Annual Report 2010-2011
AOFM Annual Report 2010-11 | 3MB PDF
Contents
- 1 Review by the Chief Executive Officer
- 2 Part 1: AOFM Overview
- 3 Part 2: Operations and Performance
- 4 A History of Treasury Bond Tenders and Performance
- 5 Part 3: Management and Accountability
- 6 Part 4: Financial Statements
- 7 Part 4: Financial Statements – Notes
- 8 Part 5: Other Information
- 9 Glossary and Acronyms
Review by the Chief Executive Officer
- 1 Context
- 2 Bond issuance
- 3 Portfolio management and outcomes
- 4 Residential mortgage-backed securities
- 5 Looking ahead
- 6 Former CEO retires
Part 1: AOFM Overview
Part 2: Operations and Performance
- 1 Introduction
- 2 Treasury Bond and Treasury Indexed Bond issuance
- 3 Cash management
- 4 Future of the Commonwealth Government Securities Market
- 5 Minimising debt servicing costs subject to acceptable risk
- 6 Residential mortgage-backed securities
- 7 Investor relations
- 8 Public Register of Government Borrowing
- 9 Information technology operations
- 10 Operational risk
- 11 Settlement operations
- 12 Agency financial performance
- 13 Cooperation with other debt managers
A History of Treasury Bond Tenders and Performance
- 1 Introduction
- 2 Debt issuance before the introduction of tenders
- 3 Tender activity
- 4 Trends in tender performance
- 5 Conclusion
Part 3: Management and Accountability
- 1 Corporate governance
- 2 Audit
- 3 Business continuity arrangements
- 4 Judicial decisions
- 5 Management of human resources
- 6 Consultants
- 7 Purchasing
- 8 ANAO access clauses and exempt contracts
Part 4: Financial Statements
Part 4: Financial Statements – Notes
- 1 Notes to and forming part of the financial statements for the period ended 30 June 2011
- 2 Note 1: Summary of significant accounting policies
- 2.1 1.1 Basis of preparation of the financial statements
- 2.2 1.2 Significant accounting estimates and judgments
- 2.3 1.3 Statement of compliance with International Financial Reporting Standards
- 2.4 AASB 9 Financial Instruments
- 2.5 1.4 Departmental and administered items
- 2.6 1.5 Revenue (Departmental)
- 2.7 1.6 Transactions with the Government as owner (Departmental)
- 2.8 1.7 Employee benefits (Departmental)
- 2.9 1.8 Leases (Departmental)
- 2.10 1.9 Cash (Departmental)
- 2.11 1.10 Financial instruments (Departmental)
- 2.12 1.11 Infrastructure, plant and equipment (Departmental)
- 2.13 1.12 Computer software (Departmental)
- 2.14 1.13 Taxation (Departmental)
- 2.15 1.14 Reporting of administered activities
- 2.16 1.15 Exemption from FMOs
- 2.17 1.16 Recognition and de-recognition of financial instruments
- 2.18 1.17 Classification and measurement of financial instruments
- 2.19 1.18 Fair value estimation of financial instruments
- 2.20 1.19 Other significant administered accounting policies
- 3 Note 2: Objectives and activities of the AOFM
- 4 Note 3: Financial risk management
- 5 Note 4: Expenses
- 6 Note 5: Income
- 7 Note 6: Financial assets
- 8 Note 7: Non-financial assets
- 9 Note 7: Non-financial assets (continued)
- 10 Note 8: Payables
- 11 Note 9: Provisions
- 12 Note 10: Cash flow reconciliation
- 13 Note 11: Contingent liabilities and assets
- 14 Note 12: Executive remuneration
- 15 Note 13: Remuneration of auditors
- 16 Note 14: Average staffing level
- 17 Note 15: Compensation and debt relief in special circumstances
- 18 Note 16: Income before re-measurements administered on behalf of Government
- 19 Note 17: Expenses before re-measurements administered on behalf of Government
- 20 Note 18: Administered gains (losses) before re-measurements
- 21 Note 19: Administered re-measurements
- 22 Note 20: Assets administered on behalf of Government(a)
- 23 Note 21: Liabilities administered on behalf of Government(a)
- 24 Note 22: Administered reconciliation table
- 25 Note 23: Administered contingent liabilities and assets
- 26 Note 24: Administered financial instruments
- 26.1 Note 24A: Categories of administered financial assets and liabilities
- 26.2 Note 24B: Interest Rate Swaps
- 26.3 Note 24C: Interest rate risk
- 26.4 Note 24D: Foreign exchange risk
- 26.5 Note 24E: Contractual maturities of financial liabilities
- 26.6 Note 24F: Credit risk
- 26.7 Note 24G: Residential mortgage-backed securities
- 26.8 Note 24H: Net fair values of administered financial assets and liabilities
- 26.9 Note 24I: Movement in commonwealth government securities on issue (face value)
- 26.10 Note 24J: Movement in investments held (face value)
- 26.11 Note 24K: Repurchase agreements
- 27 Note 25: Market risk sensitivity of administered financial instruments
- 28 Note 26: Securities lending facility
- 29 Note 27: Disclosures of appropriations
- 29.1 Note 27A: Annual appropriations
- 29.2 Note 27B: Unspent departmental annual appropriation
- 29.3 Note 27C: Reduction in administered items
- 29.4 Note 27D: Administered special appropriations (unlimited amount)
- 29.5 Note 27E: Special appropriations (refund provisions)
- 29.6 Note 27F: Special appropriations (FMA section 39)
- 29.7 Note 27G: Special accounts (Administered)
- 29.8 Note 27H: Assets held in trust (Administered)
- 30 Note 28: Reporting of outcomes
- 31 Note 29: Comprehensive income (loss) attributable to the AOFM
- 32 Note 30: Events occurring after reporting date
Part 5: Other Information
- 1 Funding
- 2 Agency resource statement and resources for outcomes
- 3 Grant programs
- 4 Advertising and market research
- 5 Freedom of information
- 6 Ecologically sustainable development
- 7 Structure of the AOFM’s portfolio
- 8 Residential mortgage-backed securities portfolio
- 9 Tender results for debt issuance
Glossary and Acronyms
- 1 Glossary
- 2 Acronyms
- 3 Index of Compliance with Requirements
- 4 Contact Details
- 5 Enquiries
- 6 Internet address
Last updated: 5 November 2014