文本文稿说明讲稿2011rta annual report financial statements

1、entsSta FinalContentsfinal statements 101Roads and traffic authority of new south Walesindependent audit report97Roads and traffic authority Division of the Government services of new south Walesindependent audit report151statement by the chief executive and the Director,99finance and corporate serv

2、icesstatement by the chief executive and the Director, finance and corporate services153statement of compensive income100statement of final position101statement of changes in equity102Notes to and forpart of the final statementsstatement of cash flows104statement of compensive income154statement of

3、final position154statement of changes in equity155Notes to and forpart of the final statementsstatement of cash flows1551. Summary of significant ang policies1053.Expenses excluding losses1183.Current liabilities/non-current liabilities1604.Gains (losses) on disposal1204.Audit fee1675.Grants from De

4、partment of Transport/1205.Related party tranion1672. Revenue1171. Summary of significant ang policies1562. Current assets160Appropriations from NSW Treasuryems1216. Individually significa7. Current assets cash and cash equivalents1226.Events after the reporting period1688. Current assets/non-curren

5、t assets receivables and other final assets1229. Non-current assets property, plant and equipment12310. Non-current assets intangible assets and other12711. Non-current assets held for sale13012. Current liabilities payables13013. Current/non-current liabilities borrowings13114. Final instruments131

6、15. Current/non-current liabilities provisions13716. Current/non-current liabilities other14517. Commitments for expenditure14618. Events after the reporting period14819. Contingent assets and contingent liabilities14920. Native title14921. Administered income and expenses14922. Administered assets

7、and liabilities14924.Non cash finag and investing activities15023. Reconciliation of cash flows from operating activities to surplus for the year from continuing operations150section cover image:View from the top of the western pylon of anzac Bridge. Photo by Rta photographer Geoff Ward, september 2

8、011.independent audit report (page 1)independent audit report (page 2)statement by the chief executive and the Director, finance and corporate servicesstatement of compensive income for the year ended 30 June 2011ConsolidatedActualActual20112010Notes$000$000Actual 2011$000ParentActual 2010$000Revenu

9、eSale of Goods and Services2(a)429,748398,484429,748398,484Investment Revenue2(b)14,7948,06414,7948,064Grants and Contributions2(c)141,645359,457141,645359,457Other Revenue2(d)172,277141,665172,277141,665total Revenue758,464907,670758,464907,670expenses excluding lossesOperating Expenses Employee Re

10、lated Expenses3(a)587,397568,670589,079672,767 Other Operating Expenses3(b)451,884416,861451,884416,861Maintenance3(b)621,308572,479621,308572,479Depreciation and Amortisation3(c)849,156921,125849,156921,125Grants and Subsidies3(d)373,538743,333373,538743,333Finance Costs3(e)89,13195,49289,13195,492

11、total expenses excluding losses2,972,4143,317,9602,974,0963,422,057Gains/(Losses) on Disposal of PP&E4(a)6,8873,1246,8873,124Other Gains/(Losses)4(b)(111,659)(54,300)(111,659)(54,300)Deficit from operations before Recurrent Grants(2,318,722)(2,461,466)(2,320,404)(2,565,563)Recurrent grant from D

12、oT51,693,3341,693,334Appropriation from NSW Treasury51,556,2141,556,214Deficit from operations before capital Grants(625,388)(905,252)(627,070)(1,009,349)Capital grant from DoT52,547,4572,547,457Appropriation from NSW Treasury52,215,7352,215,735surplus for the year from continuing operations1,922,06

13、91,310,4831,920,3871,206,386Other compensive incomeNet Increase/(Decrease) in Asset Revaluation Reserve(591,677)4,534,061(591,677)4,534,061Superannuation Actuarial Gains/(Losses)(1,682)(104,097)total Other compensiveincome(593,359)4,429,964(591,677)4,534,061tOtal cOmPensiVe incOmefOR tHe YeaR1,328,7

14、105,740,4471,328,7105,740,447The accompanying notes form part of these final statements. statement of final position as at 30 June 2011ConsolidatedParentNotesActual 2011$000Actual 2010$000Actual 2011$000Actual 2010$000assetscurrent assetsCash and Cash Equivalents7296,649163,026296,649163,026Receivab

15、les8(a)145,785147,227145,785147,227Inventories12,49810,87812,49810,878454,932321,131454,932321,131Non-Current Assets Classified as Held forSale1144,46948,64744,46948,647non-current assetsOther Final Assets8(b)121,419117,946121,419117,946Property, Plant and Equipment Land and Buildings9(a)3,254,3773,

16、024,2553,254,3773,024,255 Plant and Equipment9(b)186,534197,560186,534197,560 Infrastructure Systems9(c)59,245,72458,225,14559,245,72458,225,145total Property, Plant and equipment62,686,63561,446,96062,686,63561,446,960Private Sector Provided Infrastructure10(a)665,242527,216665,242527,216Intangible

17、 Assets10(b)45,87626,78645,87626,786total non-current assets63,519,17262,118,90863,519,17262,118,908total assets64,018,57362,488,68664,018,57362,488,686liaBilitiescurrent liabilitiesPayables12730,376640,0641,644,4991,541,072Borrowings13136,121194,118136,121194,118Provisions15279,908277,659Other16138

18、,502127,313136,292124,139non-current liabilitiesBorrowings131,067,0291,126,4711,067,0291,126,471Provisions15632,005620,175Other16354,458345,203354,458345,203total non-current liabilities2,053,4922,091,8491,421,4871,471,674total liabilities3,338,3993,331,0033,338,3993,331,003net assets60,680,17459,15

19、7,68360,680,17459,157,683eQUitYReserves30,960,34031,639,20730,960,34031,639,207Accumulated Funds29,719,83427,518,47629,719,83427,518,476total equity60,680,17459,157,68360,680,17459,157,683The accompanying notes form part of these fina l statements.statement of changes in equity for the year ended 30

20、 June 2011Balance at 1 July 201027,518,47627,518,47631,639,20731,639,20759,157,68359,157,683surplus / (Deficit) for the year1,922,0691,920,3871,922,0691,920,387Accumulated FundsAsset Revaluation ReserveTotal EquityConsolidated2011Parent2011Consolidated2011Parent2011Consolidated2011Parent2011Notes$00

21、0$000$000$000$000$000Other compensive incomeNet Increase / (Decrease) in AssetRevaluation Reserves(591,677)(591,677)(591,677)(591,677)Superannuation Actuarial Gains/(Losses)(1,682)(1,682)Other compensive incomefor the year(1,682)(591,677)(591,677)(593,359)(591,677)total compensive incomefor the year

22、1,920,3871,920,387(591,677)(591,677)1,328,7101,328,710transfers Within equityAsset Revaluation Reserve Balance Transferred to Accumulated Funds on Disposal of Asset87,19087,190(87,190)(87,190)tranions with owners in their capacity as ownersIncrease/(Decrease) in Net Assets from Equity Transfers6(c)1

23、93,781193,781193,781193,781Balance as at 30 June 201129,719,83429,719,83430,960,34030,960,34060,680,17460,680,174The accompanying notes form part of these final statements.102 final statementsstatement of changes in equity for the year ended 30 June 2011Accumulated FundsAsset Revaluation ReserveTota

24、l Equity ConsolidatedParent ConsolidatedParent ConsolidatedParent201020102010201020102010Notes$000$000$000$000$000$000Balance at 1 July 200926,061,21026,061,21027,356,02627,356,02653,417,23653,417,236surplus/(Deficit) for the year1,310,4831,206,3861,310,4831,206,386Other compensive incomeNet Increas

25、e/(Decrease) in AssetRevaluation Reserves4,534,0614,534,0614,534,0614,534,061Superannuation Actuarial Gains/(Losses)(104,097)(104,097)Other compensive incomefor the year(104,097)4,534,0614,534,0614,429,9644,534,061total compensive incomefor the year1,206,3861,206,3864,534,0614,534,0615,740,4475,740,

26、447transfers Within equityAsset Revaluation Reserve Balance Transferred to Accumulated Funds onDisposal of Asset250,880250,880(250,880)(250,880)Balance as at 30 June 201027,518,47627,518,47631,639,20731,639,20759,157,68359,157,683The accompanying notes form part of these final statements.final state

27、ments 103statement of cash flowsfor the year ended 30 June 2011ConsolidatedParentNotesActual 2011$000Actual 2010$000Actual 2011$000Actual 2010$000casH flOWs fROm OPeRatinG actiVitiesPaymentsEmployee Related(573,497)(563,988)(573,497)(563,988)Grants and Subsidies(328,159)(283,158)(328,159)(283,158)Fi

28、nance Costs(87,651)(95,033)(87,651)(95,033)Other(1,442,760)(1,345,730)(1,442,760)(1,345,730)total Payments(2,432,067)(2,287,909)(2,432,067)(2,287,909)ReceiptsSale of Goods and Services488,893453,569488,893453,569Interest Received14,6798,02114,6798,021Other390,193327,916390,193327,916total Receipts89

29、3,765789,506893,765789,506cash flows from GovernmentRecurrent Grant from DoT1,693,3341,693,334Capital Grant from DoT2,547,4572,547,457Recurrent Appropriation1,556,2141,556,214Capital Appropriation2,215,7352,215,735net cash flows from Government4,240,7913,771,9494,240,7913,771,949net casH flOWs fROm

30、OPeRatinG actiVities232,702,4892,273,5462,702,4892,273,546casH flOWs fROm inVestinG actiVitiesProceeds from Sale of Land and Buildings, Plant and Equipment and Infrastructure Systems31,58070,35731,58070,357Purchases of Land and Buildings, Plant and Equipment and Infrastructure Systems(2,479,533)(2,2

31、91,189)(2,479,533)(2,291,189)net casH flOWs UseD in inVestinG actiVities(2,447,953)(2,220,832)(2,447,953)(2,220,832)casH flOWs UseD in finnG actiVitiesPayment of Finance Lease Liabilities(29,852)(25,050)(29,852)(25,050)Repayment of Borrowings and Advances(91,061)(50,817)(91,061)(50,817) net casH flO

32、Ws UseD in finnG actiVities(120,913)(75,867)(120,913)(75,867)net incRease/(DecRease) in casH133,623(23,153)133,623(23,153)Opening Cash and Cash Equivalents163,026186,179163,026186,179clOsinG casH anD casH eQUiValents7296,649163,026296,649163,026The accompanying notes form part of these final stateme

33、nts.final statements 123notes to and forpart of the final statements of the Roads and traffic authority for the year ended 30 June 20111. summary of significanting policies(a) Reporting entityThe Roads and Traffic Authority (the RTA) was established in 1989 under the Transport Administration Act 198

34、8 and is a Statutory Body pursuant to Schedule 2 of the Public Financeand Audit Act 1983 (PFAA).The Authority comprises the RTA and all the entities under its control and it reports on the following tranions:Roads and traffic authority Testing and licensing drivers; Registering and inspecting vehicl

35、es; The requirements of the Public Finance and Audit Act 1983; The Public Finance and Audit Regulation 2010; and Specific directions issued by the Treasurer.In the event of any inconsistency betweening standards and legislative requirements, the latter prevails.In prior years the RTA was a Budget De

36、pendent General Government Agency and prepared its final statements in accordance with TPP 10-1 ing Policy: Final Reporting Code for Budget Dependent General Government Sector Agencies. As a result of the Transport Administration Amendment Act 2010, the RTA is no longer a Budget Dependent agency, an

37、dis therefore no longer required to follow TPP 10-1.The major changes resulting from this decision are that the RTA will no longer report information on service groups, the summary of compliance with final directives, or budget information. Managing road usage to achieve consistent travel times, par

38、ticularly during peak periods, by reducing congestion delays and helthe commuuse the road system more effectively; Improving road safety by encouraging better road user behaviour, ensuring compliance with regulations, improving roads and enhng vehicle standards; Arterial road development, constructi

39、on and maintenance, to meet commu environmental, regulatory and economic needs; and Administration of the M5 Cashback Scheme.Roads and traffic authority Division (the Division) Provision ofnel services to the RTA.The Division was established on 17 March 2006 pursuant to Part 2 of Schedule I of the P

40、ublic Sector Employment and Management Act 2002.The Division has been the only controlled entity of the RTA during the reporting period.Thes of the RTA are consolidated as part of the Department of Transports which are consolidatedThe final statements have been prepared on a going concern basis whic

41、h assumes that the RTA is expected to be able to pay its debts as and when they fall due and continue in operation without any intention or necessity to liquidate or otherwise wind up its operations. Despite current liabilities exceeding current assets at year end, the RTAs continued operation and a

42、bility to pay its debts are assured because the NSW Government funds the majority of the RTAs operations via allocation of funds under the annual state budget Appropriation Act.The 2011/12 Budget Papers include a budget for Grants and Contributions of $4,737 million payable to the RTA in the 2011/12

43、 final year.Refer to note 18 for disclosure on the Transport for NSW restructure.Property, plant and equipment, assets (or disposal groups) held for sale and final assets at fair value through profit or loss and available for sale are measured at fair value. Other final statement items are prepared

44、in accordance with the historical cost convention.Cost is based on the fair value of the consideration given in exchange for assets.as part of the NSW Total State Sectors.Judgements, estimates and associated assumptionsbyThe RTA has been assessed as a not-for-profit entity for ing purposes.These con

45、solidated final statements for the year ended 30 June 2011 have been authorised for issue by the Chief Executive of the RTA on the date that the accompanying statement under s.41C(1C) of the Public Finance and Audit Act 1983 was signed.(b) Basis of preparationThe RTAs consolidated final statements a

46、re general purpose final statements which have been prepared in accordance with: Applicable Australianing Standards (including Australianing Interpretations);management about carrying values of assets and liabilities are disd in the relevant notes to the final statements. Refer to note 1(w) for a su

47、mmary of criticaling estimates judgements and assumptions determined when preparing the final statements.Unless otherwise stated, all amounts are rounded to the nearest one thousand dollars ($000) and are expressed in Australian currency.Theing policies set out below have, except where stated, been

48、applied consistently to all periods presented in these consolidated final statements, and have been applied consistently by the consolidated and parent entities.(c) Principles of consolidationThese final statements have been consolidated in accordance with Australianing Standard AASB 127 Consolidate

49、d and Separate Final Statements and include the assets, liabilities, equities, revenues and expenses of the Authority including those entities controlled by the RTA.The Division is a controlled entity of the RTA. Control is achieved when one entity has the power to govern the fina l and operating po

50、licies of another entity.In the process of preparing the consolidated final statements for the economic entity consisting of the controlling and controlled entities, all inter-entity tranions and balances have been eliminated.(d) new and revised australianing standards and interpretationsAustraliani

51、ng Standards and Interpretations that have recently been issued or amended but are not yet effective have not been adopted for the final reporting period ended30 June 2011.The RTAs assessment of the impact of these new standards and interpretations is set out below:applicable to final impact on Repo

52、rting entitysstandardsummary of key requirements/changesyear commencing onfinal statementsAASB 2009-14 Amendments to AASB 119 Employee BenefitsAASB 2010-4 Further Amendments to AustralianingStandards arising from the Annual Improvements Project (AASB 1, AASB 7, AASB 101, AASB 134 andInterpretation 13)AASB 201