retirement.org.nz

Significant assumption

The opening position of the forecasted statements is based on un-audited results for 2008/2009. The actual results for April, May, and June 2009 are unavailable, and therefore, the balance as at 30 June 2009 has been estimated using April, May, and June 2009 forecast figures.

Other assumptions

The accrual basis of accounting has been used in the preparation of these forecast fi nancial statements.

All revenue and expenditure will remain constant over the three years covered by these statements. The budget refl ects the staffing levels of eight FTEs to meet the work programme.

There is a risk that these events and the associated income and expenditure do not occur.