A YEAR WITH ZOOS VICTORIA 2015-16 ANNUAL REPORT CONTENTS

Chair’s Message 4 Our vision is to CEO’s Message 5 Our Charter and Purpose 6 be the world’s Fighting Extinction 8 Animals of the Zoo 9 leading zoo-based Highlights 2015-16 10 Five Action Areas conservation Conservation 14 Our Animals 20 Visitors and Community 26 Our People 28 organisation. Financial Sustainability 30

Organisational Chart 32

We do this by 33 Our Workplace Profile fighting wildlife Key Performance Indicators 34 Financial Summary 36 extinction. Board Attendance 37 Board Profiles 38

Board Committees 40

Corporate Governance and Other Disclosure 41

Our Partners and Supporters 45

Financial Report 49

Southern Corroboree Frog • Pseudophryne corroboree

2 ZOOS VICTORIA ANNUAL REPORT 2015–16 ZOOS VICTORIA ANNUAL REPORT 2015–16 3 CHAIR’S MESSAGE 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 “ We strive to profoundly 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 influence people to take become major issues, encouraging staff strong results both within our zoo walls such a success. action to save wildlife.” 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 Anne Ward, Chair in the recovery of our Fighting measures in place. Extinction species. Recent employee survey results indicate Zoos Victoria 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 More people than ever before are The Minute to Midnight Gala Ball was Zoos Victoria towards our vision of us to continue to deliver outstanding visiting our zoos, with record visitation one such occasion where we engaged becoming the world’s leading zoo-based results for our threatened species at Melbourne Zoo, Healesville Sanctuary an audience not traditionally associated conservation organisation. program. Thanks to their dedication, and Werribee Open Range Zoo in 2015-16. with the Zoo. The night showcased Zoos there are more Helmeted Honeyeaters Victoria, both as a great place to visit And while we continue to attract in the wild than there has been for the and one that is committed to saving more people through our gates, we past 30 years. There were more Southern wildlife. continue to change and develop to meet Corroboree Frog eggs released to the expectations of our visitors. 2015-16 On behalf of the Board, staff and Mt Kosciuszko than ever before. And we was a year of exploration and reflection animals of Zoos Victoria, I would like now how a vibrant island population of at our zoos as we embarked on new to acknowledge the many people and Eastern Barred Bandicoots on Churchill ways to foster deeper connections organisations that have helped make Island, the first step towards taking this between our visitors and our animals. our three zoos world-leading. species off the extinction list. 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 Melbourne Zoo’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 “ Our organisation has grown, influence people to take action to save wildlife. and we’re developing Zoos Victoria is at the forefront of this our staff to grow with it.” transition and we will continue to engage new audiences and ensure our zoos Anne Ward Dr Jenny Gray, CEO cater to all ages and demographics on Chair this journey. Zoos Victoria Zoos Victoria Board

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

Manner of Establishment The Zoological Parks • To provide consultancy and advice Our vision is to be the world’s and Responsible Minister and Gardens Act 1995 services to the public on zoological matters leading zoo-based conservation 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 organisation. Our mission is to 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 galvanise communities to commit and Werribee Open Range Zoo. and Werribee Open Range Zoo. Zoos • To carry out any other functions Victoria is the trading name for the to the conservation of wildlife 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 wild places by: 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 •  Opening the door to except­ional improve the zoological parks • Setting appropriate Board policies appointed by the Governor in Council and managed land and the zoological providing strategic, ethical and wildlife encounters that reach on the recommendation of the Minister. collections operational guidance The responsible Ministers during the beyond the boundaries of our zoos 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 •  Leading the way by communicating for Environment, Climate Change and • Reviewing risks, governance and managed land Water from 1 July 2015 to 22 May 2016; internal controls and demonstrating the role of and • To increase public knowledge and • Reporting to the Minister. awareness of the zoological collections • the Hon Lily D’Ambrosio MP, Minister conservation and research in all and the zoological parks through for Energy, Environment and Climate exhibition of the zoological collections, Change from from 23 May 2016 to that we do publications, educational programs, 30 June 2016. advisory services and other activities

•  Catalysing action through • To carry out and promote zoological research, the conservation of wildlife inspiring experiences that motivate and its natural habitats and the partic ­ipation leading to conservation maintenance of biodiversity • To advise the Minister on matters and sustainability outcomes relating to the Board’s functions and powers or on any other matter referred to by the Minister

6 ZOOS VICTORIA ANNUAL REPORT 2015–16 ZOOS VICTORIA ANNUAL REPORT 2015–16 7 FIGHTING EXTINCTION ANIMALS OF THE ZOO

Our Fighting Extinction commitment Melbourne Zoo The oldest zoo in the WERRIBEE is to ensure that no native Victorian southern hemisphere. MELBOURNE HEALESVILLE ZOOS Melbourne Zoo weaves together our ZOO SANCTUARY OPEN RANGE VICTORIA terrestrial vertebrate species goes people, visitors and animals to ZOO 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. 1921 15 36 1972 with many more approaching the INVERTEBRATES INVERTEBRATES INVERTEBRATES INVERTEBRATES 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. 167 10 13 190 Zoos Victoria’s Wildlife Conservation Healesville Sanctuary offers the FISH FISH FISH FISH Master Plan provides a pathway to ultimate Australian wildlife conservation recovery for 20 of Australia’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 690 181 13 884 environment. This is the hub of our AMPHIBIANS AMPHIBIANS AMPHIBIANS AMPHIBIANS 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. 217 98 28 343 Innovative new programs will ensure REPTILES REPTILES REPTILES REPTILES 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 294 825 38 1157 Range Zoo transports you straight to BIRDS BIRDS BIRDS BIRDS 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 220 261 242 723 Congo, witness herds of zebra, giraffe, MAMMALS MAMMALS MAMMALS MAMMALS 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. 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

8 ZOOS VICTORIA ANNUAL REPORT 2015–16 ZOOS VICTORIA ANNUAL REPORT 2015–16 9 HIGHLIGHTS 2015-16 123456789101112 More than 2.5 We opened a million people custom designed visited our three pre-release gym great zoos – Greeted for Orange-bellied Melbourne Zoo, Received more than delegates from The Minute to Parrot aviary at Healesville Supported our 49,000 signatures all over Australia Midnight Gala Ball Werribee Open Sanctuary and threatened for Zoos Victoria’s to Melbourne Zoo was a roaring Range Zoo to help Werribee Open amphibian friends petition calling for for the first ever success, raising released birds Range Zoo. with 2000 Southern the mandatory Threatened $400,000 for better survive Corroboree Frog labelling of palm oil. Species Summit Zoos Victoria’s in the wild. eggs successfully Spread the love at Melbourne Zoo. endangered Zoos Victoria released to on Valentine’s Day species programs. membership grew Mt Kosciuszko with Rob the to over 250,000 and 230 Baw Baw Southern Corroboree members for the Frog metamorphs Frog’s search for first time ever! emerging at love reaching over Melbourne Zoo. 600,000 Melburnians!

We welcomed lion Trialled the release triplets at Werribee of 20 Eastern Open Range Zoo, Barred Bandicoots Platypus twins Took the Lord Howe onto the feral cat at Healesville Island Stick Insect and fox-free Churchill Sanctuary and global with founder Island with our Red Panda twins Piloted a world-first insects travelling to partners at Phillip at Melbourne Zoo. enrichment project San Diego Zoo. Island Nature Park. with Microsoft Xbox Kinect technology and the University of Melbourne.

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We recognise that our zoos operate in five key CONSERVATION We will focus and strengthen the conservation efforts actions areas: conservation, of Zoos Victoria to ensure the delivery of tangible conservation efforts. Zoos Victoria will work with people animals, people, visitors to prevent the extinction of all Victorian terrestrial and financial sustainability. vertebrate species and to recover at least one species. These five areas need to interlink so we can achieve OUR ANIMALS our conservation aims. 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. 512 ZOOS VICTORIA ANNUAL REPORT 2015–16 ZOOS VICTORIA ANNUAL REPORT 2015–16 13 FIVE ACTION AREAS CONSERVATION

Strengthening Eastern Barred Bandicoot Baw Baw Frogs Helmeted Honeyeaters Lord Howe Island Stick Insect August 2015 November 2015 September 2015 April 2016 our conservation 16 Eastern Barred Bandicoots released Ten male Baw Baw Frogs and five 18 Helmeted Honeyeaters bred at Melbourne Zoo celebrated an important efforts for to Churchill Island as part of an innovative additional egg masses were collected Healesville Sanctuary were released milestone in 2016, with the 13,000th trial to determine if islands are a viable from Mt Baw Baw and taken to Melbourne to the wild. Joining with 64 wild bred tiny hatchling emerging from its egg as tangible habitat. The bandicoots established Zoo to support the establishment of fledglings, they contributed to a total part of our efforts to save the Lord Howe themselves and started breeding almost the captive insurance population. population of nearly 200 Helmeted Island Stick Insect from extinction. conservation immediately, demonstrating the capacity Almost 230 metamorphs emerged Honeyeaters – the highest since number of the species to thrive when foxes are from the egg masses, further strength- monitoring commenced in the 1980s. outcomes. not a threat. A further four bandicoots ening our confidence in successfully were released in October 2016. rearing these frogs. Tasmanian Devil April 2016 Zoos Victoria is committed to fighting Leadbeater’s Possums October 2015 “ Through continual innovation extinction. Our goal is to be the world’s The Eastern Barred Bandicoot made Three devils bred at Healesville were its triumphant return to Hamilton in in the areas of wildlife and leading zoo-based conservation June 2016 released as part of a larger group organisation, the Australian authority Western Victoria with the re-introduction Eight family groups of Leadbeater’s to re-establish devils at the Forrestier community conservation on captive holding and management of 20 adult animals to the Hamilton Possums were captured and examined Peninsula in Tasmania. Healesville we achieved tangible gains of native threatened species, and the Community Parklands. In 1988, animals at Yellingbo Nature Conservation. An Sanctuary also established a program in the wild in 2015-16.” major facilitator of wildlife knowledge from Hamilton became the founders of average of 4.1 possums denned together to trial training devils to avoid cars – a for conservation action. the captive Eastern Barred Bandicoot and an encouraging seven of the eight major source of devil deaths in the wild. Professor Ken Hinchcliff breeding program which saved the groups (87%) contained a female that The Tasmanian Devil crittercam pilot Zoos Victoria Board Member We work locally and globally to deliver species from extinction. was lactating or carrying pouch young. research was completed to investigate Chair, Science Advisory Committee tangible conservation outcomes and are committed to the recovery of 20 native While the size of the population has captive and wild behaviour, proving threatened species. As a not-for-profit Southern Corroboree Frogs stabilised, it remains at critically low the effectiveness of the technique. zoo-based conservation organisation, levels with a total population estimate Summer all revenue raised contributes to our of just 44 individuals. Five frogs acclimatised well in an outdoor Grassland Earless Dragon work to fight extinction. In 2015-16 The captive breeding program at enclosure at Melbourne Zoo over the No sightings of Grassland Earless Zoos Victoria spent over $5.7 million Healesville Sanctuary received one young summer. Monitoring continues to evaluate Dragons were recorded despite on breeding and release programs. adult male from the wild, bringing the the effectiveness of this approach in 2,425,000 camera trap images taken captive population to 15. Breeding has We would like to thank our many managing the frogs in a less resource-­ at the most promising sites where the proven challenging despite favourable partners who make an invaluable intensive manner to allow them to grow species might have been holding out. circumstances, leading to a major genetic contribution to many of the species in more naturalistic conditions. Zoos Victoria’s Wildlife Conservation study to investigate genetic decline and with which we work. Master Plan recognised that along with develop genetic rescue strategies. April/May 2016 the Stuttering Frog, this species may 800 eggs successfully released to their Major habitat restoration projects already be extinct in Victoria. The species native alpine habitat on Mt Kosciuszko. 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 Northern Corroboree Frogs the evidence that it is extinct in Victoria. The report will be presented to the 882 eggs were laid at Healesville Department of Environment, Land, Sanctuary – the highest number of eggs Water and Planning (DELWP) which has ever produced at Healesville Sanctuary the overall responsibility for the in a single year and increasing the management of wildlife in Victoria and number of frogs for release by our future actions will be discussed. partners in the ACT.

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

BRISTOL

TORONTO

SAN DIEGO TEXAS PAKISTAN

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

ZIMBABWE

VICTORIA

TASMANIA

Conservation work International Grants • The Tiki Hywood Trust, Carbon offsets Beyond our Zimbabwe Education for • In 2015-16, we sent 300 eggs each to • Sri Lankan Wildlife Conservation • Tasmanian Native Forest Works with local schools to educate Bristol Zoo, Toronto Zoo and San Diego Society and Save the Elephants, Protection Project, Tasmania borders the community as to the role conservation Zoo to begin an international breeding Sri Lanka Located in the Central Highlands Zoos Victoria’s conservation efforts of predators in the ecosystems In 2014-15 Zoos Victoria launched program to save this Australian native. Investigates beehive fencing to act of Tasmania, this project currently extend far beyond our borders. and removes snares to protect Education for Conservation, a new model as a deterrent to Asian Elephants and prevents 90,000 tonnes of green- • We began work with our new partners, African Wild Dogs. transforming the way we engage students reduce human-elephant conflict. Gorilla Doctors, to save gorilla house gas emissions each year. at Melbourne Zoo, Werribee Open Range • The Snow Leopard Foundation, populations in Democratic Republic of • Wildlife Connection, Tanzania • The Kasigau Corridor Zoo and Healesville Sanctuary. The Pakistan Congo, Rwanda, Burundi and Uganda. The project works to reduce bush meat REDD Project, Kenya model works with schools across Victoria The foundation has established two poaching by providing an alternative Covering 169,741 hectares of dryland to create emotional connections and • Four Philippines Crocodiles hatched at artisan skill centres to help increase income and protein source couple with forest, the project protects the Kasigau inspires students that visit our zoos to Melbourne Zoo in 2014 were flown to the skills of local women to produce conservation education. corridor which is critical to a range of take action for wildlife. In 2015-16 we the Gladys Porter Zoo in Texas as part traditional products. of an international zoo network effort • Tsavo Cheetah Project, Kenya species including the Grevy’s Zebra. further developed this model by: cooperating on behalf of the world’s Works with local communities to Sister Zoo • Borneo Rainforest Rehabilitation • Removing the $3 education program most endangered crocodilian species. increase quality of livestock yards, Project, Borneo fee to make visits more affordable implement conservation education The Port Moresby Nature Park, Zoos This project is situated in Sabah, • Increasing teacher member to 2,641, and facilitates community monitoring Victoria’s sister zoo, received the Zoos Malaysia and prevents 140,000 tonnes up from 1,625 of local Cheetah populations. and Aquarium Association (ZAA) of greenhouse gas emissions each year. Innovation Award for its outstanding • Welcoming 65 Fighting Extinction • Zoo Atlanta, Guatemala • Madre de Dio Amazon development arising from its partnership Schools Works with local communities to create REDD Project, Peru with Zoos Victoria. • Growing school visits by 7.5% to nurseries to increase oak tree numbers Protecting one of the most biodiversity 154,957 students in forest corridors to help save the rich areas in the world, this project critically endangered Campbell’s works with indigenous communities • Increasing the number of animal Alligator Lizard. dependant on the forest. encounters for each school visit.

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Our community taking action

We aim to provide experiences that Each handmade Beads for Wildlife piece Specially designed bins made from Love Your Locals aims to raise the This campaign promotes switching inspire and facilitate individuals and purchased provides a woman in Northern 100% Certified Sustainable Palm Oil recycled plastic waste collected at profile of 20 native species that risk to wildlife friendly toilet paper to help the community as a whole to take Kenya with a reliable income that doesn’t (CSPO) doesn’t threaten orang-utans in Melbourne Zoo were installed in selected disappearing in the wild within just save local wildlife. rely on livestock or impact local wildlife. the wild. This campaign encourages fishing locations to make it easy for 10 years, by engaging the community conservation action for a measurable • Total number of pledges for the year More beads = less livestock = consumers to ask for palm oil that is anglers to dispose of waste without to help fight for their survival. and positive difference for our wildlife. is 6,494. more wildlife. clearly labelled and sustainably produced. harming wildlife. • 200 Rob the Frog toys descended Here are our community conservation • We recreated the iconic Spirits of the • 33,714 units of beads sold with • 49,266 signatures collected in • Seal the Loop Action Day in November on popular locations throughout key highlights for 2015-16. Sky show which saw a huge spike in the a value of $224,278 in sales. support of palm oil labelling involved 1000 participants across Melbourne on Valentine’s Day, number of pledges from visitors to eight sites around Victoria, spanning including Queen Victoria Market, • Since the campaign began, 208,642 • High-five installation at Melbourne switch to recycled toilet paper. from Warrnambool to Lakes Entrance. Federation Square, Flinders St Station units have been sold, totalling sales Zoo saw 269,000 high-fives given 80 bags of rubbish and more than and even Channel Nine personality of over $1.28m. by visitors. 100 meters of fishing line were Rebecca Judd’s bedroom! The • New products launched, designed in • Polling data undertaken indicated collected in one day. campaign to help Rob find love on KICKING colours reflecting animal colouration 84% support for labelling in Australia. Valentine’s Day attracted international • 12 bins have been installed, 10 of GOALS FOR in Northern Kenya. attention, with an accompanying • Ben Williams (zoo member) has which have been installed by Wyndham WILDLIFE Mighty Boosh animation and social collected over 700 signatures in council along the Werribee River. media campaign reaching more than support of palm oil labelling across his 17 are waiting for homes. The Kicking Goals for Wildlife 600,000 people. school and swim club/squad. campaign aims to improve community • Total number of bins across Victoria • Redevelopment of World of Frogs at • Joint statement with 17 other groups since campaign began is 244, and attitudes in Kenya towards wildlife Melbourne Zoo occurred including across South-East Asia and Australasia approximately 45 km of fishing line conservation by introducing a new donation point, new frog murals finalised – forming the Responsible has been collected. a conservation-based soccer league. and sculptures. Mobile phones donated to They’re Palm Oil Network. In 2015-16, Zoos Victoria secured a • 2015-16 data collection has seen an Calling on You raise much needed funds • Guardian dog pups were named with • Before the relaunch of the labelling estimated 8.66 km of fishing line and US $20,000 grant from FIFA’s ‘Football for primate conservation and reduces the help of Victorian school students. campaign, the Zoopermarket and more than 4,600 hooks collected. for Hope’ program to support campaign. the demand for conflict minerals, CSPO-focused campaign saw 11,062 • Love Your Locals study commenced such as coltan. 2015-16 was our first • A Grade six student in Barwon Heads emails and postcards collected with University of South Australia year working with new partners – has taken responsibility for emptying and sent asking manufacturers for which looked at how many visitors, Gorilla Doctors and Phone Cycle. the Seal the Loop bin in his area 100% CSPO. and more broadly Victorians, know and recording data for Barwon Coast • 11,421 phones donated in 2015-16. and love these lesser known local Council. He has collected 97m of species currently facing extinction. • Total funds raised through fishing line already. 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.

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Highlights • Underground buzzer Platypus twins Establishing 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, Zoos Victoria 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 as a leading 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 wildlife care properties were completed: Tarrabi, began courting. This is the • Ungulate enrichment trees • Devil’s Dinner Drop organisation. 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 Animal Care 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 In 2015-16 we continued to explore new industrial brushes. world to have bred Platypus. ways to support positive welfare states times throughout the night. Lion cubs for all of the animals in our care. • Wing’s World Significant births Three African lion cubs were born at Enrichment space installed in the back This included an exciting, world-first Werribee Open Range Zoo on 20 October. of house area of Wild Sea at Melbourne research project that uses Xbox Kinect Elephant birth This is the first litter for parents Nilo Zoo that doubles as an encounter technology to better understand how An Asian Elephant calf affectionately and Johari, and the first lion birth at the space for Little Penguin experiences. and when Melbourne Zoo’s orang-utans nicknamed Willow was born at Melbourne Werribee Open Range Zoo. Lions are in might choose to interact with visitors. • Interactive primate wall Zoo in June 2016 with a rare congenital trouble in the wild with estimated The collaboration between the University Interactive wall for Melbourne Zoo’s condition preventing her from standing. remaining numbers as low as 20,000 to of Melbourne, Zoos Victoria and the capuchins, including medicinal herbs Despite intensive, round-the-clock care 30,000. Zoos Victoria is working to help Microsoft Research Centre for Social to encourage rubbing, a cricket from our dedicated team of vets, nurses protect the species and other wildlife in Natural User Interfaces aims to provide dispenser, a moth attraction light and keepers, Willow contracted a blood Northern Kenya through the community– the apes with greater diversity over and a misting system. infection which localised in her chest based Beads for Wildlife program. visitor interaction. If successful, it’s and limb bones and she sadly passed • Reptile exercise pool possible the new digital technology away in August 2016. Construction of an exercise pool could be introduced for a number of with water jets to provide physical animals across Zoos Victoria. Red Panda stimulation for Melbourne Zoo’s reptiles, The Melbourne Zoo welcomed Red Panda We have continued to implement incorporating viewing for visitors. twins, Mandu and Keta, on December 10. non-invasive techniques to assess • Vervet automated scatter feeder The male cubs were of healthy weight animal welfare and action targeted Distributing food far and wide, and have been vaccinated, microchipped interventions, when required, the automated scatter feeder has and returned to their nest box where to achieve positive welfare states. proved a hit for the Vervet Monkey’s they spent their first five months. at Werribee Open Range Zoo. Monitors were installed in the nest box before breeding, allowing close monitoring of the cubs for the first time.

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Elephants to protected-contact Australian Wildlife Health Centre AGL Marine Response Unit Animal Welfare Surveys To improve keeper safety, Melbourne Each year, spring brings with it ‘Turtle Based at Melbourne Zoo, the AGL “ Animal welfare continues Zoo’s elephants have transitioned Season’, when the vet team at the Marine Response Unit responds to calls The Animal Welfare Survey to be at the forefront from free-contact to protected-contact Australian Wildlife Health Centre for assistance involving seals, turtles, is a risk assessment tool that management where elephants and expects an increase in turtle admissions. dolphins and other marine wildlife in as we create positive welfare gathers information from animal keepers do not share the same space. This year, a Common Long-necked Victorian waters. Such a rescue happened environments for all the keepers to identify potential risks The zoo worked with the Animal Welfare Turtle was brought into the centre at this year when an Australian Fur Seal animals in the Zoo’s care.” to animal welfare, and conditions Science Centre (University of Melbourne) Healesville Sanctuary with a hook was spotted near Southern Port Phillip that are likely to facilitate positive Geoff Wescott from December 2013 to March 2015 lodged in her stomach. Bay with a harpoon lodged in its back. welfare states. The goal is to have Zoos Victoria Board Member to monitor welfare indicators and assess The injured animal was reported to the all animals living in predominately When it was being removed, it was Chair, Animal Welfare any changes after implementation. AGL Marine Response Unit who worked positive welfare states by 2019. discovered she was carrying 11 eggs. Peer Review Committee The study showed no deterioration with the Dolphin Research Institute The eggs were removed and put into In 2016, 74% of Zoos Victoria’s but, rather, implied some evidence and Parks Victoria to dart the seal and incubation so her injuries would heal enclosures/species were scored of beneficial changes to the behaviour transport it to Melbourne Zoo for properly and she would not strain as positive, 21% as neutral and and welfare of the elephants. treatment. The seal was successfully herself giving birth. 5% as negative, with an increase treated before being released at in positive scores from the The Australian Wildlife Health Centre Blairgowrie boat ramp and was later previous year. 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 Koalas • 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

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Animal Welfare Peer Review Stuttering Barred Frog White-faced Heron Aldabran Giant Tortoise Common Brushtail Possum Eastern Grey Kangaroo Committee Report at Melbourne Zoo at Healesville Sanctuary Melbourne Zoo at Werribee Open Range Zoo at Healesville Sanctuary – Coranderrk A Stuttering Barred Frog died during a The death of two White-faced Heron Maranda, a Giant Tortoise, presented Rabbits present a significant impact Soft-jaw traps, used previously at the In 2008, the Victorian Minister for routine transfer. It was transported in a chicks occurred in September after tree with lameness to her left forelimb in on operations at Werribee including sanctuary with no reports of catching Environment established the Animal non-transparent container so was not works within the Wetlands Aviary at July. Veterinary care followed, including competition for food with collection non-target species, were set by an Welfare Peer Review Committee (AWPRC) visible during the move. The death was Healesville Sanctuary. Regular general anaesthesia to enable further animals, and warrens compromise fence experienced contractor to remove a dog to ensure full and frank disclosure and deemed avoidable and the AWPRC maintenance of vegetation occurs in the investigation of potential causes. Maranda integrity. During an annual baiting seen in the Corranderrk at Healesville accountability of animal welfare-related recommended that only transparent aviary to provide integrity of the aviary developed paralysis of her hind-limbs. program using 1080, 17 Common Sanctuary. A kangaroo was found caught matters across our zoos. The role of the containers, ‘Pal Pens’, are utilised for structure including wire-mesh. This Following several weeks of treatment, Brushtail Possums presented dead after in one of the soft-jaw traps sustaining committee is to review and provide advice frog transfer and transportation. work is typically scheduled for times there were signs that the paralysis was consuming 1080 bait. They were all injuries to her forelimbs so she was to the Zoos Victoria Board on animal Zoos Victoria has re-affirmed this to of the year when resident birds are resolving. However, the condition of her found in to a specific locality near the euthanised. The investigation found that welfare related matters and incidents. keepers and the staff member involved unlikely to be nesting. left forelimb continued to deteriorate, giraffe house. This incident was due care had been taken with the selection The committee is made up of up between has been counselled. and a decision was made for euthanasia. presented to Department of Environment, The investigation found that the planning and monitoring of traps and the potential six to eight members who possess An investigation was made in order Water, Land and Planning who issued for tree works was followed with every for trapping a kangaroo in a soft-jaw a qualification, interest and/or deep Little Penguins at Melbourne Zoo to understand more completely the a breach under the Agricultural and attempt made to determine the presence trap was unforeseen. The presence of commitment to animal welfare. Our 14 Little Penguins were killed by a fox processes for decision-making. Veterinary Chemicals Act 1992. of nesting birds. However, the deaths a fox or dog in the Coranderrk presented Animal Welfare Peer Review Committee and found in their exhibit in November. were deemed avoidable and the following While these events could have been a threat that could have resulted in the as of 30 June 2016: This was the first fox incursion into recommendations have been avoided if 1080 was not used, there loss of multiple kangaroos should the Melbourne Zoo in more than sixteen traps not have been used. Zoos Victoria • Dr. Geoff Wescott years. The AWPRC found the incident implemented: is a need to reduce populations of Zoos Victoria Board Member and rabbits at WORZ. The use of 1080 on has undertaken a full review of its was deemed unavoidable but an external • Pruning to occur on a more regular current pest management process for Chair of the committee expert was engaged to investigate and basis, planning ahead of time with site has been put on hold until a review of rabbit baiting, including volume and predatory species. All soft-jaw traps • Kirsty Sword Gusmão assess preceding indicators of the keepers completing multiple checks location of baits, is concluded. have been removed/disabled while a Zoos Victoria Board Member presence of a predator. Recommendations of large trees with thick growth review of the process occurs. 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 ZOOS VICTORIA ANNUAL REPORT 2015–16 25 FIVE ACTION AREAS VISITORS AND COMMUNITY

Numerous individuals and organisations Visitation Tourism Community Access Engaging are influenced by the work of Zoos Zoos Victoria experienced record visitation • Total tourism visitation grew across King of Sweden “We as a family hope that Victoria. Year on year we provide in 2015-16 with more than 2.5 million all Zoos Victoria, with over 200,000 6,000 Cub Scouts attended a Teddy other patients will benefit, visitors and innovative, wildlife-based recreation people from around the world visiting international visitors and 160,000 Bear’s Picnic at Melbourne Zoo, hosted and learning experiences that inspire the way our family did.” the community our three zoos. Victorians accounted for interstate visitors heading to Zoos by His Majesty King Carl XVI Gustaf of and facilitate individuals and the Spinal injury patient over 75% of all visitors, supporting our Victoria in 2015-16 Sweden in His Majesty’s role as Chairman community as a whole to take conserv­ with profound community engagement efforts to save of the World Scout Foundation. The ation action and make a measurable • 15% of all people who visited Zoos endangered species in our own back Victoria in 2015-16 were also visitors event marked the 69th World Scout experiences and positive difference. yard. Thanks to more people coming to Victoria. Foundation Meeting and Events and was In 2014-15 a five year master plan was through the gates than ever before, we chosen to be held at the zoo. • We’ve seen a 36% growth in visitors launched with the ambition to make can further progress our conservation Royal Melbourne Hospital Visits from China, Singapore and Malaysia Victorians the world’s most wildlife work to fight extinction and provide The Melbourne Zoo hosted 10 patien- friendly citizens. Through facilitating in 2015-16. “A record 2.5 million people a better life for our animals. from the Royal Melbourne Hospital in personal action, creating wildlife • China is now our largest international an initiative to provide access to those visited our zoos in 2015-16, advocates and activating our community’s Our Zoo Members market, and recent celebrations to undergoing treatment. intrinsic values we want to engage the commemorate the Chinese New Year directly supporting our work • 250,000 active members Lunar New Year of the Monkey people to help stop species sliding resulted in a 27% growth in visitation to fight wildlife extinction.” • 86,000 households As the only places in Victoria where towards extinction. In its second year, for the month of February visitors can see monkeys, we celebrated Kirsty Sword-Gusmão increased visitation allowed further • 75% of households are families the Year of the Monkey in style with Zoos Victoria Board Member opportunity to put the plan into action. • 98% of members reside in Victoria total visitation growing by 27.84% for In addition to record on-site visitation, • 94% are based in metro Melbourne February thanks to the festivities. 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 Compassionate visit VIP Compassion is an important value held by Zoos Victoria, and we are proud to advocate for the compassionate treatment of animals and people, Visitors’ Origin - Zoos Victoria 2015-16 Visitor Numbers 2015-16 particularly children. When a refugee family was brought to Zoos Victoria, International 8% we wanted to offer what so many Interstate 7% Werribee Open 616 children in Australia have access to: Range Zoo 555 a fun day at the zoo. The family were Regional hosted by Melbourne Zoo for a day that Victoria 8% 446 Healesville left the children smiling in awe at the Sanctuary 428 seals and penguins and walking through the butterfly house in wonder. 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 ZOOS VICTORIA ANNUAL REPORT 2015–16 27 FIVE ACTION AREAS OUR PEOPLE

Key Highlights Occupational Health Safety Circle Volunteers Staff Supporting staff Zoos Victoria was introduced to Safety Our 2016 Volunteer Satisfaction Job satisfaction grew from 73% in Zoos Victoria continued to build staff and Safety Circles as part of the LEAN Training survey found: 2014-15 to 81.35% in 2015-16. In 2016-17 capabilities through training and development Health and Safety at the start of the 2016 calendar year. we will continue to monitor staff satis­ professional development. • 76% of volunteers feel proud to be faction through short monthly surveys. as part of Our safety goal is to ensure that all staff The fundamentals around safety should supporting Zoos Victoria A three-day training course in problem-­ go home happy, healthy and safe – today translate to increased attention to a world-leading solving happened across all three and every day. Zoos Victoria has animal care, and in time will be used • 60% experienced unexpected Employee Relations properties. The LEAN Community of partnered with IPM Safety to launch the to address avoidable animal deaths. benefits from volunteering Two new industrial agreements were Practice – a collection of all staff that (social connectedness, teaching negotiated during the year – the Keepers, zoo-based Safety Circle program across the Safety Circle is based on the LEAN have completed LEAN – held its second and learning) Veterinary Nurses, Horticulturists and organisation. All staff have participated principles of respect for people and meeting at Healesville Sanctuary Groundstaff Agreement 2015, and the conservation in Safety Circle training, and a more continuous improvement, with a focus • 82% feel supported in their role to discuss key project updates, visual detailed program for organisation leaders Salaried Staff Agreement 2015. on leadership commitment to safety • 34 research volunteers trained organisation. management boards and to further has included introduction of the coaching The agreements provide wage increases and expanding personal responsibility. by the Wildlife Conservation and develop the Zoos Victoria values. diamond – to ensure that conversations which reflect Zoos Victoria’s strong The approach guides intensive safety Science Department about safety are conducted in a way performance and changes to employment Employees get LEAN in 2016 interventions including detailed and arrangements which will support that engages staff in behaviour change. updated risk registers, addressing “ We continue to work with We have continued to apply LEAN improvement initiatives. principles as a fundamental part Whilst the number of lost time injuries hazards, safety training and leadership our staff to unlock their of the way we work. 35 staff have now has increased, the severity of the injuries training in coaching. A pledge was potential as we strive for completed the Graduate Certificate has been low in most cases. As a result, signed by all leaders to acknowledge continuous improvement in Competitive Systems and Processes our WorkCover premium has reduced and agree to: for the third year in a row. as an organisation.” through Swinburne University. A further • Speak up and challenge others 50 staff have completed formal training to be healthy and safe Anne Ward in LEAN structured problem solving • Lead and support people to follow Chair, Zoos Victoria Board and many more have participated in standard procedures and rules to work Chair, Remuneration, Governance information sessions about specific LEAN is a set of strategies, inside the Safety Circle and Safety LEAN tools. frameworks and tools developed • Ensure positive communication and More than 60 LEAN improvement by Toyota to increase productivity immediate performance management projects have been undertaken. These and engage staff. While originally have included: zero waste to landfill, designed to improve manufacturing • Be responsive, follow up and fix servicing the helmeted honeyeater process, the LEAN principles unsafe conditions complex at Healesville Sanctuary, food have successfully been adopted • Maintain a high standard of work preparation at Werribee Open Range in a wide range of industries and organisation Zoo, visitor entry at Melbourne Zoo, organisations across the globe, • Interrupt unsafe acts – their own and payroll processing. including Zoos Victoria. 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.

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

Ensuring the long-term financial Key Highlights Environmental Sustainability Gala Ball “Victoria’s philanthropic Further progress was made in 2015-16 Guests to the Minute to Midnight Gala community has continued in our efforts to be an organisation sustainability of all our dedicated to operating more sustainably. Ball arrived at Melbourne Zoo’s Butterfly its great support of operations to maintain and House on mini trains for pre-dinner • 188kW of solar panels were installed cocktails, before entering a decorated the zoo, contributing over with contracts to deliver a further improve the value of assets and marque just adjacent to the Carousel. $1.9 million in 2015-16.” 250kW across our zoos in 2016. make meaningful and measurable Co-hosted by Channel Nine’s Livinia Sahil Merchant In 2017, we will have 438kW of solar Nixon and Tony Jones, the focus of the Zoos Victoria Board Member PV, reducing our carbon emissions by 2 investment in conservation. night was clear: wildlife conservation. Chair, Revenue Growth Committee 488T CO e – the equivalent to removing Guests heard about the importance of 113 cars off the road or powering Zoos Victoria’s conservation works 62 average Australian houses Customer Relationship Manager from speakers including the Governor • Our renewable energy generation has In 2015-16 we undertook a major of Victoria the Honourable Linda Dessau increased to 213,491 - a 42% rise in upgrade of our database, integrating AM, Zoos Victoria CEO Jenny Gray, renewable energy that equates to 3% 994,487 records into a single system Sonia Kent (Chair Zoos Victoria of total electricity use streamlining communications and Foundation) and the Chair of Zoos increasing revenue. The new Customer • Natural Gas consumption was reduced Victoria, Anne Ward. Relationship Manager brings our by 9.6% Award winning chef and media extensive network of members, • Overall there was a decrease in total personality, Guy Grossi, designed a three stakeholders, supporters and partners energy consumption of 1.25% course meal matched to wines donated into one easy to use system. The new • Recycling rate is steady at 76%, by board member, Mark Newman. system allows us to further upgrade despite higher than normal waste Auctioneer Roger McIlroy, donated his our ticketing system scheduled to occur from cleanout initiatives; an increase services for some competitive bidding in 2016-17. amongst a crowd with a keen eye in waste to landfill was balanced by on the prizes. increased recycling The Ball continued well into the night • Water consumption is similar to last with guests riding the carousel and year despite hot and dry conditions. dancing to a successful evening right While consumption of potable water to the very end. increased, the use of recycled water also increased with a reduction Special thanks to the Yulgibar Foundation in river water usage, leading to an for its generous matched gift, the overall rise of 0.1%. organising committee of Sonia Kent, Natasha Bowness and Monica Grollo, our amazing ambassadors and all the CO2 emissions (tonnes CO2e) donors for their support on the night. 2015-16 2014-15 2013-14

14,778.52 14,560.32 14,820.73

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

Jenny Gray, Chief Executive Officer

As at As at Zoos Victoria is committed 30 June 2016 30 June 2015 to applying merit and equity Employees principles when appointing Joe Barberis Gillian Hoysted Rachel Lowry Sally Lewis Male 228 242 Director Business Director Human Director Wildlife Director Werribee staff. The selection processes Development Services Conservation Open Range Zoo ensure that applicants are Female 390 416 General Manager, HR Business Partner, General Manager General Manager, assessed and evaluated fairly Casual Philanthropy Melbourne Zoo Community Life Sciences and equitably on the basis Male 57 83 Conservation and General Manager, HR Business Partner, General Manager, of the key selection criteria Learning Female 95 196 Membership Healesville Sanctuary Operations and other accountabilities General Manager, Full-time General Manager, HR Business Partner, General Manager, without discrimination. Threatened Species Commercial Werribee Open Visitor Experience Male 164 159 Development Range Zoo Senior Manager, Governance and Female 183 220 Sustainability Senior Manager, Administration FTE Part-time and Full-time 418.4 279 Continuous Improvement Senior Manager Manager Processes Animal Welfare FTE Casuals 80.5 119 Senior OHS Advisor Indigenous Employees 1 2 Executive

Male 4 4

Female 5 5

Senior Managers

Male 11 12

Female 8 9 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 ZOOS VICTORIA ANNUAL REPORT 2015–16 33 KEY PERFORMANCE INDICATORS

Imperative Outcome Performance Indicator Target June 30 June 30 Admission Charges 2016 2015 Details 2015-16 2014-15 2013-14 Wildlife Fighting wildlife No. of Fighting Extinction species 6 5 6 Conservation extinction increased in the wild Adult (16 years of age or more) $31.60 $30.80 $30.00

Wildlife Fighting wildlife Annual investment in wildlife $6m $5.7m $4m Child (under 16 years of age) $15.80 $13.60 $13.20 Conservation extinction conservation Child (under 16 years of age) on weekends, public holidays and Victorian school holidays Free Free Free Community Acting for wildlife No. of staff engaged with our 95% 94% 94% Conservation fighting extinction direction Physically or intellectually disabled child under 16 years of age $6.00 $6.00 $6.00

Community Acting for wildlife Behaviour change actions 85,000 114,469 168,000 Family (a group of four persons including up to two Adults) $79.90 $74.60 $68.50 Conservation taken up by the community Full time student on presentation of proof of full time enrolment $24.20 $23.60 $23.10 Working Maximising our Avoidable animal deaths 0 10 9 in secondary school or post-secondary educational institution Smarter animal care Eligible recipient or eligible beneficiary within the meaning of the $24.20 $23.60 $23.10 Working Living safely Lost-time Injuries <10 19 13 State Concessions Act 1986 on presentation of a current pensioner Smarter or Health Care Card issued by the Commonwealth Government

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 ZOOS VICTORIA ANNUAL REPORT 2015–16 35 FINANCIAL BOARD SUMMARY ATTENDANCE

Details 2015-16 2014-15 2013-14 2012-13 2011-12 Board Meeting Attendance - 1 July 2015 to 30 June 2016 000’s 000’s 000’s 000’s 000’s

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

Revenue Zoo Activities 1 55,630 52,598 46,982 46,367 39,643 Anne Ward 7 7 19/03/13

Other grants, income and sponsorship 11,115 9,573 6,174 6,583 7,181 Helen Thornton 7 6 23/03/13

Parks and Reserve Trust Fund 2 16,370 16,469 17,535 13,078 14,635 Ken Hinchcliff 7 6 10/08/11

Total Income 83,115 78,640 70,691 66,028 61,459 Geoff Wescott 7 6 07/09/11

Total Depreciation (7,965) (7,852) (7,745) (7,917) (7,896) Sahil Merchant 7 7 30/04/13

Total Operating Expenses (70,480) (65,987) (62,335) (59,425) (61,231) Natasha Bowness 7 7 30/04/13

Total Expenses (78,445) (73,839) (70,080) (67,342) (69,127) Carolyn Jackson 7 4 10/08/14

Net Result from transactions 4,670 4,801 611 (1,314) (7,668) Kirsty Sword Gusmao 6 5 01/10/15

Other economic flows3 (280) (213) (2,498) 8 20 Brian Cook 5 5 01/10/15 – 10/06/16

Net Result for the period 4,390 4,588 (1,887) (1,306) (7,648) Jon Hickman 1 1 07/09/11 – 30/09/15

Assets, Liabilities and Equity Mark Powell 1 1 10/08/14 – 30/09/15 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 ZOOS VICTORIA ANNUAL REPORT 2015–16 37 BOARD PROFILES AS AT 30 JUNE 2016

Ms Anne Ward Ms Helen Thornton Dr Kenneth Hinchcliff Mr Sahil Merchant Associate Professor Geoff Wescott Dr Kirsty Sword Gusmão BA, LLB (Melb), FAICD B.Ec ACA, MAICD BVSc (Hons), MS, PhD, DACVIM LLB (Hons), B Comm, MBA, GAICD B.Sc (Hons), M.Sc, M.Sc, Ph.D FEIANZ AO Chair Deputy Chair Ken was appointed to the Board Sahil was appointed to the Board Geoff was appointed to the Board in Dr Sword Gusmão is the Goodwill Anne was appointed as Chair in March Helen was appointed to the Board in in May 2008. He is a graduate of the in April 2013 and is a seasoned 2011 and is Associate Professor of Ambassador for Education of Timor-Leste, 2013. She came to the Board with more February 2010; she was appointed as Melbourne University Veterinary entrepreneur who is equally comfortable Environment at Deakin University in Chair of the Alola Foundation and Expert than 30 years of extensive experience in Chair of the Audit & Risk and Compliance School and was Dean of the Faculty of in the corporate setting. He has particular Melbourne, a Fellow of the Environment Adviser to the Timor-Leste National business management, strategy, finance, Committee in March 2010 and Deputy Veterinary Science, and then the Faculty expertise in digital strategy and execution Institute of Australia and New Zealand, Commission for UNESCO. risk and governance across a range of of Veterinary and Agricultural Sciences, in the context of large organisations, a member of the World Commission for Chair of the Board in October 2015. She has a long service history in industries including banking, agriculture, at the University of Melbourne between data strategy, digital marketing, Protected Areas of the IUCN and Vice Helen has extensive experience in risk fostering international relations, and property and tourism. Prior to becoming 2007-2015. He is currently the CEO e-commerce and customer engagement. President of the Australian Coastal management, audit, finance, strategy improving education, health and living a professional director, Anne was (Warden) of Trinity College, Melbourne He has founded numerous companies, Society. He has served on the Australian and corporate governance. She has held conditions. Her expertise in international a commercial lawyer advising major which is an educational institution including (but not limited to) a physical National Oceans Advisory Group, the a number of senior leadership positions engagement and education will be corporations on strategic transactions, of 2200 students affiliated with the retail brand, a consulting firm which was Victorian Coastal Council, Parks Victoria in major corporations including BlueScope valuable assets for marketing and mergers and acquisitions, capital University of Melbourne. Ken has successfully merged into Ogilvy Australia, and has just written a new edition on Steel, BHP Billiton and Deloittes. promoting Victoria’s zoos to the world. markets, contract law and regulation, completed advanced training program and a medical services company (using rocky shores, flora and fauna of Wilsons and corporate governance. She was Helen has over 16 years as a non- in large animal internal medicine and is ground breaking surgical techniques). Promontory National Park. Mr Brian Cook a corporate partner at two major executive director and is currently the author of several international Sahil is a Senior Vice President at Brian Cook is Chief Executive of the Australian law firms, Minter Ellison also on the boards of Yarra Valley veterinary textbooks and approximately Carolyn Jackson McKinsey & Company, He is responsible Geelong Football Club, Chair of the Lawyers and Herbert Geer in Melbourne. Water and Legal Practitioners Liability 200 scientific publications. He is deputy LLB, BCom MPA for leading McKinsey’s digital practice Geelong Cats Sports Foundation, Chair Anne is presently Chairman of Colonial Committee and is an independent Chair of the Listing Committee of the Carolyn was appointed to the Board in Australia, including McKinsey Digital of the Project Control Group for the First State Investments and Qantas member of the Risk & Audit Committees Federation Equestre International, in August 2014 and is the Executive Labs, to drive transformative change redevelopment of Simonds Stadium, Superannuation, a Council member for both the Department of Environment, a member of the Board of Regents of Director of Finance and Planning (CFO) through Australian enterprise. Director of the Barwon Health Future at RMIT University and a director Land, Water and Planning and the the American College of Veterinary with the Department of Environment, Fund, and was previously a Director of MYOB Group Ltd. Department of Health & Human Services. Internal Medicine and Co-Editor of the Ms Natasha Bowness Land, Water & Planning. Carolyn has at Tourism Victoria. She is a former board member of Journal of Veterinary Internal Medicine. B. Ec, ACA, GAICD extensive experience in policy and Ken was a professor in the College Rural Finance Corporation and Big Sky Natasha was appointed to the Board in strategic financial management across of Veterinary Medicine at Ohio State Building Society. April 2013. She is an Executive Director the Victorian Government, including University before joining the University of the Wilbow Group, a private family roles with the Department of Treasury of Melbourne in 2007. 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.

38 ZOOS VICTORIA ANNUAL REPORT 2015–16 ZOOS VICTORIA ANNUAL REPORT 2015–16 39 BOARD CORPORATE GOVERNANCE COMMITTEES AND OTHER DISCLOSURE

Attestation Audit and Risk Management regarding corporate and business Zoos Victoria Board Committees Zoos Victoria Zoos Victoria Independent plans and forecasting. Board Members Management Members Compliance with the Australian/New and Compliance Committee Zealand Risk Management Standard The Audit and Risk Management and • To review the financial management Revenue Growth Committee Sahil Merchant (Chair) CEO Gabby Leibovich of the Board. I, Chair of the Audit, Risk and Compliance Compliance Committee consists of the The role of the Committee is to support development Anne Ward Property Directors Danielle Press Committee of the Board certify that the following members at 30 June 2016. • To review the effectiveness of internal and review of revenue growth for Zoos Victoria, within Brian Cook Sonia Kent controls and financial risk manage- the context of the Zoos Victoria strategy set by the Zoological Parks and Gardens Board has The main responsibilities of the Audit ment procedures. Board. In fulfilling this role, the Committee will advise, complied with the Ministerial Standing and Risk Management & Compliance monitor and make recommendations. 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 Remuneration, Governance and Safety Anne Ward (Chair) CEO Loren Murray The Zoological Parks and Gardens financial reporting and support the internal and external audits. To advise, monitor and make recommendations to the Kirsty Sword Gusmao HR Director Jenny Pequignot Board Audit and Risk Management and Board in making informed decisions • To monitor regulatory, legal and Board of Directors in relation to executive remuneration, Property Directors Compliance Committee verifies this. regarding accounting practices and internal control compliance. overarching industrial relations policies and guidelines disclosures. and governance matters, nominations to Board positions • To review and assist the development and strategic risk management. • To review the quality of management of strategies for key financial areas. financial reporting and support the Audit, Risk Management and Compliance Committee Helen Thornton (Chair) CEO Peter Riley Helen Thornton Board in making informed decisions To review the quality of financial reporting, the financial Natasha Bowness CFO (resigned 16/12/15) Chair of the Audit, Risk Management management of the capital development program, Carolyn Jackson Matt O’Keefe and Compliance Committee review of financial risk management procedures and 5 September 2016 monitor regularly, legal and internal control compliance. Name Position No. of Meetings Attended Period to No. of Meetings Held Gifts, Benefits and Hospitality Science Advisory Committee Prof Ken Hinchcliff Director Wildlife Andrew Bennett Framework Attestation Helen Thornton Board Member 5/5 01/07/2015 to To advise and assist Zoos Victoria in discharging its (Chair) Conservation David Gardner (Chair) 30/06/2016 responsibilities in relation to science, research and Dr Geoff Wescott Senior Veterinarian Betty Weiler I, the Chief Executive Officer, certify that: conservation activities. The Committee consists senior Brian Cook Senior Scientist David Middleton • my public entity has gifts, benefits Natasha Bowness Board Member 3/4* 19/11/2015 to Zoos Victoria staff, a nominated representative from Michael Clarke and hospitality policies and procedures 30/06/2016 the Department of Environment and Primary Industries Graeme Coulson in place; Carolyn Jackson Board Member 4/4* 19/11/2015 to and at least three independent external members with Liam Smith 30/06/2016 recognised scientific and research disciplines. Kim Lowe • these policies and procedures are consistent with the minimum require- Michael Kearney Matt O’Keefe Independent 4/5 01/07/2015 to ments and accountabilities outlined in 30/06/2016 Animal Welfare Peer Review Committee Geoff Wescott (Chair) CEO Graham Mitchell the Gifts, Benefits and Hospitality To confirm that the care of animals is conducted in Carolyn Jackson Director Wildlife Matthew Jackson Policy Framework for the Victorian Jon Hickman Board Member 1/1** 01/07/2015 to accordance with Zoos Victoria and industry policies and Kirsty Sword Gusmao Conservation Alice Skipper Public Sector – Revised April 2012 19/08/2015 procedures, review all animal welfare incident reports Senior Veterinarian Justice Tony Pagone issued by the Public Sector Standards Mark Powell Board Member 1/1** 01/07/2015 to and peer review decisions made and conclusions drawn Senior Life Sciences Commissioner; and 19/08/2015 from any investigation into issues from complaints Managers • these policies and procedures are or concerns about animal welfare. The Animal Welfare Peter Riley Independent 1/2** 01/07/2015 to updated, promulgated and provided Peer Review Committee report is detailed on page 30. 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.

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

Freedom of Information Major External Reviews National Competition Policy Protected Disclosure Act 2012 Reporting procedures Disclosures under the The Freedom of Information Act 1982 There were no major external reviews In 1995, all Australian Governments Compliance with the Protected Disclosure Disclosures of improper conduct or Protected Disclosure Act 2012 allows the public a right of access to conducted in 2015-16. (Federal, State and Territory) agreed to Act 2012 (formerly the Whistleblowers detrimental action by the Board or any of The number of disclosures made documents held by the Board. Details review and, where appropriate, reform Protection Act 2001). its employees and/or officers may be made by an individual to the Board and of FOI requests received during the all existing legislative restrictions to any of the following Board personnel: Subsequent Events The Protected Disclosure Act 2012 notified to IBAC financial year are outlined below. on competition. Under the National encourages and assists people in making • The Protected Disclosure Coordinator; There were no matters subsequent to Competition Policy, the guiding legislative Number Number disclosures of improper conduct by public 2014-15 2013-14 the financial report being finalised that principle is that legislation, including • The Chief Executive Officer of the Board; Details Number Number would significantly affect finances. officers and public bodies. The Act future legislative proposals, should not • A Protected Disclosure Officer 0 0 2015-16 2014-15 provides protection to people who make Assessable restrict competition unless it can be disclosures in accordance with the Act of the Board; disclosure Access granted 3 4 Significant changes in the demonstrated that: and establishes a system for the matters • A manager or supervisor of a person in part financial position during • The benefits of the restriction to disclosed to be investigated and rectifying from the Board who chooses to make Compliance Statement for Access granted 0 2 the year the community as a whole outweigh action to be taken. a disclosure; or the costs; and Financial Management in full There were no significant changes The Board does not tolerate improper • A manager or supervisor of a person The Zoological Parks and Gardens Access denied 0 0 in the financial position during the year. • The objectives of the legislation conduct by employees, nor the taking from the Board about whom a Board of Victoria has complied with in full can only be achieved by restricting of reprisals against those who come disclosure has been made. competition. forward to disclose such conduct. It is the Financial Compliance Framework No Documents 1 1 Major changes or factors Alternatively, disclosures of improper committed to ensuring transparency Direction requirements. affecting performance The Board continues to comply with conduct or detrimental action by the 0 0 and accountability in its administrative Matters not the requirements of the National Board or any of its employees and/or finalised There were no major changes or factors and management practices and supports Competition Policy. officers may also be made directly to the Public Administration Act 2004 during the year that would significantly the making of disclosures that reveal FOI Withdrawn 0 0 Independent Broad-based Anti-corruption Consistent with the requirements of the affect financial or operational perform­ corrupt conduct, conduct involving Commission (IBAC): Public Administration Act 2004, the Total 4 6 ance throughout the year. a substantial mismanagement of public Board has adopted a range of policies resources, or conduct involving a Level 1, North Tower, 459 Collins Street Requests as 1st July 1st July designed to promote good governance substantial risk to public health and Melbourne, VIC 3000 detailed in 2016 205 Disclosure of Major Contracts in all its decision making and operations. safety or the environment. Phone: 1300 735 135 Section 17 of No contracts over $10 million were Internet: www.ibac.vic.gov.au The policies comprise: Code of The Board will take all reasonable the FOI Act entered into during the reporting period. Email: (see the website above for the Conduct; Conflict of Interest; Dispute steps to protect people who make must be made secure email disclosure process, which Resolution; Gifts, Benefits and such disclosures from any detrimental in writing Consultancies also provides for anonymous disclosures) Hospitality; Meetings and Decision along with the action in reprisal for making the Making; and Performance Assessment. prescribed fee Details of consultancies under $10,000 disclosure. It will also afford natural There were no consultancies paid under justice to the person who is the subject Further information Prescribed fee $27.90 $27.20 Information and Communication $10,000 for the 2015-16 financial year. of the disclosure to the extent it is The Protected Disclosure Policy and as at Technology (ICT) expenditure legally possible. Procedures, which outline the system for Details of consultancies over $10,000 reporting disclosures of improper conduct For the 2015-16 reporting period, Consultancies paid greater than Contact Details or detrimental action by the Board or Zoos Victoria had a total ICT $10,000 are listed in the table below. any of its employees and/or officers, are expenditure of $1,075,000, with the FOI Officer available on Zoos Victoria’s website. details shown below. P.O. Box 74 Parkville, Vic 3052 Consultant Purpose Start Date End date Total Future Telephone: (03) 9285 9300 Fee Expenditure ICT expenditure ($ thousand) Fax: (03) 9340 2795 Ernst & Pricing 18/12/2015 29/06/2016 $61,980 $15,000 Total Entity ICT ICT BAU ICT Non-BAU Expenditure Email: [email protected] Young research and Expenditure expenditure framework Operational Capital expenditure Expenditure Urban Feasibility 11/03/2016 29/04/2016 $10,756 Nil (OPEX) (CAPEX) Initiatives study: parking $3,187 $1,075 – $2,112

BAU – Business as Usual

42 ZOOS VICTORIA ANNUAL REPORT 2015–16 ZOOS VICTORIA ANNUAL REPORT 2015–16 43 CORPORATE GOVERNANCE OUR PARTNERS AND OTHER DISCLOSURE AND SUPPORTERS

Compliance with the Maintenance Statement of Availability Corporate Partners Estates Philanthropic Supporters Maintenance and improvement works Building Act 1993 of Other Information Platinum Zoos Victoria acknowledges the Platinum are regularly carried out on Zoological The Zoological Parks and Gardens Board Information relevant to the headings generosity of those who have left Parks and Gardens Board’s buildings AGL Energy Ltd The Ian Potter Foundation Victoria complies with the building listed in Financial reporting Direction a gift in their Will to ensure that they are maintained The Yulgilbar Foundation management provisions of the Building 22B of the Financial Management Act in a safe and serviceable condition. Gold Estate of Elaine Anderson Act 1993. The Zoological Parks and 1994 is held at Zoos Victoria offices and ANZ Estate of Faye Atkins Gardens Board Victoria ensures that Conformity is available on request, subject to the Gold all works requiring building approval Freedom of Information Act 1982. In loving memory of Margaret Bray Work is continuing to ensure that all The Dyson Bequest have plans certified, works in progress Silver existing buildings conform to standards. Estate of Gloria Cooper inspected and Occupancy Permits Compliance with DataVic Schweppes Australia The HGK Foundation Silver issued by independent Building Surveyors Access Policy Unilever Australia (Streets) Bamford Family Foundation engaged on a local job by job basis. It Pecuniary Interest Disclosures The Merle Carrol Assistance Fund, also ensures that plans for these works Board members are required to complete Consistent with DataVic Access Policy RACV managed by Perpetual Bowness Family Foundation issued by the Victorian Government in are lodged with the relevant local council. a statement of pecuniary interest Estate of Kevin Cowell The William Buckland Foundation, 2012, Zoos Victoria has not submitted The Zoological Parks and Gardens including any relevant shareholdings Supporters managed by Equity Trustees any datasets to DataVic. If in the future Estate of Eveline Cutler Board Victoria requires all building on appointment. At the start of each Melbourne Veterinary relevant datasets become available, Estate of Linda Dowel John Cochrane practitioners engaged on building works Board meeting, members are given the these will be provided to DataVic in Specialist Centre to be registered and maintain registration opportunity to update or declare their Estate of Christopher Ellis IOOF Foundation specific interest. Declarations of interest accordance with the policy. Melbourne Airport throughout the course of the works. Estate of Rita Fang The Robert and Mem Kirby Foundation is recorded in the Board’s minutes. Montague Fruits and Village Roadshow Building works Disclosure of Government Estate of Margaret Godbold Visy Lord Mayor’s Charitable Foundation The major building work completed in Implementation of Advertising expenditure Estate of Mary Griffith Jetpets The Scobie and Claire Mackinnon Trust 2014-15 was the construction of the Lion the Victorian Industry No Government advertising expenditure Estate of David Griffiths Gorge Exhibit at Melbourne Zoo. Mailguard Merrin Foundation Participation Policy was incurred by Zoos Victoria during Estate of Heather Hardy The Zoo ensures that all building projects the reporting period. Mattioli Sid and Fiona Myer Family Foundation In October 2003, the Victorian Parliament In memory of John Graham Wilfred were constructed by registered builders passed the Victorian Industry Participation Head OAM Peter and Carmen Schembri and family in accordance with approved drawings Policy Act 2003 which requires public Media Partners and specifications. The exhibits are now Estate of Mildred Heilman Sunraysia Foundation bodies and Departments to report on the Channel NINE being used by the staff and public. implementation of the Victorian Industry Estate of Dorothea Hill Vizard Family Foundation The Herald and Weekly Times All works had plans certified, works Participation Policy (VIPP). Departments Estate of Vincent Lucardie Alex, Heloise and Jake Waislitz in progress inspected and Occupancy and public bodies are required to apply Estate of Winifred Mackenzie Albert George and Nancy Caroline Permits issued where required by VIPP in all tenders over $3 million in independent Building Surveyors. metropolitan Melbourne and $1 million Estate of Audrey Mason Youngman Trust, managed by Equity Trustees in regional Victoria. Estate of Merlie Merchant Estate of Kevin Mullan Estate of Ernest Pallot Estate of Shirley Poole Number Value Estate of Anne Elizabeth Raymond 2015-16 Estate of Raymond Reynolds Contract commenced – – Estate of Muriel Ryan Contract completed – – Peter and Barbara Shearer 2014-15 Estate of Beryl Sparks Contract commenced – – Estate of Robine Enid Wilson Contract completed 1 $5 million Estate of Antonietta Zampolli

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

Bronze Supporters Community Government Conservation Office for Environment and Heritage (NSW) Andrew Fairley AM Andrew and Shadda Abercrombie Cardinia Catchment Landcare Animal Quarantine and Inspection Common Cause Australia Service Orange-bellied Parrot Recovery Team Fox Family Foundation Venise Alstergren Country Fire Authority WWF City of Melbourne Parks Victoria Alexander Gosling AM Australian Geographic Healesville Chamber of Commerce Jane Goodall Institute City West Water Phillip Island Nature Park Grollo Ruzzene Family Foundation Ken and Joy Barassi Help for Wildlife RMIT Commissioner for Environmental San Mariano Municipal Government Hermon Slade Foundation Andrew and Annie Bell Leukaemia Foundation University of Melbourne Sustainability Vic Save the Tasmanian Devil Program Ian Hicks AM B M Investments Melbourne Airport University of South Australia Department of Agriculture, Fisheries Spotted Tree Frog Recovery Team John T Reid Charitable Trusts Miche Bonett-Horton Member for Seymour, Cindy McLeish and Forestry (Aust) ACT Environment and Sustainable Development Taronga Conservation Society Australia Sonia and Wayne Kent Vicki Callanan Mission Australia Department of Education and Training Directorate Amphibian Research Centre Tidbinbilla Nature Reserve Portland House Foundation Joseph Cappadona Monash Children’s Hospital Department of Environment, Land, Animal & Gene Resource and Victoria University Vicki Standish Collier Charitable Fund RACV Healesville Country Club Water and Planning (Vic) Storage Centre – Monash University Zoo and Aquarium Association Zoo and Aquarium Association Mark Collins and Carol Schilling-Collins Royal Children’s Hospital Department of Sustainability and Arthur Rylah Institute Environment, Water, Populations and Greenpeace Dr Simon Edelstein YMCA Victoria Community (Aust) Baw Baw Frog Recovery Team Mabuwaya Foundation Cliff and Jane Gale Weerama (Werribee) Festival Department of Treasury and Finance Baw Baw National Park Northern Rangelands Trust Lillian Gibbeson Wildlife Victoria Environment Protection Authority (EPA) Baw Baw Shire Council Tree Kangaroo Conservation Program James and Marged Goode Wyndham Community and Education NSW Office for Environment and Birds Australia Centre Port Moresby Nature Park Jenny Gray Heritage Brush-tailed Rock-wallaby Worawa Aboriginal College Woodland Park Zoo The Hamilton Family Parks Victoria Recovery Team Wyndham Children’s Week Festival World Association of Zoos Stephen Harris Port Phillip and Western Port Conservation Breeding Specialist Group and Aquariums Yarra Trams Catchment Management Authority John Higgins Conservation Volunteers Australia Community and Public Sector Union Shire of Yarra Ranges Dale and Ian Johnson Corroboree Frog Recovery Team United Voice Sustainability Victoria Love Racing Pty Ltd Eastern Barred Bandicoot Mazda Foundation University of Melbourne Tasmanian Department of Primary Recovery Team Industry, Parks, Water and Environment Tina McMeckan Construction, Forestry, Friends of the Helmeted Honeyeater Mining and Energy Union Tourism Australia Christine Milton Friends of Leadbeater’s Possum Tourism Victoria Jacqueline Moth Tourism Future Fish Wyndham City Council The Myer Foundation City of Melbourne Helmeted Honeyeater Recovery Team Reconciliation Action Plan Mark Newman Destination Melbourne Regent Honeyeater Recovery Team Wurundjeri Council Valerie Newman Tourism Greater Geelong and the Leadbeater’s Possum Recovery Team Wathaurung Aboriginal Corporation Lady Potter AC Bellarine Lord Howe Island Board Reconciliation Victoria The Pratt Foundation Tourism Australia Museum Victoria Victorian Youth Advisory Council Diana Ruzzene-Grollo and Rino Grollo Tourism Victoria Mountain Pygmy Possum Recovery Team Lady Southey AC Yarra Ranges Tourism Mt Rothwell Biodiversity The Trust Company Yarra Valley Business and Tourism Association Interpretation Centre University of Tasmania Foundation Murray Catchment Stephen Walmsley Management Authority Anne Ward

46 ZOOS VICTORIA ANNUAL REPORT 2015–16 ZOOS VICTORIA ANNUAL REPORT 2015–16 47 OUR PARTNERS WILDLIFE AND SUPPORTERS CONSERVATION AND SCIENCE

Education Commercial University of Melbourne Australian Education Union Compass Group University of Queensland 2015-16 Badger Creek Primary School Kitchen & Butcher University of Sydney ZOOS VICTORIA Berwick Fields Primary School University of Western Australia FINANCIAL REPORT 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 ZOOS VICTORIA ANNUAL REPORT 2015–16 49 ZOOLOGICAL PARKS ZOOLOGICAL PARKS & GARDENS BOARD & GARDENS BOARD Chairman, Chief Executive Officer and Comprehensive operating statement for Chief Financial Officer’s Declaration the financial year ended 30 June 2016

We certify that the attached financial statements for the Zoological Parks and Notes 2016 2015 Gardens Board have been prepared in accordance with Standing Direction 4.2 $’000 $’000 of the Financial Management Act 1994, applicable Financial Reporting Directions, Australian Accounting Standards, including interpretations, and other mandatory Income from transactions professional reporting requirements. Income from rendering of services and sale of goods 1(E)(i) and (ii),2(a) 55,630 52,175 We further state that, in our opinion, the information set out in the comprehensive Government and other grants 1(E)(iii),2(b) 21,576 20,492 operating statement, balance sheet, statement of changes in equity, cash flow statement and notes forming part of the financial statements, presents fairly the Other income 1E(iv) to (vi),2(c) 5,909 5,973 financial transactions during the year ended 30 June 2016 and financial position Total income from transactions 83,115 78,640 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 Expenses from transactions any particulars included in the financial statements to be misleading or inaccurate. Employee expenses 1(F)(i),3(a) (43,325) (41,192) We authorise the attached financial statements for issue on 5 September 2016. 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

Anne Ward Dr Jenny Gray Lawrence Tai Other economic flows included in net result Chairman Chief Executive Officer Chief Financial Officer Net gain/(loss) on non financial assets 4(a) 60 (58) Net gain/(loss) on financial assets 4(b) (340) (155) Melbourne Total other economic flows included in net result (280) (213) 5 September 2016 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.

50 ZOOS VICTORIA ANNUAL REPORT 2015–16 ZOOS VICTORIA ANNUAL REPORT 2015–16 51 ZOOLOGICAL PARKS ZOOLOGICAL PARKS & GARDENS BOARD & GARDENS BOARD Balance sheet as at 30 June 2016 Statement of changes in equity for the financial year ended 30 June 2016

Notes 2016 2015 Movements in carrying Note Physical asset Accumulated Contributions Total $’000 $’000 amounts revaluation Surplus / (deficit) by Owner surplus

Assets 2016 2015 2016 2015 2016 2015 2016 2015 Financial assets $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Cash and cash equivalents 1(I)(ii),11(a) 37,974 31,107 Balance at 1 July 144,668 1 27, 363 3,978 (610) 120,623 120,623 269,269 247, 376 Receivables 1(I)(iii),5 1,848 888 Net result for the year 4,390 4,588 4,390 4,588 Total financial assets 39,822 31,995 Contributed capital 12 5,875 – 5,875 – by owners Non-financial assets Other comprehensive 13 73,376 17,305 73,376 1 7, 305 Inventories 1(I)(iv) 978 894 income for the year Intangible assets 1(I)(v),6 349 265 Balance at 30 June 218,044 144,668 8,368 3,978 126,498 120,623 352,910 269,269 Property, plant and equipment and vehicles 1(I)(vi),7 328,046 251,151 Prepayments 406 144 The statement of changes in equity should be read in conjunction with the notes to the financial statements. 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 ZOOS VICTORIA ANNUAL REPORT 2015–16 53 ZOOLOGICAL PARKS ZOOLOGICAL PARKS & GARDENS BOARD & GARDENS BOARD Cash flow statement for the Index to notes to the financial statements financial year ended 30 June 2016

Notes 2016 2015 Note Description Page $’000 $’000 1 Summary of significant accounting policies 56

Cash flows from operating activities 2 Income from transactions 68

Receipts 3 Expenses from transactions 69 Receipts from sales of goods and services 56,953 55,490 4 Other economic flows included in net result 70 Receipts from government and other grants 21,076 20,492 5 Receivables 70 Sponsorship, grants and donations received 2,907 3,866 GST net refunded from / (payable to) the ATO 1 1,932 153 6 Intangible assets 71 Receipts from other sources 2,137 696 7 Property, plant, equipment and vehicles 72

Interest received 789 777 8 Interest bearing liabilities 75

Total receipts 85,794 81 ,474 9 Payables 76

Payments 10 Provisions 77 Payments to employees (41,748) (41,619) 11 Cash flow information 78

Payments to suppliers (32,304) (27,150) 12 Contribution by owners 79 Interest and other costs of finance paid (35) (33) 13 Physical asset revaluation surplus 79 Total payments (74,087) (68,802) 14 Commitments for expenditure 79

Net cash flows from / (used in) operating activities 11(b) 11,707 12,672 15 Contingent assets and contingent liabilities 79

Cash flows from investing activities 16 Auditor’s remuneration 80

Payments for property, plant and equipment and vehicles (10,489) (9,466) 17 Subsequent events 80 Payments for Intangible assets 6 (172) (27) 18 Superannuation 80 Proceeds from sale of plant and equipment and vehicles 203 45 19 Responsible persons 81 Net cash flows from / (used in) investing activities (10,458) (9,448) 20 Remuneration of executives and payments to other personnel 82 Cash flows from financing activities 21 Ex-gratia payments 83 Owner contributions by State Government 5,875 – 22 Financial instruments 83 Repayment of finance leases (257) (156) 23 Glossary of terms 88 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 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 C. Reporting entity Balance sheet E. Income from transactions and measurement Assets and liabilities are presented significant accounting policies are recognised in the period The financial report covers the Income is recognised to the extent in which the estimate is and also in liquidity order with assets These annual financial statements The accrual basis of accounting has Zoological Parks and Gardens Board that it is probable that the economic in future periods that are affected aggregated into financial assets represent the audited financial statements been applied in the preparation of trading as Zoos Victoria, as an benefits will flow to the Board and by the revision. Judgements and and non-financial assets. for the Zoological Parks and Gardens these financial statements whereby individual reporting entity. the income can be reliably measured assets, liabilities, equity, income and assumptions made by management Current and non-current assets Board (the Board) for the year ending The Board is a Statutory Authority at fair value. The following specific expenses are recognised in the in the application of AASs that have and liabilities (those expected recognition criteria must also be met 30 June 2016. The purpose of the report of the State of Victoria, established reporting period to which they relate, significant effects on the financial to be recovered or settled beyond before income is recognised: is to provide users with information about under the Zoological Parks and regardless of when cash is received statements and estimates relate to: 12 months) are disclosed in the notes, the Board’s stewardship of resources Gardens Board Act 1995. It also (i) Rendering of services or paid. These financial statements • superannuation expense (refer to where relevant. entrusted to it. trades under the business name of Income from rendering of services are presented in Australian dollars, Note 1(F); Zoos Victoria and operates three Cash flow statement is recognised when the services A. Statement of compliance the functional and presentation • the fair value of land, buildings, zoos namely, Melbourne Zoo, Cash flows are classified according are rendered. It includes items such currency of Zoos Victoria. The financial report is a general infrastructure, plant and equipment, Healesville Sanctuary and Werribee to whether or not they arise from as income from gate admission, purpose financial report which has In the application of AASs, manage­ (refer to Note 1(I)(vi); Open Range Zoo. Its principal operating activities, investing zoo membership, catering been prepared on an accrual basis ment is required to make judgements, address is: Elliott Avenue, Parkville, activities, or financing activities. commission and income from • assumptions for employee benefit estimates and assumptions about This classification is consistent with in accordance with the Financial provisions based on likely tenure Victoria 3052. zoo activities. Management Act 1994 and applicable the carrying values of assets and requirements under AASB 107 of existing staff, patterns of leave (ii) Sale of goods liabilities that are not readily apparent D. Scope and presentation Statement of cash flows. Australian Accounting Standards claims, future salary movements Income is recognised at the from other sources. The estimates of financial statements (AASs) and Interpretations issued by and future discount rates (refer Statement of changes in equity point of sale when the significant and associated assumptions are the Australian Accounting Standard to Note 1(J)(iii)); and Comprehensive operating statement The statement of changes in equity risks and rewards of ownership Board (AASB). In particular, they are based on professional judgements The comprehensive operating presents reconciliations of each of the inventories have passed The accounting policies set out below presented in a manner consistent with derived from historical experience statement comprises three non-owner and owner changes in to the buyer and the costs have been applied in preparing the the requirements of the AASB 1049 and various other factors that are components, being ‘net result from equity from the opening balance at incurred or to be incurred in financial report for the year ended Whole of Government and General believed to be reasonable under the transactions’ (or termed as ‘net the beginning of the reporting period respect of the transaction can 30 June 2016 and the comparative Government Sector Financial Reporting. circumstances. Actual results may operating balance’), ‘other economic to the closing balance at the end of be measured reliably. differ from these estimates. information presented for the year In complying with AASs, the entity flows included in net result’, as well the reporting period. It also shows ended 30 June 2015. (iii) Government and other Grants as ‘other economic flows – other separately changes due to amounts has, where relevant, applied those The financial report has also been Government Grants are recognised All assets and liabilities for which fair comprehensive income’. The sum recognised in the ‘Comprehensive paragraphs applicable to not-for- prepared on a going concern basis. as income in the financial value is measured or disclosed in the of the former two, together with the result’ and amounts recognised profit entities. Zoos Victoria is economically statements on receipt of the dependent on the Victorian State financial statements are categorised net result from discontinued in ’Other economic flows – other Accounting policies are selected and cash during the year and where Government grant to assist in within the fair value hierarchy, as operations, represents the net result. movements in equity’ related applied in a manner which ensures Zoos Victoria has control over funding its operations. This report outlined in Note (I)(vi). to ‘Transactions with owner in its that the resulting financial information The net result is equivalent to profit or the funds. The recurrent grant has been prepared in accordance capacity as owner’. satisfies the concepts of relevance For the purpose of fair value loss derived in accordance with AASs. represents the ongoing grant with the historical cost convention. and reliability, thereby ensuring that disclosures, the Board has determined Refer to Note 23 Glossary for the for the operations of the zoos Historical cost is based on the fair the substance of the underlying classes of assets and liabilities on the definitions of ‘net result from and other grants are for specific values of the consideration given transactions or other events is reported. basis of the nature, characteristics transactions, ‘other economic programs or activities. in exchange for assets. and risks of the asset or liability and flows included in net result’ and Capital contributions from the To gain a better understanding of the level of the fair value hierarchy ‘other economic flows – other State Government are normally the terminology used in this report, as explained above. a glossary of terms can be found comprehensive income’. recognised as capital in Note 23. In addition, the Board determines appropriations on receipt of the whether transfers have occurred funds and will be reflected as These annual financial statements between levels in the hierarchy by equity in the financial statements. 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 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 Asset Class 2015–16 2014–15 mainly from within the department Board has endorsement as a comprehensive operating portfolio, namely, Department of deductible gift recipient (DGR) statement in relation Property (Buildings and infrastructure) 3 to 50 years 3 to 50 years Environment, Land, Water and from the Australian Taxation to the employer contributions for Plant, equipment and vehicles (include lease assets) 5 to 20 years 5 to 20 years 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 Intangibles – capitalised software cost 10 years 10 years 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 The amount of any write-down of Intangible assets with finite (ii) Impairment of assets under the provision of the Water income from zoo residences, annuation contributions are made inventories to net realisable value useful lives are amortised as an The carrying amounts of Industry Act 1994. The grant is outgoings recovered from caterers to the plan based on the relevant and all shrinkage of inventory is expense on a straight-line basis, non-current assets, with the provided for the purpose of zoo or miscellaneous items that are rules of the plan. recognised as an expense in the commencing from the time the exception of available-for-sale operation for conservation, one-off income items received in period the write-down or shrinkage asset is available for use. The assets, are assessed annually for recreation, leisure, maintenance the financial year. Sundry income The Board does not recognise any occurs. Any reversal of write-downs amortisation periods are reviewed indications of impairment. If there and tourism. is recognised when the services defined benefit liability in respect of inventories will be recognised and adjusted if appropriate at is an indication of impairment, Government grants are also is rendered, or the charges is of the superannuation plan as a reduction in the amount of each balance date. Intangible the assets concerned are tested received from outside department recoverable from the end users. because the Board has no legal inventories sold during the period assets with indefinite useful lives as to whether their carrying value portfolio such as from the or constructive obligation to pay which the reversal occurs. are not amortised. However, all exceeds their recoverable amount. Department of Education and F. Expenses from transactions future benefits relating to its intangible assets are assessed for Where an asset’s carrying value Training to support education (i) Employee expenses employees; its only obligation (iii) Depreciation and Amortisation impairment annually. exceeds its recoverable amount, programs for schools. Employee benefits include all is to pay superannuation The following are typical estimated the difference is written off by costs related to employment contributions as they fall due. useful lives for the different asset (iv) Interest expense Other grants (other than the above) a charge as an ‘other economic including wages and salaries, The Department of Treasury and classes for current and prior years. Interest expense represents are usually one-off grants from flow’ to the comprehensive leave entitlements, redundancy Finance administers and discloses costs incurred in connection with other partners or Commonwealth All non-current physical assets operating statement except to payments and superannuation the State’s defined benefit borrowings and currently, the Departments for conservation that have a limited useful life are the extent that the write-down can contributions. These are liabilities in its financial report. expense is for interest components or educational purposes. depreciated. Where assets have be debited to the physical asset recognised when incurred. Amounts paid by the employer of finance lease repayments. separate identifiable components revaluation surplus, amount (iv) Interest received are outlined in Note 18. Interest expense is recognised in The amount recognised in the that have distinct useful lives applicable to that class of asset. Interest income includes interest the period in which it is incurred. comprehensive operating (ii) Supplies and services and/or residual values, a separate received on bank and short term The recoverable amount for most statement in respect of super­ Supplies and services generally depreciation rate is determined deposits from the Treasury G. Other economic flows included assets is measured at the higher annuation plans represents the represent the day-to-day running for each component. Depreciation Corporation of Victoria. Interest in the net result of depreciated replacement cost employer’s contributions to the costs, including maintenance costs, is calculated using the straight revenue is recognised on a time (i) Disposal of non-financial assets and fair value less costs to sell. various superannuation funds incurred in the normal operations line method to allocate their cost proportionate basis that takes Any gain or loss on the disposal Recoverable amount for assets during the reporting period. of the zoos. These items are or revalued amounts, net of their into account the effective yield of non-financial assets is held primarily to generate net Employer superannuation expenses recognised as an expense in the residual values, over their on the financial asset. recognised at the date of disposal cash inflows is measured at the in relation to employees who reporting period in which they estimated useful lives, commencing and is determined after deducting higher of the present value of (v) Sponsorship, grants and donations are members of defined benefit are incurred. from the time the asset is held Sponsorship, grants, bequests, from the proceeds the carrying future cash flows expected to be superannuation plan are ready for use. The assets residual donations and contributions from Cost of goods sold is included in value of the asset at that time. obtained from the asset and fair described below. values and useful lives are reviewed, purchases of supplies and services. value less costs to sell. It is deemed Corporate, Trust & Foundation and adjusted if appropriate, at State superannuation defined The cost of goods sold represents that, in the event of the loss of and the general public are each balance sheet date. recognised as income on receipt benefit plan the amount of inventories sold an asset, the future economic during the year from retail activities Land is considered to have an of the funds and there is reasonable Contributions to the State benefits arising from the use of and the cost of food and beverages indefinite life and is not assurance that all the attaching superannuation defined plan the asset will be replaced unless for zoo activities. Cost of goods depreciated. Depreciation is not conditions can be complied with. (Emergency Services and State a specific decision to the contrary sold also include inventory write recognised in respect of land Super (ESSSuper)) are expensed has been made. down, packaging and freight because its service potential when incurred. charges associated with the has not, in any material sense, acquisition of the goods for sale. been consumed during the reporting period.

58 ZOOS VICTORIA ANNUAL REPORT 2015–16 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 (iv) Inventories Fair value is measured or disclosed (including crown land and infra­ Inventories comprised of finished structure assets) that the Board Financial instruments arise out method, less any impairment. to known amounts of cash and in the financial statements are are subject to insignificant risk of goods held either for sale or categorised within the fair value intends to preserve because of of contractual agreements that give Loans and receivables category changes in value. for distribution in the ordinary hierarchy, described as follows, their unique historical, cultural or rise to a financial asset of one entity includes cash and cash equivalent course of business are measured based on the lowest level input heritage attributes, is measured at and a financial liability or equity (refer to Note 1(I)(ii)), trade For the cash flow statement at the lower of cost and net that is significant to the fair value the replacement cost of the asset instrument of another entity. Due to receivables and other receivables, presentation purposes, cash and realisable value. It excludes measurement as a whole: less, where applicable, accumulated the nature of the Board’s activities, but not statutory receivables. cash equivalents includes bank depreciable assets. Cost for depreciation (calculated on the certain financial assets and financial overdrafts, which are included as • Level 1 – Quoted (unadjusted) Financial liabilities at amortised cost inventory is measured on the basis of such cost to reflect the liabilities arise under statute rather current Interest bearing liabilities market prices in active markets Financial instrument liabilities are basis of weighted average cost. already consumed or expired future than a contract. Such financial assets on the balance sheet. for identical assets or liabilities initially recognised on the date they economic benefits of the asset) and financial liabilities do not meet (v) Intangible assets are originated. They are initially (iii) Receivables • Level 2 – Valuation techniques and any accumulated impairment the definition of financial instruments Intangible assets represent measured at fair value plus any Receivables are recognised at for which the lowest level input losses. These policies and any in AASB 132 Financial Instruments: identifiable non-monetary assets directly attributable transaction costs. the fair value, as they are due for that is significant to the fair legislative limitations and restrict­ Presentation. For example, statutory without physical substance. Subsequent to initial recognition, settlement, normally 30 days value measurement is directly ions imposed on their use and/or receivables arising from taxes, fines these financial instruments are from the date of recognition. Intangible assets are initially or indirectly observable; and disposal may impact their fair value. and penalties do not meet the measured at amortised cost with Collectability of receivables recognised at cost. Subsequently, • Level 3 – Valuation techniques for definition of financial instruments as intangible assets with finite useful Specialised land any difference between the initial is reviewed on an ongoing basis. which the lowest level input that they do not arise under contract. recognised amount and the redemption A provision for doubtful debts lives are carried at cost less and specialised buildings is significant to the fair value The market approach is also used However, guarantees issued by the value being recognised in profit and is raised when there is objective accumulated amortisation and measurement is unobservable. for specialised land, although is Treasurer on behalf of the Board will loss over the period of the interest evidence that the debts will n accumulated impairment losses. adjusted for the community be considered financial instruments bearing liability, using the effective ot be collected. Bad debts are Costs incurred subsequent to All non-current physical assets service obligation (CSO) to reflect because, although authorised under interest rate method. written off when identified. initial acquisition are capitalised are measured initially at cost and statute, the terms and conditions for when it is expected that additional subsequently revalued at fair the specialised nature of the land Financial instrument liabilities Receivables consist of: each financial guarantee may vary future economic benefits will flow value less accumulated being valued. Specialised buildings measured at amortised cost include and are subject to an agreement. • Contractual receivables such as, to the Board. Refer to Note1(F)(iii) depreciation and accumulated for the Board means all physical all contractual payables and interest structures, landscaping, infra­ Where relevant, for note disclosure debtors in relation to goods and for information on useful lives impairment losses. bearing arrangements other than services, cheques received not structure (pathways, underground purposes, a distinction is made and amortisation. Non-financial physical assets those designated at fair value bank, accrued interest, workcover facilities for water, power, and between those financial assets and Intangible assets costing $2,000 such as Crown land are measured through profit or loss. premium refund claimed and information system), fences and financial liabilities that meet the and above individually (or forming at fair value with regard to the finance lease receivable. any life support equipment definition of financial instruments I. Financial and non-financial assets part of a network costing more property’s highest and best Contractual receivables are associated with the exhibits. in accordance with AASB 132 and use after due consideration (i) Animal collections than $2,000) are capitalised. those that do not. classified as financial instruments The CSO adjustment is a reflection The zoo animal collection The capitalisation threshold is made for any legal or physical and categorised as receivable of the Valuer’s assessment of the The following refers to financial managed by the Board is reflected of $2,000 has not been changed restrictions imposed on the (refer to Note 22(a)); and impact of restrictions associated instruments unless otherwise stated. in the Board’s accounting records since the 2011–12 financial year. asset, public announcements or • Statutory receivables are mainly commitments made in relation with an asset to the extent that is as one dollar. This is consistent (vi) Property, plant, equipment Categories of non-derivative for Goods and Services Tax (GST) to the intended use of the asset. also equally applicable to market with worldwide zoo industry and vehicles financial instruments input tax credits recoverable. Theoretical opportunities that participants. This approach is in practice. The Board regards the Consistent with AASB 13 Fair Loans and receivables Statutory receivables, are may be available in relation to the light of the highest and best use Loans and receivables are financial animals as part of a regional and Value Measurement, the Board recognised and measured similarly asset are not taken into account consideration required for fair instrument assets with fixed and international collection and not determines the policies and to contractual receivables, but until it is virtually certain that the value measurement, and takes determinable payments that are not the specific property of the procedures for both recurring fair are not classified as financial restrictions will no longer apply. into account the use of the asset quoted on an active market. These holding institution. value measurements such as instruments because they do not Therefore, unless otherwise that is physically possible, legally assets are initially recognised at fair property, plant and equipment, (ii) Cash and cash equivalents rise from a contract. disclosed, the current use of permissible, and financially value plus any directly attributable financial assets and liabilities and Cash and cash equivalents these non-financial physical assets feasible. As adjustments of CSO transaction costs. Subsequent to financial instruments in accordance comprise cash on hand and cash will be their highest and best uses. are considered as significant initial measurement, loans and with the requirements of AASB 13 at bank, deposits at call and The fair value of cultural and unobservable inputs, specialised receivables are measured at amortised and the relevant Financial highly liquid investments with an heritage assets and other land would be classified as Reporting Directions. original maturity of 3 months or non-financial physical assets Level 3 assets.

60 ZOOS VICTORIA ANNUAL REPORT 2015–16 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 Postcode Municipality Locality 2015–16 Category 2014–15 Category specialised buildings, the The finance lease facility is through physical assets Indices 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 3030 Wyndham Derrimut, Point Cook, Werribee Full valuation* Englobo 1.09 Englobo the associated depreciations. in accordance with Financial Other vehicles such as buses, 3052 Melbourne Parkville Full valuation* Englobo 1.20 Englobo As depreciation adjustments Reporting Directions (FRDs) people movers and trucks are held are considered as significant, issued by the Minister for Finance. 3777 Yarra Ranges Healesville, Toolangi Full valuation* Rural 1.01 Rural at fair value which is determined unobservable inputs in nature, A full revaluation normally occurs using the existing depreciated * Full valuation of land was provided by The Valuer-General Victoria. 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 Net revaluation decreases are Valuation of land Fair value is determined in the frequent if fair value assessments under construction (work-in- short lives of the assets concerned. recognised in ‘other economic The valuation is in line with the manner described in Note 22(f). indicate material changes in flows – other comprehensive latest FRD 103F Non-Financial progress) the actual construction (ii) Payables Plant and equipment values. Revaluation increments Physical Assets. For 2014-15, cost is used as the fair value. income’ to the extent that a credit Trade and other payables consist Plant and equipment is held at or decrements arise from land valuations were derived by The specialised buildings will not balance exists in the physical predominantly of creditors and fair value. When plant and differences between carrying multiplying prior year land values be depreciated until the building asset revaluation surplus in respect other sundry liabilities. Payables equipment is specialised in use, value and fair value. of the same class of property, with the current period indices is in full use, which is normally such that it is rarely sold other are initially recognised at fair An independent valuation of the plant and equipment. Otherwise, provided by the Valuer-General when the building is open to the than as part of a going concern, value, then subsequently carried Board’s land and buildings was the net revaluation decreases are Victoria to derive the 2014–15 public at large. fair value is determined as the at amortised cost and represent carried out by the Valuer-General recognised immediately as other valuation. The indices used An independent valuation of original acquisition costs less any liabilities for goods and services Victoria (VGV) for 2015–16. economic flows in the net result. for the 2014–15 valuation are the Board’s specialised land and accumulated depreciation and provided to the Board prior to WT Partnership was appointed The net revaluation decrease outlined below. specialised buildings was accumulated impairment losses. the end of financial year that are to assist VGV to determine the fair recognised in ‘other economic performed by the Valuer General Existing depreciated historical cost (viii) Prepayments unpaid, and arise when the Board value of specialist buildings. The flows – other comprehensive Victoria. The valuation was is generally a reasonable proxy Other nonfinancial assets include becomes obliged to make future basis of valuation is based on the income’ reduces the amount performed using the market for depreciated replacement cost prepayments which represent payments in respect of the depreciated replacement cost accumulated in equity under the approach adjusted for CSO. because of the short lives of the payments in advance of receipt purchase of these goods and of each asset’s remaining future physical asset revaluation surplus. The effective date of the valuation assets concerned. Plant and of goods or services or that part services. Fair value is determined service life and thus approximates is 30 June 2016. equipment costing $2,000 and Revaluation increases and of expenditure made in one in the manner described in Note its fair value. The effective date of above individually (or forming part decreases relating to individual accounting period covering a term 22(f). Payables consist of: Vehicles the valuation was 30 June 2016. assets in a class of property, extending beyond that period. Vehicles are valued using the of a network costing more than • Contractual payables such as, $2,000) are capitalised at the end Net revaluation increases (where plant and equipment, are offset depreciated replacement cost J. Liabilities creditors in relation to goods and the carrying amount of a class against one another in that class method. of the financial year. The services and accruals. Contractual capitalisation threshold of $2,000 of assets is increased as a result but are not offset in respect of (i) Interest bearing liabilities payables are classified as financial The Board acquires new vehicles has not been changed since the of a revaluation) are recognised assets in different classes. The Interest bearing liabilities consist instruments and categorised as and at times disposes of them 2011-12 financial year. in ‘other economic flows – other physical asset revaluation surplus of finance lease facility managed receivable (refer to Note 22(a)); before the end of their economic comprehensive income’, and is not transferred to accumulated through the VicFleet leasing There were no changes in and life. Acquisition is by way of accumulated in equity under the funds on derecognition of the facility and is restricted to vehicle valuation techniques throughout • Statutory payables are mainly a finance lease. The process of physical asset revaluation surplus. relevant asset. acquisitions. The liability is the period to 30 June 2016. for amounts payable to Statutory acquisition mostly for light vehicles, However, the net revaluation measured at amounts equal to Authorities such as the State use and disposal in the market For all assets measured at fair increase is recognised in the net the fair value of the leased asset Revenue Office of Victoria and is managed by experienced fleet value, the current use is considered result to the extent that it reverses or, if lower, at the present value Australian Taxation Office for managers, VicFleet who set the highest and best use. a net revaluation decrease in of minimum lease payments, amounts by legislation. Statutory relevant depreciation rates during respect of the same class of each determined at the inception payables, are recognised and use to reflect the utilisation of property, plant and equipment of the lease. Lease payments are measured similarly to contractual the vehicles. previously recognised as an allocated between the principal payables, but are not classified expense (other economic flows) component of the lease liability as financial instruments because in the net result. and the interest expense. they do not rise from a contract.

62 ZOOS VICTORIA ANNUAL REPORT 2015–16 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 K. Equity M. Commitments P. New and revised Australian Provisions are recognised when the timing of settlement, liabilities LSL (representing less than seven Accounting Standards and Contributions by owners Commitments for future expenditure the Board has present obligations, interpretations for wages and salaries, annual years of continuous service for Additions to net assets which have include operating and capital the future sacrifice of economic leave and sick leave are staff and executives) is disclosed been designated as contributions by commitments arising from contracts. The Zoological Parks and Gardens benefits is probable, and the measured at: as a non-current liability. There is owners are recognised as contributed These commitments are disclosed Board has adopted all of the new and amount of the provision can be an unconditional right to defer • nominal value – if the Board capital. Other transfers that are in the by way of a note (refer to Note 14 revised Accounting Standards and measured reliably. expects to wholly settle within the settlement of the entitlement nature of contributions or distributions Commitments for expenditure) at their Interpretations issued by the Australian The amount recognised as 12 months; or until the employee has completed have also been designated as nominal value and inclusive of the Accounting Standards Board (AASB ) a provision is the best estimate the requisite years of service. contributions by owners. GST payable. These future expend­ that are relevant to its operations • present value – if the Board does of the consideration required itures cease to be disclosed as not expect to wholly settle within Consideration is given to expected and effective for annual reporting to settle the present obligation at L. Goods and Services Tax (GST) commitments once the related liabilities 12 months. future wage and salary levels, from 1 July 2015. reporting date, taking into account are recognised in the balance sheet. experience of employee departures Income, expenses and assets are Management has given due the risks and uncertainties Long service leave (LSL) and periods of service. Expected recognised net of the amount of Operating lease payments are consideration to new and revised surrounding the obligation. Liability for long service leave future payments are discounted associated GST, unless the GST recognised as an expense on standards and interpretations issued Where a provision is measured (LSL) is recognised in the provision using interest rates on national incurred is not recoverable from the a straight-line basis over the lease by the AASB that are not yet effective using the cash flows estimated for employee benefits. Government guaranteed taxation authority. In this case it is term, except where another systematic and are not aware of any material to settle the present obligations, Current Liability – Unconditional securities with terms to maturity recognised as part of the cost of basis is more representative of the financial impact on the financial its carrying amount is the present LSL (representing seven or more that match, as closely as possible, acquisition of the asset or as part time pattern of the benefits derived statements. value of those cash flows, using years of continuous service for the estimated future cash outflows. of the expense. from the use of the leased asset. discount rate that reflects the staff and executives) is disclosed As at 30 June 2016, the following Any gain or loss following Receivables and payables are stated Operating lease payments are time value for money and risks as a current liability even where AASs have been issued by the revaluation of the present value inclusive of the amount of GST associated with photocopier leases. specific to the provision. When the Board does not expect to AASB but not yet effective. of non-current LSL liability is receivable or payable. The net amount some or all of the economic settle the liability within 12 N. Contingent assets and They become effective for the first recognised in the ‘net result from of GST recoverable from, or payable benefits required to settle months because it will not have contingent liabilities financial statements for reporting transactions’, except to the extent to, the taxation authority is included a provision are expected to be an unconditional right to defer periods commencing after the stated that a gain or loss arises due with other receivables or payables Contingent assets and contingent received from a third party, the the settlement of the entitlement operative dates are outlined in to changes in bond interest rates in the balance sheet. liabilities are not recognised in the receivable is recognised as an the following table. should the employee take leave for which it is then recognised balance sheet, but are disclosed asset if it is virtually certain that Cash flows are presented on within 12 months. in the net result as ‘an other by way of a note (refer to Note 15 recovery will be received and a gross basis. The GST components The components of this current economic flow’. Contingent assets and contingent the amount of the receivable can of cash flows arising from investing LSL liability are measured at: liabilities) and, if quantifiable, are be measured reliably. Employee benefits on-costs or financing activities which are measured at nominal value. Contingent • nominal value – if the Board Employee benefit on-costs, recoverable from, or payable to the Annual leave assets and liabilities are presented expects to wholly settle within including superannuation, workers taxation authority, are presented as Liabilities for annual leave are inclusive of GST receivable or 12 months; and compensation and payroll tax operating cash flow. all recognised in the provision for are recognised and included in payable respectively. employee benefits as ‘current • present value – if the Board does employee benefit liabilities and liabilities’, because the Board not expect to wholly settle within O. Rounding of amounts costs when the employee benefits does not have an unconditional 12 months. to which they relate are Amounts in the financial statements right to defer settlements of recognised as liabilities. Refer to have been rounded to the nearest these liabilities. Note 10 for details. thousand dollars, unless otherwise stated. Figures in the financial statements may not equate due to rounding.

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

AASB 9 The key changes include the 1 Jan 2018 The assessment has identified that the financial AASB 16 Leases The key changes introduced by 1 Jan 2019 The assessment has indicated that as most operating Financial simplified requirements for the impact of available for sale (AFS) assets will now be AASB 16 include the leases will come on balance sheet, recognition of lease Instruments classification and measurement reported through other comprehensive income (OCI) recognition of most operating assets and lease liabilities will cause net debt to increase. of financial assets, a new hedging and no longer recycled to the profit and loss. leases (which are current not Depreciation of lease assets and interest on lease accounting model and a revised recognised) on balance sheet. While the preliminary assessment has not identified liabilities will be recognised in the income statement impairment loss model to any material impact arising from AASB 9, it will with marginal impact on the operating surplus. recognise impairment losses continue to be monitored and assessed. earlier, as opposed to the current The amounts of cash paid for the principal portion of approach that recognises the lease liability will be presented within financing impairment only when incurred. activities and the amounts paid for the interest portion will be presented within operating activities in the AASB 15 The core principle of AASB 15 1 Jan 2018 The changes in revenue recognition requirements in cash flow statement. Revenue from requires an entity to recognise AASB 15 may result in changes to the timing and No change for lessors. 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 AASB 2016-4 The standard amends 1 Jan 2017 The assessment has indicated that there is minimal obligation by transferring on service revenue and contract modifications. Amendments to AASB 136 Impairment of impact. Given the specialised nature and restrictions a promised good or service A potential impact will be the upfront recognition of Australian Accounting Assets to remove references of public sector assets, the existing use is presumed to a customer. revenue from licenses that cover multiple reporting Standards – to using depreciated to be the highest and best use (HBU), hence current periods. Revenue that was deferred and amortised Recoverable Amount replacement cost (DRC) as replacement cost under AASB 13 Fair Value over a period may now need to be recognised of Non-Cash- a measure of value in use for Measurement is the same as the depreciated immediately as a transitional adjustment against the Generating Specialised not-for-profit entities. replacement cost concept under AASB 136. opening returned earnings if there are no former Assets of Not-for- performance obligations outstanding. Profit Entities It is unlikely that the application of this standard will be applicable to the Board. 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 AASB 2015–8 This Standard defers the 1 Jan 2018 This amending standard will defer the application changes that are expected to have insignificant impacts on public sector reporting. 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. AASB 1057 Application of Australian Accounting Standards Date of AASB 15 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

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

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

(a) Income from rendering of services and sale of goods (a) Employee expenses Sale of goods 7,162 6,845 Salary and wages 37,329 35,221 Rendering of services 48,468 45,330 Superannuation 3,314 3,138

Total income from rendering of services and sale of goods 55,630 52,175 Payroll tax 1,888 1,816 Workcover 485 800 (b) Government and other grants Movements in annual leave and long service leave provisions 309 217 Within portfolio department 20,460 18,943 Total employee expenses 43,325 41,192 Outside portfolio department 837 1,109 Others 279 440 (b) Supplies and services

Total government and other grants 21,576 20,492 Administration 5,112 4,595 Animal food and veterinary 1,554 1,531 (c) Other income Bank fees and cash collection charges 450 440 Sponsorship, grants and donations 2,937 4,001 Cost of goods sold 4,899 4,628 Interest received 835 772 Information technology 1,075 1,016 Sundry 2,137 1,200 Maintenance 7,245 6,342 Total other income 5,909 5,973 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

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

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

(a) Net gain/(loss) on non financial assets Non-current

Net gain/(loss) on disposal of physical assets 60 (58) Gross carrying amount Total net gain/(loss) on non-financial assets 60 (58) Opening balance 830 803 Additions 172 27 (b) Net gain/(loss) on financial assets Closing balance 1,002 830 Net gain/(loss) arising from revaluation of long service liability due to changes (340) (155) in bond rates Accumulated amortisation Total Net gain/(loss) on financial assets (340) (155) Opening balance (565) (483) Total Other economic flows included in net result (280) (213) Amortisation expense (88) (82)

Closing balance (653) (565) Note 5 – Receivables Net book value at the end of the financial year 349 265

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 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 c. Fair value measurement hierarchy

NON-CURRENT Gross carrying Accumulated Net carrying Fair value measurement at the end of the amount depreciation amount Net Carrying reporting period using (refer Note 1(i)(vi)) Amount Details 2016 2015 2016 2015 2016 2015 Level 1 Level 2 Level 3 $’000 $’000 $’000 $’000 $’000 $’000 Details 2016 2015 2016 2015 2016 2015 2016 2015 $’000 $’000 $’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 Specialised Land 117,139 112,130 – – – – 117,139 112,130 Plant, equipment and vehicles 16,836 15,116 (6,812) (5,541) 10,024 9,575 Specialised Property 195,718 128,195 – – – – 195,718 128,195 at fair value Plant and equipment and vehicles 10,024 9,575 – – – – 10,024 9,575 Work in progress at cost 5,165 1,251 – – 5,165 1,251 Net carrying amount 322,881 249,900 – – – – 322,881 249,900 Total 334,862 280,775 (6,186) (29,624) 328,046 251,151 There have been no transfer between levels during the period.

b. Movements in carrying amounts d. Fair value measurement hierarchy and description of unobservable inputs to Level 3 valuations NON-CURRENT Plant, equipment, Land at Property at Work-in progress and vehicles Total Significant unobservable fair value fair value at cost Valuation Technique at fair value inputs and range

Details 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 Details 2016 2015 2016 2015 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Specialised Land Market approach Market approach Community Service Community Service Opening balance 112,130 94,825 128,195 124,883 9,575 9,623 1,251 2,838 251,151 232,169 Obligation (CSO) Obligation (CSO) adjustment at 60% adjustment ranging Revaluation 5,009 17,305 68,367 – – – – – 73,376 17,305 (refer Note (1)(vi)) to from 45% to 60% Transfer In/(Out) – – 3,334 7,145 – – (3,334) (7,145) – – reduce the market (refer Note (1)(vi)) to Additions – – 2,207 2,544 2,082 1,450 7,248 5,558 11,538 9,552 approach for the Board’s reduce the market Disposal – – (16) (11) (126) (93) – – (142) (104) specialised land approach for the Board’s specialised land. Depreciation – – (6,369) (6,366) (1,507) (1,405) – – (7,877) (7,771) expense Specialised Property Depreciated Depreciated Cost per metre square Cost per metre square replacement cost replacement cost and useful life of and useful life of Net carrying 117,139 112,130 195,718 128,195 10,024 9,575 5,165 1,251 328,046 251,151 specialised buildings specialised buildings amount Plant and equipment Depreciated at cost Depreciated at cost Cost per unit and Cost per unit and The methodology of the valuation is outlined in Note 1(I)(vii). and vehicles useful life of the asset useful life of the asset

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

Plant and Land Property 2016 2015 Details Equipment and Total Specialised Specialised $’000 $’000 Vehicles

2016 2015 2016 2015 2016 2015 2016 2015 Current $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Finance lease obligations secured by assets leased 215 217

Opening balance 112,130 94,825 128,195 124,883 9,575 9,623 249,900 229,331 Total current Interest bearing liabilities 215 217 Additions and transfers – – 5,541 9,689 2,083 1,450 7,624 11,139 Non-current from work-in-progress Finance lease obligations secured by assets leased 499 404 Disposal – – (16) (11) (126) (93) (142) (104) Total non-current Interest bearing liabilities 499 404 Gains or losses Total Interest bearing liabilities 714 621 recognised in net result Depreciations – – (6,369) (6,366) (1,508) (1,405) (7,877) (7,771) 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. Gains or losses recognised in other economic flows – other comprehensive income Finance Lease (VicFleet Facility) Minimum future lease Present value of Revaluation 5,009 17,305 68,367 – – – 73,376 17,305 payments minimum future lease payments Closing balance 117,139 112,130 195,718 128,195 10,024 9,575 322,881 249,900 2016 2015 2016 2015 $’000 $’000 $’000 $’000 f. Impairment of assets There were no indications of any impairment of property, plant and equipment or vehicles at 30 June 2015. 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

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

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

Current Current provisions Contractual Annual Leave Trade payables 2,691 2,874 – Unconditional and expected to settle wholly within 12 months 2,790 2,686 Other payables 949 1,236 – Unconditional and expected to settle wholly after 12 months 483 651

Total Contractual 3,640 4,110 Long Service Leave – Unconditional and expected to settle wholly within 12 months 633 561 Statutory – Unconditional and expected to settle wholly after 12 months 4,470 3,855 Fringe Benefit Tax, Payroll Tax, Superannuation 1,447 299 8,376 7,753 Total Statutory 1,447 299

Total Payables 5,087 4,409 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

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

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

(a) Reconciliation of cash and cash equivalents Balance at the beginning of the financial year 120,623 120,623 Cash on hand and at bank 37,974 31,107 Contributed capital by owners 5,875 –

Total cash and cash equivalents 37,974 31,107 Balance at the end of the financial year 126,498 120,623

(b) Reconciliation of net result for the period to net cash flows from operating activities Note 13 – Physical asset revaluation surplus Net result 4,390 4,588

Non-cash movements: 2016 2015 $’000 $’000 Depreciation and amortisation of non-current assets 7,965 7,852 Goods-in-kind contributions – (400) Balance at the beginning of the financial year 144,668 127,363 (Gain)/loss on sale or disposal of non-financial assets (60) 58 Revaluation increments/(decrements) 73,376 17,305 Movements in assets and liabilities: Balance at the end of the financial year 218,044 144,668 (Increase)/decrease in inventories (84) 151 (Increase)/decrease in receivables (960) (67) (Increase)/decrease in prepayments (262) (7) Note 14 – Commitments for expenditure (Decrease)/increase in payables (21) 125 The following commitments have not been recognised as liabilities in the financial statements. (Decrease)/increase in provisions 739 372 2016 2015 Net cash flows from/(used in) operating activities 11,707 12,672 $’000 $’000

(c) Non-cash financing and investing activities (a) Capital expenditure commitments Additions to vehicles under finance leases during the financial year 350 204 Payable within 1 year 3,273 206

Total additions to vehicles under finance lease 350 204 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).

78 ZOOS VICTORIA ANNUAL REPORT 2015–16 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 Note 19 – Responsible persons Remuneration bands In accordance with the Ministerial Directions issued by the Minister for Finance of responsible persons 2016 2015 under the Financial Management Act 1994, the following disclosures are made $’000 $’000 No of persons regarding responsible persons for the reporting period. Victorian Auditor-General’s office 35 34 2016 2015 Responsible Minister Total auditor’s remuneration 35 34 $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 Note 17 – Subsequent events Climate Change and Water $300,000 to $309,999 1 1 There are no matters or circumstances that have arisen since the end of the financial The Hon Liliana (Lily) D’Ambrosio, MP 23 May 2016 to 30 Jun 2016 year that have significantly affected or may significantly affect the operations of the Minister for Energy, Environment Total number of persons 12 11 Zoological Parks and Gardens Board, the results of those operations or the state of and Climate Change affairs of the Zoological Parks and Gardens Board in future financial years. Members of the Board Remuneration Note 18 – Superannuation Anne Dorothy Fraser Ward 1 Jul 2015 to 30 Jun 2016 Chair Total remuneration Employees of the Board are entitled to receive superannuation benefits and the received, due and receivable Board contributes to various superannuation funds during the year. Helen Lynette Thornton 1 Jul 2015 to 30 Sep 2015 by responsible persons However, superannuation contributions paid or payable for the reporting period Deputy Chair* * 1 Oct 2015 to 30 Jun 2016 2016 2015 are included as part of employee benefits in the comprehensive operating statement Kenneth William Hinchcliff 1 Jul 2015 to 30 Jun 2016 $’000 $’000 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: Geoffrey Charles Wescott 1 Jul 2015 to 30 Jun 2016 418 382 Natasha Rose Bowness 1 Jul 2015 to 30 Jun 2016 Contributions Contributions Sahil Suleman Merchant 1 Jul 2015 to 30 Jun 2016 outstanding at the end of for the year Related party transactions of the year Carolyn Jackson 1 Jul 2015 to 30 Jun 2016 responsible persons 2016 2015 2016 2015 Kirsten Anne Sword 1 Oct 2015 to 30 Jun 2016 Other related party transactions requiring disclosure under the Directions of the ESS Super (define benefit fund) Refer to Note 1(F)(i). 254 305 33 – Brian Carlyle Cook 1 Oct 2015 to 30 Jun 2016 Minister for Finance have been considered VicSuper 2,292 2,200 245 – Jon Meredith Hickman 1 Jul 2015 to 30 Sep 2015 and there are no matters to report. Others 325 622 165 11 Deputy Chair

Total 2,871 3,127 443 11 Mark William Powell 1 Jul 2015 to 30 Sep 2015

Chief Executive Officer

Jenny Gray

80 ZOOS VICTORIA ANNUAL REPORT 2015–16 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 Note 21 – Ex-gratia payments to other personnel 2016 2015 a. Remuneration of executives $’000 $’000 The numbers of executive officers, and their total remuneration during the reporting Forgiveness or wavier of debt greater than $5,000 – – 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 Property damage – – columns. Base remuneration is exclusive of bonus payments, long-service leave Others – – payments, redundancy payments and retirement benefits. The total annualised Total ex-gratia payments – – 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. Note 22 – Financial instruments

a. Categorisation of financial instruments

Remuneration bands Total remuneration Base remuneration 2016 2015 2016 2015 2016 2015 $’000 $’000

$90,000 to $99,999 0 0 0 1 Financial assets $100,000 to $109,999 0 1 0 0 Cash and cash equivalents 37,974 31,107 $140,000 to $149,999 1 0 1 0 Receivables at amortised cost excluding statutory amount 1,684 752

$180,000 to $189,999 1 0 1 3 Total financial assets 39,658 31,859

$190,000 to $199,999 0 3 3 2 Financial Liabilities $200,000 to $209,999 3 2 2 1 Interest bearing liabilities 714 621 $210,000 to $219,999 2 1 1 0 Payables at amortised cost excluding statutory amount 3,640 4,110

$220,000 to $229,999 1 0 0 0 Total financial liabilities 4,354 4,731

$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.

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b. Financial risk c. Liquidity risks d. Credit risk Sensitivity disclosure analysis f. Fair value g. Significant terms and conditions management objectives Taking into account past performance, Liquidity risk is the risk that the The Board’s maximum exposure to The fair value and net fair values of future expectations, economic Financial assets The Board’s principal financial Board would be unable to meet its credit risk at balance date for each financial instrument assets and forecasts, and management’s Receivables are carried at the nominal instruments comprise finance leases financial obligations as and when class of recognised financial assets is liabilities are determined as follows: knowledge and experience of the amounts due less any allowance for and cash and short-term deposits. they fall due. The Board operates the carrying amount of those assets financial markets, the Board believes Level 1 – the fair value of financial doubtful debts, when there is objective The main purpose of these financial under the Government fair payments as disclosed in the balance sheet. The the following movements are instrument with standard terms and evidence that the receivable amount is instruments is to finance the policy of settling financial obligations Board minimises concentrations of ‘reasonably possible’ over the next conditions and traded in active liquid impaired. Credit sales are normally on acquisition of capital assets and the within 30 days and in the event of credit risk by undertaking transactions 12 months: market are determined with reference 7 to 30 day terms. day-to-day operations. The Board has a dispute, making payments within with a large number of customers to quoted market prices. other financial assets and liabilities 30 days from the date of resolution. and counter parties. For tour groups • A parallel shift of +1 per cent and Interest-bearing deposits are carried –1 per cent in market interest rates Level 2 – the fair value is determined such as trade receivables and trade The Board’s maximum exposure to who wish to trade on credit terms at the lower of cost and net realisable (AUD) from year-end weighted using inputs other than quoted prices payables, which arise directly from liquidity risk is the carrying amounts are subject to credit verification. value. Interest revenue is brought into average rates of 2.21 per cent that are observable for the financial its operations. It is the Board’s policy of financial liabilities as disclosed in In addition, receivable balances are account as it is earned. All interest- (2.56 per cent – 2014–15). asset or liability, either directly or that no trading in financial instruments, the face of the balance sheet. There monitored on an ongoing basis with bearing deposits have a maturity of less indirectly; and including derivative financial are no financial guarantees given the result that the Board’s exposure The Table shown in Note 22(j) discloses than 180 days. instruments, shall be undertaken. by the Board. to bad debts is not significant. the impact on net operating result Level 3 – the fair value is determined The main risks arising from the Financial Liabilities The Board is not materially exposed and equity for each category in accordance with generally accepted Board’s financial instruments are The Board manages its liquidity Payables are recognised for future to any customer or counter party. of financial instrument held by the pricing models based on discounted risk by: amounts to be paid in respect of goods liquidity risks, interest rate risk and Board at year-end as presented cash flow analysis using unobservable and services received, whether or not credit risk. The policies for managing • close monitoring of its monthly e. Market risk exposure to key management personnel, if market inputs. these risks are discussed in more cash flows, monthly reviews of billed to the Board. Settlement of The Board’s exposures to market risk the above movements were to occur. The Board currently holds a range detail below. its financial position and where creditors is normally within a 30-day is primarily through interest rate of financial instruments that are required take any corrective actions; term. risks. The processes used to manage recorded in the financial statements • maintaining an adequate level of each of these risks are disclosed in where the carrying amounts are a Interest bearing liabilities are carried at uncommitted funds that can be the paragraphs below. reasonable approximation of fair amortised costs. Interest is charged as drawn at short notice to meet its value, either due to their short term an expense as it is incurred. All loans short term obligations; Interest rate risk nature or with the expectation that are secured by way of a charge over • holding investments and other Exposure to interest rate risk is they will be paid in full in accordance VicFleet’s assets. contractual financial assets that are insignificant. Minimisation of risk is with the agreed terms and conditions readily tradeable in the financial achieved by mainly undertaking fixed of the financial instruments. markets and investing its cash rate or non-interest bearing financial through secured and approved instruments. The financial instruments include: institution such as the Treasury Financial assets Corporation of Victoria; and Cash and deposits • careful maturity planning of its Receivables financial obligations based on • Sale of goods and services forecasts of future cash flows. • Accrued investment income The Board’s exposure to liquidity Financial liabilities risk is deemed insignificant based Payables on prior periods’ data and current • For supplies and services assessment of risk. Cash for • Interest bearing liabilities unexpected events is generally (finance lease) sourced from liquidation of our deposit held with the Treasury Corporation of Victoria.

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

Interest rate exposure Maturity dates

Weighted average Greater than 1 but Greater than 3 but Carrying Fixed Variable interest Non-interest Details Carrying Amount Less than 1 year Details effective interest less than 3 years less than 5 years Amount interest rate rate bearing rate 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 % % $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Cash and deposits: Cash and deposits: Cash and cash equivalents 37,974 31,107 37,974 31,107 – – – – Cash and cash 2.21 2.56 37,974 31,107 – – 36,689 30,309 1,285 798 equivalents Receivables: Receivables: Receivables at amortised cost 1,684 752 1,684 752 – – – – Receivables at 1,684 752 – – – – 1,684 752 excluding statutory amount amortised cost 39,658 31,859 39,658 31,859 – – – – excluding statutory amount. Interest bearing liabilities: 39,658 31,859 – – 36,689 30,309 2,969 1,550 Finance lease liabilities 714 621 215 217 499 404 – –

Interest bearing Payables at amortised cost 3,640 4,110 3,640 4,110 – – – – liabilities: excluding statutory amount Finance lease liabilities 4.94 6.00 714 621 714 621 – – – – 4,354 4,731 3,855 4,327 499 404 – – payables

Payables at amortised 3,640 4,110 – – – – 3,640 4,110 cost excluding j. Market rate exposure of financial instruments statutory amount Interest rate risk 4,354 4,731 714 621 – – 3,640 4,110 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)

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Note 23 – Glossary of terms Employee benefits expenses Financial liability Financial instrument Grants Net acquisition of nonfinancial assets Employee benefits expenses include all A financial liability is any liability that is: A financial instrument is any contract Grants can be paid as general purpose (from transactions) AASB costs related to employment including that gives rise to a financial asset of one grants which refer to grants that are not Purchases (and other acquisitions) Accounting Standards issued by the (a) A contractual or statutory obligation: wages and salaries, leave entitlements, entity and a financial liability or equity subject to conditions regarding their of nonfinancial assets less sales Australian Accounting Standards Board (i) To deliver cash or another redundancy payments and financial asset to another entity; instrument of another entity. Financial use. Alternatively, they may be paid as (or disposals) of nonfinancial assets less Amortisation superannuation contributions. or assets or liabilities that are not contractual specific purpose grants which are paid depreciation plus changes in inventories Amortisation is the expense which results (such as statutory receivables or payables for a particular purpose and/or have and other movements in nonfinancial 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 that arise as a result of statutory conditions attached regarding their use. assets. Includes only those increases over time of a non-produced physical or entity under conditions that are requirements imposed by governments) Grants could be provided to communities, or decreases in nonfinancial assets intangible asset. This expense is (a) cash; potentially unfavourable to the are not financial instruments. Australian and International partners to resulting from transactions and therefore classified as another economic flow. mitigate threats to wildlife, develop excludes writeoffs, impairment (b) an equity instrument of another entity; or Financial statements Comprehensive result entity; A complete set of financial statements sustainable livelihoods and foster writedowns and revaluations. (b) A contract that will or may be community and government support for The net result of all items of income and (c) a contractual right: comprises: Net result settled in the entity’s own equity conservation. The grants are provided expense recognised for the period. It is • to receive cash or another financial Net result is a measure of financial instruments and is: (a) a statement of financial position to support Zoos Victoria’s Fighting the aggregate of operating result and asset from another entity; or performance of the operations for the (i) A non-derivative for which the as at the end of the period; Extinction commitment, to secure and other comprehensive income. • to exchange financial assets or period. It is the net result of items of entity is or may be obliged to (b) a statement of profit or loss and recover species at risk of extinction Commitments financial liabilities with another revenue, gains and expenses (including deliver a variable number of the other comprehensive income for before it is too late. Commitments include those operating, entity under conditions that are entity’s own equity instruments; the period; losses) recognised for the period, capital and other outsourcing commit­ potentially favourable to the or (c) a statement of changes in equity Intangible assets excluding those that are classified as Intangible assets represent identifiable ments arising from non-cancellable entity; or (ii) A derivative that will or may for the period; ‘other nonowner changes in equity’. nonmonetary assets without physical contractual or statutory sources. (d) a contract that will or may be be settled other than by the (d) a statement of cash flows for Net result from transactions/ substance. Depreciation settled in the entity’s own equity exchange of a fixed amount of the period; net operating balance Depreciation is an expense that arises instruments and is: cash or another financial asset (e) notes, comprising a summary of Interest expense Net result from transactions or net from the consumption through wear or • a nonderivative for which the entity for a fixed number of the entity’s significant accounting policies and Costs incurred in connection with the operating balance is a key fiscal time of a produced physical or intangible is or may be obliged to receive own equity instruments. For this other explanatory information; borrowing of funds Interest expenses aggregate and is revenue from asset. This expense is classified as a variable number of the entity’s purpose the entity’s own equity (f) comparative information in include interest on bank overdrafts transactions minus expenses from a ‘transaction’ and so reduces the ‘net own equity instruments; or instruments do not include respect of the preceding period and short-term and long-term Interest transactions. It is a summary measure result from transaction’. • a derivative that will or may be instruments that are themselves as specified in paragraphs 38 of bearing liabilities, amortisation of the ongoing sustainability of settled other than by the exchange contracts for the future receipt AASB 101 Presentation of Financial of discounts or premiums relating to operations. It excludes gains and losses of a fixed amount of cash or another or delivery of the entity’s own Statements; and Interest bearing liabilities, interest resulting from changes in price levels financial asset for a fixed number of equity instruments. (g) a statement of financial position as component of finance leases repayments, and other changes in the volume of the entity’s own equity instruments. 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.

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

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 Other economic flows included Payables Transactions FRD 22G Nature and range of services provided 7 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 FRD 22G Key Performance Indicators 34 result are changes in the volume or interest payable. policy decisions, usually an interaction FRD 22G Summary of the financial results 36 value of an asset or liability that do not between two entities by mutual Prepayments FRD 22G Major changes or factors affecting performance 42 result from transactions. It includes: Prepayments which represent payments agreement. They also include flows • gains and losses from disposals, FRD 22G Subsequent events 42 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 FRD 22G Significant changes in financial position during the year 42 of non-financial physical and accounting period covering a term acting as the owner of the depreciating intangible assets; FRD 22G & SD2.2(f) Organisational structure 32 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 FRD 22G Occupational health and safety policy 28 instruments and agricultural regarded as mutually agreed interactions the balance sheet. FRD 22G Employment and conduct principles 33 assets; and between the government and taxpayers. • depletion of natural assets Receivables Transactions can be in kind (e.g. assets FRD 29A & 22G Workforce Data disclosures 33 Includes short and long term trade (non-produced) from their use provided/given free of charge or FRD21B Executive Officer disclosures 82 or removal credit and accounts receivable, grants, for nominal consideration) or where FRD 10 Disclosure index 91 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 FRD 25B Victorian Industry Participation Policy disclosures 44 other comprehensive income Other economic flows – other Sales of goods and services policy decisions of the government. FRD 22G Details of consultancies in excess of $10 000 42 comprehensive income comprises items Refers to revenue from the direct FRD 22G Details of consultancies under $10 000 42 (including reclassification adjustments) provision of goods and services and that are not recognised in net result as includes fees and charges for services FRD 22G Disclosure of government advertising expenditure 44 rendered, sales of goods and services, required or permitted by other Australian FRD 12A Disclosure of major contracts 42 Accounting Standards. fees from regulatory services, work done as an agent for private enterprises. FRD 22G Application and operation of 42 The components of other economic It also includes rental income under Freedom of Information Act 1982 flows – other comprehensive income operating leases and on produced assets FRD 22G Compliance with Building Act 1993 44 include: such as buildings and entertainment, • changes in physical asset revaluation FRD 22G Statement on National Competition Policy 42 but excludes rent income from the use surplus; of nonproduced assets such as land. FRD 22G Application and operation of 43 • share of net movement in revaluation User charges includes sale of goods and Protected Disclosures Act 2012 surplus of associates and joint services revenue. FRD 22G Summary of environmental performance 31 ventures; and • gains and losses on remeasuring Supplies and services FRD 22G Statement of availability of other information 44 available for sale financial assets; Supplies and services generally represent cost of goods sold and the SD 4.5.5 Risk management compliance attestation 41 daytoday running costs, including MRO Compliance with VicData access policy 44 maintenance costs, incurred in the PC 2012/02 Gifts, benefits and hospitality attestation 41 normal operations of the Board. 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

90 ZOOS VICTORIA ANNUAL REPORT 2015–16 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