Annual Report 2010–2011, Part 2: Financial (1.8 ... - Tourism Victoria

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BALANCE SHEET AS AT 30 JUNE 2011 Assets <strong>Financial</strong> assets 2011 2010 Notes $ $ Cash and deposits 15 27,527,636 13,790,872 Receivables 4 1,454,147 10,693,575 Forward Foreign Currency Exchange Contract 14(d) 1,313,299 3,725,724 Investments 5 1 1 Total financial assets 30,295,084 28,210,172 Non-financial assets Non-financial physical asset classified as held for sale, including disposal group assets – 22,704 Prepayments 34,448 10,377 Property, plant and equipment 6 143,218 192,911 Total non-financial assets 177,665 225,992 Total assets 30,472,749 28,436,163 Liabilities Borrowings 8 115,292 189,717 Payables 7 7,073,517 6,773,958 Forward Foreign Currency Exchange Contract 14(d) 1,313,299 3,725,724 Provisions 9 2,646,726 2,507,073 Total liabilities 11,148,835 13,196,473 Net assets 19,323,914 15,239,690 Equity Accumulated surplus/(deficit) 19,323,914 15,239,690 Net worth 19,323,914 15,239,690 Commitments for expenditure 12 Contingent liabilities and contingent assets 13 The above balance sheet should be read in conjunction with the accompanying notes. 26 TOURISM VICTORIA ANNUAL REPORT 2010–11
STATEMENT OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 30 JUNE 2011 Accumulated surplus/(deficit) Total $ $ Balance at 1 July 2009 16,415,400 16,415,400 Net result from transactions (1,030,834) (1,030,834) Other economic flows included in net result (144,876) (144,876) Balance at 30 June 2010 15,239,690 15,239,690 Net result from transactions 4,218,639 4,218,639 Other economic flows included in net result (134,416) (134,416) Balance at 30 June 2011 19,323,913 19,323,913 The above statement of changes in equity should be read in conjunction with the accompanying notes. CASH FLOW STATEMENT FOR THE FINANCIAL YEAR ENDED 30 JUNE 2011 Cash flows from operating activities 2011 2010 Notes $ $ Receipts from government 141,484,383 65,908,732 Receipts from other entities 5,081,673 6,059,338 Net goods and services tax recovered from the ATO (i) 10,672,889 5,435,446 Interest received 1,098,613 896,115 Total receipts 158,337,557 78,299,630 Payments Payments to suppliers and employees (144,311,475) (86,059,771) Capital assets charge (47,004) (47,000) Interest and other cost of finance paid (19,816) (44,591) Total payments (144,378,295) (86,151,361) Net cash flows from/(used in) operating activities 15(b) 13,959,262 (7,851,731) Cash flows from investing activities Purchases of non-financial assets (56,123) (41,895) Proceeds from disposal of property, plant & equipment – – Sales of non-financial assets 38,660 – Net cash flows from/(used in) investing activities (17,463) (41,895) Cash flows from financing activities Repayment and disposal of finance leases (108,454) (2,652) Proceeds from borrowings 34,029 41,961 Net cash flows from/(used in) financing activities (74,425) 39,309 Net increase/(decrease) in cash and cash equivalents 13,867,374 (7,854,317) Cash and cash equivalents at beginning of financial year 13,790,871 21,790,256 Effect of exchange rate fluctuations on cash held in foreign currency (130,610) (145,067) Cash and cash equivalents at the end of the financial year 15(a) 27,527,635 13,790,871 The above cash flow statement should be read in conjunction with the accompanying notes. (i) Should note that GST paid to ATO is presented on a net basis 27
Page 1 and 2: Annual Report 2010-11
Page 3: COMPREHENSIVE OPERATING STATEMENT F
Page 7 and 8: Note 1. Summary of significant acco
Page 15 and 16: Note 3. Expenses from transactions
Page 17 and 18: Note 6. Property, plant and equipme
Page 19 and 20: Note 7. Payables Current Contractua
Page 21 and 22: Note 10. Superannuation Employees o
Page 23 and 24: Note 12. Commitments for expenditur
Page 25 and 26: Note 14. Financial instruments (con
Page 31 and 32: Note 15. Cash flow information 2011
Page 33 and 34: Note 17. Responsible persons In acc
Page 35 and 36: Note 18. Remuneration of executives
Page 37 and 38: Note 21. Glossary (continued) Forwa
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Page 41 and 42: DISCLOSURE INDEX The Annual Report

Annual Report 2010–2011, Part 2: Financial (1.8 ... - Tourism Victoria

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