Zoological Parks Authority - Parliament of Western Australia - The ...

Zoological Parks Authority ANNUAL REPORT 2012
Disclosures and Legal Compliance
Financial Statements
Zoological Parks Authority
Notes to the Financial Statements for the Year Ended 30 June 2012 continued
2012 2011
$ $
30. Equity
Equity represents the residual interest in the net assets of the Authority. The Government holds the equity interest in the Authority on behalf of the community.
The asset revaluation surplus represents that portion of equity resulting from the revaluation of non-current assets.
Contributed Equity
Balance at start of period 25,270,220 24,535,220
Contributions by owners
Capital appropriation (a) 735,000 735,000
Balance at end of period 26,005,220 25,270,220
(a) Treasurer’s Instruction 955 ‘Contributions by Owners Made to Wholly-Owned Public Sector Entities’ designates capital appropriations as contributions by owners in
accordance with AASB Interpretation 1038 ‘Contributions by Owners Made to Wholly-Owned Public Sector Entities’.
The capital appropriations received are directed to the Authority’s capital investment program.
Reserves
Asset Revaluation Surplus
Balance at start of year 6,335,983 6,233,798
Net revaluation increments/(decrements):
Land 10,000 –
Buildings and Improvements (178,019) 102,185
Balance at end of year 6,167,964 6,335,983
Accumulated surplus
Balance at start of year 14,615,171 13,792,430
Result for the Period 1,891,058 822,741
Balance at end of year 16,506,229 14,615,171
100