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
$ $
31. Notes to the Statement of Cash Flows continued
Non-cash financing and investing activities
During the reporting period, the Authority acquired donated assets with an aggregate fair value of $618,208.
Financing facilities
At the end of the reporting period, the Authority had no approved borrowing facilities, including those associated with capital works projects.
32. Commitments
Capital expenditure commitments
Capital expenditure commitments, being contracted capital expenditure additional to the amounts reported in the financial statements, are payable as follows:
Within 1 year 347,321 1,521,699
Later than 1 year and not later than 5 years – 429,000
347,321 1,950,699
The capital commitments include amounts for:
Buildings – 300,000
Infrastructure 347,321 1,650,699
347,321 1,950,699
33. Explanatory statement
The following explanations are provided in accordance with Treasurer’s Instruction 945.
Significant variations are considered to be those greater than $50,000 and greater than 10%.
(A) Significant variances between estimate and actual results for the financial year
Reasons for significant variations between actual revenue and expenditure and the Estimates contained in the Budget Statements are detailed below. It should be noted
that the categories of revenue and expenditure presented in the Budget Statements differ from the categories used in these financial statements.
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