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Part four: Financial statements

Statement by the Australian Public Service Commissioner and Chief Financial Officer

In our opinion, the attached financial statements for the year ended 30 June 2015 comply with subsection 42(2) of the Public Governance, Performance and Accountability Act 2013 (PGPA Act), and are based on properly maintained financial records as per subsection 41(2) of the PGPA Act.

In our opinion, at the date of this statement, there are reasonable grounds to believe that the Australian Public Service Commission will be able to pay its debts as and when they fall due.

John Lloyd PSM
Australian Public Service Commissioner
September 2015

Kelvin Zhu CPA
Chief Financial Officer
September 2015


Contents

Statement of comprehensive income for the period ended 30 June 2015

The Statement of Comprehensive Income shows profit and loss for the Australian Public Service Commission. This compares expenses with income to calculate the net cost of services. The net cost of services is then offset with Appropriation funding from government to calulate a net surplus or loss for the year. Read more.

Statement of financial position as at 30 June 2015

The Statement of financial position (or balance sheet) for the Commission. Total assets are compared to total liabilities to calculate net equity. Read more.

Statement of changes in equity for the period ended 30 June 2015

The Statement of Changes in Equity shows the changes to equity during the current and previous financial year. Read more.

Cash flow statement for the period ended 30 June 2015

This categorises cash inflows and outflows into Operating, Investing and Financing cash flows. Read more.

Schedule of commitments as at 30 June 2015

The Schedule of Commitments discloses future commitments into categories for payables and receivables as at 30 June for the current financial year. Read more.

Administered schedule of comprehensive income for the period ended 30 June 2015

The schedule shows the administered expenses and income for the Commission for the current and prior financial year. Read more.

Administered reconciliation schedule

The table reconciles the change in net administered assets for the Commission for the current and prior financial year. Read more.

Administered cash flow statement for the period ended 30 June 2015

The table shows the administered Operating cash inflows and outflows for the Commission for the current and prior financial year. Read more.

Notes to the financial statements

Information supporting the financial statements. Read more.