Annual Report 2008-09 - Legal Services Commissioner

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Chapter EIGHT Financial Statements Table of Contents Comprehensive operating statement 61 Balance sheet 62 Statement of changes in equity 63 Cash flow statement 64 Notes to the financial REPORT 65 »» Note 1 Summary of significant accounting policies 65 »» Note 2 Income from transactions 75 »» Note 3 Expenses from transactions 76 »» Note 4 Cash flow information 78 »» Note 5 Receivables 79 »» Note 6 Plant and equipment 79 »» Note 7 Intangible assets 81 »» Note 8 Interest bearing liabilities 82 »» Note 9 Payables 83 »» Note 10 Provisions 83 »» Note 11 Superannuation 85 »» Note 12 Commitments for expenditure 86 »» Note 13 Contingent assets and contingent liabilities 86 »» Note 14 Financial instruments 86 »» Note 15 Accumulated surplus 90 »» Note 16 Ex-gratia payments 90 »» Note 17 Responsible persons 91 »» Note 18 Remuneration of executives 92 »» Note 19 Related party transactions 93 »» Note 20 Remuneration of auditors 94 »» Note 21 Subsequent events 94 »» Note 22 Glossary of Terms 95 Accountable officer’s and chief finance and accounting officer’s declaration 97 Auditor-General’s Report 98 This financial report covers the Legal Services Commissioner as an individual entity and is presented in Australian currency. The Legal Services Commissioner is a not-for-profit government agency of the state of Victoria. The Legal Services Commissioner was established pursuant to the Legal Profession Act 2004. Its principal address is Level 9 330 Collins Street Melbourne. A description of the nature of the Commissioner’s operations and its principal activities is included in the report of operations on page 2 which does not form part of this financial report. The financial report was authorised for issue by the Legal Services Commissioner and Chief Financial Officer on 15 September 2009. For queries in relation to our reporting please call 1300 796 344, email admin@lsc.vic.gov.au or see our website www.lsc.vic.gov.au. 60 Legal Services COMMISSIONER 2009 Annual Report
Chapter EIGHT Financial Statements Comprehensive operating statement for the financial year ended 30 June 2009 Notes 2009 2008 $ $ Continuing operations Income from transactions Revenue from transactions with Legal Services Board (LSB) 2 (a) 9,068,287 9,369,040 Interest 2 (b) 57,930 40,703 Other income 2 (c) 219,579 71,610 Total income from transaction 9,345,795 9,481,353 Expenses from transactions Employee benefits 3 (a) 5,732,257 4,964,691 Supplies and services 3 (b) 1,434,949 1,777,663 Consultants & Legal expenses 3 (c) 1,048,753 535,988 Depreciation and amortisation 3 (d) 27,198 22,895 Other operating expenses 3 (e) 1,023,196 1,160,307 Total expenses from transactions 9,266,352 8,461,543 Net results from transactions (net operating balance) 79,443 1,019,810 Other economic flows included in net result Gains from the revaluation of the long service leave provision due to changes in the present value of the discount rate (32,506) 44,000 Gain (loss) on disposal of assets (1,915) - Total other economic flows included in net results (34,421) 44,000 Comprehensive results 45,022 1,063,810 The Comprehensive operating statement should be read in conjunction with the accompanying notes on pages 65 to 96. Legal Services COMMISSIONER 2009 Annual Report 61
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A N N UA L R E P O R T 2009
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Table of Contents Chapter 1 - About
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Our Mission: The Legal Services Com
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Chapter ONE About the Legal Service
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Chapter TWO Handling complaints Obj
Page 11 and 12: Chapter TWO Handling complaints A c
Page 13 and 14: Chapter TWO Handling complaints A m
Page 15 and 16: Chapter TWO Handling complaints Com
Page 17 and 18: Chapter TWO Handling complaints Our
Page 19 and 20: Chapter TWO Handling complaints Dis
Page 21 and 22: Chapter TWO Handling complaints Cas
Page 23 and 24: Chapter TWO Handling complaints •
Page 25 and 26: Chapter THREE Educating the legal p
Page 31 and 32: Chapter FOUR Educating the communit
Page 37 and 38: Chapter FIVE Projects and research
Page 43 and 44: Chapter SIX Human Resources Objecti
Page 45 and 46: Chapter SIX Human Resources Figure:
Page 47 and 48: Chapter SIX Human Resources Organis
Page 49 and 50: Chapter SIX Human Resources Table:
Page 51 and 52: Chapter SIX Human Resources Human R
Page 53 and 54: Chapter seven Governance Objective:
Page 55 and 56: Chapter SEVEN Governance National C
Page 57 and 58: Chapter SEVEN Governance Office-Bas
Page 59 and 60: Chapter SEVEN Governance Indicator
Page 61: Chapter EIGHT FINANCIAL STATEMENTS
Page 65 and 66: Chapter EIGHT Financial Statements
Page 101: Chapter EIGHT Financial Statements
Page 104 and 105: APPENDICES Introduction to Complain
Page 106 and 107: APPENDICES Complaints under the Leg
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APPENDICES Complaints under the Leg
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APPENDICES Complaints and Disputes
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APPENDICES Delegations Date of Dele
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APPENDICES Delegations Date of Dele
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APPENDICES Delegations 4.2 Delegati
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APPENDICES Disclosure Index DISCLOS
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APPENDICES Disclosure Index Legisla
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Level 9, 330 Collins Street MELBOUR
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Annual Report 2008-09 - Legal Services Commissioner

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