Page 621 - Week 02 - Thursday, 9 March 2006
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(c) An investment of $1.760m was placed with the Central Financing Unit in May 2005 for the remaining funds associated with the transferred projects, as shown in Note 20 – Investments.
(d) An investment was placed to segregate these funds from the Authority’s daily operating funds.
(5) The receivables valued at $0.613m overdue for more than 60 days consists primarily of two debtors. These two debts were provided for in provision for doubtful debts and have been actively pursued by the Authority.
(6) The doubtful debts provision of $0.568m which is equivalent to approximately 37% of total receivables consists of two large debtors as mentioned in 5.
(7) The payables valued at $0.054m overdue for more than 60 days is due to the Authority exercising due care in ensuring invoices were correct for payment.
(8) The Statement of Financial Performance incorporating actual User Charges of $7.701m is based on the principles of accrual accounting. The Statement of Cash Flows with User Charges of $7.299m is based on cash principles.
(9) The Statement of Financial Performance incorporating actual Other Revenue of $0.717m is based on the principles of accrual accounting. The Statement of Cash Flows with Other Revenue of $0.621m is based on cash principles.
(10) The $0.130m disposal of Property Plant and Equipment as recorded in Note 22 is the retirement of assets that were no longer serviceable and no monetary value was obtained and therefore not recorded as a Cash Inflow from Investing Activities in the Statement of Cash Flows.
Government—ministerial travel
(Question No 832)
Mr Mulcahy asked the Chief Minister, upon notice, on 14 December 2005:
(1) What overseas travel was conducted by each of the Ministers of the ACT Government during 2005;
(2) What was the purpose of each trip;
(3) What was the duration of each trip;
(4) What was the total cost of each trip;
(5) What are the measurable benefits to the ACT of each trip;
(6) What other benefits are seen as due to each trip.
Mr Stanhope: The answer to the member’s question is as follows:
(1) (a) The Chief Minister led a business delegation to Japan, Canada and the USA in June 2005;
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