Department of Defence
BALANCE SHEET
as at 30 June  2009

  Notes 2009
$'000
2008
$'000
ASSETS
Financial Assets
Cash and cash equivalents 5A 28,088 29,223
Trade and other receivables 5B 612,538 462,185
Total financial assets   640,626 491,408
 
Non-Financial Assets
Land and buildings 6A, 6G 13,922,381 12,837,055
Specialist military equipment 6B, 6G 33,796,794 32,401,931
Plant and equipment 6C, 6G 1,102,356 1,147,762
Infrastructure 6D, 6G 5,052,145 4,710,245
Intangibles 6E, 6G 468,504 357,625
Heritage and cultural assets 6F, 6G 869,393 807,931
Inventories 6H 4,942,343 4,952,741
Prepayments 6I 529,682 1,055,217
Total non-financial assets   60,683,598 58,270,507
Assets held for sale 6J 23,768 151,294
 
Total Assets   61,347,992 58,913,209
 
LIABILITIES
Payables
Suppliers 7A 839,270 857,995
Other payables 7B 322,214 290,153
Total payables   1,161,484 1,148,148
 
Interest Bearing Liabilities
Leases 8 870,169 404,988
Total interest bearing liabilities   870,169 404,988
 
Provisions
Employee provisions 9A 1,937,067 1,763,721
Restoration, decontamination and decommissioning 9B 644,730 615,572
Other provisions 9C 28,340 24,603
Total provisions   2,610,137 2,403,896
 
Total Liabilities   4,641,790 3,957,032
 
NET ASSETS   56,706,202 54,956,177
 
EQUITY
Contributed equity   9,279,271 7,388,861
Reserves   13,636,846 12,834,121
Retained surplus (accumulated deficit)   33,790,085 34,733,195
TOTAL EQUITY   56,706,202 54,956,177
 
Current Assets   1,862,340 2,314,245
Non-Current Assets   59,485,652 56,598,964
Current Liabilities   2,957,687 2,820,126
Non-Current Liabilities   1,684,103 1,136,906

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

Department of Defence
STATEMENT OF CHANGES IN EQUITY
as at 30 June 2009

  Retained Surpluses Asset Revaluation Reserve Contributed Equity Total Equity
2009
$'000
2008
$'000
2009
$'000
2008
$'000
2009
$'000
2008
$'000
2009
$'000
2008
$'000
Opening balance                
Balance carried forward from previous period 34,733,195 35,384,970 12,834,121 11,900,862 7,388,861 6,876,202 54,956,177 54,162,034
Adjustment for errors 1 - (66,749) - - - - - (66,749)
Adjusted opening balance 34,733,195 35,318,221 12,834,121 11,900,862 7,388,861 6,876,202 54,956,177 54,095,285
Income and Expenses
Asset revaluation movements - - 802,725 933,259 - - 802,725 933,259
Subtotal income and expenses recognised directly in equity - - 802,725 933,259 - - 802,725 933,259
Surplus (Deficit) for the period (943,110) (585,026) - - - - (943,110) (585,026)
Total income and expenses attributable to the Australian Government (943,110) (585,026) 802,725 933,259 - - (140,385) 348,233
Transactions with owners
Distributions to owners
Returns of equity
Returns to OPA - - - - (579,632) (1,490,897) (579,632) (1,490,897)
Contributions by owners
Appropriations (equity injection) - - - - 2,470,042 1,998,806 2,470,042 1,998,806
Restructuring (Note 10) - - - - - 4,750 - 4,750
Sub-total transactions with owners - - - - 1,890,410 512,659 1,890,410 512,659
Transfers between equity components - - - - - - - -
Closing balance attributable to the Australian Government 33,790,085 34,733,195 13,636,846 12,834,121 9,279,271 7,388,861 56,706,202 54,956,177

1 Refer Note 16: Accounting for errors

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