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

Zoological Parks Authority ANNUAL REPORT 2012
Overview
Executive Summary
Financial Overview continued
Assets and Liabilities
Total assets at the end of the period were
$54 million including $5.1 million in cash
resources held for future capital works and other
expenditure commitments. Cash resources also
include sponsorships, bequests, grants and
fundraising that will be spent on grant related
expenditure, capital developments and wildlife
conservation initiatives.
Receivables at year end were $811,859 of
which $458,361 is GST claimable from the tax
office. Retail shop inventory decreased by 9%
from the previous year to $148,882. Fixed asset
acquisitions in 2011-12 were over $5.5 million
with the major additions related to capital works
projects including the Australian wetlands
exhibit, baboon exhibit, solar energy project
and works in progress relating to the orangutan
exhibit and water infrastructure project. There
were also purchases of computer equipment
along with general plant and equipment.
Total liabilities at the end of the reporting period
were $5.7 million. Liabilities include $2.6 million
in provisions relating to annual and long service
leave. Liabilities also include payables of
$1,615,333 which is over double the previous
year total of $682,269 due to $1,004,301 owing
to suppliers for major capital works projects.
The payables figure includes $286,596 in
accrued salaries.
Renovated Australian Wetlands exhibit
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