PSR Annual Report 2008-09

• Contents
• Letter of Transmittal
• Director’s Report
• 1. Agency overview
• 2. Report on performance
• 3. Case descriptions
• 4. Management and accountability
• Appendix 1 PSR’s resource statement and outcome summary, 2008–09
• Appendix 2 Financial statements
  • Independent Auditor’s Report
  • Statement by Director and Chief Finance Officer
  • Income Statement
  • Balance Sheet
  • Statement of Changes in Equity
  • Cash Flow Statement
  • Schedule of Commitments
  • Schedule of Contingencies
  • Note 1: Summary of Significant Accounting Policies
  • Note 2: Events after the Balance Sheet Date
  • Note 3: Income
  • Note 4: Expenses
  • Note 5: Financial Assets
  • Note 6: Non-Financial Assets
  • Note 7: Payables
  • Note 8: Provisions
  • Note 9: Cash Flow Reconciliation
  • Note 10: Contingent Liabilities and Assets
  • Note 11: Executive Remuneration
  • Note 12: Remuneration of Auditors
  • Note 13: Financial Instruments
  • Note 14: Appropriations
  • Note 15: Reporting of Outcomes
  • Note 16: Compensation and Debt Relief
• Appendix 3 Freedom of information statement
• Glossary and indexes

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Appendix 2 Financial statements

Note 6: Non-Financial Assets

	2009	2008
	$	$
Note 6A: Buildings
Leasehold improvements
Fair value	384,020	497,048
Accumulated depreciation	(70,305)	(388,877)
Total leasehold improvements	313,715	108,171
Total buildings (non-current)	313,715	108,171
No indicators of impairment were found for buildings.
Note 6B: Infrastructure, plant and equipment
Infrastructure, plant and equipment:
Gross carrying value (at fair value)	294,775	622,663
Accumulated depreciation	-	(272,618)
Total infrastructure, plant and equipment (non-current)	294,775	350,045
No indicators of impairment were found for infrastructure, plant and equipment.
Note 6C: Intangibles
Computer software at cost:
Purchased software	241,516	246,077
Accumulated amortisation - purchased software	(171,088)	(151,628)
Total purchased software	70,428	94,449
Internally developed – in use	206,856	186,404
Accumulated amortisation - internally developed	(174,594)	(153,128)
Total internally developed - in use	32,262	33,276
Total intangibles (non-current)	102,690	127,725
No indicators of impairment were found for intangible assets.
Note 6D: Other non-financial assets
Prepayments	40,302	2,950
Total other non-financial assets	40,302	2,950
All other non-financial assets were current assets.
No indicators of impairment were found for other non-financial assets.

Note 6E: Analysis of property, plant and equipment
TABLE A – Reconciliation of the opening and closing balances of property, plant and equipment (2008-09)
		Other
Item	Buildings	IP & E	Total
	$	$	$
As at 1 July 2008
Gross book value	497,048	622,663	1,119,711
Accumulated depreciation/amortisation and impairment	(388,877)	(272,618)	(661,495)
Net book value 1 July 2008	108,171	350,045	458,216
Additions	-	78,917	78,917
Revaluations and impairment through equity	304,954	(6,066)	298,888
Depreciation/amortisation expense	(99,410)	(114,256)	(213,666)
Disposals
-Asset cost		(41,261)	(41,261)
-Asset accumulated depreciation		27,395	27,395
Net book value 30 June 2009	313,715	294,774	608,489
Net book value as of 30 June 2009 represented by:
Gross book value	384,020	294,774	678,794
Accumulated depreciation/amortisation and impairment	(70,305)	-	(70,305)
	313,715	294,774	608,489
TABLE B – Reconciliation of the opening and closing balances of property, plant and equipment (2007-08)
		Other
Item	Buildings	IP & E	Total
	$	$	$
As at 1 July 2007
Gross book value	461,288	488,150	949,438
Accumulated depreciation/amortisation and impairment	(268,147)	(179,719)	(447,866)
Net book value 1 July 2007	193,141	308,431	501,572
Additions:
by purchase	-	145,106	145,106
Depreciation/amortisation expense	(120,730)	(102,840)	(223,570)
Other movements	35,760	-	35,760
Disposals	-	(652)	(652)
Net book value 30 June 2008	108,171	350,045	458,216
Net book value as of 30 June 2008 represented by:
Gross book value	497,048	622,663	1,119,711
Accumulated depreciation/amortisation and impairment	(388,877)	(272,618)	(661,495)
	108,171	350,045	458,216
Note 6F: Intangibles (disclose each class) (cont.)
TABLE C: Reconciliation of the opening and closing balances of intangible (2008-09)
Item	Computer software internally developed $	Computer software purchased $	Total $
As at 1 July 2008
Gross book value	186,404	246,077	432,481
Accumulated amortisation and impairment	(153,128)	(151,628)	(304,756)
Net book value 1 July 2008	33,276	94,449	127,725
Additions:
by purchase or internally developed	20,452	10,349	30,801
Amortisation	(21,468)	(30,442)	(51,910)
-Asset cost	-	(14,910)	(14,910)
-Asset accumulated depreciation Disposals	-	10,982	10,982
Net book value 30 June 2009	32,260	70,428	102,688
Net book value as of 30 June 2009 represented by:
Gross book value	206,856	241,516	448,372
Accumulated amortisation and impairment	(174,596)	(171,088)	(345,684)
	32,260	70,428	102,688
TABLE D: Reconciliation of the opening and closing balances of intangibles (2007-08)
Item	Computer software internally developed $	Computer software purchased $	Total $
As at 1 July 2007
Gross book value	186,404	190,257	376,661
Accumulated amortisation and impairment	(119,532)	(115,801)	(235,333)
Net book value 1 July 2007	66,872	74,456	141,328
Additions:
by purchase or internally developed	-	55,820	55,820
Amortisation	(33,596)	(35,827)	(69,423)
Other movements Disposals:	-	-	-
other disposals	-	-	-
Net book value 30 June 2008	33,276	94,449	127,725
Net book value as of 30 June 2008 represented by:
Gross book value	186,404	246,077	432,481
Accumulated amortisation and impairment	(153,128)	(151,628)	(304,756)
	33,276	94,449	127,725

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