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Tertiary education institutions

Model Financial Statements: Tutuki Tertiary Institute 2019

Here is our 2019 update to the model financial statements for Tertiary Education Institutions (TEIs), using the public benefit entity (PBE) accounting standards for Tier 1 and Tier 2 entities.

The financial statements included in this model are only part of what TEIs are required to include in their annual report. The other legislative requirements for TEI annual reporting are set out in section 220 of the Education Act 1989 and Schedule 4 of the Crown Entities Act 2004.

You are welcome to download a PDF copy from the link on the right-hand side of this page. HTML version will be available soon.

Changes to the model

The model financial statements have been updated to reflect the adoption of the new group related-accounting standards PBE IPSAS 34 to PBE IPSAS 38. Additionally, new appendices have been added to illustrate disclosures for:

  • Institutes of Technology and Polytechnics (ITP) that are affected by the Government’s proposed reform of the ITP sector; and
  • the early adoption of PBE IFRS 9 Financial Instruments.

Page 6 of the model highlights the main updates to the model since it was previously published in 2016.

We welcome any feedback on the application of this model to TEIs, or any other comments, that may help with future updates of the model financial statements.

Page last updated: 20 December 2019