2011
$
2010
$
14. Available-for-Sale Reserve
Balance at beginning of financial year
Valuation (loss)/gain
Balance at end of financial year
1,109,374
(631,615) 1,049,451
59,923
477,759 1,109,374
The Available-for-Sale Reserve arises on the revaluation of available-for-sale financial assets. Where a revalued
financial asset is sold that portion of the reserve which relates to that financial asset, and is effectively realised,
is recognised in profit or loss. Where a revalued financial asset is impaired that portion of the reserve which relates to
that financial asset is recognised in profit or loss.
15. Commitments for expenditure
Operating Leases
Leasing arrangements
Operating leases relate to centre facilities and to centre computer equipment. The company does not have an
option to purchase the leased assets at the expiry of the lease period.
Non-cancellable operating lease payments
Not longer than 1 year
Longer than 1 year and not longer than 5 years
Longer than 5 years
2011
$ 2010
$
722,418
764,215
- 834,423
715,438
11
1,486,633 1,549,872
2011
$ 2010
$
191,291
5,000 191,291
5,000
196,291 196,291
16. Contingent Liabilities
Bank Guarantee 22 October 1998 to Commonwealth
Bank Guarantee 31 January 1995 to Sydney City Council
Continues...
116th Annual Report 2011
35