Parks Victoria - Annual Report 2009-10

NOTES TO THE FINANCIAL STATEMENTSFor The Financial Year Ended 30 June 201011 Contracts and External ServicesContracts 55,616 47,088Other External Services 28,432 24,277Total Contracts and External Services 84,048 71,3652010$’0002009$’00012 Other Operating ExpensesMaterials 6,486 5,954Transport 6,792 8,240Payments to Government for Revenue collected from National Parks 7,894 6,293Payments to Local Government, Other Agencies, Community Groups and for Program1,427 1,148Operating CostsInsurance premium 6,331 2,726Payments for works sponsored by external parties 1,619 1,579Other 1,449 1,122Total Other Operating Expenses 31,998 27,06113 Other Economic Flows Included in Net Result(a) Net Gain/(loss) on Non–financial AssetsImpairment of property, plant and equipment (11) (75)(b) Net Gain/(loss) on Financial InstrumentsProvision for doubtful (305) –Reversal of unused provision – 145(c) Other gains/(losses) from other economic flowsNet gain/(loss) arising from revaluation of long service liability (2,485) (1,249)Total Other Economic Flows included in Net Result (2,801) (1,179)14 Cash and deposits – CurrentCash and deposits 36,543 48,593Total cash and deposits 36,543 48,593(a) Risk exposurePark Victoria’s exposure to interest rate risk is discussed in note 33. The maximum exposure to credit risk atthe end of the reporting period is the carrying amount of each class of cash and deposits mentioned above.Parks Victoria - Annual Report 2009-10 75