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

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Note 5 – Other current liabilitiesTrade creditors 3,293,123 2,122,2433,293,123 2,122,243Salaries and wages 129,440 70,471Superannuation 16,915 9,470Accrued Expenses 1,731,781 439,422PAYG and Withholding Tax 105,374 62,8151,983,510 582,178Total payables 5,276,633 2,704,421Payables are aged as follows:Not overdue 4,701,122 2,669,9240 to 30 days 153,089 13,40331 to 60 days 392,392 21561 to 90 days 30,030 20,879Total payables 5,276,633 2,704,421Note 6 – ProvisionsAnnual leave 257,068 122,793Long service leave 244,067 143,465Total employee provisions 501,135 266,258Employee provisions expected to be settled in:No more than 12 months 414,575 217,720More than 12 months 86,560 48,538Total employee provisions 501,135 266,258Note 6(b): Other ProvisionsMake good provision 347,194 251,356Total other provisions 347,194 251,356Other provisions are expected to be settled in:No more than 12 months 71,594 68,315More than 12 months 275,600 183,041Total other provisions 347,194 251,35678 AITSL Annual Report 2011–2012
251,356 251,356Additional provisions made71 Leichhardt St, Canberra 160,875 160,875440 Collins St, Melbourne 5,465 5,465Monthly instalments as per lease agreement (70,502) (70,502) Closing balance 30 June 2012 347,194 347,194The entity currently has an agreement for the leasing of premises at 71 Leichhardt St, Canberrawhich has a provision requiring AITSL to restore the premises to its original condition at theobligation.Additionally, the entity has an agreement for the leasing of premises at 440 Collins St, whichobligates the entity to provide payment of the makegood provision via monthly instalments.The provision represents the remaining makegood obligation payable. The entity has made a Statement of Financial Position items comprising cash 7,445,518 5,837,257Difference – – Depreciation and amortisation 328,982 321,671 Change in assets and liabilitiesDecrease (increase) in receivables (3,272,714) (606,105)Decrease (increase) in other assets 271,435 (564,854)Increase (decrease) in supplier payables 1,220,597 2,122,243Increase (decrease) in other payables 1,447,453 375,411 Net cash used in operating activities 4,128,326 1,904,136AITSL Annual Report 2011–201279
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AITSL is funded by the Australian G
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From the ChairI am delighted to pre
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Directors’ ReportThe Directors of
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Richard Bolt - nominated by the Vic
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Angelo Gavrielatos - nominated by t
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Jeff Rosewarne - Nominated by the V
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ChairAnthony Mackay - nominated by
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CEOMargery EvansShe has had a long
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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 63 and 64: AssetsCurrent assetsCash and cash e
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: Gross book value 28,000 324,146 N
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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