Statement of Financial Performance

for the year ended 30 June 2005

These financial statements to be read in conjunction with the attached accounting policies and notes to the financial statements.

	Note	2005 Actual $000	2005 Main Estimates $000	2005 Supplementary Estimates $000	2004 Actual $000
Revenue
Revenue - Crown		10,035	7,279	13,695	6,477
Revenue - Department		87	145	196	15
Revenue - Other	1	16,687	9,934	15,994	9,903
Total Operating Revenue		26,809	17,358	29,885	16,395
Expenses
Personnel costs	2	15,912	9,379	15,615	8,561
Operating costs	3	13,882	6,783	18,981	6,211
Depreciation	4	784	901	827	609
Capital charge	5	301	295	295	253
Loss/(gain) on sale of fixed assets		15	-	-	14
Total Expenses		30,894	17,358	35,718	15,648
Net Surplus/(Deficit)		(4,085)	-	(5,833)	747

Statement of Movements in Taxpayers' Funds

for the year ended 30 June 2005

	Note	2005 Actual $000	2005 Main Estimates $000	2005 Supplementary Estimates $000	2004 Actual $000
Taxpayers' funds at 1 July		3,301	3,301	3,301	2,981
Net surplus/(deficit)		(4,085)	-	(5,833)	747
Total recognised revenues and expenses for the year		(4,085)	-	(5,833)	747
Adjustment for flows to and from the Crown:
Provision for payment of surplus to Crown	10	(188)	-	-	(747)
Capital contribution to fund memo account deficits		4,273	-	9,232	-
Capital contribution - other		851	380	1,032	320
Taxpayers' funds as at 30 June		4,152	3,681	7,732	3,301

Statement of Financial Position

as at 30 June 2005

	Note	2005 Actual $000	2005 Main Estimates $000	2005 Supplementary Estimates $000	2004 Actual $000
Taxpayers' Funds
General funds		4,152	3,681	7,732	3,301
Total Taxpayers' Funds		4,152	3,681	7,732	3,301
Current Assets
Cash		167	84	309	31
Prepayments		-	25	25	49
Debtors and receivables	6	8,178	2,505	6,677	4,265
Total Current Assets		8,345	2,614	7,011	4,345
Non-Current Assets
Property, plant and equipment	7	3,033	2,337	3,347	2,321
Total Non-Current Assets		3,033	2,337	3,347	2,321
Total Assets		11,378	4,951	10,358	6,666
Current Liabilities
Creditors and payables	8	5,932	686	1,714	1,903
Provision for restructuring	9	247	-	-	-
Finance leases		-	-	-	33
Provision for repayment of surplus to Crown	10	188	-	-	747
Employee entitlements	11	590	363	643	351
Total Current Liabilities		6,957	1,049	2,357	3,304
Non-Current Liabilities
Employee entitlements	11	269	221	269	269
Finance leases		-	-	-	62
Total Non-Current Liabilities		269	221	269	331
Total Liabilities		7,226	1,270	2,626	3,365
Net Assets		4,152	3,681	7,732	3,301

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