AnnuAl REPORT 2011-2012 - Sbs

NOTES TO THE FINANCIAL STATEMENTS
TABLE OF CONTENTS
1. summary of significant accounting policies 79
2. events after the reporting period 87
3. operating expenses 87
3(a) Employee benefits and average
staffing level 87
3(b) Suppliers 88
3(c) Depreciation and amortisation 89
3(d) Finance costs 89
3(e) Write-down and impairment of assets 90
3(f) Losses/(Gains) from asset sales 90
4. own-source income 91
4(a) Sale of goods and rendering of services 91
4(b) Interest 92
4(c) Other revenue
4(d) Reversals of previous asset
92
write-downs and impairments 92
5 Revenue from Government 92
6. Income tax 93
6(a) Income tax expense 93
6(b) Current tax payable 94
6(c) Deferred tax liabilities/(assets)
6(d) Balance of franking account after
94
taxes and dividends paid during the year
6(e) Movement in temporary differences
94
during the year 95
7. Financial assets 95
7(a) Cash and cash equivalents 95
7(b) Trade and other receivables 95
7(c) Investments 97
7(d) Other investments 97
8. Non-financial assets 99
8(a) Land and buildings 99
8(b) Plant and equipment 99
8(c) Intangible assets
8(d) Analysis of property, plant and
100
equipment, and intangibles 100
8(e) Inventories 105
8(f) Other non-financial assets 105
78 SBS
9. Payables 106
9(a) Suppliers 106
9(b) Other payables 106
10. Interest bearing liabilities 107
10(a) Loans 107
11. Provisions 107
11(a) Employee provisions 107
11(b) Other provisions 108
12. Cash flow reconciliation 109
13. Contingent liabilities and assets 110
14. Directors remuneration 111
15. Related party disclosures 111
16. senior executive remuneration 112
16(a) Senior executive remuneration for the
reporting period 112
16(b) Average annual reportable remuneration
paid to substantive senior executives
during the reporting period 113
16(c) Other employees whose salary (including
performance bonus) was more than
$150,000 114
17. Remuneration of auditors 115
18. Financial instruments 116
18(a) Categories of financial instruments
18(b) Net income and expense from
116
financial assets
18(c) Net income and expense from
116
financial liabilities 117
18(d) Fair values of financial instruments 117
18(e) Credit risk 118
18(f) Market risk 119
18(g) Liquidity risk 120
19. Reporting of outcomes 122