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

More documents

Recommendations

Info

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 $ $ 25. Property, plant and equipment, infrastructure Land: At fair value 925,000 915,000 Buildings and improvements: At fair value 12,897,937 12,852,709 Transfers from works in progress 49,519 534,746 Accumulated depreciation (190,595) (127,788) Total Buildings and improvements 12,756,861 13,259,667 Infrastructure: At cost 29,087,026 25,848,037 Transfers from works in progress 611,770 320,639 Accumulated impairment losses – (200,000) Accumulated depreciation (8,679,539) (7,493,344) Total Infrastructure 21,019,257 18,475,332 Works in progress: Buildings at cost – 49,519 Infrastructure at cost 2,376,502 1,052,029 Total Works in progress 2,376,502 1,101,548 Total Land, buildings and infrastructure 37,077,620 33,751,547 Plant, equipment and vehicles: At cost 4,289,167 4,159,372 Accumulated depreciation (3,328,223) (3,104,052) Total Plant, equipment and vehicles 960,944 1,055,320 94
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 $ $ 25. Property, plant and equipment, infrastructure continued Works of art: At fair value 194,668 200,790 Accumulated depreciation – – Total Works of art 194,668 200,790 Total Plant & equipment 1,155,612 1,256,110 Total Property, plant and equipment, infrastructure 38,233,232 35,007,657 Land and buildings were revalued as at 1 July 2011 by the Western Australian Land Information Authority (Valuation Services). The valuations were performed during the year ended 30 June 2012 and recognised at 30 June 2012. In undertaking the revaluation, fair value was determined on the basis of current use of the land and determined by reference to depreciated replacement cost of the buildings and improvements. The valuer performs a physical site inspection every three years of buildings and improvements, with the most recent site inspection occurring during the year ended 30 June 2009. The cost of acquisitions between the physical inspection every three years is considered to approximate their fair value. Works of art is recognised in the financial statements at its fair value. Fair value is determined by reference to recent market transactions and the valuation is performed every three years with the most recent valuation carried out during the year ended 30 June 2009 by Bonhams and Goodman. The cost of acquisitions between revaluation periods is deemed to approximate their fair value. Assets other than land, buildings and improvements and works of art are valued at the cost of acquisition. Refer also note 2(g) ‘Property, plant and equipment, infrastructure’. 95
Page 1 and 2:
Zoological Parks Authority ANNUAL R
Page 3 and 4:
Page 5 and 6:
Page 7 and 8:
Page 9 and 10:
Page 11 and 12:
Page 13 and 14:
Page 15 and 16:
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 29 and 30:
Page 31 and 32:
Page 33 and 34:
Page 35 and 36:
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
Page 43 and 44: Zoological Parks Authority ANNUAL R
Page 93: Zoological Parks Authority ANNUAL R
Page 135: Zoological Parks Authority ANNUAL R
show all

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

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?