Notes to the financial statements
Note 28: Other borrowings
General Government Australian Government
2013
2012
2013
2012
$m
$m
$m
$m
Finance lease liabilities as at the reporting date
are reconciled to the lease liability as follow s:
Not later than one year
Later than one year and not later than five years
Later than five years
177
517
1,388
227
408
904
322
975
4,647
251
490
1,486
Minimum lease payments
less future finance charges
Total finance lease liabilities
Finance lease liabilities m aturity schedule
Current
Non-current
2,082
1,058
1,024
1,539
691
848
5,944
3,583
2,361
2,227
1,138
1,089
95
929
272
576
133
2,228
277
812
Total finance lease liabilities by m aturity
1,024
848
2,361
1,089
Note 29: Other interest bearing liabilities
General Government Australian Government
2013
2012
2013
2012
$m
$m
$m
$m
Sw ap principal payable
4,472
510
4,759
525
Amounts outstanding under repurchase agreements
2,379
1,535
Special reserve - International Monetary Fund
special draw ing rights
4,999
4,570
4,999
4,570
Finance lease incentives
126
117
129
121
Other
19
23
2,682
966
Total other interest bearing liabilities
9,616
5,220
14,948
7,717
Note 30: Employee benefits
Total superannuation liability
Other em ployee liabilities
Leave and other entitlements
Accrued salaries and w ages
Workers compensation claims
Separations and redundancies
Military compensation
Other
Total other em ployee liabilities
Total em ployee and superannuation liabilities
General Government Australian Government
2013
2012
2013
2012
$m
$m
$m
$m
193,313
235,385
193,402
235,840
7,396
654
3,087
100
3,353
205
14,795
208,108
7,323
633
2,965
97
3,510
406
14,934
250,319
9,656
739
3,217
179
3,353
205
17,349
210,751
9,379
774
3,095
140
3,510
406
17,304
253,144
As at 30 June 2013, the number of full time equivalent employees was 314,072
(2012: 313,825). This comprises of civilians and military personnel, including reserve
forces.
114
Notes to the financial statements
Note 31: Other provisions and payables
General Government Australian Government
2013
2012
2013
2012
$m
$m
$m
$m
Payables
Suppliers payable
Trade creditors
Operating lease rental payable
Other creditors
Total suppliers payable
4,009
209
2,191
6,409
`
4,485
193
748
5,426
4,949
209
2,391
7,549
5,252
193
919
6,364
Total personal benefits payable
5,815
5,386
5,815
5,386
Total subsidies payable
3,557
2,392
3,557
2,392
Grants payable
State and Territory governments
Private sector
Overseas
Local governments
Other
807
505
1,390
12
664
515
745
1,190
7
555
807
505
1,390
12
664
515
745
1,190
7
555
Total grants payable
3,378
3,012
3,378
3,012
1,243
883
973
3,099
22,258
1,974
862
1,135
3,971
20,187
2,100
1,554
989
4,643
24,942
3,022
1,289
1,136
5,447
22,601
-
-
56,943
53,595
12,855
11,806
12,855
11,806
12,370
3,391
10,800
3,376
12,777
3,391
11,176
3,376
1,914
1,939
32,469
32,469
54,727
1,923
1,802
29,707
29,707
49,894
2,016
2,290
33,329
90,272
115,214
2,009
2,060
30,427
84,022
106,623
Other payables
Unearned income
Accrued expenses
Other
Total other payables
Total payables
Australian currency on issue
Other provisions
Grant provisions
Provision for outstanding benefits
and claims
Provision for tax refunds
Provision for restoration,
decommissioning and makegood
Other
Total other provisions
Total provisions
Total payables and provisions
A: Reconciliation of movement in provisions
General Government Australian Government
2013
2012
2013
2012
$m
$m
$m
$m
Movem ent table:
Balance of provisions at 1 July
Provisions made during the year
Provisions used during the year
Provisions remeasured, reversed or
unw ound during the year
Balance of provisions at 30 June
115
29,707
14,567
(12,175)
24,127
19,675
(12,910)
84,022
24,891
(19,053)
74,926
23,651
(13,372)
370
32,469
(1,185)
29,707
412
90,272
(1,183)
84,022
Notes to the financial statements
Note 32: Net revaluation increases/(decreases)
General Government
Australian Government
2013
2012
2013
2012
$m
$m
$m
$m
Financial assets
Equity investments
Non-financial assets
Land
Buildings
Other infrastructure, plant and equipment
Heritage and cultural assets
Other non-financial assets
Provision for restoration, decommissioning and
makegood
Intangibles
Total non-financial assets
Total revaluation increases/(decreases)
1,437
(918)
(609)
363
248
41
168
66
(5)
32
200
223
694
(2)
246
(38)
331
66
(5)
32
245
(71)
694
(2)
37
4
559
(8)
1,139
37
4
641
(8)
890
1,996
221
32
1,253
Note 33: Reconciliation of cash
A: Reconciliation of net operating balance to net cash flows from operating activities
General Government Australian Government
2013
2012
2013
2012
$m
$m
$m
$m
(23,000) (39,188)
(23,351)
(39,420)
Net operating balance
less Revenues not providing cash
Other
Total revenues not providing cash
plus Expenses not requiring cash
Increase in employee entitlements
Depreciation/amortisation expense
Mutually agreed w ritedow ns
Other non-cash expenses
Total expenses not requiring cash
plus Cash provided by w orking capital items
(Increase)/Decrease in receivables
(Increase)/Decrease in inventories
(Increase)/Decrease in other financial assets
(Increase)/Decrease in other non-financial
assets
Increase/(Decrease) in benefits, subsidies
and grants payable
Increase/(Decrease) in supplier payables
Increase/(Decrease) in other
provisions and payables
Total cash provided/(used) by w orking
capital item s
equals Net cash from /(used by) operating
activities
116
559
559
837
837
559
559
837
837
8,019
6,429
2,162
706
17,316
7,942
5,840
2,034
1,229
17,045
8,175
7,258
2,162
648
18,243
8,055
6,478
2,034
1,233
17,800
(8,317)
(797)
921
(7,859)
(746)
643
(9,969)
(795)
1,259
(7,181)
(759)
589
32
(616)
(18)
(563)
4,786
107
(1,175)
1,652
4,786
311
(1,175)
1,719
(410)
(87)
(227)
234
(3,678)
(8,188)
(4,653)
(7,136)
(9,921)
(31,168)
(10,320)
(29,593)
Notes to the financial statements
B: Reconciliation of cash at the end of the reporting period as shown in the cash flow
statement to the related items in the balance sheet
General Government Australian Government
2013
2012
2013
2012
$m
$m
$m
$m
Items in the balance sheet
Financial assets - cash
Financial liabilities - overdrafts
2,075
-
2,523
-
4,024
-
4,080
(60)
Total item s in the balance sheet
2,075
2,523
4,024
4,020
Total as per cash flow statem ent
2,075
2,523
4,024
4,020
117
Notes to the financial statements
Note 33: Reconciliation of cash (continued)
C: Cash flows associated with entities acquired during the year
General Government Australian Government
2013
2012
2013
2012
$m
$m
$m
$m
During the 2012-13 financial year: On the 13th
November 2012 Australia Post Group's equity interest
in AUX investments increased from 50-100 percent
and AUX became a subsidiary from that date.
Consideration for acquisition
Cash
Other
Total consideration
-
-
(59)
460
401
-
Fair value of assets and liabilities of entities
acquired w ere:
Assets
Total cash
Financial assets
Total non-financial assets
Total assets
-
-
59
174
456
689
-
Liablities
Total debt
Total payables
Total provisions
Total liabilities
-
-
594
92
109
795
-
Net assets
-
-
(106)
-
Australian Government share of net assets
acquired
Goodw ill / (discount) on acquisition and other
adjustments
-
-
(106)
-
-
-
494
-
Acquisition costs w ritten-off
Less: investment previously held
Fair value of Australian Governm ent's share
of net assets acquired and goodw ill
-
-
(194)
-
-
-
194
-
Interest in entity prior to obtaining control
Outside equity interest relating to controlled entities
118