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Forest NSW Annual Report 2012

Notes to and forming part of 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 2011 to 30 June 2011 to 30 June 2011 to 30 June 2011 A$ A$ A$ Present value of partly funded defined benefit 39 583 911 4 347 937 - 43 931 848 obligation at end of year Fair value of Fund assets at end of year (35 652 892) (4 054 473) - (39 707 365) Subtotal 3 931 019 293 464 - 4 224 483 Unrecognised past service cost - - - - Unrecognised gain/(loss) - - - - Adjustment for limitation on net asset - - - - Net Liability/(Asset) recognised in statement of 3 931 019 293 464 - 4 224 483 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 2011 to 30 June 2011 to 30 June 2011 to 30 June 2011 A$ A$ A$ Components Recognised in Income Statement         Current service cost 613 724 182 313 - 796 037 Interest cost 1 880 374 202 259 - 2 082 633 Expected return on Fund assets (net of expenses) (2 798 230) (302 454) - (3 100 684) 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 (304 132) 82 118 - (222 014) Amounts recognised in other comprehensive income SASS SANCS SSS Total Financial Year Financial Year Financial Year A$ Financial Year to 30 June 2011 to 30 June 2011 to 30 June 2011 to 30 June 2011 A$ A$ A$ Actuarial (gains)/losses 912 514 (82 361) - 830 153 Adjustment for limit on net asset       - Cumulative amount recognised in other comprehensive income SASS SANCS SSS Total Financial Year Financial Year Financial Year A$ Financial Year to 30 June 2011 to 30 June 2011 to 30 June 2011 to 30 June 2011 A$ A$ A$ Actuarial (gains)/losses 12 833 848 1 757 145 6 398 313 20 989 306 Adjustment for limit on net asset       - Forests NSW Annual Report 2011–12 Social, Environmental and Economic Performance 83


Forest NSW Annual Report 2012
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