Challenger TAFE | Annual Report 2006 - Parliament of Western ...

More documents

Recommendations

Info

110 Challenger TAFE | Annual Report 2006 Challenger TAFE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2006 1. Employee benefi ts expense - increased expenditure on salaries resulted from increases in both salary and delivery loads 2. Supplies and services - variance results from increased expenditure minor works and resources provided by the Department of Education and Training. 3. Depreciation and Amortisation - refl ects increase in building valuations plus a complete year of depreciation for the $8M leasehold improvement. 4. Capital User Charge - CUC increased to meet requirements subsequent to revaluation of land and buildings 5. Other expenses - increased salary oncosts and building maintenance expense 6. Fee for Service - increased General Fee for Service activity 7. Student fees and charges - refl ects increased delivery 8. State Funds - Increased DPA funding due to increased training delivery levels and funding increased Capital User Charge 9. Liabilities assumed by the Treasurer - a pension scheme employee transferred into the College and the full pension scheme liability was recognised as a revenue. 10. Resources received free of charge - higher due to the increased delivery support system expenditure 38 Financial Instruments (a) Financial Risk Management Objectives and Policies Financial instruments held by the College are cash and cash equivalents, and receivables and payables. The College has limited exposure to fi nancial risks. The College’s overall risk management program focuses on managing the risk identifi ed below: Credit Risk The College trades only with recognised, creditworthy third parties. The College has policies in place to ensure that sales of products and services are made to customers with an appropriate credit history. In addition receivable balances are monitored on an ongoing basis with the result that the College’s exposure to bad debts is minimal. There are no signifi cant concentrations of credit risk. Liquidity risk The College has appropriate procedures to manage cash fl ows including monitoring forecast cash fl ows to ensure that suffi cient funds are available to meet its commitments. Cash fl ow Interest Rate Risk The College exposure to market risk for changes in interest rate is low and primarily relates to funds on mid term deposit. (b) Financial Instrument disclosures
Challenger TAFE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2006 Interest Rate Risk Exposure The following table details the College’s exposure to interest rate risk at the balance sheet date.. Fixed Interest Rate Maturity Weighted Total Average Effective Variable Within More than Non-Interest Interest Rate Interest Rate 1 year 1-2 Years 2-3 Years 3-4 Years 4-5 Years 5 years Bearing 2006 % $ $ $ $ $ $ $ $ $ 6,394,447 899,091 - - - - - - - - - - 2,004,261 2,004,261 - - - - 2,004,261 9,297,799 - - - - Financial Assets Cash and cash equivalent 5.73% 6,394,447 - - Restricted cash and cash 5.73% 899,091 - - equivalent Receivables - - - 7,293,538 - - 133,692 133,692 - - - - 133,692 133,692 - - - - - - - - Financial Liabilities Payables - - Fixed Interest Rate Maturity Weighted Average Effective Variable Within More than Non-Interest Interest Rate Interest Rate 1 year 1-2 Years 2-3 Years 3-4 Years 4-5 Years 5 years Bearing Total 2005 % $ $ $ $ $ $ $ 1,200 7,514,897 - 569,068 - - - - - - - - Financial Assets Cash and cash equivalent 5.09% 3,032,465 4,481,232 - Restricted cash and cash 5.09% 569,068 - - equivalent Receivables - - - 3,601,533 4,481,232 - Challenger TAFE | Annual Report 2006 111 1,799,572 1,511,858 - - - - 1,800,772 9,595,823 - - - - 627,005 627,005 627,005 627,005 - - - - - - - - - - - - Financial Liabilities Payables - -
Page 1 and 2:
Challenger TAFE | Annual Report 200
Page 3 and 4:
The Hon Mark McGowan Minister for E
Page 5 and 6:
CONTENTS Challenger TAFE | Annual R
Page 7 and 8:
CHALLENGER TAFE IN WESTERN AUSTRALI
Page 9 and 10:
7 Kadadjiny Mia - Centre for Aborig
Page 11 and 12:
Page 13 and 14:
CHAPTER 2 - BETTER PLANNING: BETTER
Page 15 and 16:
2.3 The Environment From State Goal
Page 17 and 18:
CHAPTER 3 - KEY PRIORITIES FOR TAFE
Page 19 and 20:
CHAPTER 4 - CHAIRPERSON’S REPORT
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
CHAPTER 7 - OVERVIEW OF OPERATIONS
Page 29 and 30:
Table 7.2 All delivery 2006 by fund
Page 31 and 32:
INDEPENDENT AUDIT OPINION To the Pa
Page 33 and 34:
Key Performance Indicators Challeng
Page 35 and 36:
Figure 8.2: Cost per SCH 2002-2006
Page 37 and 38:
Figure 8.4: Targeted Profi le Achie
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
Figure 8.11: Graduate Labour Market
Page 45 and 46:
Figure 8.13 Profi le to Non-Profi l
Page 47 and 48:
Table 8.18 Total Indigenous Student
Page 49 and 50:
Figure 8.22 Comparison of Customer
Page 51 and 52:
CHAPTER 9 - MANAGEMENT STRUCTURE 9.
Page 53 and 54:
Page 55 and 56:
Page 57 and 58:
CHAPTER 10 - CUSTOMER FOCUS Challen
Page 59 and 60: 10.1.1.1 CareerConnect, Jan-Nov 200
Page 61 and 62: Challenger TAFE | Annual Report 200
Page 63 and 64: CHAPTER 11. OUTPUT REPORTS Challeng
Page 75 and 76: CHAPTER 12 - STATEMENT OF COMPLIANC
Page 83 and 84: FINANCIAL STATEMENTS CHALLENGER TAF
Page 89 and 90: Challenger TAFE NOTES TO THE FINANC
Page 109: Challenger TAFE NOTES TO THE FINANC
Page 115: Challenger TAFE | Annual Report 200
show all

Challenger TAFE | Annual Report 2006 - Parliament of Western ...

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?