Royal Botanic Gardens Victoria Annual Report 2018-19

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8. OTHER DISCLOSURES 8. OTHER DISCLOSURES Introduction This section includes additional material disclosures required by accounting standards or otherwise, for the understanding of this financial report. Structure 8.1 Other economic flows included in net result ……………….......... 108 8.2 Non-financial assets held-for-sale….…………….....…..………… 108 8.3 Reserves.……….……...…….……..…..…....…......……...…….109 8.4 Responsible persons…….....………….……..….………….…………. 109 8.5 Remuneration of executives………..…………..…...…………………… 110 8.6 Related parties…………..………..….……………..………………………… 110 8.7 Remuneration of auditors………...….….…….………..…………….... 111 8.8 Other accounting policies..………….…………..…..….…………111 8.9 Change in accounting policies...………...…...…………….……….. 111 8.10 Australian Accounting Standards issued that are not yet effective…………………..………......………………………….112 8.11 Glossary of technical terms………...……………….………………… 114 8.12 Style conventions………….……….…..………………………………. 37 116 8.1 Other economic flows included in net result Other economic flows are changes in the volume or value of an asset or liability that do not result from transactions. Other gains/(losses) from other economic flows include the gains or losses from the revaluation of the present value of the long service leave liability due to changes in the bond interest rates. Net gain/(loss) on non-financial assets Net gain/(loss) on disposal of property, plant and equipment 19,062 Impairment of property, plant and equipment - Write down of inventory (4,917) 14,145 Net gain/(loss) on financial instruments Net FX gain/(loss) arising from foreign cash held (535) (535) Other gains/(losses) from economic flows Net gain/(loss) arising from revaluation of long service leave liability 168,181 168,181 2019 $ 2018 $ 13,288 - (2,524) 10,764 1,540 1,540 4,523 4,523 8.2 Non-financial assets held-for-sale The following non-financial assets held-for-sale exist at the reporting date: 2019 $ 2018 $ Non-current assets Leased vehicles held-for-sale (a) - - Liabilities Finance lease liabilities - - 19,756 19,756 17,646 17,646 Note (a): The Board holds vehicles under the leasing arrangement with DTF which are awaiting sale at the end of the reporting period. No impairment loss was recognised on re-classification of vehicles held-for-sale or at the end of the reporting period. 108 Royal Botanic Gardens Board Victoria 2018-19 Financial Report Page 31
8. OTHER DISCLOSURES 8.3 Reserves Physical asset revaluation surplus 2019 $ 2018 $ Balance at beginning of financial year 555,102,922 Revaluation increments/(decrements) - Balance at end of financial year 555,102,922 Net change in reserves 555,102,922 498,826,315 56,276,607 555,102,922 555,102,922 8.4 Responsible persons In accordance with the Ministerial Directions issued by the Minister for Finance under the Financial Management Act 1994 , the following disclosures are made regarding responsible persons for the reporting period: Names The persons who held the positions of Minister, Governing Board and Accountable Officer of the Royal Botanic Gardens Victoria are as follows: Minister Minister for Energy, Environment and Climate Change Hon Lily D'Ambrosio MP 1 July 2018 to 30 June 2019 Governing Board Chairman Deputy Chairman Member Member Member Member Member Accountable Officer Director and Chief Executive Mr Ken Harrison AM Mrs Penny Fowler Professor Rob Adams AM Professor Antony Bacic Ms Jillian Riseley Ms Susanne Williamson Ms Jennifer Wolcott Professor Tim Entwisle 1 July 2018 to 30 June 2019 1 July 2018 to 30 June 2019 1 July 2018 to 28 September 2018 1 July 2018 to 30 June 2019 1 July 2018 to 30 June 2019 1 July 2018 to 30 June 2019 1 July 2018 to 30 June 2019 1 July 2018 to 30 June 2019 Remuneration Remuneration received or receivable by responsible persons, other than the Minister, in connection with the management of the Board during the period is as follows: 2019 $0 - $9,999 6 $10,000 - $19,999 1 $290,000 - $299,000 - $300,000 - $309,999 1 Total numbers 8 2018 $ 6 1 1 - 8 ROYAL BOTANIC GARDENS BOARD VICTORIA — ANNUAL REPORT 2018–19 109 Royal Botanic Gardens Board Victoria 2018-19 Financial Report Page 32
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Royal Botanic Gardens Victoria Annu
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TABLE OF CONTENTS Chairman’s Fore
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A family enjoy a peaceful moment at
Page 7 and 8:
Visitors admiring a tree on Oak Law
Page 9 and 10:
ROYAL BOTANIC GARDENS BOARD VICTORI
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ROYAL BOTANIC GARDENS BOARD VICTORI
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Our Organisation Royal Botanic Gard
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“Our Gardens are the living heart
Page 17 and 18:
“We always seem to find our way b
Page 19 and 20:
Specimens from the State Botanical
Page 21 and 22:
Ms Susanne Williamson GAICD Appoint
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EXECUTIVE TEAM AS AT 30 JUNE 2019 D
Page 25 and 26:
Our People “We are the custodians
Page 27 and 28:
Table 4: Details of employment leve
Page 29 and 30:
Our Performance We embrace our resp
Page 31 and 32:
Table 6: Financial results for 2018
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Our Achievements The Royal Botanic
Page 35 and 36:
Exemplar sheet of Eucalyptus globul
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Genomics for Australian Plants (GAP
Page 39 and 40:
VicFlora Usage September 2016 to De
Page 41 and 42:
Field work on a high altitude rock
Page 43 and 44:
2. Inspiring Plant Learning OUR COM
Page 45 and 46:
The marketing and tourism teams att
Page 47 and 48:
Getting kids involved in Indigenous
Page 49 and 50:
Bush Foods at Melbourne Gardens Ear
Page 51 and 52:
The media launch of the STIHL partn
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Table 11: Overview of specific acti
Page 55 and 56:
Brilliant Sun-orchid (Thelymitra ma
Page 57 and 58:
Cranbourne Gardens HIGH QUALITY LAN
Page 59 and 60: The delegates at the Climate Change
Page 61 and 62: Table 12: Overview of specific acti
Page 63 and 64: Progress was made toward achieving
Page 65 and 66: Melbourne Gardens irrigation water
Page 67 and 68: Bianca Carnovale, Supervisor Visito
Page 69 and 70: Action 2018-19 Specific actions Ove
Page 71 and 72: Eyre Peninsula Blue Gum (Eucalyptus
Page 73 and 74: A dedicated seat at Melbourne Garde
Page 75 and 76: Corporate Partners and Sponsors Roy
Page 77 and 78: Herbarium Volunteers Marina Albert
Page 79 and 80: A Kangaroo Paw flower (Anigozanthos
Page 81 and 82: ROYAL BOTANIC GARDENS BOARD VICTORI
Page 83 and 84: Balance sheet As at 30 June 2019 No
Page 85 and 86: Statement of changes in equity For
Page 87 and 88: 2. FUNDING DELIVERY OF OUR SERVICES
Page 89 and 90: 2. FUNDING DELIVERY OF OUR SERVICES
Page 91 and 92: 3. THE COST OF DELIVERING SERVICES
Page 93 and 94: 3. THE COST OF DELIVERING SERVICES
Page 95 and 96: 4. KEY ASSETS AVAILABLE TO SUPPORT
Page 97 and 98: 5. OTHER ASSETS AND LIABILITIES Oth
Page 99 and 100: 6. HOW WE FINANCE OUR OPERATIONS In
Page 101 and 102: 7. RISKS, CONTINGENCIES AND VALUATI
Page 109: 7. RISKS, CONTINGENCIES AND VALUATI
Page 113 and 114: 8. OTHER DISCLOSURES Compensation p
Page 115 and 116: 8. OTHER DISCLOSURES Standard/ Inte
Page 117 and 118: 8. OTHER DISCLOSURES Infrastructure
Page 119 and 120: Independent Auditor’s Report pin
Page 121 and 122: Appendix One: Disclosure Index The
Page 123 and 124: Legislation Requirement Page refere
Page 125 and 126: Information and Communications Tech
Page 127 and 128: LEGISLATION The Royal Botanic Garde
Page 130: Cover image: Learning Facilitator,
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Royal Botanic Gardens Victoria Annual Report 2018-19

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