Statement of trust money
Annual Report for the year ended 30 June 2010.
for the year ended 30 June 2010
On 1 November 1996, the Office was appointed Secretary-General of the Pacific Association of Supreme Audit Institutions (PASAI). PASAI exists to encourage, promote, and advance co-operation among its public audit members.
A trust account records the financial transactions the Office carries out on behalf of PASAI. All trust money transactions are recorded on a cash basis.
None of the transactions associated with the PASAI trust account are recorded in the statement of comprehensive income or the statement of financial position.
| Actual | Actual | |
|---|---|---|
| 2009 | 2010 | |
| $000 | $000 | |
| 22 | Opening balance at 1 July | 11 |
| 60 | Receipts | 116 |
| (71) | Payments | (117) |
| 11 | Closing balance at 30 June | 10 |
The accompanying notes form part of these financial statements.
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