Department of Defence
BALANCE SHEET
as at 30 June 2008

  Notes 2008
$'000
2007
$'000
ASSETS
Financial assets
Cash and cash equivalents 5A 29,223 32,007
Trade and other receivables 5B 462,185 501,682
Total financial assets   491,408 533,689
 
Non-financial assets
Land and buildings 6A, 6G 12,568,074 11,880,750
Specialist military equipment 6B, 6G 32,447,754 32,596,224
Plant and equipment 6C, 6G 1,147,762 1,214,244
Infrastructure 6D, 6G 4,710,086 4,627,894
Intangibles 6E, 6G 357,625 276,399
Heritage and cultural assets 6F, 6G 805,587 763,944
Inventories 6H 4,952,862 4,869,072
Prepayments 6I 1,055,217 762,123
Total non-financial assets   58,044,967 56,990,650
Assets held for sale 6J 427,220 144,375
 
Total Assets   58,963,595 57,668,714
 
LIABILITIES
Payables
Suppliers 7A 857,995 757,120
Other payables 7B 197,170 130,344
Total payables   1,055,165 887,464
 
Interest bearing liabilities
Leases 8 404,988 313,588
Total interest bearing liabilities   404,988 313,588
 
Provisions
Employee provisions 9A 1,856,704 1,718,072
Restoration, decontamination and decommissioning 9B 615,572 541,256
Other provisions 9C 24,603 46,300
Total provisions   2,496,879 2,305,628
 
Total Liabilities   3,957,032 3,506,680
 
NET ASSETS   55,006,563 54,162,034
 
EQUITY
Contributed equity   7,388,861 6,876,202
Reserves   12,834,121 11,900,862
Retained surplus (accumulated deficit)   34,783,581 35,384,970
TOTAL EQUITY   55,006,563 54,162,034
 
Current assets   2,615,082 2,107,194
Non-current assets   56,348,513 55,561,520
Current liabilities   2,820,126 2,501,041
Non-current liabilities   1,136,906 1,005,639

The above statement should be read in conjunction with the accompanying notes.