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HSRC Annual Report 2016/17
PART E: Annual Financial Statements
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GRAP 108 – Statutory Receivables;
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GRAP 109 – Accounting by Principals and Agents; and
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GRAP 110 – Living and Non-living Resources.
Management believes that the adoption of these standards in future periods will have no material impact on the Financial
Statements, as they have been used to formulate and inform the current accounting policies and disclosures where
applicable to the HSRC. Application of all of the above Standards of GRAP will be effective from a date to be announced
by the Minister of Finance. This date is not currently available.
1.19. Segment reporting information
The HSRC manages the operations as a combined operations with the Board and CEO, making key financial decisions
based on the combined operations. Resource allocation, assets and liabilities are also managed on a combined basis
and as such the organisation has a single reporting entity. Geographical information is not provided as there are no
distinct economic benefits attached to the respective regional offices, with research projects undertaken in all different
parts of the country.