12.4.1 Statement of Financial Position
A Statement of Financial Position provides a summary report of Assets, Liabilities and Member Benefits Payable as at a selected date.
The total value of Fund investments in each Asset class is listed, then added to determine the total asset value. Liabilities are deducted to determine the net assets available to pay benefits.
The total member benefits opening balance is displayed, along with the total of unallocated income and expenses (if any) to determine the total accrued benefit.
NOTE: This report does not display balances for individual members. Nor does it segregate assets or liabilities.
The format of this report is identical to the Statement of Financial Position – Comparative (see sample in 22.214.171.124) except that it shows the position only at the selected date and does not expose figures for past periods.
12.4.2 Statement of Financial Position – Comparative
The Statement of Financial Position -Comparative provides an identical report to the Statement of Financial Position, but adds a column to display the previous year’s totals.
The only filter available is report date. The report will display a summary of assets and liabilities as at the selected date, and as at the previous 30 June.
12.4.3 Detailed Statement of Financial Position
Generating a Detailed Statement of Financial Position enables you to see the individual values of each investment and greater detail of the types of liabilities of the Fund.
Again, the only filter available is date. The report will reveal the Fund position as at the date the user selects.
12.4.4 Capital Gains Report
The Capital Gains Report offers many more filtering options. You can select the Fund Account, Entire Fund, or individual member accounts.
You can also an ”as of” date or a ”to” date, or you can choose a financial year. Note that choosing a financial year will automatically reset the ”as of” and ”to” dates and 1 July and 30 June in the selected financial year.
And you can choose from Long term or Short term.
The resulting report will show the date purchased, quantity (if applicable), date sold, cost basis, sale price and realized gain.