Statement of Compliance
Statement of Corporate Intent
The TASCORP Board
Chairman’s Report
Chief Executive Officer’s Report
The Tasmanian Economy
Functions and Powers
Commonwealth-State
Financial Relations
Credit Ratings
Additional Statutory Reporting
Global Distribution Group &
Facility Membership
TASCORP Client Listing
Staff
Corporate Governance
Standards
Financial Statements
- Financial Performance
- Financial Position
- Cash Flows
- Note 1: Summary of Accounting Policies
- Note 2: Revenue & Expenses
- Note 3: Profit from Ordinary Activities
- Note 4:Statement of Tax Equivalent
- Note 5: Investments
- Note 6: Advances
- Note 7:Property Plant & Equipment
- Note 8:Other Assets
- Note 9:Deposits
- Note 10: Borrowings
- Note 11: Derivative Financial Instruments
- Note 12: Other Liabilities
- Note 13: General Reserve
- Note 14: Reconciliation of Cash Flows
- Note 15: Net Fair Values
- Note 16a: Credit Risk
- Note 16b; Interest Rate Risk Management
- Note 16c: Foreign Exchange Risk Management
- Note 16d: Liquidity Risk
- Note 17: Liabilities & Commitments
- Note 18: Lease Commitments
- Note 19: Auditor's Remuneration
- Note 20: Directors Remuneration
- Note 21: Superannuation
- Note 22: Related Party Information
- Note 23: Disclosure of Impacts
- Certification Statement
- Independent Audit Report
STATEMENT OF FINANCIAL PERFORMANCE
FOR THE YEAR ENDED 30 June 2004
Note
2003-04
A$’000
2002-03
A$’000
Interest Revenue
2(a)
398,086
403,941
Less: Interest Expense
2(a)
388,104
392,217
Net Interest Margin from ordinary activities
9,982
11,724
Other Revenue from ordinary activities
2(b)
2,953
2,534
Gain/(Loss) on Disposal of Financial Instruments
2(c)
719
(480)
Net Interest and Other Revenue from ordinary activities
13,654
13,778
Less: operating expenses from ordinary activities
Administration Costs
3,950
3,878
Debt Reconstruction Amortisation
52
589
Operating Lease Costs
3(c)
117
114
Options Purchased
318
74
Other Expenses
233
301
Operating Expenditure from ordinary activities
4,670
4,956
Profit from ordinary activities before
Income Tax Equivalent expense
8,984
8,822
Income Tax Equivalent expense relating to ordinary activities
4
(2,695)
(2,647)
Net Profit
6,289
6,175
Retained Profit Brought Forward
0
0
Total Available for Appropriation
6,289
6,175
Transfer to Reserves
13
0
0
Dividend Paid/Payable
1(g)
(6,289)
(6,175)
Closing Balance Retained Earnings
0
0
The accompanying notes form an integral part of these financial statements
