here - SMDA - NSW Government

More documents

Recommendations

Info

Financials - Sydney Metropolitan Development Authority Notes to the Financial Statements for year ending 30 June 2012 Present value of partly funded defined benefit obligation at end of year SASS SANCS SSS TOTAL 30-Jun-11 30-Jun-11 30-Jun-11 30-Jun-11 $’000 $’000 $’000 $’000 83 146 -- 229 Fair value of Fund assets at end of year (24) (35) -- (59) Subtotal 59 111 -- 170 Unrecognised past service cost -- -- -- -- Unrecognised gain/(loss) -- -- -- -- Adjustment for limitation on net asset -- -- -- -- Net Liability recognised in statement of financial position at end of year 59 111 -- 170 (e) Expense recognised in income statement {AASB 119 – paragraph 46 & 120A(g)} SASS SANCS SSS TOTAL 30-Jun-12 30-Jun-12 30-Jun-12 30-Jun-12 Components Recognised in Income Statement $’000 $’000 $’000 $’000 Current service cost 10 6 -- 16 Interest cost 4 7 -- 11 Expected return on Fund assets (net of expenses) (2) (3) -- (4) Actuarial losses/(gains) recognised in year -- -- -- -- Past service cost -- -- -- -- Movement in adjustment for limitation on net asset -- -- -- -- Curtailment or settlement (gain)/loss -- -- -- -- Expense recognised 12 10 -- 22 SASS SANCS SSS TOTAL 30-Jun-11 30-Jun-11 30-Jun-11 30-Jun-11 Components Recognised in Income Statement $’000 $’000 $’000 Current service cost 9 4 -- 13 Interest cost 15 13 -- 27 Expected return on Fund assets (net of expenses) (20) (13) -- (33) Actuarial losses/(gains) recognised in year -- -- -- -- Past service cost -- -- -- -- Movement in adjustment for limitation on net asset -- -- -- -- Curtailment or settlement (gain)/loss -- -- -- -- Expense/(income) recognised 4 4 -- 8 44 SYDNEY METROPOLITAN DEVELOPMENT AUTHORITY
(f) Amounts recognised in other comprehensive income {AASB 119 – paragraph 120A(h)} SASS SANCS SSS TOTAL 30-Jun-12 30-Jun-12 30-Jun-12 30-Jun-12 $’000 $’000 $’000 $’000 Actuarial (gains)/losses (4) 14 -- 10 Adjustment for limit on net asset -- -- -- -- SASS SANCS SSS TOTAL 30-Jun-11 30-Jun-11 30-Jun-11 30-Jun-11 $’000 $’000 $’000 $’000 Actuarial losses 50 10 -- 60 Adjustment for limit on net asset -- -- -- -- (g) Fund assets {AASB 119 – paragraph 120A(j)} The percentage invested in each asset class at the balance sheet date: 30-Jun-12 30-Jun-11 Australian equities 28.0% 33.4% Overseas equities 23.7% 29.5% Australian fixed interest securities 4.9% 5.7% Overseas fixed interest securities 2.4% 3.1% Property 8.6% 9.9% Cash 19.5% 5.1% Other 12.9% 13.3% (h) Fair value of Fund assets {AASB 119 – paragraph 120A(k)} All Fund assets are invested by STC at arm’s length through independent fund managers. (i) Expected rate of return on assets {AASB119 – paragraph 120A(l)} The expected return on assets assumption is determined by weighting the expected long-term return for each asset class by the target allocation of assets to each class. The returns used for each class are net of investment tax and investment fees. (j) Actual Return on Fund Assets {AASB 119 – paragraph 120A(m)} SASS SANCS SSS TOTAL 30-Jun-12 30-Jun-12 30-Jun-12 30-Jun-12 $’000 $’000 $’000 $’000 Actual return on Fund assets -- -- -- -- SASS SANCS SSS TOTAL 30-Jun-11 30-Jun-11 30-Jun-11 30-Jun-11 $’000 $’000 $’000 $’000 Actual return on Fund assets 12 7 -- 19 2011-12 ANNUAL REPORT 45
Page 1 and 2: SYDNEY METROPOLITAN DEVELOPMENT AUT
Page 3 and 4: Contents 4 To the Minister 5 Statem
Page 5 and 6: Statement from the Chairperson and
Page 7 and 8: Board Members Dr Col Gellatly AO B
Page 9 and 10: Giovanni Cirillo BUrbRegPlan (Hons)
Page 11 and 12: Redfern-Waterloo Precinct Redfern W
Page 13 and 14: -- Ensure interpretive devices and
Page 15 and 16: Social Inclusion Socially Inclusive
Page 17 and 18: Statement by Members of the Board S
Page 19 and 20: 2011-12 ANNUAL REPORT 19
Page 21 and 22: Financials - Sydney Metropolitan De
Page 23 and 24: Financials - Sydney Metropolitan De
Page 25 and 26: (g) Accounting for the Goods and Se
Page 27 and 28: -- Buildings 40 years -- Leasehold
Page 29 and 30: Unused non-vesting sick leave does
Page 31 and 32: 2 Expenses Excluding Losses (a) Con
Page 33 and 34: Consolidated Consolidated SMDA SMDA
Page 37 and 38: 10 (b) Reconciliation of movements
Page 41 and 42: SASS SANCS SSS TOTAL 30-Jun-12 30-J
Page 43: (c) Reconciliation of the fair valu
Page 49 and 50: 16 Increase in Net Assets from Equi
Page 53 and 54: (a) Financial instruments categorie
Page 55 and 56: (c ) Liquidity risk Liquidity risk
Page 57 and 58: Interest rate risk $’000 Consolid
Page 59 and 60: Consolidated Impact on profit/loss
Page 61 and 62: Internal Audit and Risk Management
Page 63 and 64: 2011-12 ANNUAL REPORT 63
Page 65 and 66: Financials - The Office of Sydney M
Page 73 and 74: 30 June 2012 30 June 2011 $’000 $
Page 77 and 78: (c) Reconciliation of the fair valu
Page 79 and 80: (e) Expense recognised in income st
Page 81 and 82: (iii) Demographic Assumptions The d
Page 83 and 84: (d) Economic assumptions The econom
Page 85 and 86: Staff Numbers by Employment Basis a
Page 87 and 88: Payment of Accounts All agreed acco
Page 89 and 90: Table A: Number of applications by
Page 91 and 92: Index Aims & Objectives 6 Appendice

here - SMDA - NSW Government

Create successful ePaper yourself

Delete template?

Save as template?