AITSL Annual Report 2011-12 - Australian Institute for Teaching and ...

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IncomeRevenueGovernment funding 22,200,909 13,802,000Sales of services 637,879 862,054Interest 199,697 198,622Other revenue 103,588 127,623Total 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 and amortisation 2c 328,982 321,671Write down and 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 AITSL Annual Report 2011–2012
AssetsCurrent assetsCash and cash equivalents 7 7,445,518 5,837,257 4,722,409 Trade and 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 and 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 1,983,510 582,178 458,125Employee 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 6,124,962 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.AITSL Annual Report 2011–201261
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AITSL is funded by the Australian G
Page 8:
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
Page 29 and 30: The number of meetings attended by
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
Page 37 and 38: Teacher Feature was the result of a
Page 39 and 40: In October 2011, MCEECDYA endorsed
Page 41 and 42: FrameworkIn October 2011, the Minis
Page 43 and 44: Initial Teacher Education - Profess
Page 45 and 46: National Professional Standard for
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
Page 61: AITSL Annual Report 2011-201259
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
Page 85 and 86: Note 12 - Financial risk management
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
Page 101: GlossaryAAREACARAACDEACEACECQAACELA
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