2009-10 Annual Report - Australia Post

FinAnCiAl And stAtutory rePorts
for the year ended 30 June 2010
Understanding our reports
australia post’s 2009–10 Financial report enables readers to assess the corporation’s results
for the year, its present financial position, its future outlook and the value of its assets.
comparative measures are provided for the previous year.
the statements by directors, chief executive officer and chief finance officer and the
auditor-General’s report are standard legal declarations that are required in all annual
financial reports.
the “corporation” figures are for australia post alone, while the “consolidated” figures include
transactions between australia post or its subsidiary companies and third parties.
all figures in this report are rounded to the nearest $100,000 unless otherwise stated.
the statement of comprehensive income shows the revenue and running costs of the corporation
for the financial year.
the balance sheet provides information on australia post’s assets and liabilities and indicates
the amount of the commonwealth Government’s investment at the end of the financial year.
assets listed in the balance sheet as “current” are likely to be converted to cash within
the next 12 months. liabilities that are “current” are due and payable within 12 months.
“non-current” assets or liabilities are long-term. equity is the corporation’s total capital
and reserves plus profits that have been reinvested over the years.
the cashflow statement shows the derivation of the corporation’s cash resources during
the financial year and its cash outlays.
to gain a complete understanding of australia post’s 2009–10 results, the financial report
should be read in conjunction with the accompanying explanatory notes.
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AustrAliA Post AnnuAl rePort 2009–10 | Financial and statutory reports