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

Zoological Parks Authority ANNUAL REPORT 2012
Agency Performance – Report on Operations
Outcomes, Services and Performance Information
Actual Results versus Budget Targets
The following information details results against
the targets contained in the Authority’s annual
Resource Agreement with the Minister and the
Treasurer. The Resource Agreement contains
financial and non-financial performance targets.
Explanations of material variations between
actual results and targets are also provided.
Financial Targets
Total cost of services (expense limit)
(details from Income Statement)
Net cost of services
(details from Income Statement)
Total equity
(details from Statement of Financial Position)
Net increase/(decrease) in cash held
(details from Statement of Cash Flows)
Target
$000’s
Actual
$000’s
Variation
$000’s
21,832 21,942 110
9,053 8,494 (559)
50,814 48,679 (2,135)
34 476 442
Approved full time equivalent (FTE) staff level 166 166 –
Explanation of significant variations against financial targets
Total cost of services
Costs were in line with original targets and were well managed during 2011‐12.
Net cost of services
The decrease in the net cost of services was due to higher than expected revenue during 2011‐12.
This included a 9.5% increase in revenue from admissions due to the record attendance levels of
640,642 and a 10.1% increase in retail shop sales. Revenue for the year also included insurance
claims proceeds of over $277,000 relating to the March 2010 hail storm and the reversal of a
previously recorded asset impairment loss of $200,000 for the Australian wetlands exhibit.
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