Annual Report 2001-2002 - Tourism Western Australia - The ...

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Financial Statements for the year ended 30 June 2002 Statement of Financial Performance for the year ended 30 June 2002 Expenses from Ordinary Activities Cost of Services Note 2002 $’000 2001 $’000 Administration Expenses 3 3,732 4,217 Advertising and Promotions 3 13,607 8,980 Bad Debts Written Off 23 1 5 Capital User Charge 4 426 - Commissioners’ Fees and Expenses 202 274 Communication Expenses 740 630 Computer Expenses 683 581 Contract for Service – Perth Convention Bureau 1,010 1,015 Depreciation 5 416 419 Doubtful Debts Expense 35 59 Event Operations 6 12,591 9,481 Grants for Tourist Facilities and Organisations 2,752 2,494 Borrowing Costs Expense 3 4 Office Accommodation and Equipment Rentals 1,656 1,675 Perth Convention and Exhibition Centre 7 - 1,582 Salaries and Wages 3 7,952 7,686 Superannuation 3 483 697 Total Cost of Services 46,289 39,799 Revenues from Government 2002 2001 Note $’000 $’000 Recurrent Appropriation 2 32,011 31,469 Capital Appropriation 2 1,004 4,500 Grants Received 3 3,000 - Transfers to Other Agencies (2,956) - Resources Received Free-of-Charge 2, 8 52 32 Transfer to Rottnest Island Authority 2 (1,015) (2,075) Total Revenues from Government 2 32,096 33,926 Change in Net Assets (4,538) 3,482 Net increase (decrease) in Asset Revaluation Reserve Total changes in equity other than those resulting from transactions with WA State Government as owners 10 (110) (4,428) 3,372 The Statement of Financial Performance should be read in conjunction with the accompanying notes. W A Revenues from Ordinary Activities Revenue from Operating Activities Hopman Cup Venture 9 80 7 Event Operations 6 4,678 4,388 Industry Contribution 3 3,496 3,052 Net Profit on Disposal of Non-Current Assets 19 7 7 Travel Agents’ Commission 529 681 Revenue from Non-operating Activities Interest Revenue 3 322 609 Other Revenue from Ordinary Activities 543 611 Total Revenues from Ordinary Activities 9,655 9,355 Net Cost of Services 36,634 30,444 Western Australian Tourism Commission Western Australian Tourism Commission 68 Annual Report 2001-200202 Wester n Australian Tourism Commission Annual Report 2001-2002
Financial Statements for the year ended 30 June 2002 Statement of Financial Position at 30 June 2002 Note 2002 $’000 2001 $’000 Current Assets Cash Assets 18 3,519 11,237 Restricted Cash Assets 18 152 851 Receivables 9 4,683 1,067 Amounts Receivable for Outputs 10 424 Other Assets 11 1,965 845 Total Current Assets 10,743 14,000 Non-current Assets Land 12 2,640 2,630 Leasehold Improvements 12 152 212 Furniture, Fittings and Equipment 12 310 364 Computer Equipment 12 458 444 Total Non-Current Assets 3,560 3,650 Note 2002 $’000 2001 $’000 Equity Reserves 17 2,640 2,630 Accumulated Surplus 17 2,855 7,391 Contributed Equity 17 482 - Total Equity 17 5,977 10,021 The Statement of Financial Position should be read in conjunction with the accompanying notes. Total Assets 14,303 17,650 Current Liabilities Payables 13 234 348 Other Liabilities 14 4,433 3,545 Interest Bearing Liabilities 15 27 33 Provisions 16 1,139 1,034 Total Current Liabilities 5,833 4,960 Non-current Liabilities Interest Bearing Liabilities 15 - 27 Provisions 16 2,493 2,642 Total Non-Current Liabilities 2,493 2,669 Total Liabilities 8,326 7,629 Net Assets 5,977 10,021 W A Western Australian Tourism Commission Western Australian Tourism Commission 69 Annual Report 2001-200202 Wester n Australian Tourism Commission Annual Report 2001-2002
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GOVERNMENT OF WESTERN AUSTRALIA W A
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V i s i o n , M i s s i o n a n d C
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Chairman’s Year in Review W A The
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Chief Executive’s Report Just as
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Report on Operations Contents Page
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Report on Operations 2001-2002 Oper
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Report on Operations Outcome 1.0 -
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Report on Operations Outcome 1.0 -
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Page 27 and 28: Report on Operations Output Perform
Page 33 and 34: Corporate Support, Structure and Go
Page 43 and 44: Compliance Statement The Honorable
Page 45 and 46: Appendices Research and Development
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Page 49 and 50: Key Performance Indicators Key Perf
Page 51 and 52: Key Performance Indicators Outcome
Page 67: Key Performance Indicators Outcome
Page 71 and 72: Notes to and Forming Part of the Fi
Page 87 and 88: Audit Opinion To the Parliament of
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