Environment and Primary Industries. <pp> 30 Part 5 Summary of financial Performance Financial Performance and Position Summary ($'000) 2013 2012 2011 2010 2009 Revenue from Government 16,576 20,979 16,910 37,104 53,512 Other revenue 32,489 26,777 26,726 28,199 25,198 Total income 49,065 47,756 43,636 65,303 78,710 Total expenses 37,298 43,706 52,749 60,947 78,905 Net result for the period 11,767 4,050 (9,113) 4,356 (195) Net cash flow from operating activities 13,607 4,281 (107) 15,919 (13,658) Total assets 47,944 32,769 28,794 37,970 37,073 liabilities 8,888 5,480 5,555 5,618 9,077 Significant changes in financial performance and position during the year and subsequent events Revenue increased marginally, while the reduction in expenditure ($6.4m) was due largely to reduced program activity, as a result of delayed project approvals and launches. SV will continue to deliver its three-year strategic plan (SV2015) following the completion of the first year in 2012 to 13. In December 2012, the Victorian Budget update 2012 to 13 announced the efficiency measure "supporting sustainability Victoria's functions more efficiently", which provided us the opportunity to renew our focus on frontline service delivery while achieving back office cost savings. On 31 July 2013, the board of SV approved the sale of 88,100 renewable energy certificates held by SV, with the proceeds to be forwarded to the department of environment and primary industries as part of SV's response to the efficiency measure announced in the Victorian state Budget update 2012 to 13. This sale occurred on 22 August 2013 and the impact has been built into SV's forward budgets. The Ministerial Advisory Committee on Waste and Resource Recovery Governance Reform delivered its final report to the Honourable Ryan Smith MP, Minister for Environment and Climate Change, on 31 May 2013. The government has supported the majority of the recommendations, which include strengthening SV's role in waste planning and coordination and will be implemented over the next 12 to 18 months. The financial impact of the reforms cannot be measured at the date of
2 7139 Review of UK and Irish Resource Efficiency Programs A summary report of United Kingdom/Ireland programs in business resource efficiency. 16,616 16,616 0 3 7324 Review of Charity Sector Waste Management Practices Review of the Salvation Army and St Vincent de Paul's management approach for their stores and document appropriate checklist and contract specification guidance for use by the charitable sector. 18,182 14,000 4,182 4 7215 Project Delivery Capability Assessment Assessment and evaluation of SV's project delivery capability 21,600 21,600 0 5 7482 Best Practice Guidelines Bin Management Development of Best Practice Guidelines for local government, industry and charities outlining best practice standards for placement and management of donation bins. 22,420 17,000 5,420 6 7202 Organics market and infrastructure project support Advice on the development and outputs of activities relating to organics undertaken by SV in 2012 to 13. 24,000 19,167 4,833 7 7261 ECO-Buy review of use of recycled materials in pavement construction Review of projects, programs and research that have been undertaken in relation to the use of recycled materials (crushed brick, crushed concrete and glass) in pavement construction. 24,200 24,200 0 8 7422 Commercial and Industrial Weight Based Charging Service Trial: Stage 1: Design Assessment of the viability of a to deliver weight based charging services in the Victorian C and L sector to improve source separation and resource recovery. 24,820 7,446 17,374 9 7160 Improving the quality of Recycled Organic products -Baseline Research Provision of baseline data to assist SV with developing a range of projects aimed at market development for organics products 24,900 24,900 0
10 7269 Professional Services - D J Hart - Weekly costs for professional services rendered by David J Hart Provision of expert consulting services as a member of the Information Systems Strategy (ISSG). 44,000 11,703 32,297 11 7267 Resource Efficiency Horizon Scan A "horizon scan" of emerging issues and solutions in the Resource Efficiency area which are of relevance to Sustainability Victoria, beyond its current strategic plan ofSV2015 49,712 49,712 0 12 7163 flows in the Victorian commercial and industrial sector. An assessment of the commercial and industrial (C and L) waste stream in Victoria to identify sources of waste generation and the associated waste reduction and resource recovery opportunities. 131,490 131,490 0 13 7443 Organic wastes to agricultural land regulatory framework mapping Review of key and federal legislation, policies and guidelines relevant to the processing of organic waste material on agricultural land and at transfer stations, as well as the application to land of organics wastes processed and raw in the state of Victoria 19,820 10,940 8,880
Engagement (includes all litter and Schools Programs) 4,738,072 6,096,171 Program Expenses* 18,934,744 22,398,140 * The 2012 comparative program expenses have been re-classified to align to the 2013 organisational structure. 4 (B) Employee Benefits 2013 $ 2012 $ Salaries, Wages and Allowances 10,498,538 13,200,596 Employer Superannuation 919,510 1,093,670 On-Costs 1,052,344 667,972 Total Employee Benefits 12,470,392 14,962,238 4 (C) Net Profit on Disposal of Assets: 2013 $ 2012 $ Property, Plant and Equipment 3,426 2,641 Total Net Profit 3,426 2,641 5. Cash and Cash Equivalents 2013 $ 2012 $ Cash at Bank 631,467 420,500 Cash on Hand 1,700 1,700 Short-Term Deposits 36,000,000 23,000,000 Total Cash and Cash Equivalents 36,633,167 23,422,200 6. Receivables Current Receivables 2013 $ 2012 $ Contractual Trade Debtors 84,888 8,800 Other Debtors 17,914 19,875 Accrued Interest 79,919 34,089 Total Contractual 182,721 62,764 Statutory Trade Debtors 77,436 58,680 Amounts owing 1,320,891 -
$140,000 to $149,999 1 1 0 0 $150,000 to $159,999 1 1 0 0 $190,000 to $199,999 0 1 0 0 $200,000 to $209,999 1 0 0 1 $210,000 to $219,999 0 0 1 0 Total numbers 4 4 4 4 Total annualised employee equivalents (AEE) 4.0 4.0 3.1 3.1 Total amount $630,432 $613,122 $558,867 $539,939 22. Auditor's Remuneration Amounts paid or payable to the Victorian Auditor-General's Office for the financial audit of the accounts: 2013 $ 2012 $ Audit fee 25,575 24,850
(b) Interest Rate Risk Including Exposure Sustainability Victoria's exposure to interest rate risk and ageing analysis of financial assets and financial liabilities, recognised at balance date, are as follows: As at 30 June 2013 Floating interest rate Fixed interest rate maturing less than 1 year Fixed interest rate maturing 1 to 5 years Non-interest bearing Total carrying amount as per Balance Sheet Weighted average effective interest rate $ $ $ $ $ % Financial Assets Cash Assets 631,467 36,000,000 - 1,700 36,633,167 2.80 Receivables - - - 182,721 182,721 Total Financial Assets 631,467 36,000,000 - 184,421 36,815,888 Financial Liabilities Payables - - - 1,540,692 1,540,692 Finance leases - 133,655 45,857 - 179,512 6.62 Total financial liabilities - 133,655 45,857 1,540,692 1,720,204 <pp> 49 As at 30 June 2012 Floating interest rate Fixed interest rate maturing less than 1 year Fixed interest rate maturing 1 to 5 years Non-interest bearing carrying amount as per Balance Sheet Weighted average effective
Whistleblowers Protection Act 2001 (Vic), 56,74 Victorian Industry Participation Policy Act 2003 (Vic), 56 Financial Management Act 1994 (Vic), 35 Information Privacy Act 2000 (Vic), 55 <pp> 60 Part 10 Landfill Levy The following summary of the way the landfill levy is distributed to Sustainability Victoria (SV), the Environment Protection Authority (EPA), the waste management groups and the Sustainability Fund provides a clearer understanding of where the levy is spent. Landfill Levy Receipts and Distribution Victoria charges a landfill levy on each of waste that is disposed of. These levies apply to municipal and commercial wastes deposited at licensed facilities in Victoria. Revenue raised from landfill levies is held in the Environment Protection (E P) Fund. This fund is established under the Environment Protection Act 1970 (Vic) (s. 70) and is managed by EPA Victoria. In 2012 to 13, the E PFund distributed $144.72 million from landfill levies Levies received in the E PFund are distributed in accordance with the Environment Protection (Distribution of Landfill Levy) Regulations 2010. These regulations govern the distribution of money to the WMGs, SV and EPA. The remainder of the money is then transferred into the Sustainability Fund account, within the E PFund, held by EPA. In 2012 to 13, SV received $24.24 million, EPA received $24.54 million and management groups received $7.33 million. The remaining funds, totalling $88.61 million, were transferred to the Sustainability Fund account. Figure 3 below summarises this distribution. SV's Use of Landfill Levy The Sustainability Victoria Act 2005 (Vic) specifies our objectives and functions, and we outline our annual priorities in our annual business plan. To do our work, we receive revenue from a range of sources, including government grants (appropriation), the landfill levy, and other sources for specific programs and purposes. We detail our full income and expenditure statements in Part 6 (Annual Financial Statements). <transcriber's note> Figure 3 has been converted to the following list.</ transcriber's
Total associated GHG emissions Kilograms of C O2-e 12,547 13,054 12,874 21,246 33,412 GHG emissions/1,000 km travelled Kilograms of C O2-e 104.3 104.5 144 127 140 Staff Travel associated with agency operations per THC Kilometres per THC 868 843 1,801 1,222 2197 Staff Travel associated with agency operations per FTE Kilometres per FTE 933 907 1,786 1,311 2325 Total air travel associated with agency operations Kilometres 575,122 220,028 435,873 220,870 179,405 Employees regularly public transport, cycling or walking to and from work Percentage 96.0% 93.0% 88.0% 91.0% 83.0% Employees regularly using more sustainable modes of transport12 Percentage 21.8% 32.8% 23.0% 28.0% 24.5% Greenhouse Gas Emissions15,16,17 Total GHG emissions associated with scope 3 energy use13 Kilograms of C O2-e 0 0 19,789 20,596 20,890 Total GHG emissions associated with vehicle fleet Kilograms of C O2-e 12,547 13,054 12,874 21,246 33,412 Total GHG emissions associated with air travel14 Kilograms of C O2-e Kilograms of C O2-e 136,090 54,244 113,082 57,388 44,250
Warragul and District Landcare Group Warragul Community Rabbit Control Program 10,000 Edward Hunter Heritage Bush Reserve Committee of Management Edward Hunter Heritage Bush Reserve Restoration Rehabilitation of weed infested site, flora enhancement and learning project, stage 1 10,000 Friends of Swipers Gully Restoration of Swipers Gully 10,000 Lalbert Landcare Group Coordinated rabbit baiting at Lalbert 9,996 Culgoa Landcare Group Culgoa's Bait-a-Bunny Program 9,985 Friends of Dandenong Valley Parklands Inc. Habitat improvement for Powerful owls and Growling Frog 9,950 Lancefield Park Recreation Reserve Community initiated weed removal and enhancement of Lancefield Swap Area 9,690 Wattle Flat-Pootilla Landcare Group Biodiversity Enhancement on the upper Yarrowee River (Phase 2) 9,675 Friends of Yatmerone auspiced Advance Penshurst Incorporated Protecting and reveging Yatmerone 6,590 Darebin Creek Management Committee Inc. Nesting Boxes Along Darebin Creek 3,180 Indigo Environment Advisory Committee Woodland Species Habitat Assessment, Enhancement and Protection Scoping Study 10,000 Rowsley Landcare Group New reserve on Old Rowsley Gun Club Site 9,970 Friends of the Maribyrnong Valley Incorporated Tea Gardens Boxthorn removal 9,937 Ripplebrook Landcare Group Ripplebrook Integrated Rabbit Control 4,736 Conservation Volunteers Protecting the Eastern Barred Bandicoot in Hamilton 9,510 Nature Glenelg Trust Reducing the impact of artificial drainage on Gooseneck Swamp, Grampians National Park 10,000 Phillip Island Nature Park Short-tailed Shearwater habitat rehabilitation at Ventnor West 6,380 Ross Creek Landcare Group Revitalising Ross Creek's creekside habitats 5,200 <pp> 85