Strategy, Review and Regulation $m Early Childhood Development $m School Education $m Higher Education and Skills $m Support Services Delivery $m Support for Students with Disabilities $m Departmental total $m Other economic flows included in net result Net gain/(loss) on non-financial assets – – 0.6 – – 0.1 0.6 Net gain/(loss) on financial instruments – – 0.7 (2.6) – – (1.9) Other gains/(losses) from other economic flows 0.8 0.5 71.4 0.7 3.3 10.4 87.2 Total other economic flows included in net result 0.8 0.5 72.7 (1.9) 3.3 10.5 86.0 Net result 0.8 0.5 390.0 3.1 3.3 10.5 408.1 Other economic flows—other comprehensive income Changes in physical asset revaluation surplus – – (0.1) – – – (0.1) Total other economic flows—other comprehensive income – – (0.1) – – – (0.1) Comprehensive result 0.8 0.5 389.9 3.1 3.3 10.5 408.0
2017 Carrying amount $m Not past due and not impaired $m Less than 1 month $m 1–3 months $m 3 months– 1 year $m Over 1 year $m Term deposits 296.3 296.3 – – – – Total 296.3 296.3 Past due but not impaired 2016 Carrying amount $m Not past due and not impaired $m Less than 1 month $m 1–3 months $m 3 months– 1 year $m Over 1 year $m Term deposits 274.9 274.9 – – – – 274.9 274.9
Total of heritage buildings at fair value 104.1 – – 104.1 Leasehold buildings at fair value Leasehold buildings 145.0 – – 145.0 Total of leasehold buildings at fair value 145.0 – – 145.0 Leasehold improvements at cost Leasehold improvements 3.7 – – 3.7 Total of leasehold improvements at cost 3.7 – – 3.7 and equipment at fair value Plant and equipment 84.5 – 11.3 73.2 Total of plant and equipment at fair value 84.5 – 11.3 73.2 Reconciliation of Level 3 fair value 30 June 2017 2017 Land $m Buildings $m Heritage buildings $m Leasehold buildings $m Leasehold improvements $m Plant and equipment $m Opening balance 8,948.4 10,014.0 104.1 145.0 3.7 73.2 Prior year adjustments – (37.0) - 37.0 – – Purchases (9.6) (6.8) 2.6 206.5 – 13.3 Transfers to completed assets – 281.4 – – – 7.0 Transfer (to)/from assets Reval Reserve – 9.5 – – – – Transfer (to)/from assets held for sale (7.3) 0.3 – – – – Depreciation – (300.9) (3.6) (5.3) (0.7) (28.6) Closing balance 8,931.4 9,960.5 103.1 383.2 2.9 64.9 Reconciliation of Level 3 fair value 30 June 2016 2016 Land $m Buildings $m Heritage buildings $m Leasehold buildings $m Leasehold improvements $m Plant and equipment $m
AASB 2014–1 Amendments to Australian Accounting Standards [Part E Financial Instruments] Amends various AASs to reflect the AASB's decision to defer the mandatory application date of AASB 9 to annual reporting periods beginning on or after 1 January 2018 as a consequence of Chapter 6 Hedge Accounting, and to amend reduced disclosure requirements. 1 January 2018 This amending standard will defer the application period of AASB 9 to the 2018–19 reporting period in accordance with the transition requirements. AASB 2014–7 Amendments to Australian Accounting Standards arising from AASB 9 Amends various AASs to incorporate the consequential amendments arising from the issuance of AASB 9. 1 January 2018 The assessment has indicated that there will be no significant impact for the public sector. AASB 15 Revenue from Contracts with Customers The core principle of AASB 15 requires an entity to recognise revenue when the entity satisfies a performance obligation by transferring a promised good or service to a customer. 1 January 2018 The changes in revenue recognition requirements in AASB 15 may result in changes to the timing and amount of revenue recorded in the financial statements. The Standard will also require additional disclosures on service revenue and contract modifications. AASB 2014–5 Amendments to Australian Accounting Standards arising from AASB 15 Amends the measurement of receivables and the recognition of dividends. Trade receivables that do not have a significant financing component, are to be measured at their transaction price, at initial recognition. Dividends are recognised in the profit and loss only when: the entity’s right to receive payment of the dividend is established it is probable that the economic benefits associated with the dividend will flow to the entity; and the amount can be measured reliably. 1 January 2017, except amendments to AASB 9 (December 2009) and AASB 9 (December 2010) apply from 1 January 2018. The assessment has indicated that there will be no significant impact for the public sector. AASB 2015–8 Amendments to Australian Accounting Date of AASB 15 This Standard defers the mandatory effective date of AASB 15 from 1 January 2017 to 1 January 2018. 1 January 2018 This amending standard will the application period of AASB 15 to the 2018–19 reporting period in accordance with the transition requirements. Effective