2012 wintec annual report
2012 wintec annual report
2012 wintec annual report
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WINTEC ANNUAL<br />
REPORT <strong>2012</strong><br />
37<br />
Notes<br />
Actual<br />
<strong>2012</strong><br />
$’000<br />
CONSOLIDATED<br />
Budget<br />
<strong>2012</strong><br />
$’000<br />
Actual<br />
2011<br />
$’000<br />
Actual<br />
<strong>2012</strong><br />
$’000<br />
PARENT<br />
Budget<br />
<strong>2012</strong><br />
$’000<br />
Non-Current Liabilities<br />
Interest-bearing loans<br />
and borrowings<br />
14 7,160 14,000 7,240 7,160 14,000 7,240<br />
Provisions - - - - - -<br />
Employee entitlements 12 354 - 487 354 - 487<br />
Total Non-Current Liabilities 7,514 14,000 7,727 7,514 14,000 7,727<br />
TOTAL LIABILITIES 35,626 26,229 39,419 34,201 24,638 39,113<br />
NET ASSETS 122,525 126,210 119,975 123,267 127,642 120,180<br />
Actual<br />
2011<br />
$’000<br />
EQUITY<br />
General funds 103,761 109,184 100,127 104,424 110,616 100,217<br />
Restricted reserves 137 126 145 137 126 145<br />
Property revaluation reserve 18,706 16,900 19,817 18,706 16,900 19,817<br />
Total equity attributable<br />
to the institute<br />
122,604 126,210 120,090 123,267 127,642 120,180<br />
Non-controlling interest (79) - (115) - - -<br />
TOTAL EQUITY 15 122,525 126,210 119,975 123,267 127,642 120,180<br />
Explanation of major variances against budget are provided in note 22.<br />
The accompanying notes form part of these financial statements<br />
These financial statements were approved for signing by the Council on 23 April, 2013.<br />
FINANCIAL PERFORMANCE<br />
Mary Cave-Palmer<br />
Chair<br />
Paul Holloway<br />
Chief Financial Officer<br />
1<br />
2<br />
3<br />
4<br />
5<br />
6<br />
7<br />
8<br />
9<br />
10
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