2011/2012 Annual Report - Metro Tasmania
2011/2012 Annual Report - Metro Tasmania
2011/2012 Annual Report - Metro Tasmania
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NOTES TO THE FINANCIAL STATEMENTS<br />
Note 23. FINANCIAL INSTRUMENTS (continued)<br />
(f) Capital risk management<br />
<strong>Metro</strong> manages its capital tightly to ensure funds are available to implement planned capital expenditure<br />
strategies. <strong>Metro</strong> has reviewed its long term capital expenditure program and continues to assess the<br />
options available to finance this program.<br />
Note 24. CONTINGENT LIABILITIES<br />
After due investigation <strong>Metro</strong> has identified no contingent liabilities.<br />
Note 25. POST-BALANCE DATE EVENTS<br />
<strong>Metro</strong> has not identified any post balance date events requiring adjustments to the Financial Statements.<br />
Note 26. ECONOMIC DEPENDENCY<br />
A significant volume of <strong>Metro</strong>’s operations are performed under contract to the State Government. In addition<br />
to this <strong>Metro</strong> received an additional $3.25 million (<strong>2011</strong> $3.25 million) to improve its passenger bus fleet and<br />
assist with its long-term capital replacement program.<br />
This funding is necessary to address <strong>Metro</strong>’s ongoing sustainability issues.<br />
Note 27. CONTROLLED ENTITY<br />
Country of<br />
incorporation<br />
Equity interest<br />
<strong>2012</strong> <strong>2011</strong><br />
Parent entity:<br />
<strong>Metro</strong> <strong>Tasmania</strong> Pty Ltd Australia – –<br />
Controlled entity:<br />
<strong>Metro</strong> Coaches (Tas) Pty Ltd Australia 100% 100%<br />
53 METRO <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong> | <strong>2012</strong>
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