Financial report

AMC Ltd’s 2018-19 Financial Report includes the components required by the Australian Charities and Not-for-profits Commission ACT, including the:

• Directors’ report, including the auditor’s independence declaration
• Audited financial statements
  • statement of financial position 
  • statement of comprehensive income 
  • statement of cash flows 
  • statement of changes in equity 
  • notes to the financial statements
• Directors’ declaration that the financial statements comply with accounting standards, give a true and fair view, there are reasonable grounds to believe the company will be able to pay its debts, the financial statements have been made in accordance with the Corporations Act; and
• Independent auditor’s report.

The financial statements were prepared according to the Australian Accounting Standards—Reduced Disclosure Requirements of the Australian Accounting Standards Board and were audited by PricewaterhouseCoopers. The auditors gave an unqualified audit report after doing a comprehensive check of bank accounts, cash statements and journals for irregularities, fraud and any items that could lead to fraud. The emphasis was on checking all systems, procedures and controls to ensure that fraud had not been committed and to strengthen the controls to prevent any possible future fraud.

The financial statements were analysed and reviewed AMC’s Finance, Audit and Risk Management Committee, including reviewing the reported results for reasonableness and consistency with monthly management information provided to the Directors.

See the 2018-19 Financial Report (PDF) here