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

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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 $ $ 15. Commercial activities Restaurant 528,874 522,068 Hire of facilities & equipment 391,488 475,368 Tours & tertiary education 120,755 146,919 Children’s rides 162,385 162,055 Sale of maps & animal adoptions 95,181 94,105 Car parking 66,897 95,787 Vending commission 57,533 46,624 1,423,113 1,542,926 16. Interest Revenue 46,520 58,102 Interest earned from banking institution on the Authority’s interest bearing account. 17. Other revenue Rental fees 27,456 24,494 Recoups of previous year’s expenditure 28,615 1,967 Insurance claims 277,414 185,885 Miscellaneous revenue 46,550 26,203 380,035 238,549 18. Gains In 2009-10 an impairment loss of $200,000 was recognised as a result of extensive storm damage to Perth Zoo’s Australian Wetlands exhibit infrastructure. The exhibit was closed to the public during the period to enable rectification of the storm damage along with a major upgrade to the exhibit. The exhibit was re-opened to the public during the period and the previously recognised impairment reversed. Reversal of impairment – Australian Wetlands exhibit infrastructure 200,000 – 200,000 – 90
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 $ $ 19. Income from State Government Appropriation received during the period: Service appropriation (a) 10,385,000 9,933,000 10,385,000 9,933,000 Resources received free of charge (b) Determined on the basis of the following estimates provided by agencies: – – – – 10,385,000 9,933,000 (a) Service appropriations fund the net cost of services delivered. Appropriation revenue comprises a cash component and a receivable (asset). The receivable (holding account) comprises the depreciation expense for the year and any agreed increase in leave liability during the year. (b) Assets or services received free of charge or for nominal cost are recognised as revenue at fair value of the assets and/or services that can be reliably measured and which would have been purchased if they were not donated. Contributions of assets or services in the nature of contributions by owners are recognised direct to equity. 20. Restricted cash and cash equivalents Restricted cash and cash equivalents represent cash resources for which the use is restricted, wholly or partially by regulations or other externally imposed requirements. The Authority is the recipient of a number of grants which are restricted in their use according to the terms of the grant. The Authority has also made provision to cover the unfunded additional pay which occurs every 11 years, the next being 2015. Current Grant Funds 25,650 28,840 Sponsorship Funds 500,000 – 27th Pay allocation for 2015 350,000 300,000 Total current 875,650 328,840 91
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