for the period ended 1July 2012 to 30 June 2013
Statement by the Director, Office of the Fair Work Building Industry | 71 | |
Inspectorate (FWBII) and Chief Financial Officer | 71 | |
Statement of Comprehensive Income | 72 | |
Balance Sheet | 73 | |
Statement of Changes in Equity | 74 | |
Cash Flow Statement | 75 | |
Schedule of Commitments | 76 | |
Schedule of Contingencies | 77 | |
Administered Schedule of Comprehensive Income | 78 | |
Administered Schedule of Assets and Liabilities | 78 | |
Administered Reconciliation Schedule | 79 | |
Administered Cash Flow Statement | 79 | |
Schedule of Administered Commitments | 80 | |
Schedule of Administered Contingencies | 80 | |
Notes to and forming part of the financial statements | 81 | |
Note 1 | Summary of Significant Accounting Policies | 82 |
Note 2 | Events After the Reporting Period | 88 |
Note 3 | Expenses | 88 |
Note 4 | Income | 91 |
Note 5 | Financial Assets | 92 |
Note 6 | Non-Financial Assets | 93 |
Note 7 | Payables | 97 |
Note 8 | Employee Provisions | 98 |
Note 9 | Cash Flow Reconciliation | 98 |
Note 10 | Contingent Assets and Liabilities | 99 |
Note 11 | Senior Executive Remuneration | 100 |
Note 12 | Remuneration of Auditors | 102 |
Note 13 | Financial Instruments | 102 |
Note 14 | Financial Assets Reconciliation | 104 |
Note 15 | Administered – Income | 104 |
Note 16 | Administered – Financial Assets | 105 |
Note 17 | Administered – Cash Flow Reconciliation | 106 |
Note 18 | Administered – Contingent Assets and Liabilities | 106 |
Note 19 | Administered – Financial Instruments | 107 |
Note 20 | Administered Financial Assets Reconciliation | 107 |
Note 21 | Appropriations | 108 |
Note 22 | Compensation and Debt Relief | 110 |
Note 23 | Reporting of Outcomes | 111 |
Note 24 | Net Cash Appropriation Arrangements | 114 |
Note 25 | Compliance with Statutory Conditions for Payments from the Consolidated Revenue Fund | 114 |