AUSTRALIAN SECURITY INTELLIGENCE ORGANISATION

Size: px
Start display at page:

Download "AUSTRALIAN SECURITY INTELLIGENCE ORGANISATION"

Transcription

1 AUSTRALIAN SECURITY INTELLIGENCE ORGANISATION Section 1: Agency overview and resources 1.1 STRATEGIC DIRECTION STATEMENT The mission of the Australian Security Intelligence Organisation (ASIO) is to identify and investigate threats to security and provide advice to protect Australia, its people and its interests in Australia and overseas. The mission underpins ASIO s vision as being the intelligence edge for a secure Australia. The Australian Security Intelligence Organisation Act 1979 (the ASIO Act) articulates ASIO s role, function and powers as well as providing explicit operating parameters. Part 1 of the ASIO Act defines security as: (a) the protection of, and of the people of, the Commonwealth and the several States and Territories from: (i) espionage; (ii) sabotage; (iii) politically motivated violence; (iv) promotion of communal violence; (v) attacks on Australia s defence system; or (vi) acts of foreign interference; whether directed from, or committed within, Australia or not; and (aa) the protection of Australia s territorial and border integrity from serious threats; and (b) the carrying out of Australia s responsibilities to any foreign country in relation to a matter mentioned in any of the subparagraphs of paragraph (a) or the matter mentioned in paragraph (aa). The threat of terrorism, particularly home-grown, remains significant and has been further complicated with the increase in the number of Australians who choose to fight in foreign conflicts, potentially returning with an increased desire and ability to conduct attacks on Australian shores. ASIO may request that the Minister for Foreign Affairs cancel Australian passports in the interests of national security. Certainly this has been happening at an increased rate in mainly in an effort to disrupt travel to Syria. Counter-espionage continues to be a priority. The ongoing leakage of information orchestrated by former US National Security Agency contractor Edward Snowden is an enduring example of the risk of the insider threat. 257

2 ASIO resourcing in counter-espionage has continued to increase, reflecting the work required to identify the trusted insider. It also reflects the persistent risk posed by foreign intelligence agencies. The use of cyber as a vector to conduct espionage is also a constant and growing threat. As a key contributor to Australia s cyber defences, ASIO remains committed to developing the means required to protect both the Australian Government and Australia s critical infrastructure from threats to national security. ASIO welcomes the establishment of the Australian Cyber Security Centre and will continue to work closely with other areas of government, as well as industry, in its ongoing development. Visa security assessments continue to be a resource-intensive component of ASIO s work. ASIO maintains a rigorous system to ensure security assessments are managed with care and diligence. The Independent Reviewer of Adverse Security Assessments has provided an additional layer of external accountability which has reinforced that level of rigor. ASIO is focused on the outcomes of the legislative reviews and reforms being undertaken by government. The reforms will enable ASIO, and its intelligence and law enforcement colleagues, to catch up with technology better equipping ASIO with the appropriate tools to respond to national security priorities. This should take place without changing the basic principles of fairness, proportionality and accountability. ASIO will continue to support the national security legislative reform package in response to the May 2013 report from the Parliamentary Joint Committee on Intelligence and Security. It is critical to balance ASIO s ability to exercise its security intelligence role while ensuring that appropriate oversight and accountability measures are in place. A range of measures exist, including a comprehensive suite of external checks and balances. Accountability mechanisms include a number of external reviews, oversight by the Attorney-General, an ongoing regime of inspections and inquiries by the Inspector-General of Intelligence and Security and the Independent Reviewer of Adverse Security Assessments, and ongoing appearances before parliamentary committees such as Senate Estimates. Corporately, ASIO anticipates the formal handover (practical completion) of the Ben Chifley Building. This purpose-built facility will better enable ASIO to do its job in the short and long term. 258

3 1.2 AGENCY RESOURCE STATEMENT Table 1.1 shows the total resources from all sources. Table 1.1: Agency resource statement Budget estimates for as at Budget May 2014 Estimate of prior year Actual amounts + Proposed = Total available available in at Budget estimate appropriation $ 000 $ 000 $ 000 $ 000 ORDINARY ANNUAL SERVICES 1 Departmental appropriation Prior year departmental appropriation 2 193, , ,614 Departmental appropriation 3 390, , ,024 s 31 relevant agency receipts 4 16,367 16,367 17,237 Total ordinary annual services 193, , , ,875 OTHER SERVICES 5 Departmental non-operating Equity injections 5, ,595 5,227 Total other services 5, ,595 5,227 Total available annual appropriations 198, , , ,102 Total net resourcing for agency 198, , , ,102 All figures are GST exclusive. 1. Appropriation Bill (No. 1) Estimated adjusted balance carried forward from previous year. 3. Includes an amount of $33.179m in for the departmental capital budget (see Table for further details). For accounting purposes this amount has been designated as contributions by owners. 4. Section 31 relevant agency receipts estimate. 5. Appropriation Bill (No. 2) BUDGET MEASURES Measures announced in the Mid-Year Economic and Fiscal Outlook (MYEFO) and other measures not previously reported in a portfolio statement are summarised in Part 2 of Table 1.2. Table 1.2: Agency Budget measures Part 1: Measures announced since the MYEFO ASIO has no new post-myefo measures. 259

4 Part 2: MYEFO and other measures not previously reported in a portfolio statement Programme $ 000 $ 000 $ 000 $ 000 $ 000 Measures Efficiency Dividend a further temporary increase of 0.25 per cent 1.1 Departmental expenses (1,001) (1,969) (3,040) (3,061) Total measures (1,001) (1,969) (3,040) (3,061) Prepared on a Government Finance Statistics (fiscal) basis. Section 2: Outcomes and planned performance 2.1 OUTCOMES AND PERFORMANCE INFORMATION Government outcomes are the intended results, impacts or consequences of actions by the government on the Australian community. Commonwealth programmes are the primary vehicle by which government agencies achieve the intended results of their outcome statements. Agencies are required to identify the programmes that contribute to government outcomes over the budget and forward years. ASIO s outcome is described below together with its related programme, specifying the performance indicators and targets used to assess and monitor the performance of ASIO in achieving government outcomes. Outcome 1: To protect Australia, its people and its interests from threats to security through intelligence collection, assessment and advice to Government Outcome 1 strategy ASIO s outcome supports the Australian Government s policy aim of A secure Australia in a secure region. The information provided in the ASIO budget statement has necessarily been limited by the need to observe the requirements of national security. This is consistent with current practice observed by ASIO in presenting its annual report, where all sensitive information is excluded in accordance with section 94 of the ASIO Act. This budget statement contains broad information on appropriations and performance. Additional national security classified information is provided to the Attorney-General, the National Security Committee of Cabinet and the Parliamentary Joint Committee on Intelligence and Security. This enables scrutiny of the detail of ASIO s appropriations and performance information related to outcomes and programmes. 260

5 Outcome 1 expense statement Table 2.1 provides an overview of the total expenses for Outcome 1, by programme. Table 2.1: Budgeted expenses for Outcome Estimated actual Estimated Outcome 1: To protect Australia, its people and its interests from threats to security through intelligence collection, assessment and expenses expenses advice to Government $ 000 $ 000 Programme 1.1: Security Intelligence Departmental expenses Departmental appropriation 1 386, ,292 Expenses not requiring appropriation in the budget year 2 56,891 65,097 Total expenses for Outcome 1 443, , Average staffing level (number) 1,750 1,720 Note: Departmental appropriation splits and totals are indicative estimates and may change in the course of the budget year as government priorities change. 1. Departmental appropriation combines Ordinary annual services (Appropriation Bill No. 1) and Revenue from independent sources (s 31). 2. Expenses not requiring appropriation in the budget year are made up of depreciation and amortisation expenses and resources received free of charge. Contributions to Outcome 1 Programme 1.1: Security Intelligence Programme 1.1 objective ASIO s programme objective is to protect Australia, its people and its interest from threats to security through intelligence collection, assessment and advice to government. Programme 1.1 expenses ASIO s expenses remain fairly constant over the forward estimates, with the exception of This decrease in expenses is due to a reduction in revenue from government. ASIO aims to maintain a break-even result Estimated Forward Forward Forward actual Budget estimate estimate estimate $ 000 $ 000 $ 000 $ 000 $ 000 Annual departmental expenses Departmental item 386, , , , ,906 Expenses not requiring appropriation in the budget year 1 56,891 65,097 68,462 74,503 73,574 Total programme expenses 443, , , , , Expenses not requiring appropriation in the budget year are made up of depreciation and amortisation expenses and resources received free of charge. 261

6 Programme 1.1 deliverables There are four components of the programme, each providing a key contribution to the outcome: Security intelligence analysis and advice informs stakeholders of ASIO s work in countering terrorism, espionage and other threats to national security. It includes strategic assessment and advice, threat assessment and advice, industry engagement and advice, proscription-related advice, security assessment and advice and support to security intelligence-related prosecutions and litigation. Protective security advice enhances physical, technical, procedural, personnel and information security. It includes protective security risk reviews, Top Secret certifications, technical surveillance countermeasures, security equipment evaluation, protective security training and the Protective Security Policy Framework. Security intelligence investigation and capabilities fulfil ASIO s intelligence collection requirements through all-source security intelligence collection, complex tactical investigations, analysis, and engagement with national and international partners. It includes counter-terrorism investigations and analysis, counter-espionage and foreign interference investigations and analysis, and border integrity investigations and analysis. Foreign intelligence collection in Australia includes tasks undertaken at the request of the Minister for Defence or the Minister for Foreign Affairs. Due to national security reasons, ASIO does not provide details of its deliverables. Programme 1.1 key performance indicators ASIO has two key performance indicators: the contribution of ASIO s action and advice to the management and reduction of risk to: people and property government business and national infrastructure special events of national and international significance the security of ASIO s activities. Achievement of these indicators will be monitored by: the level of government satisfaction as indicated by client feedback relevant client feedback on agency outputs in regard to quality and timeliness resource use against priorities and cost-effectiveness ASIO s security performance maintenance of ASIO s security integrity. 262

7 Section 3: Explanatory tables and budgeted financial statements Section 3 presents explanatory tables and budgeted financial statements which provide a comprehensive snapshot of agency finances for the budget year. It explains how budget plans are incorporated into the financial statements and provides further details of the reconciliation between appropriations and programme expenses. 3.1 EXPLANATORY TABLES Movement of administered funds between years ASIO has no administered funds Special accounts ASIO has no special accounts Australian Government Indigenous expenditure ASIO has no Indigenous-specific expenses. 3.2 BUDGETED FINANCIAL STATEMENTS Differences in agency resourcing and financial statements There is no material difference between the agency resourcing and financial statements Analysis of budgeted financial statements Income statement Total expenses are estimated to be $ m in , an increase of $9.611m from The increase is primarily the result of increased depreciation. ASIO s revenue from government will decrease from $ m in to $ m in This is due to the termination of ASIO s direct appropriation for security assessments relating to irregular maritime arrivals and further efficiency dividends. ASIO is expecting an operating loss of $13.000m in The loss is due to one-off rent and relocation costs associated with the move to the Ben Chifley Building. Balance sheet ASIO s estimated net asset position is $ m in , a decrease of $44.435m from The decrease is attributable to the completion of the Ben Chifley Building. Capital budget statement ASIO is estimating capital outlays of $76.166m in , an increase of $13.778m from , primarily relating to the completion of the Ben Chifley Building. 263

8 3.2.3 Budgeted financial statements tables Table 3.2.1: Comprehensive income statement (showing net cost of services) for the period ended 30 June Estimated Budget Forward Forward Forward actual estimate estimate estimate estimate $ 000 $ 000 $ 000 $ 000 $ 000 EXPENSES Employee benefits 213, , , , ,819 Suppliers 173, , , , ,202 Depreciation and amortisation 56,776 64,982 68,347 74,388 73,459 Total expenses 443, , , , ,480 LESS: OWN-SOURCE INCOME Own-source revenue Sale of goods and rendering of services 14,551 15,278 16,043 16,844 17,688 Other 2,686 2,820 2,961 3,109 3,265 Total own-source revenue 17,237 18,098 19,004 19,953 20,953 Gains Other Total gains Total own-source income 17,352 18,213 19,119 20,068 21,068 Net cost of (contribution by) services 426, , , , ,412 Revenue from government 369, , , , ,953 Surplus (deficit) attributable to the Australian Government (56,776) (77,982) (68,347) (74,388) (73,459) OTHER COMPREHENSIVE INCOME Changes in asset revaluation surplus Total other comprehensive income Total comprehensive income (loss) (56,776) (77,982) (68,347) (74,388) (73,459) Total comprehensive income (loss) attributable to the Australian Government (56,776) (77,982) (68,347) (74,388) (73,459) Note: Impact of net cash appropriation arrangements $ 000 $ 000 $ 000 $ 000 $ 000 Total comprehensive income (loss) excluding depreciation/amortisation expenses previously funded through revenue appropriations (13,000) Less depreciation/amortisation expenses previously funded through revenue appropriations 56,776 64,982 68,347 74,388 73,459 Total comprehensive income (loss) as per the statement of comprehensive income (56,776) (77,982) (68,347) (74,388) (73,459) Prepared on Australian Accounting Standards basis. 264

9 Table 3.2.2: Budgeted departmental balance sheet (as at 30 June) Estimated Budget Forward Forward Forward actual estimate estimate estimate estimate $ 000 $ 000 $ 000 $ 000 $ 000 ASSETS Financial assets Cash and cash equivalents 12,632 13,587 12,956 11,844 12,412 Trade and other receivables 190, ,307 97,172 74,605 71,591 Other financial assets 3,011 3,162 3,320 3,486 3,660 Total financial assets 205, , ,448 89,935 87,663 Non-financial assets Land and buildings 253, , , , ,329 Property, plant and equipment 85,632 93,502 84,473 94,644 76,753 Intangibles 29,863 49,283 55,187 53,629 53,531 Other non-financial assets 14,591 15,024 15,139 15,866 15,331 Total non-financial assets 383, , , , ,944 Total assets 589, , , , ,607 LIABILITIES Payables Suppliers 13,456 11,681 7,839 10,864 10,991 Other payables 8,556 9,118 7,711 9,127 9,393 Total payables 22,012 20,799 15,550 19,991 20,384 Interest-bearing liabilities Lease incentives 1,935 1,548 1, Total interest-bearing liabilities 1,935 1,548 1, Provisions Employee provisions 65,425 66,822 60,780 62,172 62,821 Other provisions 10,475 10,946 11,439 11,954 12,492 Total provisions 75,900 77,768 72,219 74,126 75,313 Total liabilities 99, ,115 88,930 94,891 96,084 Net assets 489, , , , ,523 EQUITY Parent entity interest Contributed equity 601, , , , ,591 Reserves 17,931 17,931 17,931 17,931 17,931 Retained surplus (accumulated deficit) (129,823) (207,805) (276,152) (350,540) (423,999) Total parent entity interest 489, , , , ,523 Total equity 489, , , , ,523 Prepared on Australian Accounting Standards basis. 265

10 Table 3.2.3: Departmental statement of changes in equity summary of movement (budget year ) Asset Contributed Retained revaluation equity/ Total earnings reserve capital equity $ 000 $ 000 $ 000 $ 000 Opening balance as at 1 July 2014 Balance carried forward from previous period (129,823) 17, , ,554 Adjustment for changes in accounting policies Adjusted opening balance (129,823) 17, , ,554 Comprehensive income Surplus (deficit) for the period (77,982) (77,982) Total comprehensive income (77,982) (77,982) Transactions with owners Distributions to owners Contributions by owners Equity injection appropriation Departmental capital budget 33,179 33,179 Sub-total transactions with owners 33,547 33,547 Estimated closing balance as at 30 June 2015 (207,805) 17, , ,119 Closing balance attributable to the Australian Government (207,805) 17, , ,119 Prepared on Australian Accounting Standards basis. 266

11 Table 3.2.4: Budgeted departmental statement of cash flows (for the period ended 30 June) Estimated Budget Forward Forward Forward actual estimate estimate estimate estimate $ 000 $ 000 $ 000 $ 000 $ 000 OPERATING ACTIVITIES Cash received Appropriations 373, , , , ,204 Sale of goods and rendering of services 17,729 16,367 13,979 16,677 15,513 Other 3,196 1,224 2,929 2,749 3,029 Total cash received 394, , , , ,746 Cash used Employees 206, , , , ,170 Suppliers 174, , , , ,008 Total cash used 381, , , , ,178 Net cash from (used by) operating activities 13,264 43,574 9,627 27, INVESTING ACTIVITIES Cash used Purchase of property, plant and equipment 62,388 76,166 43,191 61,467 32,945 Total cash used 62,388 76,166 43,191 61,467 32,945 Net cash from (used by) investing activities (62,388) (76,166) (43,191) (61,467) (32,945) FINANCING ACTIVITIES Cash received Contributed equity 47,539 33,547 32,933 32,720 32,945 Total cash received 47,539 33,547 32,933 32,720 32,945 Net cash from (used by) financing activities 47,539 33,547 32,933 32,720 32,945 Net increase (decrease) in cash held (1,585) 955 (631) (1,112) 568 Cash and cash equivalents at the beginning of the reporting period 14,217 12,632 13,587 12,956 11,844 Cash and cash equivalents at the end of the reporting period 12,632 13,587 12,956 11,844 12,412 Prepared on Australian Accounting Standards basis. 267

12 Table 3.2.5: Departmental capital budget statement Estimated Budget Forward Forward Forward actual estimate estimate estimate estimate $ 000 $ 000 $ 000 $ 000 $ 000 NEW CAPITAL APPROPRIATIONS Capital budgets Bill 1 (DCB) 47,374 33,179 32,933 32,720 32,945 Equity injections Bill Total new capital appropriations 47,539 33,547 32,933 32,720 32,945 Provided for: Purchase of non-financial assets 47,539 33,547 32,933 32,720 32,945 Total items 47,539 33,547 32,933 32,720 32,945 PURCHASE OF NON-FINANCIAL ASSETS Funded by capital appropriations Funded by capital appropriation DCB 2 45,881 58,443 32,933 32,720 32,945 Funded internally from departmental resources 3 16,342 17,355 10,258 28,747 Total 62,388 76,166 43,191 61,467 32,945 RECONCILIATION OF CASH USED TO ACQUIRE ASSETS TO ASSET MOVEMENT TABLE Total purchases 62,388 76,166 43,191 61,467 32,945 Total cash used to acquire assets 62,388 76,166 43,191 61,467 32,945 Prepared on Australian Accounting Standards basis. DCB = departmental capital budget. 1. Includes both current Bill 2 and prior year Act 2 and 4 appropriations. 2. Does not include annual finance lease costs. Includes purchases from current and previous years DCBs. 3. Includes the following sources of funding: current Bill 1 and prior year Act 1 and 3 appropriations (excluding amounts from the DCB), section 31 relevant agency receipts and proceeds from the sale of assets. 268

13 Table 3.2.6: Statement of asset movements ( ) Other property, Computer plant & software & Land Buildings equipment intangibles Total $ 000 $ 000 $ 000 $ 000 $ 000 As at 1 July 2014 Gross book value 1, , ,291 59, ,867 Accumulated depreciation/ amortisation and impairment (25,893) (39,659) (29,345) (94,897) Opening net book balance 1, ,910 85,632 29, ,970 CAPITAL ASSET ADDITIONS Estimated expenditure on new or replacement assets By purchase appropriation equity By purchase appropriation ordinary annual services 2 6,324 46,512 22,962 75,798 Total additions 6,324 46,880 22,962 76,166 Other movements Depreciation/amortisation expense (22,430) (39,010) (3,542) (64,982) Total other movements (22,430) (39,010) (3,542) (64,982) As at 30 June 2015 Gross book value 1, , ,171 82, ,033 Accumulated depreciation/ amortisation and impairment (48,323) (78,669) (32,887) (159,879) Closing net book balance 1, ,804 93,502 49, ,154 Prepared on Australian Accounting Standards basis. 1. Appropriation equity refers to equity injections provided through Appropriation Bill (No. 2) Appropriation ordinary annual services refers to funding provided through Appropriation Bill (No. 1) for depreciation and amortisation expenses, departmental capital budgets or other operational expenses. 269

14 3.2.4 Notes to the financial statements Basis of accounting The budgeted financial statements have been prepared in accordance with the Finance Minister s Orders and Australian Accounting Standards and interpretations issued by the Australian Accounting Standards Board that apply for the reporting period. The financial statements have been prepared on an accrual basis and are in accordance with the historical cost convention, except for certain assets and liabilities at fair value or amortised cost. Revenue from government Amounts appropriated for departmental programmes for the year (adjusted for any formal additions and reductions) are recognised as revenue when ASIO gains control of the appropriation, except for certain amounts that relate to activities that are reciprocal in nature, in which case revenue is recognised only when it is earned. Appropriations receivable are recognised at their nominal amounts. Revenue from other sources Revenue from other sources relates to other revenue received under section 31 of the Financial Management and Accountability Act This includes revenue for the provision of security assessments and protective security advice, proceeds on sale of assets, rental charges, and resources that are received free of charge. Employee expenses Employee expenses consist of salaries, leave entitlements and superannuation. Supplier expenses Supplier expenses include consultant, contractor, travel and administrative costs. Assets Assets are made up of cash, receivables, land and buildings, infrastructure, plant and equipment, computer software and other (prepayments). 270

COMMONWEALTH GRANTS COMMISSION

COMMONWEALTH GRANTS COMMISSION COMMONWEALTH GRANTS COMMISSION Section 1: Agency overview and resources... 251 1.1 Strategic direction statement... 251 1.2 Agency resource statement... 251 1.3 Budget measures... 252 Section 2: Outcomes

More information

NATIONAL ARCHIVES OF AUSTRALIA

NATIONAL ARCHIVES OF AUSTRALIA NATIONAL ARCHIVES OF AUSTRALIA Section 1: Entity overview and resources 1.1 STRATEGIC DIRECTION STATEMENT The functions of the National Archives of Australia (the Archives) are defined in the Archives

More information

INSOLVENCY AND TRUSTEE SERVICE AUSTRALIA

INSOLVENCY AND TRUSTEE SERVICE AUSTRALIA INSOLVENCY AND TRUSTEE SERVICE AUSTRALIA Section 1: Agency overview and resources 1.1 STRATEGIC DIRECTION STATEMENT The Insolvency and Trustee Service Australia s (ITSA s) purpose is to provide improved

More information

AUSTRALIAN FILM, TELEVISION AND RADIO SCHOOL

AUSTRALIAN FILM, TELEVISION AND RADIO SCHOOL AUSTRALIAN FILM, TELEVISION AND RADIO SCHOOL Section 1: Agency overview and resources 1.1 STRATEGIC DIRECTION STATEMENT The Australian Film, Television and Radio School (AFTRS) was established through

More information

Commonwealth Superannuation Corporation. Entity Resources and Planned Performance

Commonwealth Superannuation Corporation. Entity Resources and Planned Performance Commonwealth Superannuation Corporation Entity Resources and Planned Performance COMMONWEALTH SUPERANNUATION CORPORATION Section 1: Entity Overview and Resources... 111 1.1 Strategic Direction Statement...

More information

Comcare, the Safety, Rehabilitation and Compensation Commission, and the Seafarers Safety, Rehabilitation and Compensation Authority

Comcare, the Safety, Rehabilitation and Compensation Commission, and the Seafarers Safety, Rehabilitation and Compensation Authority Comcare, the Safety, Rehabilitation and Compensation Commission, and the Seafarers Safety, Rehabilitation and Compensation Authority Agency Resources and Planned Performance COMCARE, THE SAFETY, REHABILITATION

More information

AUSTRALIAN FILM, TELEVISION AND RADIO SCHOOL

AUSTRALIAN FILM, TELEVISION AND RADIO SCHOOL AUSTRALIAN FILM, TELEVISION AND RADIO SCHOOL Section 1: Entity overview and resources 1.1 STRATEGIC DIRECTION STATEMENT The Australian Film, Television and Radio School (AFTRS) was established through

More information

Australian Broadcasting Corporation. Entity resources and planned performance

Australian Broadcasting Corporation. Entity resources and planned performance Australian Broadcasting Corporation Entity resources and planned performance 43 AUSTRALIAN BROADCASTING CORPORATION Section 1: Entity overview and resources... 47 1.1 Strategic direction statement...

More information

Australian Communications and Media Authority. Entity resources and planned performance

Australian Communications and Media Authority. Entity resources and planned performance Australian Communications and Media Authority Entity resources and planned performance 91 AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY Section 1: Entity overview and resources... 95 1.1 Strategic direction

More information

Private Health Insurance Ombudsman

Private Health Insurance Ombudsman Private Health Insurance Ombudsman Health and Ageing Portfolio Agency Section 1: Overview...448 Section 2: Resources for 2006-07...449 2.1: Appropriations and Other Resources...449 2.2: 2006-07 Budget

More information

AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

AUSTRALIAN COMPETITION AND CONSUMER COMMISSION AUSTRALIAN COMPETITION AND CONSUMER COMMISSION Section 1: Entity overview and resources... 69 1.1 Strategic direction statement... 69 1.2 Entity resource statement... 72 1.3 Budget measures... 74 Section

More information

STATEMENT 10: AUSTRALIAN ACCOUNTING STANDARD NO. 31 FINANCIAL STATEMENTS

STATEMENT 10: AUSTRALIAN ACCOUNTING STANDARD NO. 31 FINANCIAL STATEMENTS STATEMENT 10: AUSTRALIAN ACCOUNTING STANDARD NO. 31 FINANCIAL STATEMENTS This statement provides financial tables prepared on an accrual basis in accordance with applicable Australian Accounting Standards,

More information

Medicare Australia. Agency resources and planned performance

Medicare Australia. Agency resources and planned performance Medicare Australia Agency resources and planned performance 87 MEDICARE AUSTRALIA Section 1: Agency overview and resources...91 1.1 Strategic direction...91 1.2 Agency resource statement...94 1.3 Budget

More information

AUSTRALIAN CURRICULUM, ASSESSMENT AND REPORTING AUTHORITY

AUSTRALIAN CURRICULUM, ASSESSMENT AND REPORTING AUTHORITY AUSTRALIAN CURRICULUM, ASSESSMENT AND REPORTING AUTHORITY AUSTRALIAN CURRICULUM, ASSESSMENT AND REPORTING AUTHORITY Section 1: Agency overview and resources... 107 1.1 Strategic direction statement...

More information

Asbestos Safety and Eradication Agency. Entity resources and planned performance

Asbestos Safety and Eradication Agency. Entity resources and planned performance Asbestos Safety and Eradication Agency Entity resources and planned performance ASBESTOS SAFETY AND ERADICATION AGENCY Section 1: Entity overview and resources... 65 1.1 Strategic direction statement...

More information

A Brief Summary on the Real Deal When Getting Started

A Brief Summary on the Real Deal When Getting Started Portfolio Budget Statements 2015-16 Budget Related Paper No. 1.3 Communications Portfolio Budget Initiatives and Explanations of Appropriations Specified by Outcomes and Programmes by Entity Commonwealth

More information

Department of Industry financial performance. Department of Industry financial performance

Department of Industry financial performance. Department of Industry financial performance financial performance Chapter 9 PART A CHAPTER 9 financial performance Independent auditor s report 108 Statement by the Secretary and Chief Financial Officer 110 Financial statements 111 Annual Report

More information

Records Authority. Australian Security Intelligence Organisation

Records Authority. Australian Security Intelligence Organisation Records Authority Australian Security Intelligence Organisation This is an accurate reproduction of the authorised records authority content, created for accessibility purposes CONTENTS INTRODUCTION 3

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

Australian Renewable Energy Agency. Agency resources and planned performance

Australian Renewable Energy Agency. Agency resources and planned performance Australian Renewable Energy Agency Agency resources and planned performance 169 ARENA Budget Statements AUSTRALIAN RENEWABLE ENERGY AGENCY Section 1: Agency overview and resources... 171 1.1 Strategic

More information

Total assets 16,045,875 12,923,365

Total assets 16,045,875 12,923,365 schedule of administered assets and liabilities as at 30 June 2001 Notes $ 000 $ 000 118 ASSETS Financial assets Cash 20a (832,168) 987,784 Receivables 20b 14,226,282 9,778,752 Investments 20c 2,388,423

More information

DEFENCE ANNUAL REPORT 2013 14

DEFENCE ANNUAL REPORT 2013 14 DEFENCE ANNUAL REPORT 2013 14 Volume Two Audited financial statements Defending Australia and its National Interests www.defence.gov.au COVER IMAGE: Lisa Tomasetti 2014 Lance Corporal James Duncan, who

More information

Minister for Education; Aboriginal Affairs; Electoral Affairs 2014-15. 2014-15 Estimated Actual $ 000. Budget $ 000

Minister for Education; Aboriginal Affairs; Electoral Affairs 2014-15. 2014-15 Estimated Actual $ 000. Budget $ 000 Division 24 Part 5 Education Services Minister for Education; Aboriginal Affairs; Electoral Affairs Appropriations, Expenses and Cash Assets d DELIVERY OF SERVICES Item 28 Net amount appropriated to deliver

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

Information Paper 16. Long-term Financial Plan (A Model Format for Financial Information)

Information Paper 16. Long-term Financial Plan (A Model Format for Financial Information) Information Paper 16 Long-term Financial (A Model Format for Financial Information) February 2008 LGA Long-term Financial (A Model Format for Financial Information) Information Paper Introduction The LGA

More information

UNIFORM FINANCIAL INFORMATION SOUTH AUSTRALIA 2000-2001

UNIFORM FINANCIAL INFORMATION SOUTH AUSTRALIA 2000-2001 UNIFORM FINANCIAL INFORMATION SOUTH AUSTRALIA 2000-2001 Presented by the Honourable Rob Lucas MLC Treasurer of South Australia on the Occasion of the Budget for 2000-2001 UNIFORM STATISTICAL PRESENTATION

More information

2015-16 Budget and the Government Monthly Financial Statements

2015-16 Budget and the Government Monthly Financial Statements SENATOR THE HON MATHIAS CORMANN Minister for Finance MEDIA RELEASE Friday, 18 December 2015 KEY POINTS AUSTRALIAN GOVERNMENT GENERAL GOVERNMENT SECTOR MONTHLY FINANCIAL STATEMENTS NOVEMBER 2015 The underlying

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

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

The consolidated financial statements of

The consolidated financial statements of Our 2014 financial statements The consolidated financial statements of plc and its subsidiaries (the Group) for the year ended 31 December 2014 have been prepared in accordance with International Financial

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

Forecast Financial Statements. Crown Law Office. JUSTICE SECTOR - INFORMATION SUPPORTING THE ESTIMATES 2008/09 B.5A Vol.7 211

Forecast Financial Statements. Crown Law Office. JUSTICE SECTOR - INFORMATION SUPPORTING THE ESTIMATES 2008/09 B.5A Vol.7 211 Forecast Financial Statements Crown Law Office JUSTICE SECTOR - INFORMATION SUPPORTING THE ESTIMATES B.5A Vol.7 211 Statement of Forecast Financial Performance for the year ending 30 June 2009 Note Income

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

Chapter. Statement of Cash Flows For Single Company

Chapter. Statement of Cash Flows For Single Company Chapter 4 Statement of Cash Flows For Single Company 4.1 Single company statement of cash flows Statement of cash flows are primary financial statements and are required along side the income statement

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 2009 End date: 31st May 2010 Contents of the

More information

Consolidated and Non-Consolidated Financial Statements

Consolidated and Non-Consolidated Financial Statements May 13, 2016 Consolidated and Non-Consolidated Financial Statements (For the Period from April 1, 2015 to March 31, 2016) 1. Summary of Operating Results (Consolidated) (April 1,

More information

CIT SOLUTIONS PTY LTD

CIT SOLUTIONS PTY LTD CIT SOLUTIONS PTY LTD Purpose CIT Solutions Pty Ltd (CIT Solutions) is a company owned by the Canberra Institute of Technology (CIT), which operates under CIT s status as a Registered Training Organisation

More information

APPENDIX A SENSITIVITY ANALYSIS TABLE

APPENDIX A SENSITIVITY ANALYSIS TABLE APPENDIX A SENSITIVITY ANALYSIS TABLE The economic forecasts and assumptions underpinning the 2013-14 Budget are subject to variation. This section analyses the impact of variations in these parameters

More information

Asset management policy

Asset management policy Asset management policy POL-C-002 Version 3.1 26 February 2007 Contents 1. Title... 3 2. Introduction... 3 3. Scope... 3 4. Principles and guidelines... 3 5. Definition of responsibilities... 10 6. References...

More information

Department of the Legislative Assembly Annual Report 2007-08 Financial Statements. Table of Contents

Department of the Legislative Assembly Annual Report 2007-08 Financial Statements. Table of Contents 1 Table of Contents FINANCIAL STATEMENT 3 OVERVIEW... 3 CERTIFICATION OF THE FINANCIAL STATEMENTS... 5 Operating Statement...6 Balance Sheet...7 Statement of Changes of Equity...8 Cash Flow Statement...9

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

Department of the Premier and Cabinet Financial Statements

Department of the Premier and Cabinet Financial Statements Department of the Premier and Cabinet Financial Statements for the year ended 30 June 2014 Financial Statements 2013-14 Contents Page No. Statement of Comprehensive Income 3 Statement of Financial Position

More information

Cork Institute of Technology. Autumn 2006 Advanced Financial Accounting (Time: 3 Hours)

Cork Institute of Technology. Autumn 2006 Advanced Financial Accounting (Time: 3 Hours) Cork Institute of Technology Bachelor of Business in Accounting Award Bachelor of Business in Management - Award Instructions Answer FOUR questions Answer all THREE questions in Section A and ONE question

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

Consolidated Financial Statements (For the fiscal year ended March 31, 2013)

Consolidated Financial Statements (For the fiscal year ended March 31, 2013) Consolidated Financial Statements (For the fiscal year ended ) Consolidated Balance Sheets Current assets: Cash and deposits Other Assets Notes receivable, accounts receivable from completed construction

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

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

1 Fiscal strategy and outlook

1 Fiscal strategy and outlook 1 Fiscal strategy and outlook Features The 2015-16 Budget delivers the Government s election commitments, with key measures to revitalise the State economy and frontline service delivery, especially in

More information

Commonwealth of Australia CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2014

Commonwealth of Australia CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2014 Commonwealth of Australia CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2014 CIRCULATED BY SENATOR THE HONOURABLE MATHIAS CORMANN MINISTER FOR FINANCE OF THE COMMONWEALTH OF AUSTRALIA NOVEMBER

More information

APPENDIX 1: A5 Management Discussion and Analysis

APPENDIX 1: A5 Management Discussion and Analysis APPENDIX 1: A5 Management Discussion and Analysis General overview Objectives The Department of Education and Training (the Department) works in partnership with the community to provide sustainable, high

More information

EUROPEAN UNION ACCOUNTING RULE 6 INTANGIBLE ASSETS

EUROPEAN UNION ACCOUNTING RULE 6 INTANGIBLE ASSETS EUROPEAN UNION ACCOUNTING RULE 6 INTANGIBLE ASSETS Page 2 of 17 I N D E X 1. Objective... 3 2. Scope... 3 3. Definitions... 3 4. Definition of intangible assets... 4 5. Recognition and Measurement... 5

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

CROSSWORD CYBERSECURITY PLC

CROSSWORD CYBERSECURITY PLC Registered number: 08927013 CROSSWORD CYBERSECURITY PLC AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2014 COMPANY INFORMATION DIRECTORS T Ilube J Bottomley Professor D Secher

More information

2014-15. Quarterly Financial Results Report

2014-15. Quarterly Financial Results Report 2014-15 Quarterly Financial Results Report March 2015 GOV ERN MEN T THE OF WES TERN A U S TRA LIA 2014 15 Quarterly Financial Results Report March 2015 2014 15 Quarterly Financial Results Report Government

More information

Criteria for adopting International Standards and Risk Assessments

Criteria for adopting International Standards and Risk Assessments Criteria for adopting International Standards and Risk Assessments February 2016 Criteria for Accepting International Standards and Risk Assessments 1 Table of Contents 1 About the Department... 3 2 The

More information

21 August 2007. Company Announcements Office Australian Stock Exchange Limited, Melbourne. By E-lodgement. Preliminary Final Report

21 August 2007. Company Announcements Office Australian Stock Exchange Limited, Melbourne. By E-lodgement. Preliminary Final Report 21 August 2007 Company Announcements Office Australian Stock Exchange Limited, Melbourne By E-lodgement Preliminary Final Report This release contains an announcement to the Australian Stock Exchange Limited

More information

Guidance for the Preparation of the 2014-15 Portfolio Budget Statements. Governance and Resource Management Group

Guidance for the Preparation of the 2014-15 Portfolio Budget Statements. Governance and Resource Management Group Guidance for the Preparation of the 2014-15 Portfolio Budget Statements Governance and Resource Management Group ATTACHMENT A MARCH 2014 Table of Contents INTRODUCTION... 3 THE PURPOSE OF THIS GUIDANCE...

More information

ACCOUNTING AND FINANCIAL MANAGEMENT POLICY

ACCOUNTING AND FINANCIAL MANAGEMENT POLICY ACCOUNTING AND FINANCIAL MANAGEMENT POLICY Document data Document type: Rule/Policy/Plan/Guidelines/Operating Procedures Administering entity: Administration & Finance Manager Date approved: April 2009

More information

3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS

3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS 3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS (1) Consolidated Quarterly Balance Sheets September 30, 2014 and March 31, 2014 Supplementary Information 2Q FY March 2015 March 31, 2014 September 30, 2014

More information

Notes to the 2008 Full financial statements continued

Notes to the 2008 Full financial statements continued 30 CHANGES IN EQUITY, SHARE PREMIUM AND RESERVES Year ended 31 December 2008 Year ended 31 December 2007 Attributable Outside Total Attributable Outside Total to interests to interests shareholders shareholders

More information

For personal use only

For personal use only HIRE INTELLIGENCE INTERNATIONAL LIMITED (ABN 79 098 210 121) Appendix 4E Preliminary final report Financial year ended 30 June 2012 Results for announcement to the market In thousands of AUD Revenues from

More information

Information Paper 9. Local Government Financial Indicators

Information Paper 9. Local Government Financial Indicators Information Paper 9 Local Government Financial Indicators November, 2006 Introduction Formal financial statements contain a wealth of information. Unfortunately their detail and format often mean it is

More information

CPA Australia Public Sector Finance and Management Conference

CPA Australia Public Sector Finance and Management Conference A U S T R A L I A N N A T I O N A L A U D I T CPA Australia Public Sector Finance and Management Conference Financial Management in the Public Sector How accrual accounting enhances governance and accountability

More information

CAPITAL CHARGE RATE AND CHANGES TO THE INCENTIVE REGIME

CAPITAL CHARGE RATE AND CHANGES TO THE INCENTIVE REGIME DH 6-2-1 21 December 2000 Treasury Circular 2000/16 Unrestricted Distribution Chief Executives Directors of Finance/Chief Accountants Contact for Enquiries: Treasury Vote Teams CAPITAL CHARGE RATE 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

Small Business Development Corporation

Small Business Development Corporation Division 67 Part 15 Small Business Development Corporation Minister for Emergency Services; Corrective Services; Small Business; Veterans Appropriations, Expenses and Cash Assets d DELIVERY OF SERVICES

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

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

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

Statutory Financial Reporting Policy

Statutory Financial Reporting Policy Statutory Financial Reporting Policy Reference Number: 3.15 12/270185 Type: Council Category: Corporate Services Relevant Community Plan Outcome: Demonstrate effective leadership with strong community

More information

Contact Reporting Guidelines The Australian Government Contact Reporting Scheme

Contact Reporting Guidelines The Australian Government Contact Reporting Scheme Contact Reporting Guidelines The Australian Government Contact Reporting Scheme Version 1.0 Approved September 2010 Contents Introduction... 1 The role of ASIO... 1 Australian Government Contact Reporting

More information

Lodged with the ASX under Listing Rule 4.2A. Results for announcement to the market 2. Directors report 3. Consolidated interim income statement 6

Lodged with the ASX under Listing Rule 4.2A. Results for announcement to the market 2. Directors report 3. Consolidated interim income statement 6 TPG Telecom Limited ABN 46 093 058 069 and its controlled entities ASX Appendix 4D and Half Year Financial Report 31 January 2012 Lodged with the ASX under Listing Rule 4.2A Contents Page Results for announcement

More information

LONG TERM FINANCIAL PLAN 2011/2012 2020/2021

LONG TERM FINANCIAL PLAN 2011/2012 2020/2021 LONG TERM FINANCIAL PLAN 2011/2012 2020/2021 INDEX TO CONTENTS 1. Long Term Financial Planning Defined 1.1 Purpose 1.2 Principles 1.3 CEO Statement on Financial Sustainability 2. Impacts upon the Current

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

Australia s counter-terrorism laws

Australia s counter-terrorism laws Australia s counter-terrorism laws & Questions and answers OFFENCES This pamphlet is a reference to help explain Australia s counter-terrorism laws. There are five main sections to this pamphlet: Terrorist

More information

Volex Group plc. Transition to International Financial Reporting Standards Supporting document for 2 October 2005 Interim Statement. 1.

Volex Group plc. Transition to International Financial Reporting Standards Supporting document for 2 October 2005 Interim Statement. 1. Volex Group plc Transition to International Financial Reporting Standards Supporting document for 2 October 2005 Interim Statement 1. Introduction The consolidated financial statements of Volex Group plc

More information

Department of Environment and Heritage Protection. Financial Statements. for the financial year ended 30 June 2014

Department of Environment and Heritage Protection. Financial Statements. for the financial year ended 30 June 2014 Department of Environment and Heritage Protection Financial Statements for the financial year ended 30 June 2014 Contents Page Number Statement of Comprehensive Income 2 Statement of Financial Position

More information

Glossary of Terms 55. Independent Auditors Report 58

Glossary of Terms 55. Independent Auditors Report 58 E A S T A Y R S H I R E CO U N C I L Statement of Accounts 2007 2008 Contents Page No Explanatory Foreword by the Executive Head of Finance and Asset Management 1 Statement of Accounting Policies 6 Statement

More information

Section 6 Financial Reporting

Section 6 Financial Reporting Section 6 Financial Reporting Contents Page 6.1 Financial Reporting Responsibilities... 3 6.1.1 Introduction 3 6.1.2 Reporting Requirements 4 6.1.3 Plan for the Future 6 6.1.4 Annual Budget 8 6.1.5 Budget

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

Department of National Parks, Recreation, Sport and Racing. Annual Financial Statements for the financial year ended 30 June 2013

Department of National Parks, Recreation, Sport and Racing. Annual Financial Statements for the financial year ended 30 June 2013 Annual Financial Statements for the financial year ended 30 June 2013 Department of National Parks, Recreation, Sport and Racing Financial Statements for the financial year ended 30 June 2013 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

TREASURER S DIRECTIONS ACCOUNTING ASSETS Section A2.11 : Construction (Work in Progress)

TREASURER S DIRECTIONS ACCOUNTING ASSETS Section A2.11 : Construction (Work in Progress) TREASURER S DIRECTIONS ACCOUNTING ASSETS Section A2.11 : Construction (Work in Progress) STATEMENT OF INTENT Costs associated with the construction or development of an asset can be significant and should

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

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

Annual Accounts for the period

Annual Accounts for the period Annual Accounts for the period Period start date To Period end date Charity Name Charity No (if any) Section A Statement of financial activities Descriptions by natural category Note Unrestricted funds

More information

COST RECOVERY IMPLEMENTATION STATEMENT AusCheck Background Checking Activity 2015-16

COST RECOVERY IMPLEMENTATION STATEMENT AusCheck Background Checking Activity 2015-16 COST RECOVERY IMPLEMENTATION STATEMENT AusCheck Background Checking Activity 2015-16 Cost recovery involves charging some or all of the efficient costs of specific government activities undertaken on behalf

More information

Capitalisation of Software

Capitalisation of Software The Auditor-General Audit Report No.14 2010-11 Performance Audit Australian Bureau of Statistics Civil Aviation Safety Authority IP Australia Australian National Audit Office Commonwealth of Australia

More information

Appendix B5: 2014-15 Budget Outcome and Summary of Variations

Appendix B5: 2014-15 Budget Outcome and Summary of Variations Appendix B5: 2014-15 Budget Outcome and Summary of Variations Budget outcome for 2014-15 The Budget result for 2014-15 is estimated to be a surplus of $2.1 billion compared with a budgeted deficit of $283

More information

Developing and Managing Internal Budgets. top-down. embed. hasing variation. allocation. forecasting. bottom-up

Developing and Managing Internal Budgets. top-down. embed. hasing variation. allocation. forecasting. bottom-up Developing and Managing Internal Budgets top-down embed hasing variation forecasting allocation bottom-up Better Practice Guide June 2008 ISBN No. 0 642 81021 4 Commonwealth of Australia 2008 COPYRIGHT

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

Commonwealth Financial Accountability Review (CFAR) Paper Is Less More?

Commonwealth Financial Accountability Review (CFAR) Paper Is Less More? Commonwealth Financial Accountability Review (CFAR) Paper Is Less More? Thank you for your correspondence on the CFAR paper Is Less More and for the opportunity to comment on the proposals contained therein.

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

Financial Reporting by Superannuation Plans

Financial Reporting by Superannuation Plans Australian Accounting Standard AAS 25 March 1993 Financial Reporting by Superannuation Plans Prepared by the Public Sector Accounting Standards Board of the Australian Accounting Research Foundation and

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

C2W Music Ltd. Report To The Shareholders Financial Statements Ended September 30 th, 2015

C2W Music Ltd. Report To The Shareholders Financial Statements Ended September 30 th, 2015 C2W Music Ltd. Report To The Shareholders Financial Statements Ended September 30 th, The Board of Directors of C2W Music Limited (the Company ) is pleased to announce the financial results th for the

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

Accounting Standard AASB 1020 December 1999. Income Taxes. Issued by the Australian Accounting Standards Board

Accounting Standard AASB 1020 December 1999. Income Taxes. Issued by the Australian Accounting Standards Board Accounting Standard AASB 1020 December 1999 Income Taxes Issued by the Australian Accounting Standards Board Obtaining a Copy of this Accounting Standard Copies of this Standard are available for purchase

More information

Charities Accounting Standard Accounting Template Explanatory Notes

Charities Accounting Standard Accounting Template Explanatory Notes Charities Accounting Standard Accounting Template Explanatory Notes Introduction Purpose of Accounting Template The Accounting Template is designed to help smaller charities prepare and present financial

More information

(2)Adoptions of simplified accounting methods and accounting methods particular to the presentation of quarterly financial statements: None

(2)Adoptions of simplified accounting methods and accounting methods particular to the presentation of quarterly financial statements: None Financial Statement for the Six Months Ended September 30, 2015 Name of listed company: Mipox Corporation Stock Code: 5381 (URL http://www.mipox.co.jp) Name and Title of Representative: Jun Watanabe, President

More information