ACT Local Hospital Network Directorate Controlled Financial Statements for the Year Ended 30 June 2014

ACT Local Hospital Network Directorate Operating Statement For the Year Ended 30 June 2014

 

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The above Operating Statement should be read in conjunction with the accompanying notes. The Directorate only has one output class and as such the above Operating Statement is also the Directorate's Operating Statement for the ACT Local Hospital Network Output Class. A separate disaggregated disclosure note has therefore not been included in these Financial Statements.

The above Operating Statement should be read in conjunction with the accompanying notes. The Directorate only has one output class and as such the above Operating Statement is also the Directorate's Operating Statement for the ACT Local Hospital Network Output Class. A separate disaggregated disclosure note has therefore not been included in these Financial Statements.

a) 'Cross Border Health Costs' payable to New South Wales was classified as 'Other Expenses' in the budget. As actual costs of $23.6 million in 201314 ($15.5 million in 2012-13) are 'Grants and Purchased Services', the actual results have been classified as 'Grants and Purchased Services'.

ACT Local Hospital Network Directorate Balance Sheet as at 30 June 2014

 

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The above Balance Sheet should be read in conjunction with the accompanying notes. The Directorate only has one output class and as such the above Balance Sheet is also the Directorate's Balance Sheet for the ACT Local Hospital Network Output Class. A separate disaggregated disclosure note has therefore not been included in these Financial Statements.

ACT Local Hospital Network Directorate Statement of Changes in Equity for the Year Ended 30 June 2014

 

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The above Statement of Changes in Equity should be read in conjunction with the accompanying notes.

ACT Local Hospital Network Directorate Cash Flow Statement for the Year Ended 30 June 2014

 

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The above Cash Flow Statement should be read in conjunction with the accompanying notes.

ACT Local Hospital Network Directorate Controlled Statement of Appropriation for the Year Ended 30 June 2014

 

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The above Controlled Statement of Appropriation should be read in conjunction with the accompanying notes.

Column Heading Explanations

The Original Budget column shows the amounts that appear in the Cash Flow Statement in the Budget Papers. This amount also appears in the Cash Flow Statement.

The Total Appropriated column is inclusive of all appropriation variations occurring after the Original Budget.

The Appropriation Drawn is the total amount of appropriation received by the Directorate during the year. This amount appears in the Cash Flow Statement.

Variances between 'Original Budget' and 'Total Appropriated'

Government Payment for Outputs

The difference between the Original Budget and Total Appropriated to the Directorate relates to a new Commonwealth agreement 'Public Hospital System - Additional Funding'. The Public Hospital System - Additional Funding was introduced by the Federal Government to offset reductions in the National Health Reform Agreement associated with indexation and population adjustments.

Variances between 'Total Appropriated' and 'Appropriation Draw'

Government Payment for Outputs

The difference between the Total Appropriated and the Appropriation Drawn relates to the timing of payment by the Commonwealth for the new funding agreement 'Public Hospital System - Additional Funding'. The payment was received by the ACT Government on the 27th June 2014 which did not allow enough time for onpassing to the Directorate.