20 Income from State Government
2007 |
2006 |
|
$000 |
$000 |
|
Appropriation received during the year: |
|
|
Service appropriations (i) |
649,238 |
559,824 |
|
|
|
Resources received free of charge (ii) |
|
|
Landgate |
2,048 |
41 |
Department of Housing and Works |
8 |
0 |
|
2,056 |
41 |
Contribution - Other Government Agencies |
|
|
Department for Planning and Infrastructure: |
|
|
Funding for CAT bus replacement and new CAT depot |
992 |
7,592 |
Grant for the North Greenbushes project |
13,150 |
0 |
Main Roads WA - New MetroRail additional bridge and road works |
3,452 |
0 |
|
17,594 |
7,592 |
|
668,888 |
567,457 |
(i) Service appropriations are accrual amounts reflecting the full cost of services 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) Where assets or services have been received free of charge or for nominal consideration, the PTA recognises revenues (except where the contribution of assets or services is in the nature of contributions by owners, in which case the PTA shall make a direct adjustment to equity) equivalent to the fair value of the assets and/or the fair value of those services that can be reliably determined and which would have been purchased if not donated, and those fair values shall be recognised as assets or expenses, as applicable.