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(b) Reconciliation with Tasmanian Academy and Tasmanian Polytechnic financial statements as at 2011 $’000 Tasmanian Academy 2011 $’000 Tasmanian Polytechnic 2011 $’000 Total Assets Financial assets Cash and deposits (2,667) 4,082 1,415 Receivables 24 772 796 Non-financial assets Plant and equipment 224 9,190 9,414 Land and buildings 1 491 260,648 261,139 Other 57 1,507 1,564 Total assets relinquished (1,871) 276,199 274,328 Liabilities Payables 51 1,989 2,040 Employee benefits 4,665 16,899 21,564 Other liabilities 342 2,009 2,351 Total liabilities 5,058 20,897 25,955 Net contribution by the government as owner during the period (6,929) 255,302 248,373 Explanation of variances between table (a) and (b) 1. The variance is a result of: a. The valuation and adjustment to useful life of land and buildings as at 1 January 2011 b. The transfer of three campuses directly to the Tasmanian Skills Institute c. The transfer of the one campus at South Burnie to the Tasmanian Skills Institute which was not recorded on the Polytechnic’s books d. The transfer of the Newstead student residence and the Elizabeth College science block were transferred to Tasmanian Polytechnic on 1 July 2010 subsequently transferred back to the department on 1 January 2011. Note 13: Cash flow reconciliation 13.1 Cash and deposits Cash and deposits includes the balance of the Special Deposits and Trust Fund held by the department, and other cash held, excluding those accounts which are administered or held in a trustee capacity or agency arrangement. 2011 $’000 2010 $’000 Special Deposits and Trust Fund balance T511 – Department of Education Operating Account 9,187 16,649 T648 – Library Fines Account 12 43 Total 9,199 16,692 Other cash held School bank accounts 43,299 46,200 Tasmanian Polytechnic 6,297 – Tasmanian Academy 1,045 – Other bank accounts 589 342 Cash floats 118 81 Total 51,348 46,623 Total cash and deposits 60,547 63,315 2011 $’000 2010 $’000 Cash and deposits (as per Statement of Financial Position) 60,547 63,315 Total cash and cash equivalents 60,547 63,315 The definition of cash can be found at Note 2.13(a). 118 Financial Statements – Notes
13.2 Reconciliation of net result to net cash from operating activities 2011 $’000 2010 $’000 Net operating result 166,663 198,499 Revenue from government – capital (188,618) (221,036) Revenue from government – other (12,206) – Depreciation 31,281 27,898 Gain from sale of non-financial assets (2,030) (1,029) Contributions received (997) (21,372) Movement in operating assets as a result of administrative restructuring (24,101) 1,806 Impairment losses 296 219 Decrease/(increase) in receivables 1,402 (7,325) Decrease/(increase) in other assets (58) (826) Increase/(decrease) in employee benefits 30,510 6,530 Increase/(decrease) in payables (10,304) (373) Increase/(decrease) in other liabilities (1,031) 4,165 Net cash from operating activities (9,193) (12,844) 13.3 Acquittal of capital investment and special capital investment funds The department received works and services appropriation funding to fund specific projects. Not all projects listed below are capitalised as they may not meet the department’s capitalisation threshold of $150,000 or have been deemed maintenance projects and are expensed through the statement of comprehensive income. Cash outflows relating to these projects are listed below by category. Budget information refers to original estimates for the department only (excludes Tasmanian Polytechnic and Tasmanian Academy) and has not been subject to audit. (a) Project expenditure 2011 Budget $’000 2011 Actual $’000 2010 Actual $’000 Capital Investment Program New projects Campbell Town Child Care Centre 200 50 – Burnie High School 4,014 4,787 – Cosgrove Specialist Sports School 1,000 – – Port Sorell Primary School 500 346 – Albuera Street Primary School 2,032 1,460 – Post-Year 10 reforms – Elizabeth campus 2,158 432 – Geilston Bay High School 100 155 – King Island District High School 800 800 – St Leonards Primary School 750 538 – Sheffield School – 751 – Triabunna District High School 100 100 – Continuing projects Beaconsfield Early Learning and Care Centre 800 1,918 1,120 Child and Family Centre – Bridgewater 3,624 26 179 Community Knowledge Network – Learning and Information 1,000 2,500 618 Network Centres Cressy District High School – – 950 Establish a new Learning and Information Network Centre (LINC) 3,568 437 2 Local Schools Working Together program 1,000 33 500 Reducing class sizes from Years 2 to 7 450 450 450 School amalgamations Glenorchy 13,900 14,900 3,800 School amalgamations Burnie 6,200 6,804 500 Secondary schools science laboratories upgrade 1,600 1,600 200 Senior Secondary School Renewal program 3,000 6,064 1,594 Financial Statements – Notes 119
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Department of Education Annual Repo
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Contents About this Report 2 Depart
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Department at a Glance
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changes to what is currently taught
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Educational Performance Services (E
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Clients Licensed child care service
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Workforce Whole of department as at
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Age of principals and assistant pri
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Pre-Compulsor y and Compulsor y Edu
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Schools participating in Launching
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2008 LiL Cohort, Reading Performanc
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Child Care Direction The Child Care
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RTBCTG is complemented by Smarter S
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National Assessment Program - Liter
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Commentary • Tasmania’s 2011 re
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Commentary • Tasmania’s 2011 re
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Direction Major Initiatives Retenti
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Qualification for Teacher Registrat
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Direction Major Initiatives Learnin
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The Digitisation Program continued
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Work and Life Skills stream. Of the
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Employment Workforce in summary The
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Teachers 5 Required Reporting - Emp
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Employee development programs Learn
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Tasmanian Polytechnic In 2011 the T
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Goal 2. Physical Access: All school
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Public Access to the Department Com
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Statutory and Non-statutory Bodies
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Other Annual Reports Tasmanian Libr
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with other services providers such
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Allport Library and Museum of Fine
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Tasmanian Home Education Advisory C
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Notices about home education were p
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In addition the board inspected Lam
Page 69 and 70: Climate Change The department’s l
Page 71 and 72: Pricing Policies/Administered Payme
Page 73 and 74: Major Capital Projects Summary of m
Page 75 and 76: Building the Education Revolution -
Page 77 and 78: Building the Education Revolution -
Page 79 and 80: Capital Investment Program Bridgewa
Page 81 and 82: Contracts and Tenders Summary of pa
Page 83 and 84: Contractor Location Description Eco
Page 85 and 86: Other Contractor Location Descripti
Page 87 and 88: Statement of Comprehensive Income F
Page 89 and 90: Statement of Cash Flows For the yea
Page 91 and 92: Notes Notes to and forming part of
Page 93 and 94: Note 1: Administered financial stat
Page 95 and 96: Note 2: Significant accounting poli
Page 97 and 98: Polytechnic were brought under the
Page 99 and 100: 2.9 Net assets received under a res
Page 101 and 102: 2.13 Assets Assets are recognised i
Page 103 and 104: 2.18 Foreign currency Transactions
Page 105 and 106: Output group 2 Post- Compulsory Edu
Page 107 and 108: Output group Capital Investment Pro
Page 109 and 110: Note 4: Explanations of material va
Page 111 and 112: 6.2 Grants 2011 $’000 2010 $’00
Page 113 and 114: 7.4 Grants and subsidies 2011 $’0
Page 115 and 116: 9.3 Property, plant and equipment,
Page 117 and 118: 9.4 Other assets (a) Carrying amoun
Page 119: Note 12: Reserves 12.1 Reserves 201
Page 123 and 124: Note 14: Financial instruments 14.1
Page 125 and 126: 14.4 Comparison between carrying am
Page 127 and 128: 16.9 Administered receivables 2011
Page 129 and 130: Superannuation Certificate Financia
Page 131 and 132: Auditor-General’s Report Financia
Page 133 and 134: Appendices PHOTO TO COME 131
Page 135 and 136: Corporate Services Performance meas
Page 137 and 138: GOAL 3: High quality education and
Page 139 and 140: Raising the Bar Closing the Gap (RT
Page 141 and 142: The Tasmanian Academy is accountabl
Page 143 and 144: GOAL 5: Vibrant, inclusive and grow
Page 145 and 146: GOAL 6: Dynamic, creative and inter
Page 147 and 148: GOAL 7: Acknowledgement of the righ
Page 149 and 150: GOAL 8: Open and accountable govern
Page 151 and 152: Abbreviations and Acronyms AAS AASB
Page 153 and 154: Contact Details Postal Address: Dep
Page 155 and 156: S Schools Registration Board 64-65
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Department of Education

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