Part 2 Introduction

This section contains the following forecast financial statements

  • Statement of Responsibility
  • Statement of Forecast Financial Performance
  • Statement of Forecast Equity
  • Statement of Forecast Financial Position
  • Statement of Forecast Cash Flows
  • Statement of Significant Underlying Assumptions and Accounting Policies to explain the basis on which the Office of the Retirement Commissioner has compiled the forecast financial statements.

The forecast financial statements comply with FRS 42.  Caution should be taken when reviewing the forecast financial statements as it is likely that the actual financial results will vary from the information presented and the variations may be material.  The purpose of these forecast financial statements is to provide a base against which the Retirement Commissioner's actual performance can be assessed. 

Summary of Output Costs

Output 2006/2007 Output Category Cost $M
5.1 Research, Monitoring and Advice 0.343
5.2 Education and Information 3.010
5.3 Retirement Villages 0.257
5.4 Workplace Financial Education Programme 3.992

NB: Indicative application of costs only.  The Retirement Commissioner has a single output category.