BERRY STREET VICTORIA INC . ABN 24 719 196 762 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2010
NOTE 17 : KEY MANAGEMENT PERSONNEL COMPENSATION Short-term benefits
Long-term benefits
Salary and fees $
Superannuation contribution $
Long service leave $
2010 |
|
|
|
|
Total compensation |
518,157 |
51,031 |
176,072 |
745,260 |
2009 |
|
|
|
|
Total compensation |
503,794 |
49,615 |
154,665 |
708,074 |
Total $
NOTE 18 : CONTINGENT LIABILITY
Included in Land and Buildings are three residential properties which were purchased in prior years with grants from the Department of Human Services , totaling 50 % of the original purchase prices . A liability exists to pay the Department 50 % of the net proceeds of sale when realised . Based on the current valuations of those properties , it is estimated that a contingent liability exists for $ 937,500 , in the event of sale .
NOTE 19 : RELATED PARTY TRANSACTIONS
Transactions between related parties are on normal commercial terms and conditions no more favourable than those available to other persons unless otherwise stated .
( a ) Board member Dr Neil Coventry is a Director of Austin CAMHS . Austin CAMHS has provided consultancy services to the value of $ 36,000 .
( b ) Berry Street Victoria is in partnership with the Austin CAMHS , Mindful and LaTrobe University to deliver the statewide Take Two Program .
( c ) Board member Kate Jenkins is a partner of Freehills which from time to time provides pro-bono work to Berry Street Victoria .
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