2010-11 Annual Report - Taranaki District Health Board
2010-11 Annual Report - Taranaki District Health Board
2010-11 Annual Report - Taranaki District Health Board
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page 67<br />
Notes to the Financial Statements<br />
For the Year Ended 30 June 20<strong>11</strong><br />
19 PROVISIONS Group Parent<br />
20<strong>11</strong> <strong>2010</strong> 20<strong>11</strong> <strong>2010</strong><br />
$000 $000 $000 $000<br />
Current provisions<br />
ACC Partnership Programme 4 12 4 12<br />
4 12 4 12<br />
The liability valuation on the ACC Partnership Program has been calculated by Aon New Zealand Limited as at the 30th June 20<strong>11</strong>. All outstanding<br />
claims by <strong>Taranaki</strong> <strong>District</strong> <strong>Health</strong> <strong>Board</strong>'s employees are estimated by claim managers as at this point.<br />
20 RECONCILIATION OF NET SURPLUS/(DEFICIT) AFTER TAXATION Group Parent<br />
WITH CASH OUTFLOW FROM OPERATING ACTIVITIES 20<strong>11</strong> <strong>2010</strong> 20<strong>11</strong> <strong>2010</strong><br />
$000 $000 $000 $000<br />
Net Surplus/(Loss) 1,499 (2,992) 1,353 (2,755)<br />
Add/(Less) Non-Cash Items:<br />
Depreciation 9,188 9,398 9,188 9,398<br />
(Decrease)/Increase in Provision for Doubtful Debts 16 2 16 2<br />
(Decrease)/Increase in Employee Entitlements 1,294 (259) 1,249 (640)<br />
10,498 9,141 10,453 8,760<br />
Add back items classified as investment/financing activities:<br />
Decrease/(Increase) in Investments Held (103) 174 - (22)<br />
Net Loss/(Gain) of Disposal of Assets (34) 202 (34) 202<br />
(137) 376 (34) 180<br />
Add/(Less) Movements in Working Capital:<br />
(Increase)/Decrease in Receivables & Prepayments (886) (436) (921) (122)<br />
(Increase)/Decrease in Inventories (55) (47) (55) (47)<br />
(Decrease)/Increase in Payables & Accruals net of acquired balances 629 1,075 538 1,094<br />
(312) 592 (438) 925<br />
Net Cash Inflow/(Outflow) from Operating Activities <strong>11</strong>,548 7,<strong>11</strong>7 <strong>11</strong>,334 7,<strong>11</strong>0<br />
21 RELATED PARTY TRANSACTIONS<br />
<strong>Taranaki</strong> <strong>District</strong> <strong>Health</strong> <strong>Board</strong> is a wholly owned entity of the Crown. The Government significantly influences the role of the <strong>Board</strong> as well as being its<br />
major source of revenue.<br />
<strong>Taranaki</strong> <strong>District</strong> <strong>Health</strong> <strong>Board</strong> enters into numerous transactions with government departments and other Crown agencies outside of the funding<br />
relationship. Where these parties are acting in the course of their normal dealings with <strong>Taranaki</strong> <strong>District</strong> <strong>Health</strong> <strong>Board</strong>, related party disclosures have<br />
not been made for transactions of this nature.<br />
Related Party Transactions and Balances<br />
(a) Funding<br />
<strong>Taranaki</strong> <strong>District</strong> <strong>Health</strong> <strong>Board</strong> received $295m from the Ministry of <strong>Health</strong> to provide health services to the <strong>Taranaki</strong> area (<strong>2010</strong>: $287m). The amount<br />
outstanding at year end was $4.87m (<strong>2010</strong>: $4.79m).
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