Annual Report 2010-11 - Zero Waste SA - SA.Gov.au

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56 Movement reconciliation of property, plant and equipment: 2011 Zero Waste SA Notes to and forming part of the Financial Statements For the Period Ended 30 June 2011 Land Buildings Park infrastructure Roads, tracks & Mo Com vea putin Furniture & fittings Plant & equipment 2011 Sub-total $'000 trails $'000 $'000 ble $'000 g $'000 $'000 $'000 $'000 $'000 Carrying amount at the start of period - - 248 10 258 Additions - - 313 - 313 Depreciation expense - - (45) (3) (48) Carrying amount at the end of period - - 516 7 523 2010 Land Buildings Park infrastructure Roads, tracks & Mo Com vea putin Furniture & fittings Plant & equipment 2010 Sub-total $'000 trails $'000 $'000 ble $'000 g $'000 $'000 $'000 $'000 $'000 Carrying amount at the start of period - - 293 14 307 Additions - - - - - - Depreciation expense - 0 - (45) (2) (47) Disposals - - - - (2) (2) Carrying amount at the end of period - 0 - 248 10 258 17 Payables 2011 2010 $'000 $’000 Current Accrued expenses 25 17 Creditors 1,681 1,479 Employee benefit on-costs 53 37 Total: Current payables 1,759 1,533 Payables to entities within the SA Government Accrued expenses 12 12 Creditors 42 22 Employee benefit on-costs 53 37 Total: Current payables to entities within the SA Government 107 71 Non-current Employee benefit on-costs 63 54 Total: Non-current payables 63 54 Payables to entities within the SA Government Employee benefit on-costs 54 54 Total: Non-current payables to entities within the SA Government 54 54 Employment on-costs As a result of an actuarial assessment performed by the Department of Treasury and Finance, the percentage of the proportion of long service leave taken as leave has changed from the 2010 rate 45% to 35% and the average factor for the calculation of employer superannuation cost on-cost has changed from the 2010 rate 10.5% to 10.3%. These rates are used in the employment oncost calculation. The net financial effect of the changes in the current financial year is a decrease in the employment on-cost of $8 800 and employee benefit expense of $8 800. 18 Employee benefits 2011 2010 $'000 $’000 Current Accrued salaries and wages - 60 Annual leave 225 124 Long service leave 29 78 Total: Current employee benefits 254 262 All employee benefit amounts shown above are expected to be paid within 12 months after reporting date. Non-current Long service leave 677 547 Total: Non-current employee benefits 677 547 As a result of an actuarial assessment performed by the Department of Treasury and Finance, the benchmark for the measurement of long service leave liability has changed from the 2010 benchmark of 5.5 years to 5.0 years. The net financial effect of the changes in the current financial year is an increase in the long service leave liability of $12 100 and employee benefit expense of $12 100. The impact on future periods is impracticable to estimate as the benchmark is calculated using a number of assumptions - a key assumption is the long-term discount rate. With current conditions, the long term rate is experiencing significant movement. 19 Other liabilities 2011 2010 $'000 $’000 Current Other 6 8 Total: Current other liabilities 6 8 Macintosh HD: ZERO WASTE:ZERO WASTE SA 2012:ZWSA ANNUAL REPORT 2011.12:ZWSA_AFS_2011 June 11 TB18082011 Audit final.xls Notes, 14/2/12 Page 18 of 21
57 Zero Waste SA Notes to and forming part of the Financial Statements For the Period Ended 30 June 2011 20 Cash flow reconciliation 2011 2010 $'000 $’000 Reconciliation of cash and cash equivalents at the end of the reporting period: Cash and cash equivalents disclosed in the Statement of Financial Position 23,513 18,615 Cash and cash equivalents disclosed in the Statement of Cash Flows 23,513 18,615 Reconciliation of net cash provided by operating activities to net cost of providing services Net cash provided by operating activities 5,211 4,748 Less revenues from SA Government - (159) Less non-cash items Depreciation (48) (52) Net loss on disposal of assets - (2) Movement in assets and liabilities Increase/(decrease) in receivables 50 (12) Increase/(decrease) in other assets 9 - (Increase)/decrease in payables (Increase) in payables (235) (928) (Increase)/decrease in employee benefits (Increase) in employee benefits (122) (61) Decrease/(increase) in other liabilities 2 9 Net cost of providing services 4,867 3,543 21 Unrecognised contractual commitments 2011 2010 Operating lease commitments Commitments in relation to operating leases contracted for at the reporting date but not recognised as liabilities are payable as follows: $'000 $’000 Within one year 209 202 Later than one year but not later than five years 609 791 Total: Operating lease commitments 818 993 The operating lease held by ZWSA is a property lease with a penalty clause equal to the amount of the residual payments remaining for the lease terms. The lease is payable one month in advance and ZWSA has the right of renewal. There are no existing or contingent rental provisions. Remuneration commitments Commitments for the payment of salaries and other remuneration under fixed-term employment contracts in existence at the reporting date but not recognised as liabilities are payable as follows: 2011 2010 $'000 $’000 Within one year 219 214 Later than one year but not later than five years 142 350 Total: Remuneration commitments 361 564 Amounts disclosed include commitments arising from executive and other service contracts. ZWSA does not offer fixed-term remuneration contracts greater than five years. 22 Contingent assets and liabilities ZWSA is not aware of the existence of any contingent assets or contingent liabilities. 23 Remuneration of board members Members that were entitled to receive remuneration for membership during the 2010/2011 financial year were: Zero Waste Board Brennan, F N (appointed 7 October 2010) Dyson, M F N Harvey, A E Hill, C C Holmes, A N * Jeffries, L M Morton, M L Prince, A V Spirat, T *(resigned 13 July 2010) Tate, J S (resigned 3 September 2010) Withers, M P (appointed 7 October 2010) * Denotes government employees The number of members whose remuneration received or receivable falls within the following bands: No. of board members 2011 2010 No. of board members $0 - $9 999 11 9 11 9 Macintosh HD: ZERO WASTE:ZERO WASTE SA 2012:ZWSA ANNUAL REPORT 2011.12:ZWSA_AFS_2011 June 11 TB18082011 Audit final.xls Notes, 8/2/12 Page 19 of 21
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Annual Report 2010-11
Page 3 and 4:
AVOID • REDUCE • REUSE • RECY
Page 5 and 6:
V Zero Waste SA’s Household Hazar
Page 7:
VII Food Waste Incentives Zero Wast
Page 10 and 11:
2 Who we are Zero Waste SA’s prim
Page 12 and 13:
4 The Zero Waste SA Board The Zero
Page 14 and 15: 6 Zero Waste SA Board - Governance
Page 16 and 17: 8 A major focus during the year was
Page 18 and 19: 10 The Facebook page gives updates
Page 20 and 21: 12 The 2010-11 communications spons
Page 22 and 23: 14 Incentives Sustainable markets a
Page 24 and 25: 16 The new recycling facility is fu
Page 26 and 27: 18 Product stewardship is an approa
Page 28 and 29: 20 Stakeholders, partnering and lin
Page 30 and 31: 22 The trials tested a range of mea
Page 32 and 33: 24 The Zero Waste SA Centre will co
Page 34 and 35: 26 Zero Waste SA is continuing to a
Page 36 and 37: 28 Litter and Illegal Dumping Illeg
Page 38 and 39: 30 The aluminium and mercury will b
Page 40 and 41: 32 OzHarvest’s food rescue progra
Page 42 and 43: 34 Targets for waste reduction and
Page 44 and 45: 36 Statutory Reporting Obligations
Page 46 and 47: 38 The organisation continues to se
Page 51 and 52: 43 Expenses Zero Waste SA Statement
Page 53 and 54: 45 Zero Waste SA Statement of Chang
Page 55 and 56: 47 Zero Waste SA Note Index For the
Page 57 and 58: 49 Zero Waste SA Notes to and formi
Page 63: 55 Zero Waste SA Notes to and formi
Page 69: 61 Zero Waste SA Level 8 Statewide
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Annual Report 2010-11 - Zero Waste SA - SA.Gov.au

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