ACER Annual Report 2008-2009
ACER Annual Report 2008-2009
ACER Annual Report 2008-2009
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Australian Council for Educational Research Ltd and Controlled Entities ABN 19 004 398 145<br />
Notes to the financial statements (for the year ended 30 June <strong>2009</strong>)<br />
3 Profit for the year<br />
Expenses from ordinary activities<br />
Consolidated Parent<br />
Depreciation of property, plant and equipment 1,466,420 1,476,806 1,466,099 1,476,765<br />
Cost of sales 2,502,127 2,349,358 2,501,943 2,349,323<br />
Finance costs 920,999 1,317,329 920,999 1,317,329<br />
Bad and doubtful debts expense /<br />
(Bad debts recovered)<br />
25,432 (1,302) 25,432 (1,302)<br />
Foreign exchange losses<br />
Remuneration of the auditor of the parent entity<br />
for:<br />
167,578 (259,124) 167,578 (259,124)<br />
- Auditing or reviewing the financial report 45,600 42,000 45,600 42,000<br />
- Other services<br />
Remuneration of other auditors of<br />
subsidiaries for:<br />
15,872 12,080 15,872 12,080<br />
- Auditing or reviewing the financial report 15,134 23,528 - -<br />
Rental expense on operating leases 785,155 632,929 757,863 610,415<br />
Significant revenue and expenses<br />
The following significant revenue and<br />
expense items are relevant to explaining<br />
the financial performance:<br />
Gain on sale of property, plant and<br />
equipment – 347 Camberwell Rd<br />
<strong>2009</strong><br />
$<br />
<strong>2008</strong><br />
$<br />
<strong>2009</strong><br />
$<br />
<strong>2008</strong><br />
$<br />
- 3,392,872 - 3,392,872<br />
37
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