Annual Report 2008-2009 - Department of Transport

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98 (w) Resources received free of charge or for nominal cost Resources received free of charge or for nominal cost that can be reliably measured are recognised as income and as assets or expenses as appropriate, at fair value. (x) Jointly controlled operations Interests in joint venture operations have been reported in the financial report including the Department’s share of assets, on behalf of government, employed in the joint ventures, the share of liabilities incurred in relation to the joint ventures and the share of any expenses incurred in relation to the joint ventures in their respective classification categories. The Department’s interest, on behalf of government, in joint venture operations are disclosed in note 46 Administered assets and liabilities. (y) Jointly controlled assets Interests in jointly controlled assets have been reported in the financial statements including the Department’s share of assets employed in the joint venture, the share of liabilities incurred in relation to the joint venture and the share of any expenses incurred in relation to the joint venture in their respective classification categories. The Department’s interest in joint venture assets is disclosed in note 41 Jointly controlled assets. (z) Comparative figures Comparative figures are, where appropriate, reclassified to be comparable with the figures presented in the current financial year. 4. Disclosure of changes in accounting policy and estimates Initial application of an Australian Accounting Standard The Department has applied the following Australian Accounting Standards and Australian Accounting Interpretations effective for annual reporting periods beginning on or after 1 July 2008 that impacted on the Department: 1. Review of AAS 27 ‘Financial Reporting by Local Governments’, AAS 29 ‘Financial Reporting by Government Departments and AAS 31 ‘Financial Reporting by Governments’. The AASB has made the following pronouncements from its short term review of AAS 27, AAS 29 and AAS 31: AASB 1004 ‘Contributions’; AASB 1050 ‘Administered Items’; AASB 1052 ‘Disaggregated Disclosures’; AASB 2007-9 ‘Amendments to Australian Accounting Standards arising from the review of AASs 27, 29 and 31 [AASB 3, AASB 5, AASB 8, AASB 101, AASB 114, AASB 116, AASB 127 & AASB 137]; Interpretation 1038 ‘Contributions by Owners Made to Wholly-Owned Public Sector Entities’. The existing requirements in AAS 27, AAS 29 and AAS 31 have been transferred to the above new and revised topicbased Standards and Interpretation. These requirements remain substantively unchanged. The new and revised Standards and Interpretation make some modifications to disclosures and provide additional guidance, otherwise there is no financial impact. Voluntary changes in Accounting Policy From 1 July 2008, the Department increased its asset capitalisation threshold to $5,000 for Property, plant, equipment, vehicles and vessels, Infrastructure and Intangible assets as mandated by Treasurer’s Instructions. This change in Accounting Policy resulted in an adjustment to equity for approximately $883,000, being the written down value of Non- Current Assets below $5,000 that were retired. See also note 31 Equity.
Future impact of Australian Accounting Standards not yet operative The Department cannot early adopt an Australian Accounting Standard or Australian Accounting Interpretation unless specifically permitted by Treasurer’s Instruction 1101 ‘Application of Australian Accounting Standards and Other Pronouncement’s’. Consequently, the Department has not applied the following Australian Accounting Standards and Australian Accounting Interpretations that have been issued and which may impact the Department but are not yet effective. Where applicable, the Department plans to apply these Standards and Interpretations from their application date: 1. ASB 101 ‘Presentation of Financial Statements’ (September 2007). This Standard has been revised and will change the structure of the financial statements. These changes will require that owner changes in equity are presented separately from non-owner changes in equity. The Department does not expect any financial impact when the Standard is first applied. 2. AASB 2008-13 ‘Amendments to Australian Accounting Standards arising from AASB Interpretation 17 – of Non-cash Assets to Owners [AASB 5 & AASB 110]. This Standard amends AASB 5 ‘Non-current Assets Held for Sale and Discontinued Operations’ in respect of the classification, presentation and measurement of non-current assets held for distribution to owners in their capacity as owners. This may impact on the presentation and classification of Crown land held by the Department where the Crown land is to be sold by the Department for Planning and Infrastructure. The Department does not expect any financial impact when the Standard is first applied prospectively. 1 January 2009 1 July 2009 99
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DPI Annual Report 2008-09 Our Purpo
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2 Statement of Compliance with the
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4 Executive Summary The Department
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6 Executive Summary Passenger Servi
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8 Financial Summary In 2008-09, the
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10 Operational Structure Roles and
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12 Legislation priorities During 20
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14 Report on Operations Agency Perf
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16 Taxi rank marshals Experience in
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18 Taxi fare model review In Septem
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20 Additional boat pen facilities a
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22 Recreational Boating Facilities
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24 New boat pens at Exmouth and Ger
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26 Marine safety integrated data co
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28 Model rail safety legislation Th
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30 Road safety The Department, thro
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32 Review of Western Australian por
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34 National transport reform agenda
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36 Freight and Logistics Council of
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38 Cycle Instead The Department con
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40 Industrial buffers On behalf of
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42 Oakajee port and rail infrastruc
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44 Fremantle Harbours policy In rec
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46 CETO Wave Energy project The Dep
Page 50 and 51: 48 Gnangara sustainability strategy
Page 52 and 53: 50 Indigenous Pastoral Enterprise D
Page 54 and 55: 52 Building a Better Planning Syste
Page 56 and 57: 54 Stirling City Centre In November
Page 58 and 59: 56 Murdoch activity centre The Depa
Page 60 and 61: 58 Significant Issues and Trends Gl
Page 62 and 63: 60 Disclosures and Legal Compliance
Page 82 and 83: 80 Financial Statements Financial S
Page 84 and 85: 82 Financial Statements Certificati
Page 86 and 87: 84 Balance Sheet As at 30 June 2009
Page 88 and 89: 86 Cash Flow Statement For the year
Page 90 and 91: 88 Schedule of Assets and Liabiliti
Page 92 and 93: 90 Notes to the financial statement
Page 94 and 95: 92 Net appropriation determination
Page 96 and 97: 94 (i) Intangible assets Capitalisa
Page 98 and 99: 96 (r) Receivables Receivables are
Page 102 and 103: 100 5 Employee benefits expense 200
Page 104 and 105: 102 11 Other expenses 2009 2008 $ 0
Page 106 and 107: 104 16 Income from State Government
Page 108 and 109: 106 20 Receivables 2009 2008 $ 000
Page 110 and 111: 108 Reconciliations of the carrying
Page 112 and 113: 110 25 Intangible assets 2009 2008
Page 114 and 115: 112 29 Provisions (continued) 2009
Page 116 and 117: 114 32 Notes to the Cash Flow State
Page 118 and 119: 116 34 Commitments (continued) (c)
Page 120 and 121: 118 37 Explanatory statement Signif
Page 122 and 123: 120 37 Explanatory statement (conti
Page 130 and 131: 128 (vii) Authorisations to expend
Page 132 and 133: 130 38 Financial instruments (conti
Page 134 and 135: 132 38 Financial instruments (conti
Page 136 and 137: 134 2009 2008 $ 000 $ 000 42 Specia
Page 138 and 139: 136 42 Special purpose accounts (co
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Page 142 and 143: 140 45 Administered expenses and in
Page 144 and 145: 142 46 Administered assets and liab
Page 146 and 147: 144 Key Performance Indicators Key
Page 148 and 149: 146 Key Performance Indicators Depa
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148 Key Performance Indicators Effe
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154 Key Performance Indicators Key
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156 Key Performance Indicators Time
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158 Key Performance Indicators DPI
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160 Key Performance Indicators Effi
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170 Key Performance Indicators Effi
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178 Key Performance Indicators Area
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180 Office Locations Metropolitan o
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182 Licensing and Vehicle Examinati
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Annual Report 2008-2009 - Department of Transport

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