Residential Tenancies Trust Account financial statements

Statement of financial performance

for the year ended 30 June 2008

Actual 2007 $000		Actual 2008 $000
	Revenue
97	Interest earned from government stock	-
16,880	Interest earned from bank deposits	21,003
16,977	Total revenue	21,003
	Expenditure
16,977	Interest to Department of Building and Housing	21,003
-	Operating surplus	-

Note: The Residential Tenancies Trust Account audit fees are paid by the Department of Building and Housing.

Reconciliation of movements in bondholders' funds

for the year ended 30 June 2008

Actual 2007 $000		Actual 2008 $000
207,519	Bondholders' funds at 1 July	230,976
130,895	Bonds lodged	144,604
(107,438)	Bonds refunded	(115,135)
230,976	Bondholders' funds at 30 June	260,445

Statement of financial position

as at 30 June 2008

Actual 2007 $000		Note	Actual 2008 $000
	Current assets
7,773	Cash and cash equivalents		9,250
163,451	Investments	2	180,950
11,425	Receivables		14,212
182,649	Total current assets		204,412
	Non-current assets
66,700	Investments	2	76,200
66,700	Total non-current assets		76,200
249,349	Total assets		280,612
	Current liabilities
18,338	Payables		20,142
35	Other		25
18,373	Total current liabilities		20,167
230,976	Net assets		260,445
	Bondholders' funds
207,519	Opening balance		230,976
23,457	Net increase		29,469
230,976	Closing balance of bondholders' funds		260,445

Statement of cash flows

for the year ended 30 June 2008

Actual 2007 $000		Note	Actual 2008 $000
	Cash flows from operating activities
	Cash was provided from:
11,650	Interest received		18,216
	Cash was disbursed to:
(11,900)	Interest payments to Department of Building and Housing		(19,199)
(250)	Net cash flows from operating activities	5	(983)
	Cash flows from investing activities
	Cash was provided from:
166,986	Proceeds from maturity of investments		185,451
	Cash was disbursed to:
(188,046)	Purchase of investments		(212,450)
2	Disposal of goods		(10)
(21,058)	Net cash flows from investing activities		(27,009)
	Cash flows from financing activities
	Cash was provided from:
130,895	Lodgement of bonds		144,604
	Cash was disbursed to:
(107,438)	Refund of bonds		(115,135)
23,457	Net cash flows from financing activities		29,469
2,149	Net increase in cash held		1,477
5,624	Opening cash		7,773
7,773	Closing cash		9,250