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FINANCIAL STATEMENTSNOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2006NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (cont’d)x) Services Supported By Health Services Agreement and Services Supported By Hospital And Community InitiativesActivities classified as Services Supported by Health Service Agreement (HSA) are substantially funded by the Department of Human Services andincludes RACS, while Services Supported by Hospital and Community Initiatives (Non HSA) are funded by the Health Service’s own activities or localinitiatives and/or the Commonwealth.y) Comparative InformationWhere necessary the previous year’s figures have been reclassified to facilitate comparisons.z) Asset RevaluationThe asset revaluation reserve is used to record increments and decrements on the revaluation of non-current assets.aa) Specific Restricted Purpose ReserveA specific restricted purpose reserve is established where the Health Service has possession or title to the funds but has no discretion to amend orvary the restriction and/or condition underlying the funds received.ab) Contributed CapitalConsistent with UGI Interpretation 1038 Contributions by Owners made to Wholly-Owned Public Sector Entities and FRD 2 Contributed Capital,appropriations for additions to the net asset base have been designated as contributed capital. Other transfers that are in the nature of contributionsor distributions, have also been designated as contributed capital.ac) Net result From Continuing Operations Before Capital & Specific ItemsA-IFRS allows the inclusion of additional subtotals on the face of the operating statement when such presentation is relevant to the understanding ofan entity’s financial performance. This financial report includes an additional subtotal entitled “Net result From Continuing Operations Before Capitaland Specific Items”.Capital and specific items, which are excluded from this sub-total comprise:• Capital purpose income, which comprises all tied grants, donations and bequests received for the purpose of acquiring non-current assets,such as capital works, plant and equipment. It also includes donations of plant and equipment (refer note 1 (l). Consequently the recognitionof revenue as capital purpose income is based on the intention of the provider of the revenue at the time the revenue is provided.• Specific income/expense, comprises the following items where material:• Voluntary departure packages• Write-down of inventories• Non-current asset revaluation increments/decrements• Restructuring of operations (disaggregation/aggregation of health services)• Non-current assets lost or found• Reversals of provisions• Voluntary changes in accounting policies (which are not required by an accounting standard or other authoritative pronouncement of theAustralian Accounting Standards Board• Depreciation and amortisation as described in note 1 (i) and (u)• Assets provided free of charges as described in note 1 (l)• Expenditure using capital purpose income, which comprises expenditure using capital purpose income which falls below the asset capitalisationthreshold and therefore does not result in the recognition of an asset in the balance sheet. The asset capitalisation threshold is set at $1,000.43
FINANCIAL STATEMENTSNOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2006NOTE 2: REVENUEHSA HSA Non HSA Non HSA Total Total2006 2005 2006 2005 2006 2005$000 $000 $000 $000 $000 $000Revenue from Operating ActivitiesGovernment ContributionsDepartment of Human Services 67,479 63,050 - - 67,479 63,050Dental Health Services Victoria 253 558 - - 253 558Commonwealth Government 1,130 996 - - 1,130 996Indirect Contributions by Human Services 2,503 2,405 - - 2,503 2,405Patients and Resident Fees (refer note 2c) 3,613 3,695 - - 3,613 3,695Private Practice Fees - - 407 334 407 334Other Revenue from Operating Activities 394 305 2,659 2,656 3,053 2,961Sub -Total Revenue from Operating Activities 75,372 71,009 3,066 2,990 78,438 73,999Revenue from Non-Operating ActivitiesInterest - - 531 604 531 604Property Income - - 333 330 333 330Net Gain / (Loss) on Sale of Non-Current Assets (refer note 2d) - - (125) (138) (125) (138)Sub-Total Revenue from Non-Operating Activities - - 739 796 739 796Revenue form Capital Purpose IncomeState Government Capital GrantsEquipment and Infrastructure - - 1,195 855 1,195 855Commonwealth Government Capital Grants - - - - - -Assets Received Free of Charge - - 25 - 25 -Donations and Bequests - - 132 103 132 103Sub -Total Revenue from Capital Purpose Income - - 1,352 958 1,352 958Total Revenue from Continuing Activities (refer note 2a) 75,372 71,009 5,157 4,744 80,529 75,753NOTE 2A: ANALYSIS OF REVENUE BY SOURCEAgedRAC& Home Residential Mental Mental PrimaryAcute Care Care Aged Care Health Health Health Other Total2006 2006 2006 2006 2006 2006 2006 2006$000 $000 $000 $000 $000 $000 $000 $000Revenue from Services Supported byHealth Service AgreementGovernment GrantsDepartment of Human Services 48,567 1,634 563 - 11,297 1,735 3,682 67,478Dental Health Services - - - - - - 253 253Commonwealth Government 1,008 - - 68 - - 54 1,130Indirect Contributions by Human ServicesInsurance 2,038 - - - - - - 2,038Long Service Leave 359 14 - - 48 9 35 465Patient and Resident Fees (refer Note 2c ) 1,550 352 1,565 - - 16 9 3,492Other 381 - - - 14 - - 395Sub-Total Revenue from ServicesSupported by Health Services Agreement 53,903 2,000 2,128 68 11,359 1,760 4,033 75,25144
Page 3 and 4: HIGHLIGHTS OF 2005-2006• Winner o
Page 5 and 6: of specialist medical staff and gen
Page 7 and 8: ACHIEVEMENTS:5 YEAR STRATEGIC PLANO
Page 9 and 10: 4. FACILITES, EQUIPMENT 5. SERVICE
Page 11 and 12: EXECUTIVEJohn KRYGGERPositionQualif
Page 13 and 14: OUR HEALTHCARE SERVICESSouth West H
Page 15 and 16: THE EDENALTERNATIVEAEW2005 AEW MATT
Page 17 and 18: Terry Swanson, Australia’s first
Page 23 and 24: An employee regarded as the lifeblo
Page 25 and 26: Melbourne four weeks later.TCF Patr
Page 27: CLINICAL SKILLS LABORATORYA $46,000
Page 31 and 32: DEPUTY DIRECTOR OF FINANCEMr D McLa
Page 33 and 34: STATISTICAL INFORMATIONACUTE HOSPIT
Page 35 and 36: STATISTICAL INFORMATIONSTATISTICAL
Page 37 and 38: FINANCIAL STATEMENTSOPERATING STATE
Page 39 and 40: FINANCIAL STATEMENTS38
Page 41 and 42: FINANCIAL STATEMENTSNOTES TO AND FO
Page 43: FINANCIAL STATEMENTSNOTES TO AND FO
Page 59 and 60: NOTES TO AND FORMING PART OF THE FI
Page 63: FINANCIAL STATEMENTSNOTES TO AND FO
Page 67 and 68: DONATIONS & MEMORIAL DONATIONSWilde
Page 69 and 70: FREEDOM OF INFORMATION REQUESTSRequ
Page 71: www.southwesthealthcare.com.au70

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