22Preparation of accounts and statements—financial reports

22 Preparation of accounts and statements—financial reports

(1) This section is made for the purposes of subsection 141(2) of the Act and specifies accounts and statements that an airport‑operator company for an airport must prepare.

Note 1: This section only applies to an airport‑operator company for an airport if the airport is specified under section 21 of this instrument and there is an airport lease for the airport (see subsection 140(1) of the Act).

Note 2: The company must also prepare a directors’ report under section 23 of this instrument.

Financial report for airport‑operator companies (2) The company must, for its operations at the airport, prepare accounts and statements in the form of a financial report.

Note: A financial report is required to be prepared in respect of the whole or part, as the case may be, of a financial year (see subsection 141(2) of the Act).

(3) The financial report must: (a) either: (i) be the financial report prepared under Part 2M.3 of the Corporations Act 2001; or (ii) be a report that contains the same contents as if it were a report under Part 2M.3 of the Corporations Act 2001; and (b) include, or be accompanied by a document setting out, the costs and revenue, including the costs associated with maintenance and repair, in relation to the provision and use of: (i) aeronautical services and facilities; and (ii) non‑aeronautical services and facilities.

Note: The costs and revenue in relation to the provision and use of aeronautical services and facilities must include costs recovered directly or indirectly from airlines (see subsection (7)).

(4) The financial report under subsection (3): (a) is in addition to any other report required to be prepared under the Corporations Act 2001; and (b) must not be consolidated with the reports of any other company. Consolidated financial report for airport‑lessee companies (5) If the company is an airport‑lessee company for an airport, the company must also prepare accounts and statements for the airport in the form of a consolidated financial report in accordance with the accounting standards under Part 2M.5 of the Corporations Act 2001. (6) The consolidated financial report under subsection (5): (a) must be prepared for the airport‑lessee company and all airport‑management companies for the airport, as if those airport‑management companies were subsidiaries of the airport‑lessee company; and (b) subject to paragraph (c), must separately show the costs and revenue, including the costs associated with maintenance and repair, in relation to the provision and use of: (i) aeronautical services and facilities; and (ii) non‑aeronautical services and facilities; and (c) is not required to include details about a passenger‑related service or facility (within the meaning of subsection 20(4)) at an airport if the premises are leased, and the lease was in force when the airport lease was granted to the airport‑lessee company.