VALUATIONS: Land and Building Market value for both the property in Woolloomooloo, Sydney and the property in Parramatta are as per the valuations carried out by Advanced Valuations dated 30 June 2004. The valuation of the property in Woolloomooloo was carried out by Rory Gray, (Registered Valuer No. 361). With the valuation of the Parramatta property carried out by Tim Miles, (Registered Valuer No. 6580). As the Council regards itself as a not for profit organisation and the service potential of non-current assets is not related to their ability to generate net cash inflows, a recoverable amounts test is not required to be performed on the carrying value of the non-current assets. Office Furniture and Equipment, Leasehold Improvements The written down value of leasehold improvements and office furniture and equipment in the opinion of the Council is a reasonable and fair estimate of the market value.
8. PROVISION FOR EMPLOYEE BENEFITS Opening Provision Payments Balance
Current Liability Annual Leave Long Service Leave
Non-Current Liability Long Service Leave Defined Benefits Superannuation
2004 2004 Opening Provision Payments Balance
Defined Benefits Superannuation
All staff entitled to benefits from the defined benefits superannuation scheme were transferred to the Cancer Institute NSW during the year, reducing the NSW Cancer Council's liability to Nil.
NSW CANCER COUNCIL · ANNUAL REPORT 2003/04
Cancer Council NSW Annual Report 2003-2004