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70
Western Region Waste Management Authority Annual Report 2011/2012
Member Councils: Charles Sturt; Holdfast Bay; Port Adelaide Enfield; West Torrens
General Purpose Financial Reports for the Year Ended 30 June 2012
Statement of Comprehensive Income
For the Year Ended 30 June 2012
Note
2012
$
2011
$
Income
Investment Income
76,949
60,755
Other Revenues
3,453
2,004
Total Income
2
80,402
62,759
Operating Surplus
80,402
62,759
Net Surplus
Transferred to Equity Statement
80,402
62,759
Other Comprehensive Income
Other Comprehensive Income
0
0
Total Other Comprehensive Income
0
0
Total Comprehensive Income
80,402
62,759
This Statement is to be read in conjunction with the attached Notes.
Balance Sheet
As At 30 June 2012
Note
2012
$
2011
$
Assets
Current Assets
Cash & Cash Equivalents
2,396,073
1,815,041
Receivables
799,633
2,568,233
Total Current Assets
3 & 10
3,195,706
4,383,274
Non Current Assets
Infrastructure, Property, Plant and Equipment
0
1,399
Total Non Current Assets
4
0
1,399
Total Assets
3,195,706
4,384,673
Liabilities
Current Liabilities
Trade and Other Payables
80,817
1,096
Provision for Landfill Restoration
6
2,231,387
2,191,477
Accrued Expenses
0
242,775
GST
(8,864)
(25,025)
Total Current Liabilities
5
2,303,340
2,410,323
Non Current Liabilities
Provision for Landfill Restoration
1,731,495
2,893,881
Total Non Current Liabilities
6
1,731,495
2,893,881
Total Liabilities
4,034,835
5,304,204
Net Liabilities
(839,129)
(919,531)
Equity
Accumulated Deficit
(839,129)
(919,531)
Total Equity
(839,129)
(919,531)
This Statement is to be read in conjunction with the attached Notes.