retirement.org.nz

This section contains the following forecast financial statements:

• Statement of Responsibility
• Statement of Forecast Profit and Loss
• Statement of Forecast Equity
• Statement of Forecast Balance Sheet
• 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 NZ IFRS apart from IAS 19 - Employee Benefits where no provision for sick leave has been made. 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

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