Notes to the financial statements
Note 28: Other borrowings
General Government
2012
2011
$m
$m
Finance lease liabilities as at the reporting date
are reconciled to the lease liability as follows:
Not later than one year
Later than one year and not later than five years
Later than five years
Minimum lease payments
less future finance charges
Total finance lease liabilities
Finance lease liabilities maturity schedule
Current
Non-current
Total finance lease liabilities by maturity
Australian Government
2012
2011
$m
$m
227
408
904
1,539
691
848
151
446
867
1,464
708
756
251
490
1,486
2,227
1,138
1,089
151
447
867
1,465
708
757
272
576
848
99
657
756
277
812
1,089
98
659
757
Note 29: Other interest bearing liabilities
Swap principal payable
Amounts outstanding under repurchase agreements
Special reserve - International Monetary Fund
special drawing rights
Finance lease incentives
Other
Total other interest bearing liabilities
General Government
2012
2011
$m
$m
510
431
4,570
117
23
5,220
4,585
35
29
5,080
Australian Government
2012
2011
$m
$m
525
432
1,535
1,666
4,570
121
966
7,717
4,585
39
707
7,429
Note 30: Employee benefits
General Government
2012
2011
$m
$m
235,385
145,113
Total superannuation liability
Other employee liabilities
Leave and other entitlements
Accrued salaries and wages
Workers compensation claims
Separations and redundancies
Military compensation
Other
Total other employee liabilities
Total employee and superannuation liabilities
7,323
633
2,622
97
3,510
406
14,591
249,976
6,482
455
1,889
64
2,267
406
11,563
156,676
Australian Government
2012
2011
$m
$m
235,840
145,201
9,379
774
2,752
140
3,510
406
16,961
252,801
8,375
583
2,003
170
2,267
405
13,803
159,004
As at 30 June 2012, the number of full time equivalent employees was 313,825
(2011: 311,676). This comprises civilians and military personnel, including reserve
forces.
107
Notes to the financial statements
Note 31: Other provisions and payables
Payables
Suppliers payable
Trade creditors
Operating lease rental payable
Other creditors
Total suppliers payable
Total personal benefits payable
Total subsidies payable
Grants payable
State and Territory governments
Private sector
Overseas
Local governments
Other
Total grants payable
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
108
General Government
2012
2011
$m
$m
2012
$m
2011
$m
4,485
193
748
5,426
5,386
2,392
3,388
191
2,338
5,917
6,461
1,823
5,252
193
919
6,364
5,386
2,392
4,120
191
2,474
6,785
6,461
1,823
515
745
1,190
7
555
3,012
962
616
1,303
18
447
3,346
515
745
1,190
7
555
3,012
962
616
1,303
18
447
3,346
1,974
862
1,135
3,971
20,187
-
2,752
826
1,204
4,782
22,329
-
3,022
1,289
1,136
5,447
22,601
53,595
3,471
1,150
1,232
5,853
24,268
50,059
11,806
10,191
11,806
10,191
10,520
3,376
8,411
2,236
10,897
3,376
8,791
2,236
1,923
1,802
29,427
29,427
49,614
1,785
1,504
24,127
24,127
46,456
2,009
2,060
30,148
83,743
106,344
1,857
1,792
24,867
74,926
99,194
Notes to the financial statements
A: Reconciliation of movement in provisions
General Government
2012
2011
$m
$m
Movement table:
Balance of provisions at 1 July
Provisions made during the year
Provisions used during the year
Provisions remeasured, reversed or
unwound during the year
Balance of provisions at 30 June
Australian Government
2012
2011
$m
$m
24,127
18,713
(12,109)
19,886
10,343
(6,838)
74,926
22,688
(12,571)
69,358
12,104
(7,242)
(1,304)
29,427
736
24,127
(1,300)
83,743
706
74,926
Note 32: Net revaluation increases/(decreases)
General Government
2012
2011
$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)
109
Australian Government
2012
2011
$m
$m
(918)
(7,142)
363
(253)
32
200
223
694
(2)
(8)
156
573
207
325
43
32
245
(71)
694
(2)
(8)
163
655
739
325
43
1,139
221
1
1,305
(5,837)
890
1,253
1
1,926
1,673
Notes to the financial statements
Note 33: Reconciliation of cash
A: Reconciliation of net operating balance to net cash flows from operating activities
General Government
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 writedowns
Other non-cash expenses
Total expenses not requiring cash
plus Cash provided by working 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 working
capital items
equals Net cash from/(used by) operating
activities
Australian Government
2012
2011
2012
2011
$m
(39,151)
$m
(46,624)
$m
(39,430)
$m
(45,706)
837
837
789
789
837
837
789
789
7,942
5,840
2,034
1,229
17,045
5,470
5,876
2,442
889
14,677
8,055
6,478
2,034
1,233
17,800
5,575
6,384
2,442
891
15,292
(7,859)
(746)
643
(616)
(4,808)
(781)
109
267
(7,181)
(759)
589
(563)
(5,713)
(782)
231
323
(1,175)
1,652
3,009
1,429
(1,175)
1,719
3,009
1,522
(124)
(1,126)
244
(1,078)
(8,225)
(1,901)
(7,126)
(2,488)
(31,168)
(34,637)
(29,593)
(33,691)
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
2012
2011
$m
$m
Items in the balance sheet
Financial assets - cash
Financial liabilities - overdrafts
Total items in the balance sheet
Total as per cash flow statement
110
2,523
2,364
2,523
2,523
2,364
2,364
Australian Government
2012
2011
$m
$m
4,641
(60)
4,581
4,581
5,427
5,427
5,427
Notes to the financial statements
Note 33: Reconciliation of cash (continued)
C: Cash flows associated with entities acquired during the year
General Government
2012
2011
$m
$m
Australian Government
2012
2011
$m
$m
During the 2011-12 financial year, there were no
material entity acquisitions.
During the 2010-11 financial year, Medibank Private
acquired 100% of Medibank Health Solutions Pty
Ltd (formerly McKesson Asia-Pacific Pty Ltd) and
100% of Carepoint Holdings Pty Ltd
During the 2010-11 financial year, Indigenous Land
Corporation acquired Ayres Rock Resort and
on-sold it to its wholly-owned subsidiary,
Voyages Indigenous Tourism Australia Pty Ltd
During the 2010-11 financial year, Australia Post
acquired 100% of SecurePay Holdings Pty Ltd
Consideration for acquisition
Cash
Total consideration
Fair value of assets and liabilities of entities
acquired were:
Assets
Total cash
Financial assets
Total non-financial assets
Total assets
Liablities
Total debt
Total payables
Total provisions
Total liabilities
Net assets
Goodwill / (discount) on acquisition and other
adjustments
Fair value of Australian Government's share
of net assets acquired and goodwill
111
-
-
-
505
505
-
-
-
15
12
366
393
-
-
-
5
23
6
34
358
122
-
-
-
481