A YEAR WITH 2015-16 ANNUAL REPORT Our vision is to be the world’s leading -based conservation organisation. We do this by fighting wildlife extinction.

Southern Corroboree Frog • Pseudophryne corroboree

2 ZOOS VICTORIA ANNUAL REPORT 2015–16 CONTENTS

Chair’s Message 4

CEO’s Message 5

Our Charter and Purpose 6

Fighting Extinction 8

Animals of the Zoo 9

Highlights 2015-16 10

Five Action Areas Conservation 14 Our Animals 20 Visitors and Community 26 Our People 28 Financial Sustainability 30

Organisational Chart 32

Our Workplace Profile 33

Key Performance Indicators 34

Financial Summary 36

Board Attendance 37

Board Profiles 38

Board Committees 40

Corporate Governance and Other Disclosure 41

Our Partners and Supporters 45

Financial Report 49

ZOOS VICTORIA ANNUAL REPORT 2015–16 3 CHAIR’S MESSAGE

“ We strive to profoundly influence people to take action to save wildlife.” Anne Ward, Chair Zoos Victoria

More people than ever before are The Minute to Midnight Gala Ball was visiting our zoos, with record visitation one such occasion where we engaged at Zoo, an audience not traditionally associated and in 2015-16. with the Zoo. The night showcased Zoos And while we continue to attract Victoria, both as a great place to visit more people through our gates, we and one that is committed to saving continue to change and develop to meet wildlife. the expectations of our visitors. 2015-16 On behalf of the Board, staff and was a year of exploration and reflection animals of Zoos Victoria, I would like at our zoos as we embarked on new to acknowledge the many people and ways to foster deeper connections organisations that have helped make between our visitors and our animals. our three zoos world-leading. Technology is a great enabler in this Particularly, I would like to thank the space and in a world-first, we were able Hon. Lisa Neville for her dedication and to use Xbox Kinect technology to give advocacy for Zoos Victoria and look ’s orang-utans greater forward to continuing this strong choice and control over how and when relationship with the Hon. Lily D’Ambrosio. they interact with visitors. I would also like to thank Jon Hickman, Zoos around the world are transitioning Mark Powell and Brian Cook for their from passive places people visit, to service on Zoos Victoria’s Board. organisations that can profoundly

influence people to take action to save wildlife. Zoos Victoria is at the forefront of this transition and we will continue to engage new audiences and ensure our zoos Anne Ward cater to all ages and demographics on Chair this journey. Zoos Victoria Board

4 ZOOS VICTORIA ANNUAL REPORT 2015–16 CEO’S MESSAGE

The 2015-16 financial year was one of Following on from the success of our I’m excited by what we have achieved success for Zoos Victoria with a focus 36 LEAN pioneers in 2015-16, more than in 2015-16 and look to the next year with on unlocking our potential, both as an 100 staff have now completed some form excitement and optimism. organisation and individually through of LEAN training. The training provides I would like to thank the Board, our each employee. the tools needed to efficiently and staff, volunteers and many supporters proactively solve problems before they Zoos Victoria continued to deliver for their help in making this year become major issues, encouraging staff strong results both within our zoo walls such a success. and in the wild, with record membership to ‘go see’ and identify the root cause and visitation supporting our work of problems before setting improvement in the recovery of our Fighting measures in place. Extinction species. Recent employee survey results indicate that job satisfaction has increased We have also committed a record Dr Jenny Gray in 2015-16 following this focus on amount of time and finances to our Chief Executive Officer professional development, growing greatest asset – our staff. In supporting Zoos Victoria their development, we are empowering from 73% in 2014-15 to 81.35%. them to play a crucial part in taking The investment in staff has also enabled Zoos Victoria towards our vision of us to continue to deliver outstanding becoming the world’s leading zoo-based results for our threatened species conservation organisation. program. Thanks to their dedication, there are more Helmeted Honeyeaters in the wild than there has been for the past 30 years. There were more Southern Corroboree Frog eggs released to Mt Kosciuszko than ever before. And we now how a vibrant island population of Eastern Barred Bandicoots on Churchill Island, the first step towards taking this species off the extinction list.

“ Our organisation has grown, and we’re developing our staff to grow with it.” Dr Jenny Gray, CEO Zoos Victoria

ZOOS VICTORIA ANNUAL REPORT 2015–16 5 OUR CHARTER AND PURPOSE

Our vision is to be the world’s leading zoo-based conservation organisation. Our mission is to galvanise communities to commit to the conservation of wildlife and wild places by: •  Opening the door to except­ional wildlife encounters that reach beyond the boundaries of our zoos •  Leading the way by communicating and demonstrating the role of conservation and research in all that we do •  Catalysing action through inspiring experiences that motivate partic ­ipation leading to conservation and sustainability outcomes

6 ZOOS VICTORIA ANNUAL REPORT 2015–16 Manner of Establishment The Zoological Parks • To provide consultancy and advice and Responsible Minister and Gardens Act 1995 services to the public on zoological matters The Zoological Parks and Gardens The ZPGB operates under the Zoological Board (ZPGB) is the governing body Parks and Gardens Act 1995 and is • To provide services and facilities of Victoria’s three great zoos: responsible for the Royal Melbourne for visitors to the zoological parks Melbourne Zoo, Healesville Sanctuary Zoological Gardens, Healesville Sanctuary and managed land and Werribee Open Range Zoo. and Werribee Open Range Zoo. Zoos • To carry out any other functions Victoria is the trading name for the Established in 1973 as a statutory conferred on it by this or any other Act organisation managed by the Board. authority, the Board role is to protect Duties reserved for the Board include: Functions of the Board as set out and promote the zoos and their roles in the Act, are: • Approval of the strategic direction in conservation, research and education. and vision • To conserve, protect, manage and The Board consists of up to nine members improve the zoological parks • Setting appropriate Board policies appointed by the Governor in Council and managed land and the zoological providing strategic, ethical and on the recommendation of the Minister. collections operational guidance The responsible Ministers during the 2015-16 reporting period were: • To promote and increase public • Approval of annual and corporate plans enjoyment of the zoological collections • the Hon Lisa Neville MP, Minister • Approval of annual financial reports and the zoological parks and for Environment, Climate Change and • Reviewing risks, governance and managed land Water from 1 July 2015 to 22 May 2016; internal controls and • To increase public knowledge and • Reporting to the Minister. awareness of the zoological collections • the Hon Lily D’Ambrosio MP, Minister and the zoological parks through for Energy, Environment and Climate exhibition of the zoological collections, Change from from 23 May 2016 to publications, educational programs, 30 June 2016. advisory services and other activities

• To carry out and promote zoological research, the conservation of wildlife and its natural habitats and the maintenance of biodiversity

• To advise the Minister on matters relating to the Board’s functions and powers or on any other matter referred to by the Minister

ZOOS VICTORIA ANNUAL REPORT 2015–16 7 FIGHTING EXTINCTION

Our Fighting Extinction commitment Melbourne Zoo The oldest zoo in the is to ensure that no native Victorian southern hemisphere. Melbourne Zoo weaves together our terrestrial vertebrate species goes people, visitors and animals to orchestrate a profound experience extinct on our watch. that connects visitors with wildlife and empowers them to help us fight In the last 200 years, 29 Australian extinction – all just minutes from mammal species have become extinct the heart of the city. with many more approaching the brink of extinction. Sadly, this threat of extinction remains a very real and Healesville Sanctuary imminent danger that requires an A destination that celebrates and urgent response. showcases Australian biodiversity. Zoos Victoria’s Wildlife Conservation Healesville Sanctuary offers the Master Plan provides a pathway to ultimate Australian wildlife conservation recovery for 20 of ’s most experience, surrounded by fauna, flora endangered species. and indigenous culture for a rich understanding of the Australian This plan is enabling practical actions to environment. This is the hub of our help save some of our most endangered fighting extinction activity as we native species from extinction including work with more than 10 breeding and the Eastern Barred Bandicoot, Baw Baw recovery programs operating from Frog and the Orange-bellied Parrot. this bushland haven. Innovative new programs will ensure species in the wild can prosper, as Werribee Open Range Zoo we work with key partners to develop urgent actions to help give wildlife Joining the African savannah with a future they deserve. the grasslands of Australia. Uniquely located on the banks of the Werribee River, the Werribee Open Range Zoo transports you straight to the wild landscapes of Africa, Australia, America and Asia. From the grasslands of Northern Kenya, to the desert sands of the Sahara and the forests of the Congo, witness herds of zebra, , ostrich and rhinos grazing on the savannah. Werribee Open Range Zoo is also home to the Guardian Dog Trial and is a captive breeding hub where visitors can fall in love with the critically endangered Eastern Barred Bandicoot and the Orange-bellied Parrot.

8 ZOOS VICTORIA ANNUAL REPORT 2015–16 ANIMALS OF THE ZOO

MELBOURNE HEALESVILLE WERRIBEE ZOOS ZOO SANCTUARY OPEN RANGE VICTORIA ZOO

1921 15 36 1972 INVERTEBRATES INVERTEBRATES INVERTEBRATES INVERTEBRATES

167 10 13 190 FISH FISH FISH FISH

690 181 13 884 AMPHIBIANS AMPHIBIANS AMPHIBIANS AMPHIBIANS

217 98 28 343 REPTILES REPTILES REPTILES REPTILES

294 825 38 1157 BIRDS BIRDS BIRDS BIRDS

220 261 242 723 MAMMALS MAMMALS MAMMALS MAMMALS

3509 1390 370 5269 total animals as at total animals as at total animals as at total animals as at 30 June 2016 30 June 2016 30 June 2016 30 June 2016

ZOOS VICTORIA ANNUAL REPORT 2015–16 9 HIGHLIGHTS 2015-16 12345678 More than 2.5 We opened a million people custom designed visited our three pre-release gym great zoos – for Orange-bellied Melbourne Zoo, The Minute to Parrot aviary at Healesville Midnight Gala Ball Werribee Open Sanctuary and was a roaring Range Zoo to help Werribee Open success, raising released birds Range Zoo. $400,000 for better survive Zoos Victoria’s in the wild. endangered Zoos Victoria species programs. membership grew to over 250,000 members for the first time ever!

We welcomed triplets at Werribee Open Range Zoo, twins Took the Lord Howe at Healesville Island Stick Insect Sanctuary and global with founder twins Piloted a world-first insects travelling to at Melbourne Zoo. enrichment project San Diego Zoo. with Microsoft Xbox Kinect technology and the .

10 ZOOS VICTORIA ANNUAL REPORT 2015–16 6789101112

Greeted Received more than delegates from Supported our 49,000 signatures all over Australia threatened for Zoos Victoria’s to Melbourne Zoo amphibian friends petition calling for for the first ever with 2000 Southern the mandatory Threatened Corroboree Frog labelling of palm oil. Species Summit eggs successfully Spread the love at Melbourne Zoo. released to on Valentine’s Day Mt Kosciuszko with Rob the and 230 Baw Baw Southern Corroboree Frog metamorphs Frog’s search for emerging at love reaching over Melbourne Zoo. 600,000 Melburnians!

Trialled the release of 20 Eastern Barred Bandicoots onto the feral cat and fox-free Churchill Island with our partners at Phillip Island Nature Park.

ZOOS VICTORIA ANNUAL REPORT 2015–16 11 FIVE ACTION AREAS

We recognise that our zoos operate in five key actions areas: conservation, animals, people, visitors and financial sustainability. These five areas need to interlink so we can achieve our conservation aims.

512 ZOOS VICTORIA ANNUAL REPORT 2015–16 CONSERVATION We will focus and strengthen the conservation efforts of Zoos Victoria to ensure the delivery of tangible conservation efforts. Zoos Victoria will work with people to prevent the extinction of all Victorian terrestrial vertebrate species and to recover at least one species.

OUR ANIMALS We will establish Zoos Victoria as one of the leading organisations for creating net gains in conservation, through ensuring that every species in our collection is playing a role in conservation.

VISITORS AND COMMUNITY We will provide innovative wildlife-based recreation and learning experiences focussed on inspiring visitors, members and the community to take conservation actions that make a measurable and positive difference for wildlife.

OUR PEOPLE We will support our staff’s development to ensure they, and the organisation as a whole, can transform Zoos Victoria into a zoo-based conservation organisation. Only by investing in, and nurturing, the very best skills and qualities of our staff and partners will we be able to fully realise this transformation.

FINANCIAL SUSTAINABILITY We will ensure the long-term financial sustainability of all our operations to be able to maintain and improve the value of assets and make meaningful and measurable investment in conservation.

ZOOS VICTORIA ANNUAL REPORT 2015–16 13 FIVE ACTION AREAS CONSERVATION

Strengthening Eastern Barred Bandicoot August 2015 our conservation 16 Eastern Barred Bandicoots released efforts for to Churchill Island as part of an innovative trial to determine if islands are a viable tangible habitat. The bandicoots established themselves and started breeding almost conservation immediately, demonstrating the capacity of the species to thrive when foxes are outcomes. not a threat. A further four bandicoots were released in October 2016.

Zoos Victoria is committed to fighting April 2016 “ Through continual innovation extinction. Our goal is to be the world’s The Eastern Barred Bandicoot made its triumphant return to Hamilton in in the areas of wildlife and leading zoo-based conservation organisation, the Australian authority Western Victoria with the re-introduction community conservation on captive holding and management of 20 adult animals to the Hamilton we achieved tangible gains of native threatened species, and the Community Parklands. In 1988, animals in the wild in 2015-16.” major facilitator of wildlife knowledge from Hamilton became the founders of for conservation action. the captive Eastern Barred Bandicoot Professor Ken Hinchcliff breeding program which saved the We work locally and globally to deliver Zoos Victoria Board Member species from extinction. Chair, Science Advisory Committee tangible conservation outcomes and are committed to the recovery of 20 native threatened species. As a not-for-profit Southern Corroboree Frogs zoo-based conservation organisation, Summer all revenue raised contributes to our Five frogs acclimatised well in an outdoor work to fight extinction. In 2015-16 enclosure at Melbourne Zoo over the Zoos Victoria spent over $5.7 million summer. Monitoring continues to evaluate on breeding and release programs. the effectiveness of this approach in We would like to thank our many managing the frogs in a less resource-­ partners who make an invaluable intensive manner to allow them to grow contribution to many of the species in more naturalistic conditions. with which we work. April/May 2016 800 eggs successfully released to their native alpine habitat on Mt Kosciuszko.

Northern Corroboree Frogs 882 eggs were laid at Healesville Sanctuary – the highest number of eggs ever produced at Healesville Sanctuary in a single year and increasing the number of frogs for release by our partners in the ACT.

14 ZOOS VICTORIA ANNUAL REPORT 2015–16 Baw Baw Frogs Helmeted Honeyeaters Lord Howe Island Stick Insect

November 2015 September 2015 April 2016 Ten male Baw Baw Frogs and five 18 Helmeted Honeyeaters bred at Melbourne Zoo celebrated an important additional egg masses were collected Healesville Sanctuary were released milestone in 2016, with the 13,000th from Mt Baw Baw and taken to Melbourne to the wild. Joining with 64 wild bred tiny hatchling emerging from its egg as Zoo to support the establishment of fledglings, they contributed to a total part of our efforts to save the Lord Howe the captive insurance population. population of nearly 200 Helmeted Island Stick Insect from extinction. Almost 230 metamorphs emerged Honeyeaters – the highest since number from the egg masses, further strength- monitoring commenced in the 1980s. ening our confidence in successfully rearing these frogs.

Leadbeater’s Possums October 2015 Three devils bred at Healesville were June 2016 released as part of a larger group Eight family groups of Leadbeater’s to re-establish devils at the Forrestier Possums were captured and examined Peninsula in Tasmania. Healesville at Yellingbo Nature Conservation. An Sanctuary also established a program average of 4.1 possums denned together to trial training devils to avoid cars – a and an encouraging seven of the eight major source of devil deaths in the wild. groups (87%) contained a female that The Tasmanian Devil crittercam pilot was lactating or carrying pouch young. research was completed to investigate While the size of the population has captive and wild behaviour, proving stabilised, it remains at critically low the effectiveness of the technique. levels with a total population estimate of just 44 individuals. Grassland Earless Dragon The captive breeding program at No sightings of Grassland Earless Healesville Sanctuary received one young Dragons were recorded despite adult male from the wild, bringing the 2,425,000 camera trap images taken captive population to 15. Breeding has at the most promising sites where the proven challenging despite favourable species might have been holding out. circumstances, leading to a major genetic Zoos Victoria’s Wildlife Conservation study to investigate genetic decline and Master Plan recognised that along with develop genetic rescue strategies. the Stuttering Frog, this species may Major habitat restoration projects already be extinct in Victoria. The species commenced at Yellingbo and other has not been seen in the wild since 1967 localities to create future release sites. and unfortunately our work and adds to the evidence that it is extinct in Victoria. The report will be presented to the Department of Environment, Land, Water and Planning (DELWP) which has the overall responsibility for the management of wildlife in Victoria and future actions will be discussed.

ZOOS VICTORIA ANNUAL REPORT 2015–16 15 FIVE ACTION AREAS CONSERVATION

TORONTO

SAN DIEGO TEXAS

GUATEMALA

PERU

Beyond our Conservation work International Grants • In 2015-16, we sent 300 eggs each to • Sri Lankan Wildlife Conservation borders Bristol Zoo, Toronto Zoo and San Diego Society and Save the , Zoo to begin an international breeding Sri Lanka Zoos Victoria’s conservation efforts program to save this Australian native. Investigates beehive fencing to act extend far beyond our borders. as a deterrent to Asian Elephants and • We began work with our new partners, Gorilla Doctors, to save gorilla reduce human- conflict. populations in Democratic Republic of • Wildlife Connection, Tanzania Congo, Rwanda, Burundi and Uganda. The project works to reduce bush meat poaching by providing an alternative • Four Philippines Crocodiles hatched at Melbourne Zoo in 2014 were flown to income and protein source couple with the Gladys Porter Zoo in Texas as part conservation education. of an international zoo network effort • Tsavo Cheetah Project, Kenya cooperating on behalf of the world’s Works with local communities to most endangered crocodilian species. increase quality of livestock yards, implement conservation education and facilitates community monitoring of local Cheetah populations.

• Zoo Atlanta, Guatemala Works with local communities to create nurseries to increase oak tree numbers in forest corridors to help save the critically endangered Campbell’s Alligator Lizard.

16 ZOOS VICTORIA ANNUAL REPORT 2015–16 BRISTOL

PAKISTAN

PHILIPPINES SRI LANKA UGANDA BORNEO DRC KENYA RWANDA BURUNDI TANZANIA PORT MORESBY

ZIMBABWE

VICTORIA

TASMANIA

• The Tiki Hywood Trust, Carbon offsets Zimbabwe Education for • Tasmanian Native Forest Works with local schools to educate Protection Project, Tasmania the community as to the role conservation Located in the Central Highlands of predators in the ecosystems In 2014-15 Zoos Victoria launched of Tasmania, this project currently and removes snares to protect Education for Conservation, a new model prevents 90,000 tonnes of green- African Wild Dogs. transforming the way we engage students house gas emissions each year. at Melbourne Zoo, Werribee Open Range • The Snow Leopard Foundation, • The Kasigau Corridor Zoo and Healesville Sanctuary. The Pakistan REDD Project, Kenya model works with schools across Victoria The foundation has established two Covering 169,741 hectares of dryland to create emotional connections and artisan skill centres to help increase forest, the project protects the Kasigau inspires students that visit our zoos to the skills of local women to produce corridor which is critical to a range of take action for wildlife. In 2015-16 we traditional products. species including the Grevy’s Zebra. further developed this model by: Sister Zoo • Borneo Rainforest Rehabilitation • Removing the $3 education program Project, Borneo fee to make visits more affordable The Port Moresby Nature Park, Zoos This project is situated in Sabah, • Increasing teacher member to 2,641, Victoria’s sister zoo, received the Zoos Malaysia and prevents 140,000 tonnes up from 1,625 and Aquarium Association (ZAA) of greenhouse gas emissions each year. Innovation Award for its outstanding • Welcoming 65 Fighting Extinction • Madre de Dio Amazon development arising from its partnership Schools REDD Project, Peru with Zoos Victoria. • Growing school visits by 7.5% to Protecting one of the most biodiversity 154,957 students rich areas in the world, this project works with indigenous communities • Increasing the number of animal dependant on the forest. encounters for each school visit.

ZOOS VICTORIA ANNUAL REPORT 2015–16 17 FIVE ACTION AREAS CONSERVATION

Our community taking action

We aim to provide experiences that Each handmade Beads for Wildlife piece inspire and facilitate individuals and purchased provides a woman in Northern 100% Certified Sustainable Palm Oil the community as a whole to take Kenya with a reliable income that doesn’t (CSPO) doesn’t threaten orang-utans in conservation action for a measurable rely on livestock or impact local wildlife. the wild. This campaign encourages and positive difference for our wildlife. More beads = less livestock = consumers to ask for palm oil that is more wildlife. clearly labelled and sustainably produced. Here are our community conservation key highlights for 2015-16. • 33,714 units of beads sold with • 49,266 signatures collected in a value of $224,278 in sales. support of palm oil labelling

• Since the campaign began, 208,642 • High-five installation at Melbourne units have been sold, totalling sales Zoo saw 269,000 high-fives given of over $1.28m. by visitors.

• New products launched, designed in • Polling data undertaken indicated colours reflecting animal colouration 84% support for labelling in Australia. in Northern Kenya. • Ben Williams (zoo member) has collected over 700 signatures in support of palm oil labelling across his school and swim club/squad.

• Joint statement with 17 other groups across South-East Asia and Australasia finalised – forming the Responsible Mobile phones donated to They’re Palm Oil Network. Calling on You raise much needed funds • Before the relaunch of the labelling for primate conservation and reduces campaign, the Zoopermarket and the demand for conflict minerals, CSPO-focused campaign saw 11,062 such as coltan. 2015-16 was our first emails and postcards collected year working with new partners – and sent asking manufacturers for Gorilla Doctors and Phone Cycle. 100% CSPO. • 11,421 phones donated in 2015-16.

• Total funds raised through They’re Calling on You = $25,343

• First donation sent to Gorilla Doctors is $12,672

• CGU donation of phones made in July which saw 6,279 phones donated in one hit.

18 ZOOS VICTORIA ANNUAL REPORT 2015–16

Specially designed bins made from Love Your Locals aims to raise the This campaign promotes switching recycled plastic waste collected at profile of 20 native species that risk to wildlife friendly toilet paper to help Melbourne Zoo were installed in selected disappearing in the wild within just save local wildlife. fishing locations to make it easy for 10 years, by engaging the community • Total number of pledges for the year anglers to dispose of waste without to help fight for their survival. is 6,494. harming wildlife. • 200 Rob the Frog toys descended • We recreated the iconic Spirits of the • Seal the Loop Action Day in November on popular locations throughout Sky show which saw a huge spike in the involved 1000 participants across Melbourne on Valentine’s Day, number of pledges from visitors to eight sites around Victoria, spanning including , switch to recycled toilet paper. from Warrnambool to Lakes Entrance. , Flinders St Station 80 bags of rubbish and more than and even Channel Nine personality 100 meters of fishing line were Rebecca Judd’s bedroom! The collected in one day. campaign to help Rob find love on KICKING Valentine’s Day attracted international • 12 bins have been installed, 10 of GOALS FOR attention, with an accompanying which have been installed by Wyndham WILDLIFE Mighty Boosh animation and social council along the Werribee River. media campaign reaching more than 17 are waiting for homes. The Kicking Goals for Wildlife 600,000 people. campaign aims to improve community • Total number of bins across Victoria • Redevelopment of World of Frogs at since campaign began is 244, and attitudes in Kenya towards wildlife Melbourne Zoo occurred including approximately 45 km of fishing line conservation by introducing a new donation point, new frog murals has been collected. a conservation-based soccer league. and sculptures. In 2015-16, Zoos Victoria secured a • 2015-16 data collection has seen an • Guardian dog pups were named with estimated 8.66 km of fishing line and US $20,000 grant from FIFA’s ‘Football the help of Victorian school students. more than 4,600 hooks collected. for Hope’ program to support campaign. • Love Your Locals study commenced • A Grade six student in Barwon Heads with University of South Australia has taken responsibility for emptying which looked at how many visitors, the Seal the Loop bin in his area and more broadly Victorians, know and recording data for Barwon Coast and love these lesser known local Council. He has collected 97m of species currently facing extinction. fishing line already.

ZOOS VICTORIA ANNUAL REPORT 2015–16 19 FIVE ACTION AREAS OUR ANIMALS

Establishing Zoos Victoria as a leading wildlife care organisation.

Animal Care In 2015-16 we continued to explore new ways to support positive welfare states for all of the animals in our care. This included an exciting, world-first research project that uses Xbox Kinect technology to better understand how and when Melbourne Zoo’s orang-utans might choose to interact with visitors. The collaboration between the University of Melbourne, Zoos Victoria and the Microsoft Research Centre for Social Natural User Interfaces aims to provide the apes with greater diversity over visitor interaction. If successful, it’s possible the new digital technology could be introduced for a number of animals across Zoos Victoria. We have continued to implement non-invasive techniques to assess animal welfare and action targeted interventions, when required, to achieve positive welfare states.

20 ZOOS VICTORIA ANNUAL REPORT 2015–16 Highlights • Underground buzzer Platypus twins The Servals at Werribee Open Range Platypus twins emerged from an Zoos Victoria’s Willy Wonka initiative Zoo have put their excellent hearing underground burrow in Healesville encourages staff to develop creative, to the test, with a remote-controlled Sanctuary in March. A ‘burrow cam’ innovative and proactive animal welfare buzzer hidden under the substrate installed at the Sanctuary allowed strategies using enrichment. In its third of their exhibit to encourage their keepers 24 hour visibility to discover year, seven projects across the three pouncing skills in a dynamic way. the twins after parents, Binarri and properties were completed: Tarrabi, began courting. This is the • Ungulate enrichment trees • Devil’s Dinner Drop A specially designed structure Sanctuary’s first Platypus birth in three Overhead aerial system at Healesville that can go within the giraffe yards years and the fifth successful breeding Sanctuary designed to drop food and at Werribee Open Range Zoo of twins. Healesville Sanctuary is still enrichment items into the Tasmanian with various attachments such as the first and one of only two zoos in the Devil exhibit at randomly selected industrial brushes. world to have bred Platypus. times throughout the night. Lion cubs • Wing’s World Significant births Three African lion cubs were born at Enrichment space installed in the back Werribee Open Range Zoo on 20 October. of house area of Wild Sea at Melbourne Elephant birth This is the first litter for parents Nilo Zoo that doubles as an encounter An Asian Elephant calf affectionately and Johari, and the first lion birth at the space for experiences. nicknamed Willow was born at Melbourne Zoo in June 2016 with a rare congenital Werribee Open Range Zoo. are in • Interactive primate wall condition preventing her from standing. trouble in the wild with estimated Interactive wall for Melbourne Zoo’s Despite intensive, round-the-clock care remaining numbers as low as 20,000 to capuchins, including medicinal herbs from our dedicated team of vets, nurses 30,000. Zoos Victoria is working to help to encourage rubbing, a cricket and keepers, Willow contracted a blood protect the species and other wildlife in dispenser, a moth attraction light infection which localised in her chest Northern Kenya through the community– and a misting system. and limb bones and she sadly passed based Beads for Wildlife program. • Reptile exercise pool away in August 2016. Construction of an exercise pool with water jets to provide physical Red Panda stimulation for Melbourne Zoo’s reptiles, The Melbourne Zoo welcomed Red Panda incorporating viewing for visitors. twins, Mandu and Keta, on December 10. The male cubs were of healthy weight • Vervet automated scatter feeder and have been vaccinated, microchipped Distributing food far and wide, and returned to their nest box where the automated scatter feeder has they spent their first five months. proved a hit for the Vervet Monkey’s Monitors were installed in the nest at Werribee Open Range Zoo. box before breeding, allowing close monitoring of the cubs for the first time.

ZOOS VICTORIA ANNUAL REPORT 2015–16 21 FIVE ACTION AREAS OUR ANIMALS

Elephants to protected-contact Animal Welfare Surveys To improve keeper safety, Melbourne Zoo’s elephants have transitioned The Animal Welfare Survey from free-contact to protected-contact is a risk assessment tool that management where elephants and gathers information from animal keepers do not share the same space. keepers to identify potential risks The zoo worked with the Animal Welfare to animal welfare, and conditions Science Centre (University of Melbourne) that are likely to facilitate positive from December 2013 to March 2015 welfare states. The goal is to have to monitor welfare indicators and assess all animals living in predominately any changes after implementation. positive welfare states by 2019. The study showed no deterioration In 2016, 74% of Zoos Victoria’s but, rather, implied some evidence enclosures/species were scored of beneficial changes to the behaviour as positive, 21% as neutral and and welfare of the elephants. 5% as negative, with an increase in positive scores from the previous year.

22 ZOOS VICTORIA ANNUAL REPORT 2015–16 Australian Wildlife Health Centre AGL Marine Response Unit Each year, spring brings with it ‘Turtle Based at Melbourne Zoo, the AGL “ Animal welfare continues Season’, when the vet team at the Marine Response Unit responds to calls to be at the forefront Australian Wildlife Health Centre for assistance involving seals, turtles, expects an increase in turtle admissions. dolphins and other marine wildlife in as we create positive welfare This year, a Common Long-necked Victorian waters. Such a rescue happened environments for all the Turtle was brought into the centre at this year when an Australian Fur Seal animals in the Zoo’s care.” Healesville Sanctuary with a hook was spotted near Southern Port Phillip Geoff Wescott lodged in her stomach. Bay with a harpoon lodged in its back. Zoos Victoria Board Member The injured animal was reported to the When it was being removed, it was Chair, Animal Welfare AGL Marine Response Unit who worked discovered she was carrying 11 eggs. Peer Review Committee with the Dolphin Research Institute The eggs were removed and put into and Parks Victoria to dart the seal and incubation so her injuries would heal transport it to Melbourne Zoo for properly and she would not strain treatment. The seal was successfully herself giving birth. treated before being released at The Australian Wildlife Health Centre Blairgowrie boat ramp and was later replicates the birth of wild turtles by seen by Polperro Dolphin Swims resting releasing them the day they begin to at Chinaman’s Hat. hatch. Thanks to accurate location data This is just one of the 247 marine cases on where this mother turtle was found, reported this year. Overall, yearling the 11 adorable baby turtles were seals had a very good year resulting in successfully hatched and released fewer reports of seals to the AGL Marine into the wild. Response Unit. In addition to day-to-day treatments like With the help of the AGL Marine Response this, the centre responded to an average Unit, our sea fauna has a better chance of 10 calls per day from members of the at survival when human interference public, vet clinics and wildlife carers poses a threat to them in the wild. seeking advice about injured wildlife. AGL Marine Response Unit in 2015-16: In 2015-16 we had a total of 1,131 wildlife admissions including: • 247 marine cases reported

• 7 • 97 required direct intervention

• 6 Grey Headed Flying Foxes • 40 entanglement cases involving wildlife • Hooded Plover • 14 Cetacean responses • 7 Helmeted Honeyeaters

• 2 Powerful Owls

• White-bellied Sea Eagle

• Brush-tailed Phascogale

ZOOS VICTORIA ANNUAL REPORT 2015–16 23 FIVE ACTION AREAS OUR ANIMALS

Animal Welfare Peer Review Stuttering Barred Frog White-faced Heron Committee Report at Melbourne Zoo at Healesville Sanctuary A Stuttering Barred Frog died during a The death of two White-faced Heron In 2008, the Victorian Minister for routine transfer. It was transported in a chicks occurred in September after tree Environment established the Animal non-transparent container so was not works within the Wetlands Aviary at Welfare Peer Review Committee (AWPRC) visible during the move. The death was Healesville Sanctuary. Regular to ensure full and frank disclosure and deemed avoidable and the AWPRC maintenance of vegetation occurs in the accountability of animal welfare-related recommended that only transparent aviary to provide integrity of the aviary matters across our zoos. The role of the containers, ‘Pal Pens’, are utilised for structure including wire-mesh. This committee is to review and provide advice frog transfer and transportation. work is typically scheduled for times to the Zoos Victoria Board on animal Zoos Victoria has re-affirmed this to of the year when resident birds are welfare related matters and incidents. keepers and the staff member involved unlikely to be nesting. The committee is made up of up between has been counselled. The investigation found that the planning six to eight members who possess for tree works was followed with every a qualification, interest and/or deep Little Penguins at Melbourne Zoo attempt made to determine the presence commitment to animal welfare. Our 14 Little Penguins were killed by a fox of nesting birds. However, the deaths Animal Welfare Peer Review Committee and found in their exhibit in November. were deemed avoidable and the following as of 30 June 2016: This was the first fox incursion into Melbourne Zoo in more than sixteen recommendations have been • Dr. Geoff Wescott years. The AWPRC found the incident implemented: Zoos Victoria Board Member and was deemed unavoidable but an external • Pruning to occur on a more regular Chair of the committee expert was engaged to investigate and basis, planning ahead of time with • Kirsty Sword Gusmão assess preceding indicators of the keepers completing multiple checks Zoos Victoria Board Member presence of a predator. Recommendations of large trees with thick growth have been made to further fox-proof to increase visibility and the chance • Carolyn Jackson of finding obscure nests. Zoos Victoria Board Member animal exhibits deemed high risk such as Little Penguins. Zoos Victoria has taken • Training in Zoos Victoria wildlife • Jon McGregor action to improve the inaccessibility for impact procedure to occur with all RSPCA foxes to Melbourne Zoo as a whole and horticulture and life sciences staff. • Matthew Jackson a pest management review is currently • Zoos Victoria wildlife impact checklist Phillip Island Nature Park underway across Zoos Victoria. to be modified and wording of • Dr Graham Mitchell, AO associated protocol to be strengthened. • Alice Skipper The committee met four times this year and considered six animal welfare incidents.

24 ZOOS VICTORIA ANNUAL REPORT 2015–16 Aldabran Giant Tortoise Common Brushtail Possum Eastern Grey Melbourne Zoo at Werribee Open Range Zoo at Healesville Sanctuary – Coranderrk Maranda, a Giant Tortoise, presented Rabbits present a significant impact Soft-jaw traps, used previously at the with lameness to her left forelimb in on operations at Werribee including sanctuary with no reports of catching July. Veterinary care followed, including competition for food with collection non-target species, were set by an general anaesthesia to enable further animals, and warrens compromise fence experienced contractor to remove a dog investigation of potential causes. Maranda integrity. During an annual baiting seen in the Corranderrk at Healesville developed paralysis of her hind-limbs. program using 1080, 17 Common Sanctuary. A kangaroo was found caught Following several weeks of treatment, Brushtail Possums presented dead after in one of the soft-jaw traps sustaining there were signs that the paralysis was consuming 1080 bait. They were all injuries to her forelimbs so she was resolving. However, the condition of her found in to a specific locality near the euthanised. The investigation found that left forelimb continued to deteriorate, giraffe house. This incident was due care had been taken with the selection and a decision was made for euthanasia. presented to Department of Environment, and monitoring of traps and the potential An investigation was made in order Water, Land and Planning who issued for trapping a kangaroo in a soft-jaw to understand more completely the a breach under the Agricultural and trap was unforeseen. The presence of processes for decision-making. Veterinary Chemicals Act 1992. a fox or dog in the Coranderrk presented While these events could have been a threat that could have resulted in the avoided if 1080 was not used, there loss of multiple should the is a need to reduce populations of traps not have been used. Zoos Victoria rabbits at WORZ. The use of 1080 on has undertaken a full review of its site has been put on hold until a review current pest management process for of rabbit baiting, including volume and predatory species. All soft-jaw traps location of baits, is concluded. have been removed/disabled while a review of the process occurs.

ZOOS VICTORIA ANNUAL REPORT 2015–16 25 FIVE ACTION AREAS VISITORS AND COMMUNITY

Numerous individuals and organisations Visitation Engaging are influenced by the work of Zoos Zoos Victoria experienced record visitation Victoria. Year on year we provide in 2015-16 with more than 2.5 million visitors and innovative, wildlife-based recreation people from around the world visiting and learning experiences that inspire the community our three zoos. Victorians accounted for and facilitate individuals and the over 75% of all visitors, supporting our community as a whole to take conserv­ with profound community engagement efforts to save ation action and make a measurable endangered species in our own back and positive difference. experiences yard. Thanks to more people coming In 2014-15 a five year master plan was through the gates than ever before, we launched with the ambition to make can further progress our conservation Victorians the world’s most wildlife work to fight extinction and provide friendly citizens. Through facilitating a better life for our animals. “A record 2.5 million people personal action, creating wildlife visited our zoos in 2015-16, advocates and activating our community’s Our Zoo Members directly supporting our work intrinsic values we want to engage the • 250,000 active members people to help stop species sliding to fight wildlife extinction.” • 86,000 households towards extinction. In its second year, Kirsty Sword-Gusmão increased visitation allowed further • 75% of households are families Zoos Victoria Board Member opportunity to put the plan into action. • 98% of members reside in Victoria

In addition to record on-site visitation, • 94% are based in metro Melbourne over 3.49 million people visited us online • Top 3 suburbs of members are to learn more about Zoos Victoria. 1. Point Cook, 2. Brunswick, 3. Coburg

• In five years we have more than tripled our member base, making us one of the largest zoo member programs in the world! MEMBER VIP

Visitors’ Origin - Zoos Victoria 2015-16 Visitor Numbers 2015-16

International 8% Interstate 7% Werribee Open 616 Range Zoo 555 Regional Victoria 8% Healesville 446 Sanctuary 428

Metropolitan Melbourne 1,438 Melbourne Zoo 77% 1,380

Zoos 2,500 Victoria 2,363

Total visitation (thousands) 2016 2015

26 ZOOS VICTORIA ANNUAL REPORT 2015–16 Tourism Community Access • Total tourism visitation grew across King of Sweden “We as a family hope that all Zoos Victoria, with over 200,000 6,000 Cub Scouts attended a Teddy other patients will benefit, international visitors and 160,000 Bear’s Picnic at Melbourne Zoo, hosted the way our family did.” interstate visitors heading to Zoos by His Majesty King Carl XVI Gustaf of Victoria in 2015-16 Sweden in His Majesty’s role as Chairman Spinal injury patient

• 15% of all people who visited Zoos of the World Scout Foundation. The Victoria in 2015-16 were also visitors event marked the 69th World Scout

to Victoria. Foundation Meeting and Events and was chosen to be held at the zoo. • We’ve seen a 36% growth in visitors Royal Melbourne Hospital Visits from China, Singapore and Malaysia The Melbourne Zoo hosted 10 patien- in 2015-16. from the Royal Melbourne Hospital in • China is now our largest international an initiative to provide access to those market, and recent celebrations to undergoing treatment. commemorate the Chinese New Year Lunar New Year of the Monkey resulted in a 27% growth in visitation As the only places in Victoria where for the month of February visitors can see monkeys, we celebrated the Year of the Monkey in style with total visitation growing by 27.84% for February thanks to the festivities.

Compassionate visit Compassion is an important value held by Zoos Victoria, and we are proud to advocate for the compassionate treatment of animals and people, particularly children. When a refugee family was brought to Zoos Victoria, we wanted to offer what so many children in Australia have access to: a fun day at the zoo. The family were hosted by Melbourne Zoo for a day that left the children smiling in awe at the seals and penguins and walking through the butterfly house in wonder.

ZOOS VICTORIA ANNUAL REPORT 2015–16 27 FIVE ACTION AREAS OUR PEOPLE

Supporting staff Key Highlights Occupational Health Zoos Victoria continued to build staff and Safety development capabilities through training and Health and Safety professional development. Our safety goal is to ensure that all staff as part of A three-day training course in problem-­ go home happy, healthy and safe – today a world-leading solving happened across all three and every day. Zoos Victoria has properties. The LEAN Community of partnered with IPM Safety to launch the zoo-based Practice – a collection of all staff that Safety Circle program across the have completed LEAN – held its second organisation. All staff have participated conservation meeting at Healesville Sanctuary in Safety Circle training, and a more to discuss key project updates, visual detailed program for organisation leaders organisation. management boards and to further has included introduction of the coaching develop the Zoos Victoria values. diamond – to ensure that conversations about safety are conducted in a way Employees get LEAN in 2016 that engages staff in behaviour change. We have continued to apply LEAN “ We continue to work with Whilst the number of lost time injuries principles as a fundamental part has increased, the severity of the injuries our staff to unlock their of the way we work. 35 staff have now has been low in most cases. As a result, potential as we strive for completed the Graduate Certificate our WorkCover premium has reduced in Competitive Systems and Processes continuous improvement for the third year in a row. as an organisation.” through Swinburne University. A further 50 staff have completed formal training Anne Ward in LEAN structured problem solving Chair, Zoos Victoria Board and many more have participated in Chair, Remuneration, Governance information sessions about specific LEAN is a set of strategies, and Safety LEAN tools. frameworks and tools developed More than 60 LEAN improvement by Toyota to increase productivity projects have been undertaken. These and engage staff. While originally have included: zero waste to landfill, designed to improve manufacturing servicing the helmeted honeyeater process, the LEAN principles complex at Healesville Sanctuary, food have successfully been adopted preparation at Werribee Open Range in a wide range of industries and Zoo, visitor entry at Melbourne Zoo, organisations across the globe, and payroll processing. including Zoos Victoria.

28 ZOOS VICTORIA ANNUAL REPORT 2015–16 Safety Circle Volunteers Staff Zoos Victoria was introduced to Safety Our 2016 Volunteer Satisfaction Job satisfaction grew from 73% in Circles as part of the LEAN Training survey found: 2014-15 to 81.35% in 2015-16. In 2016-17 at the start of the 2016 calendar year. we will continue to monitor staff satis­ • 76% of volunteers feel proud to be faction through short monthly surveys. The fundamentals around safety should supporting Zoos Victoria translate to increased attention to animal care, and in time will be used • 60% experienced unexpected Employee Relations to address avoidable animal deaths. benefits from volunteering Two new industrial agreements were (social connectedness, teaching negotiated during the year – the Keepers, Safety Circle is based on the LEAN and learning) Veterinary Nurses, Horticulturists and principles of respect for people and Groundstaff Agreement 2015, and the • 82% feel supported in their role continuous improvement, with a focus Salaried Staff Agreement 2015. on leadership commitment to safety • 34 research volunteers trained The agreements provide wage increases and expanding personal responsibility. by the Wildlife Conservation and which reflect Zoos Victoria’s strong The approach guides intensive safety Science Department performance and changes to employment interventions including detailed and arrangements which will support updated risk registers, addressing improvement initiatives. hazards, safety training and leadership training in coaching. A pledge was signed by all leaders to acknowledge and agree to:

• Speak up and challenge others to be healthy and safe

• Lead and support people to follow standard procedures and rules to work inside the Safety Circle

• Ensure positive communication and immediate performance management

• Be responsive, follow up and fix unsafe conditions

• Maintain a high standard of work organisation

• Interrupt unsafe acts – their own and others

• Be grateful when interrupted for health and safety concerns

Training with Taronga A partnership was established with Taronga Training Institute to deliver the Certificate III in Captive Animals from February 2016. This will be open to the general public and Zoos Victoria supported a limited number of places for our keepers during this first year trial.

ZOOS VICTORIA ANNUAL REPORT 2015–16 29 FIVE ACTION AREAS FINANCIAL SUSTAINABILITY

Ensuring the long-term financial Key Highlights Gala Ball sustainability of all our Guests to the Minute to Midnight Gala Ball arrived at Melbourne Zoo’s Butterfly operations to maintain and House on mini trains for pre-dinner cocktails, before entering a decorated improve the value of assets and marque just adjacent to the Carousel. make meaningful and measurable Co-hosted by Channel Nine’s Livinia Nixon and Tony Jones, the focus of the investment in conservation. night was clear: wildlife conservation. Guests heard about the importance of Zoos Victoria’s conservation works from speakers including the Governor of Victoria the Honourable Linda Dessau AM, Zoos Victoria CEO Jenny Gray, Sonia Kent (Chair Zoos Victoria Foundation) and the Chair of Zoos Victoria, Anne Ward. Award winning chef and media personality, Guy Grossi, designed a three course meal matched to wines donated by board member, Mark Newman. Auctioneer Roger McIlroy, donated his services for some competitive bidding amongst a crowd with a keen eye on the prizes. The Ball continued well into the night with guests riding the carousel and dancing to a successful evening right to the very end. Special thanks to the Yulgibar Foundation for its generous matched gift, the organising committee of Sonia Kent, Natasha Bowness and Monica Grollo, our amazing ambassadors and all the donors for their support on the night.

30 ZOOS VICTORIA ANNUAL REPORT 2015–16 Environmental Sustainability “Victoria’s philanthropic Further progress was made in 2015-16 community has continued in our efforts to be an organisation dedicated to operating more sustainably. its great support of • 188kW of solar panels were installed the zoo, contributing over with contracts to deliver a further $1.9 million in 2015-16.” 250kW across our zoos in 2016. Sahil Merchant In 2017, we will have 438kW of solar Zoos Victoria Board Member PV, reducing our carbon emissions by 2 Chair, Revenue Growth Committee 488T CO e – the equivalent to removing 113 cars off the road or powering 62 average Australian houses Customer Relationship Manager • Our renewable energy generation has In 2015-16 we undertook a major increased to 213,491 - a 42% rise in upgrade of our database, integrating renewable energy that equates to 3% 994,487 records into a single system of total electricity use streamlining communications and increasing revenue. The new Customer • Natural Gas consumption was reduced Relationship Manager brings our by 9.6% extensive network of members, • Overall there was a decrease in total stakeholders, supporters and partners energy consumption of 1.25% into one easy to use system. The new • Recycling rate is steady at 76%, system allows us to further upgrade despite higher than normal waste our ticketing system scheduled to occur from cleanout initiatives; an increase in 2016-17. in waste to landfill was balanced by increased recycling

• Water consumption is similar to last year despite hot and dry conditions. While consumption of potable water increased, the use of recycled water also increased with a reduction in river water usage, leading to an overall rise of 0.1%.

CO2 emissions (tonnes CO2e)

2015-16 2014-15 2013-14

14,778.52 14,560.32 14,820.73

ZOOS VICTORIA ANNUAL REPORT 2015–16 31 ORGANISATIONAL CHART AS AT 30 JUNE 2016

Jenny Gray, Chief Executive Officer

Joe Barberis Gillian Hoysted Rachel Lowry Sally Lewis Director Business Director Human Director Wildlife Director Werribee Development Services Conservation Open Range Zoo General Manager, HR Business Partner, General Manager General Manager, Philanthropy Melbourne Zoo Community Life Sciences Conservation and General Manager, HR Business Partner, General Manager, Learning Membership Healesville Sanctuary Operations General Manager, General Manager, HR Business Partner, General Manager, Threatened Species Commercial Werribee Open Visitor Experience Development Range Zoo Senior Manager, Governance and Sustainability Senior Manager, Administration Continuous Improvement Senior Manager Manager Processes Animal Welfare Senior OHS Advisor

Lawrence Tai Alison McDowell Kevin Tanner Glen Holland Chief Financial Officer Director Marketing, Director Director Healesville Finance Manager Communications Melbourne Zoo Sanctuary and Digital Governance and General Manager, General Manager, Planning Manager General Manager, Operations Life Sciences Corporate General Manager, General Manager, Administration Communications and Life Sciences Operations and Procurement Stakeholder Relations Manager General Manager, General Manager, General Manager, Visitor Experience Visitor Experience Marketing Governance and General Manager, Administration IT and Digital Manager Innovation

32 ZOOS VICTORIA ANNUAL REPORT 2015–16 OUR WORKPLACE PROFILE

As at As at Zoos Victoria is committed 30 June 2016 30 June 2015 to applying merit and equity Employees principles when appointing staff. The selection processes Male 228 242 ensure that applicants are Female 390 416 assessed and evaluated fairly Casual and equitably on the basis Male 57 83 of the key selection criteria Female 95 196 and other accountabilities Full-time without discrimination. Male 164 159

Female 183 220

FTE Part-time and Full-time 418.4 279

FTE Casuals 80.5 119

Indigenous Employees 1 2

Executive

Male 4 4

Female 5 5

Senior Managers

Male 11 12

Female 8 9

ZOOS VICTORIA ANNUAL REPORT 2015–16 33 KEY PERFORMANCE INDICATORS

Imperative Outcome Performance Indicator Target June 30 June 30 2016 2015

Wildlife Fighting wildlife No. of Fighting Extinction species 6 5 6 Conservation extinction increased in the wild

Wildlife Fighting wildlife Annual investment in wildlife $6m $5.7m $4m Conservation extinction conservation

Community Acting for wildlife No. of staff engaged with our 95% 94% 94% Conservation fighting extinction direction

Community Acting for wildlife Behaviour change actions 85,000 114,469 168,000 Conservation taken up by the community

Working Maximising our Avoidable animal deaths 0 10 9 Smarter animal care

Working Living safely Lost-time Injuries <10 19 13 Smarter

Working Living safely and Hours of staff training 2,000 6,302 7,837 Smarter eliminating waste

Working Living sustainably Annual Carbon Equivalent n/a 14,781.88 14,560.32 Smarter

Working Eliminating waste Full-time Equivalent 471 471 450 Smarter and living sustainably

Working Eliminating waste, Spend on asset maintenance $6m $6.6m $4.2m Smarter living sustainably and safely and maximising our animal care

Working Eliminating waste, New or improved infrastructure $9m $10.5m $8m Smarter living sustainably and safely and maximising our animal care

Growing Visitation increase Total visitors 2,426,452 2,500,079 2,363,000 Revenue for fighting wildlife extinction

Growing Increase retail spend Income per paid visitor $25.82 $26.08 $25.86 Revenue for fighting wildlife extinction

Growing Increase number of Total Zoo Members 275,611 246,275 237,084 Revenue members for fighting wildlife extinction

Growing Retaining number of Member retention rate 52% 47% 51.5% Revenue members for fighting wildlife extinction

34 ZOOS VICTORIA ANNUAL REPORT 2015–16 Admission Charges

Details 2015-16 2014-15 2013-14

Adult (16 years of age or more) $31.60 $30.80 $30.00

Child (under 16 years of age) $15.80 $13.60 $13.20

Child (under 16 years of age) on weekends, public holidays and Victorian school holidays Free Free Free

Physically or intellectually disabled child under 16 years of age $6.00 $6.00 $6.00

Family (a group of four persons including up to two Adults) $79.90 $74.60 $68.50

Full time student on presentation of proof of full time enrolment $24.20 $23.60 $23.10 in secondary school or post-secondary educational institution

Eligible recipient or eligible beneficiary within the meaning of the $24.20 $23.60 $23.10 State Concessions Act 1986 on presentation of a current pensioner or Health Care Card issued by the Commonwealth Government

ZOOS VICTORIA ANNUAL REPORT 2015–16 35 FINANCIAL SUMMARY

Details 2015-16 2014-15 2013-14 2012-13 2011-12 000’s 000’s 000’s 000’s 000’s

Recurrent

Revenue Zoo Activities 1 55,630 52,598 46,982 46,367 39,643

Other grants, income and sponsorship 11,115 9,573 6,174 6,583 7,181

Parks and Reserve Trust Fund 2 16,370 16,469 17,535 13,078 14,635

Total Income 83,115 78,640 70,691 66,028 61,459

Total Depreciation (7,965) (7,852) (7,745) (7,917) (7,896)

Total Operating Expenses (70,480) (65,987) (62,335) (59,425) (61,231)

Total Expenses (78,445) (73,839) (70,080) (67,342) (69,127)

Net Result from transactions 4,670 4,801 611 (1,314) (7,668)

Other economic flows3 (280) (213) (2,498) 8 20

Net Result for the period 4,390 4,588 (1,887) (1,306) (7,648)

Assets, Liabilities and Equity

Total Assets 369,601 284,449 262,531 258,100 249,253

Total Liabilities (16,691) (15,180) (14,814) (14,888) (13,591)

Total Equity 352,910 269,269 247,717 243,212 235,662

Capital Contributions for 4

Predator & Prey Stage 2 5,875

Lion Gorge Exhibit 5,000

Lemur Exhibit 4,000

Safari Fleet 2,200

Werribee Zoo Arrival Precinct 2,500

Bridge and Bus Stop Shelter 2,500

1 T otal expenses is comprised of high fixed costs, linked to the care of animals and assets rather than visitor numbers. 2 T he Parks and Reserves Trust Account funding is a rate levied on metropolitan properties under the provisions of the Water Industry Act 1994 and is provided for the purposes of conservation, recreation, leisure and tourism within the metropolitan area. 3 Other economic flows consist of $0.34 million arising from revaluation of long service leave liability due to changes in bond rates and $0.06 million for gain on disposal of physical assets. 4 Capital Contribution by State Government and is treated as Equity.

36 ZOOS VICTORIA ANNUAL REPORT 2015–16 BOARD ATTENDANCE

Board Meeting Attendance - 1 July 2015 to 30 June 2016

Member No. of meetings eligible No. of meetings attended Date appointed

Anne Ward 7 7 19/03/13

Helen Thornton 7 6 23/03/13

Ken Hinchcliff 7 6 10/08/11

Geoff Wescott 7 6 07/09/11

Sahil Merchant 7 7 30/04/13

Natasha Bowness 7 7 30/04/13

Carolyn Jackson 7 4 10/08/14

Kirsty Sword Gusmao 6 5 01/10/15

Brian Cook 5 5 01/10/15 – 10/06/16

Jon Hickman 1 1 07/09/11 – 30/09/15

Mark Powell 1 1 10/08/14 – 30/09/15

ZOOS VICTORIA ANNUAL REPORT 2015–16 37 BOARD PROFILES AS AT 30 JUNE 2016

Ms Anne Ward Ms Helen Thornton Dr Kenneth Hinchcliff BA, LLB (Melb), FAICD B.Ec ACA, MAICD BVSc (Hons), MS, PhD, DACVIM Chair Deputy Chair Ken was appointed to the Board Anne was appointed as Chair in March Helen was appointed to the Board in in May 2008. He is a graduate of the 2013. She came to the Board with more February 2010; she was appointed as Melbourne University Veterinary than 30 years of extensive experience in Chair of the Audit & Risk and Compliance School and was Dean of the Faculty of business management, strategy, finance, Committee in March 2010 and Deputy Veterinary Science, and then the Faculty risk and governance across a range of Chair of the Board in October 2015. of Veterinary and Agricultural Sciences, industries including banking, agriculture, Helen has extensive experience in risk at the University of Melbourne between property and tourism. Prior to becoming management, audit, finance, strategy 2007-2015. He is currently the CEO a professional director, Anne was and corporate governance. She has held (Warden) of Trinity College, Melbourne a commercial lawyer advising major a number of senior leadership positions which is an educational institution corporations on strategic transactions, in major corporations including BlueScope of 2200 students affiliated with the mergers and acquisitions, capital Steel, BHP Billiton and Deloittes. University of Melbourne. Ken has markets, contract law and regulation, completed advanced training program and corporate governance. She was Helen has over 16 years as a non- in large animal internal medicine and is a corporate partner at two major executive director and is currently the author of several international Australian law firms, Minter Ellison also on the boards of Yarra Valley veterinary textbooks and approximately Lawyers and Herbert Geer in Melbourne. Water and Legal Practitioners Liability 200 scientific publications. He is deputy Anne is presently Chairman of Colonial Committee and is an independent Chair of the Listing Committee of the First State Investments and Qantas member of the Risk & Audit Committees Federation Equestre International, Superannuation, a Council member for both the Department of Environment, a member of the Board of Regents of at RMIT University and a director Land, Water and Planning and the the American College of Veterinary of MYOB Group Ltd. Department of Health & Human Services. Internal Medicine and Co-Editor of the She is a former board member of Journal of Veterinary Internal Medicine. Rural Finance Corporation and Big Sky Ken was a professor in the College Building Society. of Veterinary Medicine at Ohio State University before joining the University of Melbourne in 2007.

38 ZOOS VICTORIA ANNUAL REPORT 2015–16 Mr Sahil Merchant Associate Professor Geoff Wescott Dr Kirsty Sword Gusmão LLB (Hons), B Comm, MBA, GAICD B.Sc (Hons), M.Sc, M.Sc, Ph.D FEIANZ AO Sahil was appointed to the Board Geoff was appointed to the Board in Dr Sword Gusmão is the Goodwill in April 2013 and is a seasoned 2011 and is Associate Professor of Ambassador for Education of Timor-Leste, entrepreneur who is equally comfortable Environment at Deakin University in Chair of the Alola Foundation and Expert in the corporate setting. He has particular Melbourne, a Fellow of the Environment Adviser to the Timor-Leste National expertise in digital strategy and execution Institute of Australia and New Zealand, Commission for UNESCO. in the context of large organisations, a member of the World Commission for She has a long service history in data strategy, digital marketing, Protected Areas of the IUCN and Vice fostering international relations, and e-commerce and customer engagement. President of the Australian Coastal improving education, health and living He has founded numerous companies, Society. He has served on the Australian conditions. Her expertise in international including (but not limited to) a physical National Oceans Advisory Group, the engagement and education will be retail brand, a consulting firm which was Victorian Coastal Council, Parks Victoria valuable assets for marketing and successfully merged into Ogilvy Australia, and has just written a new edition on promoting Victoria’s zoos to the world. and a medical services company (using rocky shores, flora and fauna of Wilsons ground breaking surgical techniques). Promontory National Park. Mr Brian Cook

Sahil is a Senior Vice President at Carolyn Jackson Brian Cook is Chief Executive of the McKinsey & Company, He is responsible LLB, BCom MPA Geelong Football Club, Chair of the for leading McKinsey’s digital practice Geelong Cats Sports Foundation, Chair Carolyn was appointed to the Board in Australia, including McKinsey Digital of the Project Control Group for the in August 2014 and is the Executive Labs, to drive transformative change redevelopment of Simonds Stadium, Director of Finance and Planning (CFO) through Australian enterprise. Director of the Barwon Health Future with the Department of Environment, Fund, and was previously a Director Ms Natasha Bowness Land, Water & Planning. Carolyn has at Tourism Victoria. B. Ec, ACA, GAICD extensive experience in policy and Natasha was appointed to the Board in strategic financial management across April 2013. She is an Executive Director the Victorian Government, including of the Wilbow Group, a private family roles with the Department of Treasury investment group whose activities and Finance. Carolyn has a double include property, listed and unlisted degree in Law and Commerce investments, and private equity. (Economics), and a Masters Degree Natasha has experience in governance, in Professional Accounting. strategy, business management, finance, accounting, audit and philanthropy. Prior to joining Wilbow, she had a seven year career with PriceWaterhouseCooper in Australia and Internationally. Natasha is Chair of the Bowness Family Foundation and served as Deputy Chair of the Zoos Victoria’s Foundation Board.

ZOOS VICTORIA ANNUAL REPORT 2015–16 39 BOARD COMMITTEES

Zoos Victoria Board Committees Zoos Victoria Zoos Victoria Independent Board Members Management Members

Revenue Growth Committee Sahil Merchant (Chair) CEO Gabby Leibovich The role of the Committee is to support development Anne Ward Property Directors Danielle Press and review of revenue growth for Zoos Victoria, within Brian Cook Sonia Kent the context of the Zoos Victoria strategy set by the Board. In fulfilling this role, the Committee will advise, monitor and make recommendations.

Remuneration, Governance and Safety Anne Ward (Chair) CEO Loren Murray To advise, monitor and make recommendations to the Kirsty Sword Gusmao HR Director Jenny Pequignot Board of Directors in relation to executive remuneration, Property Directors overarching industrial relations policies and guidelines and governance matters, nominations to Board positions and strategic risk management.

Audit, Risk Management and Compliance Committee Helen Thornton (Chair) CEO Peter Riley To review the quality of financial reporting, the financial Natasha Bowness CFO (resigned 16/12/15) management of the capital development program, Carolyn Jackson Matt O’Keefe review of financial risk management procedures and monitor regularly, legal and internal control compliance.

Science Advisory Committee Prof Ken Hinchcliff Director Wildlife Andrew Bennett To advise and assist Zoos Victoria in discharging its (Chair) Conservation David Gardner responsibilities in relation to science, research and Dr Geoff Wescott Senior Veterinarian Betty Weiler conservation activities. The Committee consists senior Brian Cook Senior Scientist David Middleton Zoos Victoria staff, a nominated representative from Michael Clarke the Department of Environment and Primary Industries Graeme Coulson and at least three independent external members with Liam Smith recognised scientific and research disciplines. Kim Lowe Michael Kearney

Animal Welfare Peer Review Committee Geoff Wescott (Chair) CEO Graham Mitchell To confirm that the care of animals is conducted in Carolyn Jackson Director Wildlife Matthew Jackson accordance with Zoos Victoria and industry policies and Kirsty Sword Gusmao Conservation Alice Skipper procedures, review all animal welfare incident reports Senior Veterinarian Justice Tony Pagone and peer review decisions made and conclusions drawn Senior Life Sciences from any investigation into issues from complaints Managers or concerns about animal welfare. The Animal Welfare Peer Review Committee report is detailed on page 30.

40 ZOOS VICTORIA ANNUAL REPORT 2015–16 CORPORATE GOVERNANCE AND OTHER DISCLOSURE

Attestation Audit and Risk Management regarding corporate and business plans and forecasting. Compliance with the Australian/New and Compliance Committee Zealand Risk Management Standard The Audit and Risk Management and • To review the financial management of the Board. I, Chair of the Audit, Risk and Compliance Compliance Committee consists of the Committee of the Board certify that the following members at 30 June 2016. • To review the effectiveness of internal Zoological Parks and Gardens Board has The main responsibilities of the Audit controls and financial risk manage- complied with the Ministerial Standing and Risk Management & Compliance ment procedures. Direction 4.5.5 – Risk Management Committee are: • To review the appointment, scope, Framework and Processes. • To review the quality of statutory findings and independence of the The Zoological Parks and Gardens financial reporting and support the internal and external audits. Board Audit and Risk Management and Board in making informed decisions • To monitor regulatory, legal and Compliance Committee verifies this. regarding accounting practices and internal control compliance. disclosures. • To review and assist the development • To review the quality of management of strategies for key financial areas. financial reporting and support the Helen Thornton Board in making informed decisions Chair of the Audit, Risk Management and Compliance Committee 5 September 2016 Name Position No. of Meetings Attended Period to No. of Meetings Held Gifts, Benefits and Hospitality Framework Attestation Helen Thornton Board Member 5/5 01/07/2015 to (Chair) 30/06/2016 I, the Chief Executive Officer, certify that:

• my public entity has gifts, benefits Natasha Bowness Board Member 3/4* 19/11/2015 to and hospitality policies and procedures 30/06/2016 in place; Carolyn Jackson Board Member 4/4* 19/11/2015 to • these policies and procedures are 30/06/2016 consistent with the minimum require- Matt O’Keefe Independent 4/5 01/07/2015 to ments and accountabilities outlined in 30/06/2016 the Gifts, Benefits and Hospitality Policy Framework for the Victorian Jon Hickman Board Member 1/1** 01/07/2015 to Public Sector – Revised April 2012 19/08/2015 issued by the Public Sector Standards Mark Powell Board Member 1/1** 01/07/2015 to Commissioner; and 19/08/2015 • these policies and procedures are Peter Riley Independent 1/2** 01/07/2015 to updated, promulgated and provided 15/12/2015 to the audit committee for review at least once a year. Zoo Management in attendance but are not members of the committee

Jenny Gray Chief Executive Officer

Lawrence Tai Chief Financial Officer

*  M embers joined on the 19/11/2015 and the maximum numbers of meetings Jenny Gray held for them is 4. Chief Executive Officer Zoological Parks and Gardens Board ** Members left on 19/08/2015 or 15/12/2015 and the number of meetings held for 5 September 2016 them is 1 and 2 respectively.

ZOOS VICTORIA ANNUAL REPORT 2015–16 41 CORPORATE GOVERNANCE AND OTHER DISCLOSURE

Freedom of Information Major External Reviews National Competition Policy The Freedom of Information Act 1982 There were no major external reviews In 1995, all Australian Governments allows the public a right of access to conducted in 2015-16. (Federal, State and Territory) agreed to documents held by the Board. Details review and, where appropriate, reform of FOI requests received during the Subsequent Events all existing legislative restrictions financial year are outlined below. on competition. Under the National There were no matters subsequent to Competition Policy, the guiding legislative the financial report being finalised that principle is that legislation, including Details Number Number would significantly affect finances. future legislative proposals, should not 2015-16 2014-15 restrict competition unless it can be Access granted 3 4 Significant changes in the demonstrated that: in part financial position during • The benefits of the restriction to Access granted 0 2 the year the community as a whole outweigh the costs; and in full There were no significant changes Access denied 0 0 in the financial position during the year. • The objectives of the legislation in full can only be achieved by restricting competition. No Documents 1 1 Major changes or factors affecting performance The Board continues to comply with Matters not 0 0 the requirements of the National There were no major changes or factors finalised Competition Policy. during the year that would significantly FOI Withdrawn 0 0 affect financial or operational perform­ Total 4 6 ance throughout the year.

Requests as 1st July 1st July detailed in 2016 205 Disclosure of Major Contracts Section 17 of No contracts over $10 million were the FOI Act entered into during the reporting period. must be made in writing Consultancies along with the prescribed fee Details of consultancies under $10,000 There were no consultancies paid under Prescribed fee $27.90 $27.20 $10,000 for the 2015-16 financial year. as at Details of consultancies over $10,000

Consultancies paid greater than Contact Details $10,000 are listed in the table below. FOI Officer P.O. Box 74 Parkville, Vic 3052 Consultant Purpose Start Date End date Total Future Telephone: (03) 9285 9300 Fee Expenditure Fax: (03) 9340 2795 Ernst & Pricing 18/12/2015 29/06/2016 $61,980 $15,000 Email: [email protected] Young research and framework

Urban Feasibility 11/03/2016 29/04/2016 $10,756 Nil Initiatives study: parking

42 ZOOS VICTORIA ANNUAL REPORT 2015–16 Protected Disclosure Act 2012 Reporting procedures Disclosures under the Compliance with the Protected Disclosure Disclosures of improper conduct or Protected Disclosure Act 2012 Act 2012 (formerly the Whistleblowers detrimental action by the Board or any of The number of disclosures made Protection Act 2001). its employees and/or officers may be made by an individual to the Board and to any of the following Board personnel: The Protected Disclosure Act 2012 notified to IBAC encourages and assists people in making • The Protected Disclosure Coordinator; Number Number disclosures of improper conduct by public • The Chief Executive Officer of the Board; 2014-15 2013-14 officers and public bodies. The Act provides protection to people who make • A Protected Disclosure Officer Assessable 0 0 disclosures in accordance with the Act of the Board; disclosure and establishes a system for the matters • A manager or supervisor of a person disclosed to be investigated and rectifying from the Board who chooses to make action to be taken. a disclosure; or Compliance Statement for Financial Management The Board does not tolerate improper • A manager or supervisor of a person conduct by employees, nor the taking from the Board about whom a The Zoological Parks and Gardens of reprisals against those who come disclosure has been made. Board of Victoria has complied with forward to disclose such conduct. It is the Financial Compliance Framework Alternatively, disclosures of improper committed to ensuring transparency Direction requirements. conduct or detrimental action by the and accountability in its administrative Board or any of its employees and/or and management practices and supports officers may also be made directly to the Public Administration Act 2004 the making of disclosures that reveal Independent Broad-based Anti-corruption Consistent with the requirements of the corrupt conduct, conduct involving Commission (IBAC): Public Administration Act 2004, the a substantial mismanagement of public Board has adopted a range of policies resources, or conduct involving a Level 1, North Tower, 459 Collins Street designed to promote good governance substantial risk to public health and Melbourne, VIC 3000 in all its decision making and operations. safety or the environment. Phone: 1300 735 135 Internet: www.ibac.vic.gov.au The policies comprise: Code of The Board will take all reasonable Email: (see the website above for the Conduct; Conflict of Interest; Dispute steps to protect people who make secure email disclosure process, which Resolution; Gifts, Benefits and such disclosures from any detrimental also provides for anonymous disclosures) Hospitality; Meetings and Decision action in reprisal for making the Making; and Performance Assessment. disclosure. It will also afford natural Further information justice to the person who is the subject Information and Communication of the disclosure to the extent it is The Protected Disclosure Policy and Technology (ICT) expenditure legally possible. Procedures, which outline the system for reporting disclosures of improper conduct For the 2015-16 reporting period, or detrimental action by the Board or Zoos Victoria had a total ICT any of its employees and/or officers, are expenditure of $1,075,000, with the available on Zoos Victoria’s website. details shown below.

ICT expenditure ($ thousand)

Total Entity ICT ICT BAU ICT Non-BAU Expenditure Expenditure expenditure Operational Capital expenditure Expenditure (OPEX) (CAPEX)

$3,187 $1,075 – $2,112

BAU – Business as Usual

ZOOS VICTORIA ANNUAL REPORT 2015–16 43 CORPORATE GOVERNANCE AND OTHER DISCLOSURE

Compliance with the Maintenance Statement of Availability Building Act 1993 Maintenance and improvement works of Other Information are regularly carried out on Zoological The Zoological Parks and Gardens Board Information relevant to the headings Parks and Gardens Board’s buildings Victoria complies with the building listed in Financial reporting Direction to ensure that they are maintained management provisions of the Building 22B of the Financial Management Act in a safe and serviceable condition. Act 1993. The Zoological Parks and 1994 is held at Zoos Victoria offices and Gardens Board Victoria ensures that Conformity is available on request, subject to the all works requiring building approval Freedom of Information Act 1982. Work is continuing to ensure that all have plans certified, works in progress existing buildings conform to standards. inspected and Occupancy Permits Compliance with DataVic issued by independent Building Surveyors Access Policy engaged on a local job by job basis. It Pecuniary Interest Disclosures also ensures that plans for these works Board members are required to complete Consistent with DataVic Access Policy are lodged with the relevant local council. a statement of pecuniary interest issued by the Victorian Government in 2012, Zoos Victoria has not submitted The Zoological Parks and Gardens including any relevant shareholdings any datasets to DataVic. If in the future Board Victoria requires all building on appointment. At the start of each relevant datasets become available, practitioners engaged on building works Board meeting, members are given the these will be provided to DataVic in to be registered and maintain registration opportunity to update or declare their accordance with the policy. throughout the course of the works. specific interest. Declarations of interest is recorded in the Board’s minutes. Building works Disclosure of Government The major building work completed in Implementation of Advertising expenditure 2014-15 was the construction of the Lion the Victorian Industry No Government advertising expenditure Gorge Exhibit at Melbourne Zoo. Participation Policy was incurred by Zoos Victoria during The Zoo ensures that all building projects the reporting period. In October 2003, the Victorian Parliament were constructed by registered builders passed the Victorian Industry Participation in accordance with approved drawings Policy Act 2003 which requires public and specifications. The exhibits are now bodies and Departments to report on the being used by the staff and public. implementation of the Victorian Industry All works had plans certified, works Participation Policy (VIPP). Departments in progress inspected and Occupancy and public bodies are required to apply Permits issued where required by VIPP in all tenders over $3 million in independent Building Surveyors. metropolitan Melbourne and $1 million in regional Victoria.

Number Value

2015-16

Contract commenced – –

Contract completed – –

2014-15

Contract commenced – –

Contract completed 1 $5 million

44 ZOOS VICTORIA ANNUAL REPORT 2015–16 OUR PARTNERS AND SUPPORTERS

Corporate Partners Estates Philanthropic Supporters Platinum Zoos Victoria acknowledges the Platinum generosity of those who have left AGL Energy Ltd The Ian Potter Foundation a gift in their Will The Yulgilbar Foundation Gold Estate of Elaine Anderson ANZ Estate of Faye Atkins Gold In loving memory of Margaret Bray The Dyson Bequest Silver Estate of Gloria Cooper Schweppes Australia The HGK Foundation Silver Unilever Australia (Streets) The Merle Carrol Assistance Fund, Bamford Family Foundation RACV managed by Perpetual Bowness Family Foundation Estate of Kevin Cowell The William Buckland Foundation, Supporters Estate of Eveline Cutler managed by Equity Trustees Melbourne Veterinary Estate of Linda Dowel John Cochrane Specialist Centre Estate of Christopher Ellis IOOF Foundation Melbourne Airport Estate of Rita Fang The Robert and Mem Kirby Foundation Montague Fruits and Village Roadshow Estate of Margaret Godbold Visy Lord Mayor’s Charitable Foundation Estate of Mary Griffith Jetpets The Scobie and Claire Mackinnon Trust Estate of David Griffiths Mailguard Merrin Foundation Estate of Heather Hardy Mattioli Sid and Fiona Family Foundation In memory of John Graham Wilfred Head OAM Peter and Carmen Schembri and family Media Partners Estate of Mildred Heilman Sunraysia Foundation Channel NINE Estate of Dorothea Hill Vizard Family Foundation The Herald and Weekly Times Estate of Vincent Lucardie Alex, Heloise and Jake Waislitz Estate of Winifred Mackenzie Albert George and Nancy Caroline Estate of Audrey Mason Youngman Trust, managed by Equity Trustees Estate of Merlie Merchant Estate of Kevin Mullan Estate of Ernest Pallot Estate of Shirley Poole Estate of Anne Elizabeth Raymond Estate of Raymond Reynolds Estate of Muriel Ryan Peter and Barbara Shearer Estate of Beryl Sparks Estate of Robine Enid Wilson Estate of Antonietta Zampolli

ZOOS VICTORIA ANNUAL REPORT 2015–16 45 OUR PARTNERS AND SUPPORTERS

Bronze Supporters Community Andrew Fairley AM Andrew and Shadda Abercrombie Cardinia Catchment Landcare Fox Family Foundation Venise Alstergren Country Fire Authority Alexander Gosling AM Australian Geographic Healesville Chamber of Commerce Grollo Ruzzene Family Foundation Ken and Joy Barassi Help for Wildlife Hermon Slade Foundation Andrew and Annie Bell Leukaemia Foundation Ian Hicks AM B M Investments Melbourne Airport John T Reid Charitable Trusts Miche Bonett-Horton Member for Seymour, Cindy McLeish Sonia and Wayne Kent Vicki Callanan Mission Australia Portland House Foundation Joseph Cappadona Monash Children’s Hospital Vicki Standish Collier Charitable Fund RACV Healesville Country Club Zoo and Aquarium Association Mark Collins and Carol Schilling-Collins Royal Children’s Hospital Dr Simon Edelstein YMCA Victoria Cliff and Jane Gale Weerama (Werribee) Festival Lillian Gibbeson Wildlife Victoria James and Marged Goode Wyndham Community and Education Jenny Gray Centre The Hamilton Family Worawa Aboriginal College Stephen Harris Wyndham Children’s Week Festival John Higgins Yarra Trams Dale and Ian Johnson Community and Public Sector Union Love Racing Pty Ltd United Voice Mazda Foundation University of Melbourne Tina McMeckan Construction, Forestry, Mining and Energy Union Christine Milton

Jacqueline Moth Tourism The Myer Foundation City of Melbourne Mark Newman Destination Melbourne Valerie Newman Tourism Greater Geelong and the Lady Potter AC Bellarine The Pratt Foundation Tourism Australia Diana Ruzzene-Grollo and Rino Grollo Tourism Victoria Lady Southey AC Yarra Ranges Tourism The Trust Company Yarra Valley Business and Tourism Association University of Tasmania Foundation Stephen Walmsley Anne Ward

46 ZOOS VICTORIA ANNUAL REPORT 2015–16 Government Conservation Office for Environment Animal Quarantine and Inspection Common Cause Australia and Heritage (NSW) Service WWF Orange-bellied Parrot Recovery Team City of Melbourne Jane Goodall Institute Parks Victoria City West Water RMIT Phillip Island Nature Park Commissioner for Environmental University of Melbourne San Mariano Municipal Government Sustainability Vic University of South Australia Save the Tasmanian Devil Program Department of Agriculture, Fisheries Spotted Tree Frog Recovery Team and Forestry (Aust) ACT Environment and Sustainable Development Taronga Conservation Society Australia Department of Education and Training Directorate Amphibian Research Centre Tidbinbilla Nature Reserve Department of Environment, Land, Water and Planning (Vic) Animal & Gene Resource and Victoria University Storage Centre – Monash University Department of Sustainability and Zoo and Aquarium Association Arthur Rylah Institute Environment, Water, Populations and Greenpeace Community (Aust) Baw Baw Frog Recovery Team Mabuwaya Foundation Department of Treasury and Finance Baw Baw National Park Northern Rangelands Trust Environment Protection Authority (EPA) Baw Baw Shire Council Tree Kangaroo Conservation Program NSW Office for Environment and Birds Australia Port Moresby Nature Park Heritage Brush-tailed Rock- Woodland Park Zoo Parks Victoria Recovery Team World Association of Zoos Port Phillip and Western Port Conservation Breeding Specialist Group and Aquariums Catchment Management Authority Conservation Volunteers Australia Shire of Yarra Ranges Corroboree Frog Recovery Team Sustainability Victoria Eastern Barred Bandicoot Tasmanian Department of Primary Recovery Team Industry, Parks, Water and Environment Friends of the Helmeted Honeyeater Tourism Australia Friends of Leadbeater’s Possum Tourism Victoria Future Fish Wyndham City Council Helmeted Honeyeater Recovery Team Reconciliation Action Plan Regent Honeyeater Recovery Team Wurundjeri Council Leadbeater’s Possum Recovery Team Wathaurung Aboriginal Corporation Lord Howe Island Board Reconciliation Victoria Museum Victoria Victorian Youth Advisory Council Recovery Team Mt Rothwell Biodiversity Interpretation Centre Murray Catchment Management Authority

ZOOS VICTORIA ANNUAL REPORT 2015–16 47 OUR PARTNERS AND SUPPORTERS

Education Commercial University of Melbourne Australian Education Union Compass Group University of Queensland Badger Creek Primary School Kitchen & Butcher University of Sydney Berwick Fields Primary School University of Western Australia

Biology Teachers Network Research University of Wollongong Box Hill TAFE Australian Museum University South Australia Catholic Education Melbourne Australian Rickettsial Research Centre University of Tasmania CERES Behaviourworks, Monash Sustainability Victoria University Education Interpretation and Visitor Institute Wildlife Profiles Experience Specialist Advisory Group Charles Sturt University Clemson Wildlife Unlimited Environmental Science Teachers University, US Worcester Polytechnic Institute Network Common Cause Australia World Association of Zoos Greening Australia Conservation Volunteers Australia and Aquariums Geography Teachers Association of Deakin University Zoo and Aquarium Association Victoria Department of Environment, Land, International Zoo Educators Water and Planning (Victoria) Museum Victoria Detect Australia Park Orchards Primary School Forethought Research (Monash) Richmond Primary School Greening Australia Science Teachers Association of La Trobe University Victoria Lord Howe Island Board Environment Education Victoria Max Planck Institute Victorian Deaf Education Institute Melbourne Water Warringa Park School Monash University Woodleigh School Museum Victoria Worawa Aboriginal College NSW Office for Environment and Centre for Ecological Learning Heritage Cool Australia Oxford University, UK Parks Victoria Southern Cross University Swinburne University Taronga Conservation Society Tasmanian Department of Primary Industry, Parks, Water and Environment

48 ZOOS VICTORIA ANNUAL REPORT 2015–16 WILDLIFE CONSERVATION AND SCIENCE

2015-16 ZOOS VICTORIA FINANCIAL REPORT

ZOOS VICTORIA ANNUAL REPORT 2015–16 49 ZOOLOGICAL PARKS & GARDENS BOARD Chairman, Chief Executive Officer and Chief Financial Officer’s Declaration

We certify that the attached financial statements for the Zoological Parks and Gardens Board have been prepared in accordance with Standing Direction 4.2 of the Financial Management Act 1994, applicable Financial Reporting Directions, Australian Accounting Standards, including interpretations, and other mandatory professional reporting requirements. We further state that, in our opinion, the information set out in the comprehensive operating statement, balance sheet, statement of changes in equity, cash flow statement and notes forming part of the financial statements, presents fairly the financial transactions during the year ended 30 June 2016 and financial position of the Zoological Parks and Gardens Board at 30 June 2016. At the time of signing, we are not aware of any circumstance which would render any particulars included in the financial statements to be misleading or inaccurate. We authorise the attached financial statements for issue on 5 September 2016.

Anne Ward Dr Jenny Gray Lawrence Tai Chairman Chief Executive Officer Chief Financial Officer

Melbourne 5 September 2016

50 ZOOS VICTORIA ANNUAL REPORT 2015–16 ZOOLOGICAL PARKS & GARDENS BOARD Comprehensive operating statement for the financial year ended 30 June 2016

Notes 2016 2015 $’000 $’000

Income from transactions Income from rendering of services and sale of goods 1(E)(i) and (ii),2(a) 55,630 52,175 Government and other grants 1(E)(iii),2(b) 21,576 20,492 Other income 1E(iv) to (vi),2(c) 5,909 5,973

Total income from transactions 83,115 78,640

Expenses from transactions Employee expenses 1(F)(i),3(a) (43,325) (41,192) Supplies and services 1(F)(ii),3(b) (27,120) (24,762) Depreciation and amortisation 1(F)(iii),3(c) (7,965) (7,852) Interest expense 1(F)(iv),3(d) (35) (33)

Total expenses from transactions (78,445) (73,839)

Net result from transactions (net operating balance) 4,670 4,801

Other economic flows included in net result Net gain/(loss) on non financial assets 4(a) 60 (58) Net gain/(loss) on financial assets 4(b) (340) (155)

Total other economic flows included in net result (280) (213)

Net result 4,390 4,588

Other economic flows – other comprehensive income Items that will not be reclassified to net result Changes in physical asset revaluation surplus 13 73,376 17,305

Total other economic flows – other comprehensive income 73,376 17,305

Comprehensive result 77,766 21,893

The comprehensive operating statement should be read in conjunction with the notes to the financial statements.

ZOOS VICTORIA ANNUAL REPORT 2015–16 51 ZOOLOGICAL PARKS & GARDENS BOARD Balance sheet as at 30 June 2016

Notes 2016 2015 $’000 $’000

Assets Financial assets Cash and cash equivalents 1(I)(ii),11(a) 37,974 31,107 Receivables 1(I)(iii),5 1,848 888

Total financial assets 39,822 31,995

Non-financial assets Inventories 1(I)(iv) 978 894 Intangible assets 1(I)(v),6 349 265 Property, plant and equipment and vehicles 1(I)(vi),7 328,046 251,151 Prepayments 406 144

Total non-financial assets 329,779 252,454

Total assets 369,601 284,449

Liabilities Interest bearing liabilities 1(J)(i),8 714 621 Payables 1(J)(ii),9 5,088 4,409 Provisions 1(J)(iii),10 10,889 10,150

Total liabilities 16,691 15,180

Net assets 352,910 269,269

Equity Accumulated surplus 8,368 3,978 Contribution by owners 1(K),12 126,498 120,623 Physical asset revaluation surplus 13 218,044 144,668

Net worth 352,910 269,269

Commitments for expenditure 14 Contingent liabilities and contingent assets 15

The above balance sheet should be read in conjunction with the notes to the financial statements.

52 ZOOS VICTORIA ANNUAL REPORT 2015–16 ZOOLOGICAL PARKS & GARDENS BOARD Statement of changes in equity for the financial year ended 30 June 2016

Movements in carrying Note Physical asset Accumulated Contributions Total amounts revaluation Surplus / (deficit) by Owner surplus

2016 2015 2016 2015 2016 2015 2016 2015 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000

Balance at 1 July 144,668 1 27, 363 3,978 (610) 120,623 120,623 269,269 247, 376

Net result for the year 4,390 4,588 4,390 4,588 Contributed capital 12 5,875 – 5,875 – by owners Other comprehensive 13 73,376 17,305 73,376 1 7, 305 income for the year

Balance at 30 June 218,044 144,668 8,368 3,978 126,498 120,623 352,910 269,269

The statement of changes in equity should be read in conjunction with the notes to the financial statements.

ZOOS VICTORIA ANNUAL REPORT 2015–16 53 ZOOLOGICAL PARKS & GARDENS BOARD Cash flow statement for the financial year ended 30 June 2016

Notes 2016 2015 $’000 $’000

Cash flows from operating activities

Receipts Receipts from sales of goods and services 56,953 55,490 Receipts from government and other grants 21,076 20,492 Sponsorship, grants and donations received 2,907 3,866 GST net refunded from / (payable to) the ATO 1 1,932 153 Receipts from other sources 2,137 696 Interest received 789 777

Total receipts 85,794 81 ,474

Payments Payments to employees (41,748) (41,619) Payments to suppliers (32,304) (27,150) Interest and other costs of finance paid (35) (33)

Total payments (74,087) (68,802)

Net cash flows from / (used in) operating activities 11(b) 11,707 12,672

Cash flows from investing activities Payments for property, plant and equipment and vehicles (10,489) (9,466) Payments for Intangible assets 6 (172) (27) Proceeds from sale of plant and equipment and vehicles 203 45

Net cash flows from / (used in) investing activities (10,458) (9,448)

Cash flows from financing activities Owner contributions by State Government 5,875 – Repayment of finance leases (257) (156)

Net cash flows from/(used in) financing activities 5,618 (156)

Net increase / (decrease) in cash and cash equivalents 6,867 3,068 Cash and cash equivalents at the beginning of the financial year 31,107 28,039

Cash and cash equivalents at the end of the financial year 1(I)(ii) and 11(a) 37,974 31,107

1 Goods and Service Tax (GST) refunded by the Australian Taxation Office (ATO) is presented on a net basis. The above cash flow statement should be read in conjunction with the notes to the financial statements.

54 ZOOS VICTORIA ANNUAL REPORT 2015–16 ZOOLOGICAL PARKS & GARDENS BOARD Index to notes to the financial statements

Note Description Page

1 Summary of significant accounting policies 56

2 Income from transactions 68

3 Expenses from transactions 69

4 Other economic flows included in net result 70

5 Receivables 70

6 Intangible assets 71

7 Property, plant, equipment and vehicles 72

8 Interest bearing liabilities 75

9 Payables 76

10 Provisions 77

11 Cash flow information 78

12 Contribution by owners 79

13 Physical asset revaluation surplus 79

14 Commitments for expenditure 79

15 Contingent assets and contingent liabilities 79

16 Auditor’s remuneration 80

17 Subsequent events 80

18 Superannuation 80

19 Responsible persons 81

20 Remuneration of executives and payments to other personnel 82

21 Ex-gratia payments 83

22 Financial instruments 83

23 Glossary of terms 88

ZOOS VICTORIA ANNUAL REPORT 2015–16 55 ZOOLOGICAL PARKS & GARDENS BOARD Notes to the financial statements for the year ended 30 June 2016

Note 1 – Summary of B. Basis of accounting preparation Revisions to accounting estimates significant accounting policies and measurement are recognised in the period in which the estimate is and also These annual financial statements The accrual basis of accounting has in future periods that are affected represent the audited financial statements been applied in the preparation of by the revision. Judgements and for the Zoological Parks and Gardens these financial statements whereby assumptions made by management Board (the Board) for the year ending assets, liabilities, equity, income and in the application of AASs that have 30 June 2016. The purpose of the report expenses are recognised in the significant effects on the financial is to provide users with information about reporting period to which they relate, statements and estimates relate to: the Board’s stewardship of resources regardless of when cash is received entrusted to it. or paid. These financial statements • superannuation expense (refer to are presented in Australian dollars, Note 1(F); A. Statement of compliance the functional and presentation • the fair value of land, buildings, currency of Zoos Victoria. The financial report is a general infrastructure, plant and equipment, purpose financial report which has In the application of AASs, manage­ (refer to Note 1(I)(vi); been prepared on an accrual basis ment is required to make judgements, • assumptions for employee benefit estimates and assumptions about in accordance with the Financial provisions based on likely tenure the carrying values of assets and Management Act 1994 and applicable of existing staff, patterns of leave liabilities that are not readily apparent Australian Accounting Standards claims, future salary movements from other sources. The estimates (AASs) and Interpretations issued by and future discount rates (refer and associated assumptions are the Australian Accounting Standard to Note 1(J)(iii)); and Board (AASB). In particular, they are based on professional judgements presented in a manner consistent with derived from historical experience The accounting policies set out below the requirements of the AASB 1049 and various other factors that are have been applied in preparing the Whole of Government and General believed to be reasonable under the financial report for the year ended Government Sector Financial Reporting. circumstances. Actual results may 30 June 2016 and the comparative differ from these estimates. information presented for the year In complying with AASs, the entity ended 30 June 2015. has, where relevant, applied those The financial report has also been paragraphs applicable to not-for- prepared on a going concern basis. All assets and liabilities for which fair profit entities. Zoos Victoria is economically value is measured or disclosed in the dependent on the Victorian State financial statements are categorised Accounting policies are selected and Government grant to assist in within the fair value hierarchy, as applied in a manner which ensures funding its operations. This report outlined in Note (I)(vi). that the resulting financial information has been prepared in accordance satisfies the concepts of relevance For the purpose of fair value with the historical cost convention. and reliability, thereby ensuring that disclosures, the Board has determined Historical cost is based on the fair the substance of the underlying classes of assets and liabilities on the values of the consideration given transactions or other events is reported. basis of the nature, characteristics in exchange for assets. and risks of the asset or liability and To gain a better understanding of the level of the fair value hierarchy the terminology used in this report, as explained above. a glossary of terms can be found in Note 23. In addition, the Board determines whether transfers have occurred These annual financial statements between levels in the hierarchy by were authorised for issue by the reassessing categorisation (based Board on 5th September 2016. on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period.

56 ZOOS VICTORIA ANNUAL REPORT 2015–16 C. Reporting entity Balance sheet E. Income from transactions Assets and liabilities are presented The financial report covers the Income is recognised to the extent in liquidity order with assets Zoological Parks and Gardens Board that it is probable that the economic aggregated into financial assets trading as Zoos Victoria, as an benefits will flow to the Board and and non-financial assets. individual reporting entity. the income can be reliably measured Current and non-current assets The Board is a Statutory Authority at fair value. The following specific and liabilities (those expected recognition criteria must also be met of the State of Victoria, established to be recovered or settled beyond before income is recognised: under the Zoological Parks and 12 months) are disclosed in the notes, Gardens Board Act 1995. It also (i) Rendering of services where relevant. trades under the business name of Income from rendering of services Zoos Victoria and operates three Cash flow statement is recognised when the services zoos namely, Melbourne Zoo, Cash flows are classified according are rendered. It includes items such Healesville Sanctuary and Werribee to whether or not they arise from as income from gate admission, Open Range Zoo. Its principal operating activities, investing zoo membership, catering address is: Elliott Avenue, Parkville, activities, or financing activities. commission and income from Victoria 3052. This classification is consistent with zoo activities. requirements under AASB 107 (ii) Sale of goods D. Scope and presentation Statement of cash flows. Income is recognised at the of financial statements Statement of changes in equity point of sale when the significant Comprehensive operating statement The statement of changes in equity risks and rewards of ownership The comprehensive operating presents reconciliations of each of the inventories have passed statement comprises three non-owner and owner changes in to the buyer and the costs components, being ‘net result from equity from the opening balance at incurred or to be incurred in transactions’ (or termed as ‘net the beginning of the reporting period respect of the transaction can operating balance’), ‘other economic to the closing balance at the end of be measured reliably. flows included in net result’, as well the reporting period. It also shows (iii) Government and other Grants as ‘other economic flows – other separately changes due to amounts Government Grants are recognised comprehensive income’. The sum recognised in the ‘Comprehensive as income in the financial of the former two, together with the result’ and amounts recognised statements on receipt of the net result from discontinued in ’Other economic flows – other cash during the year and where operations, represents the net result. movements in equity’ related Zoos Victoria has control over to ‘Transactions with owner in its The net result is equivalent to profit or the funds. The recurrent grant capacity as owner’. loss derived in accordance with AASs. represents the ongoing grant Refer to Note 23 Glossary for the for the operations of the zoos definitions of ‘net result from and other grants are for specific transactions, ‘other economic programs or activities. flows included in net result’ and Capital contributions from the ‘other economic flows – other State Government are normally comprehensive income’. recognised as capital appropriations on receipt of the funds and will be reflected as equity in the financial statements.

ZOOS VICTORIA ANNUAL REPORT 2015–16 57 ZOOLOGICAL PARKS & GARDENS BOARD Notes to the financial statements for the year ended 30 June 2016

Government Grants are received As a not-for-profit entity, the The amount recognised in the mainly from within the department Board has endorsement as a comprehensive operating portfolio, namely, Department of deductible gift recipient (DGR) statement in relation Environment, Land, Water and from the Australian Taxation to the employer contributions for Planning (DELWP) and the funded Office. Any donations above members of defined benefit through the Parks and Reserves $2 is tax deductible. superannuation plan is simply the Trust Account which is a rate employer contributions that are (vi) Sundry levied on metropolitan properties Sundry income includes rental paid or payable to the plan during the reporting period. Super­ under the provision of the Water income from zoo residences, annuation contributions are made Industry Act 1994. The grant is outgoings recovered from caterers to the plan based on the relevant provided for the purpose of zoo or miscellaneous items that are rules of the plan. operation for conservation, one-off income items received in recreation, leisure, maintenance the financial year. Sundry income The Board does not recognise any and tourism. is recognised when the services defined benefit liability in respect Government grants are also is rendered, or the charges is of the superannuation plan received from outside department recoverable from the end users. because the Board has no legal portfolio such as from the or constructive obligation to pay Department of Education and F. Expenses from transactions future benefits relating to its Training to support education (i) Employee expenses employees; its only obligation programs for schools. Employee benefits include all is to pay superannuation contributions as they fall due. Other grants (other than the above) costs related to employment The Department of Treasury and are usually one-off grants from including wages and salaries, Finance administers and discloses other partners or Commonwealth leave entitlements, redundancy the State’s defined benefit Departments for conservation payments and superannuation liabilities in its financial report. or educational purposes. contributions. These are recognised when incurred. Amounts paid by the employer (iv) Interest received are outlined in Note 18. Interest income includes interest The amount recognised in the (ii) Supplies and services received on bank and short term comprehensive operating Supplies and services generally deposits from the Treasury statement in respect of super­ represent the day-to-day running Corporation of Victoria. Interest annuation plans represents the costs, including maintenance costs, revenue is recognised on a time employer’s contributions to the incurred in the normal operations proportionate basis that takes various superannuation funds of the zoos. These items are into account the effective yield during the reporting period. recognised as an expense in the on the financial asset. Employer superannuation expenses in relation to employees who reporting period in which they (v) Sponsorship, grants are members of defined benefit are incurred. and donations superannuation plan are Sponsorship, grants, bequests, Cost of goods sold is included in described below. donations and contributions from purchases of supplies and services. Corporate, Trust & Foundation State superannuation defined The cost of goods sold represents and the general public are benefit plan the amount of inventories sold during the year from retail activities recognised as income on receipt Contributions to the State and the cost of food and beverages of the funds and there is reasonable superannuation defined plan for zoo activities. Cost of goods assurance that all the attaching (Emergency Services and State sold also include inventory write conditions can be complied with. Super (ESSSuper)) are expensed down, packaging and freight when incurred. charges associated with the acquisition of the goods for sale.

58 ZOOS VICTORIA ANNUAL REPORT 2015–16 Asset Class 2015–16 2014–15

Property (Buildings and infrastructure) 3 to 50 years 3 to 50 years

Plant, equipment and vehicles (include lease assets) 5 to 20 years 5 to 20 years

Intangibles – capitalised software cost 10 years 10 years

The amount of any write-down of Intangible assets with finite (ii) Impairment of assets inventories to net realisable value useful lives are amortised as an The carrying amounts of and all shrinkage of inventory is expense on a straight-line basis, non-current assets, with the recognised as an expense in the commencing from the time the exception of available-for-sale period the write-down or shrinkage asset is available for use. The assets, are assessed annually for occurs. Any reversal of write-downs amortisation periods are reviewed indications of impairment. If there of inventories will be recognised and adjusted if appropriate at is an indication of impairment, as a reduction in the amount of each balance date. Intangible the assets concerned are tested inventories sold during the period assets with indefinite useful lives as to whether their carrying value which the reversal occurs. are not amortised. However, all exceeds their recoverable amount. intangible assets are assessed for Where an asset’s carrying value (iii) Depreciation and Amortisation The following are typical estimated impairment annually. exceeds its recoverable amount, the difference is written off by useful lives for the different asset (iv) Interest expense classes for current and prior years. Interest expense represents a charge as an ‘other economic costs incurred in connection with flow’ to the comprehensive All non-current physical assets borrowings and currently, the operating statement except to that have a limited useful life are expense is for interest components the extent that the write-down can depreciated. Where assets have of finance lease repayments. be debited to the physical asset separate identifiable components Interest expense is recognised in revaluation surplus, amount that have distinct useful lives the period in which it is incurred. applicable to that class of asset. and/or residual values, a separate depreciation rate is determined The recoverable amount for most G. Other economic flows included assets is measured at the higher for each component. Depreciation in the net result is calculated using the straight of depreciated replacement cost line method to allocate their cost (i) Disposal of non-financial assets and fair value less costs to sell. or revalued amounts, net of their Any gain or loss on the disposal Recoverable amount for assets residual values, over their of non-financial assets is held primarily to generate net estimated useful lives, commencing recognised at the date of disposal cash inflows is measured at the from the time the asset is held and is determined after deducting higher of the present value of ready for use. The assets residual from the proceeds the carrying future cash flows expected to be values and useful lives are reviewed, value of the asset at that time. obtained from the asset and fair and adjusted if appropriate, at value less costs to sell. It is deemed each balance sheet date. that, in the event of the loss of an asset, the future economic Land is considered to have an benefits arising from the use of indefinite life and is not the asset will be replaced unless depreciated. Depreciation is not a specific decision to the contrary recognised in respect of land has been made. because its service potential has not, in any material sense, been consumed during the reporting period.

ZOOS VICTORIA ANNUAL REPORT 2015–16 59 ZOOLOGICAL PARKS & GARDENS BOARD Notes to the financial statements for the year ended 30 June 2016

H. Financial Instruments cost using the effective interest less, which are readily convertible Financial instruments arise out method, less any impairment. to known amounts of cash and are subject to insignificant risk of of contractual agreements that give Loans and receivables category changes in value. rise to a financial asset of one entity includes cash and cash equivalent and a financial liability or equity (refer to Note 1(I)(ii)), trade For the cash flow statement instrument of another entity. Due to receivables and other receivables, presentation purposes, cash and the nature of the Board’s activities, but not statutory receivables. cash equivalents includes bank certain financial assets and financial overdrafts, which are included as Financial liabilities at amortised cost liabilities arise under statute rather Financial instrument liabilities are current Interest bearing liabilities than a contract. Such financial assets initially recognised on the date they on the balance sheet. and financial liabilities do not meet are originated. They are initially (iii) Receivables the definition of financial instruments measured at fair value plus any Receivables are recognised at in AASB 132 Financial Instruments: directly attributable transaction costs. the fair value, as they are due for Presentation. For example, statutory Subsequent to initial recognition, settlement, normally 30 days receivables arising from taxes, fines these financial instruments are from the date of recognition. and penalties do not meet the measured at amortised cost with Collectability of receivables definition of financial instruments as any difference between the initial is reviewed on an ongoing basis. they do not arise under contract. recognised amount and the redemption A provision for doubtful debts However, guarantees issued by the value being recognised in profit and is raised when there is objective Treasurer on behalf of the Board will loss over the period of the interest evidence that the debts will n be considered financial instruments bearing liability, using the effective ot be collected. Bad debts are because, although authorised under interest rate method. written off when identified. statute, the terms and conditions for each financial guarantee may vary Financial instrument liabilities Receivables consist of: measured at amortised cost include and are subject to an agreement. • Contractual receivables such as, all contractual payables and interest debtors in relation to goods and Where relevant, for note disclosure bearing arrangements other than purposes, a distinction is made services, cheques received not those designated at fair value bank, accrued interest, workcover between those financial assets and through profit or loss. financial liabilities that meet the premium refund claimed and definition of financial instruments I. Financial and non-financial assets finance lease receivable. in accordance with AASB 132 and Contractual receivables are (i) Animal collections those that do not. classified as financial instruments The zoo animal collection and categorised as receivable The following refers to financial managed by the Board is reflected (refer to Note 22(a)); and instruments unless otherwise stated. in the Board’s accounting records • Statutory receivables are mainly as one dollar. This is consistent Categories of non-derivative for Goods and Services Tax (GST) with worldwide zoo industry financial instruments input tax credits recoverable. practice. The Board regards the Loans and receivables Statutory receivables, are Loans and receivables are financial animals as part of a regional and recognised and measured similarly instrument assets with fixed and international collection and not to contractual receivables, but determinable payments that are not the specific property of the are not classified as financial quoted on an active market. These holding institution. instruments because they do not assets are initially recognised at fair (ii) Cash and cash equivalents rise from a contract. value plus any directly attributable Cash and cash equivalents transaction costs. Subsequent to comprise cash on hand and cash initial measurement, loans and at bank, deposits at call and receivables are measured at amortised highly liquid investments with an original maturity of 3 months or

60 ZOOS VICTORIA ANNUAL REPORT 2015–16 (iv) Inventories Fair value is measured or disclosed (including crown land and infra­ Inventories comprised of finished in the financial statements are structure assets) that the Board goods held either for sale or categorised within the fair value intends to preserve because of for distribution in the ordinary hierarchy, described as follows, their unique historical, cultural or course of business are measured based on the lowest level input heritage attributes, is measured at at the lower of cost and net that is significant to the fair value the replacement cost of the asset realisable value. It excludes measurement as a whole: less, where applicable, accumulated depreciable assets. Cost for depreciation (calculated on the • Level 1 – Quoted (unadjusted) inventory is measured on the market prices in active markets basis of such cost to reflect the basis of weighted average cost. for identical assets or liabilities already consumed or expired future (v) Intangible assets economic benefits of the asset) • Level 2 – Valuation techniques Intangible assets represent and any accumulated impairment for which the lowest level input identifiable non-monetary assets losses. These policies and any that is significant to the fair without physical substance. legislative limitations and restrict­ value measurement is directly ions imposed on their use and/or Intangible assets are initially or indirectly observable; and disposal may impact their fair value. recognised at cost. Subsequently, • Level 3 – Valuation techniques for intangible assets with finite useful Specialised land which the lowest level input that lives are carried at cost less and specialised buildings is significant to the fair value accumulated amortisation and The market approach is also used measurement is unobservable. accumulated impairment losses. for specialised land, although is Costs incurred subsequent to All non-current physical assets adjusted for the community initial acquisition are capitalised are measured initially at cost and service obligation (CSO) to reflect when it is expected that additional subsequently revalued at fair the specialised nature of the land future economic benefits will flow value less accumulated being valued. Specialised buildings to the Board. Refer to Note1(F)(iii) depreciation and accumulated for the Board means all physical for information on useful lives impairment losses. structures, landscaping, infra­ structure (pathways, underground and amortisation. Non-financial physical assets facilities for water, power, and such as Crown land are measured Intangible assets costing $2,000 information system), fences and at fair value with regard to the and above individually (or forming any life support equipment property’s highest and best part of a network costing more associated with the exhibits. than $2,000) are capitalised. use after due consideration The capitalisation threshold is made for any legal or physical The CSO adjustment is a reflection of $2,000 has not been changed restrictions imposed on the of the Valuer’s assessment of the since the 2011–12 financial year. asset, public announcements or impact of restrictions associated commitments made in relation with an asset to the extent that is (vi) Property, plant, equipment to the intended use of the asset. also equally applicable to market and vehicles Theoretical opportunities that participants. This approach is in Consistent with AASB 13 Fair may be available in relation to the light of the highest and best use Value Measurement, the Board asset are not taken into account consideration required for fair determines the policies and until it is virtually certain that the value measurement, and takes procedures for both recurring fair restrictions will no longer apply. into account the use of the asset value measurements such as Therefore, unless otherwise that is physically possible, legally property, plant and equipment, disclosed, the current use of permissible, and financially financial assets and liabilities and these non-financial physical assets feasible. As adjustments of CSO financial instruments in accordance will be their highest and best uses. are considered as significant with the requirements of AASB 13 The fair value of cultural and unobservable inputs, specialised and the relevant Financial heritage assets and other land would be classified as Reporting Directions. non-financial physical assets Level 3 assets.

ZOOS VICTORIA ANNUAL REPORT 2015–16 61 ZOOLOGICAL PARKS & GARDENS BOARD Notes to the financial statements for the year ended 30 June 2016

For the Board’s majority of Finance leases are capitalised. (vii) Revaluation of non-current specialised buildings, the The finance lease facility is through physical assets depreciated replacement cost the Vic Fleet facility and is Non-current physical assets method is used, adjusting for restricted to vehicle acquisitions. measured at fair value are revalued the associated depreciations. in accordance with Financial Other vehicles such as buses, As depreciation adjustments Reporting Directions (FRDs) people movers and trucks are held are considered as significant, issued by the Minister for Finance. at fair value which is determined unobservable inputs in nature, A full revaluation normally occurs using the existing depreciated specialised buildings are classified every five years, based upon the historical cost as a reasonable as Level 3 fair value measurements. asset’s government purpose proxy for depreciated replacement classification but may occur more Where specialised buildings are cost because of the nature and frequent if fair value assessments under construction (work-in- short lives of the assets concerned. indicate material changes in progress) the actual construction Plant and equipment values. Revaluation increments cost is used as the fair value. Plant and equipment is held at or decrements arise from The specialised buildings will not fair value. When plant and differences between carrying be depreciated until the building equipment is specialised in use, value and fair value. is in full use, which is normally such that it is rarely sold other An independent valuation of the when the building is open to the than as part of a going concern, Board’s land and buildings was public at large. fair value is determined as the carried out by the Valuer-General An independent valuation of original acquisition costs less any Victoria (VGV) for 2015–16. the Board’s specialised land and accumulated depreciation and WT Partnership was appointed specialised buildings was accumulated impairment losses. to assist VGV to determine the fair performed by the Valuer General Existing depreciated historical cost value of specialist buildings. The Victoria. The valuation was is generally a reasonable proxy basis of valuation is based on the performed using the market for depreciated replacement cost depreciated replacement cost approach adjusted for CSO. because of the short lives of the of each asset’s remaining future The effective date of the valuation assets concerned. Plant and service life and thus approximates is 30 June 2016. equipment costing $2,000 and its fair value. The effective date of above individually (or forming part Vehicles the valuation was 30 June 2016. Vehicles are valued using the of a network costing more than Net revaluation increases (where depreciated replacement cost $2,000) are capitalised at the end the carrying amount of a class method. of the financial year. The capitalisation threshold of $2,000 of assets is increased as a result The Board acquires new vehicles has not been changed since the of a revaluation) are recognised and at times disposes of them 2011-12 financial year. in ‘other economic flows – other before the end of their economic comprehensive income’, and There were no changes in life. Acquisition is by way of accumulated in equity under the valuation techniques throughout a finance lease. The process of physical asset revaluation surplus. the period to 30 June 2016. acquisition mostly for light vehicles, However, the net revaluation use and disposal in the market For all assets measured at fair increase is recognised in the net is managed by experienced fleet value, the current use is considered result to the extent that it reverses managers, VicFleet who set the highest and best use. a net revaluation decrease in relevant depreciation rates during respect of the same class of use to reflect the utilisation of property, plant and equipment the vehicles. previously recognised as an expense (other economic flows) in the net result.

62 ZOOS VICTORIA ANNUAL REPORT 2015–16 Postcode Municipality Locality 2015–16 Category 2014–15 Category Indices

3030 Wyndham Derrimut, Point Cook, Werribee Full valuation* Englobo 1.09 Englobo

3052 Melbourne Parkville Full valuation* Englobo 1.20 Englobo

3777 Yarra Ranges Healesville, Toolangi Full valuation* Rural 1.01 Rural

* Full valuation of land was provided by The Valuer-General Victoria.

Net revaluation decreases are Valuation of land Fair value is determined in the recognised in ‘other economic The valuation is in line with the manner described in Note 22(f). flows – other comprehensive latest FRD 103F Non-Financial (ii) Payables Physical Assets. For 2014-15, income’ to the extent that a credit Trade and other payables consist land valuations were derived by balance exists in the physical predominantly of creditors and multiplying prior year land values asset revaluation surplus in respect other sundry liabilities. Payables with the current period indices of the same class of property, are initially recognised at fair provided by the Valuer-General plant and equipment. Otherwise, value, then subsequently carried Victoria to derive the 2014–15 the net revaluation decreases are at amortised cost and represent valuation. The indices used recognised immediately as other liabilities for goods and services for the 2014–15 valuation are economic flows in the net result. provided to the Board prior to outlined below. The net revaluation decrease the end of financial year that are recognised in ‘other economic (viii) Prepayments unpaid, and arise when the Board flows – other comprehensive Other nonfinancial assets include becomes obliged to make future income’ reduces the amount prepayments which represent payments in respect of the accumulated in equity under the payments in advance of receipt purchase of these goods and physical asset revaluation surplus. of goods or services or that part services. Fair value is determined Revaluation increases and of expenditure made in one in the manner described in Note decreases relating to individual accounting period covering a term 22(f). Payables consist of: assets in a class of property, extending beyond that period. • Contractual payables such as, plant and equipment, are offset J. Liabilities creditors in relation to goods and against one another in that class services and accruals. Contractual but are not offset in respect of (i) Interest bearing liabilities payables are classified as financial assets in different classes. The Interest bearing liabilities consist instruments and categorised as physical asset revaluation surplus of finance lease facility managed receivable (refer to Note 22(a)); is not transferred to accumulated through the VicFleet leasing and funds on derecognition of the facility and is restricted to vehicle relevant asset. acquisitions. The liability is • Statutory payables are mainly measured at amounts equal to for amounts payable to Statutory the fair value of the leased asset Authorities such as the State or, if lower, at the present value Revenue Office of Victoria and of minimum lease payments, Australian Taxation Office for each determined at the inception amounts by legislation. Statutory of the lease. Lease payments are payables, are recognised and allocated between the principal measured similarly to contractual component of the lease liability payables, but are not classified and the interest expense. as financial instruments because they do not rise from a contract.

ZOOS VICTORIA ANNUAL REPORT 2015–16 63 ZOOLOGICAL PARKS & GARDENS BOARD Notes to the financial statements for the year ended 30 June 2016

(iii) Provisions Depending on the expectation of Non-Current Liability – Conditional Provisions are recognised when the timing of settlement, liabilities LSL (representing less than seven the Board has present obligations, for wages and salaries, annual years of continuous service for the future sacrifice of economic leave and sick leave are staff and executives) is disclosed benefits is probable, and the measured at: as a non-current liability. There is amount of the provision can be an unconditional right to defer • nominal value – if the Board measured reliably. expects to wholly settle within the settlement of the entitlement The amount recognised as 12 months; or until the employee has completed a provision is the best estimate the requisite years of service. • present value – if the Board does of the consideration required not expect to wholly settle within Consideration is given to expected to settle the present obligation at 12 months. future wage and salary levels, reporting date, taking into account experience of employee departures the risks and uncertainties Long service leave (LSL) and periods of service. Expected surrounding the obligation. Liability for long service leave future payments are discounted Where a provision is measured (LSL) is recognised in the provision using interest rates on national using the cash flows estimated for employee benefits. Government guaranteed to settle the present obligations, Current Liability – Unconditional securities with terms to maturity its carrying amount is the present LSL (representing seven or more that match, as closely as possible, value of those cash flows, using years of continuous service for the estimated future cash outflows. discount rate that reflects the staff and executives) is disclosed Any gain or loss following time value for money and risks as a current liability even where revaluation of the present value specific to the provision. When the Board does not expect to of non-current LSL liability is some or all of the economic settle the liability within 12 recognised in the ‘net result from benefits required to settle months because it will not have transactions’, except to the extent a provision are expected to be an unconditional right to defer that a gain or loss arises due received from a third party, the the settlement of the entitlement to changes in bond interest rates receivable is recognised as an should the employee take leave for which it is then recognised asset if it is virtually certain that within 12 months. in the net result as ‘an other recovery will be received and The components of this current economic flow’. the amount of the receivable can LSL liability are measured at: be measured reliably. Employee benefits on-costs • nominal value – if the Board Employee benefit on-costs, Annual leave expects to wholly settle within including superannuation, workers Liabilities for annual leave are 12 months; and compensation and payroll tax all recognised in the provision for are recognised and included in employee benefits as ‘current • present value – if the Board does employee benefit liabilities and liabilities’, because the Board not expect to wholly settle within costs when the employee benefits does not have an unconditional 12 months. to which they relate are right to defer settlements of recognised as liabilities. Refer to these liabilities. Note 10 for details.

64 ZOOS VICTORIA ANNUAL REPORT 2015–16 K. Equity M. Commitments P. New and revised Australian Accounting Standards and Contributions by owners Commitments for future expenditure interpretations Additions to net assets which have include operating and capital been designated as contributions by commitments arising from contracts. The Zoological Parks and Gardens owners are recognised as contributed These commitments are disclosed Board has adopted all of the new and capital. Other transfers that are in the by way of a note (refer to Note 14 revised Accounting Standards and nature of contributions or distributions Commitments for expenditure) at their Interpretations issued by the Australian have also been designated as nominal value and inclusive of the Accounting Standards Board (AASB ) contributions by owners. GST payable. These future expend­ that are relevant to its operations itures cease to be disclosed as and effective for annual reporting L. Goods and Services Tax (GST) commitments once the related liabilities from 1 July 2015. are recognised in the balance sheet. Income, expenses and assets are Management has given due recognised net of the amount of Operating lease payments are consideration to new and revised associated GST, unless the GST recognised as an expense on standards and interpretations issued incurred is not recoverable from the a straight-line basis over the lease by the AASB that are not yet effective taxation authority. In this case it is term, except where another systematic and are not aware of any material recognised as part of the cost of basis is more representative of the financial impact on the financial acquisition of the asset or as part time pattern of the benefits derived statements. of the expense. from the use of the leased asset. As at 30 June 2016, the following Operating lease payments are Receivables and payables are stated AASs have been issued by the associated with photocopier leases. inclusive of the amount of GST AASB but not yet effective. receivable or payable. The net amount N. Contingent assets and They become effective for the first of GST recoverable from, or payable contingent liabilities financial statements for reporting to, the taxation authority is included periods commencing after the stated with other receivables or payables Contingent assets and contingent operative dates are outlined in in the balance sheet. liabilities are not recognised in the the following table. balance sheet, but are disclosed Cash flows are presented on by way of a note (refer to Note 15 a gross basis. The GST components Contingent assets and contingent of cash flows arising from investing liabilities) and, if quantifiable, are or financing activities which are measured at nominal value. Contingent recoverable from, or payable to the assets and liabilities are presented taxation authority, are presented as inclusive of GST receivable or operating cash flow. payable respectively.

O. Rounding of amounts Amounts in the financial statements have been rounded to the nearest thousand dollars, unless otherwise stated. Figures in the financial statements may not equate due to rounding.

ZOOS VICTORIA ANNUAL REPORT 2015–16 65 ZOOLOGICAL PARKS & GARDENS BOARD Notes to the financial statements for the year ended 30 June 2016

Topic Key requirements Applicable for Impact on reporting entity reporting period beginning on

AASB 9 The key changes include the 1 Jan 2018 The assessment has identified that the financial Financial simplified requirements for the impact of available for sale (AFS) assets will now be Instruments classification and measurement reported through other comprehensive income (OCI) of financial assets, a new hedging and no longer recycled to the profit and loss. accounting model and a revised While the preliminary assessment has not identified impairment loss model to any material impact arising from AASB 9, it will recognise impairment losses continue to be monitored and assessed. earlier, as opposed to the current approach that recognises impairment only when incurred.

AASB 15 The core principle of AASB 15 1 Jan 2018 The changes in revenue recognition requirements in Revenue from requires an entity to recognise AASB 15 may result in changes to the timing and Contracts with revenue when the entity amount of revenue recorded in the financial statements. Customers satisfies a performance The Standard will also require additional disclosures obligation by transferring on service revenue and contract modifications. a promised good or service A potential impact will be the upfront recognition of to a customer. revenue from licenses that cover multiple reporting periods. Revenue that was deferred and amortised over a period may now need to be recognised immediately as a transitional adjustment against the opening returned earnings if there are no former performance obligations outstanding. It is unlikely that the application of this standard will be applicable to the Board.

AASB 2015–8 This Standard defers the 1 Jan 2018 This amending standard will defer the application Amendments to mandatory effective date of period of AASB 15 to the 2018–19 reporting period in Australian Accounting AASB 15 from 1 January 2017 accordance with the transition requirements. Standards – Effective to 1 January 2018. Date of AASB 15

66 ZOOS VICTORIA ANNUAL REPORT 2015–16 Topic Key requirements Applicable for Impact on reporting entity reporting period beginning on

AASB 16 Leases The key changes introduced by 1 Jan 2019 The assessment has indicated that as most operating AASB 16 include the leases will come on balance sheet, recognition of lease recognition of most operating assets and lease liabilities will cause net debt to increase. leases (which are current not Depreciation of lease assets and interest on lease recognised) on balance sheet. liabilities will be recognised in the income statement with marginal impact on the operating surplus. The amounts of cash paid for the principal portion of the lease liability will be presented within financing activities and the amounts paid for the interest portion will be presented within operating activities in the cash flow statement. No change for lessors.

AASB 2016-4 The standard amends 1 Jan 2017 The assessment has indicated that there is minimal Amendments to AASB 136 Impairment of impact. Given the specialised nature and restrictions Australian Accounting Assets to remove references of public sector assets, the existing use is presumed Standards – to using depreciated to be the highest and best use (HBU), hence current Recoverable Amount replacement cost (DRC) as replacement cost under AASB 13 Fair Value of Non-Cash- a measure of value in use for Measurement is the same as the depreciated Generating Specialised not-for-profit entities. replacement cost concept under AASB 136. Assets of Not-for- Profit Entities

In addition to the new standards and amendments above, the AASB has issued a list of other amending standards that are not effective for the 2015–16 reporting period (as listed below). In general, these amending standards include editorial and references changes that are expected to have insignificant impacts on public sector reporting.

AASB 1057 Application of Australian Accounting Standards

AASB 2014–1 Amendments to Australian Accounting Standards (PART D – Consequential Amendments arising from AASB 14 Regulatory Deferral Accounts only).

AASB 2015–2 Amendments to Australian Accounting Standards – Disclosure Initiative: Amendments to AASB 101 [AASB 7, AASB 101, AASB 134 & AASB 1049]

AASB 2015–9 Amendments to Australian Accounting Standards – Scope and Application Paragraphs [AASB 8, AASB 133 & AASB 1057]

AASB 2015–10 Amendments to Australian Accounting Standards – Effective Date of Amendments to AASB 10 and AASB 128

AASB 2016–2 Amendments to Australian Accounting Standards – Disclosure Initiative: Amendments to AASB 107

ZOOS VICTORIA ANNUAL REPORT 2015–16 67 ZOOLOGICAL PARKS & GARDENS BOARD Notes to the financial statements for the year ended 30 June 2016

Note 2 – Income from transactions

2016 2015 $’000 $’000

(a) Income from rendering of services and sale of goods Sale of goods 7,162 6,845 Rendering of services 48,468 45,330

Total income from rendering of services and sale of goods 55,630 52,175

(b) Government and other grants Within portfolio department 20,460 18,943 Outside portfolio department 837 1,109 Others 279 440

Total government and other grants 21,576 20,492

(c) Other income Sponsorship, grants and donations 2,937 4,001 Interest received 835 772 Sundry 2,137 1,200

Total other income 5,909 5,973

68 ZOOS VICTORIA ANNUAL REPORT 2015–16 Note 3 – Expenses from transactions

2016 2015 $’000 $’000

(a) Employee expenses Salary and wages 37,329 35,221 Superannuation 3,314 3,138 Payroll tax 1,888 1,816 Workcover 485 800 Movements in annual leave and long service leave provisions 309 217

Total employee expenses 43,325 41,192

(b) Supplies and services Administration 5,112 4,595 Animal food and veterinary 1,554 1,531 Bank fees and cash collection charges 450 440 Cost of goods sold 4,899 4,628 Information technology 1,075 1,016 Maintenance 7,245 6,342 Marketing and promotion 3,385 3,286 Services 1,387 1,130 Utilities 2,013 1,794

Total supplies and services 27,120 24,762

(c) Depreciation and amortisation Property 6,370 6,366 Plant, equipment and vehicles 1,507 1,405

Depreciation of non-current assets 7,877 7,771 Amortisation of intangibles 88 81

Total Depreciation and amortisation 7,965 7,852

(d) Interest expense Interest payable under finance leases 35 33

Total interest expenses 35 33

ZOOS VICTORIA ANNUAL REPORT 2015–16 69 ZOOLOGICAL PARKS & GARDENS BOARD Notes to the financial statements for the year ended 30 June 2016

Note 4 – Other economic flows included in net result

2016 2015 $’000 $’000

(a) Net gain/(loss) on non financial assets Net gain/(loss) on disposal of physical assets 60 (58)

Total net gain/(loss) on non-financial assets 60 (58)

(b) Net gain/(loss) on financial assets Net gain/(loss) arising from revaluation of long service liability due to changes (340) (155) in bond rates

Total Net gain/(loss) on financial assets (340) (155)

Total Other economic flows included in net result (280) (213)

Note 5 – Receivables

2016 2015 $’000 $’000

Current

Contractual Sale of goods and services 912 480 Other receivables 772 272

Total Contractual 1,684 752

Statutory Net goods and service tax receivable 164 136

Total current receivables 1,848 888

70 ZOOS VICTORIA ANNUAL REPORT 2015–16 Note 6 – Intangible assets

2016 2015 $’000 $’000

Non-current

Gross carrying amount Opening balance 830 803 Additions 172 27

Closing balance 1,002 830

Accumulated amortisation Opening balance (565) (483) Amortisation expense (88) (82)

Closing balance (653) (565)

Net book value at the end of the financial year 349 265

ZOOS VICTORIA ANNUAL REPORT 2015–16 71 ZOOLOGICAL PARKS & GARDENS BOARD Notes to the financial statements for the year ended 30 June 2016

Note 7 – Property, plant, equipment and vehicles

a. Gross carrying amounts and accumulated depreciation

NON-CURRENT Gross carrying Accumulated Net carrying amount depreciation amount

Details 2016 2015 2016 2015 2016 2015 $’000 $’000 $’000 $’000 $’000 $’000

Land at fair value 117,139 112,130 – – 117,139 112,130 Property at fair value 195,722 152,278 (4) (24,083) 195,718 128,195 Plant, equipment and vehicles 16,836 15,116 (6,812) (5,541) 10,024 9,575 at fair value Work in progress at cost 5,165 1,251 – – 5,165 1,251

Total 334,862 280,775 (6,186) (29,624) 328,046 251,151

b. Movements in carrying amounts

NON-CURRENT Plant, equipment, Land at Property at Work-in progress and vehicles Total fair value fair value at cost at fair value

Details 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000

Opening balance 112,130 94,825 128,195 124,883 9,575 9,623 1,251 2,838 251,151 232,169 Revaluation 5,009 17,305 68,367 – – – – – 73,376 17,305 Transfer In/(Out) – – 3,334 7,145 – – (3,334) (7,145) – – Additions – – 2,207 2,544 2,082 1,450 7,248 5,558 11,538 9,552 Disposal – – (16) (11) (126) (93) – – (142) (104) Depreciation – – (6,369) (6,366) (1,507) (1,405) – – (7,877) (7,771) expense

Net carrying 117,139 112,130 195,718 128,195 10,024 9,575 5,165 1,251 328,046 251,151 amount

The methodology of the valuation is outlined in Note 1(I)(vii).

72 ZOOS VICTORIA ANNUAL REPORT 2015–16 c. Fair value measurement hierarchy

Fair value measurement at the end of the Net Carrying reporting period using (refer Note 1(i)(vi)) Amount Level 1 Level 2 Level 3

Details 2016 2015 2016 2015 2016 2015 2016 2015 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000

Specialised Land 117,139 112,130 – – – – 117,139 112,130 Specialised Property 195,718 128,195 – – – – 195,718 128,195 Plant and equipment and vehicles 10,024 9,575 – – – – 10,024 9,575

Net carrying amount 322,881 249,900 – – – – 322,881 249,900

There have been no transfer between levels during the period. d. Fair value measurement hierarchy and description of unobservable inputs to Level 3 valuations

Significant unobservable Valuation Technique inputs and range

Details 2016 2015 2016 2015

Specialised Land Market approach Market approach Community Service Community Service Obligation (CSO) Obligation (CSO) adjustment at 60% adjustment ranging (refer Note (1)(vi)) to from 45% to 60% reduce the market (refer Note (1)(vi)) to approach for the Board’s reduce the market specialised land approach for the Board’s specialised land.

Specialised Property Depreciated Depreciated Cost per metre square Cost per metre square replacement cost replacement cost and useful life of and useful life of specialised buildings specialised buildings

Plant and equipment Depreciated at cost Depreciated at cost Cost per unit and Cost per unit and and vehicles useful life of the asset useful life of the asset

ZOOS VICTORIA ANNUAL REPORT 2015–16 73 ZOOLOGICAL PARKS & GARDENS BOARD Notes to the financial statements for the year ended 30 June 2016

e. Reconciliation of Level 3 fair value

Plant and Land Property Details Equipment and Total Specialised Specialised Vehicles

2016 2015 2016 2015 2016 2015 2016 2015 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000

Opening balance 112,130 94,825 128,195 124,883 9,575 9,623 249,900 229,331 Additions and transfers – – 5,541 9,689 2,083 1,450 7,624 11,139 from work-in-progress Disposal – – (16) (11) (126) (93) (142) (104)

Gains or losses recognised in net result Depreciations – – (6,369) (6,366) (1,508) (1,405) (7,877) (7,771)

Gains or losses recognised in other economic flows – other comprehensive income Revaluation 5,009 17,305 68,367 – – – 73,376 17,305

Closing balance 117,139 112,130 195,718 128,195 10,024 9,575 322,881 249,900

f. Impairment of assets There were no indications of any impairment of property, plant and equipment or vehicles at 30 June 2015.

74 ZOOS VICTORIA ANNUAL REPORT 2015–16 Note 8 – Interest bearing liabilities

2016 2015 $’000 $’000

Current Finance lease obligations secured by assets leased 215 217

Total current Interest bearing liabilities 215 217

Non-current Finance lease obligations secured by assets leased 499 404

Total non-current Interest bearing liabilities 499 404

Total Interest bearing liabilities 714 621

Interest bearing liabilities is by way of finance lease through VicFleet and is solely for acquisition of vehicles. Information on the Finance lease is provided below.

Finance Lease (VicFleet Facility) Minimum future lease Present value of payments minimum future lease payments

2016 2015 2016 2015 $’000 $’000 $’000 $’000

Finance lease liabilities payable – Not longer than one year 243 247 215 217 – Longer than one year and not longer than five years 544 439 499 404

Minimum future lease payments 787 686 714 621

Less future finance charges (73) (65)

Present value of minimum lease payments 714 621 714 621

Included in the financial statements as: Current Interest bearing liabilities 215 217 Noncurrent Interest bearing liabilities 499 404

714 621

ZOOS VICTORIA ANNUAL REPORT 2015–16 75 ZOOLOGICAL PARKS & GARDENS BOARD Notes to the financial statements for the year ended 30 June 2016

Note 9 – Payables

2016 2015 $’000 $’000

Current Contractual Trade payables 2,691 2,874 Other payables 949 1,236

Total Contractual 3,640 4,110

Statutory Fringe Benefit Tax, Payroll Tax, Superannuation 1,447 299

Total Statutory 1,447 299

Total Payables 5,087 4,409

76 ZOOS VICTORIA ANNUAL REPORT 2015–16 Note 10 – Provisions

2016 2015 $’000 $’000

Current provisions Annual Leave – Unconditional and expected to settle wholly within 12 months 2,790 2,686 – Unconditional and expected to settle wholly after 12 months 483 651 Long Service Leave – Unconditional and expected to settle wholly within 12 months 633 561 – Unconditional and expected to settle wholly after 12 months 4,470 3,855

8,376 7,753

Provisions related to employee benefit on-costs – Unconditional and expected to settle wholly within 12 months 546 532 – Unconditional and expected to settle wholly after 12 months 770 715

1,316 1,247

Total current provisions 9,692 9,000

Non-current provisions Long Service Leave benefits 1,032 988 Provisions related to employee benefit on-costs 165 162

Total non-current provisions 1,197 1,150

Total provisions 10,889 10,150

Movement in provisions Balance at start 10,150 9,778 Transfer in from other agencies 90 - Movement in provision 309 217 Movement in provision due to discount rate 340 155

Closing balance 10,889 10,150

ZOOS VICTORIA ANNUAL REPORT 2015–16 77 ZOOLOGICAL PARKS & GARDENS BOARD Notes to the financial statements for the year ended 30 June 2016

Note 11 – Cash flow information

2016 2015 $’000 $’000

(a) Reconciliation of cash and cash equivalents Cash on hand and at bank 37,974 31,107

Total cash and cash equivalents 37,974 31,107

(b) Reconciliation of net result for the period to net cash flows from operating activities Net result 4,390 4,588 Non-cash movements: Depreciation and amortisation of non-current assets 7,965 7,852 Goods-in-kind contributions – (400) (Gain)/loss on sale or disposal of non-financial assets (60) 58 Movements in assets and liabilities: (Increase)/decrease in inventories (84) 151 (Increase)/decrease in receivables (960) (67) (Increase)/decrease in prepayments (262) (7) (Decrease)/increase in payables (21) 125 (Decrease)/increase in provisions 739 372

Net cash flows from/(used in) operating activities 11,707 12,672

(c) Non-cash financing and investing activities Additions to vehicles under finance leases during the financial year 350 204

Total additions to vehicles under finance lease 350 204

78 ZOOS VICTORIA ANNUAL REPORT 2015–16 Note 12 – Contribution by owners

2016 2015 $’000 $’000

Balance at the beginning of the financial year 120,623 120,623 Contributed capital by owners 5,875 –

Balance at the end of the financial year 126,498 120,623

Note 13 – Physical asset revaluation surplus

2016 2015 $’000 $’000

Balance at the beginning of the financial year 144,668 127,363 Revaluation increments/(decrements) 73,376 17,305

Balance at the end of the financial year 218,044 144,668

Note 14 – Commitments for expenditure The following commitments have not been recognised as liabilities in the financial statements.

2016 2015 $’000 $’000

(a) Capital expenditure commitments Payable within 1 year 3,273 206

Total capital expenditure commitments 3,273 206

(b) Operating Lease commitments Payable within 1 year 58 67 Payable longer than 1 year and not longer than 5 years – 56

Total operating lease 58 123

Note 15 – Contingent assets and contingent liabilities The Board is not aware of any contingent assets and contingent liabilities at the end of the financial year (2014–15: Nil).

ZOOS VICTORIA ANNUAL REPORT 2015–16 79 ZOOLOGICAL PARKS & GARDENS BOARD Notes to the financial statements for the year ended 30 June 2016

Note 16 – Auditor’s remuneration

2016 2015 $’000 $’000

Victorian Auditor-General’s office 35 34

Total auditor’s remuneration 35 34

Note 17 – Subsequent events There are no matters or circumstances that have arisen since the end of the financial year that have significantly affected or may significantly affect the operations of the Zoological Parks and Gardens Board, the results of those operations or the state of affairs of the Zoological Parks and Gardens Board in future financial years.

Note 18 – Superannuation Employees of the Board are entitled to receive superannuation benefits and the Board contributes to various superannuation funds during the year. However, superannuation contributions paid or payable for the reporting period are included as part of employee benefits in the comprehensive operating statement of the Board. The name, details and amounts expensed in relation to the major employee superannuation funds and contributions made by the Board are as follows:

Contributions Contributions outstanding at the end of for the year the year

2016 2015 2016 2015

ESS Super (define benefit fund) Refer to Note 1(F)(i). 254 305 33 –

VicSuper 2,292 2,200 245 –

Others 325 622 165 11

Total 2,871 3,127 443 11

80 ZOOS VICTORIA ANNUAL REPORT 2015–16 Note 19 – Responsible persons Remuneration bands In accordance with the Ministerial Directions issued by the Minister for Finance of responsible persons under the Financial Management Act 1994, the following disclosures are made No of persons regarding responsible persons for the reporting period. 2016 2015 Responsible Minister $0 to $9,999 6 4 The Hon Lisa Neville, MP 1 Jul 2015 to 22 May 2016 Minister for Environment, $10,000 to $19,999 5 6 Climate Change and Water $300,000 to $309,999 1 1 The Hon Liliana (Lily) D’Ambrosio, MP 23 May 2016 to 30 Jun 2016 Minister for Energy, Environment Total number of persons 12 11 and Climate Change

Members of the Board Remuneration Anne Dorothy Fraser Ward 1 Jul 2015 to 30 Jun 2016 Chair Total remuneration received, due and receivable Helen Lynette Thornton 1 Jul 2015 to 30 Sep 2015 by responsible persons Deputy Chair* * 1 Oct 2015 to 30 Jun 2016 2016 2015 Kenneth William Hinchcliff 1 Jul 2015 to 30 Jun 2016 $’000 $’000

Geoffrey Charles Wescott 1 Jul 2015 to 30 Jun 2016 418 382 Natasha Rose Bowness 1 Jul 2015 to 30 Jun 2016

Sahil Suleman Merchant 1 Jul 2015 to 30 Jun 2016 Related party transactions of Carolyn Jackson 1 Jul 2015 to 30 Jun 2016 responsible persons Kirsten Anne Sword 1 Oct 2015 to 30 Jun 2016 Other related party transactions requiring disclosure under the Directions of the Brian Carlyle Cook 1 Oct 2015 to 30 Jun 2016 Minister for Finance have been considered Jon Meredith Hickman 1 Jul 2015 to 30 Sep 2015 and there are no matters to report. Deputy Chair

Mark William Powell 1 Jul 2015 to 30 Sep 2015

Chief Executive Officer

Jenny Gray

ZOOS VICTORIA ANNUAL REPORT 2015–16 81 ZOOLOGICAL PARKS & GARDENS BOARD Notes to the financial statements for the year ended 30 June 2016

Note 20 – Remuneration of executives and payments to other personnel

a. Remuneration of executives The numbers of executive officers, and their total remuneration during the reporting period are shown in the first two columns in the table below in their relevant income bands. The base remuneration of executive officers is shown in the third and fourth columns. Base remuneration is exclusive of bonus payments, long-service leave payments, redundancy payments and retirement benefits. The total annualised employee equivalent provides a measure of full time equivalent executive officers over the reporting period. Several factors affected total remuneration payable to executives over the year.

Remuneration bands Total remuneration Base remuneration

2016 2015 2016 2015

$90,000 to $99,999 0 0 0 1

$100,000 to $109,999 0 1 0 0

$140,000 to $149,999 1 0 1 0

$180,000 to $189,999 1 0 1 3

$190,000 to $199,999 0 3 3 2

$200,000 to $209,999 3 2 2 1

$210,000 to $219,999 2 1 1 0

$220,000 to $229,999 1 0 0 0

$320,000 to $329,999 0 0 0 1

$340,000 to $349,999 0 1 0 0

Total number of persons 8 8 8 8

Total annualised employee equivalents* (AEE) is based on working 8 7.5 8 7.5 38 ordinary hours per week over the reporting period

Total remuneration ($’000)* 1,612 1,664 1,541 1,569

* In 2014-15 two executives resigned and the total remuneration includes termination and redundancy payments.

b. Payments to other personnel (i.e. contractors with significant management responsibilities) There were no payments made to contractors charged with significant management responsibilities for the year.

82 ZOOS VICTORIA ANNUAL REPORT 2015–16 Note 21 – Ex-gratia payments

2016 2015 $’000 $’000

Forgiveness or wavier of debt greater than $5,000 – – Property damage – – Others – –

Total ex-gratia payments – –

Note 22 – Financial instruments a. Categorisation of financial instruments

2016 2015 $’000 $’000

Financial assets Cash and cash equivalents 37,974 31,107 Receivables at amortised cost excluding statutory amount 1,684 752

Total financial assets 39,658 31,859

Financial Liabilities Interest bearing liabilities 714 621 Payables at amortised cost excluding statutory amount 3,640 4,110

Total financial liabilities 4,354 4,731

ZOOS VICTORIA ANNUAL REPORT 2015–16 83 ZOOLOGICAL PARKS & GARDENS BOARD Notes to the financial statements for the year ended 30 June 2016

b. Financial risk c. Liquidity risks d. Credit risk management objectives Liquidity risk is the risk that the The Board’s maximum exposure to The Board’s principal financial Board would be unable to meet its credit risk at balance date for each instruments comprise finance leases financial obligations as and when class of recognised financial assets is and cash and short-term deposits. they fall due. The Board operates the carrying amount of those assets The main purpose of these financial under the Government fair payments as disclosed in the balance sheet. The instruments is to finance the policy of settling financial obligations Board minimises concentrations of acquisition of capital assets and the within 30 days and in the event of credit risk by undertaking transactions day-to-day operations. The Board has a dispute, making payments within with a large number of customers other financial assets and liabilities 30 days from the date of resolution. and counter parties. For tour groups such as trade receivables and trade The Board’s maximum exposure to who wish to trade on credit terms payables, which arise directly from liquidity risk is the carrying amounts are subject to credit verification. its operations. It is the Board’s policy of financial liabilities as disclosed in In addition, receivable balances are that no trading in financial instruments, the face of the balance sheet. There monitored on an ongoing basis with including derivative financial are no financial guarantees given the result that the Board’s exposure instruments, shall be undertaken. by the Board. to bad debts is not significant. The main risks arising from the The Board is not materially exposed Board’s financial instruments are The Board manages its liquidity to any customer or counter party. liquidity risks, interest rate risk and risk by: credit risk. The policies for managing • close monitoring of its monthly e. Market risk exposure these risks are discussed in more cash flows, monthly reviews of The Board’s exposures to market risk detail below. its financial position and where is primarily through interest rate required take any corrective actions; risks. The processes used to manage • maintaining an adequate level of each of these risks are disclosed in uncommitted funds that can be the paragraphs below. drawn at short notice to meet its short term obligations; Interest rate risk • holding investments and other Exposure to interest rate risk is contractual financial assets that are insignificant. Minimisation of risk is readily tradeable in the financial achieved by mainly undertaking fixed markets and investing its cash rate or non-interest bearing financial through secured and approved instruments. institution such as the Treasury Corporation of Victoria; and • careful maturity planning of its financial obligations based on forecasts of future cash flows. The Board’s exposure to liquidity risk is deemed insignificant based on prior periods’ data and current assessment of risk. Cash for unexpected events is generally sourced from liquidation of our deposit held with the Treasury Corporation of Victoria.

84 ZOOS VICTORIA ANNUAL REPORT 2015–16 Sensitivity disclosure analysis f. Fair value g. Significant terms and conditions Taking into account past performance, The fair value and net fair values of future expectations, economic Financial assets financial instrument assets and forecasts, and management’s Receivables are carried at the nominal liabilities are determined as follows: knowledge and experience of the amounts due less any allowance for financial markets, the Board believes Level 1 – the fair value of financial doubtful debts, when there is objective the following movements are instrument with standard terms and evidence that the receivable amount is ‘reasonably possible’ over the next conditions and traded in active liquid impaired. Credit sales are normally on 12 months: market are determined with reference 7 to 30 day terms. to quoted market prices. • A parallel shift of +1 per cent and Interest-bearing deposits are carried Level 2 – the fair value is determined –1 per cent in market interest rates at the lower of cost and net realisable using inputs other than quoted prices (AUD) from year-end weighted value. Interest revenue is brought into that are observable for the financial average rates of 2.21 per cent account as it is earned. All interest- asset or liability, either directly or (2.56 per cent – 2014–15). bearing deposits have a maturity of less indirectly; and The Table shown in Note 22(j) discloses than 180 days. the impact on net operating result Level 3 – the fair value is determined Financial Liabilities and equity for each category in accordance with generally accepted Payables are recognised for future of financial instrument held by the pricing models based on discounted amounts to be paid in respect of goods Board at year-end as presented cash flow analysis using unobservable and services received, whether or not to key management personnel, if market inputs. billed to the Board. Settlement of the above movements were to occur. The Board currently holds a range creditors is normally within a 30-day of financial instruments that are term. recorded in the financial statements where the carrying amounts are a Interest bearing liabilities are carried at reasonable approximation of fair amortised costs. Interest is charged as value, either due to their short term an expense as it is incurred. All loans nature or with the expectation that are secured by way of a charge over they will be paid in full in accordance VicFleet’s assets. with the agreed terms and conditions of the financial instruments. The financial instruments include:

Financial assets Cash and deposits

Receivables • Sale of goods and services • Accrued investment income

Financial liabilities Payables • For supplies and services • Interest bearing liabilities (finance lease)

ZOOS VICTORIA ANNUAL REPORT 2015–16 85 ZOOLOGICAL PARKS & GARDENS BOARD Notes to the financial statements for the year ended 30 June 2016

h. Interest rate exposure of financial instruments

Interest rate exposure

Weighted average Carrying Fixed Variable interest Non-interest Details effective interest Amount interest rate rate bearing rate

2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 % % $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000

Cash and deposits: Cash and cash 2.21 2.56 37,974 31,107 – – 36,689 30,309 1,285 798 equivalents Receivables: Receivables at 1,684 752 – – – – 1,684 752 amortised cost excluding statutory amount.

39,658 31,859 – – 36,689 30,309 2,969 1,550

Interest bearing liabilities: Finance lease liabilities 4.94 6.00 714 621 714 621 – – – – payables

Payables at amortised 3,640 4,110 – – – – 3,640 4,110 cost excluding statutory amount

4,354 4,731 714 621 – – 3,640 4,110

86 ZOOS VICTORIA ANNUAL REPORT 2015–16 i. Maturity of financial instruments

Maturity dates

Greater than 1 but Greater than 3 but Details Carrying Amount Less than 1 year less than 3 years less than 5 years

2016 2015 2016 2015 2016 2015 2016 2015 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000

Cash and deposits: Cash and cash equivalents 37,974 31,107 37,974 31,107 – – – –

Receivables: Receivables at amortised cost 1,684 752 1,684 752 – – – – excluding statutory amount

39,658 31,859 39,658 31,859 – – – –

Interest bearing liabilities: Finance lease liabilities 714 621 215 217 499 404 – –

Payables at amortised cost 3,640 4,110 3,640 4,110 – – – – excluding statutory amount

4,354 4,731 3,855 4,327 499 404 – –

j. Market rate exposure of financial instruments

Interest rate risk

Details Carrying Amount –100 basis points +100 basis points

2016 2015 2016 2015 2016 2015 $’000 $’000 $’000 $’000 $’000 $’000

Financial assets Cash and cash equivalents – and does not include 36,689 30,309 (367) (303) 367 303 non-interest bearing amounts held for daily use as change and petty cash.*

Sensitivity impact on net result due to a +/–100 basis (367) (303) 367 303 points movement in market interest rate.

* Not all cash balances are subject to interest rate risk. Refer to Note 22(i)

ZOOS VICTORIA ANNUAL REPORT 2015–16 87 ZOOLOGICAL PARKS & GARDENS BOARD Notes to the financial statements for the year ended 30 June 2016

Note 23 – Glossary of terms Employee benefits expenses Financial liability Employee benefits expenses include all A financial liability is any liability that is: AASB costs related to employment including Accounting Standards issued by the (a) A contractual or statutory obligation: wages and salaries, leave entitlements, Australian Accounting Standards Board (i) To deliver cash or another redundancy payments and financial asset to another entity; Amortisation superannuation contributions. or Amortisation is the expense which results Financial asset (ii) To exchange financial assets or from the consumption, extraction or use A financial asset is any asset that is: financial liabilities with another over time of a non-produced physical or entity under conditions that are intangible asset. This expense is (a) cash; potentially unfavourable to the classified as another economic flow. (b) an equity instrument of another entity; or Comprehensive result entity; (b) A contract that will or may be The net result of all items of income and (c) a contractual right: settled in the entity’s own equity expense recognised for the period. It is • to receive cash or another financial instruments and is: the aggregate of operating result and asset from another entity; or (i) A non-derivative for which the other comprehensive income. • to exchange financial assets or entity is or may be obliged to Commitments financial liabilities with another deliver a variable number of the Commitments include those operating, entity under conditions that are entity’s own equity instruments; capital and other outsourcing commit­ potentially favourable to the or ments arising from non-cancellable entity; or (ii) A derivative that will or may contractual or statutory sources. (d) a contract that will or may be be settled other than by the Depreciation settled in the entity’s own equity exchange of a fixed amount of Depreciation is an expense that arises instruments and is: cash or another financial asset from the consumption through wear or • a nonderivative for which the entity for a fixed number of the entity’s time of a produced physical or intangible is or may be obliged to receive own equity instruments. For this asset. This expense is classified as a variable number of the entity’s purpose the entity’s own equity a ‘transaction’ and so reduces the ‘net own equity instruments; or instruments do not include result from transaction’. • a derivative that will or may be instruments that are themselves settled other than by the exchange contracts for the future receipt of a fixed amount of cash or another or delivery of the entity’s own financial asset for a fixed number of equity instruments. the entity’s own equity instruments.

88 ZOOS VICTORIA ANNUAL REPORT 2015–16 Financial instrument Grants Net acquisition of nonfinancial assets A financial instrument is any contract Grants can be paid as general purpose (from transactions) that gives rise to a financial asset of one grants which refer to grants that are not Purchases (and other acquisitions) entity and a financial liability or equity subject to conditions regarding their of nonfinancial assets less sales instrument of another entity. Financial use. Alternatively, they may be paid as (or disposals) of nonfinancial assets less assets or liabilities that are not contractual specific purpose grants which are paid depreciation plus changes in inventories (such as statutory receivables or payables for a particular purpose and/or have and other movements in nonfinancial that arise as a result of statutory conditions attached regarding their use. assets. Includes only those increases requirements imposed by governments) Grants could be provided to communities, or decreases in nonfinancial assets are not financial instruments. Australian and International partners to resulting from transactions and therefore mitigate threats to wildlife, develop excludes writeoffs, impairment Financial statements A complete set of financial statements sustainable livelihoods and foster writedowns and revaluations. community and government support for comprises: Net result conservation. The grants are provided Net result is a measure of financial (a) a statement of financial position to support Zoos Victoria’s Fighting performance of the operations for the as at the end of the period; Extinction commitment, to secure and (b) a statement of profit or loss and period. It is the net result of items of recover species at risk of extinction revenue, gains and expenses (including other comprehensive income for before it is too late. the period; losses) recognised for the period, (c) a statement of changes in equity Intangible assets excluding those that are classified as Intangible assets represent identifiable for the period; ‘other nonowner changes in equity’. nonmonetary assets without physical (d) a statement of cash flows for Net result from transactions/ substance. the period; net operating balance (e) notes, comprising a summary of Interest expense Net result from transactions or net significant accounting policies and Costs incurred in connection with the operating balance is a key fiscal other explanatory information; borrowing of funds Interest expenses aggregate and is revenue from (f) comparative information in include interest on bank overdrafts transactions minus expenses from respect of the preceding period and short-term and long-term Interest transactions. It is a summary measure as specified in paragraphs 38 of bearing liabilities, amortisation of the ongoing sustainability of AASB 101 Presentation of Financial of discounts or premiums relating to operations. It excludes gains and losses Statements; and Interest bearing liabilities, interest resulting from changes in price levels (g) a statement of financial position as component of finance leases repayments, and other changes in the volume of at the beginning of the preceding and the increase in financial liabilities assets. It is the component of the change period when an entity applies an and nonemployee provisions due to the in net worth that is due to transactions accounting policy retrospectively or unwinding of discounts to reflect the and can be attributed directly to makes a retrospective restatement passage of time. government policies. of items in its financial statements, Interest income Non-financial assets or when it reclassifies items in its Interest revenue includes interest Non-financial assets are all assets that financial statements in accordance received on bank term deposits, are not ‘financial assets’ such as property, with paragraphs 41 of AASB 101. interest from investments, and other plant and equipment, vehicles etc. interest received.

ZOOS VICTORIA ANNUAL REPORT 2015–16 89 ZOOLOGICAL PARKS & GARDENS BOARD Notes to the financial statements for the year ended 30 June 2016

Other economic flows included Payables Transactions in net result Includes short and long term trade Transactions are those economic flows Other economic flows included in net debt and accounts payable, grants and that are considered to arise as a result of result are changes in the volume or interest payable. policy decisions, usually an interaction value of an asset or liability that do not between two entities by mutual Prepayments result from transactions. It includes: Prepayments which represent payments agreement. They also include flows • gains and losses from disposals, in advance of receipt of goods or services within an entity such as depreciation revaluations and impairments or that part of expenditure made in one where the owner is simultaneously of non-financial physical and accounting period covering a term acting as the owner of the depreciating intangible assets; extending beyond that period. This is asset and as the consumer of the service • fair value changes of financial categorised as non-financial assets in provided by the asset. Taxation is instruments and agricultural the balance sheet. regarded as mutually agreed interactions assets; and between the government and taxpayers. • depletion of natural assets Receivables Transactions can be in kind (e.g. assets (non-produced) from their use Includes short and long term trade provided/given free of charge or or removal credit and accounts receivable, grants, for nominal consideration) or where nett of goods and service tax receivable the final consideration is cash. In simple Other economic flows – and interest receivable. terms, transactions arise from the other comprehensive income Other economic flows – other Sales of goods and services policy decisions of the government. comprehensive income comprises items Refers to revenue from the direct (including reclassification adjustments) provision of goods and services and that are not recognised in net result as includes fees and charges for services required or permitted by other Australian rendered, sales of goods and services, Accounting Standards. fees from regulatory services, work done as an agent for private enterprises. The components of other economic It also includes rental income under flows – other comprehensive income operating leases and on produced assets include: such as buildings and entertainment, • changes in physical asset revaluation but excludes rent income from the use surplus; of nonproduced assets such as land. • share of net movement in revaluation User charges includes sale of goods and surplus of associates and joint services revenue. ventures; and • gains and losses on remeasuring Supplies and services available for sale financial assets; Supplies and services generally represent cost of goods sold and the daytoday running costs, including maintenance costs, incurred in the normal operations of the Board.

90 ZOOS VICTORIA ANNUAL REPORT 2015–16 DISCLOSURE INDEX

Directions Requirement Page

SD 4.2(j) Sign off requirements 4

FRD 22G Objectives, functions, powers and duties 6

FRD 22G Manner of establishment and responsible Minister 7

FRD 22G Nature and range of services provided 7

FRD 22G Key Performance Indicators 34

FRD 22G Summary of the financial results 36

FRD 22G Major changes or factors affecting performance 42

FRD 22G Subsequent events 42

FRD 22G Significant changes in financial position during the year 42

FRD 22G & SD2.2(f) Organisational structure 32

FRD 22G Occupational health and safety policy 28

FRD 22G Employment and conduct principles 33

FRD 29A & 22G Workforce Data disclosures 33

FRD21B Executive Officer disclosures 82

FRD 10 Disclosure index 91

FRD 25B Victorian Industry Participation Policy disclosures 44

FRD 22G Details of consultancies in excess of $10 000 42

FRD 22G Details of consultancies under $10 000 42

FRD 22G Disclosure of government advertising expenditure 44

FRD 12A Disclosure of major contracts 42

FRD 22G Application and operation of 42 Freedom of Information Act 1982

FRD 22G Compliance with Building Act 1993 44

FRD 22G Statement on National Competition Policy 42

FRD 22G Application and operation of 43 Protected Disclosures Act 2012

FRD 22G Summary of environmental performance 31

FRD 22G Statement of availability of other information 44

SD 4.5.5 Risk management compliance attestation 41

MRO Compliance with VicData access policy 44

PC 2012/02 Gifts, benefits and hospitality attestation 41

SD 4.2(g) General information requirements

Zoological Parks and Gardens Act 1995 7

Financial Management Act 1994 50

Building Act 1993 44

Freedom of Information Act 1982 42

Protected Disclosures Act 2012 43

Victorian Industry Participation Policy Act 2003 44

FRD 30B Standard requirements for the design 50

ZOOS VICTORIA ANNUAL REPORT 2015–16 91 WILDLIFE CONSERVATION AND SCIENCE

INDEPENDENT AUDITOR’S REPORT

92 ZOOS VICTORIA ANNUAL REPORT 2015–16 ZOOS VICTORIA ANNUAL REPORT 2015–16 93 94 ZOOS VICTORIA ANNUAL REPORT 2015–16 ZOOS VICTORIA ANNUAL REPORT 2015–16 95 WILDLIFEBACK COVER •CONSERVATION IMAGE REQUIRED AND• SAME SCIENCE TEXT AS LAST YEAR?

Melbourne Zoo © State of Victoria, Zoos Victoria PO Box 74 2016. This publication is copyright. Parkville Victoria 3052 No part may be reproduced by any Elliott Avenue process except in accordance with Parkville Victoria the provisions of the Copyright Act 1968. Tel: 61 3 9285 9300 Fax: 61 3 9285 9350 ISSN 1838-3645 Photography: Healesville Sanctuary Joel Sartore / www.joelsartore.com PO Box 248 Healesville Victoria 3777 Printed on 100% recycled paper Badger Creek Road Healesville Victoria Tel: 61 3 5957 2800 Fax: 61 3 5957 2870

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96 ZOOS VICTORIA ANNUAL REPORT 2015–16