Statement of financial performance

For the year ended 30 June 2005

	Notes	2005 $’000	2004 $’000
Revenue from ordinary activities
Revenue from government	3	688,228	638,449
Australian government grants	5.1	7,796	11,407
User charges	5.2	213	186
Fees and fines	5.3	304	299
Gross proceeds from the disposal of assets	5.4	87	731
Resources received free of charge	5.5	241	358
Other revenue from ordinary activities	5.6	52,446	35,268
School levies	5.7	8,474	8,110
Total revenue from ordinary activities		757,789	694,808
Expenses from ordinary activities (excluding borrowing costs)
Employee entitlements	6.1	495,997	468,205
Depreciation and amortisation	6.2	22,289	17,702
Grants and subsidies	6.3	82,786	79,785
Written down value of disposed assets	5.4	135	691
Loss on revaluation		57,455	-
Other expenses from ordinary activities	6.4	136,723	129,235
Total expenses from ordinary activities (excluding borrowing costs)		795,385	695,618
Net operating surplus (deficit) from ordinary activities		(37,596)	(810)
Equity interests	10	-	-
Net surplus (deficit) attributable to the state		(37,596)	(810)
Net increase (decrease) to asset revaluation reserve		(3,191)	-
Total revenues, expenses and valuation adjustments recognised directly in equity		2,395	(672)
Total changes in equity other than those resulting from transactions with the Tasmanian state government in its capacity as owner		(38,392)	(1,482)

The above Statement of Financial Performance should be read in conjunction with the accompanying notes.