Notes to the financial statements

for the year ended 30 June 2009

40 Supplementary financial information

Write offs

 

2009
$000

2008
$000

Write offs

Public property written-off (i)

479

3

Revenue written off

1

6
 

480

9

Losses through theft, defaults and other causes

Losses of public monies and public and other property through theft or default

3

7

Gifts of Public Property

Gifts of Public Property provided by the PTA

6

0
 
 

489

16

(i) During the financial year $478,915 (2008: $2,644) was written off the PTA's asset register and $803 (2008: $6,307) of bad debts were written off. The PTA's asset register write off is mainly due to a relatively new bus destroyed by fire. PTA has received insurance compensation from Riskcover.