127 / 136
125
NOTE 36
REMUNERATION OF AUDITORS
During the year the following fees were paid or payable for services provided by the auditor.
2016
2015
$’000
$’000
a) Audit Services
Pitcher Partners Sydney* for audit and review of financial reports and
other audit work under the
Corporations Act 2001
422
466
Other audit firms for the audit or review of financial reports
of any entity in the Group
454
300
876
766
b) Other services
Pitcher Partners Sydney*
Tax compliance services
116
100
Other auditors of Group entities
Other services
57
23
Total remuneration for other services
173
123
*
On 1 November 2015, Moore Stephens Sydney merged with Pitcher Partners Sydney.
36
i) Financial statement presentation
The Group has attempted to improve the transparency of its reporting by adopting ‘plain English’ where possible.
Key ‘plain English’ phrases and their equivalent AASB terminology are as follows:
‘Plain English’ terminology
AASB terminology
Share capital
Contributed equity
Trading equities
Other financial assets at fair value through profit or loss
Long term equity investments
Available for sale financial assets
Equity accounted associates
Investments accounted for using the equity method
Term deposits
Held to maturity investments
The accounting standards also require the presentation of a statement of comprehensive income which presents
all items of recognised income and expenditure either in one statement or in two linked statements. The
Consolidated entity has elected to present two statements.