annual report 2011–12 - Parliament of New South Wales - NSW ...

Transport for NSW
Notes to the financial statements
For the period from 1 November 2011 to 30 June 2012
5. Service groups of Transport for NSW
Transport for NSW has three service groups namely:
Transport Infrastructure and Development:
Description: This service group covers developing and building new infrastructure along with
enhancing the existing transport system and the road network.
Integrated Transport Service Delivery
Description: This service group covers the delivery of a range of transport services, from
operation, coordination and regulation of public transport, to transport service contracts,
pricing and ticketing and customer information services. This also includes delivering more
specialised services to better connect local communities and helping disadvantaged groups.
This service group seeks to implement initiatives to increase safe road use behaviour to
ensure that drivers and riders are eligible, competent and identified, vehicles are roadworthy
and meet emissions standards and a high standard of customer service is maintained.
Integrated Transport Planning and Management
Description: This service group covers planning for integration between transport modes to
deliver a more efficient and reliable customer experience. It also includes the development of
strategic policy to influence land use planning, coordinates strategies to address future growth
and transport demands of the community and industry. This service group also seeks to
ensure safe, reliable movements of people and goods on the arterial road network and
manage the primary arterial network to retain the value and quality of the infrastructure as a
long term renewable asset.
2012
$'000
6. Cash and cash equivalents
Financial statements
Cash at bank and on hand 14,958
NSW TCorp Investment - Cash Facility 219,804
Total cash and cash equivalents 234,762
For the purposes of the Statement of cash flows, cash and cash equivalents include cash at
bank, cash on hand, and NSW TCorp Investment Cash Facility
Cash and cash equivalent assets recognised in the Statement of financial position are
reconciled at the end of the financial period to the Statement of cash flows as follows:
Cash and cash equivalents (per Statement of financial position) 234,762
Closing cash and cash equivalents (per Statement of cash flows) 234,762
Refer Note 22 for details regarding credit risk, liquidity risk, and market risk arising from
financial instruments.
Restricted cash and cash equivalents
Cash and cash equivalent assets include restricted cash of $9.8m which can only be used for
Financial statements
161