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Forest NSW Annual Report 2012

Forestry Commission Division Annual Financial Statements Year ended 30 June 2012 ABN 83 326 008 792 Notes to the financial statements For the year ended 30 June 2012 Reconciliation of the assets and liabilities recognised in statement of financial position SASS SANCS SSS Total Financial Year Financial Year Financial Year A$ Financial Year to 30 June 2012 to 30 June 2012 to 30 June 2012 to 30 June 2012 A$ A$ A$ Present value of partly funded defined benefit 40 589 815 4 249 368 - 44 839 183 obligation at end of year Fair value of Fund assets at end of year (31 142 453) (3 350 631) - (34 493 085) Subtotal 9 447 362 898 737 - 10 346 098 Unrecognised past service cost - - - - Unrecognised gain/(loss) - - - - Adjustment for limitation on net asset - - - - Net Liability/(Asset) recognised in statement of 9 447 362 898 737 - 10 346 098 financial position at end of year Expense recognised in income statement SASS SANCS SSS Total Financial Year Financial Year Financial Year A$ Financial Year to 30 June 2012 to 30 June 2012 to 30 June 2012 to 30 June 2012 A$ A$ A$ Components Recognised in Income Statement       - Current service cost 596 850 186 084 - 782 934 Interest cost 1 981 188 215 620 - 2 196 808 Expected return on Fund assets (net of expenses) (2 917 416) (332 389) - (3 249 805) Actuarial losses/(gains) recognised in year - - - - Past service cost - - - - Movement in adjustment for limitation on net  - -  -  - asset Curtailment or settlement (gain)/loss  -  - -  - Expense/(income) recognised (339 378) 69 315 - (270 063) Amounts recognised in other comprehensive income SASS SANCS SSS Total Financial Year Financial Year Financial Year A$ Financial Year to 30 June 2012 to 30 June 2012 to 30 June 2012 to 30 June 2012 A$ A$ A$ Actuarial (gains)/losses 6 519 646 685 437 - 7 205 083 Adjustment for limit on net asset - - - - Cumulative amount recognised in other comprehensive income Note: This information will need to be manually calculated by agencies by adding the actuarial gains and losses and adjustment for limit on net assets (if any) above, to previous amounts advised. 104 Forests NSW Annual Report 2011–12 Social, Environmental and Economic Performance


Forest NSW Annual Report 2012
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