These model financial statements have been prepared to help guide a Crown entity in preparing its first set of NZ IFRS compliant financial statements. The financial statements included in the model, including certain disclosure requirements of the Crown Entities Act 2004, are only part of what is required to be included in a Crown entity's annual report.

The model is not intended to provide specific guidance on the statutory reporting requirements for cerain types of Crown entities. In particular, the model financial statements do not cover the specific statutory reporting requirements of Tertiary Education Institutions and Crown Research Institutes under their applicable legislation.

The model is not intended to provide specific guidance on the statutory reporting requirements of those entities listed in Schedule 4 of the Public Finance Act 1989 (PFA). Sections 45M to 45O of the PFA detail those sections of the Crown Entities Act 2004 that apply to Schedule 4 entities.”

March 2008 version 1.0
Audit New Zealand
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© Audit New Zealand 2008

This publication is for the use of Crown entities in New Zealand and is intended only as a general guide. The contents should not be used or relied upon as a substitute for specific professional advice. No liability is accepted in respect of any errors or omissions, or any action or omission to act, taken as a result of the information contained in this publication.

Page last updated: 28 March 2008