IncomeRevenueGovernment funding 22,200,909 13,802,000Sales of services 637,879 862,054Interest 199,697 198,622Other revenue 103,588 <strong>12</strong>7,623Total income 23,142,073 14,990,299ExpensesBoard 363,401 642,661 Administration 2b 2,005,571 2,046,773Programs 10,900,402 7,970,065Depreciation <strong>and</strong> amortisation 2c 328,982 321,671Write down <strong>and</strong> impairment of assets 4,814 18,833 Total expenses 19,251,042 14,973,225Net surplus from ordinary activities 3,891,031 17,074 Total comprehensive income attributable to members of the entity 3,891,031 17,074The above statement should be read in conjunction with the accompanying notes.60 <strong>AITSL</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong>–20<strong>12</strong>
AssetsCurrent assetsCash <strong>and</strong> cash equivalents 7 7,445,518 5,837,257 4,722,409 Trade <strong>and</strong> other receivables 3b 3,880,176 207,463 1,358Other assets 3c 365,155 1,036,590 71,736Total current assets 14,200,384 7,081,310 4,795,503Plant <strong>and</strong> equipment 4a 615,472 921,156 368,500Cultural 4b 28,000 28,000 28,000 Total non-current assets 643,472 968,588 519,804Total assets 14,843,856 8,049,898 5,315,307LiabilitiesCurrent liabilities Other current liabilities 5b 1,983,510 582,178 458,<strong>12</strong>5Employee provisions 6a 414,575 217,720 46,393 Total current liabilities 5,762,802 2,990,456 504,518 Total non-current liabilities 362,160 231,579 –Total liabilities 6,<strong>12</strong>4,962 3,222,035 504,518Net assets 8,718,894 4,827,863 4,810,789EquityRetained earnings 8,718,894 4,827,863 4,810,789Total equity 8,718,894 4,827,863 4,810,789the restated year. Details of the restatement are included in Note 17.The above statement should be read in conjunction with the accompanying notes.<strong>AITSL</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong>–20<strong>12</strong>61
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AITSL is funded by the Australian G
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From the ChairI am delighted to pre
- Page 14 and 15: Directors’ ReportThe Directors of
- Page 17 and 18: Richard Bolt - nominated by the Vic
- Page 19 and 20: Angelo Gavrielatos - nominated by t
- Page 21 and 22: Jeff Rosewarne - Nominated by the V
- Page 23 and 24: ChairAnthony Mackay - nominated by
- Page 25 and 26: CEOMargery EvansShe has had a long
- Page 27 and 28: General ManagerKeren CapleKeren Cap
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- Page 31 and 32: commissioned supporting research an
- Page 33 and 34: AITSL has established controls to s
- Page 35 and 36: Professional Learning ConventionA m
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- Page 39 and 40: In October 2011, MCEECDYA endorsed
- Page 41 and 42: FrameworkIn October 2011, the Minis
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- Page 47 and 48: The School Leadership Clearinghouse
- Page 49 and 50: projects and committed to using and
- Page 51 and 52: In 2011, AITSL managed the inaugura
- Page 53 and 54: Consistent with the intent of the A
- Page 55 and 56: Assessment for MigrationMigration R
- Page 57 and 58: AITSL Annual Report 2011-201255
- Page 59 and 60: Auditor’s independence declaratio
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- Page 65 and 66: Government funding 18,900,909 13,80
- Page 67 and 68: AITSL receives revenue through a fu
- Page 69 and 70: 1.8 LiabilitiesTrade creditors and
- Page 71 and 72: Services Tax (GST).Revenues, expens
- Page 73 and 74: AITSL initially recognises debt sec
- Page 75 and 76: financiald simplifies rclassificati
- Page 77 and 78: Note 3 - Current assets Total hel
- Page 79 and 80: Gross book value 28,000 324,146 N
- Page 81 and 82: 251,356 251,356Additional provision
- Page 83 and 84: Note 10 - Senior executive remunera
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- Page 87 and 88: than a contingent asset for the rec
- Page 89 and 90: Note 15 - Member’s guaranteeAustr
- Page 91 and 92: AppendicesAppendix 1: Letter of Exp
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