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
$ $
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
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