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SAMPLE SUPERANNUATION FUND FINANCIAL STATEMENTS AND REPORTS FOR THE PERIOD 1 JULY 2007 TO 30 JUNE 2008 ______________________________________________________________ Outlook Tax & Accounting Solutions Pty Ltd C/- Outlook Tax & Accounting Solutions Locked Bag 32011 Collins Street East VIC 8003

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Page 1: SAMPLE SUPERANNUATION FUND FINANCIAL STATEMENTS AND ... · PDF filesample superannuation fund financial statements and reports ... sample superannuation fund financial statements index

SAMPLE SUPERANNUATION FUND

FINANCIAL STATEMENTS

AND REPORTS

FOR THE PERIOD 1 JULY 2007 TO 30 JUNE 2008

______________________________________________________________Outlook Tax & Accounting Solutions Pty Ltd

C/- Outlook Tax & Accounting Solutions

Locked Bag 32011

Collins Street East VIC 8003

Page 2: SAMPLE SUPERANNUATION FUND FINANCIAL STATEMENTS AND ... · PDF filesample superannuation fund financial statements and reports ... sample superannuation fund financial statements index

SAMPLE SUPERANNUATION FUND

FINANCIAL STATEMENTS INDEX

Statement of Financial Position ( Balance Sheet )

Operating Statement ( Profit and Loss )

Notes to the Financial Statements

Investment Summary Report

Trustees Declaration

Statement of Taxable Income

Fund Income Tax and Regulatory Return

Members Statement

Minutes of Meeting ( Memorandum of Resolution )

Page 3: SAMPLE SUPERANNUATION FUND FINANCIAL STATEMENTS AND ... · PDF filesample superannuation fund financial statements and reports ... sample superannuation fund financial statements index

SAMPLE SUPERANNUATION FUND

STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2008

June June

2008 2007

$ $

InvestmentsFixed Interest Securities (Australian) 7,900 18,111Other Assets 290 290Shares in Listed Companies (Australian) 272,555 308,178Units in Listed Unit Trusts (Australian) 554,443 637,380

$835,188 $963,959

Other AssetsSt George eCash Account 6,400 31,762MECU Access Account 28,467 5,755MECU Cyber Saver Account 96,754 44,188Term Deposit - Mecu 138310684 158,121 150,000Term Deposit - Mecu 138312081 - 50,000

Term Deposit - Mecu 23180088 28,353 -Distributions Receivable - 61,685Sundry Debtors 16,962 982Income Tax Refundable (Note 5) 7,036 -Deferred Tax Asset (Note 5) 13,402 -

$355,495 $344,372

$1,308,331$1,190,683Total Assets

Less:

Liabilities

Income Tax Payable (Note 5) - 2,291Deferred Tax Liability (Note 5) - 4,698

- $6,989

Net Assets Available to Pay Benefits $1,190,683 $1,301,342

Represented by:

Liability for Accrued Benefits (Notes 2, 3)Sample, Homer 550,244 578,633Sample, Marge 640,439 722,709

$1,190,683 $1,301,342

The accompanying notes form part of these financial statements

Page 4: SAMPLE SUPERANNUATION FUND FINANCIAL STATEMENTS AND ... · PDF filesample superannuation fund financial statements and reports ... sample superannuation fund financial statements index

SAMPLE SUPERANNUATION FUND

OPERATING STATEMENT

FOR THE PERIOD 1 JULY 2007 TO 30 JUNE 2008

June June

$ $

20072008

Income

4,601 8,547Capital Gains/(Losses) - Taxable

6,415 4,900Capital Gains/(Losses) - Non Taxable

21,881 68,533Distributions Received

12,262 11,074Dividends Received

5,607 1,577Employer Contributions - Concessional

- 12,464Increase in Market Value of Investments (Note 4)

19,701 13,997Interest Received

36,319 5,000Member/Personal Contributions - Non Concessional (Undeducted)

- 3Other Income

106,786 126,095

Expenses

440 2,293Accountancy Fees

8,095 8,042Administration Costs

178,157 -Decrease in Market Value of Investments (Note 4)

45 90Filing Fees

186,737 10,425

Benefits Accrued as a Result of Operations before

Income Tax

(79,951) 115,670

Income Tax (Note 5)

(16,148) 6,589Income Tax Expense

(16,148) 6,589

Benefits Accrued as a Result of Operations ($63,803) $109,081

The accompanying notes form part of these financial statements

Page 5: SAMPLE SUPERANNUATION FUND FINANCIAL STATEMENTS AND ... · PDF filesample superannuation fund financial statements and reports ... sample superannuation fund financial statements index

SAMPLE SUPERANNUATION FUND

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2007 TO 30 JUNE 2008

1. Statement of Significant Accounting Policies

These financial statements are a special purpose financial report prepared for distribution to members to satisfy theaccountability requirements of the Superannuation Industry (Supervision) Act 1993 and the trust deed. The trustee(s)has determined that the fund is not a reporting entity.

The financial statements have been prepared in accordance with the requirements of the following AustralianAccounting Standards:

AASB 112: Income TaxesAASB 1031: MaterialityAASB 110: Events After the Balance Sheet Date

No other Australian Accounting Standards, Australian Accounting Interpretations or other authoritativepronouncements of the Australian Accounting Standards Board have been applied.

The financial statements are prepared on an accruals basis. They are based on historical costs and do not take intoaccount changing money values or, except where specifically stated, current valuations of non-current assets.

The following specific accounting policies, which are consistent with the previous period unless otherwise stated,have been adopted in the preparation of these financial statements.

a. Measurement of Investments

Investments of the fund have been measured at net market values after allowing for costs of realisation. Changes inthe net market value of assets are brought to account in the operating statement in the periods in which they occur.

Net market values have been determined as follows:

i. shares and other securities listed on the Australian Securities Exchange by reference to the relevant marketquotations at the reporting date;ii. mortgage loans by reference to the outstanding principal of the loans;iii. units in managed funds by reference to the unit redemption price at the reporting date;iv. insurance policies by reference to the surrender value of the policy; andv. property, plant and equipment at trustees' assessment of their realisable value.

b. Liability for Accrued Benefits

The liability for accrued benefits is the fund's present obligation to pay benefits to members and beneficiaries andhas been calculated as the difference between the carrying amounts of the assets and the carrying amounts of thesundry liabilities and income tax liabilities as at reporting date.

c. Income Tax

Deferred tax is accounted for using the balance sheet liability method in respect of temporary differences arisingbetween the tax bases of assets and liabilities and their carrying amounts in the financial statements. No deferredincome tax will be recognised from the initial recognition of an asset or liability, where there is no effect onaccounting or taxable profit or loss.

Deferred tax is calculated at the tax rates that are expected to apply to the period when the asset is realised orliability is settled.

Deferred income tax assets are recognised to the extent that it is probable that future tax profits will be availableagainst which deductible temporary differences can be utilised. The amount of benefits brought to account or whichmay be realised in the future is based on the assumption that no adverse change will occur in income taxationlegislation and the anticipation that the superannuation fund will derive sufficient future assessable income to enable

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SAMPLE SUPERANNUATION FUND

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2007 TO 30 JUNE 2008

June June

2008

$ $

2007

the benefit to be realised and comply with the conditions of deductibility imposed by the law.

2. Liability for Accrued Benefits

The liability for accrued benefits is the fund's presentobligation to pay benefits to members and beneficiariesand has been calculated as the difference between thecarrying amounts of the assets and the carrying amountsof the sundry liabilities and income tax liabilities as at thereporting date. Changes in the Liability for AccruedBenefits are as follows:

Liability for Accrued Benefits at beginning of period 1,301,341 1,192,260

Add:

- Increase in Accrued Benefits (63,803) 109,081

- Adjustment of Deferred Tax Liability /Deferred Tax Asset

Less:

- Benefits Paid (46,855) -

Liability for Accrued Benefits at end of period 1,190,682 1,301,341

3. Vested Benefits

Vested benefits are benefits which are not conditionalupon continued membership of the fund (or any otherfactor other than resignation from the fund) and includebenefits which members were entitled to receive had theyterminated their fund membership as at the reporting date.

Vested Benefits 1,190,682 1,301,341

4. Changes in Net Market Values

Investments and other assets of the fund are valued at theend of the reporting period as described in Note 1 -Summary of Significant Accounting Policies. A detailedschedule of investments is attached to these financialstatements. A summary of the change in Net MarketValues is as follows:

Fixed Interest Securities (Australian) (10,211) 17

Shares in Listed Companies (Australian) (71,899) 18,244

Units in Listed Unit Trusts (Australian) (106,047) (5,797)

(188,157) 12,464

Page 7: SAMPLE SUPERANNUATION FUND FINANCIAL STATEMENTS AND ... · PDF filesample superannuation fund financial statements and reports ... sample superannuation fund financial statements index

SAMPLE SUPERANNUATION FUND

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2007 TO 30 JUNE 2008

June June

2008

$ $

2007

5. Income Tax

Income Tax is payable by the superannuation fund at therate of 15% on the contributions received and the incomeof the fund. There has been no change in the Income Taxrate during the year. Additional Income Tax may be payableby the Fund where the "adjusted taxable income" of Fundmembers exceeds the levels prescribed by theSuperannuation Contributions Surcharge Assessmentand Collection Act 1997. This additional Contributions Tax(Surcharge) is brought to account in the year that it is paid.The Income Tax payable by the superannuation fund hasbeen calculated as follows:

Benefits accrued as a result of operations before income tax (79,951) 115,670

Prima facie income tax on accrued benefits (11,993) 17,350

Add/(Less) Permanent Differences

Increase in Market Value of Investments - (640)

Member/Personal Contributions - Non Concessional (Undeducted) (5,448) (750)

Other Income -

Decrease in Market Value of Investments 8,935 -

Capital Gains Tax Discount (745) (2,752)

Imputed Credits (6,402) (5,987)

Foreign Credits (496) (632)

Other

(4,155) (10,762)

Income Tax Expense (16,148) 6,589

Income tax expense comprises:

Income Tax Payable (8,127) 2,291

Movement in Deferred Tax Liability/Deferred Tax Asset (18,101) 1,778

Tax Instalments Paid 10,080 2,520

(16,148) 6,589

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SAMPLE SUPERANNUATION FUND

INVESTMENT SUMMARY REPORT (WITH YIELDS) AT 30 JUNE 2008

Investment Units Cost Market Income Yield

Cost MarketTotalPer unitTotalPer unit

Cash/Bank Accounts

MECU Access Account 162 0.57% 0.57%28,467 28,467

MECU Cyber Saver Account 2,650 2.74% 2.74%96,754 96,754

St George eCash Account 2,463 38.48% 38.48%6,400 6,400

Term Deposit - Mecu 138310684 158,121 158,121

Term Deposit - Mecu 138312081 3,309

Term Deposit - Mecu 23180088 28,353 28,353

318,095 318,095 8,584

Fixed Interest Securities (Australian)

Australia and New Zealand Banking Group Limited

Stapled Exchangeable Preference

102.44 100.00 646 7.98% 8.18%79 8,093 7,900

MECU Term Deposit 8,121

Timbercorp Limited (Debenture) 488

8,093 7,900 9,255

Shares in Listed Companies (Australian)

Alumina Limited 5.16 4.74 699 4.66% 5.07%2,911 15,009 13,798

Australia and New Zealand Banking Group Limited 28.81 18.72 518 2.57% 3.95%700 20,168 13,104

Axa Asia Pacific Holdings Limited 7.30 4.68 678 2.58% 4.02%3,600 26,269 16,848

Csl Limited 31.86 35.70 205 1.30% 1.16%495 15,772 17,672

Csr Limited 400

I.A.G Perpetual Reset Exchangeable Notes 102.33 81.89 382 4.19% 5.24%89 9,107 7,288

Insurance Australia Group Limited 5.03 3.47 1,031 5.86% 8.50%3,496 17,598 12,131

Invocare Limited 2.48 6.34 1,068 9.06% 3.55%4,747 11,783 30,096

Metcash Limited 4.74 3.70 646 4.01% 5.14%3,400 16,106 12,580

Perpetual Trustees Australia Limited 46.13 42.77 1,222 8.15% 8.79%325 14,993 13,900

Rio Tinto Limited 43.57 135.50 352 3.53% 1.13%229 9,978 31,030

St George Bank Limited 30.76 27.11 901 4.83% 5.48%607 18,673 16,456

Transfield Services Limited 9.68 7.42 601 3.72% 4.85%1,670 16,159 12,391

Transpacific Non-Cumulative Unsec.Step-Up

Preference

107.13 75.00 541 6.73% 9.62%75 8,035 5,625

Page 9: SAMPLE SUPERANNUATION FUND FINANCIAL STATEMENTS AND ... · PDF filesample superannuation fund financial statements and reports ... sample superannuation fund financial statements index

SAMPLE SUPERANNUATION FUND

INVESTMENT SUMMARY REPORT (WITH YIELDS) AT 30 JUNE 2008

Investment Units Cost Market Income Yield

Cost MarketTotalPer unitTotalPer unit

Transurban Group 6.95 4.23 1,124 8.20% 13.47%1,972 13,705 8,342

Wesfarmers Limited 28.92 37.30 1,027 6.30% 4.88%564 16,309 21,037

Woodside Petroleum Limited 24.02 67.50 433 4.33% 1.54%416 9,993 28,080

Zinifex Limited 17.59 8.20 1,559 5.97% 12.80%1,485 26,127 12,177

265,784 272,555 13,387

Units in Listed Unit Trusts (Australian)

AXA WS Global Eq Val 0.90 0.92 970 2.28% 2.23%47,302 42,517 43,551

Advance Global Alpha Fund - Wholesale Units 0.91 0.87 905 2.17% 2.25%46,039 41,771 40,164

Asciano Group 9.26 3.47 750 4.97% 13.26%1,630 15,098 5,656

Ausbil-Aust Act Eqty 2.87 2.97 3,268 3.03% 2.92%37,608 108,001 111,748

Axa - Wholesale Australian Property Fund 1.56 1.48 8,486 6.98% 7.36%77,696 121,540 115,339

Bclys Int'l Share 0.86 0.63 842 1.38% 1.90%70,758 61,000 44,259

Bclys MIF Aust Share 1.18 0.97 2,170 5.29% 6.42%34,893 41,000 33,815

MFS Global Equity 1.18 1.16 735 1.88% 1.90%33,280 39,170 38,768

Perp WS Australian 2.25 1.98 1,583 3.37% 3.81%20,916 46,999 41,497

Platinum Int'l Fund 1.79 1.56 2,295 5.92% 6.80%21,669 38,748 33,741

Vang Idx Int'l FI-H 0.99 1.03 3,530 8.02% 7.69%44,377 44,000 45,904

599,844 554,442 25,534

1,191,816 1,152,992 56,760

Page 10: SAMPLE SUPERANNUATION FUND FINANCIAL STATEMENTS AND ... · PDF filesample superannuation fund financial statements and reports ... sample superannuation fund financial statements index

SAMPLE SUPERANNUATION FUND

INVESTMENT SUMMARY PIE CHARTS AT 30 JUNE 2008

1.81 %

38.87 %

29.35 %

8.04 % 3.91 %

13.50 %

3.53 %

0.99 %

2.12 %

38.22 %

28.49 %

8.19 % 3.62 %

14.79 %

1.01 %

3.55 %

By Asset Allocation at Cost By Asset Allocation at Market

Asset Groups (by Asset Allocation) Cost Market

Amount PercentPercentAmount

25,314Australian Fixed Interest 20,896 1.81%2.12%

455,519Australian Shares 448,179 38.87%38.22%

339,551Cash 338,424 29.35%28.49%

97,645Direct Property 92,664 8.04%8.19%

43,195International Fixed Interest 45,064 3.91%3.62%

176,226International Shares 155,677 13.50%14.79%

12,023Listed Property 11,383 0.99%1.01%

42,342Other 40,706 3.53%3.55%

100.00%100.00%1,191,815 1,152,992

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SAMPLE SUPERANNUATION FUND

INVESTMENT MOVEMENT REPORT AT 30 JUNE 2008

Investment

Units

Disposals

Cost Prof/(Loss)

Closing Balance

Units Cost

Additions

Units Cost Market

Opening Balance

Units Cost

Cash/Bank Accounts

5,755MECU Access Account 66,651 (43,939) 28,467 28,467

44,188MECU Cyber Saver Account 92,566 (40,000) 96,754 96,754

31,762St George eCash Account 262,404 (287,767) 6,399 6,400

150,000Term Deposit - Mecu

138310684

8,121 158,121 158,121

50,000Term Deposit - Mecu

138312081

7,519 (57,519)

Term Deposit - Mecu

23180088

35,180 (6,827) 28,353 28,353

472,441 (436,052) 318,095318,094281,705

Fixed Interest Securities (Australian)

8,09379Australia and New Zealand

Banking Group Limited

Stapled Exchangeable

Preference

79 8,093 7,900

100Timbercorp Limited

(Debenture)

10,000 (10,000)(100)

10,000 (10,000) 7,9008,0938,093

Shares in Listed Companies (Australian)

15,0092,911Alumina Limited 2,911 15,009 13,798

Australia and New Zealand

Banking Group Limited

20,168 700 20,168 13,104700

16,1872,270Axa Asia Pacific Holdings

Limited

10,082 3,600 26,269 16,8481,330

15,772495Csl Limited 495 15,772 17,672

9,9244,447Csr Limited 889 (10,814) (1)(4,447) 3,420

9,10789I.A.G Perpetual Reset

Exchangeable Notes

89 9,107 7,288

17,5983,496Insurance Australia Group

Limited

3,496 17,598 12,131

11,7834,747Invocare Limited 4,747 11,783 30,096

Page 12: SAMPLE SUPERANNUATION FUND FINANCIAL STATEMENTS AND ... · PDF filesample superannuation fund financial statements and reports ... sample superannuation fund financial statements index

SAMPLE SUPERANNUATION FUND

INVESTMENT MOVEMENT REPORT AT 30 JUNE 2008

Investment

Units

Disposals

Cost Prof/(Loss)

Closing Balance

Units Cost

Additions

Units Cost Market

Opening Balance

Units Cost

16,1063,400Metcash Limited 3,400 16,106 12,580

14,993325Perpetual Trustees

Australia Limited

325 14,993 13,900

9,978229Rio Tinto Limited 229 9,978 31,030

13,697462St George Bank Limited 4,976 607 18,673 16,456145

16,1591,670Transfield Services Limited 1,670 16,159 12,391

8,03575Transpacific Non-

Cumulative Unsec.Step-Up

Preference

75 8,035 5,625

13,7051,972Transurban Group 1,972 13,705 8,342

14,482501Wesfarmers Limited 1,827 564 16,309 21,03763

9,993416Woodside Petroleum

Limited

416 9,993 28,080

16,090870Zinifex Limited 10,038 1,485 26,128 12,177615

47,980 (10,814) 3,420 272,555265,784228,618

Units in Listed Unit Trusts (Australian)

50,00067,835AXA WS Global Eq Gth (50,000)(67,835) (8,229)

42,51747,302AXA WS Global Eq Val 47,302 42,517 43,551

Advance Global Alpha Fund -

Wholesale Units

41,771 46,039 41,771 40,16446,039

Asciano Group 15,098 1,630 15,098 5,6561,630

108,00137,608Ausbil-Aust Act Eqty 37,608 108,001 111,748

Axa - Wholesale Australian

Property Fund

121,540 77,696 121,540 115,33977,696

61,00070,758Bclys Int'l Share 70,758 61,000 44,259

41,00034,893Bclys MIF Aust Share 34,893 41,000 33,815

39,17033,280MFS Global Equity 33,280 39,170 38,768

46,99920,916Perp WS Australian 20,916 46,999 41,497

38,74821,669Platinum Int'l Fund 21,669 38,748 33,741

105,29995,415SSgA List Prop Index (105,299)(95,415) 15,825

44,00044,377Vang Idx Int'l FI-H 44,377 44,000 45,904

Page 13: SAMPLE SUPERANNUATION FUND FINANCIAL STATEMENTS AND ... · PDF filesample superannuation fund financial statements and reports ... sample superannuation fund financial statements index

SAMPLE SUPERANNUATION FUND

INVESTMENT MOVEMENT REPORT AT 30 JUNE 2008

Investment

Units

Disposals

Cost Prof/(Loss)

Closing Balance

Units Cost

Additions

Units Cost Market

Opening Balance

Units Cost

178,409 (155,299) 7,596 554,442599,844576,734

708,830 (612,165) 1,152,9921,191,81511,0161,095,150

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SAMPLE SUPERANNUATION FUND

INVESTMENT INCOME REPORT AT 30 JUNE 2008

Inv estment Add Less Taxable

Income

(incl Cap Gains) Gains

Capital

Indexed Discounted

Capital

Gains* Gains*

Capital

Other Taxable

Capital

Gains

GSTDiscountedExpensesTax

Def erred Capital Gains*

Tax ExemptTax FreeTFN

CreditsCredits

ForeignFranking

CreditsIncome

Total

Cash/Bank Accounts

MECU Access

Account

162 162

MECU Cy ber

Sav er Account

2,650 2,650

St George eCash

Account

2,463 2,463

Term Deposit -

Mecu 138312081

3,309 3,309

8,584 8,584

Fixed Interest Securities (Australian)

Australia and New

Zealand Banking

Group Limited

Stapled

Exchangeable

Pref erence

646 646

MECU Term

Deposit

8,121 8,121

Timbercorp

Limited

(Debenture)

488 488

9,255 9,255

Shares in Listed Companies (Australian)

Alumina Limited 299699 998

Australia and New

Zealand Banking

Group Limited

222518 740

Axa Asia Pacif ic

Holdings Limited

112678 790

Csl Limited 19205 224

Csr Limited 172400 572

I.A.G Perpetual 164382 546

* Includes Foreign Capital Gains

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SAMPLE SUPERANNUATION FUND

INVESTMENT INCOME REPORT AT 30 JUNE 2008

Inv estment Add Less Taxable

Income

(incl Cap Gains) Gains

Capital

Indexed Discounted

Capital

Gains* Gains*

Capital

Other Taxable

Capital

Gains

GSTDiscountedExpensesTax

Def erred Capital Gains*

Tax ExemptTax FreeTFN

CreditsCredits

ForeignFranking

CreditsIncome

Total

Reset

Exchangeable

Notes

Insurance

Australia Group

Limited

4421,031 1,473

Inv ocare Limited 4581,068 1,526

Metcash Limited 277646 923

Perpetual

Trustees Australia

Limited

5241,222 1,746

Rio Tinto Limited 151352 503

St George Bank

Limited

386901 1,287

Transf ield

Serv ices Limited

258601 859

Transpacif ic Non-

Cumulativ e

Unsec.Step-Up

Pref erence

232541 773

Transurban Group 1,124 796 328

Wesf armers

Limited

4401,027 1,467

Woodside

Petroleum Limited

185433 618

Zinif ex Limited 6681,559 2,227

13,387 5,009 796 17,600

Units in Listed Unit Trusts (Australian)

AXA WS Global

Eq Val

970 190 1,160

Adv ance Global

Alpha Fund -

Wholesale Units

905 6 911

Asciano Group 750 599 151

* Includes Foreign Capital Gains

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SAMPLE SUPERANNUATION FUND

INVESTMENT INCOME REPORT AT 30 JUNE 2008

Inv estment Add Less Taxable

Income

(incl Cap Gains) Gains

Capital

Indexed Discounted

Capital

Gains* Gains*

Capital

Other Taxable

Capital

Gains

GSTDiscountedExpensesTax

Def erred Capital Gains*

Tax ExemptTax FreeTFN

CreditsCredits

ForeignFranking

CreditsIncome

Total

Ausbil-Aust Act

Eqty

1,3383,268 8 38 4,576

Axa - Wholesale

Australian

Property Fund

32 458 9158,486 6 1,359 6,707 915

Bcly s Int'l Share 97 194842 135 880 194

Bcly s MIF Aust

Share

528 276 5512,170 2 43 2,381 551

MFS Global Equity 114 227735 130 751 227

Perp WS

Australian

6261,583 20 2,229

Platinum Int'l Fund 348 6972,295 83 2,030 697

Vang Idx Int'l FI-H 3,530 3 3,533

25,534 2,524 583 2,039 1,292 25,310 2,585 2,585

2,5852,58560,7491,2922,8355837,53356,760

* Includes Foreign Capital Gains

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SAMPLE SUPERANNUATION FUND

DETAILED INVESTMENT DISPOSALS REPORT AT 30 JUNE 2008

Investment Purchase Cost BaseUnitsDisposal TaxableTotalConsiderationAdjusted AccountingNon Taxable

Method Sold Cost Adjustments Cost Base Prof/(Loss) Prof/(Loss) Prof/(Loss) Prof/(Loss)

Date

Shares in Listed Companies (Australian)

Csr Limited

Discounted 4,447Disposal 14,234 2,280 1,140 3,42010,814 10,814 3,42011/09/2007

10,814 10,814 14,234 3,420 2,280 1,140 3,4204,447

10,814 10,814 14,234 3,420 2,280 1,140 3,420

Units in Listed Unit Trusts (Australian)

AXA WS Global Eq Gth

Other 67,835Disposal 41,771 (8,229) (8,229)50,000 50,000 (8,229)02/04/2008

50,000 50,000 41,771 (8,229) (8,229) (8,229)67,835

SSgA List Prop Index

Discounted 95,415Disposal 4,918 116,206 10,550 5,275 10,907105,299 100,381 15,82509/08/2007

105,299 4,918 100,381 116,206 15,825 10,550 5,275 10,90795,415

155,299 4,918 150,381 157,977 7,596 2,321 5,275 2,678

6,0986,4154,60111,016172,211161,1954,918166,113

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SAMPLE SUPERANNUATION FUND

INVESTMENT STRATEGY COMPARISON CHART AT 30 JUNE 2008

Low er Strategy Actual

Benchmark Upper Strategy

AFI AS C DP IFI IS LP O

Asset A

llocatio

n (

%)

100.00

90.00

80.00

70.00

60.00

50.00

40.00

30.00

20.00

10.00

0.00

Low er Strategy Actual

Benchmark Upper Strategy

AFI AS C DP IFI IS LP O

Asset A

llocatio

n (

%)

100.00

90.00

80.00

70.00

60.00

50.00

40.00

30.00

20.00

10.00

0.00

By Asset Allocation at MarketBy Asset Allocation at Cost

Asset Groups (by Asset Allocation) Investment Strategy

Strategy

%

Actual (Cost)

Amount Percent Amount Percent

Actual (Market) Benchmark

%

Australian Fixed Interest 25,314 2.12%0.00 30.00- 20,896 1.81% 5.00

Australian Shares 455,519 38.22%0.00 70.00- 448,179 38.87% 80.00

Cash 339,551 28.49%0.00 30.00- 338,424 29.35% 5.00

Direct Property 97,645 8.19%- 92,664 8.04%

International Fixed Interest 43,195 3.62%0.00 30.00- 45,064 3.91%

International Shares 176,226 14.79%0.00 70.00- 155,677 13.50% 5.00

Listed Property 12,023 1.01%0.00 70.00- 11,383 0.99% 5.00

Other 42,342 3.55%- 40,706 3.53%

$1,191,815 100.00% 100.00%$1,152,992

Page 19: SAMPLE SUPERANNUATION FUND FINANCIAL STATEMENTS AND ... · PDF filesample superannuation fund financial statements and reports ... sample superannuation fund financial statements index

SAMPLE SUPERANNUATION FUND

TOTAL INVESTMENT RETURN REPORT AT 30 JUNE 2008

Investment This Year

Units Cost Market Units

Last Year

Cost MarketChange

Cost Market

Change Gain/(Loss)

Realised Income Total

Return Return

Percent

Cash/Bank Accounts

MECU Access

Account

28,467 5,755 22,712 2.81%28,467 5,755 22,712 162 162

MECU Cyber Saver

Account

96,754 44,188 52,566 6.00%96,754 44,188 52,566 2,650 2,650

St George eCash

Account

6,400 31,762 (25,362) 7.75%6,400 31,762 (25,362) 2,463 2,463

Term Deposit -

Mecu 138310684

158,121 150,000 8,121158,121 150,000 8,121

Term Deposit -

Mecu 138312081

50,000 (50,000) 6.62%50,000 (50,000) 3,309 3,309

Term Deposit -

Mecu 23180088

28,353 28,35328,353 28,353

318,095 281,705 281,705 3.05%36,390318,095 36,390 8,584 8,584

Fixed Interest Securities (Australian)

Australia and New

Zealand Banking

Group Limited

Stapled

Exchangeable

Preference

8,093 79 8,011 (111) 6.68%79 7,900 8,093 646 535

MECU Term

Deposit

8,121 8,121

Timbercorp

Limited

(Debenture)

100 10,100 (10,100) (95.17%)488 (9,612)

8,093 8,093 18,111 (5.28%)(10,211)7,900 9,255 (956)

Shares in Listed Companies (Australian)

Alumina Limited 15,009 2,911 22,677 (8,879) (36.07%)2,911 13,798 15,009 699 (8,180)

Australia and New

Zealand Banking

20,168 13,104 (49.95%)700 13,104 20,168 518 (6,546)

Page 20: SAMPLE SUPERANNUATION FUND FINANCIAL STATEMENTS AND ... · PDF filesample superannuation fund financial statements and reports ... sample superannuation fund financial statements index

SAMPLE SUPERANNUATION FUND

TOTAL INVESTMENT RETURN REPORT AT 30 JUNE 2008

Investment This Year

Units Cost Market Units

Last Year

Cost MarketChange

Cost Market

Change Gain/(Loss)

Realised Income Total

Return Return

Percent

Group Limited

Axa Asia Pacific

Holdings Limited

26,269 2,270 16,866 (18) (55.86%)3,600 16,848 16,187 10,082 678 (9,422)

Csl Limited 15,772 495 14,520 3,152 23.12%495 17,672 15,772 205 3,357

Csr Limited 4,447 15,476 (15,476) (11.19%)9,924 (9,924) 4003,420 (1,732)

I.A.G Perpetual

Reset

Exchangeable

Notes

9,107 89 8,908 (1,620) (13.90%)89 7,288 9,107 382 (1,238)

Insurance Australia

Group Limited

17,598 3,496 19,927 (7,796) (33.95%)3,496 12,131 17,598 1,031 (6,765)

Invocare Limited 11,783 4,747 29,479 617 5.72%4,747 30,096 11,783 1,068 1,685

Metcash Limited 16,106 3,400 15,300 (2,720) (13.56%)3,400 12,580 16,106 646 (2,074)

Perpetual Trustees

Australia Limited

14,993 325 25,516 (11,616) (40.74%)325 13,900 14,993 1,222 (10,394)

Rio Tinto Limited 9,978 229 22,623 8,407 38.72%229 31,030 9,978 352 8,759

St George Bank

Limited

18,673 462 16,369 87 (24.36%)607 16,456 13,697 4,976 901 (3,988)

Transfield Services

Limited

16,159 1,670 18,554 (6,163) (29.98%)1,670 12,391 16,159 601 (5,562)

Transpacific Non-

Cumulative

Unsec.Step-Up

Preference

8,035 75 7,852 (2,227) (21.47%)75 5,625 8,035 541 (1,686)

Transurban Group 13,705 1,972 15,796 (7,454) (40.07%)1,972 8,342 13,705 1,124 (6,330)

Wesfarmers

Limited

16,309 501 22,911 (1,874) (11.67%)564 21,037 14,482 1,827 1,027 (2,674)

Woodside

Petroleum Limited

9,993 416 19,032 9,048 49.82%416 28,080 9,993 433 9,481

Zinifex Limited 26,127 870 16,373 (4,196) (77.41%)1,485 12,177 16,090 10,037 1,559 (12,674)

265,784 228,618 308,179 (18.17%)(35,624)272,555 37,166 13,3873,420 (55,983)

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SAMPLE SUPERANNUATION FUND

TOTAL INVESTMENT RETURN REPORT AT 30 JUNE 2008

Investment This Year

Units Cost Market Units

Last Year

Cost MarketChange

Cost Market

Change Gain/(Loss)

Realised Income Total

Return Return

Percent

Units in Listed Unit Trusts (Australian)

AXA WS Global Eq

Gth

67,835 49,269 (49,269) (15.22%)50,000 (50,000) (8,229) (7,498)

AXA WS Global Eq

Val

42,517 47,302 61,493 (17,942) (27.60%)47,302 43,551 42,517 970 (16,972)

Advance Global

Alpha Fund -

Wholesale Units

41,771 40,164 (1.75%)46,039 40,164 41,771 905 (702)

Asciano Group 15,098 5,656 (153.68%1,630 5,656 15,098 750 (8,692)

Ausbil-Aust Act Eqty 108,001 37,608 126,611 (14,863) (9.16%)37,608 111,748 108,001 3,268 (11,595)

Axa - Wholesale

Australian Property

Fund

121,540 115,339 1.98%77,696 115,339 121,540 8,486 2,285

Bclys Int'l Share 61,000 70,758 58,552 (14,293) (22.97%)70,758 44,259 61,000 842 (13,451)

Bclys MIF Aust

Share

41,000 34,893 40,343 (6,528) (10.80%)34,893 33,815 41,000 2,170 (4,358)

MFS Global Equity 39,170 33,280 47,451 (8,683) (16.75%)33,280 38,768 39,170 735 (7,948)

Perp WS Australian 46,999 20,916 47,304 (5,807) (8.93%)20,916 41,497 46,999 1,583 (4,224)

Platinum Int'l Fund 38,748 21,669 40,235 (6,494) (10.44%)21,669 33,741 38,748 2,295 (4,199)

SSgA List Prop

Index

95,415 123,667 (123,667) (2.06%)105,299 (105,299) 15,825 (2,543)

Vang Idx Int'l FI-H 44,000 44,377 42,455 3,449 16.44%44,377 45,904 44,000 3,530 6,979

599,844 576,734 637,380 (11.44%)(82,938)554,442 23,110 25,5347,596 (72,918)

1,191,816 1,095,150 (9.74%)1,152,992 (92,383)1,245,375 96,666 56,76011,016 (121,273)

Page 22: SAMPLE SUPERANNUATION FUND FINANCIAL STATEMENTS AND ... · PDF filesample superannuation fund financial statements and reports ... sample superannuation fund financial statements index

SAMPLE SUPERANNUATION FUND

TRUSTEES DECLARATION

In the opinion of the trustees of

SAMPLE SUPERANNUATION FUND:

The fund is not a reporting entity and this special purpose financial report should be prepared in accordance with the

accounting policies described in Note 1 to these financial statements.

(i) the financial statements and notes to the financial statements for the year ended 30 June 2008 present fairly the

financial position of the Superannuation Fund at 30 June 2008 and the results of its operations for the year then ended

in accordance with the accounting policies described in Note 1 to the financial statements; and

(ii) the financial statements and notes to the financial statements have been prepared in accordance with the

requirements of the Trust Deed; and

(iii) the operation of the Superannuation Fund has been carried out in accordance with its Trust Deed and in

compliance with the requirements of the Superannuation Industry (Supervision) Act 1993 during the year ended 30

June 2008.

Signed in accordance with a resolution of the trustees by:

Homer Sample

Sample Trustee Company Pty Ltd

Director

Marge Sample

Sample Trustee Company Pty Ltd

Director

DATED: / /

Page 23: SAMPLE SUPERANNUATION FUND FINANCIAL STATEMENTS AND ... · PDF filesample superannuation fund financial statements and reports ... sample superannuation fund financial statements index

SAMPLE SUPERANNUATION FUND

STATEMENT OF TAXABLE INCOME

FOR THE PERIOD 1 JULY 2007 TO 30 JUNE 2008

2008

$

(79,951.00)Benefits Accrued as a Result of Operations before Income Tax

Less:

Member/Personal Contributions - Non Concessional (Undeducted)

(36,319.00)

Accounting Capital Gains (11,016.00)

Distributed Capital Gains (3,877.00)Non Taxable Distributions Received 2,083.00Other Non Taxable Items (1.00)

(49,130.00)

(129,081.00)

Add:

Decrease in Market Value of Investments 178,157.00Taxable Capital Gains 9,929.00Imputed Credits 7,532.00Foreign Credits 583.00

196,201.00

Taxable Income 67,120.00

Tax Payable on Taxable Income 10,068.00

Less:

Imputed Credits 7,532.19Foreign Credits 583.00Instalments Paid 10,080.00

18,195.19

Income Tax Payable/(Refund) (8,127.19)

Add:

Supervisory levy 150.00

(7,977.19)Total Amount Due or Refundable

Page 24: SAMPLE SUPERANNUATION FUND FINANCIAL STATEMENTS AND ... · PDF filesample superannuation fund financial statements and reports ... sample superannuation fund financial statements index

SAMPLE SUPERANNUATION FUND

Member's Statement

MR HOMER SAMPLE

The Trustee of the above named fund wish to advise you of the circumstances of your entitlement in the Fund at 30June 2008 and for the reporting period 1 July 2007 to 30 June 2008.

Your Details Your BalanceDate of Birth 1 January 1930 Total Benefits $550,244Tax File Number Not Provided Comprising:Date Joined Fund 12 August 1993 - Preserved $488,583Service Period Start Date 14 April 1971 - Restricted Non PreservedDate Left Fund - Unrestricted Non Preserved $61,661Member Mode Pension Including:Account Description - Tax Free Component $276,492Current Salary - Taxable Component $273,751Vested Amount $550,244Insured Death BenefitTotal Death Benefit $550,244 Tax Free Proportion 50.25%Disability Benefit Taxable Proportion 49.75%Nominated Beneficiaries Marge Sample

Your Detailed Account Preserved Restricted Non

Preserved

Unrestricted Non

Preserved

Total

Opening Balance at 1 July 2007 515,115 63,517 578,631Add: Increases to Member's AccountDuring the PeriodConcessional Contributions 5,607 5,607Non-Concessional Contributions 16,660 16,660Other ContributionsGovt ContributionsEmployer Contributions - No TFNProceeds of Insurance PoliciesShare of Net Income/(Loss) for period (52,015) (52,015)Transfers in and transfers from reserves

(29,748) (29,748)

485,366 63,517 548,883Less: Decreases to Member's AccountDuring the PeriodBenefits/Pensions Paid 1,855 1,855Contributions Tax 841 841Income Tax (4,057) (4,057)No TFN Excess Contributions TaxInsurance Policy Premiums PaidManagement FeesShare of fund expensesSuperannuation Surcharge TaxTransfers out and transfers to reserves

(3,216) 1,855 (1,361)

Member's Account Balance at

30/06/2008

488,582 61,662 550,244

Reference: SAMPLE / 501

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Availability of Other Fund InformationOther information about the Fund is available at your request from the Trustee. If you would like any furtherinformation, please contact the Trustee.

Trustee's DisclaimerThis statement has been prepared by the Trustee for the member whose name appears at the top of this statement. Every effort has been made by the Trustee to ensure the accuracy and completeness of this Statement. The Trusteedoes not accept any liability for any error, omission or misprint. All amounts shown in relation to benefits do not takeinto account any amounts which may be withheld to satisfy the requirements imposed by the Income TaxAssessment Act 1936.

Signed by all the trustees of the fund

Homer SampleDirector

Marge SampleDirector

Statement Date: / /

Page 26: SAMPLE SUPERANNUATION FUND FINANCIAL STATEMENTS AND ... · PDF filesample superannuation fund financial statements and reports ... sample superannuation fund financial statements index

SAMPLE SUPERANNUATION FUND

Member's Statement

MRS MARGE SAMPLE

The Trustee of the above named fund wish to advise you of the circumstances of your entitlement in the Fund at 30June 2008 and for the reporting period 1 July 2007 to 30 June 2008.

Your Details Your BalanceDate of Birth 1 January 1956 Total Benefits $640,439Tax File Number Provided Comprising:Date Joined Fund 12 August 1993 - Preserved $600,478Service Period Start Date 1 October 1974 - Restricted Non PreservedDate Left Fund - Unrestricted Non Preserved $39,961Member Mode Pension Including:Account Description - Tax Free Component $285,047Current Salary - Taxable Component $355,391Vested Amount $640,439Insured Death BenefitTotal Death Benefit $640,439 Tax Free Proportion 44.51%Disability Benefit Taxable Proportion 55.49%Nominated Beneficiaries Homer Sample

Your Detailed Account Preserved Restricted Non

Preserved

Unrestricted Non

Preserved

Total

Opening Balance at 1 July 2007 637,748 84,961 722,709Add: Increases to Member's AccountDuring the PeriodConcessional ContributionsNon-Concessional Contributions 19,660 19,660Other ContributionsGovt ContributionsEmployer Contributions - No TFNProceeds of Insurance PoliciesShare of Net Income/(Loss) for period (61,747) (61,747)Transfers in and transfers from reserves

(42,087) (42,087)

595,661 84,961 680,622Less: Decreases to Member's AccountDuring the PeriodBenefits/Pensions Paid 45,000 45,000Contributions TaxIncome Tax (4,816) (4,816)No TFN Excess Contributions TaxInsurance Policy Premiums PaidManagement FeesShare of fund expensesSuperannuation Surcharge TaxTransfers out and transfers to reserves

(4,816) 45,000 40,184

Member's Account Balance at

30/06/2008

600,477 39,961 640,438

Reference: SAMPLE / 502

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Availability of Other Fund InformationOther information about the Fund is available at your request from the Trustee. If you would like any furtherinformation, please contact the Trustee.

Trustee's DisclaimerThis statement has been prepared by the Trustee for the member whose name appears at the top of this statement. Every effort has been made by the Trustee to ensure the accuracy and completeness of this Statement. The Trusteedoes not accept any liability for any error, omission or misprint. All amounts shown in relation to benefits do not takeinto account any amounts which may be withheld to satisfy the requirements imposed by the Income TaxAssessment Act 1936.

Signed by all the trustees of the fund

Homer SampleDirector

Marge SampleDirector

Statement Date: / /