Publications

2014-15 Model Report

The Model Report for Victorian Government Departments is provided to assist Victorian government departments and other public sector entities with the planning and preparation of disclosures in their 2015 annual reports.

Full report

Amendments to 2014-15 Model Report

Following the release of the 2014-15 Model Report for Victorian Government Departments, DTF has made some amendments in the Model Report, primarily to reflect an illustration of a scope-limited relief on the fair value disclosures in relation to assets within the scope of AASB 116 Property, Plant and Equipment.  

The amendments are made as a result of an early adoption of the AASB 2015-7 Amendments to Australian Accounting Standards - Fair Value Disclosures of Not-for-Profit Public Sector Entities, which has been released by the Australian Accounting Standards Board on 13 July 2015, and has received the ministerial approval for early adoption in the 2014-15 reporting period. 

Departments and not-for-profit public sector entities should note that the requirement to early adopt the accounting amending standard AASB 2015-7 is optional for the 2014-15 reporting period, and the reduced disclosures highlighted in grey on pages 197-198 and 201-202 of the Model Report are only applicable if the assets are held primarily for their current service potential rather than to generate future cash net inflows. 

For entities that opt not to early adopt AASB 2015-7 and the for-profit public sector entities, the existing disclosure requirements remain unchanged.

In addition, reference updates on page 70 of the Model Report have been made in the Model Report to reflect the recently released Financial Reporting Directions.

 2015 summary of changes

Reviewed 16/05/2018
Was this page helpful?