SBV Annual Report 2001

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NOTES TO AND FORMING PART OF THE ACCOUNTS OF THESURVEYORS BOARD FOR THE YEAR ENDED 30 JUNE 20019. ACCRUALS2001 2000$ $Examiners Fees - 40Legal Fees 229 -Audit Fees 6,050 4,200Handbook Costs - 540Assessment of Overseas Qualifications - 210Total 6,279 4,99010. MOVEMENTS IN EQUITY2001 2000$ $Accumulated Surplus at 1 July 2000 89,618 135,244Net result on the previous years 22,396 (45,626)Accumulated Surplus at 30 June 2001 112,014 89,618Surveyors Board of Victoria 2000-2001 Annual Report 21
NOTES TO AND FORMING PART OF THE ACCOUNTS OF THESURVEYORS BOARD FOR THE YEAR ENDED 30 JUNE 200111. FINANCIAL INSTRUMENTSThe carrying amount of financial assets and liabilities represented within these financial statements equate to NetFair Value.Cash at BankCash at bank is carried at a nominal amount.DebtorsDebtors are carried at a nominal amount. Credit risk is minimal and the Board is not materially exposed toany individual debtor.Sundry CreditorsSundry creditors are recognised for amounts to be paid in future for goods and services received. Terms ofsettlement are generally 30 days.Interest Rate RiskThe Board's exposure to interest risk and the effective weighted average interest rate for each class offinancial assets and liabilities is set out below:Notes 2001 2000 2001 2000 2001 2000$ $ $ $ $ $Floating Floating Non Non Total TotalInterest Interest Interest InterestRate Rate Bearing Bearing$ $ $ $ $ $Financial AssetsCash at Assets (7) 110,997 85,456 110,997 85,456Receivables (6) 7,296 9,152 7,296 9,152110,997 85,456 7,296 9,152 118,293 94,608Weighted Average InterestRate3.40% 2.90% 0% 0% 3.4% 2.9%Financial LiabilitiesAccruals (9) - - 6,279 4,990 6,279 4,9906,279 4,990 6,279 4,990Surveyors Board of Victoria 2000-2001 Annual Report 22
Page 2 and 3: The Honourable Sherryl Garbutt MPMi
Page 4 and 5: IntroductionThe activities of the S
Page 6 and 7: Mr Barrie William BremnerLS, MISAus
Page 8 and 9: ActivitiesTrainee SurveyorsA Board
Page 10 and 11: Council of the Reciprocating Survey
Page 12 and 13: Inquiry CommitteeThe Inquiry Commit
Page 14 and 15: Business Management WorkshopThe Boa
Page 16 and 17: Surveyors Board of Victoria 2000-20
Page 18 and 19: SURVEYORS BOARD OF VICTORIASTATEMEN
Page 20 and 21: NOTES TO AND FORMING PART OF THE AC
Page 22 and 23: NOTES TO AND FORMING PART OF THE AC
Page 26: NOTES TO AND FORMING PART OF THE AC

SBV Annual Report 2001

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