ATTACHMENT
Australian Accounting Standards Board
Estimated Receipts and Expenditure 2000-01 to 2002-03
(Cash Basis)
|
RECEIPTS |
2000-01 |
2001-02 |
2002-03 |
Notes |
|
Commitments by Stakeholders |
||||
|
Commonwealth |
1,500,000 |
1,500,000 |
1,500,000 |
|
|
States and Territories |
500,000 |
500,000 |
500,000 |
|
|
ICAA and CPA Australia |
650,000 |
650,000 |
650,000 |
(a) |
|
Australian Stock Exchange |
175,828 |
60,000 |
60,000 |
(b) |
|
National Institute of Accountants |
50,000 |
100,000 |
100,000 |
(c) |
|
Total stakeholder commitments: |
2,875,828 |
2,810,000 |
2,810,000 |
|
|
Other funding |
||||
|
Publications (net revenue) |
142,827 |
142,827 |
142,827 |
|
|
Seminars / speakers fees |
1,000 |
1,000 |
1,000 |
|
|
Interest |
5,000 |
5,000 |
5,000 |
|
|
Total other funding |
148,827 |
148,827 |
148,827 |
|
|
Total stakeholder commitments and other funding |
3,024,655 |
2,958,827 |
2,958,827 |
|
|
Costs of standard setting (including notional rent) |
2,963,462 |
2,963,462 |
2,963,462 |
(d) |
|
Surplus / Net Revenue (Deficit / Net Expense) |
61,193 |
(4,635) |
(4,635) |
Notes
- The formal offer by the ICAA and CPA Australia is $650,000 a year for three years commencing 1 January 2000.
- Includes value of accommodation provided by the ASX on a rent-free basis for four years commencing 1 March 2000. This contribution is valued at $60,000 a year (subject to the AASB and ASX settling a fair market value). The balance of the 2000-01 figure represents the surplus of funds collected by the ASX from listed companies for the AASB's harmonisation program. These funds are provided on the basis that they are used for purposes consistent with their original purpose.
- ***************3.
- The cost of standard setting for 2000-01 has been calculated from the cash budget prepared by the AASB for the 3 July 2000 meeting of the FRC with some minor adjustments for more recent information. The figures for 2001-02 and 2002-03 use the 2000-01 estimates pending preparation of estimates for those years.
1 Names deleted from published version for privacy reasons.
2 Name deleted from published version for privacy reasons.
3 Information deleted from published version on commercial in confidence grounds.