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

Department of Transport
Notes to the financial statements
for the year ended 30 June 2012
1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'd)
(r)
Budgeted amounts
For the parent entity only, the budgeted amounts are drawn from the original budgeted financial statements
presented to Parliament in respect of the reporting period as adjusted for S24 of the Public Finance and Audit
Act 1983 (allocations adjustments for transfer of functions between departments). Other amendments made to
the budget are not reflected in the budget amounts.
(s)
Disaggregation of financial information by main activities of the reporting entity
In accordance with the Code the reporting entity has disaggregated expenses and revenue and assets and
liabilities by its main activities. The reporting entity’s main activities comprise:
Rail Services
Road Transport Services
(mainly Bus Services)
Roads Traffic and
Maritime Services
Ferry Services
Integrated Transport
Services
- Rail Corporation
- Country Rail Infrastructure Authority
- Transport Construction Authority
- Sydney Metro
- Light Rail and Monorail
- State Transit Authority
- Department of Transport and Transport for New South Wales contributions for
bus transport services in the Sydney metropolitan area and rural and regional
areas
- Roads and Maritime Services
- Sydney Ferries
- Private ferries
- Department of Transport
- Transport for New South Wales
- Transport Service of New South Wales
Integrated Transport Services Activity is responsible for:
(a) policy formulation,
(b) program and contract management,
(c) passenger transport compliance and regulation,
(d) transport project development and
(e) opal electronic transport ticketing project.
The expenses, revenue, assets and liabilities were allocated to these major activities on an actual basis using
the financial statements of the parent entity and its controlled entities.
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Transport for NSW Annual Report 2011–12