Zoological Parks Authority - Parliament of Western Australia - The ...
Zoological Parks Authority - Parliament of Western Australia - The ... 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 35. Financial Instruments continued (c) Financial Instrument Disclosures Interest rate sensitivity analysis The following table represents a summary of the interest rate sensitivity of the Authority’s financial assets and liabilities at the end of the reporting period on the surplus for the period and equity for a 1% change in interest rates. It is assumed that the change in interest rates is held constant throughout the reporting period. The interest rate sensitivity is determined by reference to recent trends in interest rate movements and economic and market forecasts by the Reserve Bank of Australia. Carrying – 100 basis points +100 basis points Amount Surplus Equity Surplus Equity 2012 $ $ $ $ $ Financial Assets Cash and cash equivalents 1,612,129 (16,121) (16,121) 16,121 16,121 (16,121) (16,121) 16,121 16,121 Financial Liabilities – – – – Total Increase/(Decrease) (16,121) (16,121) 16,121 16,121 Carrying – 100 basis points +100 basis points Amount Surplus Equity Surplus Equity 2011 $ $ $ $ $ Financial Assets Cash and cash equivalents 1,177,319 (11,773) (11,773) 11,773 11,773 (11,773) (11,773) 11,773 11,773 Financial Liabilities – – – – Total Increase/(Decrease) (11,773) (11,773) 11,773 11,773 112
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 36. Remuneration of members of the accountable authority and senior officers Remuneration of members of the accountable authority The number of members of the accountable authority, whose total of fees, salaries, superannuation, non-monetary benefits and other benefits for the financial year, fall within the following bands are: $0 – $10,000 8 7 $10,001 – $20,000 2 1 The total remuneration of the members of the accountable authority $40,836 $40,445 The total remunerations includes the superannuation expense incurred by the Authority in respect of members of the accountable authority. No members of the accountable authority are members of the Pension Scheme. Remuneration of senior officers Senior officers includes the Chief Executive Officer and four Director positions that form the Authority’s Corporate Executive. The figures include current employees and officers that terminated employment during the period. The number of senior officers, other than senior officers reported as members of the accountable authority, whose total fees, salaries, superannuation, non-monetary benefits and other benefits for the financial year, fall within the following bands are: $60,001 – $70,000 1 – $100,001 – $110,000 1 – $130,001 – $140,000 – 3 $140,001 – $150,000 1 1 $150,001 – $160,000 1 – $160,001 – $170,000 1 – $240,001 – $250,000 – 1 $260,001 – $270,000 1 – The total remuneration of senior officers $903,470 $805,239 The total remuneration includes the superannuation expense incurred by the Authority in respect of senior officers other than senior officers reported as members of the accountable authority. No senior officers are members of the Pension Scheme. 113
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<strong>Zoological</strong> <strong>Parks</strong> <strong>Authority</strong> ANNUAL REPORT 2012<br />
Disclosures and Legal Compliance<br />
Financial Statements<br />
<strong>Zoological</strong> <strong>Parks</strong> <strong>Authority</strong><br />
Notes to the Financial Statements for the Year Ended 30 June 2012 continued<br />
35. Financial Instruments continued<br />
(c) Financial Instrument Disclosures<br />
Interest rate sensitivity analysis<br />
<strong>The</strong> following table represents a summary <strong>of</strong> the interest rate sensitivity <strong>of</strong> the <strong>Authority</strong>’s financial assets and liabilities at the end <strong>of</strong> the reporting period on the surplus for<br />
the period and equity for a 1% change in interest rates. It is assumed that the change in interest rates is held constant throughout the reporting period.<br />
<strong>The</strong> interest rate sensitivity is determined by reference to recent trends in interest rate movements and economic and market forecasts by the Reserve Bank <strong>of</strong> <strong>Australia</strong>.<br />
Carrying<br />
– 100 basis points +100 basis points<br />
Amount<br />
Surplus Equity Surplus Equity<br />
2012 $ $ $ $ $<br />
Financial Assets<br />
Cash and cash equivalents 1,612,129 (16,121) (16,121) 16,121 16,121<br />
(16,121) (16,121) 16,121 16,121<br />
Financial Liabilities<br />
– – – –<br />
Total Increase/(Decrease) (16,121) (16,121) 16,121 16,121<br />
Carrying<br />
– 100 basis points +100 basis points<br />
Amount<br />
Surplus Equity Surplus Equity<br />
2011 $ $ $ $ $<br />
Financial Assets<br />
Cash and cash equivalents 1,177,319 (11,773) (11,773) 11,773 11,773<br />
(11,773) (11,773) 11,773 11,773<br />
Financial Liabilities<br />
– – – –<br />
Total Increase/(Decrease) (11,773) (11,773) 11,773 11,773<br />
112
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