| What has changed since last year? |
Refer to "What's new" on page 3. |
| How long should my annual report be? |
There is no set length or page restriction. However, the annual report must provide the information necessary to enable an informed assessment of the Crown entity's performance as compared to the Crown entity's statement of intent and any other information necessary to enable an informed assessment of the entity's operations and performance. |
| What has happened to the statement of financial performance? |
Due to a change in GAAP reporting requirements, this statement is now known as the statement of comprehensive income. |
| Are diagrams okay in the annual report? |
Yes, where they help to illustrate a point or situation. They are also very useful for showing longer-term trends over time. |
| Does the annual report have to follow a particular template? |
No, the document should be structured in a way that best communicates the performance story of the Crown entity. It is however sensible that the annual report align as much as possible with the preceding years statement of intent. |
| Who do I talk to if the Crown entity wants to seek any exemptions in relation to the annual report from the Minister of Finance? |
In the first instance, the Crown entity should talk to your monitoring department, who in turn will liaise with Treasury. |
| Do the proposed amendments to the Crown Entities Act affect the preparation of the 2012/13 annual report? |
No. The changes to reporting take effect for the 2014/15 financial year onwards. |
