Section 2 - Sugar Research and Development Corporation

Auditor’s Report
Independent Auditor Report 70
Statement by the Chairman,
Executive Director and Finance Manager 72
Financial Statements
Statement of Comprehensive Income
for the period ended 30 June 2011 74
Balance Sheet
as at 30 June 2011 75
Statement of Changes In Equity
for the period ended 30 June 2011 76
Cash Flow Statement
for the period ended 30 June 2011 77
Schedule of Commitments
as at 30 June 2011 78
Schedule of Contingencies
as at 30 June 2011 79
Schedule of Asset Additions
as at 30 June 2011 79
CONTENTS
Notes of the Financial Statements
Note 1: Summary of Signifi cant
Accounting Policies 80
Note 2: Events after the Reporting Period 88
Note 3: Expenses 89
Note 4: Income 91
Note 5: Financial Assets 92
Note 6: Non-Financial Assets 93
Note 7: Payables 96
Note 8: Employee Provisions 97
Note 9: Cash fl ow reconcilation 98
Note 10: Contingent Liabilities and Assets 99
Note 11: Directors Remuneration 99
Note 12: Related Party Disclosures 100
Note 13: Executive Remuneration 100
Note 14: Remuneration of Auditors 102
Note 15: Financial Instruments 103
Note 16: Reporting of Outcomes 106
SRDC Annual Report 2010–2011 69