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Department of Defence
Statement by the Chief Executive and Chief Finance Officer

In our opinion, the attached financial statements for the year ended 30 June 2003 give a true and fair view of the matters required by the Finance Minister's Orders made under the Financial Management and Accountability Act 1997, except for uncertainty relating to:

Considerable progress has been made over the past year in identifying and addressing the pricing issues associated with general stores and explosive ordnance inventory. The reliability of recording and tracking movements in repairable items has also improved. Military leave records are subject to a comprehensive data quality review of leave processes and balances. Further progress on these issues will be made in 2003-04.

The Department has, for a number of years, consistently reported on two 'Special Accounts' although only one of these accounts was determined by the Minister for Finance. The Department has now rectified this matter (Note 28 refers).

[ original signed ] [ original signed ]
R C Smith
Secretary
24 October 2003
L P Bennett
Chief Finance Officer
24 October 2003