UNCONTROLLED IF PRINTED ACCOUNTING POLICY
|
|
- Peregrine Barber
- 8 years ago
- Views:
Transcription
1 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: Commonwealth Authorities and Companies Act 1997 Naval Defence Act 1910 Navy (Canteens) Regulations 1954 Summary. The Accounting Policies of the Royal Australian Navy Central Canteens Board establish the accounting policies for business units trading under the banner, Navy Canteens. The policies provide a framework for the recognition and measurement of Income, Expenses, Assets and Liabilities as mandated by the Australian Accounting Standards Board (AASB) and the Finance Ministers Orders (FMO s)s. In the event the Policies contradict the recommendation of the AASB or the FMO s, the AASB / FMO interpretation shall prevail. Background 1. The RANCCB is subject to the Navy (Canteens) Regulations 1954 read with the Naval Defence Act 1910 and the Commonwealth Authorities and Companies Act The RANCCB operates several business units trading under the banner of Navy Canteens. 2. By virtue of this legislation, the RANCCB is subject to the requirements of the Department of Finance and Deregulation (DOFD) and the AASB in the preparation of Financial Statements. Policy Scope 3. This policy applies to the recognition and measurement of Income, Expenses, Assets and Liabilities of the RANCCB. For the purpose of this Policy, the trading entity name Navy Canteens will be used. Recognition and Measurement of commercial transactions not covered under this policy shall be determined by the CFO and ratified by the Audit Committee. Revenue 4. Revenue from sale of goods is recognised when: a. the risks and reward of ownership have been transferred to the buyer; b. Navy Canteens does not retain managerial involvement or effective control over the goods; Nc Accounting Policy 13 December 2012 Page 1 of 6
2 c. the revenue and transaction costs can be reliably measured; or d. it is probable that economic benefits associated with the transaction will flow to Navy Canteens. 5. Revenue from the rendering of services is recognised when: a. the stage of completion of the transaction at the reporting date can be reliably measured; b. the revenue and transaction costs can be reliably measured; or c. it is probable that economic benefits associated with the transaction will flow to Navy Canteens. 6. Interest revenue is recognised when it is probable that the benefits will flow to Navy Canteens and the revenue can be measured reliably. Revenue is recognised using the effective interest rate method as set out in AASB 139. Employee Entitlements Liabilities 7. Liabilities for services rendered by employees are recognised at the reporting date to the extent that they have not been settled. 8. Liabilities for short-term employee benefits (as defined in AASB 119) and termination benefits due within twelve months of balance date are measured at their nominal amounts. The nominal amount is calculated with regard to the rates expected to be paid on settlement of the liability. 9. Other long-term employee benefits are measured as net total of the present value of the defined benefit obligation at the end of the reporting period minus the fair value at the end of the reporting period of plan assets (if any) out of which the obligations are to be settled directly. Leave 10. The liability for employee benefits includes provision for annual leave and long service leave. No provision has been made for sick leave as all sick leave is non-vesting and the average sick leave taken in future years by employees of Navy Canteens is estimated to be less than the annual entitlement for sick leave. 11. Leave liabilities are calculated on the basis of employees remuneration at the estimated salary rates that will be applied at the time the leave is taken, including the entity s employer superannuation contribution rates to the extent that leave is likely to be taken during service rather than paid out on termination. Page 2 of 6
3 Superannuation 12. Contributions are made by Navy Canteens to employee superannuation funds and are charged as expenses when incurred. Financial Assets Cash 13. Cash is recognised at its nominal amount. Cash and cash equivalents includes: a. cash on hand; and b. demand deposits in bank accounts with an original maturity of 6 months or less that are readily convertible to known amounts of cash and subject to insignificant risk of changes in value. Financial Instruments 14. Financial instruments are initially measured at cost on trade date, which includes transaction costs, when the related contractual rights or obligations exist. Subsequent to initial recognition these instruments are measured as set out below. Trade and other receivables 15. Trade receivables, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as Trade and other receivables. They are included in current assets except for maturities greater than 12 months after balance sheet date. These are classified as non-current assets. Trade and other receivables are measured at cost on trade date. Held-to-maturity investments 16. These investments have fixed maturities, and it is the organisation s intention to hold these investments to maturity. Any held-to-maturity investments held by the group are stated at amortised cost using the effective interest rate method. Financial Liabilities 17. Supplier and other payables are recognised at amortised cost. Liabilities are recognised to the extent that the goods or services have been received (and irrespective of having been invoiced). Leases 18. A distinction is made between finance and operating leases. Finance leases effectively transfer from the lessor to the lessee substantially all the risks and rewards incidental to ownership of leased assets. An operating lease is a lease that is not a finance lease. In operating leases, the lessor effectively retains substantially all such risks and benefits. 19. Where an asset is acquired by means of a finance lease, the asset is capitalised at either the fair value of the lease property or, if lower; the present value of minimum lease payments Page 3 of 6
4 at the inception of the contract and a liability is recognised at the same time for the same amount. 20. The discount rate used is the interest rate implicit in the lease. Leased assets are amortised over the period of the lease. Lease payments are allocated between the principal component and the interest expense. 21. Operating lease payments are expensed on a straight line basis which is representative of the patter of benefits derived from the leased assets. Property Plant and Equipment 22. Purchases of property, plant and equipment are recognised initially at cost in the Balance Sheet. 23. Fair values for each class of asset are determined as shown below: Asset Class Land Building excluding Leasehold improvements Plant and equipment Fair Value measured at: Market selling price Market selling price Market selling price 24. Following initial recognition at cost, property plant and equipment are carried at Fair Value less accumulated depreciation and accumulated impairment losses. Valuations are to be conducted with sufficient frequency to ensure that the carrying amounts of assets do not differ materially from the assets fair values as at the reporting date. The regularity of independent valuations depends upon the volatility of movements in market values for the relevant assets. 25. Revaluation adjustments are to be made on a class basis. Any revaluation increment is recognised in Other Comprehensive Income and accumulated in equity under the heading Revaluation Surplus except to the extent that it reverses a previous revaluation decrement of the same asset class that was previously recognised through profit and loss. Revaluation decrements for a class of assets are recognised directly through profit and loss except to the extent that they reverse a previous revaluation increment for that class. 26. Any accumulated depreciation as at the revaluation date is eliminated against the gross carrying amount of the asset and the asset restated to the re-valued amount. Depreciation 27. Depreciable property plant and equipment assets are written-off to their estimated residual values over their estimated useful lives to Navy Canteens using, where appropriate, the straight-line method or the written down value method of depreciation. 28. Depreciation rates (useful lives), residual values and methods are reviewed at each reporting date and necessary adjustments are recognised in the current, or current and future reporting periods, as appropriate. 29. Depreciation rates applying to each class of depreciable asset are based on the following useful lives: Page 4 of 6
5 Building on freehold land From 5 to 50 Years From 5 to 50 Years Plant and equipment From 5 to 50 Years From 5 to 50 Years Asset recognition threshold 30. Assets costing less than $500 (individually, and not where they form a part of a group of similar items) are expensed to the Statement of Comprehensive Income in the year of acquisition. Impairment 31. Where indications of impairment exist, the asset s recoverable amount is estimated and an impairment adjustment made if the asset s recoverable amount is less than its carrying amount. 32. The recoverable amount of an asset is the higher of its Fair Value less costs to sell and its value in use. Value in use is the present value of the future cash flows expected to be derived from the asset. Where the future economic benefit of an asset is not primarily dependent on the asset s ability to generate future cash flows, and the asset would be replaced if Navy Canteens were deprived of the asset, its value in use is taken to be its depreciated replacement cost. De-recognition 33. An item of property, plant and equipment is derecognised upon disposal or when no further future economic benefits are expected from its use or disposal. GST 34. Revenues, expenses and assets are recognised net of the amount of GST except where the GST incurred on a purchase of goods and services is not recoverable from the taxation authority, in which case the GST is recognised as part of the cost of acquisition of the asset or as part of the expense item as applicable and receivables and payables which are stated with the amount of GST included. 35. The net amount of GST recoverable from, or payable to, the taxation authority is included as part of receivables or payables in the balance sheet. Inventories 36. Inventories held for sale are valued at the lower of cost and net realisable value. Inventories comprise finished product held for resale. 37. Costs incurred in bringing inventories held for sale to its present location and condition are assigned as follows: a. Finished Goods Direct cost plus attributable costs that can be allocated on a reasonable basis. Responsibilities Page 5 of 6
6 38. The CEO, CFO and business unit managers of the Navy Canteens are responsible for the implementation of the approved Accounting Policies. Status: Board Approved Author: CFO Reviewer: CEO Reference: Date: 18-Dec-12 Page 6 of 6
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 informationHow To Write A Budget For The Council
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 informationFINANCE 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 informationSHIRE 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 informationG8 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 informationEXPLANATORY 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 informationArea 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 informationStatutory 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 informationACCOUNTING 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 informationAcal 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 informationDepartment 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 informationSIGNIFICANT GROUP ACCOUNTING POLICIES
SIGNIFICANT GROUP ACCOUNTING POLICIES Basis of consolidation Subsidiaries Subsidiaries are all entities over which the Group has the sole right to exercise control over the operations and govern the financial
More informationSummary 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 informationSTATEMENT 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 informationThe 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 informationThe Uniting Church in Australia - Queensland Synod UnitingCare Queensland. Financial Statements
The Uniting Church in Australia - Queensland Synod Financial Statements Contents Page Consolidated Statement of Profit or Loss and Other Comprehensive Income 1 Consolidated Statement of Financial Position
More information18 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 informationACCOUNTING 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 informationPrincipal 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 informationNote 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 informationFINANCIAL 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 informationAustralian 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 informationStatement of Accounting Policies
Statement of Accounting Policies Statement of Responsibility & Cautionary Note The Draft 2015/2025 Long Term Plan was authorised for issue by Council on 22 April 2015. The purpose of this Long Term Plan
More informationABN 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 informationAPPENDIX 1: Statement of Current Accounting Policies
APPENDIX 1: Statement of Current Accounting Policies 1. REPORTING ENTITY KiwiRail Holdings Limited ( KiwiRail, the Parent ) is a company domiciled in New Zealand, registered under the Companies Act 1993
More informationTotal 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 informationANNUAL 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 informationDepartment 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 informationDepartment 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 information1. Parent company accounting policies
Financial Statements Notes to the parent company financial statements 1. Parent company accounting policies Basis of preparation The separate financial statements of the Company are presented as required
More informationACCOUNTING 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 informationTransition 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 informationFinancial and statutory reports
Financial and statutory reports Understanding our reports This financial report enables readers to assess the corporation s results for the year, including our present financial position, future outlook
More informationPreliminary 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 informationAustralian 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 informationRDR 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 informationResidual 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 informationFinancial 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 informationDraft Statement of Accounting Policies
Bay of Plenty Regional Council Draft Statement of Accounting Policies Supporting Document for the Consultation Document for the proposed Long Term Plan 2015-2025 20 February 2015 Statement of accounting
More informationANNUAL 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 informationACCOUNTING POLICIES. for the year ended 30 June 2014
ACCOUNTING POLICIES REPORTING ENTITIES City Lodge Hotels Limited (the company) is a company domiciled in South Africa. The group financial statements of the company as at and comprise the company and its
More informationPer AarsleffA/S in the course offormation
Per AarsleffA/S in the course offormation Lokesvej 15 DK-823o Abyhoj Opening Balance Sheet at 1 October 2015 following contribution of activities from Per Aarsleff Holding A/S, CVR No 24 25 77 97 Contents
More informationDepartment 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 informationQueensland Fire and Emergency Services 2013-14 Annual Report
51 Foreword Queensland Fire and Emergency Services is a Queensland Government department established under the Public Service Act 2008. The department was established on 1 November 2013 under The Public
More informationTÉCNICAS REUNIDAS, S.A. Annual accounts for the year ended 31 December 2013 and 2013 Director s Report
TÉCNICAS REUNIDAS, S.A. Annual accounts for the year ended 31 December 2013 and 2013 Director s Report Contents of the annual accounts of Técnicas Reunidas, S.A. Note Page Balance sheet 4 Income statement
More informationThe 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 informationAccounting and reporting by charities EXPOSURE DRAFT
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 informationINTERNATIONAL 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 informationMOTOR 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 informationSTATEMENT 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 informationSAMPLE MANUFACTURING COMPANY LIMITED CONSOLIDATED FINANCIAL STATEMENTS. Year ended December 31, 2011
SAMPLE MANUFACTURING COMPANY LIMITED CONSOLIDATED FINANCIAL STATEMENTS Year ended SAMPLE MANUFACTURING COMPANY LIMITED CONSOLIDATED FINANCIAL STATEMENTS For the year ended The information contained in
More informationANNUAL 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 informationThese financial statements cover the Department of Communities Retail Stores.
Foreword Foreword These financial statements cover the. Retail Stores is an operational unit established within the Department of Communities which is a Queensland Government department established under
More informationINSOLVENCY 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 informationTürkiye 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 informationEDP Renováveis, S.A. Annual Accounts 31 December 2011. Directors Report 2011. (With Auditors Report Thereon)
EDP Renováveis, S.A. Annual Accounts 31 December 2011 Directors Report 2011 (With Auditors Report Thereon) EDP Renováveis, S.A. Balance Sheets at 31 December 2011 and 2010 (Expressed in thousands of Euros)
More informationMetropolitan 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 informationVASSETI (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 informationRELIANCE 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 informationExample 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 informationINNER 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 informationAuditor General. I believe that the audit evidence obtained is sufficient and appropriate to provide a basis for my audit opinion.
Auditor General INDEPENDENT AUDITOR S REPORT To the Parliament of Western Australia SMALL BUSINESS DEVELOPMENT CORPORATION Report on the Financial Statements I have audited the accounts and financial statements
More informationConsolidated financial statements
Summary of significant accounting policies Basis of preparation DSM s consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted
More informationFinancial statements Department of Agriculture, Fisheries and Forestry
Financial statements Department of Agriculture, Fisheries and Forestry DEPARTMENT OF AGRICULTURE, FISHERIES AND FORESTRY Financial Statements Contents Page Statement of Comprehensive Income 66 Statement
More information1: Significant Accounting Policies
Notes to the financial statements 1: Significant Accounting Policies The financial statements of Australia and New Zealand Banking Group Limited (the Company) and its controlled entities (the Group) for
More informationSignificant Accounting Policies
Apart from the accounting policies presented within the corresponding notes to the financial statements, other significant accounting policies are set out below. These policies have been consistently applied
More informationTCS 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 informationAll staff dealing with fixed assets must comply with the policies and procedures that relate to fixed assets.
Fixed Assets Policy Purpose The purpose of the policy is to define fixed assets, the policy of capitalising expenditure at fair value and effectively controlling such assets (including contributed assets).
More informationFinancial Statements. Contents. General information
Financial Statements General information These financial statements cover the Crime and Misconduct Commission, an independent statutory body established under the Crime and Misconduct Act 2001, which reports
More informationTREASURER S DIRECTIONS ACCOUNTING LIABILITIES Section A3.6 : Leases
TREASURER S DIRECTIONS ACCOUNTING LIABILITIES Section A3.6 : Leases STATEMENT OF INTENT Assets required by Agencies to deliver outputs can be obtained by purchase or by lease. This Section provides the
More informationBetaShares 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 informationRabobank Group. Consolidated Financial Statements 2005. prepared in accordance with International Financial Reporting Standards
Rabobank Group Consolidated Financial Statements 2005 prepared in accordance with International Financial Reporting Standards Rabobank Group Consolidated Financial Statements 2005 This publication, the
More informationIn addition, Outokumpu has adopted the following amended standards as of January 1, 2009:
1. Corporate information Outokumpu Oyj is a Finnish public limited liability company organised under the laws of Finland and domiciled in Espoo. The parent company, Outokumpu Oyj, has been listed on the
More informationCOOK 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 informationIFRS IN PRACTICE. IAS 7 Statement of Cash Flows
IFRS IN PRACTICE IAS 7 Statement of Cash Flows 2 IFRS IN PRACTICE - IAS 7 STATEMENT OF CASH FLOWS TABLE OF CONTENTS 1. Introduction 3 2. Definition of cash and cash equivalents 4 2.1. Demand deposits 4
More informationNOTES TO THE FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS 1: Significant Accounting Policies The financial statements of Australia and New Zealand Banking Group Limited (the Company) and its controlled entities (the Group) for
More informationAccounting Standard AASB 1041 July 2001. Revaluation of Non-Current Assets
Accounting Standard AASB 1041 July 2001 Revaluation of Non-Current Assets Obtaining a Copy of this Accounting Standard Copies of this Standard are available for purchase from the Australian Accounting
More informationAudited Financial Statements For the Financial Year ended 31 December 2012
Audited Financial Statements For the Financial Year ended 31 December Tokio Marine Life Insurance Singapore Ltd. (Incorporated in Singapore. Registration Number: 194800055D) And Its Subsidiary TOKIO MARINE
More informationANNUA L RE P OR T 2012 FINANCIAL STATEMENTS
01 INDEX 02 INCOME STATEMENT 03 STATEMENT OF COMPREHENSIVE INCOME 04 STATEMENT OF FINANCIAL POSITION 05 STATEMENT OF CHANGES IN EQUITY 07 STATEMENT OF CASH FLOWS 08 NOTES TO AND FORMING PART OF THE 1.
More informationProperty, Plant and Equipment
STATUTORY BOARD FINANCIAL REPORTING STANDARD SB-FRS 16 Property, Plant and Equipment SB-FRS 16 Property, Plant and Equipment applies to Statutory Boards for annual periods beginning on or after 1 January
More informationJones 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 informationGOODYEAR (THAILAND) PUBLIC COMPANY LIMITED FINANCIAL STATEMENTS 31 DECEMBER 2011
GOODYEAR (THAILAND) PUBLIC COMPANY LIMITED FINANCIAL STATEMENTS 31 DECEMBER 2011 AUDITOR S REPORT To the Shareholders of Goodyear (Thailand) Public Company Limited I have audited the accompanying statements
More informationAUSTRALIAN WOUND MANAGEMENT ASSOCIATION INCORPORATED FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2012
AUSTRALIAN WOUND MANAGEMENT ASSOCIATION INCORPORATED FINANCIAL REPORT CONTENTS Page No. Committee's Report 2 Income Statement 3 Balance Sheet 4 Statement of Recognised Income and Expense 5 Cash Flow Statement
More informationINTANGIBLE ASSETS IAS 38
INTANGIBLE ASSETS IAS 38 Road Map on IAS 38 1. Definition of intangible asset 2. Recognition and measurement 3. Recognition of expense 4. Measurement after recognition 5. Useful life 6. Intangible assets
More informationHalf-Year 31 December. Half-Year 31 December $A 000. Revenue from ordinary activities 6,828 4,728 2,100 44.4 Profit/(loss) from ordinary activities
PACIFIC TURBINE BRISBANE LTD ABN 99 098 390 991 Results for Announcement to the Market Profit for the six months to 31 December 2005 Current period Result Net profit after tax at 31 December 2005 was 1,023,471.
More informationAccounting policies. General information. Comparatives for 2011. Summary of significant accounting policies. Changes in accounting policies
Accounting policies General information This document constitutes the Annual Report and Financial Statements in accordance with UK Listing Rules requirements and the Annual Report on Form 20-F in accordance
More informationGlobal 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 informationN o t e s t o t h e A n n u a l F i n a n c i a l S t a t e m e n t s
For the year ended 31 March 2010 Accounting Policies 1. Presentation of Annual Financial Statements The annual financial statements have been prepared in accordance with South African Statements of Generally
More informationNEPAL ACCOUNTING STANDARDS ON BUSINESS COMBINATIONS
NAS 21 NEPAL ACCOUNTING STANDARDS ON BUSINESS COMBINATIONS CONTENTS Paragraphs OBJECTIVE 1 SCOPE 2-14 Identifying a business combination 5-10 Business combinations involving entities under common control
More informationIAS 38 Intangible Assets
2012 Technical Summary IAS 38 Intangible Assets as issued at 1 January 2012. Includes IFRSs with an effective date after 1 January 2012 but not the IFRSs they will replace. This extract has been prepared
More informationNotes to the Financial Statements
These notes form an integral part of and should be read in conjunction with the accompanying financial statements. 1. General The Company is a public limited company domiciled and incorporated in Singapore.
More informationIncome statements. Earnings per share: Basic and diluted earnings per share 10 13.46 10.76 2012 $000 2012 $000 2013 $000 2013 $000.
46 Financial statements Income statements For the year ended 30 June Notes Income Airfield income 81,573 77,299 81,573 77,299 Passenger services charge 120,242 83,081 120,242 83,081 Terminal services charge
More informationVITAFOAM 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 informationSTATEMENT OF ACCOUNTING POLICIES
STATEMENT OF ACCOUNTING POLICIES Reporting entity The prospective financial statements of the Waitaki District Council are for the years ended 30 June 2016 and for the subsequent ten years, ending 30 June
More informationNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
1 GENERAL INFORMATION COSCO Pacific Limited (the Company ) and its subsidiaries (collectively the Group ) are principally engaged in the businesses of managing and operating container terminals, container
More informationConsolidated financial statements
Annual Report Financial statements Consolidated financial statements Consolidated financial statements Consolidated income statement for the year ended 30 June Notes Revenue 2 7,632 7,235 Operating expense
More informationDhanamitr 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 informationHow To Account For Property, Plant And Equipment
International Accounting Standard 16 Property, Plant and Equipment Objective 1 The objective of this Standard is to prescribe the accounting treatment for property, plant and equipment so that users of
More informationDepartment 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 informationDEPARTMENT OF TOURISM, MAJOR EVENTS, SMALL BUSINESS AND THE COMMONWEALTH GAMES. Financial Statements. for the year ended 30 June 2014
Financial statements DEPARTMENT OF TOURISM, MAJOR EVENTS, SMALL BUSINESS AND THE COMMONWEALTH GAMES Financial Statements for the year ended 3 June Contents Page No. Statement of comprehensive income....
More information