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Table oF conTenTS
Financial Statements
Accountable officer’s, Chief finance & Accounting officer’s and member of responsible body’s declaration 3
Auditor-General’s Report 4-5
Operating Statement 6
Balance Sheet 7
Statement Of Changes in Equity 8
Cash Flow Statement 9
Notes
1 Statement of Significant Accounting Policies 10-14
2 Revenue 15
2a Analysis of Revenue by Source 16-17
2b Analysis of Expense by Source 18-19
2c Patient and Resident Fees 20
2d Net Gain/(Loss) on Disposal of Non-Current Assets 20
2e Analysis of Expenses by Internal and Restricted Specific Purpose Funds For Services Supported by Hospital & Community Initiatives 20
3 Depreciation and Amortisation 21
4 Cash and Cash Equivalents 21
5 Receivables 22
6 Other Financial Assets 23
7 Inventories 23
8 Other Assets 24
9 Property, Plant and Equipment 24
10 Payables 25
11 Employee Benefits 25
12 Other Liabilities 25
13 Equity & Reserves 26
14 Reconciliation of Net Result for the Year to Net Cash Inflow/(Outflow) from Operating Activities 27
15 Financial Instruments 27-30
16 Commitments 31
17 Segment Reporting 32-33
18 Responsible Persons Related Disclosures 34-35
19 Remuneration of Auditors 35
20 Events Occurring after the Balance Sheet Date 35
Reporting Requirements 36-39
Board member’s, accountable officer’s and chief finance & accounting officer’s declaration
We certify that the attached financial report for Peninsula Health has been prepared in accordance with Standing Direction 4.2 of the Financial Management Act 1994, applicable Financial Reporting Directions, Australian Accounting Standards, Interpretations and other mandatory professional reporting requirements.
We further state that, in our opinion, the information set out in the Operating Statement, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and notes forming part of the financial report, presents fairly the financial transactions during the year ended 30 June 2008 and financial position of Peninsula Health as at 30 June 2008.
We are not aware of any circumstance which would render any particulars included in the financial report to be misleading or inaccurate.
We authorise the attached financial report for issue on this day.
Barry Nicholls David Anderson Darren O’Connor-PriceChairperson Acting Chief Executive Officer Acting Chief Finance Frankston Frankston & Accounting Officer29 August 2008 29 August 2008 Frankston 29 August 2008
Front cover shows from left to right:Successful Youth Employment Scheme participant, Luke Moldrich; participant of Peninsula Health’s Diabetes Education program, Claude D’Angiolollo and his granddaughter Jessica; and a former patient of The Mornington Centre, Jean Shand.
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audiToR-geneRal’S RepoRT
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Peninsula HealthOperating StatementFor the Year Ended 30 June 2008
Note
2008$’000
2007$’000
Revenue from Operating Activities 2 304,272 280,911
Revenue from Non-Operating Activities 2 2,768 3,262
Employee Benefits 2b (230,413) (210,537)Non Salary Labour Costs 2b (5,720) (5,743)Supplies & Consumables 2b (39,558) (37,455)Other Expenses from Continuing Operations 2b (31,207) (28,461)
Net Result Before Capital & Specific Items 142 1,977
Capital Purpose Income 2 4,396 4,513
Depreciation & Amortisation 3 (11,596) (10,511)
NET RESULT FOR THE PERIOD (7,058) (4,021)
This statement should be read in conjunction with the accompanying notes. This statement should be read in conjunction with the accompanying notes.
Peninsula HealthBalance SheetAs at 30 June 2008
Note
2008$’000
2007$’000
ASSETS
Current Assets
Cash and Cash Equivalents 4 20,413 18,430
Other Financial Assets 6 14,911 16,718
Receivables 5 7,860 4,448
Inventories 7 1,145 1,275
Other Current Assets 8 575 599
Total Current Assets 44,904 41,470
Non-Current Assets
Receivables 5 2,810 5,611
Other Financial Assets 6 2,772 3,093
Property, Plant & Equipment 9 194,004 168,572
Total Non-Current Assets 199,586 177,276
TOTAL ASSETS 244,490 218,746
LIABILITIES
Current Liabilities
Payables 10 13,196 15,913
Employee Benefits 11 44,953 40,222
Other Current Liabilities 12 5 5
Total Current Liabilities 58,154 56,140
Non-Current Liabilities
Employee Benefits 11 7,358 6,503
Other Non-Current Liabilities 12 2,428 2,082
Total Non-Current Liabilities 9,786 8,585
TOTAL LIABILITIES 67,940 64,725
NET ASSETS 176,550 154,021
EQUITY
Asset Revaluation Reserve 13a 65,402 44,918
General Purpose Reserve 13a 3,266 3,266
Available for Sale Revaluation Reserve 13a (1,177) 1,772
Contributed Capital 13b 136,571 124,519
Accumulated (Deficits) 13c (27,512) (20,454)
TOTAL EQUITY 13d 176,550 154,021
Commitments for Expenditure 16
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Peninsula HealthStatement Of Changes in EquityFor the Year Ended 30 June 2008
Note
2008$’000
2007$’000
Total equity at the beginning of financial year 154,021 144,822
Effects of changes in accounting policy
Accumulated Surpluses/(Deficits) - -
Asset Revaluation Reserve 20,484 -
Restated total equity at the beginning of the financial year 174,505 144,822
Available for Sale Revaluation Reserve
Gain/ (loss) taken to equity 13a (2,949) 1,780
NET INCOME RECOGNISED DIRECTLY IN EQUITY (2,949) 1,780
Net result for the year (7,058) (4,021)
TOTAL RECOGNISED INCOME AND EXPENSE FOR THE YEAR (10,007) (2,241)
Transactions with the State in its capacity as Owner 12,052 11,440
Total Equity at the end of the financial year 13d 176,550 154,021
Peninsula HealthCash Flow StatementFor the Year Ended 30 June 2008
Note
2008$’000
2007$’000
CASH FLOWS FROM OPERATING ACTIVITIES
Operating Grants from Government 271,743 275,251
Patient and Resident Fees Received 9,534 10,242
Commonwealth Government-Residential Aged Care Subsidy 5,536 4,849
Interest/Dividends Received 2,768 3,051
Other 19,170 16,603
GST received from/(paid to) ATO 4,111 (19,188)
Employee Benefits Paid (231,234) (210,419)
Payments for Supplies & Consumables (77,858) (72,240)
Cash Generated From Operations 3,770 8,149
Capital Grants from Government 3,417 2,525
Capital Grants from Non-Government 276 270
Capital Donations and Bequests Received 500 779
NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES 14 7,963 11,723
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of Property, Plant & Equipment (17,121) (23,283)
Proceeds from Sale of Property, Plant & Equipment 1,330 1,429
Purchase of Investments (5,657) (10,245)
Proceeds from Sale of Investments 4,836 7,499
NET CASH INFLOW/(OUTFLOW) FROM INVESTING ACTIVITIES (16,612) (24,600)
CASH FLOWS FROM FINANCING ACTIVITIES
Contributed Capital From Government 10,632 11,163
NET INCREASE/(DECREASE) IN CASH HELD 1,983 (1,714)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 18,430 20,144
CASH AND CASH EQUIVALENTS AT END OF PERIOD 4 20,413 18,430
This statement should be read in conjunction with the accompanying notes. This statement should be read in conjunction with the accompanying notes.
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Note 1: Statement of Accounting PoliciesStatement of ComplianceThis financial report is a general purpose financial report which has been prepared on an accrual basis in accordance with the Financial Management Act 1994, applicable Australian Accounting Standards (AAS), which includes the Australian accounting standards issued by the Australian Accounting Standards Board (AASB), Interpretations and other mandatory professional requirements.
Basis of PreparationThe financial report is prepared in accordance with the historical cost convention, except for the revaluation of certain non-current assets and financial instruments, as noted. Cost is based on the fair values of the consideration given in exchange for assets.
In the application of AAS management is required to make judgments, estimates and assumptions about carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstance, the results of which form the basis of making the judgments. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
Accounting policies are selected and applied in a manner which ensures that the resulting financial information satisfies the concepts of relevance and reliability, thereby ensuring that the substance of the underlying transactions or other events is reported.
The accounting policies set out below have been applied in preparing the financial report for the year ended 30 June 2008, and the comparative information presented in these financial statements for the year ended 30 June 2007.
(a) Reporting EntityPeninsula Health is a not-for-profit entity and therefore applies the additional Aus paragraphs applicable to “not-for-profit” entities under the AAS.
(b) Rounding of AmountsAll amounts shown in the financial report are expressed to the nearest $1,000 unless otherwise stated.
(c) Cash and Cash EquivalentsCash and cash equivalents comprise cash on hand and cash at bank, deposits at call and highly liquid investments with an original maturity of 3 months or less, which are readily convertible to known amounts of cash and are subject to insignificant risk of changes in value.
For the cash flow statement presentation purposes, cash and cash equivalents includes bank overdrafts, which are included as current borrowings in the balance sheet.
(d) ReceivablesTrade debtors are carried at nominal amounts due and are due for settlement within 30 days from the date of recognition. Collectability of debts is reviewed on an ongoing basis, and debts which are known to be uncollectible are written off. A provision for doubtful debts is raised where doubt as to collection exists. Bad debts are written off when identified. Receivables are recognised initially at fair value and subsequently measured for any impairment.
(e) InventoriesInventories include goods and other property held either for sale or for distribution at no or nominal cost in the ordinary course of business operations. It includes land held for sale and excludes depreciable assets.
Inventories held for distribution are measured at cost, adjusted for any loss of service potential. All other inventories, including land for sale, are measured at the lower of cost and net realisable value.
Bases used in assessing loss of service potential for inventories held for distribution include current replacement cost and technical or functional obsolescence. Technical obsolescence occurs when an item still functions for some or all of the tasks it was originally acquired to do, but no longer matches existing technologies. Functional obsolescence occurs when an item no longer functions the way it did when it was first acquired.
Cost for all other inventory is measured on the basis of weighted average cost.
Inventories acquired for no cost or nominal consideration are measured at current replacement cost at the date of acquisition.
(f) Other Financial AssetsOther financial assets are recognised and derecognised on trade date where purchase or sale of an investment is under a contract whose terms require delivery of the investment within the timeframe established by the market concerned, and are initially measured at fair value, net of transaction costs.
Peninsula Health classifies its other financial assets between current and non-current assets based on the purpose for which the assets were acquired. Management determines the classification of its other financial assets at initial recognition.
Peninsula Health assesses at each balance sheet date whether a financial asset or group of financial assets is impaired.
Peninsula Health classifies its other financial assets as available-for-sale financial assets.
Available-for-sale financial assets.Other financial assets held by the entity are classified as being available-for-sale and are stated at fair value. Gains and losses arising from changes in fair value are recognised directly in equity until the investment is disposed of or is determined to be impaired, at which time the cumulative gain or loss previously recognised in equity is included in profit or loss for the period.
(g) Property, Plant and EquipmentFreehold and Crown Land is measured at fair value with regard to the property’s highest and best use after due consideration is made for any legal or constructive restrictions imposed on the asset, public announcements or commitments made in relation to the intended use of the asset. Theoretical opportunities that may be available in relation to the asset(s) are not taken into account until it is virtually certain that any restrictions will no longer apply.
Buildings are recognised initially at cost and subsequently measured at fair value less accumulated depreciation.
Plant, Equipment and Vehicles are measured at cost less accumulated depreciation and impairment.
(h) Revaluations of Non-current Physical AssetsNon-current physical assets measured at fair value are revalued in accordance with FRD103C. This revaluation process normally occurs every five years, as dictated by timelines in FRD103C which sets the next revaluation
to occur on 30 June 2009, or earlier should there be an indication that fair values are materially different from the carrying value. A Managerial Revaluation occurred at 30th June 2008, in accordance with FRD 103C, and in conjunction with DHS. Revaluation increments or decrements arise from differences between an asset’s carrying value and fair value.
Revaluation increments are credited directly to the asset revaluation reserve, except that, to the extent that an increment reverses a revaluation decrement in respect of that class of asset previously recognised as an expense in net result, the increment is recognised as income in the net result.
Revaluation decrements are recognised immediately as expenses in the net result, except that, to the extent that a credit balance exists in the asset revaluation reserve in respect of the same class of assets, they are debited directly to the asset revaluation reserve.
Revaluation increases and revaluation decreases relating to individual assets within an asset class are offset against one another within that class but are not offset in respect of assets in different classes.
Revaluation reserves are not transferred to accumulated funds on derecognition of the relevant asset.
(i) DepreciationAssets with a cost in excess of $1,000 are capitalised and depreciation has been provided on depreciable assets so as to allocate their cost—or valuation—over their estimated useful lives using the straight-line method. Estimates of the remaining useful lives and depreciation method for all assets are reviewed at least annually. This depreciation charge is not funded by the Department of Human Services.
The following table indicates the expected useful lives of non current assets on which the depreciation charges are based.
2008 2007
Buildings 20 years 20 years
Plant & Equipment 8 to 10 years 8 to 10 years
Communications 2.5 years 2.5 years
Furniture & Fittings 10 years 10 years
Other 4.5 years 4.5 years
(j) Impairment of AssetsIntangible assets with indefinite useful lives are tested annually for impairment (i.e. as to whether their carrying value exceeds their recoverable amount, and so require write downs) and whenever there is an indication that the asset may be impaired. All other assets are assessed annually for indications of impairment, except for:
Inventories; -Assets arising from employee benefits; and -Financial instrument assets -
If there is an indication of impairment, the assets concerned are tested as to whether their carrying value exceeds their possible recoverable amount. Where an asset’s carrying value exceeds its recoverable amount, the difference is written-off by a charge to the operating statement except to the extent that the write-down can be debited to an asset revaluation reserve amount applicable to that class of asset.
It is deemed that, in the event of the loss of an asset, the future economic benefits arising from the use of the asset will be replaced unless a specific decision to the contrary has been made. The recoverable amount for most assets is measured at the higher of depreciated replacement cost and fair value less costs to sell. Recoverable amount for assets held primarily to generate net cash inflows is measured at the higher of the present value of future cash flows expected to be obtained from the asset and fair value less costs to sell.
(k) PayablesThese amounts consist predominantly of liabilities for goods and services.
Payables are initially recognised at fair value, then subsequently carried at amortised cost and represent liabilities for goods and services provided to the Health Service prior to the end of the financial year that are unpaid, and arise when the Health Service becomes obliged to make future payments in respect of purchase of these goods and services.
The normal credit terms are Nett 30 days.
(l) ProvisionsProvisions are recognised when the entity has a present obligation, the future sacrifice of economic benefits is probable, and the amount of the provision can be measured reliably.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at reporting date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows.
(m) Goods and Services TaxIncome, expenses and assets are recognised net of the amount of associated GST, unless the GST incurred is not recoverable from the taxation authority. In this case it is recognised as part of the cost of acquisition of the asset or as part of the expense.
Receivables and payables are stated inclusive of the amount of GST receivable or payable. The net amount of GST recoverable from, or payable to, the taxation authority is included with other receivables or payables in the balance sheet.
Cash flows are presented on a gross basis. The GST components of cash flows arising from investing or financing activities which are recoverable from, or payable to the taxation authority, are presented as operating cash flow.
(n) Employee Benefits
Wages and Salaries, Annual Leave, Sick Leave and Accrued Days Off
Liabilities for wages and salaries, including non-monetary benefits, annual leave, accumulating sick leave and accrued days off expected to be settled within 12 months of the reporting date are recognised in the provision for employee benefits in respect of employee’s services up to the reporting date, classified as current liabilities and measured at nominal values.
Those liabilities that the entity does not expect to settle within 12 months are recognised in the provision for employee benefits as current liabilities, measured at present value of the amounts expected to be paid when the liabilities are settled using the remuneration rate expected to apply at the time of settlement.
Notes to The Financial Reports for the year ended 30 June 2008Notes to The Financial Reports for the year ended 30 June 2008
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Long Service Leave Current Liability – unconditional LSL (representing 10 or more years of continuous service) is disclosed as a current liability even where Peninsula Health does not expect to settle the liability within 12 months because it will not have the unconditional right to defer the settlement of the entitlement should an employee take leave within 12 months.
The components of this current LSL liability are measured at:
present value – component that Peninsula Health does not expect to settle within 12 months; and
nominal value – component that Peninsula Health expects to settle within 12 months.
Non-Current Liability – conditional LSL (representing less than 10 years of continuous service) is disclosed as a non-current liability. There is an unconditional right to defer the settlement of the entitlement until the employee has completed the requisite years of service. Conditional LSL is required to be measured at present value.
Consideration is given to expected future wage and salary levels, experience of employee departures and periods of service. Expected future payments are discounted using interest rates of Commonwealth Government guaranteed securities in Australia.
Superannuation Defined contribution plans Contributions to defined contribution superannuation plans are expenses when incurred.
Defined benefit plans The amount charged to the Operating Statement in respect of defined benefit superannuation plans represents the contributions made by the entity to the superannuation plan in respect of the services of current entity staff. Superannuation contributions are made to the plans based on the relevant rules of each plan.
Employees of Peninsula Health are entitled to receive superannuation benefits and Peninsula Health contributes to both the defined benefit and defined contribution plans.
The defined benefit plan(s) provide benefits based on years of service and final average salary.
The name and details of major employee superannuation funds and contributions made by Peninsula Health are as follows:
Fund Contributions Paid or Payable for the year
2008 2007
$’000 $’000
Defined benefit plans:
Hospital Superannuation Fund 869 970Government Superannuation Office
268 237
Defined contribution plans :
Hospital Superannuation Fund 12,704 12,820
Other Funds 5,057 4,147
Peninsula Health does not recognise any defined benefit liability in respect of the superannuation plans because the entity has no legal or constructive obligation to pay future benefits relating to its employees; its only obligation is to pay superannuation contributions as they fall due.
The Department of Treasury and Finance administers and discloses the State’s defined benefit liabilities in its financial report.
Termination BenefitsLiabilities for termination benefits are recognised when a detailed plan for the termination has been developed and a valid expectation has been raised with those employees affected that the terminations will be carried out. The liabilities for termination benefits are recognised in other creditors unless the amount or timing of the payment is uncertain, in which case they are recognised as a provision.
On-CostsEmployee benefits on-costs (payroll tax, workers compensation, superannuation, annual leave and LSL accrued while on LSL taken in service) are recognised separately from provision of employee benefits.
(o) Residential Aged Care ServicePeninsula Health operates 4 residential aged care facilities:Carinya Residential Aged Care Unit, FrankstonMichael Court Hostel, SeafordJean Turner Community Nursing Home, RosebudLotus Lodge Hostel, Rosebud
These operations are an integral part of Peninsula Health and share its resources. Where applicable, an apportionment of land and buildings has been made based on floor space. The results of these operations have been segregated based on actual revenue earned and expenditure incurred.
The Commonwealth Government regulates and partly funds the provision of Residential Aged Care Services.
(p) Intersegment TransactionsTransactions between segments within Peninsula Health have been eliminated to reflect the extent of Peninsula Health’s operations as a group. Segment details are reported in note 17.
(q) LeasesOperating lease payments are representative of the pattern of benefits derived from the leased assets and accordingly are expensed in the periods in which they are incurred.
(r) Income RecognitionIncome is recognised in accordance with AASB 118 Revenue and is recognised as to the extent it is earned. Unearned income at reporting date is reported as income received in advance.
Amounts disclosed as revenue are, where applicable, net of returns, allowances and duties and taxes.
Government GrantsGrants are recognised as income when the entity gains control of the underlying assets in accordance with AASB 1004 Contributions. For reciprocal grants, Peninsula Health is deemed to have assumed control when the performance has occurred under the grant. For non-reciprocal grants, Peninsula Health is deemed to have assumed control when the grant is received or receivable. Conditional grants may be reciprocal or non-reciprocal depending on the terms of the grant.
Indirect ContributionsInsurance is recognised as revenue following advice from the Department of Human Services.
Long Service Leave (LSL) – Revenue is recognised upon finalisation of movements in LSL liability in line with the arrangements set out in the Acute Health Division Hospital Circular 13/2008.
Patient and Resident FeesPatient fees are recognised as revenue at the time invoices are raised.
Private Practice FeesPrivate practice fees are recognised as revenue at the time invoices are raised.
Donations and other BequestsDonations and bequests are recognised as revenue when received. If donations are for a special purpose, they may be appropriated to a reserve, such as specific restricted purpose reserve.
Dividend RevenueDividend revenue is recognised on a receivable basis.
Interest RevenueInterest revenue is recognised on a time proportionate basis that takes into account the effective yield of the financial asset.
(s) Fund AccountingPeninsula Health operates on a fund accounting basis and maintains three funds: Operating, Specific Purpose and Capital Funds. Peninsula Health’s Capital and Specific Purpose Funds include unspent capital donations and receipts from fund-raising activities conducted solely in respect of these funds.
(t) Services Supported By Health Services Agreement and Services Supported By Hospital and Community InitiativesActivities classified as Services Supported by Health Services Agreement (HSA) are substantially funded by the Department of Human Services and include Residential Aged Care Services (RACS), and are also funded from other sources such as the Commonwealth, patients and residents, while Services Supported by Hospital and Community Initiatives (Non HSA) are funded by the Health Service’s own activities or local initiatives and/or the Commonwealth.
(u) Asset Revaluation ReserveThe asset revaluation reserve is used to record increments and decrements on the revaluation of non-current assets.
(v) Available-for-Sale Revaluation ReserveThe available-for- sale revaluation reserve arises on the revaluation of available-for–sale financial assets. Where a revalued financial asset is sold that portion of the reserve which relates to that financial asset, and is effectively realised, is recognised in the Operating Statement. Where a revalued financial asset is impaired that portion of the reserve which relates to that financial asset is recognised in the Operating Statement.
(w) General Purpose ReservesGeneral purpose reserves are created to notionally record special purpose fund balances that are substantially controlled by Peninsula Health.
(x) Specific Restricted Purpose ReserveA specific restricted purpose reserve is established where the entity has possession or title to the funds but has no discretion to amend or vary the restriction and/or condition underlying the funds received.
(y) Contributed capitalConsistent with the Interpretation 1038 Contributions by Owners Made to Wholly-Owned Public Sector Entities and FRD 2A Contributions by Owners, appropriations for additions to the net asset base have been designated as contributed capital. Other transfers that are in the nature of contributions or distributions, that have been designated as contributed capital are also treated as contributed capital.
(z) Net Result before Capital & Specific Items The subtotal entitled ‘Net Result Before Capital & Specific Items’ is included in the Operating Statement to enhance the understanding of the financial performance of Peninsula Health. This subtotal reports the result excluding items such as capital grants, assets received or provided free of charge, depreciation, and items of unusual nature and amount such as specific revenues and expenses. The exclusion of these items is made to enhance matching of income and expenses so as to facilitate the comparability and consistency of results between years and Victorian Public Health Services. The Net Result Before Capital & Specific Items is used by the management of Peninsula Health, the Department of Human Services and the Victorian Government to measure the ongoing result of Health Services in operating hospital services.
Capital and specific items, which are excluded from this sub-total, comprise:
Capital purpose income, which comprises all tied grants, •donations and bequests received for the purpose of acquiring non-current assets, such as capital works, plant and equipment or intangible assets. It also includes donations of plant and equipment. Consequently the recognition of revenue as capital purpose income is based on the intention of the provider of the revenue at the time the revenue is provided.
Specific income/expense, comprises the following items, •where material:
V - oluntary departure packages Write-down of inventories -Non-current asset revaluation increments/ -decrements Diminution in investments -Restructuring of operations (disaggregation/ -aggregation of Health Services) Litigation settlements -Non-current assets lost or found -Forgiveness of loans -Reversals of provisions -Voluntary changes in accounting policies (which -are not required by an accounting standard or other authoritative pronouncement of the Australian Accounting Standards Board)
Impairment of non current assets, includes all •impairment losses (and reversal of previous impairment losses), related to non current assets only which have been recognised in accordance with note 1 (j)
Depreciation and amortisation, as described in note 1 (i) •
Assets provided or received free of charge•
Expenditure using capital purpose income, comprises •expenditure which either falls below the asset capitalisation threshold (note 1 (i), or doesn’t meet asset recognition criteria and therefore does not result in the recognition of an asset in the balance sheet, where funding for that expenditure is from capital purpose income
(aa) Functional and Presentation CurrencyThe presentation currency of Peninsula Health is the Australian dollar, which has also been identified as the functional currency of the entity.
Notes to The Financial Reports for the year ended 30 June 2008 Notes to The Financial Reports for the year ended 30 June 2008
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(ab) Comparative InformationWhere necessary the previous year’s figures have been reclassified to facilitate comparisons.
(ac) Category GroupsPeninsula Health has used the following category groups for reporting purposes for the current and previous financial years.
Acute Care comprises all recurrent health revenue/ expenditure on admitted patient services, where services are delivered in public hospitals, or free standing day hospital facilities, or palliative care facilities, or rehabilitation facilities. It also includes outpatient services and revenue/ expenditure on emergency department services that are available free of charge to public patients.
Mental Health comprises all recurrent health revenue/ expenditure on specialised mental health services (child and adolescent, general adult and community) managed or funded by the state administrations, and includes: Admitted patient services, outpatient services, community based services and ambulatory services.
Residential Aged Care comprises all recurrent revenue/ expenditure on residential aged care facilities. This includes high level and low level residential care.
Residential Aged Care-Mental Health comprises all recurrent revenue/ expenditure on psychogeriatric residential services. These services include Commonwealth-licensed residential aged care facilities in receipt of supplementary funding from DHS under the mental health program. It excludes all other residential services funded under the mental health program, such as mental health-funded community care units.
Aged Care comprises revenue/ expenditure from Home and Community Care (HACC) programs, Allied Health, Aged Care Assessment and support services.
Primary Health comprises revenue/ expenditure for Community Health Services including health promotion and counseling, physiotherapy, speech therapy, podiatry and occupational therapy.
(ad) New Accounting Standards and Interpretations Certain new accounting standards and interpretations have been published that are not mandatory for 30 June 2008 reporting period. As at 30 June 2008, the following standards and interpretations had been issued but were not mandatory for financial year ending 30 June 2008. Peninsula Health has not and does not intend to adopt these standards early.
Standard / Interpretation
Summary Applicable for reporting periods beginning on or ending on
Impact on Health Service’s Annual Statements
AASB 2007-2 Amendments to Australian Accounting Standards arising from AASB Interpretation 12
Amendments arise from the release in February 2007 of Interpretation 12 Service Concessional Arrangements.
Beginning 1 July 2008
The impact of any changes that may be required cannot be reliably estimated and is not disclosed in the financial report
AASB 8 Operating Segments
Supersedes AASB 114 Segment Reporting
Beginning 1 January 2009
Not applicable
AASB 2007-3 Amendments to Australian Accounting Standards arising from AASB8 (AASB 5, AASB 6, AASB 102, AASB 107, AASB 119, AASB 127, AASB 134, AASB 136, AASB 1023 and AASB 1038)
An accompanying amending standard, also introduced consequential amendments into other Standards.
Beginning 1 January 2009
Impact expected to be not significant.
AASB 2007-6 Amendments to Australian Accounting Standards arising from AASB 123 (AASB 1, AASB 101, AASB 107, AASB 111, AASB 116 & AASB 138 and interpretations 1 & 12)
Option to expense borrowing cost related to a qualifying asset has been removed. Entities are now required to capitalise borrowing costs relevant to qualifying assets.
Beginning 1 January 2009
All Australian government jurisdictions are currently still actively pursuing an exemption for government from capitalising borrowing costs.
AASB 2007-8 Amendments to Australian Accounting Standards arising from AASB 101
Editorial amendments to Australian Accounting Standards to align with IFRS terminology
Beginning 1 January 2009
Impact expected to be not significant
Interpretation 12 Service Concession Agreements
Amendments arising from the release of AASB 2007-6
Beginning on 1 January 2009
Impact expected to be not significant
AASB 1004 (Revised) Contributions
Relocation of requirements on contributions from AASs 27, 29, and 31 into AASB 1004.
Beginning on 1 July 2008
Impact expected to be not significant
AASB 1050 Administered Items
Relocation of the requirements for the disclosure of administered items from AAS 29 into a new topic based Standard.
Beginning on 1 July 2008
Impact expected to be not significant
AASB 1051 Land Under Roads
Relocation of the requirements for disclosure into a new topic based Standard.
Beginning on 1 July 2008
Impact expected to be not significant
AASB 1052 Disaggregated Disclosures
Relocation of the requirements relating to reporting of disaggregated information from AAS 27 and AAS 29, into a new topic based Standard.
Beginning on 1 July 2008
Impact expected to be not significant
Interpretation 1038 (Revised) Contributions by Owners Made to Wholly-Owned Public Sector Entities
Relocation of the requirements on contributions from AASs 27, 29 and 31, into AASB 1004
Beginning on 1 July 2007
Impact expected to be not significant
AASB 2007-9 Amendments to Australian Accounting Standards arising from the Review of AASs 27, 29 and 31 (AASB 3, AASB 5, AASB 8, AASB 101, AASB 114, AASB 116, AASB 127 & AASB 137)
Relocation of certain relevant requirements from AASs 27, 29 and 31, into existing topic based Standards. In particular, this Standard addresses:(a) the notion of reporting entity as it applies to local governments, governments and government departments;(b) restructures of local governments;(c) infrastructure, cultural, community and heritage assets;(d) control in the public sector; and(e) obligations arising from local government and government existing public policies, budget policies, election promises or statements of intent. This Standard also makes consequential amendments, arising from the short term review of the requirements in AASs 27, 29 and 31 to AASB 5, AASB 8, AASB 101 and AASB 114.
Beginning on 1 July 2008
Impact expected to be not significant
Note 2: RevenueHSA2008$’000
HSA2007$’000
Non HSA2008$’000
Non HSA2007$’000
Total2008$’000
Total2007$’000
Revenue from Operating Activities
Government Grants
- Department of Human Services 264,530 244,004 - - 264,530 244,004
- Dental Health Services Victoria 2,327 1,953 - - 2,327 1,953
State Government - Other
- Equipment and Infrastructure Maintenance 1,078 1,043 - - 1,078 1,043
Commonwealth Government
- Residential Aged Care Subsidy 5,536 4,849 - - 5,536 4,849
- Other 3,836 3,022 - - 3,836 3,022 Total Government Grants 277,307 254,871 - - 277,307 254,871
Total Indirect Contributions by Department of Human Services 3,066 3,742 - 3,066 3,742
Patient & Resident Fees
-Patient and Resident Fees (refer note 2c) 9,384 9,140 - - 9,384 9,140
-Residential Aged Care (refer note 2c) 1,384 1,445 - 1,384 1,445
Total Patient & Resident Fees 10,768 10,585 - - 10,768 10,585
Business Units & Specific Purpose Funds
-Thoracic Medicine - - 449 257 449 257
-CT Scan - - 466 489 466 489
-Echo cardiology/Angiography - - 782 657 782 657
-Audiology - - 49 44 49 44
-Sleep Laboratory - - 512 305 512 305
-Property Rental - - 137 133 137 133
-Cafeteria - - 675 391 675 391
-Car Park/Staff Car Rentals - - 676 682 676 682
-Radiology - - 802 808 802 808
-Other Special Purpose Funds - - 2,899 2,519 2,899 2,519
Total Business Units & Specific Purpose Funds 7,447 6,285 7,447 6,285
Donations & Bequests - - 543 239 543 239
Recoupment from Private Practice for Use of Hospital Facilities
141 171 - - 141 171
Other 5,000 5,018 - - 5,000 5,018
Sub-Total Revenue from Operating Activities 296,282 274,387 7,990 6,524 304,272 280,911
Revenue from Non-Operating Activities
Interest/Dividends - - 2,768 3,262 2,768 3,262
Sub-Total Revenue from Non-Operating Activities - - 2,768 3,262 2,768 3,262
Sub Total Revenue Operating & Non Operating Activities 296,282 274,387 10,758 9,786 307,040 284,173
Revenue From Capital Purpose Income
State Government Capital Grants
- Targeted Capital Works and Equipment - - 3,084 2,921 3,084 2,921
- Equipment and Infrastructure - - 333 460 333 460
Commonwealth Government Capital Grants - - - - - -
Net Gain/(Loss) on Disposal of Non-Current Assets - - 202 83 202 83
Donations & Bequests - - 777 1,049 777 1,049
Sub-Total Revenue from Capital Purpose Income - - 4,396 4,513 4,396 4,513
Total Revenue from Continuing Operations (refer to note 2a) 296,282 274,387 15,154 14,299 311,436 288,686
Indirect contributions by Department of Human Services:Department of Human Services makes certain payments on behalf of Peninsula Health. These amounts have been broughtto account in determining the operating result for the year by recording them as revenue and expenses
Notes to The Financial Reports for the year ended 30 June 2008 Notes to The Financial Reports for the year ended 30 June 2008
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Note 2a: Analysis of Revenue by Source
AcuteCare2008$’000
AcuteCare2007$’000
MentalHealth
2008$’000
MentalHealth
2007$’000
ResidentialAged Care
2008$’000
ResidentialAged Care
2007$’000
ResidentialAged Care-Mental Hth
2008$’000
ResidentialAged Care-Mental Hth
2007$’000
AgedCare2008$’000
AgedCare2007$’000
PrimaryHealth
2008$’000
PrimaryHealth
2007$’000
Total2008$’000
Total2007$’000
Revenue from Services Supported by Health Services Agreement
Government grants
- Department of Human Services 219,629 201,336 23,954 22,228 817 825 1,433 1,381 10,303 9,904 7,490 7,090 263,626 242,764
- Dental Health Services Victoria - - - - - - - - - - 2,327 1,953 2,327 1,953
- Residential Aged Care Subsidy - - - - 3,603 3,072 1,933 1,777 - - - - 5,536 4,849
- Other 3,836 3,022 - - - - - - - - - - 3,836 3,022
Indirect contributions by Human Services
- Insurance 3,066 3,742 - - - - - - - - - - 3,066 3,742
- Long Service Leave 1,586 1,839 297 338 - - - - - - 99 106 1,982 2,283
Patient and Resident Fees (refer note 2c) 9,385 9,140 - - 797 869 586 576 - - - - 10,768 10,585
Recoupment from Private Practice for Use of Hospital Facilities 141 171 - - - - - - - - - - 141 171
Other 2,438 2,423 347 254 - - - - 925 1,276 1,290 1,065 5,000 5,018
Sub-Total Revenue from Services Supported by Health Services Agreement
240,081 221,673 24,598 22,820 5,217 4,766 3,952 3,734 11,228 11,180 11,206 10,214 296,282 274,387
Revenue from Services Supported by Hospital and Community Initiatives
Business Units
Thoracic Medicine 449 257 - - - - - - - - - - 449 257
CT Scan 466 489 - - - - - - - - - - 466 489
Echo cardiology/Angiography 782 657 - - - - - - - - - - 782 657
Audiology 49 44 - - - - - - - - - - 49 44
Sleep Laboratory 512 305 - - - - - - - - - - 512 305
Property Rental 137 133 - - - - - - - - - - 137 133
Cafeteria 675 391 - - - - - - - - - - 675 391
Car Park/Staff Car Rentals 676 682 - - - - - - - - - - 676 682
Radiology 802 808 - - - - - - - - - - 802 808
Other Special Purpose Funds 2,899 2,519 - - - - - - - - - - 2,899 2,519
Other Activities (refer note 2)
Capital Purpose Income 4,194 4,430 - - - - - - - - - - 4,194 4,430
Net Gain/(Loss) from Disposal of Non Current Assets 202 83 - - - - - - - - - - 202 83
Donations & Bequests 543 239 - - - - - - - - - - 543 239
Interest/dividends 2,768 3,238 - - - 24 - - - - - - 2,768 3,262
Sub-Total Revenue from Services Supported by Hospital and Community Initiatives
15,154 14,275 - - - 24 - - - - - - 15,154 14,299
Total Revenue 255,235 235,948 24,598 22,820 5,217 4,790 3,952 3,734 11,228 11,180 11,206 10,214 311,436 288,686
Indirect contributions by Department of Human Services:Department of Human Services makes certain payments on behalf of Peninsula Health. These amounts have been brought to account in determining the operating result for the year by recording them as revenue and expenses.
Notes to The Financial Reports for the year ended 30 June 2008 Notes to The Financial Reports for the year ended 30 June 2008
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Note 2b: Analysis of Expenses by Source Acute
Care2008$’000
AcuteCare2007$’000
MentalHealth
2008$’000
MentalHealth
2007$’000
ResidentialAged Care
2008$’000
ResidentialAged Care
2007$’000
ResidentialAged Care-Mental Hth
2008$’000
ResidentialAged Care-Mental Hth
2007$’000
AgedCare2008$’000
AgedCare2007$’000
PrimaryHealth
2008$’000
PrimaryHealth
2007$’000
Total2008$’000
Total2007$’000
Services Supported by Health Services AgreementEmployee Benefits
-Salaries & Wages 159,292 145,730 18,386 17,095 5,281 5,044 4,797 4,272 4,420 3,741 7,276 6,202 199,452 182,084 -WorkCover 3,506 2,834 519 486 - - - - 59 49 154 157 4,238 3,526 -Long Service Leave 4,387 4,311 431 405 - - - - 62 61 161 211 5,041 4,988 -Superannuation 14,678 13,623 1,557 1,513 332 352 316 250 408 361 641 565 17,932 16,664 Total Employee Benefits 181,863 166,498 20,893 19,499 5,613 5,396 5,113 4,522 4,949 4,212 8,232 7,135 226,663 207,262
Non Salary Labour Costs-Agency Costs 4,057 4,196 424 205 472 329 222 353 544 654 1 6 5,720 5,743 Total Non Salary Labour Costs 4,057 4,196 424 205 472 329 222 353 544 654 1 6 5,720 5,743
Supplies & Consumables-Drug Supplies 9,359 8,653 264 295 7 9 24 20 - - 5 4 9,659 8,981 -S100 Drugs 3,664 3,243 - - - - - - - - - - 3,664 3,243 -Medical, Surgical Supplies and Prosthesis 12,055 11,995 40 40 73 77 43 51 722 606 153 156 13,086 12,925 -Diagnostic Services 7,930 7,704 96 93 5 6 5 1 - - 7 5 8,043 7,809 -Food Supplies 2,332 2,119 519 487 427 352 203 254 7 4 26 26 3,514 3,242 Total Supplies & Consumables 35,340 33,714 919 915 512 444 275 326 729 610 191 191 37,966 36,200
Other Expenses-Domestic Services & Supplies 3,625 3,606 126 134 161 169 102 116 8 7 19 26 4,041 4,058 -Fuel, Light, Power and Water 1,357 1,391 139 125 - - 28 15 3 3 - - 1,527 1,534 -Insurance costs funded by DHS 3,066 3,742 - - - - - - - - - - 3,066 3,742 -Motor Vehicle Expenses 508 486 163 186 - - 13 - 8 7 126 115 818 794 -Repairs & Maintenance 2,426 2,425 220 208 345 331 75 21 973 602 144 139 4,183 3,726 -Maintenance Contracts 1,395 1,514 21 16 38 49 6 1 61 53 13 14 1,534 1,647 -Patient Transport 1,744 1,652 30 28 - - - - - - 3 3 1,777 1,683 -Bad & Doubtful Debts 265 328 - - - - - - - - - - 265 328 -Other Administrative Expenses 8,151 6,018 1,664 1,614 82 69 83 51 553 501 1,977 1,485 12,510 9,738 Total Other Expenses 22,537 21,162 2,363 2,311 626 618 307 204 1,606 1,173 2,282 1,782 29,721 27,250
Sub-Total Expenses from Services Supported by Health Services Agreement 243,797 225,570 24,599 22,930 7,223 6,787 5,917 5,405 7,828 6,649 10,706 9,114 300,070 276,455
Services Supported by Hospital and Community Initiatives Employee Benefits
-Salaries & Wages 3,488 3,048 - - - - - - - - - - 3,488 3,048 -WorkCover - - - - - - - - - - - - - - -Superannuation 262 227 - - - - - - - - - - 262 227 Total Employee Benefits 3,750 3,275 - - - - - - - - - - 3,750 3,275
Supplies & Consumables - - -Drug Supplies 157 120 - - - - - - - - - - 157 120 -Medical, Surgical Supplies and Prosthesis 370 224 - - - - - - - - - - 370 224 -Diagnostic Services 499 528 - - - - - - - - - - 499 528 -Food Supplies 566 383 - - - - - - - - - - 566 383 Total Supplies & Consumables 1,592 1,255 - - - - - - - - - - 1,592 1,255
Other Expenses - - -Domestic Services & Supplies 94 34 - - - - - - - - - - 94 34 -Fuel, Light, Power and Water 8 8 - - - - - - - - - - 8 8 -Repairs & Maintenance 346 276 - - - - - - - - - - 346 276 -Other Administrative Expenses 958 814 - - - - - - - - - - 958 814 Total Other Expenses 1,406 1,132 - - - - - - - - - - 1,406 1,132
Sub-Total Expense from Services Supported by Hospital and Community Initiatives
6,748 5,662 - - - - - - - - - - 6,748 5,662
Depreciation (refer note 3) 11,596 10,511 - - - - - - - - - - 11,596 10,511 Audit Fees -Auditor-General (refer note 19) 80 79 - - - - - - - - - - 80 79
Total Expenses from Continuing Operations 262,221 241,822 24,599 22,930 7,223 6,787 5,917 5,405 7,828 6,649 10,706 9,114 318,494 292,707
Notes to The Financial Reports for the year ended 30 June 2008 Notes to The Financial Reports for the year ended 30 June 2008
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Note 2c: Patient and Resident Fees2008$’000
2007$’000
Patient and Resident Fees Raised
Recurrent:Acute– Inpatients 8,898 8,854 – Outpatients 260 286 Residential Aged Care– Generic 389 360 – Psychogeriatric 587 576 – Hostel 408 509 Other 226 -
Total Recurrent 10,768 10,585
Capital Purpose:
Residential Accommodation Payments(*) 166 144
Total Capital 166 144
(*) This includes accommodation charges, interest earned on accommodation bonds and retention amount.
Note 2d: Net Gain/(Loss) on Disposal of Non-Current Assets2008$’000
2007$’000
Proceeds from Disposals of Non-Current AssetsPlant & Equipment 7 3 Furniture & Fittings - 3 Motor Vehicles 1,323 1,423
Total Proceeds from Disposal of Non-Current Assets 1,330 1,429
Less: Written Down Value of Non-Current Assets SoldPlant & Equipment 11 - Furniture & Fittings 4 3 Motor Vehicles 1,113 1,343
Total Written Down Value of Non-Current Assets Sold 1,128 1,346
Net gains/(losses) on disposal of Non-Current Assets 202 83
Note 2e: Analysis of Expenses by Internal and Restricted Specific Purpose Funds For Services Supported by Hospital and Community Initiatives
2008$’000
2007$’000
Thoracic Medicine 309 304 CT Scan 435 459 Echo cardiology/Angiography 805 666 Audiology 31 20 Sleep Laboratory 546 410 Cafeteria 924 636 Car Park/Staff Car Rentals 342 355 Radiology 251 263 Other-Special Purpose Funds 2,898 2,549
TOTAL 6,541 5,662
Note 3: Depreciation2008$’000
2007$’000
Depreciation
Buildings 6,051 5,345
Plant & Equipment
– Other Equipment 2,752 2,409
Furniture and Equipment 1,701 1,697
Motor Vehicles 1,092 1,060
Total Depreciation 11,596 10,511
Note 4: Cash and Cash Equivalents
For the purposes of the Cash Flow Statement, cash assets includes cash on hand and in banks, and short-term deposits which are readily convertible to cash on hand, and are subject to an insignificant risk of change in value, net of outstanding bank overdrafts.
2008$’000
2007$’000
Cash on Hand 18 15
Cash at Bank 1,623 1,166
Overnight at Call and Bank Bills 18,772 17,249
TOTAL 20,413 18,430
Represented by:
Cash for Health Service Operations (as per Cash Flow Statement) 20,408 18,425
Cash for Monies Held in Trust
- Cash at Bank 5 5
TOTAL 20,413 18,430
Notes to The Financial Reports for the year ended 30 June 2008 Notes to The Financial Reports for the year ended 30 June 2008
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Note 5: Receivables
2008$’000
2007$’000
CURRENT
Inter Hospital Debtors 693 460
Trade Debtors 2,646 2,094
Patient Fees 3,327 2,039
Accrued Investment Income 168 105
GST Receivable 1,326 -
TOTAL 8,160 4,698
LESS Provision for Doubtful Debts
Inter Hospital Debtors 167 167
Trade Debtors 44 40
Patient Fees 89 43
TOTAL CURRENT RECEIVABLES 7,860 4,448
NON CURRENT
DHS – Long Service Leave 2,810 5,611
TOTAL NON-CURRENT RECEIVABLES 2,810 5,611
TOTAL RECEIVABLES 10,670 10,059
BAD AND DOUBTFUL DEBTS
Patient Fees 172 268
Trade Debtors 93 61
TOTAL 265 328
(a) Movement in Allowance for Doubtful Debts
2008$’000
2007$’000
Balance at beginning of year 250 225
Amounts written off during the year (235) (303)
Amounts recovered during the year 20 17
Increase/(decrease) in allowance recognised in profit or loss 265 311
Balance at end of year 300 250
(b) Aging analysis of receivablesPlease refer to note 15d for the aging analysis of receivables
(c) Nature and extent of risk arising from receivablesPlease refer to note 15f for the nature and extent of credit risk from receivables
Note 6: Other Financial Assets
Total2008$’000
Total2007$’000
CURRENT
Available for sale at Fair Value
Hybrid Securities 5,640 6,614
Direct Equity-Shares 9,271 10,104
Total Current 14,911 16,718
NON-CURRENT
Available for sale at Fair Value
Hybrid Securities 2,772 3,093
Total Non Current 2,772 3,093
TOTAL 17,683 19,811
Represented by:
Health Service Investments 17,683 19,811
TOTAL 17,683 19,811
(a) Aging analysis of other financial assets
Please refer to note 15d for the aging analysis of other financial assets
(b) Nature and extent of risk arising from other financial assets
Please refer to note 15f for the nature and extent of credit risk arising from other financial assets
Note 7: Inventories2008$’000
2007$’000
Pharmaceuticals - at cost 814 900
Catering Supplies - at cost 26 40
Housekeeping Supplies - at cost 29 12
Medical and Surgical Lines - at cost 241 297
Engineering Stores - at cost 11 11
Administration Stores - at cost 24 15
TOTAL INVENTORIES 1,145 1, 275
Notes to The Financial Reports for the year ended 30 June 2008 Notes to The Financial Reports for the year ended 30 June 2008
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Note 8: Other Assets2008$’000
2007$’000
CURRENTPrepayments 575 599 TOTAL 575 599
Note 9: Property, Plant & Equipment2008$’000
2007$’000
Land- Land at Valuation * 40,756 32,200 Total Land 40,756 32,200
Buildings- Buildings under construction 3,158 20,087
- Buildings at Cost 31,440 6,520 Less Accumulated Depreciation 1,368 396
30,072 6,124 - Buildings at Valuation * 113,511 101,583 Less Accumulated Depreciation 20,316 15,237
93,195 86,346 Total Buildings 126,425 112,557
Plant and Equipment at Cost- Major Medical 37,507 40,183 Less Accumulated Depreciation 16,814 21,099 Total Plant and Equipment 20,693 19,084
Furniture and Fittings at Cost- Furniture and Fittings 3,394 7,377 Less Accumulated Depreciation 583 6,224 Total Furniture and Fittings 2,811 1,153
Motor Vehicles at Cost- Motor Vehicles 5,134 5,031 Less Accumulated Depreciation 1,815 1,453 Total Motor Vehicles 3,319 3,578
TOTAL 194,004 168,572
* A Managerial revaluation of Land and Buildings was undertaken at 30th June 2008. This was completed in conjunction with DHS using indices supplied by DHS within the FRD 103C format.
Note 10: Payables2008$’000
2007$’000
CURRENTTrade Creditors 4,833 7,936 Sundry Creditor DHS 1,000 - Accrued Expenses 7,363 6,363 GST Payable - 1,614 TOTAL 13,196 15,913
(a) Maturity analysis of payables
Please refer to Note 15e for the aging analysis of payables
(b) Nature and extent of risk arising from payables
Please refer to note 15f for the nature and extent of risks arising from payables
Land$’000
Buildings$’000
Plant &Equipment
$’000
Furniture &Fittings
$’000
MotorVehicles
$’000
Total$’000
Balance at 1 July 2006 32,200 101,726 16,287 1,172 3,536 154,921 Additions - 16,176 5,690 1,898 2,446 26,210 Disposals - - (484) (220) (1,344) (2,048)Depreciation (note 3) - (5,345) (2,409) (1,697) (1,060) (10,511)Balance at 30 June 2007 32,200 112,557 19,084 1,153 3,578 168,572 Additions - 8,379 4,259 3,520 1,946 18,104 Disposals - - (260) (187) (1,113) (1,560)Net Additions through restructuring - (388) 362 26 - - Revaluation increments/(decrements) 8,556 11,928 - - - 20,484 Depreciation (note 3) - (6,051) (2,752) (1,701) (1,092) (11,596)Balance at 30 June 2008 40,756 126,425 20,693 2,811 3,319 194,004
Notes to The Financial Reports for the year ended 30 June 2008 Notes to The Financial Reports for the year ended 30 June 2008
Note 11: Employee Benefits2008$’000
2007$’000
CURRENTUnconditional Long Service Leave Entitlements 19,501 17,992 Accrued Wages and Salaries 6,891 5,121 Annual Leave 17,791 16,409 Accrued Days Off 770 700 TOTAL 44,953 40,222
Current Employee Benefits that:Expected to be utilised within 12 months ( nominal value) 25,852 24,411 Expected to be utilised after 12 months (present value) 19,113 15,811
44,965 40,222 NON CURRENTConditional Long Service Leave Entitlements (present value) 7,358 6,503 TOTAL 7,358 6,503
Movement in Long Service Leave:Balance at start of year 24,495 22,211 Provision made during the year 5,041 4,987 Settlement made during the year 2,677 2,703 Balance at end of year 26,859 24,495 *The following assumptions were adopted in measuring present value:- Weighted average discount rates 6.67% 6.36%- Wage inflation rate 4.75% 4.50%
Note 12: Other Liabilities2008$’000
2007$’000
CURRENTTrust Funds*- Patient Monies held in Trust 5 5
5 5 NON CURRENT- Refundable Entrance Fees 2,428 2,082
2,428 2,082 * Total Trust FundsRepresented by the following assets:Cash Assets Held in Trust (refer to Note 4) 5 5 Other Financial Assets Held at Trust (refer to Note 6) 2,428 2,082 TOTAL 2,433 2,087
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Note 13: Equity & Reserves2008$’000
2007$’000
(a) Reserves
Asset Revaluation Reserve
Balance at the beginning of the reporting period 44,918 44,918
Revaluation Increment/(Decrements) 20,484 -
* Balance at the end of the reporting period 65,402 44,918
* Represented by:
- Land 32,775 24,219
- Buildings 32,627 20,699
65,402 44,918
General Purpose Reserve
Balance at the beginning of the reporting period 3,266 3,266
Transfer to and from General Reserve: - -
Balance at the end of the reporting period 3,266 3,266
Available for Sale Revaluation Reserve
Balance at the beginning of the period 1,772 (8)
Valuation gain/(loss) recognised (2,949) 1,780
Balance at end of reporting period (1,177) 1,772
Total Reserves 67,491 49,956
(b) Contributed Capital
Balance at the beginning of the reporting period 124,519 113,079
Capital Contribution received from Victorian Government 12,052 11,440
Balance at the end of the reporting period 136,571 124,519
(c) Accumulated Surpluses/(Deficits)
Balance at the beginning of the reporting period (20,454) (16,433)
Net Result for the Year (7,058) (4,021)
Balance at the end of the reporting period (27,512) (20,454)
(d) Equity
Total Equity at the beginning of the reporting period 154,021 144,822
Asset Revaluation Reserve 20,484 -
Restated balance at the beginning of the financial year 174,505 144,822
Total Changes in Equity Recognised in the Operating Statement (7,058) (4,021)
Transactions with State Government 12,052 11,440
Available-for-sale investment valuation gain/(loss) recognised (2,949) 1,780
Total Equity at the reporting date 176,550 154,021
Notes to The Financial Reports for the year ended 30 June 2008 Notes to The Financial Reports for the year ended 30 June 2008
Note 14: Reconciliation of Net Result for the Year to Net Cash Inflow/(Outflow)from Operating Activities
2008$’000
2007$’000
Net Result for the Year (7,058) (4,021)
Depreciation & Amortisation 11,596 10,511
Provision for Doubtful Debts (50) 25
Non Cash-DHS Capital Grants - (856)
Non Cash- Impairment of asset 147 -
Net (Gain)/Loss from Sale of Plant and Equipment (202) (83)
Change in Operating Assets & Liabilities
- Increase in Payables (1,994) 1,226
- Increase in Employee Benefits 5,586 5,070
- (Increase) in Other Current Assets 130 (147)
- Decrease in Receivables (561) 56
- (Increase) in Prepayments 24 (62)
- Increase/(Decrease) in Other Liabilities 345 4
NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES 7,963 11,723
(c) Categorisation of financial instruments
CarryingAmount
2008$’000
CarryingAmount
2007$’000
Details of each category in accordance with AASB139
Note Category Financial Assets
Cash and cash equivalents 4 N/A 20,413 18,430
Receivables 5 Loans and Receivables 10,670 10,059
Other Financial Assets 6 Available for sale financial assets (at fair value) 17,683 19,811
Financial Liabilities
Payables 10 Financial liabilities measured at amortised cost 13,196 14,299
Accomodation Bonds 12 Financial liabilities measured at amortised cost 2,428 2,082
Other Liabilities 12 Financial liabilities measured at amortised cost 5 5
Note 15: Financial Instruments
(a) Significant accounting policies
Details of the significant accounting policies and methods adopted, including the criteria for recognition, the basis of measurement and the basis on which income and expenses are recognised, with respect to each class of financial asset, financial liability and equity instrument are disclosed in note 1 to the financial statements.
(b) Risk management policies
Peninsula Health’s risk management framework is based on the Australian Standard and has an overarching policy with ten policies relating to specific areas such as clinical governance, financial risk, IT risk and building and infrastructure risk.
Risk management is seen as a core component of service delivery and high and/or extreme risks are managed at an appropriate level of seniority. A consistent risk assessment and management tool is used across all risk areas. Peninsula Health’s Strategic Plan 2005-2008 also nominates risk as one of the organisation’s goals with strategies to achieve. Actions toward those strategies are monitored. This is supported by a risk register which is regularly updated in conjunction with our internal auditors.
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Interest rate exposure and ageing analysis of financial assets as at 30/06/2008
Total2008$’000
*WeightedAverageInterest
Rate (%)
FloatingInterest
Rate$’000
Fixed Interest
Rate$’000
NonInterestBearing
$’000
Not PastDue /notimpaired
$’000
Past Due but not Impaired ImpairedFinancial
Assets$’000
< 1 month
$’000
1-3months
$’000
3 months -1 year$’000
1-5years$’000
over 5years$’000
Financial AssetsCash at Bank 1,641 6.00% 1,623 - 18 1,641 - - - - - - Receivables 10,670 0.00% - - 10,670 4,304 2,308 709 2,920 429 - - Investments - overnight at call & bank bills 18,772 7.19% 1,772 17,000 - 18,772 - - - - - - Managed Investments - securities & shares 14,911 - 14,911 - 14,911 - - - - - - Other Financial Assets 2,772 - 2,772 - 2,772 - - - - - - Total Financial Assets 48,766 3,395 34,683 10,688 42,400 2,308 709 2,920 429 - -
*Weighted average or effective interest rates for each class of assets
Interest rate exposure and ageing analysis of financial assets as at 30/06/2007
Total2007$’000
*WeightedAverageInterest
Rate (%)
FloatingInterest
Rate$’000
Fixed Interest
Rate$’000
NonInterestBearing
$’000
Not PastDue /notimpaired
$’000
Past Due but not Impaired ImpairedFinancial
Assets$’000
< 1 month$’000
1-3months
$’000
3 months -1 year$’000
1-5years$’000
over 5years$’000
Financial AssetsCash at Bank 1,181 6.05% 1,166 - 15 1,181 - - - - - - Receivables 10,059 0.00% - - 10,059 3,429 279 251 60 429 - - Investments - overnight at call & bank bills 17,249 6.05% 1,249 16,000 - 17,249 - - - - - - Managed Investments - securities & shares 16,718 - 16,718 - 16,718 - - - - - - Other Financial Assets 3,093 - 3,093 - 3,093 - - - - - - Total Financial Assets 48,300 2,415 35,811 10,074 41,670 279 251 60 429 - -
*Weighted average or effective interest rates for each class of assets
(e) Liquidity RiskThe following table discloses the contractual maturity analysis for Peninsula Health’s financial liabilities. For interest rates applicable to each class of liability refer the individual notes to the financial statements.
Interest rate exposure and maturity analysis of financial liabilities as at 30/06/2008
Total2008$’000
*WeightedAverageInterest
Rate (%)
FloatingInterest
Rate$’000
Fixed Interest
Rate$’000
NonInterestBearing
$’000
ContractualCash Flows
$’000
Maturity Dates
< 1 month
$’000
1-3months
$’000
3 months -1 year$’000
1-5years$’000
over 5years$’000
Financial LiabilitiesPayables 13,196 0.00% - - 13,196 13,196 8,473 2,624 170 276 - Other Liabilities 2,433 0.00% - - 2,433 2,433 - - 5 2,428 - Total Financial Liabilities 15,629 - - 15,629 15,629 8,473 2,624 175 2,704 -
Interest rate exposure and maturity analysis of financial liabilities as at 30/06/2007
Total2007$’000
*WeightedAverageInterest
Rate (%)
FloatingInterest
Rate$’000
Fixed Interest
Rate$’000
NonInterestBearing
$’000
ContractualCash Flows
$’000
Maturity Dates
< 1 month$’000
1-3months
$’000
3 months -1 year$’000
1-5years$’000
over 5years$’000
Financial LiabilitiesPayables 15,913 0.00% - - 15,913 15,913 10,812 2,044 49 262 - Other Liabilities 2,087 0.00% - - 2,087 2,433 - - 5 2,082 - Total Financial Liabilities 18,000 - - 18,000 18,346 10,812 2,044 54 2,344 -
Note 15: Financial Instruments (continued)
(d) Credit risk exposuresCredit risk represents the loss that would be recognised if counterparties fail to meet their obligations under the respective contracts at maturity. The credit risk on financial assets of the entity have been recognised in the Balance Sheet, as the carrying amount, net of any provision for doubtful debts.
Peninsula Health’s exposure to credit risk and effective weighted average interest rate by aging periods is set out in the following table. For interest rates applicable to each class of asset refer to the individual notes to the financial statements.
Notes to The Financial Reports for the year ended 30 June 2008 Notes to The Financial Reports for the year ended 30 June 2008
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Interest Rate Risk Other Price Risk
Total -1% +1% -1% +1%
2008 Profit Equity Profit Equity Profit Equity Profit Equity
2008 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000
Financial Assets
Cash and Cash Equivalents 20,413 -204 -204 204 204 - - - -
Receivables 10,670 - - - - - - - -
Other financial assets 17,683 -177 -177 177 177 - - - -
Financial Liabilities
Trade creditors and accruals 13,196 - - - - - - - -
Accomodation Bonds 2,428 24 24 -24 -24 - - - -
Other Liabilities 5 - - - - - - - -
Interest Rate Risk Other Price Risk
Total -1% +1% -1% +1%
2007 Profit Equity Profit Equity Profit Equity Profit Equity
$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000
Financial Assets
Cash and Cash Equivalents 18,430 -184 -184 184 184 - - - -
Receivables 10,059 - - - - - - - -
Other financial assets 19,811 -198 -198 198 198 - - - -
Financial Liabilities
Trade creditors and accruals 14,299 - - - - - - - -
Accomodation Bonds 2,082 21 21 -21 -21 - - - -
Other Liabilities 5 - - - - - - - -
Note 16: Commitments2008$’000
2007$’000
Capital Commitments
Land and Buildings 71,165 47,500
Plant & Equipment 485 325
Total Capital Commitments 71,650 47,825
Not later than one year 21,650 9,825
Later than one year and not later than 5 years 50,000 38,000
Total 71,650 47,825
Lease Commitments
Operating leases 731 866
Total Lease Commitments 731 866
Operating Leases
Non-Cancellable
Not later than one year 310 291
Later than one year and not later than 5 years 421 575
Later than 5 years - -
Sub-total 731 866
Total 731 866
Note: There are no Contingent Assets or Liabilities at Balance Date.
Note 15: Financial Instruments (continued)
(f) Market Risk
Interest Rate Risk
Peninsula Health’s exposure to interest rate risk arises predominantly from assets and liabilities bearing variable interest rates.Interest rate risk is reduced by undertaking only non interest bearing financial liabilities.
Sensitivity Disclosure AnalysisTaking into account past performance, future expectations, economic forecasts, and management’s knowledge and experience of financial markets, Peninsula Health believes the following movements are ‘reasonably possible’ over the next 12 months.-A parallel shift of +1% and -1% in market interest rates (AUD) from year end rates of 6%;-A parallel shift of +1% and -1% in inflation rate from year end rate of 2%;The following table discloses the impact on net operating result and equity for each category of financial instrument held by Peninsula Health at year end as presented to key management personnel, if changes in the relevant risk occur.
Notes to The Financial Reports for the year ended 30 June 2008 Notes to The Financial Reports for the year ended 30 June 2008
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Note 17: Segment ReportingResidentialAged Care
2008$’000
ResidentialAged Care
2007$’000
AcuteCare2008$’000
AcuteCare2007$’000
MentalHealth
2008$’000
MentalHealth
2007$’000
AgedCare2008$’000
AgedCare2007$’000
PrimaryHealth
2008$’000
PrimaryHealth
2007$’000
Total2008$’000
Total2007$’000
REVENUE
External Segment Revenue 9,169 8,500 252,467 232,710 24,598 22,820 11,228 11,180 11,206 10,214 308,668 285,424
Total Revenue 9,169 8,500 252,467 232,710 24,598 22,820 11,228 11,180 11,206 10,214 308,668 285,424
External Segment Expenses 13,140 12,192 262,221 241,822 24,599 22,930 7,828 6,649 10,706 9,114 318,494 292,707
Net Result from ordinary activities (3,971) (3,692) (9,754) (9,112) (1) (110) 3,400 4,531 500 1,100 (9,826) (7,283)
Interest Income - 24 2,768 3,238 - - - - - - 2,768 3,262
Net Result for Year (3,971) (3,668) (6,986) (5,874) (1) (110) 3,400 4,531 500 1,100 (7,058) (4,021)
OTHER INFORMATION
Segment Assets 12,409 12,461 195,636 173,349 19,061 16,999 8,701 8,328 8,684 7,609 244,490 218,746
Total Assets 12,409 12,461 195,636 173,349 19,061 16,999 8,701 8,328 8,684 7,609 244,490 218,746
Segment Liabilities 4,078 3,703 54,841 52,605 5,145 4,988 1,637 1,446 2,239 1,983 67,940 64,725
Total Liabilities 4,078 3,703 54,841 52,605 5,145 4,988 1,637 1,446 2,239 1,983 67,940 64,725
Acquisition of property, plant
and equipment and intangible assets 294 152 15,013 10,708 1,463 1,050 668 514 666 470 18,104 12,894
Depreciation & amortisation expense 281 (384) 9,717 (8,730) 912 (828) 290 (240) 397 (329) 11,596 (10,511)
Geographical Segment
Peninsula Health operates predominantly in the South Eastern Suburbs and Mornington Peninsula, Victoria. More than 90% of revenue, net surplus from ordinary activities and segment assets relate to operations in that area.
Business Segments
Residential Aged Care Services (RACS)
The Commonwealth Government regulates and partly funds the provision of residential care for older people who can no longer live independently in their own home. There are two levels of care, “low level residential care” and “high level residential care”.
Acute Care
Provision of inpatient and outpatient care within the areas of general and specialty medical and surgical services, maternity, paediatric and emergency services.
Notes to The Financial Reports for the year ended 30 June 2008 Notes to The Financial Reports for the year ended 30 June 2008
Mental Health
Aged Care
Peninsula Health provides a range of inpatient, interim care and domiciliary aged care and rehabilitation services as well as palliative care and Hospital in the Home services.
Primary Health
Peninsula Health provides support for the community in the areas of Audiology, Counselling, Nutrition, Podiatry, Physiotherapy, Cardiac Rehabilitation, Diabetes Eduction, Health Education and Health Promotion.
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Note 18: Responsible Persons Related Disclosures (continued)
(g) Executive Officers RemunerationThe numbers of executive officers, other than Ministers and Accountable Officers, and their total remunerationduring the reporting period are shown in the first two columns in the table below in their relevant income bands.The base remuneration of executive officers is shown in the third and fourth columns. Base remuneration isexclusive of bonus payments, long-service leave payments, redundancy payments and retirement benefits.
Total Remuneration Base Remuneration
2008No.
2007No.
2008No.
2007No.
$100,000 - $109,999 - - - -$110,000 - $119,999 - - - -$120,000 - $129,999 - - - 1$130,000- $139,999 - - - -$140,000 - $149,999 - - - -$150,000 - $159,999 - - - -$160,000 - $169,999 - - - 1$170,000 - $179,999 2 1 2 1$180,000 - $189,999 - - - -$190,000 - $199,999 - - 1 1$200,000 - $209,999 1 - 1 1$210,000 - $219,999 1 1 1 -$220,000 - $229,999 1 - - 1$230,000 - $239,999 - 2 1 -$240,000 - $249,000 1 - - -$250,000 - $259,999 - 2 - -
6 6 6 6
Total remuneration for the reporting period for $’000 $’000 $’000 $’000
Executive Officers included above amounted to: 1,244 1,372 1,190 1,091
Note 18: Responsible Persons Related Disclosures(a) Responsible Persons
Period TimeResponsible MinisterThe Honourable Bronwyn Pike, MLA, Minister for Health July 1, 2007 August 3, 2007The Honourable Daniel Andrews, MLA, Minister for Health August 3, 2007 June 30, 2008Governing BoardBarry Nicholls (Chairperson) July 1, 2007 June 30, 2008Diana Ward July 1, 2007 June 30, 2008Jim Swinden July 1, 2007 June 30, 2008Jim Kerrigan July 1, 2007 June 30, 2008Liza Newby July 1, 2007 June 30, 2008Ruth Salom July 1, 2007 June 30, 2008Michael Tiernan July 1, 2007 June 30, 2008Dianne Wickham July 1, 2007 June 30, 2008Nancy Hogan July 1, 2007 June 30, 2008
Accountable OfficerDr Sherene Devanesen July 1, 2007 June 30, 2008
(b) Remuneration of Responsible Persons & Accountable Officer
2008No.
2007No.
Income Band$0 - $9,999 - -$10,000 - $19,999 3 7$20,000 - $29,999 5 1$30,000 - $49,999 1 1$340,000 - $349,999 1 -$370,000-$379,999 - 1Total Numbers 10 10
Total remuneration for the reporting period for $,000 $,000Responsible Persons excluding Ministers above amounted to: 532 571
(c) Retirement Benefits of Responsible Persons
Nil - -
(d) Other Transactions of Responsible Persons and their Related Parties
Nil - -(e) Other Receivables from and Payables to Responsible Persons and their Related PartiesNil - -(f) Amounts Attributable to Other Transactions with Responsible Persons and their Related PartiesNil - -
Note 19: Remuneration of Auditors
2008$’000
2007$’000
Audit fees paid or payable to the Victorian Auditor-General’sOffice for audit of the Peninsula Health’s current financial report
Payable as at 30 June 80 79
Total Paid and Payable 80 79
Note 20: Events Occurring after the Balance Sheet Date
Peninsula Health will amalgamate with Peninsula Community Health Service as at July 1 2008, the Organisation name will remain Peninsula Health, with the new ABN being 52 892 860 159.
This amalgamation will help provide the community of the Mornington Peninsula with the best possible treament when and where it is required.
This amalgamation follows an order in Council published in the Victorian Government Gazette dated 19th June 2008 which includes but is not limited to the following statements:
Under section 65 (1) of the Health Act 1988, that Peninsula Health and Peninsula Community Health Service Inc. be amalgamated.
That a new registered funded agency, to be known as Peninsula Health, comes into existence as of July 1 2008.
That the new registered funded agency shall be a public hospital.
Notes to The Financial Reports for the year ended 30 June 2008 Notes to The Financial Reports for the year ended 30 June 2008
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The following table is a summary of the financial results for the year from the financial statements, with comparative results for the Service from 2005/06 to 2007/08.
Legislative Review 2007/08$’000
2006/07$’000
2005/06$’000
Total Expenses-Excluding DepreciationTotal Revenue-Excluding Capital Income
306,898 307,040
282,196 284,173
266,147 267,702
Operating Surplus/(Deficit)-Prior to Depn & Capital Income 142 1,977 1,555
Less Depreciation ExpenseAdd Capital Income
11,596 4,396
10,511 4,513
10,103 5,516
Operating Surplus/(Deficit)-After to Depn & Capital Income (7,058) (4,021) (3,032)
Total AssetsTotal LiabilitiesNet Assets
Total Equity
244,490 67,940 176,550
176,550
218,746 64,725 154,021
154,021
202,155 57,333 144,822
144,822
Consultants that assisted the •health service during the year included - There was one consultancy in excess of $100,000, namely ARPOS PTY LTD at a total of $349,609.49. There were 18 consultancies costing less than $100,000 per consultancy, which totalled $191,211.37. Total consultancy expenses for the year were $540,820.86.
During the year Peninsula •Health complied with the building and maintenance provisions of the Building Act 1993.
The 2008 Annual Report •was made available to the Minister for Health and Members of Parliament. The report was released to the public at the Peninsula Health Annual General Meeting on 31 October 2008.
Statement of Competitive Neutrality
The Victorian Government’s competitive neutrality policy commits public health services to apply Model 2 Competitive Neutrality policies. Model 2 includes the adoption of pricing principles to take account of and reflect full cost attribution for net competitive advantages conferred by government ownership.
The aim of the competitive neutrality policy is to ensure that where government’s business activities involve it in competition with private sector business activities, the net competitive advantages to accrue to a government business are offset. This will enable the government business and the private sector business to compete fairly on the basis of their relative skills, efficiency and other unique characteristics which make up theirs business.
The application of competitive pricing principles to significant business activities also provides management with information about the relative efficiency of business activities.
Peninsula Health complies with the Model 2 competitively neutral pricing principles outlined in the documents ‘Competitive Neutrality - A Statement of Victorian Government Policy’ and ‘A Guide to Implementing Competitively Neutral Pricing Principles’.
Freedom of Information
Administrative, Financial, Personnel and Patient related documents not normally available to the public can sometimes be accessed through the ‘Freedom of Information’ process. Procedures for requesting information from service records are outlined in the Freedom of Information publication, available through the service or from the Department of Human Services, the Department of Justice, Public Records Office or the State Library.
Requests for access to information in documentary form in the custody of the service should be made to the Freedom of Information Officer, Health Information Services, located at Frankston Hospital. The principal officer of the service for Freedom of Information legislation is the Chief Executive.
During 2007/08 there were 474 requests for information. Full access was granted to 429 of the requests and partial access was granted to 11. Access was denied for 10 requests. Eight were not proceeded with. For 16 requests there were no documents and there were eight requests not finalised as at June 30 2008.
Literature produced by the service and available to the public includes brochures on patients’ rights, general admission information, information related to specific departments and services, the newsletter Peninsula Pulse, the Peninsula Health Annual Report, Quality of Care Report and Research & Clinical Services Report.
Attestation on Compliance with Australian/New Zealand Risk Management Standard
I, Barry Nicholls, certify that Peninsula Health has risk management processes in place consistent with the Australian/New Zealand Risk Management Standard and an internal control system is in place that enables the executives to understand, manage and satisfactorily control risk exposures. The Audit Committee and Board verify this assurance and that the risk profile of Peninsula Health has been critically reviewed within the last 12 months.
Barry Nicholls
Chairperson
Peninsula Health
Date 24/9/08
Internal audit reports 2007/08
Under preparation (September 2008)
Review of Amalgamation of Peninsula Health and Peninsula Community Health Service
May 2008
Tax Compliance, Credit Cards, FMCF
April 2008
Budgeting Process and Budget Monitoring
February 2008
Compliance with Risk Management Policy
September 2007
Fraud Management
August 2007
Tax Compliance, Credit Cards, FMCF
2007/08 RepoRTing RequiRemenTS 2007/08 RepoRTing RequiRemenTS
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Debtors outstanding as at 30 June 2008 (in $) Under 30 Days 31-60 Days 61-90 Days Over 90 Days Total 30/06/08 Total 30/06/07
Private 2,002,195 362,387 257,674 234,259 2,856,515 1,745,656
TAC 26,173 1,625 3,065 19,832 50,694 23,011
VWA 149,817 59,167 1,971 24,463 235,419 127,427
Other Compensable 5,268 0 63 5,615 10,946 46,984
Psychiatric 35,564 8,273 1,944 7,078 52,860 44,749
Residential Aged Care 29,534 0 0 0 29,534 47,954
2007/08 RepoRTing RequiRemenTS 2007/08 RepoRTing RequiRemenTS
ACCESS1 Elective Surgery Performance 2007/08 2006/07
Category 1 proportion of patients waiting less than 30 days % 100% 100%
Category 2 proportion of patients waiting less than 90 days % 49% 45%
Category 3 proportion of patients waiting less than 365 days % 80% 90%
2 Emergency Department Performance
2a Percentage of Triage category one emergency patients seen immediately 100% 100%
2b % of emergency patients admitted to an impatient bed within eight hours 49% 57%
2c % of operating time on Hospital Bypass 2% 2%
2d % of non-admitted patients with a length of stay of less than 4 hours 55% 64%
2e Number of patients with an emergency department length of stay of greater than 24 hours 113 9
ACTIVITYAdmitted Patients Acute Sub-Acute Mental Health Other Total
Separations
Same Day 32,865 30 208 - 33,103
Multi day 28,978 3,407 880 - 33,265
Total Separations 61,843 3,437 1,088 - 66,368
Emergency 30,530 38 580 - 31,148
Elective 25,749 3,399 498 - 29,646
Other inc. Maternity 5,564 0 10 - 5,574
Total Separations 61,843 3,437 1,088 - 66,368
Total WEIS 41,089
Total Bed Days* 158,898 116,782 14,029 - 289,709
*Total Bed Days include all inpatients - including residential services
ACTIVITYNon Admitted Patients Acute Sub-Acute Mental Health Other Total
Emergency Department Presentations 71,359 - 1,906 - 73,265
Outpatient Services - occasions of services (VACS and Non VACS clinics) 57,524 38,519 95,721 82,175 273,939
Other Services - occasions of services - - - - -
Total occasions of service 57,524 38,519 95,721 82,175 273,939
Victorian Ambulatory Classification System - Number of Encounters (weighted) 28,685 - - - 28,685
REVENUE INDICATORS Average Collection Days
Revenue Indicator 2007/08 2006/07
Private 69 63
TAC 78 85
VWA 68 66
Other Compensable 78 78
Psychiatric 29 29
Residential Aged Care 14 12
Occupational Health and Safety Performance
During 2007/08:
Achievements for the Occupational Health and Safety (OH&S) Unit included:
The delivery of a mock OH&S Prosecution •conducted at Frankston Magistrates Court as a novel form of education and motivation for over 50 senior and middle managers.
The completion of an audit of the Peninsula Health •Safety Management System conducted by an external consultancy.
The completion of a Safety Culture Climate Survey •conducted by an external consultancy.
The completion of three consultative •workshops involving 45 management and staff representatives to identify areas and suggest recommendations for improvement in OH&S.
The development of a prioritised OH&S •Improvement Plan, known as SAFETY MAX, based on the finding of the above mentioned, survey, audit and consultative workshops.
Expansion of eLearning OH&S Modules and •OH&S Intranet site.
Development of Online 3 reporting system for •recording and reporting of OH&S training including fire training.
Whistleblowers Protection Act
The Whistleblowers Protection Act 2001 came into effect 1 January 2002. The Act is designed to protect people who disclose information about serious wrongdoing within the Victorian Public Sector and to provide a framework for the investigation of these matters. All government bodies are required to have policies and procedures in place that address these issues.
Peninsula Health is committed to the aims and objectives of the Whistleblowers Protection Act 2001. Its policy framework in this area clearly indicates that it does not tolerate improper conduct by its employees or officers, nor the taking of reprisals against those who come forward to disclose such conduct. Disclosures of improper conduct can be made by Peninsula Health staff or members of the public.
We have had no disclosures in the 2007/08 reporting year.
Whistleblowers Protection Act (continued)
Peninsula Health is committed to the highest standards of ethics and probity in its performance of its duties and the delivery of its services to the community.
Disclosure may be made to –
Ms Chiara SoccioActing Executive Director Human ResourcesPeninsula HealthPO Box 192Mt Eliza, 3930Phone: 9788 1239Fax: 03 97881240
OR to –
Dr Sherene Devanesen Chief ExecutivePeninsula HealthPO Box 52Frankston, 3199Phone 03 9784 8211 Fax: 03 9784 7134 Email: [email protected]
OR to –
the OmbudsmanLevel 9, 459 Collins Street,Melbourne, 3000Phone: 03 9613 6222Fax: 03 9614 0246Toll Free: 1800 806 314Email: [email protected]: www.ombudsman.vic.gov.au
Disclosures made under this policy will be investigated swiftly, professionally and discreetly.
A copy of the Act and a summary of its provisions are available for inspection at the office of the Chief Executive. The Ombudsman has published a set of detailed “model procedures” and the agency will follow these in dealing with a disclosure. A copy of this model is available for inspection at the office of the Chief Executive or can be downloaded from the Ombudsman’s website (see above). This information is also available at the office of Site Managers at each site of Peninsula Health.
For and on behalf of the BoardDr Sherene DevanesenDated 5/8/08
WEIS - Weighted Inlier Equivalent Separation
VACS - Victorian Ambulatory Classification and Funding System
TAC - Transport Accident Commission
VWA - Victorian WorkCover Authority
Dromana
Melbourne
baxter
PortseaSorrento
cranbourne
carrumchelsea
Flinders
THE MORNINGTON CENTRECnr Tyalla Grove and Separation Street Mornington 3931Tel: (03) 5976 9000 Fax: (03) 5976 9136
PCHS MORNINGTON SITE61 Tanti Avenue, Mornington 3931Ph: (03) 5975 8266Fax: (03) 5975 825
PENINSULA DRUG & ALCOHOL PROGRAM Hastings Officec/o Peninsula Community Health ServicesCnr Cool Store Road and Victoria StreetHastings 3915Tel: (03) 5979 2894 Fax: (03) 5979 4735
PCHS HASTINGS SITECnr Cool Store Road and Victoria StreetHastings 3915Ph: (03) 5979 2894Fax: 903) 5979 4735
PENINSULA DRUG & ALCOHOL PROGRAM
Rosebud Officec/o Southern Peninsula
Support & Information Centre878 Nepean Road Rosebud Vic 3939Tel: (03) 5986 0709
Fax: (03) 5982 2601
ROSEbUD COMMUNITy REHAbILITATION SERVICE
288 Eastbourne Road Rosebud Vic 3939
Community Rehabilitation Centre
Tel: (03) 5986 3344 Fax: (03) 5981 2267
Inpatient UnitTel: (03) 5981 2166
Fax: (03) 5982 2110
MOUNT ELIzA CENTREJacksons Road (PO box 192) Mount Eliza Vic 3930Tel: (03) 9788 1200 Fax: (03) 9787 9954
MICHAEL COURT RESIDENTIAL AGED CARE UNIT
32 Michael Court Seaford Vic 3198Tel: (03) 9785 3744 Tel: (03) 9785 3739
Fax: (03) 9782 4434
FRANkSTON INTEGRATED HEALTH CENTRE12-32 Hastings Road Frankston Vic 3199 Tel: (03) 9784 8100
Community Health ServiceTel: (03) 9784 8100 Fax: (03) 9784 8149
PENINSULA COMMUNITy MENTAL HEALTH SERVICE15-17 Davey Street Frankston Vic 3199 Tel: (03) 9784 6999 Fax: (03) 9784 6900
S.H.A.R.P.S.35-39 Ross Smith Avenue Frankston Vic 3199 Tel: (03) 9781 1622 Fax: (03) 9781 3669
TATTERSALLS PENINSULA PALLIATIVE CARE UNIT125 Golf Links Road Frankston Vic 3199Tel: (03) 9784 8600 Fax: (03) 9784 8674
HASTINGS ROAD (PO bOX 52) FRANkSTON, VICTORIA 3199PH: (03) 9784 7777For those outside the Melbourne Metropolitan Area PH: 1800 858 727www.peninsulahealth.org.au
Seaford
Rosebud Hastings
Mornington
Mt Eliza
CARINyA RESIDENTIAL AGED CARE UNIT125 Golf Links Road Frankston Vic 3199 Tel: (03) 9783 7277 Fax: (03) 9783 7515
COMMUNITy CARE UNIT4 Spray Street Frankston Vic 3199 Tel: (03) 9781 4288 Fax: (03) 9781 4393
FRANkSTON COMMUNITy REHAbILITATION CENTRE125 Golf Links Road Frankston Vic 3199 Tel: (03) 9783 7288 Fax: (03) 9770 5459
FRANkSTON HOSPITALHastings Road (PO box 52) Frankston Vic 3199 Tel: (03) 9784 7777
FRANkSTON REHAbILITATION UNIT125 Golf Links Road Frankston Vic 3199 Tel: (03) 9784 8666 Fax: (03) 9784 8662
Frankston
ROSEbUD HOSPITAL1527 Pt. Nepean Road
Rosebud Vic 3939Tel: (03) 5986 0666
Fax: (03) 5986 7589
ROSEbUD RESIDENTIAL AGED CARE SERVICES1497 Pt. Nepean Road
Rosebud Vic 3939
Jean Turner Community Nursing Home
Tel: (03) 5986 2222 Fax: (03) 5982 2762
Lotus Lodge HostelTel: (03) 5986 1011
Fax: (03) 5982 2762
PCHS DENTAL SERVICESCnr Third Avenue and
Eastbourne Road, RosebudTel: 5986 4677 Fax: 5981 1323