Page 4537 - Week 10 - Thursday, 23 September 2010
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(1) For each portfolio area, what were the top ten assets as at 30 June 2010 and what was their value, broken down by specific asset, not asset class.
(2) What were the top ten liabilities as at 30 June 2010 and what was their value, broken down by each specific liability.
Ms Gallagher: The answer to the member’s question is as follows:
The Government does not account for assets and liabilities by portfolio. Details of the assets and liabilities are published in agency financial statements in accordance with Generally Accepted Accounting Principles (GAAP) as required by the Financial Management Act 1996. Under GAAP, departments are required to disclose their assets and liabilities by output class where it is feasible to do so. Annual Reports for 2009-10, which include agency financial statements, will be tabled shortly in accordance with established procedures.
Finance—government assets and liabilities
(Question No 1165)
Mr Seselja asked the Minister for Education and Training, upon notice, on 26 August 2010:
(1) For each portfolio area, what were the top ten assets as at 30 June 2010 and what was their value, broken down by specific asset, not asset class.
(2) What were the top ten liabilities as at 30 June 2010 and what was their value, broken down by each specific liability.
Mr Barr: The answer to the member’s question is as follows:
1) to 2) The Government does not account for assets and liabilities by portfolio. Details of assets and liabilities are published in agency financial statements in accordance with Generally Accepted Accounting Principles (GAAP) as required by the Financial Management Act 1996. Under GAAP, departments are required to disclose their assets and liabilities by output class where it is feasible to do so. Annual Reports for 2009-10, which include agency financial statements, will be tabled shortly in accordance with established procedures.
Finance—government assets and liabilities
(Question No 1166)
Mr Seselja asked the Minister for Transport, upon notice, on 26 August 2010:
(1) For each portfolio area, what were the top ten assets as at 30 June 2010 and what was their value, broken down by specific asset, not asset class.
(2) What were the top ten liabilities as at 30 June 2010 and what was their value, broken down by each specific liability.
Mr Stanhope: The answer to the member’s question is as follows:
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