8. Our Finances

Our Finances

• How we are funded
• Key results in 2007-08
• Departmental finances
• Administered finances
• Understanding our financial statements

Financial Statements

• Statement by the Secretary and Chief Financial Officer
• Independent auditor's report
• Income statement
• Balance sheet
• Statement of changes in equity
• Cash flow statement
• Schedule of Commitments
• Schedule of Administered Items

Notes to and forming part of the Financial Statements

• Note 1
  • 1. Summary of significant accounting policies
  • 1.1 Objectives of the department
  • 1.2 Basis of preparation of the financial report
  • 1.3 Significant accounting judgements and estimates
  • 1.4 Statement of compliance
  • 1.5 Revenue
  • 1.6 Gains
  • 1.7 Transactions with the government as owner
  • 1.8 Grants
  • 1.9 Employee benefits
  • 1.10 Leases
  • 1.11 Borrowing costs
  • 1.12 Cash and cash equivalents
  • 1.13 Financial assets
  • 1.14 Financial liabilities
  • 1.15 Contingent assets and liabilities
  • 1.16 Financial guarantee contracts
  • 1.17 Acquisition of assets
  • 1.18 Property, plant and equipment
  • 1.19 Intangibles
  • 1.20 Taxation
  • 1.21 Reporting of Administered Activities
• Notes 2-6
  • Note 2: Events after the balance sheet date
  • Note 3: Imcome
  • Note 4: Expenses
  • Note 5: Financial Assets
  • Note 6: Non-financial Assets
• Notes 7-13
  • Note 7: Liabilities
  • Note 8: Restructuring
  • Note 9: Cash flow reconciliation
  • Note 10: Contingent liabilities and assets
  • Note 11: Impact of the APEC Taskforce on the Income Statement for year ended 30 June 2008
  • Note 12: Executive Remuneration
  • Note 13. Financial Instruments
• Notes 14-19
  • Note 14: Income adminsitered on behalf of government
  • Note 15: Expenses administered on behalf of government
  • Note 16: Assets administered on behalf of government
  • Note 17: Liabilities administered on behalf of government
  • Note 18: Adminstered reconciliation table
  • Note 19: Financial instruments
• Notes 20-25
  • Note 20: Administered investments
  • Note 21: Appropriations
  • Note 22: Special accounts
  • Note 23: Remuneration of auditors
  • Note 24: Compensation and debt relief
  • Note 25: Reporting of outcomes

• Next Page: How we are funded
• Previous Page: 7. Appendix A

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