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

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(e) Interest rate sensitivity analysis and price risk The following table represents a summary of the interest rate sensitivity of the Authority’s financial assets and liabilities at the Statement of Financial Position date on the surplus for the period and equity for a 1% change in interest rates. It is assumed that the change in interest rates is held constant throughout the reporting period. Interest rate sensitivity analysis 2010/11 Carrying -1% change +1% change amount Profit Equity Profit Equity ($000's) ($000's) ($000's) ($000's) ($000's) Financial Assets Cash and cash equivalents 27,632 (276) (276) 276 276 Financial Liabilities Borrowings 208,700 (2,087) (2,087) 2,087 2,087 Other financial liabilities Interest rate sensitivity analysis 2009/10 Carrying -1% change +1% change amount Profit Equity Profit Equity ($000's) ($000's) ($000's) ($000's) ($000's) Financial Assets Cash and cash equivalents 50,393 (504) (504) 504 504 Financial Liabilities Borrowings 138,700 (1,387) (1,387) 1,387 1,387 Other financial liabilities Page 76
Note 21. Director and Executive Disclosures (a) Directors The following persons were directors of Port Hedland Port Authority during the financial year: Chairman – Non Executive I Williams Directors – Non Executive M Currie J Ford L Longden A Riley (resigned December 2010) J Tapp E Fear (appointed June 2011) Alternate Directors – Non Executive R Richardson (resigned May 2011) C Campbell (appointed May 2011) Directors’ Emoluments The emoluments of each Director of the Authority are as follows: 2011 Director Directors’ Fees Committee Fees Superannuation Benefits Allowance Non Cash Benefits I Willams 45,000 - 4,050 - - 49,050 L Longden 25,000 - 2,250 - - 27,250 J Tapp 16,500 - 1,485 - - 17,985 J Ford 16,500 - 1,485 - - 17,985 A Riley 8,567 - 771 - - 9,338 M Currie* 16,500 - - - - 16,500 E Fear - - - - - - * Directors’ fees are paid to the Director’s respective employers. Total 2010 Director Directors’ Fees Committee Fees Superannuation Benefits Allowance Non Cash Benefits I Williams 45,000 - 4,050 - - 49,050 A Cooke 10,153 - 914 - - 11,067 M Dziombak 4,442 - 400 - - 4.842 R Richardson* 6,875 - - - - 6,875 M Currie* 9,625 - - - - 9,625 J Ford 16,373 - 1,473 - - 17,846 L Longden 18,462 - 1,661 - - 20,123 A Riley 7,044 - 634 - - 7,678 J Tapp 16,373 - 1,473 - - 17,846 Total * Directors’ fees are paid to the Directors’ respective employers. Page 77
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Port Hedland Port Authority Annual
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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
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009 OUR HISTORY 1896 Construction o
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011 and has commenced construction
Page 13 and 14:
013 JAN FORD Dip Business (RE) Dire
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015 OUR EXECUTIVE CAPTAIN LINDSAY C
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“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 and 68: Note 12. Current Assets - Inventori
Page 69 and 70: Note 14. Non-Current Assets 2011 20
Page 71 and 72: Note 17. Non Current Liabilities De
Page 73 and 74: Note 20. Financial Instruments (a)
Page 75: 2011 Weighted Average Effective Int
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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Port Hedland Port Authority Annual Report 2011 - Parliament of ...

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