Annual Report 2008-2009 - Department of Transport

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142 46 Administered assets and liabilities 2009 2008 $ 000 $ 000 Current assets Cash 56 104 55 606 Accounts receivable (i) 12 495 28 610 Share of joint venture current assets (iii) 1 129 1 119 Total administered current assets 69 728 85 335 Non-current assets Accounts receivable - 1 152 Land, at fair value (iv) 4 815 123 4 691 338 Easements, at fair value 12 598 4 283 Construction in progress 49 218 18 797 Share of joint venture non current assets (iii) 621 705 Total administered non-current assets 4 877 560 4 716 275 Total administered assets 4 947 024 4 801 610 Current liabilities Treasurer’s Advance 2 000 2 000 Creditors 2 427 1 253 Accruals and interest payable 3 167 2 454 Income received in advance 3 975 2 064 Refundable deposits 13 218 10 238 Funds held in trust 3 10 Share of joint venture current liabilities (iii) 3 2 Total current liabilities 24 793 18 021 Non current liabilities Interest payable 3 573 1 156 Borrowings 79 536 27 878 Total non current liabilities 83 109 29 034 Total administered liabilities 107 902 47 055 (i) Notes to the Schedules of Administered Items – Accounts receivable Current Receivables 26 893 30 241 Allowance for impairment of receivables (14 398) (1 631) 12 495 28 610
46 Administered assets and liabilities (continued) (ii) Notes to the Schedules of Administered Items – Lease revenue commitments 2009 2008 $ 000 $ 000 The minimum lease revenue in relation to non-cancellable operating lease rentals contracted for at balance sheet date but not recognised as assets in the financial statements are receivable as follows: Within one year 9 766 9 626 Later than one year but not later than five years 31 654 31 359 Later than five years 90 381 90 553 131 801 131 538 (iii) Notes to the Schedules of Administered Items – Joint venture The Minister has a 26% interest in a joint venture with LandCorp and the City of Bunbury to develop, subdivide and sell land in Bunbury. The following represents the Minister’s interests in the joint venture operation: Expenses Estate expenses 3 17 Operating expenses 344 2 Share of joint venture expenses 346 19 Revenues Interest 8 35 Share of joint venture revenues 8 35 Current assets Cash 62 493 Work in progress 800 619 Other current assets 3 7 Share of joint venture current assets 865 1 119 Non current assets Undeveloped land 621 705 Share of joint venture non current assets 621 705 Total share of joint venture assets 1 486 1 824 Current liabilities Accrued expenses 3 2 Share of joint venture current liabilities 3 2 (iv) Notes to the Schedules of Administered Items – Land values Land is measured at fair value based on independent valuations provided by the Western Australian Land Information Authority (Valuation Services) at 1 July 2008. The valuations were performed during the year ended 30 June 2009 and recognised at 30 June 2009. Fair value has been determined on the basis of current market value where an active market exists or current use where no market exists and/or the current land use is specialised in nature. Revaluations are made with sufficient regularity to ensure that the carrying value of land does not differ materially from its fair value at reporting date. Valuation Services, the Office of the Auditor General and the Department of Treasury and Finance assessed the valuations globally to ensure that the valuations provided (as at 1 July 2008) were compliant with fair value at 30 June 2009. Contingent liabilities There were no contingent liabilities in relation to the Administered assets and liabilities schedule as at 30 June 2009. 143
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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
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48 Gnangara sustainability strategy
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50 Indigenous Pastoral Enterprise D
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52 Building a Better Planning Syste
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54 Stirling City Centre In November
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56 Murdoch activity centre The Depa
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58 Significant Issues and Trends Gl
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60 Disclosures and Legal Compliance
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80 Financial Statements Financial S
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82 Financial Statements Certificati
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84 Balance Sheet As at 30 June 2009
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86 Cash Flow Statement For the year
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88 Schedule of Assets and Liabiliti
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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 100 and 101: 98 (w) Resources received free of c
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
Page 140 and 141: 138 42 Special purpose accounts (co
Page 142 and 143: 140 45 Administered expenses and in
Page 146 and 147: 144 Key Performance Indicators Key
Page 148 and 149: 146 Key Performance Indicators Depa
Page 150 and 151: 148 Key Performance Indicators Effe
Page 156 and 157: 154 Key Performance Indicators Key
Page 158 and 159: 156 Key Performance Indicators Time
Page 160 and 161: 158 Key Performance Indicators DPI
Page 162 and 163: 160 Key Performance Indicators Effi
Page 172 and 173: 170 Key Performance Indicators Effi
Page 180 and 181: 178 Key Performance Indicators Area
Page 182 and 183: 180 Office Locations Metropolitan o
Page 184: 182 Licensing and Vehicle Examinati
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Annual Report 2008-2009 - Department of Transport

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