Total changes in equity other than those resulting from transactions with Tasmanian State Government in its capacity as owner |
150,096 | 247,349 |
The above Statement of Financial Performance should be read in conjunction with the accompanying notes.
