Port Hedland Port Authority Annual Report 2011 - Parliament of ...

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Reconciliations Reconciliations of the carrying amounts of each class of property, plant and equipment and work in progress at the beginning and end of the current and previous financial year are set out below: PPE Freehold Buildings and port Capital Wharves and Other land improvement dredging Navigation aids utilities equipment Total $'000 $'000 $'000 $'000 $'000 $'000 $'000 Carrying Amount at 1 July 2010 1,305 12,854 1,972 3,203 30,217 9,798 59,349 Adds& Transfers - 112,005 8,165 7 70,285 114,355 304,817 Disposals - (11) - (5) - (51) (67) Depreciation Expense - (3,966) (196) (224) (2,304) (5,977) (12,667) Carrying Amount at 30 June 2011 1,305 120,882 9,941 2,981 98,198 118,125 351,432 WIP Freehold land Buildings and port improvement Capital dredging Navigation aids Wharves and utilities Other equipment $'000 $'000 $'000 $'000 $'000 $'000 $'000 Total Carrying Amount at 1 July 2010 - - 8,164 - 230,130 - 238,294 Adds& Transfers - - (8,164) - (230,130) - (238,294) Carrying Amount at 30 June 2011 - - - - - - - Impairment of Assets There were no indications of impairment to property, plant and equipment as at 30 June 2011. The Authority held no goodwill or intangible assets with an indefinite useful life at reporting date. All surplus assets at 30 June 2011 have been classified as non-current assets held for sale or written off. Page 68
Note 14. Non-Current Assets 2011 2010 Deferred Tax Assets $'000 $'000 The Balance Comprises Temporary Differences Attributable to: Movements: Opening Balance at 1 July 1,316 1,002 Charged/(Credit) to the Statement of comprehensive income 16,006 314 Movement Attributable to the Prior Year Adjustments 5,829 - Closing Balance at 30 June 23,151 1,316 Amounts recognised in profit or loss: Accrued Expenses 25 46 Employee Benefits 634 570 Incentive Provision 4 7 Borrowing Expenses 55 - Income Received in Advance - 394 Capital Works Expenditure 3,104 39 Fixed Assets 409 256 Forward FX Contract - 4 Sundry Items 29 - Other: Rehabilitation Contribution 19,774 - 24,034 1,316 Other Non-Current Assets Rehabilitation Costs Receivable 39,729 43,118 39,729 43,118 Note 15. Current Liabilities Trade and Other Payables Trade and Other Payables 5,885 17,699 Rental Received in Advance 1,846 1,312 Other Payables 7,408 731 Accrued Expenses 4,823 20,361 19,962 40,103 Interest Bearing Borrowings WA Treasury Corporation Loans 15,000 5,000 15,000 5,000 Page 69
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Port Hedland Port Authority Annual
Page 3 and 4:
CONTENTS 05 Who We Are 07 Year in R
Page 5 and 6:
005 WHO WE ARE OUR VISION, MISSION,
Page 7 and 8:
007 With a trade record of 199 mill
Page 9 and 10:
009 OUR HISTORY 1896 Construction o
Page 11 and 12:
011 and has commenced construction
Page 13 and 14:
013 JAN FORD Dip Business (RE) Dire
Page 15 and 16:
015 OUR EXECUTIVE CAPTAIN LINDSAY C
Page 17 and 18: “The PHPA provides and maintains
Page 20 and 21: Our SENIOR MANAGEMENT
Page 22 and 23: 022 “This section discusses the s
Page 24 and 25: 024 The Walk provides a connection
Page 26 and 27: 026 Orange Ball, Port Hedland Speed
Page 28 and 29: 028 berths at BHP’s Harriet Point
Page 30 and 31: 030 for Port Hedland having to be d
Page 32 and 33: 032 Ratio of Accident/Total Vessel
Page 34 and 35: 034 OUR PEOPLE PEOPLE and CULTURE T
Page 36 and 37: 036 Code of Conduct The code of con
Page 38: 038 Organisational Structure Board
Page 41 and 42: 041 OUR ENVIRONMENT Environmental M
Page 43 and 44: 043 Mangrove Research Further work
Page 45 and 46: 045 The PHPA and the Board are comm
Page 47 and 48: 047 • A comprehensive annual insu
Page 49 and 50: PORT HEDLAND PORT AUTHORITY FINANCI
Page 51 and 52: Figure 1 - PHPA OPERATING REVENUE &
Page 53 and 54: Statement of Financial Position as
Page 55 and 56: Statement of Cash Flows for the Yea
Page 57 and 58: Various assumptions are required in
Page 59 and 60: The collectability of receivables i
Page 61 and 62: In addition, the long service leave
Page 63 and 64: Note 3. Revenue Revenue consists of
Page 65 and 66: Note 8. Income Tax Expense 2011 201
Page 67: Note 12. Current Assets - Inventori
Page 71 and 72: Note 17. Non Current Liabilities De
Page 73 and 74: Note 20. Financial Instruments (a)
Page 75 and 76: 2011 Weighted Average Effective Int
Page 77 and 78: Note 21. Director and Executive Dis
Page 79 and 80: Note 22. Remuneration of Auditors R
Page 81 and 82: Note 26. Events Occurring after the
Page 83 and 84: Page 83
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