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

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Note 11 – Remuneration of auditors 38,500 26,500No other services were provided by the Auditor-General.82 AITSL Annual Report 2011–2012
Note 12 – Financial risk managementLoans and receivablesCash at bank 7,445,518 5,837,257Held to maturity investments 2,509,535 -Receivables for goods and services 3,338,853 76,828 Financial liabilities at amortised costTrade creditors 3,293,123 2,122,243 Interest revenue 199,967 198,622Net gain from loans and receivables 199,967 198,622 their fair value.Note 12(e): Credit riskAITSL is exposed to minimal credit risk as none of the receivables are overdue. The maximumexposure to credit risk is the risk that arises from potential default of a debtor. AITSL managesits credit risk by only allowing a debtor relationship with reliable entities or individuals and bymonitoring the trade receivables closely.For ageing of accounts receivable, refer to note 3. No receivables were considered impaired as atAITSL Annual Report 2011–201283
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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
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The number of meetings attended by
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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 and 80: Gross book value 28,000 324,146 N
Page 81 and 82: 251,356 251,356Additional provision
Page 83: Note 10 - Senior executive remunera
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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