Notes to the Financial Statements

For the year ended 30 June 2004

(a) Reconciliation of cash

Cash at the end of the financial year as shown in the Statement of Cash Flows is reconciled to the related items in the Statement of Financial Position as follows:

	2004 $'000	2003 $'000
Cash assets	14,366	37,255
Restricted cash assets	6,897	5,694
	21,263	42,949

(b) Cash assets transferred (to)/from other sources

	2004 $'000	2003 $'000
Cash assets transferred:
from Department of Transport	-	10,147
to Consolidated Fund	-	(3,676)
to Public Transport Authority	(4,268)	-
from Department of Land Information	307	-
	(3,961)	6,471

(c) Reconciliation of net cost of services to net cash flows provided by/(used in) operating activities

	2004 $'000	2003 $'000
Net cost of services	(152,107)	(406,643)
Non cash items:
Depreciation	7,578	26,216
Doubtful debts expense	319	2
Net loss on disposal of non-current assets	(21)	4,210
Resources received free of charge	4,343	2,649
Superannuation expense	933	103
Expenses previously held in construction in progress	1,783	2,652
Initial recognition of assets not previously recognised	-	1,638
(Increase)/decrease in assets
Current inventories	197	19
Current receivables	1,455	(820)
Other current assets	479	(4,091)
Increase/(decrease) in liabilities
Current payables	(415)	2,375
Current provisions	1,840	(267)
Other current liabilities	1,150	5,882
Non-current provisions	1,179	1,649
Net GST receipts/payments	3,913	(1,612)
Change in GST in receivables/payables	(301)	(3,433)
Net cash used in operating activities	(127,675)	(369,471)