Department of Transport Annual Report 2010 - 2011
Department of Transport Annual Report 2010 - 2011
Department of Transport Annual Report 2010 - 2011
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14. Income from State Government<br />
<strong>2011</strong><br />
$ 000<br />
<strong>2010</strong><br />
$ 000<br />
Appropriation received during the year<br />
Service appropriations 143 513 133 769<br />
Service appropriations are accrual amounts reflecting the net cost <strong>of</strong> services<br />
delivered. The appropriation revenue comprises a cash component and a receivable<br />
(asset). The receivable (holding account) comprises the depreciation expense for the<br />
year and any agreed increase in leave liabilities during the year.<br />
Assets Assumed/(Transferred)<br />
The following assets have been assumed from/(transferred<br />
to) other state government agencies during the financial<br />
year<br />
Property, plant, equipment, vehicles and vessels assumed - -<br />
Infrastructure assumed - -<br />
Property, plant, equipment, vehicles and vessels<br />
(transferred)<br />
8 -<br />
Total assets assumed/(transferred) 8 -<br />
Resources received free <strong>of</strong> charge<br />
Determined on the basis <strong>of</strong> the following estimates<br />
provided by agencies: <strong>Department</strong> <strong>of</strong> Treasury and Finance<br />
570 7<br />
Landgate 24 520<br />
State Solicitor’s Office 423 19<br />
<strong>Department</strong> <strong>of</strong> Education 2 136<br />
1 019 683<br />
Where assets or services have been received free <strong>of</strong> charge or for nominal<br />
consideration, the <strong>Department</strong> recognises revenue (except where the contributions<br />
<strong>of</strong> assets or services are in the nature <strong>of</strong> contributions by owners, the <strong>Department</strong><br />
shall make a direct adjustment to equity) equivalent to the fair value <strong>of</strong> the assets<br />
and/or the fair value <strong>of</strong> those services that can be reliably determined and which<br />
would have been purchased if they were not donated, and those fair values shall be<br />
recognised as assets or expenses, as applicable.<br />
<strong>2011</strong><br />
$ 000<br />
<strong>2010</strong><br />
$ 000<br />
Royalties for Regions Fund<br />
Regional Boating Facilities Scheme 1 700 -<br />
Regional Airport Development Scheme 2 897 5 510<br />
4 597 5 510<br />
This is a sub-fund within the over-arching Royalties for Regions Fund. The recurrent<br />
funds are committed to projects and programs in WA regional areas.<br />
15. Cash and cash equivalents<br />
Cash and cash equivalents 27 122 27 429<br />
Includes cash received as capital contributions remaining unspent at year end <strong>of</strong> $5,651,000 (<strong>2010</strong>:<br />
$8,811,000).<br />
65
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