The Alternatives Sample Clauses

The Alternatives. Table ES-1 lists each alternative considered for the various GAP options. Section 2.1 provides a more complete description of the GAP alternatives.

The Alternatives. Whichever financial reporting format is selected, it should contain a profit and loss statement, balance sheet and a statement of cashflows that are self-reconciling, i.e. key information from each of the statements reconciles to information in the other statements. This will enable a high-level overview of the SHAs’ operations and financial position, and will highlight any potential issues which might not be apparent through a review of each of the statements in isolation. A number of alternative financial reporting frameworks have been identified and are detailed below. The alternatives use the same basic format, however, vary according to the level of disaggregation of information required. This ranges from consolidated numbers in the first option to a detailed breakdown in the third option. The decision as to how much information is required is a matter of judgment. • Consolidated results of SHA operations are disclosed in a single column of numbers. • Information provided should reconcile back to audited financial statements contained in the annual report. • Information would be broken down into sufficient detail to allow a meaningful analysis of the results and financial position. • Information about identified program funding would be separately disclosed to ensure that it has been appropriately acquitted in accordance with requirements in the CSHA. Note that these figures would already be included in the consolidated figures returned. • An example of this reporting format is included at Appendix A, using the 1997–98 information for Victoria as an example. In addition, proposed definitions of account balances which should be used in conjunction with this framework are included at Appendix B. Reporting of outputs using this approach would not be as direct as reporting by segments. Adequate information is provided, however, to provide a good understanding of what has been achieved with the funding. As described in Section 4.3, this would be achieved through a review of the individual items in the financial statements, a review of the information in the identified program information attached, as well as a review of information provided for the performance indicators. The preparation of reports in this format would not require much additional work from that already performed for the preparation of financial information in the annual report. The most significant difference will be the need to allocate revenue and expenses into the categories required un...