pdf download

• Home
• Reporting Principles
• To the Minister for Planning and Infrastructure
• Chief Executive Officer's Overview
• Transperth
• Regional Town Bus Services
• School Bus Services
• Transwa
• PTA People
• Senior Management Structure
• The PTA Executive
• Compliance Reports
• Compliance Statements
• Electoral Act 1907 – Section 175ZE
• Explanation of Major Capital Expenditure Variations
• Independent Audit Opinion
• Certification of Key Performance Indicators
• Audited Key Performance Indicators
• Financial Statements
• Certification of Financial Statements
• Notes to the Financial Statements
• Contact Details

1 Australian equivalents to International Financial Reporting Standards

General

The Public Transport Authority of Western Australia (PTA) financial statements for the year ended 30 June 2007 have been prepared in accordance with Australian equivalents to International Financial Reporting Standards (AIFRS), which comprise a Framework for the Preparation and Presentation of Financial Statements (the Framework) and Australian Accounting Standards (including the Australian Accounting Interpretations).

In preparing these financial statements the PTA has adopted, where relevant to its operations, new and revised Standards and Interpretations from their operative dates as issued by the AASB and formerly the Urgent Issues Group (UIG).

Early adoption of standards

The PTA cannot early adopt an Australian Accounting Standard or Australian Accounting Interpretation unless specifically permitted by TI 1101 ‘Application of Australian Accounting Standards and Other Pronouncements’. No Standards and Interpretations that have been issued or amended but are not yet effective have been early adopted by the PTA for the annual reporting period ended 30 June 2007.

 

PUBLIC TRANSPORT AUTHORITY ANNUAL REPORT 2006/07