15. Revenue from State Government
16. Restricted cash assets
17. Inventories
18. Receivables
19. Amounts receivable for outputs
20. Other assets

15. Revenue from State Government   top of page

(i) Output appropriations are accrual amounts reflecting the full cost of outputs delivered. The appropriation revenue comprises a cash component and a receivable (asset). The receivable (holding account) comprises the depreciation expense for the year and any agreed increase in leave liability during the year.

(ii) Commencing with the 2003/04 audit, the Office of the Auditor General will be charging a fee for auditing the accounts, financial statements and performance indicators. The fee for the 2003/04 audit is $132,000 (GST inclusive) and will be due and payable in the 2004/05 financial year.

16. Restricted cash assets   top of page

The following cash assets are restricted because they are held by the PTA on behalf of third parties, subject to certain conditions.

Contractors’ deposits are held by the PTA as security for contractor performance according to the terms and conditions of the contracts established with each contractor. Generally, the contracts require that these deposits must be maintained intact by the PTA for repayment to the contractor on successful performance of contract conditions.

The Railway Servants’ Benefit Fund is to be used only for the purpose of providing welfare to staff.

17. Inventories   top of page

18. Receivables   top of page

19. Amounts receivable for outputs   top of page

This asset represents the non-cash component of output appropriations. It is restricted in that it can only be used for asset replacement or payment of leave liability.

20. Other assets   top of page

Home > Notes to the Financial Statements for the year ended 30 June 2004 > 15. Revenue from State Government, 16. Restricted cash assets, 17. Inventories, 18. Receivables, 19. Amounts receivable for outputs and 20. Other assets  top of page

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