01 - Department of Education and Communities - NSW Government

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(i)(j)Plant and Equipment, Computer Equipment.Items of plant and equipment costing $5,000 and above are capitalised at historical cost with the exception ofcomputer hardware to which a lower threshold of $1,000 applies.Revaluation of Physical Non-Current AssetsBuildings and improvements and infrastructure assets (excluding land) valuations are based on the estimatedwritten down replacement cost of the most appropriate modern equivalent replacement facility having asimilar service potential to the existing asset. Land is valued on a existing use basis.Each class of physical non-current assets is revalued every 5 years. The last valuation was completed on theintroduction of accrual accounting on 1 July 1992. The next revaluation is scheduled for the 1997/98 financialyear.Where assets are revalued upward or downward as a result of a revaluation of a class of non-current physicalassets, the gross amount and the related accumulated depreciation of that class of assets are restated separately.The recoverable amount test has not been applied as the Department is a not-for-profit entity whose servicepotential is not related to its ability to generate net cash inflows.(i)LandDue to the large number of sites owned by the Department, individual valuations have not been obtained.In 1992/93 mass valuation techniques were employed to arrive at a valuation for the Department’s landand to establish a reasonably accurate estimate of the value of individual sites, in order to establish theDepartment’s land assets data base.The Valuer-General’s Department provided the Department with the data using an agreed ValuationModel developed in consultation with The Audit Office. Land acquired since the establishment of thedata base has been recorded at cost value.(ii) BuildingsThe large range of building designs and construction materials, together with the range of ages ofbuildings, has made impractical the task of performing individual valuations. The method adopted toestablish opening balances on the introduction of accrual accounting on 1 July 1992, was to determineaverage replacement costs per square metre for all schools in order to calculate the written downreplacement value of each building.The calculation of written down replacement value is based on the internal area, building localityindex and age of the building.Demountable buildings are identified and valued separately using an average cost basis which is appliedto the number of demountables.Buildings, including demountables, capitalised after the establishment of the opening balances arevalued at cost. The cost of buildings includes all furniture, fittings, fixtures and equipment that isprovided as standard under the School Building Code and is being provided for the first time. Wherean item of furniture already exists, but is being replaced, the cost of the furniture, fittings, etc., isexpensed.Ground improvements (car parks, play fields, etc), to land controlled by the Department are recognisedas assets and classified as buildings in the Department’s financial statements.(iii)Works in ProgressThese have been shown at cost to date. Building construction projects and software development areclassified as works in progress until the projects have been completed and become available for use bythe Department. Work in progress accounts also include costs associated with the acquisition of land,before settlement.116 DSE Annual Report 1997
(iv)Surplus PropertyProperty considered surplus to the Department’s requirements has been classified as non-current property,plant & equipment. For 1992/93, surplus land was excluded from the value of land using the LandValuation Module and was separately recorded at estimated market value. As from 1993/94 surplusproperty has been recorded at current book value. Properties are classified as surplus on recommendationsmade by the Department and after approval by the Minister.(k)Depreciation of Non-Current Physical AssetsDepreciation is applied to all non-current assets except land and is calculated on the straight line method atrates which provide for the cost for each asset to be written off over the useful life of the asset. Buildings aredepreciated at the rate of 1% per annum. This approach follows extensive consultation between the Departmentof School Education and Treasury during 1992/93 based on an estimated life expectancy of 100 years for allschool buildings. Extensive consultation with The Audit Office also took place on this matter.The Department acknowledges that there are instances where school buildings have been in use for morethan 100 years. Furthermore, over a 100 year cycle, school buildings would normally be subject to a numberof major refurbishments in order to maintain their service potential. In these circumstances, it is possible toargue that a one percent per annum depreciation charge could understate the extent to which the servicepotential of school buildings is being consumed.The selection of a 100 year life for school buildings allowed for a simple calculation of the depreciationcharge in 1992/93, the first year in which the Department was required to apply depreciation to its assets.This method of calculating depreciation charges was used in subsequent years and has again been used forthe 1996/97 financial year.The methodology has been used in the absence of a Departmental information system which would supportan argument that the refurbishment of individual schools is being carried out as needed, or provide definitiveinformation on the extent of any backlog of works. An Asset Management System is being developed andimplemented in stages. Stage one is completed and work has commenced on Stage two. When completed,Stage two will provide a condition assessment of each of the approximately 16,000 school buildings. Thisinformation will enable an accurate measure of the extent to which the service potential of school buildingsis being consumed. Options, including a condition based depreciation approach using this information, arenow being considered by the Department.(l)(m)Leased AssetsThe Department does not have any finance leases which effectively transfer from the lessor to the lesseesubstantially all the risks and benefits incidental to ownership of the leased assets. All leases are operatingleases under which the lessor effectively retains all such risks and benefits. All payments have been chargedas expenses in the period in which they were incurred.InvestmentsAll deposits are valued at cost. Interest revenues are recognised as they accrue.The Department holds non marketable shares in Access Australia CMC Pty Ltd. This company was establishedas a result of a consortium agreement between five universities, government departments, trading entitiesand private sector participants. The objective of the company is to administer the Co-operative MultimediaCentres Program to build a pool of talent with multimedia skills by collaboration between education andtraining providers, and other public and private sector organisations. The Department received shares inconsideration for the contribution. The shares have no marketable value and they have therefore been fullyamortised in value. (Note 10.)(n)InventoriesThe Department holds inventories of teaching and resource materials that are made available to governmentschools, private schools and teachers. The cost of producing stock is expensed.These inventories have not been brought to account as the Department has not maintained a product costsystem that would accurately reflect the value of inventories on hand.DSE Annual Report 1997 117
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The Hon J J Aquilina MPMinister for
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DIRECTOR-GENERAL’S REPORTThe foll
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DIRECTOR-GENERAL’S REPORTthe expa
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OUR LEGISLATIVE CONTEXTThe DSE oper
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NSW Department of School EducationD
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FINANCIAL OVERVIEWThe activities of
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FINANCIAL OVERVIEWaccommodation or
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FUTURE DIRECTIONS: AGENDA 98The pro
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GETTING THE FOUNDATION RIGHTLITERAC
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GETTING THE FOUNDATION RIGHTExample
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GETTING THE FOUNDATION RIGHTNUMERAC
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GETTING THE FOUNDATION RIGHTSTUDENT
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GETTING THE FOUNDATION RIGHTExcelle
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GETTING THE FOUNDATION RIGHTCITIZEN
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GETTING THE FOUNDATION RIGHTExample
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GETTING THE FOUNDATION RIGHTHIGHER
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GETTING THE FOUNDATION RIGHTGovernm
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EXCELLENCE IN TEACHING AND LEARNING
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PARTNERSHIPS IN PUBLIC EDUCATIONREP
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PARTNERSHIPS IN PUBLIC EDUCATIONSTU
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PARTNERSHIPS IN PUBLIC EDUCATIONPAR
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PARTNERSHIPS IN PUBLIC EDUCATIONExa
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PARTNERSHIPS IN PUBLIC EDUCATIONREP
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Page 67 and 68: school principal or directly to the
Page 69 and 70: SAFE, CHALLENGING AND CREATIVE SCHO
Page 79 and 80: School reports on theimplementation
Page 81 and 82: A FAIR GO FOR ALLAboriginal Literac
Page 83 and 84: A FAIR GO FOR ALLposters were distr
Page 85 and 86: A FAIR GO FOR ALLTraining and Suppo
Page 87 and 88: A FAIR GO FOR ALLprofessional devel
Page 89 and 90: A FAIR GO FOR ALLThe communication
Page 91 and 92: Major processing improvementswere i
Page 93 and 94: MONITORING STUDENT PROGRESSOVERVIEW
Page 95 and 96: MONITORING STUDENT PROGRESSBasic Sk
Page 97 and 98: MONITORING STUDENT PROGRESSSpace199
Page 99 and 100: MONITORING STUDENT PROGRESSHIGHER S
Page 101 and 102: FINANCIAL STATEMENTSANDAPPENDICES
Page 103 and 104: DSE Annual Report 1997 103
Page 105 and 106: Department of School EducationOPERA
Page 107 and 108: CASH FLOWS FROM OPERATING ACTIVITIE
Page 109 and 110: Department of School EducationSUPPL
Page 111 and 112: Department of School EducationSUPPL
Page 113 and 114: $MIncome from• Global and Specifi
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Page 119 and 120: (v)Joint ArrangementsAs part of the
Page 121 and 122: Department of School EducationNOTES
Page 125 and 126: 8. TRANSFER PAYMENTSDepartment of S
Page 129 and 130: 17. OTHER PROVISIONSDepartment of S
Page 133 and 134: APPENDICESAppendix 1Senior Executiv
Page 135 and 136: APPENDICESThe Curriculum Directorat
Page 137 and 138: APPENDICESCreated a team approach t
Page 139 and 140: APPENDICESJohn Sutton, BA, Assistan
Page 141 and 142: APPENDICESPersonnel/Payroll Steerin
Page 143 and 144: APPENDICESAppendix 4Research and Ev
Page 145 and 146: APPENDICESPeriod ofVisitName and Po
Page 147 and 148: APPENDICESPeriod ofVisitName and Po
Page 149 and 150: APPENDICESKoreaIntensive Language S
Page 151 and 152: APPENDICESAppendix 9Major Capital W
Page 153 and 154: APPENDICESAppendix 10Annual Provisi
Page 155 and 156: APPENDICESInduction of Beginning Te
Page 157 and 158: APPENDICESNumber Title DateDG97.350
Page 159 and 160: APPENDICESPercent of Total Staff by
Page 161 and 162: APPENDICESFOI Requests Personal Non
Page 163 and 164: APPENDICESEnglish as a Second Langu
Page 165 and 166: APPENDICES• The Overseas Trained
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INDEXmission 2monitoring students p
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01 - Department of Education and Communities - NSW Government

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