Investor Presentaiton

Department of Health Notes to the financial statements For the year ended on 30 June 2023 1 Basis of preparation The Department of Health (department) is a WA Government entity and is controlled by the State of Western Australia, which is the ultimate parent. The department is a not-for-profit entity (as profit is not its principal objective). Contents A description of the nature of its operations and its principal activities have been included in the 'Overview' which does not form part of these financial statements. These annual financial statements were authorised for issue by the accountable authority of the department on 15 September 2023. Statement of compliance These general purpose financial statements are prepared in accordance with: 1) The Financial Management Act 2006 (FMA) 2) The Treasurer's Instructions (TIs) 3) Australian Accounting Standards (AASS) including applicable interpretations 4) Where appropriate, those AASS paragraphs applicable for not-for-profit entities have been modified. The FMA and the Tls take precedence over AASS. Several AASS are modified by the Tls to vary application, disclosure format and wording. Where modification is required and has had a material or significant financial effect upon the reported results, details of that modification and the resulting financial effect are disclosed in the notes to the financial statements. Reporting entity The reporting entity comprises of the department and the Health Ministerial Body (a body corporate through which the Minister for Health can perform any of the Minister's functions under the Health Services Act 2016). On 31 March 2022, approval was obtained from Treasury which exempts the department from the reporting requirements of Treasurer's Instructions 1101 (7)(ix) Application of Australian Accounting Standards and Other Pronouncements and 1105 (4)(iv) Consolidated Financial Statements. The exemption relates to financial years 2021-22 to 2024-25. The department is exempted from preparing consolidated financial statements with Quadriplegic Centre. This chief executive governed health service provider prepares separate financial statements which is consolidated in the Annual Report on State Finances, that is available for public use. Basis of preparation These financial statements are presented in Australian dollars applying the accrual basis of accounting and using the historical cost convention. Certain balances will apply a different measurement basis (such as the fair value basis). Where this is the case, the different measurement basis is disclosed in the associated note. All values are rounded to the nearest thousand dollars ($'000). Judgements and estimates Judgements, estimates and assumptions are required to be made about financial information being presented. The significant judgements and estimates made in the preparation of these financial statements are disclosed in the notes where amounts affected by those judgements and/or estimates are disclosed. Estimates and associated assumptions are based on professional judgements derived from historical experience and various other factors that are believed to be reasonable under the circumstances. < 137 About us Significant issues Report on operations Agency performance Operational disclosures ⚫Key performance indicators Financial disclosures and compliance • Appendix

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