Notes to the Financial Statements

Notes to and forming part of the financial statements for the year ended 30 June 2007

Note	Description
1	Administered financial statements
1.1	Schedule of administered income and expenses
1.2	Schedule of administered assets and liabilities
1.3	Schedule of administered cash flows
1.4	Explanation of major variances between budget and actual
1.5	Schedule of recognised administered income and expenses
2	Significant accounting policies
2.1	Objectives and funding
2.2	Basis of accounting
2.3	Reporting entity
2.4	Fair presentation
2.5	Changes in accounting policies
2.6	Administered transactions and balances
2.7	Activities undertaken under a trustee or agency relationship
2.8	Transactions by the government as owner - restructuring of administrative arrangements
2.9	Income
2.10	Expenses
2.11	Assets
2.12	Liabilities
2.13	Leases
2.14	Unrecognised financial instruments
2.15	Judgements and assumptions
2.16	Foreign currency
2.17	Comparative figures
2.18	Budget information
2.19	Rounding
2.20	Departmental taxation
3	Departmental output schedules
3.1	Output group information
3.2	Administered output schedule
4	Events occurring after balance date
5	Income
5.1	Appropriation revenue
5.2	Revenue from special capital investment funds
5.3	Grants
5.4	Sales of goods and services
5.5	Fees and fines
5.6	Gains (losses) on sale of non-financial assets
5.7	Resources received free of charge
5.8	Other revenues
6	Expenses
6.1	Employee entitlements
6.2	Depreciation and amortisation
6.3	Supplies and consumables
6.4	Grants and subsidies
6.5	Other expenses
7	Assets
7.1	Cash and deposits
7.2	Receivables
7.3	Assets held for sale
7.4	Property, plant and equipment, library book stock and heritage assets
7.5	Other assets
8	Liabilities
8.1	Payables
8.2	Employee entitlements
8.3	Other liabilities
9	Commitments and contingencies
9.1	Schedule of commitments
9.2	Contingent assets and liabilities
10	Equity and movements in equity
10.1	Reconciliation of equity
10.2	Asset revaluation reserve by class of asset
10.3	Administrative restructuring
11	Cash flow reconciliation
11.1	Cash and cash equivalents
11.2	Reconciliation of operating surplus to net cash from operating activities
11.3	Acquittal of capital investment and special capital investment funds
11.4	Financing facilities
12	Financial instruments
12.1	Risk exposures
12.2	Net fair values of financial assets and liabilities
13	Details of consolidated entities
13.1	List of entities
14	Notes to administered statements
14.1	Administered appropriation revenue
14.2	Administered grants
14.3	Administered sales of goods and services
14.4	Administered fees and fines
14.5	Other administered revenues
14.6	Administered grants and subsidies expenses
14.7	Administered supplies and consumables
14.8	Administered cash and deposits
14.9	Reconciliation of administered equity
14.10	Administered cash and cash equivalents
14.11	Reconciliation of administered operating surplus to net cash from administered operating activities
14.12	Risk exposures (administered)
15	Transactions and balances relating to a trustee or agency agreement

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