Heritage's investment portfolio (excluding investments
held in the Midlands Conservation Fund) to generate
income to assist with reserve management costs.
The fundraising campaign for each new land
acquisition aims to raise funds in addition to the
purchase price to create an endowment to help
cover future management costs.
General Reserve was established. The balance of
this reserve represents the accumulated supporter
contributions and other earnings that Bush Heritage
Australia has received since inception and which have
been applied to the acquisition of land and other capital
assets for conservation purposes. The relevant amount
has been transferred from Retained Earnings to this
newly established reserve in order to reflect the past
application of these funds to our conservation purposes.
represents funds received by Bush Heritage Australia
that are tied by agreement with the donor or
contributor to specific future conservation-related
purposes and which remain unspent as at the date
of these financial statements.
will be investment assets that have been directly gifted to
Bush Heritage that may be outside the overall investment
strategy that is otherwise adopted. Investments held in
the Midlands Conservation Fund are directly overseen
by the Midlands Conservation Fund Board of Directors
and as at 31 March 2013 are entirely held in term
deposits placed with Australian banks.
is held separately within MCF Ltd as a capital fund,
the earnings from which are to provide for annual
stewardship payments to landholders for long-term
protection and management of the Tasmanian Midlands.
records net movements in the investment portfolio
arising from ongoing revaluations of the portfolio
assets to market values.
2012 $'000