NOTE 11: Restructuring

As a result of Administrative Arrangement Orders on 14 October 2010 the Department relinquished responsibility for the Sports and Recreation function to the Department of the Prime Minister and Cabinet on 28 October 2010.

Note 11A: Departmental Restructuring

In respect of functions relinquished, the following assets and liabilities were transferred.

	2011 $’000
Assets relinquished
Appropriation receivable	945
Other assets	11
Inventories	23
*Total assets relinquished*	979
Liabilities relinquished
Employee provisions	1,141
*Total liabilities relinquished*	1,141
*Net (liabilities) relinquished*	(162)

Note 11B: Administered Restructuring

In respect of functions relinquished, the following administered assets and liabilities were transferred:

	2011 $’000
Assets relinquished
Administered investments	266,565
Goods and services receivable	80
Advances and loans receivable	4,000
*Total assets relinquished*	270,645
*Net assets relinquished*	270,645

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