Department of Education

Note 9: Assets
9.1
Receivables
2011
$’000
2010
$’000
Central office receivables 7,883 11,226
Less: Provision for impairment (30) (30)
Total 7,853 11,196
School receivables 6,941 4,661
Less: Provision for impairment (509) (170)
Total 6,432 4,491
Comprising:
Tasmanian Risk Management Fund – 4,014
Sale of goods and services (inclusive of GST) 10,050 6,337
Tax assets 4,235 5,336
Total 14,285 15,687
Settled within 12 months 14,285 15,687
Total 14,285 15,687
Reconciliation of movement in provisions for impairment of receivables
Carrying amount at 1 July 200 200
Polytechnic and Academy opening balance transferred in 214 –
Amounts written off during the year 421 (219)
Increase/(decrease) in provision recognised in profit or loss (296) 219
Carrying amount at 30 June 539 200
9.2
Assets held
for sale
2011
$’000
2010
$’000
Land and buildings 16,487 9,633
Total 16,487 9,633
Settled within 12 months 16,487 9,633
Total 16,487 9,633
The assets held for sale consists of land and some buildings which have become surplus to the department’s
requirements and do not relate to any deliberations currently being considered by the reference group referred
to in note 5. It is intended that these be disposed—either by way of sale or through appropriate property swaps.
Steps have been taken for this purpose and it is likely that the disposals could occur within the next twelve months.
112
Financial Statements – Notes