Annual Report 2010-11 - Zero Waste SA - SA.Gov.au
Annual Report 2010-11 - Zero Waste SA - SA.Gov.au
Annual Report 2010-11 - Zero Waste SA - SA.Gov.au
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57<br />
<strong>Zero</strong> <strong>Waste</strong> <strong>SA</strong><br />
Notes to and forming part of the Financial Statements<br />
For the Period Ended 30 June 20<strong>11</strong><br />
20 Cash flow reconciliation<br />
20<strong>11</strong> <strong>2010</strong><br />
$'000 $’000<br />
Reconciliation of cash and cash equivalents at the end of the reporting period:<br />
Cash and cash equivalents disclosed in the Statement of Financial Position 23,513 18,615<br />
Cash and cash equivalents disclosed in the Statement of Cash Flows 23,513 18,615<br />
Reconciliation of net cash provided by operating activities to net cost of providing services<br />
Net cash provided by operating activities 5,2<strong>11</strong> 4,748<br />
Less revenues from <strong>SA</strong> <strong>Gov</strong>ernment - (159)<br />
Less non-cash items<br />
Depreciation (48) (52)<br />
Net loss on disposal of assets - (2)<br />
Movement in assets and liabilities<br />
Increase/(decrease) in receivables 50 (12)<br />
Increase/(decrease) in other assets 9 -<br />
(Increase)/decrease in payables (Increase) in payables (235) (928)<br />
(Increase)/decrease in employee benefits (Increase) in employee benefits (122) (61)<br />
Decrease/(increase) in other liabilities 2 9<br />
Net cost of providing services 4,867 3,543<br />
21 Unrecognised contractual commitments 20<strong>11</strong> <strong>2010</strong><br />
Operating lease commitments<br />
Commitments in relation to operating leases contracted for at the reporting date but not recognised as liabilities are<br />
payable as follows:<br />
$'000 $’000<br />
Within one year 209 202<br />
Later than one year but not later than five years 609 791<br />
Total: Operating lease commitments 818 993<br />
The operating lease held by ZW<strong>SA</strong> is a property lease with a penalty cl<strong>au</strong>se equal to the amount of the residual payments remaining for the lease<br />
terms. The lease is payable one month in advance and ZW<strong>SA</strong> has the right of renewal. There are no existing or contingent rental provisions.<br />
Remuneration commitments<br />
Commitments for the payment of salaries and other remuneration under fixed-term employment contracts in existence at<br />
the reporting date but not recognised as liabilities are payable as follows:<br />
20<strong>11</strong> <strong>2010</strong><br />
$'000 $’000<br />
Within one year 219 214<br />
Later than one year but not later than five years 142 350<br />
Total: Remuneration commitments 361 564<br />
Amounts disclosed include commitments arising from executive and other service contracts. ZW<strong>SA</strong> does not offer fixed-term remuneration contracts<br />
greater than five years.<br />
22 Contingent assets and liabilities<br />
ZW<strong>SA</strong> is not aware of the existence of any contingent assets or contingent liabilities.<br />
23 Remuneration of board members<br />
Members that were entitled to receive remuneration for membership during the <strong>2010</strong>/20<strong>11</strong> financial year were:<br />
<strong>Zero</strong> <strong>Waste</strong> Board<br />
Brennan, F N (appointed 7 October <strong>2010</strong>)<br />
Dyson, M F N<br />
Harvey, A E<br />
Hill, C C<br />
Holmes, A N *<br />
Jeffries, L M<br />
Morton, M L<br />
Prince, A V<br />
Spirat, T *(resigned 13 July <strong>2010</strong>)<br />
Tate, J S (resigned 3 September <strong>2010</strong>)<br />
Withers, M P (appointed 7 October <strong>2010</strong>)<br />
* Denotes government employees<br />
The number of members whose remuneration received or receivable falls within the following bands:<br />
No. of board<br />
members<br />
20<strong>11</strong> <strong>2010</strong><br />
No. of board<br />
members<br />
$0 - $9 999 <strong>11</strong> 9<br />
<strong>11</strong> 9<br />
Macintosh HD: ZERO WASTE:ZERO WASTE <strong>SA</strong> 2012:ZW<strong>SA</strong> ANNUAL REPORT 20<strong>11</strong>.12:ZW<strong>SA</strong>_AFS_20<strong>11</strong> June <strong>11</strong> TB180820<strong>11</strong> Audit final.xls<br />
Notes, 8/2/12<br />
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