Departmental financial statements

Summary of departmental results

for the year ended 30 June 2007
	Unit	2006/07 Actual	2005/06 Actual	2004/05 Actual
Operating results
Total revenue	$000	535,464	486,469	430,467
Output expenses	$000	532,204	479,654	429,359
Operating surplus before capital charge	$000	13,063	14,459	8,131
Net surplus	$000	3,260	6,815	1,108

Working capital
Liquid ratio		1.51	1.58	1.38
Current ratio		1.57	1.61	1.42

Resource utilisation
Property, plant and equipment (PPE)
As % of total assets		59%	56%	67%
Additions as % of PPE		47%	42%	47%
Taxpayers’ funds
Level at year-end	$000	166,568	130,831	95,892
Taxpayers’ funds as % of total assets		63%	60%	59%

Net cash flows
Surplus/(deficit) from operating activities	$000	52,506	(5,970)	55,690
(Deficit) from investing activities	$000	(72,889)	(49,457)	(50,885)
Surplus from financing activities	$000	28,922	33,831	8,099
Net increase/(decrease) in cash held	$000	8,539	(21,596)	12,904