PSR Annual Report 2005-2006

• Contents
• Letter of Transmittal
• Director's report
• 2005-06 Key events at a glance
• Agency overview
• Report on performance
• Management and accountability
• Appendix 1 - Financial statements
  • Financial statements
  • Notes to and forming part of the Financial Statements
    • Note 1: Summary of Significant Accounting Policies
    • Note 2: The impact of the transition to AEIFRS from previous AGAAP
    • Note 3: Events after the Balance Date
    • Note 4: Going Concern
    • Note 5: Income Revenues
    • Note 6: Operating Expenses
    • Note 7: Financial Assets
    • Note 8: Non-Financial Assets
    • Note 9: Payables
    • Note 10: Provisions
    • Note 11: Cash Flow Reconciliation
    • Note 12: Contingent Liabilities and Assets
    • Note 13: Executive Remuneration
    • Note 14: Remuneration of Auditors
    • Note 15: Average Staffing Levels
    • Note 16: Financial Instruments
    • Note 17: Appropriations
    • Note 18: Reporting of Outcomes
• Appendix 2 - Freedom of information statement
• Appendix 3 - Legislative overview
• Glossary

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Notes to and forming part of the Financial Statements

Note 12: Contingent Liabilities and Assets

Quantifiable Contingencies

At 30 June 2006 Professional Services Review did not have any Quantifiable Contingencies.

Unquantifiable Contingencies

At 30 June 2006 Professional Services Review had been awarded costs in a number of legal cases in respect to successful investigations into inappropriate practice. The amounts owing are yet to be quantified by the courts.

Remote Contingencies

At 30 June 2006 Professional Services Review did not have any Remote Contingencies.

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