AUSTRALIAN WOUND MANAGEMENT ASSOCIATION INCORPORATED FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2012

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "AUSTRALIAN WOUND MANAGEMENT ASSOCIATION INCORPORATED FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2012"

Transcription

1 AUSTRALIAN WOUND MANAGEMENT ASSOCIATION INCORPORATED FINANCIAL REPORT

2 CONTENTS Page No. Committee's Report 2 Income Statement 3 Balance Sheet 4 Statement of Recognised Income and Expense 5 Cash Flow Statement 6 Notes to the Financial Statements 7 Statement by Members of the Committee 12 Independent Audit Report 13 Detailed Profit And Loss Statement 15

3 COMMITTEE'S REPORT Your committee members submit the financial report of Australian Wound Management Association Incorporated for the financial year ended 30 June Committee Members The names of the committee members in office at anytime during or since the end of the year are: William McGuiness Donna Angel S DeVincentis Stephen Yelland Nicoletta Frescos L Thomas AnnMarie Dunk Gillian Butcher Paul Philcox Tabatha Rando Margo Asimus Terry Swanson Liz Howse Clarissa Young Michelle Gibb Jan Rice Carol Baines Judith Barker Suzanne Templeton D Williams Pam Morey Dianne Smith Allison Cowin C Brennan Jennifer Byrnes Julie Winter Significant Changes No significant change in the nature of these activities occurred during the financial year. Operating Result The loss after providing for income tax amounted to $49,498. Signed in accordance with a resolution of the members of the committee: William McGuiness Nicoletta Frescos 18 October 2012 Page 2

4 INCOME STATEMENT Note $ $ Revenue 184, ,728 Other revenue - 91 Depreciation and amortisation expenses (580) (1,156) Other expenses (233,115) (179,322) Profit (loss) from operations (49,498) 84,341 The accompanying notes form part of these financial statements. These statements should be read in conjunction with the attached compilation report. Page 3

5 ASSETS AUSTRALIAN WOUND MANAGEMENT ASSOCIATION INCORPORATED BALANCE SHEET AS AT 30 JUNE 2012 Note $ $ CURRENT ASSETS Cash and cash equivalents 2 368, ,474 Trade and other receivables ,079 Other current assets 4 1,522 3,761 TOTAL CURRENT ASSETS 370, ,314 NON-CURRENT ASSETS Property, plant and equipment TOTAL NON-CURRENT ASSETS TOTAL ASSETS 371, ,184 LIABILITIES CURRENT LIABILITIES Trade and other payables 6 40,977 5,914 Financial liabilities 7 24,742 - TOTAL CURRENT LIABILITIES 65,719 5,914 NON-CURRENT LIABILITIES Financial liabilities ,000 TOTAL NON-CURRENT LIABILITIES 575 5,000 TOTAL LIABILITIES 66,294 10,914 NET ASSETS 304, ,270 MEMBERS' FUNDS Retained profits 304, ,270 TOTAL EQUITY 304, ,270 The accompanying notes form part of these financial statements. These statements should be read in conjunction with the attached compilation report. Page 4

6 STATEMENT OF RECOGNISED INCOME AND EXPENSE AS AT 30 JUNE 2012 Retained Earnings Total $ $ Balance at 1 July , ,929 Profit attributable to members 84,341 84,341 Balance at 30 June , ,270 Profit attributable to members (49,498) (49,498) Balance at 30 June , ,772 The accompanying notes form part of these financial statements. These statements should be read in conjunction with the attached compilation report. Page 5

7 CASH FLOW STATEMENT Note $ $ Cash flows from operating activities Receipts from Membership and Activities 249, ,940 Payments to Suppliers (242,221) (160,784) Interest Received 13,556 9,248 Net cash provided by operating activities 8 20,900 66,404 Net increase in cash held 20,900 64,735 Cash at beginning of year 347, ,739 Cash at end of year 8 368, ,474 The accompanying notes form part of these financial statements. These statements should be read in conjunction with the attached compilation report. Page 6

8 NOTES TO THE FINANCIAL STATEMENTS 1. STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES This financial report is a special purpose report prepared in order to satisfy the financial reporting requirements of the Associations Incorporations Act 1981 Victoria. The committee has determined that the association is not a reporting entity. No Australian Accounting Standards, Australian Accounting Interpretations Views or other authoritative pronouncements of the Australian Accounting Standards Board have been intentionally applied. The following material accounting policies, which are consistent with the previous period unless otherwise stated, have been adopted in the preparation of this report: Depreciation The depreciable amount of all fixed assets including buildings and capitalised leased assets are depreciated on a straight line basis over their estimated useful lives to the entity commencing from the time the asset is held ready for use. The assets' residual values and useful lives are reviewed, and adjusted if appropriate, at each balance date. An asset's carrying amount is written down immediately to its recoverable amount if the asset's carrying amount is greater than its estimated recoverable amount. Gains and losses on disposals are determined by comparing proceeds with the carrying amount. These gains or losses are included in the income statement. When revalued assets are sold, amounts included in the revaluation reserve relating to that asset are transferred to retained earnings. (a) Financial Instruments Recognition and Initial Measurement Financial assets and financial liabilities are recognised when the entity becomes a party to the contractual provisions of the instrument. For financial assets, this is equivalent to the date that the association commits itself to either purchase or sell the asset (ie trade date accounting is adopted). Financial instruments are initially measured at fair value plus transactions costs, where the instrument is classified 'at fair value through profit or loss' in which case transactions costs are expensed to profit or loss immediately. Classification and Subsequent Measurement (i) Financial assets at fair value through profit and loss Financial instruments are subsequently measured at either fair value, amortised cost using the effective interest rate method or cost. Fair value represents the amount for which an asset could be exchanged or a liability settled, between knowledgeable, willing parties. Where available, quoted prices in an active market are used to determine fair value. In other circumstances, valuation techniques are adopted. These notes should be read in conjunction with the attached compilation report. Page 7

9 (ii) Loans and receivables NOTES TO THE FINANCIAL STATEMENTS Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market and are subsequently measured at amortised cost. (iii) Held-to-maturity investments Held-to-maturity investments are non-derivative financial assets that have fixed maturities and fixed or determinable payments, and it is the association's intention to hold these investments to maturity. They are subsequently measured at amortised cost. (iv) Available-for-sale financial assets Available-for-sale financial assets are non-derivative financial assets that are either not capable of being classified into other categories of financial assets due to their nature or they are designated as such by management. They comprise investments in the equity of other entities where there is neither a fixed maturity nor fixed or determinable payments. (v) Financial liabilities Non-derivative financial liabilities (excluding financial guarantees) are subsequently measured at amortised cost. Fair value Fair value is determined based on current bid prices for all quoted investments. Valuation techniques are applied to determine the fair value for all unlisted securities, including recent arm's length transactions, reference to similar instruments and option pricing models. Impairment At each reporting date, the association assesses whether there is objective evidence that a financial instrument has been impaired. In the case of available-for-sale financial instruments, a prolonged decline in the value of the instrument is considered to determine whether an impairment has arisen. Impairment losses are recognised in the income statement. (b) Impairment of assets At each reporting date, the incorporated association reviews the carrying values of its tangible and intangible assets to determine whether there is any indication that those assets have been impaired. If such an indication exists, the recoverable amount of the asset, being the higher of the asset's fair value less costs to sell and value in use, is compared to the asset's carrying value. Any excess of the asset's carrying value over its recoverable amount is expensed to the income statement. Where it is not possible to estimate the recoverable amount of an individual asset, the incorporated association estimates the recoverable amount of the cash-generating unit to which the asset belongs. These notes should be read in conjunction with the attached compilation report. Page 8

10 NOTES TO THE FINANCIAL STATEMENTS (c) Cash and Cash Equivalents Cash and cash equivalents include cash on hand, deposits held at call with banks, other shortterm highly liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities on the balance sheet. (d) Revenue and Other Income Revenue is measured at the fair value of the consideration received or receivable after taking into account any trade discounts and volume rebates allowed. Any consideration deferred is treated as the provision of finance and is discounted as a rate of interest that is generally accepted in the market for similar arrangements. The difference between the amount initially recognised and the amount ultimately received is interest revenue. Revenue from the sale of goods is recognised at the point of delivery as this corresponds to the transfer of significant risks and rewards of ownership of the goods and the cessation of all involvement in those goods. Dividend revenue is recognised when the right to receive a dividend has been established. Revenue recognition relating to the provision of a service is determined with reference to the stage of completion of the transaction at reporting date and where outcome of the contract can be estimated reliably. Stage of completion is determined with reference to the services performed to date as a percentage of total anticipated services to be performed. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent that related expenditure is recoverable. All revenue is stated net of the amount of goods and services tax (GST). (e) Goods and Services Tax (GST) Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Tax Office. In these circumstances the GST is recognised as part of the cost of acquisition of the asset or as part of an item of the expense. Receivables and payables in the balance sheet are shown inclusive of GST. Cash flows are presented in the cash flow statement on a gross basis, except for the GST component of investing and financing activities, which are disclosed as operating cash flows. (f) Comparative Figures When required by Accounting Standards, comparative figures have been adjusted to conform to changes in presentation for the current year. Critical accounting estimates and adjustments The committee members evaluate estimates and judgements incorporated into the financial report based on historical knowledge and best available current information. Estimates assume a reasonable expectation of future events and are based on current trends and economic data, obtained both externally and within the association. These notes should be read in conjunction with the attached compilation report. Page 9

11 NOTES TO THE FINANCIAL STATEMENTS Note $ $ 2. CASH AND CASH EQUIVALENTS NAB Term Deposit , ,079 NAB Term Deposit ,139 88,810 Westpac Operating account 44,615 - Westpac Cash Saver account 25,071 - Cash at bank 54,549 86, , , TRADE AND OTHER RECEIVABLES CURRENT Debtors - 13,079 Loan - Unsecured - AWMA Trust , OTHER ASSETS CURRENT Prepayments - Other 1,522 3, PROPERTY, PLANT AND EQUIPMENT Office furniture and equipment 3,233 3,233 Less accumulated depreciation (2,943) (2,363) Total property, plant and equipment TRADE AND OTHER PAYABLES CURRENT Goods and services tax 448 4,482 Trade Creditors - 1,432 Unearned Income - Members' Capitation Fees 40,529-40,977 5, BORROWINGS CURRENT Amounts owing to branches 24,742 - NON-CURRENT Loan - Incorrect Deposit 575 5,000 These notes should be read in conjunction with the attached compilation report. Page 10

12 8. CASH FLOW INFORMATION NOTES TO THE FINANCIAL STATEMENTS (a) Reconciliation of Cash Cash at the end of financial year as shown in the Statement of Cash Flows is reconciled to the related items in the statement of financial position as follows: Note $ $ Cash at Bank 124,235 86,585 Deposits 244, , , ,474 (b) Reconciliation of cash flow from operations with profit from operations Profit from ordinary activities after income tax (49,498) 84,341 Non-cash flows in profit from ordinary activities: Depreciation 580 1,156 Changes in Assets & Liabilities: Decrease/(Increase) in Trade and other receivables 12,199 (11,869) Decrease/(Increase) in Prepayments 2,239 (179) Increase/(Decrease) in Creditors (5,466) (7,045) Increase/(Decrease) in Unearned Income 40,529 - Increase/(Decrease) in Loans 20,317 Net cash provided by operating activities 20,900 66,404 These notes should be read in conjunction with the attached compilation report. Page 11

13 STATEMENT BY MEMBERS OF THE COMMITTEE The committee has determined that the association is not a reporting entity and that this special purpose financial report should be prepared in accordance with the accounting policies outlined in Note 1 to the financial statements. In the opinion of the committee the financial report Presents a true and fair view of the financial position of Australian Wound Management Association Incorporated as at 30 June 2012 and its performance for the year ended on that date. At the date of this statement there are reasonable grounds to believe that Australian Wound Management Association Incorporated will be able to pay its debts as and when they fall due. This statement is made in accordance with a resolution of the Committee and is signed for and on behalf of the Committee by: President William McGuiness Treasurer Nicoletta Frescos 18 October 2012 Page 12

14 INDEPENDENT AUDITOR'S REPORT TO THE MEMBER OF AUSTRALIAN WOUND MANAGEMENT ASSOCIATION INCORPORATED Report on the Financial Report We have audited the accompanying financial report, being a special purpose financial report, of Australian Wound Management Association Incorporated which comprises the committee's report, the balance sheet as at 30 June 2012, the income statement for the year then ended, cash flow statement, notes comprising a summary of significant accounting policies and other explanatory notes and the statement by members of the committee. Committee's Responsibility for the Financial Report The committee of the association is responsible for the preparation of the financial report and has determined that the basis of preparation described in Note 1 is appropriate to meet the requirements of the Associations Incorporations Act 1981 Victoria and the needs of the members. The committee's responsibility also includes such internal control as the committee determines is necessary to enable the preparation of a financial report that is free of material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on the financial report based on our audit. We have conducted our audit in accordance with Australian Auditing Standards. Those standards require that we comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance whether the financial report is free of material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The procedures selected depend on the auditor's judgment, including the assessment of the risks or material misstatement of the financial report, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation of the financial report that gives a true and fair view, in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the committee, as well as evaluating the overall presentation of the financial report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Independence In conducting our audit, we have complied with applicable independence requirements of Australian professional ethical pronouncements. Page 13

15 INDEPENDENT AUDITOR'S REPORT TO THE MEMBER OF AUSTRALIAN WOUND MANAGEMENT ASSOCIATION INCORPORATED Auditors Opinion In my opinion, the financial report presents fairly in all material respects the financial position of Australian Wound Management Association Incorporated as of 30 June 2012 and of its financial performance for the year then ended in accordance with the accounting policies described in Note 1 to the financial statements and the requirements of the Association Incorporations Act Victoria Basis of Accounting and Restriction on Distribution Without modifying our opinion, we draw attention to Note 1 to the financial report, which describes the basis of accounting. The financial report has been prepared to assist Australian Wound Management Association Incorporated meet the requirements of the Associations Incorporations Act Victoria As a result, the financial report may not be suitable for another purpose. John F Watty 255 Whitehorse Road Balwyn, VIC, 3103 Registered Company Auditor: Balwyn 18 October 2012 Page 14

16 PROFIT AND LOSS STATEMENT Note $ $ INCOME Interest Received 13,556 9,248 Capitation Fees Received 2 88,523 49,436 Website Advertising Fees Profit Share from National Conference 55, ,429 Sale of Promotional Items 1,745 6,469 Seminar Income Royalties 4, Copyright Fees - 91 Sales - Journals & Guidelines 3 11,828 14,786 Membership - NT 900 4,532 Gross profit from trading 6, , ,819 LESS EXPENDITURE Accounting & Audit 6,470 1,300 Conference Expenses 21,779 44,852 Committe & Meeting Expenses 34,261 32,444 Depreciation 581 1,156 Editorial Costs 10,764 7,500 Guidelines Preparation and Publication 54,476 11,718 Insurance 6,128 5,656 Internet and Web Page Costs 5,341 3,303 WHAM Node - 10,000 Merchant Fees Postage Promotion 40,985 22,026 Printing & Stationery 1,341 3,521 Research and development costs 11,751 52,692 Restructure Costs 12,288 (18,991) Secretary's Costs 1,668 2,473 Secretariat Expenses 24,937 - Subscription & Memberships , ,478 NET OPERATING PROFIT (LOSS) (49,498) 84,341 Retained profits at the beginning of the financial year 354, ,929 TOTAL AVAILABLE FOR APPROPRIATION 304, ,270 RETAINED PROFITS AT THE END OF THE FINANCIAL YEAR 304, ,270 These statements should be read in conjunction with the attached compilation report. Page 15

POLICY MANUAL. Financial Management Significant Accounting Policies (July 2015)

POLICY MANUAL. Financial Management Significant Accounting Policies (July 2015) POLICY 1. Objective To adopt Full Accrual Accounting and all other applicable Accounting Standards. 2. Local Government Reference Local Government Act 1995 Local Government (Financial Management) Regulations

More information

TCS Financial Solutions Australia (Holdings) Pty Limited. ABN 61 003 653 549 Financial Statements for the year ended 31 March 2015

TCS Financial Solutions Australia (Holdings) Pty Limited. ABN 61 003 653 549 Financial Statements for the year ended 31 March 2015 TCS Financial Solutions Australia (Holdings) Pty Limited ABN 61 003 653 549 Financial Statements for the year ended 31 March 2015 Contents Page Directors' report 3 Statement of profit or loss and other

More information

SHIRE OF CARNARVON POLICY

SHIRE OF CARNARVON POLICY SHIRE OF CARNARVON POLICY POLICY NO C010 POLICY SIGNIFICANT ACCOUNTING POLICIES RESPONSIBLE DIRECTORATE CORPORATE COUNCIL ADOPTION Date: 27.5.14 Resolution No. FC 5/5/14 REVIEWED/MODIFIED Date: Resolution

More information

FP5 SIGNIFICANT ACCOUNTING POLICIES - BUDGET

FP5 SIGNIFICANT ACCOUNTING POLICIES - BUDGET FP5 SIGNIFICANT ACCOUNTING POLICIES - BUDGET Adopted: Audit Committee 20 June 2013 Committee Decision No. 10 Audit Committee Minutes endorsed by Council OMC 18 July 2013 Council Decision No. 2753 AASB

More information

FINANCE POLICY POLICY NO F.6 SIGNIFICANT ACCOUNTING POLICIES. FILE NUMBER FIN 2 ADOPTION DATE 13 June 2002

FINANCE POLICY POLICY NO F.6 SIGNIFICANT ACCOUNTING POLICIES. FILE NUMBER FIN 2 ADOPTION DATE 13 June 2002 POLICY NO F.6 POLICY SUBJECT FILE NUMBER FIN 2 ADOPTION DATE 13 June 2002 Shire of Toodyay Policy Manual FINANCE POLICY SIGNIFICANT ACCOUNTING POLICIES LAST REVIEW 22 July 2014 (Council Resolution No 201/07/14)

More information

G8 Education Limited ABN: 95 123 828 553. Accounting Policies

G8 Education Limited ABN: 95 123 828 553. Accounting Policies G8 Education Limited ABN: 95 123 828 553 Accounting Policies Table of Contents Note 1: Summary of significant accounting policies... 3 (a) Basis of preparation... 3 (b) Principles of consolidation... 3

More information

Example Accounts Only

Example Accounts Only CaseWare Sole Trader Financial Statements NOTE: These financial statements include illustrative disclosures for a Sole Trader (Special Purpose). The information is not intended to be and is not comprehensive

More information

ACCOUNTING POLICY INVESTMENTS AND OTHER FINANCIAL ASSETS

ACCOUNTING POLICY INVESTMENTS AND OTHER FINANCIAL ASSETS Responsible Officer ACCOUNTING POLICY INVESTMENTS AND OTHER FINANCIAL ASSETS Director, Shared Services and Corporate Finance & Advisory Services Contact Officer Senior Group Statutory Reporting Manager,

More information

THE SLEEP HEALTH FOUNDATION A.B.N. 91 138 737 854 FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2015

THE SLEEP HEALTH FOUNDATION A.B.N. 91 138 737 854 FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2015 FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2015 Liability limited by a scheme approved under Professional Standards Legislation CONTENTS PAGE Directors Report Auditor's Independence Declaration Statement

More information

Large Company Limited. Report and Accounts. 31 December 2009

Large Company Limited. Report and Accounts. 31 December 2009 Registered number 123456 Large Company Limited Report and Accounts 31 December 2009 Report and accounts Contents Page Company information 1 Directors' report 2 Statement of directors' responsibilities

More information

FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2015 ABORIGINAL AND TORRES STRAIT ISLANDER HEALTH PRACTICE COUNCIL OF NSW

FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2015 ABORIGINAL AND TORRES STRAIT ISLANDER HEALTH PRACTICE COUNCIL OF NSW FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2015 ABORIGINAL AND TORRES STRAIT ISLANDER HEALTH PRACTICE COUNCIL OF NSW New South Wales Health Professional Councils Annual Report 2015 190 Aboriginal and Torres

More information

EXPLANATORY NOTES. 1. Summary of accounting policies

EXPLANATORY NOTES. 1. Summary of accounting policies 1. Summary of accounting policies Reporting Entity Taranaki Regional Council is a regional local authority governed by the Local Government Act 2002. The Taranaki Regional Council group (TRC) consists

More information

COOK S BODY WORKS PTY LTD A.B.N. 42 005 070 084 DIRECTORS REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2015

COOK S BODY WORKS PTY LTD A.B.N. 42 005 070 084 DIRECTORS REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2015 DIRECTORS REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2015 In accordance with a resolution of the Directors dated 16 December 2015 the Directors of the Company have pleasure in reporting on the Company for

More information

Summary of Significant Accounting Policies FOR THE FINANCIAL YEAR ENDED 31 MARCH 2014

Summary of Significant Accounting Policies FOR THE FINANCIAL YEAR ENDED 31 MARCH 2014 46 Unless otherwise stated, the following accounting policies have been applied consistently in dealing with items which are considered material in relation to the financial statements. The Company and

More information

ANNUAL FINANCIAL RESULTS

ANNUAL FINANCIAL RESULTS ANNUAL FINANCIAL RESULTS For the year ended 31 July 2013 ANNUAL FINANCIAL RESULTS 2013 FONTERRA CO-OPERATIVE GROUP LIMITED Contents: DIRECTORS STATEMENT... 1 INCOME STATEMENT... 2 STATEMENT OF COMPREHENSIVE

More information

Residual carrying amounts and expected useful lives are reviewed at each reporting date and adjusted if necessary.

Residual carrying amounts and expected useful lives are reviewed at each reporting date and adjusted if necessary. 87 Accounting Policies Intangible assets a) Goodwill Goodwill represents the excess of the cost of an acquisition over the fair value of identifiable net assets and liabilities of the acquired company

More information

ANNUAL FINANCIAL RESULTS FOR THE YEAR ENDED 31 JULY 2014 FONTERRA ANNUAL FINANCIAL RESULTS 2014 A

ANNUAL FINANCIAL RESULTS FOR THE YEAR ENDED 31 JULY 2014 FONTERRA ANNUAL FINANCIAL RESULTS 2014 A ANNUAL FINANCIAL RESULTS FOR THE YEAR ENDED 31 JULY 2014 FONTERRA ANNUAL FINANCIAL RESULTS 2014 A CONTENTS DIRECTORS STATEMENT 1 INCOME STATEMENT 2 STATEMENT OF COMPREHENSIVE INCOME 3 STATEMENT OF FINANCIAL

More information

18 BUSINESS ACCOUNTING STANDARD FINANCIAL ASSETS AND FINANCIAL LIABILITIES I. GENERAL PROVISIONS

18 BUSINESS ACCOUNTING STANDARD FINANCIAL ASSETS AND FINANCIAL LIABILITIES I. GENERAL PROVISIONS APPROVED by Resolution No. 11 of 27 October 2004 of the Standards Board of the Public Establishment the Institute of Accounting of the Republic of Lithuania 18 BUSINESS ACCOUNTING STANDARD FINANCIAL ASSETS

More information

Australian Ethical World Trust ARSN 123 618 520. Annual Financial Report for the year ended 30 June 2013

Australian Ethical World Trust ARSN 123 618 520. Annual Financial Report for the year ended 30 June 2013 ARSN 123 618 520 Annual Financial Report for the year ended 30 June 2013 (AEWT) Annual Financial Report for the year ended 30 June 2013 Contents Page Directors' Report 1 Statement of Profit or Loss and

More information

ABN 17 006 852 820 PTY LTD (FORMERLY KNOWN AS AQUAMAX PTY LTD) DIRECTORS REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2015

ABN 17 006 852 820 PTY LTD (FORMERLY KNOWN AS AQUAMAX PTY LTD) DIRECTORS REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2015 DIRECTORS REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2015 In accordance with a resolution of the Directors dated 16 December 2015, the Directors of the Company have pleasure in reporting on the Company for

More information

Dumfries Mutual Insurance Company Financial Statements For the year ended December 31, 2010

Dumfries Mutual Insurance Company Financial Statements For the year ended December 31, 2010 Dumfries Mutual Insurance Company Financial Statements For the year ended December 31, 2010 Contents Independent Auditors' Report 2 Financial Statements Balance Sheet 3 Statement of Operations and Unappropriated

More information

Preliminary Final report

Preliminary Final report Appendix 4E Rule 4.3A Preliminary Final report AMCOR LIMITED ABN 62 000 017 372 1. Details of the reporting period and the previous corresponding period Reporting Period: Year Ended Previous Corresponding

More information

Dhanamitr Factoring Public Company Limited (Formerly: Dhanamitr Factoring Company Limited)

Dhanamitr Factoring Public Company Limited (Formerly: Dhanamitr Factoring Company Limited) Annual financial statements and Audit report of Certified Public Accountant For the years ended 31 December 2005 and 2004 DHANA MITR FACTORING COMPANY LIMITED Notes to Financial Statements (Continued)

More information

RDR School Example Limited ABN: 00 000 000 000

RDR School Example Limited ABN: 00 000 000 000 Financial Report The purpose of this publication is to assist users in preparing annual financial reports in accordance with Australian Accounting Standards Reduced Disclosure Requirements. It illustrates

More information

Australian Nursing and Midwifery Federation ABN: 41 816 898 298

Australian Nursing and Midwifery Federation ABN: 41 816 898 298 Australian Nursing and Midwifery Federation Financial Statements For the Year Ended 30 June Financial Report Page Financial Statements Operating Report 1 Statement of Profit or Loss and Other Comprehensive

More information

Sri Lanka Accounting Standard-LKAS 7. Statement of Cash Flows

Sri Lanka Accounting Standard-LKAS 7. Statement of Cash Flows Sri Lanka Accounting Standard-LKAS 7 Statement of Cash Flows CONTENTS SRI LANKA ACCOUNTING STANDARD-LKAS 7 STATEMENT OF CASH FLOWS paragraphs OBJECTIVE SCOPE 1 3 BENEFITS OF CASH FLOW INFORMATION 4 5 DEFINITIONS

More information

Note 2 SIGNIFICANT ACCOUNTING

Note 2 SIGNIFICANT ACCOUNTING Note 2 SIGNIFICANT ACCOUNTING POLICIES BASIS FOR THE PREPARATION OF THE FINANCIAL STATEMENTS The consolidated financial statements have been prepared in accordance with International Financial Reporting

More information

UNCONTROLLED IF PRINTED ACCOUNTING POLICY

UNCONTROLLED IF PRINTED ACCOUNTING POLICY UNCONTROLLED IF PRINTED NAVY CANTEENS ACCOUNTING POLICY Applicability: This procedure is applicable to all RANCCB directors and Navy Canteens, managers and staff in all Navy Canteens business units. Legislation:

More information

DUBLIN CORE METADATA INITIATIVE LIMITED (Co. Reg. No. 200823602C) (Incorporated in the Republic of Singapore)

DUBLIN CORE METADATA INITIATIVE LIMITED (Co. Reg. No. 200823602C) (Incorporated in the Republic of Singapore) (Incorporated in the Republic of Singapore) AUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION FOR THE PERIOD FROM 23 DECEMBER 2008 (DATE OF INCORPORATION) TO 30 JUNE 2009 LAM/KCH DIRECTORS REPORT

More information

Cash Flow Statements

Cash Flow Statements Compiled Accounting Standard AASB 107 Cash Flow Statements This compiled Standard applies to annual reporting periods beginning on or after 1 July 2007. Early application is permitted. It incorporates

More information

ACCOUNTING POLICY 1.1 FINANCIAL REPORTING. Policy Statement. Definitions. Area covered. This Policy is University-wide.

ACCOUNTING POLICY 1.1 FINANCIAL REPORTING. Policy Statement. Definitions. Area covered. This Policy is University-wide. POLICY Area covered ACCOUNTING POLICY This Policy is University-wide Approval date 5 May 2016 Policy Statement Intent Scope Effective date 5 May 2016 Next review date 5 May 2019 To establish decisions,

More information

MOTOR VEHICLE ACCIDENTS FUND

MOTOR VEHICLE ACCIDENTS FUND Republic of Namibia AUDIT REPORT ON THE ACCOUNTS OF THE MOTOR VEHICLE ACCIDENTS FUND FOR THE FINANCIAL YEAR ENDED 31 MARCH 2006 2006 Published by authority Price (Vat excluded): N$ 28.66 Report no: 487

More information

Guelph Chamber of Commerce Financial Statements For the Year Ended June 30, 2015

Guelph Chamber of Commerce Financial Statements For the Year Ended June 30, 2015 Financial Statements For the Year Ended June 30, 2015 Financial Statements For the Year Ended June 30, 2015 Contents Independent Auditor's Report 1 Financial Statements Statement of Financial Position

More information

Annual Report For the Year Ended 30 June 2012

Annual Report For the Year Ended 30 June 2012 Annual Report Annual Report CONTENTS Page Financial Statements Directors' Report 1 Auditors' Independence Declaration 4 Statement of Comprehensive Income 5 Statement of Financial Position 6 Statement of

More information

RELIANCE INDUSTRIES (MIDDLE EAST) DMCC 1. Reliance Industries (Middle East) DMCC Reports and Financial Statements for the year ended 31 December 2014

RELIANCE INDUSTRIES (MIDDLE EAST) DMCC 1. Reliance Industries (Middle East) DMCC Reports and Financial Statements for the year ended 31 December 2014 RELIANCE INDUSTRIES (MIDDLE EAST) DMCC 1 Reliance Industries (Middle East) DMCC Reports and Financial Statements for the year ended 31 December 2014 2 RELIANCE INDUSTRIES (MIDDLE EAST) DMCC Independent

More information

Principal Accounting Policies

Principal Accounting Policies 1. Basis of Preparation The accounts have been prepared in accordance with Hong Kong Financial Reporting Standards ( HKFRS ). The accounts have been prepared under the historical cost convention as modified

More information

Indian Accounting Standard (Ind AS) 7 Statement of Cash Flows

Indian Accounting Standard (Ind AS) 7 Statement of Cash Flows Contents Indian Accounting Standard (Ind AS) 7 Statement of Cash Flows Paragraphs OBJECTIVE SCOPE 1 3 BENEFITS OF CASH FLOW INFORMATION 4 5 DEFINITIONS 6 9 Cash and cash equivalents 7 9 PRESENTATION OF

More information

BetaShares Geared U.S. Equity Fund - Currency Hedged (hedge fund) ASX code: GGUS

BetaShares Geared U.S. Equity Fund - Currency Hedged (hedge fund) ASX code: GGUS BetaShares Geared U.S. Equity Fund - Currency Hedged (hedge fund) ASX code: GGUS ARSN 602 666 615 Annual Financial Report for the period 10 November 2014 to 30 June 2015 BetaShares Geared U.S. Equity Fund

More information

Area Standard AIFRS impact Management action First time Adoption of Australian Equivalents to IFRS

Area Standard AIFRS impact Management action First time Adoption of Australian Equivalents to IFRS First time Adoption of Australian Equivalents to IFRS AASB 1 An entity s first Australian-equivalents-to-IFRS (AIFRS) financial report applies for reporting periods beginning on or after 1 January 2005

More information

INNER CITY MINISTRIES LIMITED (incorporated in Hong Kong with liability limited by guarantee and not having a share capital)

INNER CITY MINISTRIES LIMITED (incorporated in Hong Kong with liability limited by guarantee and not having a share capital) REPORT OF THE DIRECTORS The directors present herewith their annual report together with the financial statements for the year ended 31 December 2014. PRINCIPAL ACTIVITY The principal activity of the association

More information

World Vision Singapore Audited Financial Statements FY2013

World Vision Singapore Audited Financial Statements FY2013 World Vision Singapore Audited Financial Statements FY2013 The financial information set out in pages FS1 to FS19 has been extracted from the financial statements of the Singapore Operations of World Vision

More information

Global Value Fund Limited A.B.N. 90 168 653 521. Appendix 4E - Preliminary Financial Report for the year ended 30 June 2015

Global Value Fund Limited A.B.N. 90 168 653 521. Appendix 4E - Preliminary Financial Report for the year ended 30 June 2015 A.B.N. 90 168 653 521 Appendix 4E - Preliminary Financial Report for the year ended 30 June 2015 Appendix 4E - Preliminary Financial Report For the year ended 30 June 2015 Preliminary Report This preliminary

More information

OMAN OIL MARKETING COMPANY SAOG

OMAN OIL MARKETING COMPANY SAOG OMAN OIL MARKETING COMPANY SAOG FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2013 Registered address: P.O. Box 92 Postal Code 116 Mina Al Fahal Sultanate of Oman Principal place of business: Mina

More information

Accounting and Reporting Policy FRS 102. Staff Education Note 1 Cash flow statements

Accounting and Reporting Policy FRS 102. Staff Education Note 1 Cash flow statements Staff Education Note 1: Cash flow Statements Accounting and Reporting Policy FRS 102 Staff Education Note 1 Cash flow statements Disclaimer This Education Note has been prepared by FRC staff for the convenience

More information

MATRIX IT LTD. AND ITS SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS

MATRIX IT LTD. AND ITS SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2013 CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2013 NIS IN THOUSANDS INDEX Page Auditors' Reports 2-4 Consolidated Statements of Financial

More information

Jones Sample Accounts Limited. Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements

Jones Sample Accounts Limited. Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements Period of accounts Start date: 1st June 2008 End date: 31st May 2009 Contents of the

More information

THE YARMOUTH MUTUAL FIRE INSURANCE COMPANY Financial Statements For the year ended December 31, 2014

THE YARMOUTH MUTUAL FIRE INSURANCE COMPANY Financial Statements For the year ended December 31, 2014 Financial Statements For the year ended Financial Statements For the year ended Table of Contents Page Independent Auditor's Report 2 Statement of Financial Position 3 Statement of Comprehensive Income

More information

Accounting and Reporting Policy FRS 102. Staff Education Note 14 Credit unions - Illustrative financial statements

Accounting and Reporting Policy FRS 102. Staff Education Note 14 Credit unions - Illustrative financial statements Accounting and Reporting Policy FRS 102 Staff Education Note 14 Credit unions - Illustrative financial statements Disclaimer This Education Note has been prepared by FRC staff for the convenience of users

More information

A&W Food Services of Canada Inc. Consolidated Financial Statements December 30, 2012 and January 1, 2012 (in thousands of dollars)

A&W Food Services of Canada Inc. Consolidated Financial Statements December 30, 2012 and January 1, 2012 (in thousands of dollars) A&W Food Services of Canada Inc. Consolidated Financial Statements December 30, and January 1, (in thousands of dollars) February 12, 2013 Independent Auditor s Report To the Shareholders of A&W Food Services

More information

HONEY BUN (1982) LIMITED Financial Statements 30 September 2015

HONEY BUN (1982) LIMITED Financial Statements 30 September 2015 HONEY BUN (1982) LIMITED Financial Statements. HONEY BUN (1982) LIMITED Index Page Independent Auditors' Report to the Members Financial Statements Statement of profit and loss and other comprehensive

More information

RANBAXY EGYPT COMPANY (L.L.C.) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2015 TOGETHER WITH AUDITOR S REPORT

RANBAXY EGYPT COMPANY (L.L.C.) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2015 TOGETHER WITH AUDITOR S REPORT FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2015 TOGETHER WITH AUDITOR S REPORT Translation of Auditor s report AUDITOR S REPORT TO THE SHAREHOLDERS OF Report on the Financial Statements We have audited

More information

WEBJET LIMITED AND CONTROLLED ENTITIES A.C.N. 002 013 612 INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2003

WEBJET LIMITED AND CONTROLLED ENTITIES A.C.N. 002 013 612 INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2003 A.C.N. 002 013 612 INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2003 - 1 - ADDITIONAL FINANCIAL INFORMATION REQUIRED UNDER ASX LISTING RULES APPENDIX 4D RESULTS FOR ANNOUNCEMENT TO MARKET

More information

VITAFOAM NIGERIA PLC UNAUDITED INTERIM IFRS FINANCIAL STATEMENTS AS AT 30 JUNE 2015

VITAFOAM NIGERIA PLC UNAUDITED INTERIM IFRS FINANCIAL STATEMENTS AS AT 30 JUNE 2015 UNAUDITED INTERIM IFRS FINANCIAL STATEMENTS AS AT 30 JUNE 2015 1 UNAUDITED INTERIM IFRS FINANCIAL STATEMENTS AS AT 30 JUNE 2015 C O N T E N T S Page Statement of Financial Position Group & Company 3 Statement

More information

PRELIMINARY RESULTS FOR HALF YEAR ENDED 30 SEPTEMBER 2015

PRELIMINARY RESULTS FOR HALF YEAR ENDED 30 SEPTEMBER 2015 Page 1 PRELIMINARY RESULTS FOR HALF YEAR ENDED 30 SEPTEMBER 2015 Reporting Period 6 months to 30 September 2015 Reporting Period 6 months to 30 September 2014 Amount NZ$ 000 Percentage Change % Revenue

More information

NEPAL ACCOUNTING STANDARDS ON CASH FLOW STATEMENTS

NEPAL ACCOUNTING STANDARDS ON CASH FLOW STATEMENTS NAS 03 NEPAL ACCOUNTING STANDARDS ON CASH FLOW STATEMENTS CONTENTS Paragraphs OBJECTIVE SCOPE 1-3 BENEFITS OF CASH FLOWS INFORMATION 4-5 DEFINITIONS 6-9 Cash and cash equivalents 7-9 PRESENTATION OF A

More information

VASSETI (UK) PLC CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2013

VASSETI (UK) PLC CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2013 CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2013 INTERIM MANAGEMENT REPORT (UNAUDITED) FOR THE 6 MONTHS ENDED 30 JUNE 2013 1. Key Risks and uncertainties Risks and uncertainties

More information

BUCHAREST STOCK EXCHANGE

BUCHAREST STOCK EXCHANGE BUCHAREST STOCK EXCHANGE SEPARATE FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARDS ADOPTED BY THE EUROPEAN UNION 31 DECEMBER 2013 FINANCIAL STATEMENTS FOR THE

More information

Reece Australia Limited (ABN 49 004 313 133) and controlled entities

Reece Australia Limited (ABN 49 004 313 133) and controlled entities Reece Australia Limited (ABN 49 004 313 133) and controlled entities Half-year information for the six months ended 31 December 2008 provided to the ASX under listing rule 4.2A. This half-year financial

More information

Department of Education, Employment and Workplace Relations Financial Statements for 2013 14

Department of Education, Employment and Workplace Relations Financial Statements for 2013 14 Department of Education, Employment and Workplace Relations Financial Statements for 2013 14 INDEPENDENT AUDITOR'S REPORT To the Minister for Education To the Minister for Employment Report on the Financial

More information

Acal plc. Accounting policies March 2006

Acal plc. Accounting policies March 2006 Acal plc Accounting policies March 2006 Basis of preparation The consolidated financial statements of Acal plc and all its subsidiaries have been prepared in accordance with International Financial Reporting

More information

Kilikia Universal Credit Organization LLC. Financial Statements for the year ended 31 December 2014

Kilikia Universal Credit Organization LLC. Financial Statements for the year ended 31 December 2014 Financial Statements for the year ended 31 December Contents Independent Auditors Report... 3 Statement of profit or loss and other comprehensive income... 4 Statement of financial position... 5 Statement

More information

Türkiye İş Bankası A.Ş. Separate Financial Statements As at and for the Year Ended 31 December 2015

Türkiye İş Bankası A.Ş. Separate Financial Statements As at and for the Year Ended 31 December 2015 Türkiye İş Bankası A.Ş. Separate Financial Statements As at and for the Year Ended 2015 29 April 2016 This report includes 93 pages of separate financial statements together with their explanatory notes.

More information

2015/16 EDUCATION PAYROLL LIMITED STATEMENT OF PERFORMANCE EXPECTATIONS

2015/16 EDUCATION PAYROLL LIMITED STATEMENT OF PERFORMANCE EXPECTATIONS 2015/16 EDUCATION PAYROLL LIMITED STATEMENT OF PERFORMANCE EXPECTATIONS Published in August 2015 Education Payroll Limited 2015/16 EDUCATION PAYROLL LIMITED STATEMENT OF PERFORMANCE EXPECTATIONS CONTENTS

More information

STATEMENT OF COMPLIANCE AND BASIS OF MEASUREMENT

STATEMENT OF COMPLIANCE AND BASIS OF MEASUREMENT Accounting policies REPORTING ENTITY The Waikato Regional Council is a territorial local authority governed by the Local Government Act 2002, and is domiciled in New Zealand. The main purpose of prospective

More information

ANNEX I INDIVIDUAL PUBLIC FINANCIAL STATEMENTS OF CREDIT INSTITUTIONS

ANNEX I INDIVIDUAL PUBLIC FINANCIAL STATEMENTS OF CREDIT INSTITUTIONS ANNEX I INDIVIDUAL PUBLIC FINANCIAL STATEMENTS OF CREDIT INSTITUTIONS ANNEX I.1 PUBLIC BALANCE SHEET ASSETS 1. Cash and balances with central banks 2. Financial assets held for trading 2.1. Loans and advances

More information

Rubicor Group Limited and Controlled Entities

Rubicor Group Limited and Controlled Entities Consolidated Statement of Profit or Loss and Other Comprehensive Income For the financial year ended 30 June Note Revenue 2 204,314 198,028 Other gains and losses 2 403 - Gain on debt forgiven 3-88,608

More information

Transition to International Financial Reporting Standards

Transition to International Financial Reporting Standards Transition to International Financial Reporting Standards Topps Tiles Plc In accordance with IFRS 1, First-time adoption of International Financial Reporting Standards ( IFRS ), Topps Tiles Plc, ( Topps

More information

KOREAN AIR LINES CO., LTD. AND SUBSIDIARIES. Consolidated Financial Statements

KOREAN AIR LINES CO., LTD. AND SUBSIDIARIES. Consolidated Financial Statements Consolidated Financial Statements December 31, 2015 (With Independent Auditors Report Thereon) Contents Page Independent Auditors Report 1 Consolidated Statements of Financial Position 3 Consolidated Statements

More information

Accounting and reporting by charities

Accounting and reporting by charities 10. Balance sheet Introduction 10.1. All charities preparing accruals accounts must prepare a balance sheet at the end of each reporting period which gives a true and fair view of their financial position.

More information

The acquisition method of accounting is used to account for business combinations by the group.

The acquisition method of accounting is used to account for business combinations by the group. ABN 79 114 456 781 Summary of Significant Accounting Policies Basis of Preparation Huon produce general purpose financial statements which are been prepared in accordance with the Corporations Act 2001,

More information

5 BUSINESS ACCOUNTING STANDARD CASH FLOW STATEMENT I. GENERAL PROVISIONS II. KEY DEFINITIONS

5 BUSINESS ACCOUNTING STANDARD CASH FLOW STATEMENT I. GENERAL PROVISIONS II. KEY DEFINITIONS APPROVED by Resolution No. 1 of 18 December 2003 of the Standards Board of the Public Establishment the Institute of Accounting of the Republic of Lithuania 5 BUSINESS ACCOUNTING STANDARD CASH FLOW STATEMENT

More information

Statement of Cash Flows

Statement of Cash Flows HKAS 7 Revised February November 2014 Hong Kong Accounting Standard 7 Statement of Cash Flows HKAS 7 COPYRIGHT Copyright 2014 Hong Kong Institute of Certified Public Accountants This Hong Kong Financial

More information

Canadian Council for International Co-operation Financial Statements March 31, 2011

Canadian Council for International Co-operation Financial Statements March 31, 2011 Canadian Council for International Co-operation Financial Statements Independent Auditor's Report 2-3 Financial Statements Financial Position 4 Revenues and Expenses 5 Changes in Net Assets 6 Cash Flows

More information

STATEMENT BY THE BOARD

STATEMENT BY THE BOARD Financial Statements 1 FINANCIAL STATEMENTS STATEMENT BY THE BOARD In our opinion, (a) the accompanying consolidated financial statements of Info-communications Development Authority of Singapore (the

More information

Statement of Cash Flows

Statement of Cash Flows STATUTORY BOARD FINANCIAL REPORTING STANDARD SB-FRS 7 Statement of Cash Flows This version of SB-FRS 7 does not include amendments that are effective for annual periods beginning after 1 January 2014.

More information

Management's Responsibility for the Financial Statements

Management's Responsibility for the Financial Statements AIRA Factoring Public Company Limited Report and financial statements 31 December 2012 Independent Auditor's Report To the Shareholders of AIRA Factoring Public Company Limited I have audited the financial

More information

136 ST ENGINEERING / ABOVE & BEYOND

136 ST ENGINEERING / ABOVE & BEYOND 136 ST ENGINEERING / ABOVE & BEYOND Independent auditors report Members of the Company Singapore Technologies Engineering Ltd Report on the financial STATEMENTS We have audited the accompanying financial

More information

The statements are presented in pounds sterling and have been prepared under IFRS using the historical cost convention.

The statements are presented in pounds sterling and have been prepared under IFRS using the historical cost convention. Note 1 to the financial information Basis of accounting ITE Group Plc is a UK listed company and together with its subsidiary operations is hereafter referred to as the Company. The Company is required

More information

Financial Report 76. Certifications... 77. Auditor s Report... 78. Income Statements... 79. Balance Sheets... 80

Financial Report 76. Certifications... 77. Auditor s Report... 78. Income Statements... 79. Balance Sheets... 80 Financial Report 76 contents Certifications... 77 Auditor s Report... 78 Income Statements... 79 Balance Sheets... 80 Statements of Changes in Equity... 81 Cash Flow Statements... 82... 83 Report by the

More information

3 Audited financial statements for the year ended 31 December 2009

3 Audited financial statements for the year ended 31 December 2009 3 Audited financial statements income statement Revenue from Continuing Operations Commonwealth Government Financial Assistance excluding hecs help higher education Contribution scheme (hecs help) 2.1

More information

Independent Auditor s Report To the Shareholders and the Board of Directors of PJSC EMAlliance

Independent Auditor s Report To the Shareholders and the Board of Directors of PJSC EMAlliance PJSC EMAlliance Consolidated financial statements prepared in accordance with IFRS for the year ended 2010 together with Independent Auditor s Report Contents Independent Auditor s Report... 3 Statement

More information

International Accounting Standard 7 Statement of cash flows *

International Accounting Standard 7 Statement of cash flows * International Accounting Standard 7 Statement of cash flows * Objective Information about the cash flows of an entity is useful in providing users of financial statements with a basis to assess the ability

More information

Professional Standards Council of South Australia

Professional Standards Council of South Australia Professional Standards Council of South Australia FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2013 1 Financial Statements 2013 Financial Statements Contents Statement of Comprehensive Income

More information

ANNOUNCEMENT TO AUSTRALIAN SECURITIES EXCHANGE LIMITED

ANNOUNCEMENT TO AUSTRALIAN SECURITIES EXCHANGE LIMITED Registered Office: Unit 10, 62A Albert Street Preston VIC 3072 AUSTRALIA Telephone: National (03) 9416 7133 International +61 3 9416 7133 Facsimile: National (03) 9495 1099 International +61 3 9495 1099

More information

Model financial statements for the year ended 30 June 2011

Model financial statements for the year ended 30 June 2011 Model financial statements for the year ended Illustrative example of general purpose financial statements prepared in accordance with the Financial Reporting Act 1993, the Companies Act 1993, applying

More information

Metropolitan Holdings Limited Group accounting policies used in preparation of the restated financial information under International Financial

Metropolitan Holdings Limited Group accounting policies used in preparation of the restated financial information under International Financial Metropolitan Holdings Limited Group accounting policies used in preparation of the restated financial information under International Financial Reporting Standards (IFRS) and the interim results for the

More information

5 March 2013. The Manager ASX Market Announcements Australian Securities Exchange Level 4 20 Bridge Street SYDNEY NSW 2000

5 March 2013. The Manager ASX Market Announcements Australian Securities Exchange Level 4 20 Bridge Street SYDNEY NSW 2000 gsh/psh/gsh869 5 March 2013 The Manager ASX Market Announcements Australian Securities Exchange Level 4 20 Bridge Street SYDNEY NSW 2000 Via ASX Online No. of pages 17 Dear Sir, Half-year financial report

More information

Example Directors' Report, Auditor's Report and Illustrative Financial Statements for Private Entities prepared in accordance with the HKFRS for

Example Directors' Report, Auditor's Report and Illustrative Financial Statements for Private Entities prepared in accordance with the HKFRS for Example Directors' Report, Auditor's Report and Illustrative Financial Statements for Private Entities prepared in accordance with the HKFRS for Private Entities (with Hong Kong Companies Ordinance disclosures)

More information

For personal use only

For personal use only Name of Entity JV GLOBAL LTD ACN 009 142 125 Appendix 4D Half-year report Period ended 31 December 2010 (ASX code: JVG) 1 Financial Year ended (current period) 31 December 2010 Financial Year ended (previous

More information

FINANCIAL STATEMENTS. Alberta Beverage Container Recycling Corporation. Contents

FINANCIAL STATEMENTS. Alberta Beverage Container Recycling Corporation. Contents 1 FINANCIAL STATEMENTS Alberta Beverage Container Recycling Corporation Contents 2 Independent Auditor s Report 3 Statement of Operations and Changes in Net Assets 4 Statement of Financial Position 5 Statement

More information

ANNUAL FINANCIAL RESULTS

ANNUAL FINANCIAL RESULTS ANNUAL FINANCIAL RESULTS Directors Statement The directors of Air New Zealand Limited are pleased to present to shareholders the Annual Report* and financial statements for Air New Zealand and its controlled

More information

Financial statements. Standardbred Canada (Incorporated under the Animal Pedigree Act) October 31, 2012

Financial statements. Standardbred Canada (Incorporated under the Animal Pedigree Act) October 31, 2012 Financial statements Standardbred Canada (Incorporated under the Animal Pedigree Act) (Incorporated under the Animal Pedigree Act) Contents Page Independent Auditors Report 1-2 Statement of operations

More information

REAL INSURANCE COMPANY OF MALAWI LIMITED CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2009

REAL INSURANCE COMPANY OF MALAWI LIMITED CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2009 CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2009 FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2009 GENERAL Real Insurance Company of Malawi Limited is a public limited company listed on the Malawi Stock

More information

INTERNATIONAL ACCOUNTING STANDARDS. CIE Guidance for teachers of. 7110 Principles of Accounts and. 0452 Accounting

INTERNATIONAL ACCOUNTING STANDARDS. CIE Guidance for teachers of. 7110 Principles of Accounts and. 0452 Accounting www.xtremepapers.com INTERNATIONAL ACCOUNTING STANDARDS CIE Guidance for teachers of 7110 Principles of Accounts and 0452 Accounting 1 CONTENTS Introduction...3 Use of this document... 3 Users of financial

More information

HOLLY SPRINGS INVESTMENTS LIMITED HALF YEAR REPORT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2008 CONTENTS STATEMENT OF FINANCIAL PERFORMANCE 1

HOLLY SPRINGS INVESTMENTS LIMITED HALF YEAR REPORT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2008 CONTENTS STATEMENT OF FINANCIAL PERFORMANCE 1 HALF YEAR REPORT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2008 CONTENTS PAGES STATEMENT OF FINANCIAL PERFORMANCE 1 STATEMENT OF MOVEMENTS IN EQUITY 2 STATEMENT OF FINANCIAL POSITION 4-4 STATEMENT OF CASH

More information

Veterinary Professional Insurance Society Incorporated Statement of Comprehensive Income For the year ended 30 September 2015

Veterinary Professional Insurance Society Incorporated Statement of Comprehensive Income For the year ended 30 September 2015 Statement of Comprehensive Income 2014 INCOME Note 2015 $ $ 779,636 Insurance income 853,297 220,263 Membership income 197,969 9,470 Miscellaneous income 10,033 1,009,369 Total operating income 1,061,299

More information

Land Trust. Financial Statements For the Year Ended 30 June 2014. RFM Land Trust - ARSN 128 112 443

Land Trust. Financial Statements For the Year Ended 30 June 2014. RFM Land Trust - ARSN 128 112 443 Land Trust Financial Statements For the Year Ended 30 June 2014 RFM Land Trust - Contents For the Year Ended 30 June 2014 Page Financial Statements Corporate Directory 1 Directors of the Responsible Entity

More information

PYROGENESIS CANADA INC. AMENDED FINANCIAL STATEMENTS FOR THE INTERIM PERIOD ENDED JUNE 30, 2011

PYROGENESIS CANADA INC. AMENDED FINANCIAL STATEMENTS FOR THE INTERIM PERIOD ENDED JUNE 30, 2011 PYROGENESIS CANADA INC. AMENDED FINANCIAL STATEMENTS FOR THE INTERIM PERIOD ENDED JUNE 30, 2011 The unaudited interim condensed consolidated financial statements of (the Company ) for the three and six

More information

I. GENERAL PROVISIONS KEY DEFINITIONS

I. GENERAL PROVISIONS KEY DEFINITIONS APPROVED by Resolution No. 1 of 18 December 2003 of the Standards Board of the Public Establishment the Institute of Accounting of the Republic of Lithuania 20 BUSINESS ACCOUNTING STANDARD OPERATING LEASE,

More information

CONSOLIDATED PROFIT AND LOSS ACCOUNT For the six months ended June 30, 2002

CONSOLIDATED PROFIT AND LOSS ACCOUNT For the six months ended June 30, 2002 CONSOLIDATED PROFIT AND LOSS ACCOUNT For the six months ended June 30, 2002 Unaudited Unaudited Note Turnover 2 5,576 5,803 Other net losses (1) (39) 5,575 5,764 Direct costs and operating expenses (1,910)

More information