Reporting Form SRF 340.0

RSE Licensee Financial Statements

Instruction Guide

This instruction guide is designed to assist in the completion of Reporting Form SRF 340.0 RSE Licensee Financial Statements (SRF 340.0). This form collects information relating to the RSE licensee’s audited financial statements and reports.

General directions and notes

Reporting level

SRF 340.0 must be completed for each RSE licensee in respect of its business operations.

Reporting tables

Tables described in this reporting form list each of the data fields required to be reported.

Reporting basis and units of measurement

In completing the reporting standards, unless otherwise specifically stated, reporting RSE Licensees are to report in accordance with the relevant Australian Accounting Standards.

Report values in this Reporting Standard in whole Australian dollars (AUD) with no decimal place.

Definitions

Terms highlighted in bold italics indicate that the definition is provided in Reporting Standard SRS 101.0 Definitions for Superannuation Data Collections (SRS 101.0).

Specific instructions

Table 1: Statement of comprehensive income

Report each revenue and expense item listed in Table 1 that the RSE Licensee is able to categorise within their financial accounts. For any items with nil value, leave the field blank. Report expenses as negative values.

Where certain expense items are aggregated into a single service fee and are not available by expense category, report the total amount in ‘Other Expenses’ and leave the other relevant expense item field blank. For example, if RSE licensee expenses comprise a single, non-itemised payment to a service provider to cover both ‘Administration expenses’ and ‘Occupancy expenses’, report the total expense amount under ‘Other expenses’ and leave the ‘Administration expenses’ and 'Occupancy expenses' fields blank.

APRA expects where revenue and expense items are able to be broken down into separate items, that they be reported under the relevant category. For example, where Director Remuneration and Executive Remuneration have been quantified to meet other disclosure requirements, they should be reported separately in this table.

Table 2: Statement of financial position

Report asset, liability and equity items listed in Table 2 that the RSE licensee is able to categorise within their financial accounts. For any items with nil value, leave the field blank. Reporting of reserves should reflect the risk reserve structure within the RSE licensee. ‘Other Reserves’ should include all reserves which are maintained to indemnify trustees from the assets of the trust.

Table 3: Statement of changes in equity

For each category of equity type listed in the Table 3 columns ‘Contributed equity’, ‘Trustee risk reserve’, ‘Other reserves’ and ‘Retained earnings/(losses)’, report opening balances and all movements in equity over the reporting period. Report movements in equity out of the RSE licensee as negative values. The ‘Total equity’ column is a derived item calculated as the sum of all the Table 3 columns. Item 1.4 ‘Transactions with owners in their capacity as owners’ is a derived item calculated as the sum of items 1.4.1 and 1.4.2. The Table 3 row ‘Balance at the end of the year’ is a derived item calculated as the sum of all the row items 1. to 1.4. For any items with nil value, leave the field blank.

Table 4: Related Party Disclosures

Report all Related Party (AASB 124) transactions, as disclosed in the RSE Licensee Annual Financial Report, which occurred between the RSE Licensee and related parties for the relevant reporting period.

The Unique identifier column indicates which field or fields form the primary key of the table. Where a field has ‘Y’ in the Unique identifier column, this denotes that this field forms part of the primary key for the table. A blank cell in the Unique identifier column means that the field does not form part of the primary key for the table. Any specific combination of values in the fields that form the primary key of a table must not appear on more than one row in that table when reported.