STATEMENT OF FINANCIAL POSITION

As At 30 June

Statement of financial position as at 30 June.
2003 Actual $000		Notes	2004 Actual $000	2004 Main Estimates $000	2004 Supp Estimates $000
	Taxpayers’ funds
7,466	General funds	8a	7,566	7,566	7,565
898	Revaluation reserves	8b	898	1,152	899
8,364	Total taxpayers’ funds		8,464	8,718	8,464
	Represented by:
2,763	Current assets		2,139	3,153	1,735
305	Prepayments		194	96	300
12	Inventory		14	46	46
17,633	Debtors and receivables	9	14,762	10,956	16,745
20,713	Total current assets		17,109	14,251	18,826
9,108	Property, plant and equipment	10	8,457	10,253	8,968
29,821	Total assets		25,566	24,504	27,794
	Current liabilities
15,574	Creditors and payables	11	10,135	11,556	15,012
2,270	Provision for repayment of surplus to the Crown	12	2,759	-	-
1,687	Provision for employee entitlements	13	1,892	2,500	2,000
-	Unearned revenue		134	286	-
-	Current finance lease liability	14	14	-	15
-	Other provisions		-	44	-
	Total current liabilities		14,934	14,386	17,027
19,531	Term liabilities
1,926	Provision for employee entitlements	13	2,165	1,400	2,300
-	Non current finance lease liability	14	3	-	3
21,457	Total liabilities		17,102	15,786	19,330
8,364	Net assets		8,464	8,718	8,464

These financial statements should be read in conjunction with the statement of accounting policies and the notes to the financial statements.

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Updated : 16 November 2007