PSR Annual Report 2006-07

• Contents
• Letter of Transmittal
• Director’s report
• Agency overview
• Report on performance
• Management and accountability
• Appendix 1: Financial Statements
  • Auditor's Report
  • Statement by the Director
  • Income Statement
  • Balance Sheet
  • Statement Of Changes In Equity
  • Cash Flow Statement
  • Schedule Of Commitments
  • Schedule Of Contingencies
  • Note 1: Summary of Significant Accounting Policies
  • Note 2: Events after the Balance Sheet Date and Going Concern
  • Note 3: Income
  • Note 4: Expenses
  • Note 5: Financial Assets
  • Note 6: Non-Financial Assets
  • Note 7: Payables
  • Note 8: Provisions
  • Note 9: Cash Flow Reconciliation
  • Note 10: Contingent Liabilities and Assets
  • Note 11: Executive Remuneration
  • Note 12: Remuneration of Auditors
  • Note 13: Average Staffing Levels
  • Note 14: Financial Instruments
  • Note 15: Appropriations
  • Note 16: Reporting of Outcomes
• Appendix 2: Freedom of information statement
• Glossary

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Appendix 1: Financial Statements

Note 14: Financial Instruments

Note 14A: Interest Rate Risk

Financial Instrument	Note	Floating Interest Rate		Fixed Interest Rate Maturing In						Non-Interest Bearing		Total		Weighted Average Effective Interest Rate
				1 Year or Less		1 to 5 Years		> 5 Years
		2007 $	2006 $	2007 $	2006 $	2007 $	2006 $	2007 $	2006 $	2007 $	2006 $	2007 $	2006 $	2007 %	2006 %
Financial Assets
Cash at bank	5A	0	0	0	0	0	0	0	0	1,559,769	3,501,685	1,559,769	3,501,685
Receivables for goods and services	5B	0	0	0	0	0	0	0	0	29,297	12,012	29,297	12,012
Total		0	0	0	0	0	0	0	0	1,589,066	3,513,697	1,589,066	3,513,697
Total Assets												11,859,883	9,432,431
Financial Liabilities
Trade creditors	7A	0	0	0	0	0	0	0	0	162,780	278,036	162,780	278,036
Total		0	0	0	0	0	0	0	0	162,780	278,036	162,780	278,036
Total Liabilities												751,082	789,675
Liabilities Not Recognised
Indemnity		0	0	0	0	0	0	0	0	0	0	0	0

Note 14B: Fair Values of Financial Assets and Liabilities

		2007 $		2006 $
	Notes	Total Carrying Amount	Aggregate Fair Value	Total Carrying Amount	Aggregate Fair Value
Departmental
Financial Assets
Receivables for goods and services	5B	29,297	29,297	12,012	12,012
Total Financial Assets		29,297	29,297	12,012	12,012
Financial Liabilities (Recognised)
Trade creditors	7A	162,780	162,780	278,036	278,036
Total Financial Liabilities (Recognised)		162,780	162,780	278,036	278,036

Note 14C: Credit Risk Exposures

The PSR’s maximum exposures to credit risk at reporting date in relation to each class of recognised financial assets is the carrying amount of those assets as indicated in the Balance Sheet.

PSR has no significant exposures to any concentrations of credit risk.

All figures for credit risk referred to do not take into account the value of any collateral or other security.

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