Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts59. (1) A Territory authority shall, as soon as practicable after the end of each financial year, prepare annual financial statements relating to its operations during the year.
(2) The annual financial statements shall be prepared in accordance with generally accepted accounting practice and in a form that facilitates a comparison between the financial operations of the authority during the year and the estimates of those operations contained in the statement of intent for the year that was provided by the authority pursuant to section 58.
(3) The annual financial statements shall include—
(a) an operating statement for the authority for the year;
(b) a statement of the assets and liabilities of the authority at the end of the year;
(c) a statement of the cash flows of the authority for the year;
(d) a statement of the performance of the authority in achieving the objectives specified in the statement of intent for the year that was provided by the authority pursuant to section 58; and
(e) such other statements as are necessary to fairly reflect the financial operations of the authority during the year and its financial position at the end of the year.
(4) The statement of performance under paragraph (3) (d) shall assess the performance of the authority in achieving the objectives specified in the statement of intent by reference to the performance criteria and other measures specified in that statement pursuant to paragraph 58 (3) (g).