Territory Stories

Batchelor Institute of Indigenous Tertiary Education annual report 2015

Details:

Title

Batchelor Institute of Indigenous Tertiary Education annual report 2015

Creator

Batchelor Institute of Indigenous Tertiary Education (N.T.)

Collection

E-Publications; E-Books; PublicationNT; Batchelor Institute of Indigenous Tertiary Education annual report; Annual Report

Date

2015

Notes

Made available via the Publications (Legal Deposit) Act 2004 (NT).

Language

English

Subject

Batchelor Institute of Indigenous Tertiary Education (N.T.); Periodicals; Aboriginal Australians; Education; Northern Territory; Batchelor; Teachers; Training of; Annual report

Publisher name

Batchelor Institute press

Place of publication

Batchelor

Series

Batchelor Institute of Indigenous Tertiary Education annual report; Annual Report

Volume

1 January to 31 December 2015

Previously known as

Batchelor College annual report

File type

application/pdf

ISSN

1324-8685

Use

Copyright

Copyright owner

Batchelor Institute of Indigenous Tertiary Education (N.T.)

License

https://www.legislation.gov.au/Details/C2019C00042

Parent handle

https://hdl.handle.net/10070/264495

Citation address

https://hdl.handle.net/10070/468306

Page content

Annual Report 2015 35 or payables in the balance sheet. Cash flows are presented on a gross basis. The GST components of cash flows arising from investing or financing activities which are recoverable from, or payable to the taxation authority, are presented as operating cash flows. (s) Comparative amounts Where necessary, comparatives have been reclassified and repositioned for consistency with current year disclosures. (t) New Accounting Standards and Interpretations (i) Adoption of new and revised Accounting Standards and Interpretations Batchelor Institute has adopted all new and revised Accounting Standards and Interpretations as issued by the Australian Accounting Standards Board (AASB) effective for the current reporting period. The impact of adopting these pronouncements has had no material financial impact on Batchelor Institute. (ii) Accounting Standards and Interpretations issued but not yet effective New Accounting Standards and Interpretations were in issue at the date of authorisation of this financial report but are not mandatory for 31 December 2015 reporting periods. Batchelor Institute has not adopted any of these for the reporting period ended 31 December 2015. It is estimated that the impact of adopting these pronouncements when effective will have no material financial impact on Batchelor Institute in future reporting periods. Standard/ Interpretation Effective for annual reporting periods beginning on or after Expected to be initially applied in the financial year ending AASB 9, approved in December 2014, replaces the existing guidance in AASB 139 Financial Instruments: Recognition and Measurement. AASB 9 includes revised guidance on the classification and measurement of financial instruments, including a new expected credit loss model for calculating impairment on financial assets and the new general hedge accounting requirements. It also carries forward the guidance on recognition of financial instruments from AASB 139. AASB 9 is effective for annual reporting periods beginning on or after 1 January 2018. Batchelor Institute is assessing the potential impact on its financial statements resulting from the application of AASB 9. 1 January 2018 31 December 2018 AASB 2014-4 classification of acceptable Methods of Depreciation and Amortisation (Amendments to AASB116 and AASB138) 1 January 2016 31 December 2016 AASB 15 Revenue from contracts with customers 1 January 2017 31 December 2017


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