Balance Sheet

As at 30 June 2007

	Notes	2007 Budget $’000	2007 Actual $’000	2006 Actual $’000
Assets
Financial assets
Cash and deposits⁷	2.11(a), 7.1	37,236	61,069	48,317
Receivables⁸	2.11(b), 7.2	4,500	6,530	6,804
Non-financial assets
Assets held for sale⁹	2.11(c), 7.3	8,265	1,122	8,139
Plant and equipment	2.11(d), 7.4	5,331	5,686	5,864
Land and buildings¹⁰	2.11(d), 7.4	696,492	815,183	782,506
Library book stock	2.11(d), 7.4	14,093	13,952	13,714
Heritage¹¹	2.11(d), 7.4	12,139	42,458	12,664
Other assets¹²	2.11(g), 7.5	5,494	3,507	4,403
Total assets		783,550	949,507	882,411
Liabilities
Payables	2.12(a), 8.1	6,157	5,464	5,791
Employee entitlements	2.12(b), 8.2	104,380	98,339	97,824
Other liabilities¹³	2.12(d), 8.3	1,000	14,083	10,716
Total liabilities		111,537	117,886	114,331
Net assets		672,013	831,621	768,080
Equity
Reserves			74,593	34,704
Accumulated surplus			757,028	733,376
Total equity	10.1	672,013	831,621	768,080

The above Balance Sheet should be read in conjunction with the accompanying notes.

Budget information refers to original estimates and has not been subject to audit.

Explanations of major variances between budget and actual are provided after the Cash Flow Statement.