Annual Report 2008-2009
Part 4: Financial Statements
Australian Office of Financial Management
Statement by the Chief Executive Officer and Chief Finance Officer
In our opinion, the attached financial statements for the year ended 30 June 2009 are based on properly maintained records and give a true and fair view of the matters required by the Finance Minister's Orders made under the Financial Management and Accountability Act 1997, as amended.
SIGNED
N Hyden
Chief Executive Officer
21 August 2009
SIGNED
P Raccosta
Chief Finance Officer
21 August 2009
Income statement
for the year ended 30 June 2009
The above statement should be read in conjunction with the accompanying notes.
Balance sheet
as at 30 June 2009
The above statement should be read in conjunction with the accompanying notes.
(a) Refer to the Statement of changes in equity.
Statement of changes in equity
for the year ended 30 June 2009
The above statement should be read in conjunction with the accompanying notes.
Cash flow statement
for the year ended 30 June 2009
The above statement should be read in conjunction with the accompanying notes.
Schedule of commitments
as at 30 June 2009
The above schedule should be read in conjunction with the accompanying notes.
Note: Commitments are GST inclusive and where an input tax credit is available to the AOFM, the recoverable GST is reported in commitments receivable.
- Operating leases included are effectively non-cancellable and comprise:
| Nature of lease | General description of leasing arrangement |
|---|---|
Lease for office accommodation Motor vehicle leases |
|
- Other commitments relate to contractual obligations for the provision of internal audit services, payroll services, market data and news services, fiscal agency agreements and service agreements with other parties, including Commonwealth bodies.
Schedule of administered items
The above schedule should be read in conjunction with the accompanying notes.
Schedule of administered items (continued)
The above schedule should be read in conjunction with the accompanying notes.
(a) FMA = Financial Management and Accountability Act 1997.
Schedule of administered items (continued)
The above schedule should be read in conjunction with the accompanying notes.
- Master Agreements between the Australian Government and interest rate swap counterparties provide for transactions to be settled on a net basis. Amounts above are reported on a net basis. Net swap interest receipts for 2008-09 were $55.771 million ($36.479 million for 2007-08), whilst aggregate swap interest receipts for 2008-09 were $1,102.751 million ($1,698.469 million for 2007-08). Net swap interest payments for 2008-09 were $219.230 million ($150.478 million for 2007-08), whilst aggregate swap interest payments for 2008-09 were $1,266.210 million ($1,812.468 million for 2007-08).
- 2008-09 figure includes $1,031.292 million from termination of interest rate swaps.
- Includes redemption of debt issued on behalf of the States.
Schedule of administered items (continued)
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