Animation: hierarchic linking?

[Skaven252]

I tried making a quick Flash animation with Xara (see the attachment), but as you can see, the eyes' irises are not linked to the head, so they move from one frame to the next in a linear fashion.

Does Flash have a way to hierarchically link objects together, so that when a parent object moves/rotates, the child objects move/rotate with it (and can then move in relation to the parent object)?

If Flash does, has it been considered for Xara? (I ask this despite being fully aware that Xara is primarily intended for illustration, not animation)