TOURISM VICTORIA ANNUAL REPORT

FIVE year comparison
FINANCIAL COMPARISON
FIVE YEAR COMPARISON
2002–03 2003–04 2004–05 2006–07 2007–08
$000 $000 $000 $000 $000
Total assets 10,375 14,625 17,434 16,265 20,406
Total liabilities 4,678 6,714 6,693 5,919 7,163
Net assets 5,697 7,911 10,741 10,346 13,243
Surplus/(Deficit) 1,316 2,214 2,830 (395) 2,897
State Government contributions 42,202 44,886 44,690 42,786 59,869
Property, plant and equipment (WDV) 610 846 782 623 499
Significant changes in financial position 2007–08
1. An operating surplus of $2,897,419 was recorded in
2007–08. This surplus was primarily a result of the
accounting treatment of net government grant funding
which was recorded as being received in full during
2007–08, but which will in part be expended during
the 2008–09 year.
The operational and budgetary objectives of the entity for
the financial year and performance against those objectives
including significant activities and achievements during the year.
These are outlined in narrative and graphical form elsewhere
in this report.
A summary of major change or factors which have affected
the achievement of the operational objectives for the year.
There have been no major changes or factors which have
affected the achievement of the operational objectives for
the year.
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Tourism Victoria is a Statutory Authority of the State of Victoria.
Tourism Victoria was established under the Tourism Victoria Act 1992.
Its principal address is: Tourism Victoria, 121 Exhibition Street Melbourne VIC 3000.
A description of the nature of Tourism Victoria’s operations and its principal activities is included in the annual report.
For queries in relation to our reporting please call 9653 9777.
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