2002-03 Financial Statements

*Department of Defence*
**STATEMENT OF FINANCIAL POSITION**
as at 30 June 2003
ASSETS
		2002-03	2001-02
	Notes	$'000	$'000
Financial assets
Cash	6A	99,557	835,153
Receivables	6B	1,152,542	382,314
Capital use charge	6C	-	137,978
Total financial assets		1,252,099	1,355,445

Non-financial assets
Land and buildings	7A	9,282,868	9,054,538
Specialist military equipment	7B	31,383,274	30,656,890
Infrastructure, plant and equipment	7C	4,748,730	4,517,776
Intangibles	7D	173,709	164,360
Heritage and cultural	7E	19,047	18,897
Inventories	7G	3,832,343	3,620,788
Other	7H	718,549	564,424
Total non-financial assets		50,158,519	48,597,671

TOTAL ASSETS		51,410,618	49,953,117

LIABILITIES
Interest bearing liabilities
Leases	8A	343,738	360,271
Total interest bearing liabilities		343,738	360,271

Provisions
Employees	9A	3,317,711	2,954,603
Other	9B	343,600
Total provisions		3,661,311	2,954,603

Payables
Suppliers	10A	1,200,066	1,033,744
Other	10B	30,130	15,052
Total payables		1,230,195	1,048,796

TOTAL LIABILITIES		5,235,244	4,363,671

NET ASSETS		46,175,374	45,589,447

EQUITY
Contributed equity	11	1,811,008	1,300,047
Reserves	11	7,219,674	6,217,243
Retained surpluses	11	37,144,692	38,072,156

TOTAL EQUITY		46,175,374	45,589,447

Current assets		2,181,448	2,157,718
Non-current assets		49,229,170	47,795,398

Current liabilities		2,401,847	2,079,944
Non-current liabilities		2,833,397	2,283,727

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