Portland District Health Annual Report 2008 - South West Alliance of ...

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Notes To and Forming Part of the Financial Statements for the Year Ended 30 June 2008 Note 11: Property, Plant & Equipment (Continued) Reconciliations of the carrying amounts of each class of asset at the beginning and end of the previous and current financial year is set out below. Crown Buildings Plant & Medical Computers & Other Motor Total Land Equipment Equipment Commnctns Equipment Vehicles $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 Balance at 1 July 2006 2,900 22,780 2,069 466 85 195 254 28,749 Additions - 6,024 158 589 42 104 41 6,958 Disposals - - - - - - (8) (8) Revaluation 1,630 6,237 - - - - - 7,867 Depreciation and Amortisation (Note 4) - (575) (419) (170) (49) (63) (93) (1,369) Balance at 1 July 2007 4,530 34,466 1,808 885 78 236 194 42,197 Additions - 1,086 111 307 39 155 55 1,753 Disposals - - - - - - (5) (5) Revaluation 569 - - - - - - 569 Depreciation and Amortisation (Note 4) - (683) (436) (238) (32) (114) (78) (1,581) Change in Accounting Policy - - (74) (4) - (14) - (92) Balance at 30 June 2008 5,099 34,869 1,409 950 85 263 166 42,841 Land and buildings carried at valuation Portland and District Health contracted the services of Alison McLeod AAPI from Land Link Property Group in June 2007 to revalue the Land and Buildings owned by the Service. Valuations completed on 30 June 2007 totalled $4,530,000 for Land (previously $2,900,000 - 2003) and $27,321,000 for Buildings (previously $22,900,000 - 2003) Under the Financial Reporting Direction (FRD) 103C the Health Service applied the Valuer-General Victoria land indexation factors to Land and Buildings which resulted in an increment of $568,800 to the Land value as at 30 June 08. 32
Notes To and Forming Part of the Financial Statements for the Year Ended 30 June 2008 Note 12: Payables Total Total 2008 2007 $'000 $'000 CURRENT Trade Creditors 825 928 Accrued Expenses 122 1,723 DHS 1,293 - GST Payable 39 313 TOTAL 2,279 2,964 Note 13: Interest Bearing Liabilities Total Total 2008 2007 $'000 $'000 CURRENT Australian Dollar Borrowings -Loan Treasury Corporation Victoria 209 171 TOTAL AUSTRALIAN DOLLAR BORROWINGS 209 171 NON CURRENT Australian Dollar Borrowings -Loan Treasury Corporation Victoria 1,197 1,436 TOTAL AUSTRALIAN DOLLAR BORROWINGS 1,197 1,436 TOTAL INTEREST BEARING LIABILITIES 1,406 1,607 Current -Secured Long Term Fixed Interest Loan with Treasury 209 171 Corporation Victoria. Non Current -Secured Long Term Fixed Interest Loan with Treasury Corporation Victoria. 1,197 1,436 The approved Bank Overdraft Limit is $800,000. Finance Costs incurred by the Health Service during the year are accounted as follows; Amount of finance costs recognised as expense. 87 127 33
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2007/08 PROVIDING SAFE AND COST EFF
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president’s report Greg Andrews I
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chief executive’s report IT IS PL
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An important outcome arising from t
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A JUGGLING ACT Juggling appointment
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VICTORIAN PUBLIC HEALTHCARE AWARDS
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Vin Gannon BOARD MEMBER Vin served
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financial performance THE 2007/08 Y
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financial performance OPERATING STA
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John O’Neill, Greg Andrews and Mi
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Sub-Acute nurses Julienne Stone and
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Hotel services staff members Jacqui
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Divison 2 Nurse Lorrene Bartle, Div
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Harbourside Lodge is a state-of-the
Page 29 and 30: Beth Alexander and Noelene Flower,
Page 31 and 32: A step that’s paid off Donna Shep
Page 33 and 34: services provided by Portland Distr
Page 35 and 36: quality activities Senior dietitian
Page 37 and 38: employee recognition Portland Distr
Page 39 and 40: volunteer recognition There were 87
Page 41 and 42: medical officers PDH Specialist Cen
Page 43 and 44: governance Portland District Health
Page 45 and 46: BUILDING ACT 1993 The Minister for
Page 47 and 48: PROVIDING SAFE & COST EFFECTIVE PRI
Page 49 and 50: FINANCIAL STATEMENTS for the year e
Page 51 and 52: Balance Sheet As at 30 June 2008 No
Page 53 and 54: Cash Flow Statement For the Year En
Page 55 and 56: Notes To and Forming Part of the Fi
Page 88 and 89: Note 18: Financial Instruments (Con
Page 90: Carrying Interest Rate Risk Other P
Page 95: Notes To and Forming Part of the Fi
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Portland District Health Annual Report 2008 - South West Alliance of ...

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