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

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Operating leases relate to the tenancies at 154 Melbourne Street, Brisbane, 71 Leichhardt Street,Canberra, and 440 Collins Street, Melbourne with lease terms between 3 and 8 years. All operatinglease contracts contain market review clauses in the event that the entity exercises its option torenew. The entity does not have an option to purchase the leased asset at the expiry of the leaseperiod. Lease incentives provided are apportioned evenly over the terms of the lease and recorded Total operating lease commitments 2,197,989 2,859,931Net operating lease commitments by maturity 2,075,444 2,619,554Programs Total program commitments 2,083,000 2,607,000 Net program commitments by maturity 2,083,000 2,607,000Note: Commitments are GST inclusive where relevant.86 AITSL Annual Report 2011–2012
Note 15 – Member’s guaranteeAustralian Institute for Teaching and School Leadership Limited is incorporated under theCorporations Act 2001 and is an entity limited by guarantee. If the entity is wound up, theconstitution states that each member is required to contribute a maximum of $20 toward meetingNote 16 – Entity detailsAustralian Institute for Teaching and School Leadership Limited has premises located in Melbourne,440 Collins St, Melbourne, Victoria.Note 17 – Prior period restatementDuring the current year the company renegotiated contracts with two suppliers that resulted inthose suppliers refunding payments that had been made to them by the company in the year2011. This disclosure has been corrected by restating each of the line items for the prior year in thisTotal current assets 7,081,310 6,681,310Total assets 8,049,898 7,649,898Net assets 4,827,863 4,427,863Total equity 4,827,863 4,427,863 AITSL Annual Report 2011–201287
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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
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AITSL has established controls to s
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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 and 84: Note 10 - Senior executive remunera
Page 85 and 86: Note 12 - Financial risk management
Page 87: than a contingent asset for the rec
Page 91 and 92: AppendicesAppendix 1: Letter of Exp
Page 101: GlossaryAAREACARAACDEACEACECQAACELA
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