Section 2 - Sugar Research and Development Corporation

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98 Sugar Research and Development Corporation NOTES OF THE FINANCIAL STATEMENTS Note 9: Cash fl ow reconcilation Reconciliation of cash and cash equivalents as per Balance Sheet to Cash Flow Statement SRDC Annual Report 2010–2011 2011 $’000 2010 $’000 Cash and cash equivalents as per: Cash fl ow statement 9,153 9,990 Balance sheet 9,153 9,990 Difference – – Reconciliation of net cost of services to net cash from operating activities: Net cost of services (5,702) (5,158) Add revenue from Government 5,867 5,817 Adjustments for non-cash items Depreciation / amortisation 42 69 Loss on disposal of assets 1 8 Changes in assets / liabilities (Increase) / decrease in net receivables (1,115) (120) (Increase) / decrease in prepayments (19) 23 Increase / (decrease) in employee provisions 40 153 Increase / (decrease) in supplier payables 27 (2) Increase / (decrease) in other payables – (16) Increase / (decrease) in other provisions – 58 Increase / (decrease) in grants payable 29 (471) Net cash from (used by) operating activities (830) 361
Note 10: Contingent Liabilities and Assets Sugar Research and Development Corporation NOTES OF THE FINANCIAL STATEMENTS Guarantees Guarantees Total Total 2011 $’000 2010 $’000 2011 $’000 2010 $’000 Contingent liabilities Balance from previous period – – – – Total contingent liabilities – – – – Net contingent assets (liabilities) – – – – Quantifi able Contingencies At 30 June 2011, the Corporation had no quantifi able contingencies. Unquantifi able Contingencies At 30 June 2011, the Corporation had no unquantifi able contingencies. Signifi cant Remote Contingencies The Corporation has no signifi cant remote contingencies. Note 11: Directors Remuneration The number of non-executive directors of the Corporation included in these fi gures are shown below in the relevant remuneration bands: 2011 No. 2010 No. less than $30,000 14 6 $30,000 to $60,000 2 Total (2) 14 8 Total remuneration received or due and receivable by directors of the Corporation 162,705 223,551 Notes: 1. Part-time non executive directors and the Chairman of the Corporation received fees and allowances as determined by the Remuneration Tribunal. Remuneration includes salary, allowances and superannuation. 2. In 2009–2010, eight non-executive directors were employed by the Corporation and completed their term on 30 April 2011. On 27 May 2011, seven non-executive directors were employed by the Corporation for a three year term including one who was reappointed. 3. The Executive Director is the only full-time director of the Corporation and receives a salary and allowances as approved by the Board. This is disclosed in Note 13 in 2010–2011. In 2009–2010, two offi cers held positions as Acting Executive Director and as a Part Year Executive Director. This has not been disclosed in either Note 11 or 13. The remuneration was less than $150,000 for each individual Director. The combined remuneration for these directors was $212,477 for the Financial Year 2009–2010. SRDC Annual Report 2010–2011 99
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SRDC ANNUAL REPORT 2010-2011 Invest
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SRDC ANNUAL REPORT 2010-2011 Invest
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Section 1 5 Report from Chairman &
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Section 1 REPORT FROM CHAIRMAN & EX
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Section 1 IMPACT OF SRDC INVESTMENT
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SRDC fostered the greater use of ec
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Events New Chairman Fourth generati
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Value of sugarcane production Cane
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Figure 1.1 Area harvested for milli
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Section 2 INTRODUCING SRDC The SRDC
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Rural Research and Development Corp
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Collaborative Partnership for Farmi
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The roles and responsibilities of m
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SRDC PEOPLE David Campbell B Agr Sc
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SRDC Directors May 2011 SRDC PEOPLE
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SRDC PEOPLE Dr Tracy Henderson B Ap
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Ian Sampson Appointed Director (8 M
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Section 2 SRDC STAFF The SRDC staff
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Indemnities and Insurance Premiums
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Rural Research and Development Prio
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Table 2.1 Outcomes, outputs and inp
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Number of SRDC project reports rece
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Mackay Sugar Factory Manager for Ra
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Income explanation Income in 2010-2
Page 49 and 50: SPREAD OF RESEARCH INVESTMENTS ACRO
Page 51 and 52: Industry Overview - Northern Region
Page 53 and 54: Section 3 RESEARCH PROJECT SUMMARIE
Page 55 and 56: The total area planted using zonal
Page 57 and 58: Emerging technologies Key Performan
Page 59 and 60: People development Capacity Buildin
Page 61 and 62: Group Capacity Building Projects (C
Page 63 and 64: Better frost tolerant varieties for
Page 65 and 66: Section 3 SRDC INNOVATION AWARDS 20
Page 67 and 68: Due diligence At every meeting in 2
Page 69 and 70: QUT Senior Research Fellow, Dr Ian
Page 71 and 72: Auditor’s Report Independent Audi
Page 73 and 74: SRDC Annual Report 2010-2011 71
Page 75 and 76: BSES Limited Researcher Dr Prakash
Page 77 and 78: Sugar Research and Development Corp
Page 83 and 84: 1.3 Signifi cant Accounting Judgeme
Page 87 and 88: 1.12 Financial Assets The Corporati
Page 89 and 90: Revaluations Fair values for each c
Page 91 and 92: Note 3: Expenses Note 3A: Employee
Page 93 and 94: Note 4: Income OWN-SOURCE REVENUE N
Page 95 and 96: Note 5C: Investments Accounted for
Page 97 and 98: Note 6D: Other Non-Financial Assets
Page 99: Note 8: Employee Provisions Sugar R
Page 105 and 106: Note 15: Financial Instruments Note
Page 107 and 108: Note 15E Liquidity Risk Sugar Resea
Page 111 and 112: Appendices Appendix A Composition o
Page 113 and 114: Appendix B1 Sugar Research and Deve
Page 115 and 116: Arena: Regional Futures Priority St
Page 117 and 118: Arena: Regional Futures Priority St
Page 119 and 120: Arena: Emerging Technologies Sugar
Page 121 and 122: Arena: People Development Priority
Page 123 and 124: Arena: People Development Priority
Page 125 and 126: Regional Futures Farming and Harves
Page 127 and 128: People Development Individual Capac
Page 129 and 130: Program 1.1: Sugar Research and Dev
Page 131 and 132: Appendix F Abbreviations ABCR Advan
Page 133 and 134: DEEDI Sustainable Agriculture Direc
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Section 2 - Sugar Research and Development Corporation

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