ARTA Annual Report 2009 - Auckland Transport

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21 Capital Management ARTA’s capital is its equity (or owner’s interest), which comprise retained earnings and reserves. Equity is represented by net assets. The owner’s interest is largely managed as a by-product of managing revenues, expenses, assets, liabilities and general financial dealings. The objective of managing these items, as set out in the Local Government (Auckland) Amendment Act (LGAAA) 2004, is for ARTA to plan, fund and develop the Auckland regional land transport system for the Auckland region. The LGAAA requires ARTA to operate in a financially responsible manner and have regard to the reasonably foreseeable needs of future generations. ARTA has in place asset management plans for major classes of assets detailing renewals and maintenance programmes and must contribute to the ARC’s Long Term Council Community Plan in order for the ARC to make adequate and effective provision to fund ARTA’s activities in line with its obligations under the Local Government Act 2002. ARTA has the following reserves: Capital Grants Reserve – the capital grants reserve represents capital expenditure grants that have not been offset by an associated depreciation charge. 22 Comparative Figures Comparative figures included in the financial statements relate to the financial year end 30 June 2008. Where necessary these figures have been reclassified on a basis consistent with current disclosure for 2009. 23 Auckland Council – Council Organisations Due to enactment of the Local Government (Tamaki Makaurau Reorganisation) Act 2009 the existing local authorities in the Auckland region will be dissolved on 31 October 2010. The functions, duties, and powers of the existing local authorities will become the functions, duties and powers of the single unitary authority (the Auckland Council) that will be responsible for governing the entire Auckland region from 1 November 2010. The Auckland Transition Agency will develop an organisational structure for the new Auckland Council and appropriate Council Organisations so that the Council can operate efficiently and effectively on and from 1 November 2010. The Auckland Transition Agency will develop a change management plan that includes protocols and processes for managing the transition of: i) assets from existing local government organisations to the Council structure; ii) staff from existing local government organisations to the Council structure having regard to the existing employment agreements applying to the staff. Decisions are yet to be made on the Auckland Council’s organisational structure and operations including how the Council Organisations (including the Auckland Regional Transport Authority) will be vested and integrated into a relevant organisational structure. 120
AUDIT REPORT To the readers of Auckland Regional Transport Authority’s financial statements and Performance Information for the year ended 30 June 2009 The Auditor-General is the auditor of Auckland Regional Transport Authority (the Authority). The Auditor- General has appointed me, David Walker, using the staff and resources of Audit New Zealand, to carry out the audit of the financial statements and performance information of the Authority, on her behalf, for the year ended 30 June 2009. Unqualified Opinion In our opinion: • The financial statements of the Authority on pages 81 to 120: xx comply with generally accepted accounting practice in New Zealand; and xx fairly reflect: -- the Authority’s financial position as at 30 June 2009; and -- the results of its operations and cash flows for the year ended on that date. • The performance information of the Authority on pages 57 to 65 fairly reflects the achievements measured against the performance targets adopted for the year ended 30 June 2009. The audit was completed on 26 August 2009, and is the date at which our opinion is expressed. The basis of our opinion, which refers to the new local government structure for the Auckland region, is explained below. We also outline the responsibilities of the Board and the Auditor, and explain our independence. Basis of Opinion We carried out the audit in accordance with the Auditor-General’s Auditing Standards, which incorporate the New Zealand Auditing Standards. We planned and performed the audit to obtain all the information and explanations we considered necessary in order to obtain reasonable assurance that the financial statements and performance information did not have material misstatements, whether caused by fraud or error. 121
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THE JOURNEY Auckland Regional Trans
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2010 New stations due to open at Ne
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TABLE OF CONTENTS SUCCESS STORIES..
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SUCCESS STORIES ARTA is Auckland’
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FERRY tripS Pine Harbour and West H
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Total mobility Providing Aucklander
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ARTA is training for the Rugby Worl
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ARTA is focused on delivering an in
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The historic Downtown Ferry Termina
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OUR VALUES - The principles that de
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CONTINUOUS IMPROVEMENT TO SERVICES
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Service to the airport expanded In
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Reliable services drive growth ARTA
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“ARTA’s goal is to get at least
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Developing Auckland’s transport i
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Case study: PROGRESS ON FERRIES The
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Revitalising Newmarket train statio
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The Northern Busway: A North Star b
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“The projected cost of upgrading
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how customers give feedback on thei
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• Visits to the maxx.co.nz intera
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• The installation of 150 ‘Type
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• Veolia and ARTA are conducting
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42 Waitakere Primary School: Jessic
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Travelwise TravelWise is a partners
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TravelWise - Tertiary students get
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Case study: Auckland Airport Travel
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Cycle maps and seasonal campaigns D
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Finding out what stakeholders think
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100 million PT boardings per annum
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56 The popular Airbus Express at Au
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1.1 Patronage targets Outcome Perfo
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1.2 Transport outcome measures cont
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Key projects for 2008/09 The follow
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Ferry Programme of Action Improveme
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ARTA’S PROFILE ARTA was establish
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• developing travel plans to enco
Page 76 and 77: Board Profiles Rabin Rabindran BOAR
Page 78 and 79: Tony Marks Tony Marks is a director
Page 80 and 81: Working at ARTA Attracting and reta
Page 82 and 83: Case study - Special Events PLANNIN
Page 84 and 85: Health and safety record ARTA holds
Page 86 and 87: STATEMENT OF COMPLIANCE AND RESPONS
Page 88 and 89: Standards, amendments and interpret
Page 90 and 91: Public Equity Equity is the shareho
Page 92 and 93: ARTA documents at the inception of
Page 94 and 95: Items of property, plant and equipm
Page 96 and 97: ii) Operating leases - Land The ope
Page 98 and 99: Leases Finance Leases A finance lea
Page 100 and 101: Provisions Provisions are recognise
Page 102 and 103: Statement Of Changes in Equity For
Page 104 and 105: Statement Of Cash Flows For the yea
Page 106 and 107: NOTES TO THE FINANCIAL STATEMENTS 1
Page 108 and 109: 3 Public Equity 2009 2009 2008 2008
Page 110 and 111: Past Due But Not Impaired - Trade A
Page 112 and 113: Accumulated depreciation & Carrying
Page 114 and 115: 8 Intangible Assets Accumulated amo
Page 116 and 117: TRANSPORT GRANTS PAYABLE Fair value
Page 118 and 119: The instruments Fund Managers may u
Page 120 and 121: The table below analyses ARTA’s f
Page 122 and 123: 15 Related Party Transactions ARTA
Page 124 and 125: Details of net assets acquired and
Page 128 and 129: Material misstatements are differen
Page 130 and 131: GLOSSARY AMETI Auckland-Manukau Eas
Page 132: 126 Sandringham Road, New North Roa
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ARTA Annual Report 2009 - Auckland Transport

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