Contents
- Part 1 Executive Summary
- Part 2 Performance reporting
- Part 3 Corporate governance and accountability
- Part 4 Appendices
- Part 5 Financial Management
Annual Report 2007–2008
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Annual Report 2007–2008
Annual Report 2007–2008 » Chapter 15: Financial Statements
| 2008 $'000 |
2007 $'000 |
|
|---|---|---|
| Legal Authority: Section 193 of the Aboriginal and Torres Strait Islander Act 2005 Appropriation: Financial Management and Accountability Act 1997; s21 Purpose: to provide a secure stream of income to the Indigenous Land Corporation in perpetuity to provide economic, environmental, social and cultural benefits for Aboriginal people and Torres Strait Islanders by assisting in the acquisition and management of an Indigenous land base. |
||
| Balance carried from previous period | 313 | 1,734 |
| Realised investments | 1,895,918 | 3,823,106 |
| Interest receipts | 82,146 | 103,448 |
| Total credits | 1,978,064 | 3,926,554 |
| Available for payments | 1,978,377 | 3,928,288 |
| Payments made to the Indigenous Land Council | - | (96,420) |
| Payments made to suppliers | - | (38) |
| Investments debited from the special account (FMA s39) | (1,978,211) | (3,831,517) |
| Total debits | (1,978,211) | (3,927,975) |
| Balance carried to next period (excluding investment balances) and represented by: | 166 | 313 |
| Cash held by the Agency | 166 | 313 |
| Total balance carried to the next period | 166 | 313 |
| 2008 $'000 |
2007 $'000 |
|
|---|---|---|
| Opening Balance | 1,553,217 | 1,544,806 |
| Investments made | 1,978,211 | 3,831,517 |
| Investments realised | (1,895,918) | (3,823,106) |
| Closing Balance | 1,635,510 | 1,553,217 |
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