SITXFIN005 Manage physical assetsLearner Assessment PackV2.0_August 2019 Evidence recordedEvidence Type/ Method of assessmentEvidence SubmittedUnit Assessment Part 1Unit Knowledge Assessment (UKA)Yes / NoUnit Assessment Part 2Unit Skills Assessment (USA)Yes / No CONTENTSUNIT OVERVIEW ……………………………………………………………………………………………………………………………………… 3Unit Description ……………………………………………………………………………………………………………………………………… 3AQF SPECIFICATIONS FOR ASSESSMENTS ………………………………………………………………………………………………………………… 5Knowledge……………………………………………………………………………………………………………………………………………… 5Skills ……………………………………………………………………………………………………………………………………………………… 5Application …………………………………………………………………………………………………………………………………………….. 5ACSF SPECIFICATIONS AND FOUNDATION SKILLS……………………………………………………………………………………………………….. 6SUBMITTING ASSESSMENTS………………………………………………………………………………………………………………………………… 6TRAINING RESOURCES……………………………………………………………………………………………………………………………………….. 6UNIT ASSESSMENT PLAN ………………………………………………………………………………………………………………………….. 6UNIT ASSESSMENT PART 1………………………………………………………………………………………………………………………… 7UNIT KNOWLEDGE ASSESSMENT (UKA) ………………………………………………………………………………………………………. 7STUDENT TO COMPLETE AND SUBMIT………………………………………………………………………………………………………… 7STUDENT INSTRUCTIONS:…………………………………………………………………………………………………………………………………… 8UNIT ASSESSMENT PART 2………………………………………………………………………………………………………………………..13UNIT SKILLS ASSESSMENT (USA) ………………………………………………………………………………………………………………..13STUDENT TO COMPLETE AND SUBMIT………………………………………………………………………………………………………..13STUDENT INSTRUCTIONS:…………………………………………………………………………………………………………………………………. 141. CASE STUDY BASED PROJECT REPORT WITH ROLE PLAY TASK……………………………………………………………………………. 15APPENDICES …………………………………………………………………………………………………………………………………………..20APPENDIX: 01…………………………………………………………………………………………………………………………………………… 21Case study – Nara Business Hotel ……………………………………………………………………………………………………………. 21APPENDIX: 01…………………………………………………………………………………………………………………………………………… 23Annual Year-end financial performance review form …………………………………………………………………………………. 23APPENDIX: 03…………………………………………………………………………………………………………………………………………… 24Internal Memo Template ……………………………………………………………………………………………………………………….. 24Apex Institute of Education | SITXFIN005 Learner Assessment Pack V2.0_Aug ’19 | CRICOS: 03156M Page 3 of 24UNIT OVERVIEWSITXFIN005 Manage physical assetsUNIT DESCRIPTIONThis unit describes the performance outcomes, skills and knowledge required to manage thephysical assets of an organisation. It requires the ability to establish systems and practices forasset monitoring, maintenance and acquisition.It applies to senior managers who operate with significant autonomy and who are responsible formaking a range of strategic management decisions. ElementPerformance Criteria1. Developpractices forsystematicmaintenance,repair andpurchase ofphysicalassets.1.1.Develop and maintain an accurate and current physical assets register.1.2.Develop practices for managing physical assets that reflect overall businessobjectives.1.3.Establish and implement maintenance and repair regimes that minimisedisruption and loss of revenue.1.4.Integrate practices to support environmental sustainability into use ofphysical assets.1.5.Evaluate current and potential financial ability to acquire physical assets.2. Monitor thecondition andperformance ofphysical assets.2.1.Establish and implement regular reporting practices to ensure effectiveperformance of physical assets.2.2.Identify physical asset problems promptly and take appropriate action.2.3.Assess long-term physical asset performance.2.4.Evaluate need for, and access, specialist assistance.3. Coordinatefinancing andpurchase ofphysical assets.3.1.Prepare accurate equipment specifications to guide acquisition process.3.2.Estimate acquisition costs based on evaluation of current, accurate andrelevant data.3.3.Make decisions on replacing and acquiring physical assets.3.4.Select methods of financing to meet current financial objectives.3.5.Finance acquisitions in consultation with financial specialists.3.6.Keep accurate records of all financial agreements.Performance Evidencedevelop a plan for the acquisition, maintenance and replacement of at least three different types ofphysical assets listed in the knowledge evidencedemonstrate procedures to:• monitor the utility of above assets to meet business needs• provide regular financial reports on the assets• record formal and informal customer and staff feedback• integrate day-to-day condition reports• schedule internal or external inspections or audits• schedule management reports• develop and maintain a current register for the above assets.Knowledge Evidencebusiness objectives relevant to the management of physical assets: Apex Institute of Education | SITXFIN005 Learner Assessment Pack V2.0_Aug ’19 | CRICOS: 03156M Page 4 of 24 • profitability• growth• providing quality products and services to customers• adhering to:o codes of conducto environmental sustainability philosophies and practices• industry accreditation schemestypes of physical assets required by tourism, hospitality and event organisations and the organisation inparticular:• buildings• computer systems• equipment fixtures, fittings and furniture in one of the following:o accommodation establishmentso commercial kitchenso restaurants and barso storage areaso tourism, hospitality and event officeso transportation depots• gardens• pools• rides and games• vehicles• vesselsmaintenance requirements for different types of physical assetsconsiderations for long-term assessment of physical assets:• ability to meet business objectives• cost of maintenance over a period of time• customer and staff feedback• input from specialists where required• operational efficiency• safetyequipment specifications to guide acquisition process:• budget parameters• environmental sustainability policies for the business• floor plans• numbers and types of required equipment fixtures, fittings and furniture• operational performance requirements:o efficiencyo customer traffico staff usage• types of products and services offered by the businessformats for and inclusions of asset registers specified in performance evidencefeatures and benefits of different financing options for asset acquisition:• hire purchase• lease• purchase• rentdepreciation that can be applied to different types of physical assetsdata used in the estimation of asset acquisition: Apex Institute of Education | SITXFIN005 Learner Assessment Pack V2.0_Aug ’19 | CRICOS: 03156M Page 5 of 24 • current maintenance contracts• estimates and quotations from suppliers• previous contracts and costs• published or advertised pricespractices to support environmental sustainability using different types of physical assetsSkills must be demonstrated in an operational tourism, travel, hospitality or event operation for whichphysical assets are monitored and maintained. This can be:an industry workplacea simulated industry environment.Assessment must ensure access to:
current commercial purchase specifications, supplier product and cost information, andcontractual documentation used for the purchase of assets. AQF SPECIFICATIONS FOR ASSESSMENTSAQF Specifications for Assessments in Advanced Diploma Qualifications:This assessment is set in accordance with the criteria for AQF Level 4. As stated in the AQF specification forthe Advanced Diploma qualifications must be designed and accredited to enable graduates to demonstratethe learning outcomes expressed as knowledge, skills and the application of knowledge and skills specifiedin the level 5 criteria and the Advanced Diploma descriptor.Students at this level will have specialised knowledge and skills for skilled/paraprofessional work and/orfurther learning.KNOWLEDGEStudents at this level will have broad theoretical and technical knowledge of a specific area or a broad fieldof work and learning.SKILLSStudents at this level will have a broad range of cognitive, technical and communication skills to select andapply methods and technologies to:• analyse information to complete a range of activities• interpret and transmit solutions to unpredictable and sometimes complex problems• transmit information and skills to othersAPPLICATIONStudents at this level will apply knowledge and skills to demonstrate autonomy, judgement and definedresponsibility in contexts that are subject to change and within broad parameters to provide specialist adviceand functions.Apex Institute of Education | SITXFIN005 Learner Assessment Pack V2.0_Aug ’19 | CRICOS: 03156M Page 6 of 24ACSF SPECIFICATIONS AND FOUNDATION SKILLSThe term ‘Foundation Skills’ is currently used to include the core skills defined in the Australian Core SkillsFramework (ACSF) as well as the employability skills identified by employers as critical for effectiveperformance in the workplace.Foundation skills encompass both the core skills of reading, writing, oral communication, numeracy andlearning as described by the Australian Core Skills Framework (ACSF), and the Employability Skills/Core Skillsfor Work. They exist on a continuum from very basic skills to highly-developed and specialist skills. Thefoundation skills for this unit are located in the Unit Outline Booklet and have been addressed in theassessment as part of the performance criteria for this unit.SUBMITTING ASSESSMENTSStudents should submit assessment tasks with the provided cover sheet.Assessments should be submitted on or before their due date. Extensions for individual assessment tasksmay be negotiated in specific circumstances. Consultation on this must occur prior to the due date andextensions due to illness will require a medical certificate. Extensions must be confirmed by the AcademicManager in writing.TRAINING RESOURCESThe student will have access to the following:• AIE Student Workbook• PowerPoint presentation• Learner Assessment Pack (LAP)• Access to a computer, the Internet and word-processing system such as MS Word and MS ExcelUNIT ASSESSMENT PLANTo demonstrate competence in this unit, you must be assessed as satisfactory in each of the followingassessment part. Evidence recordedEvidence Type/ Method of assessmentEvidence SubmittedUnit Assessment Part 1Unit Knowledge Assessment (UKA)Yes / NoUnit Assessment Part 2Unit Skills Assessment (USA)Yes / No Apex Institute of Education | SITXFIN005 Learner Assessment Pack V2.0_Aug ’19 | CRICOS: 03156M Page 7 of 24UNIT ASSESSMENT PART 1UNIT KNOWLEDGE ASSESSMENT (UKA)STUDENT TO COMPLETE AND SUBMITApex Institute of Education | SITXFIN005 Learner Assessment Pack V2.0_Aug ’19 | CRICOS: 03156M Page 8 of 24STUDENT INSTRUCTIONS:You are required to demonstrate the knowledge you have gained from undertaking SITXFIN005 Managephysical assets unit of competency.• All questions must be answered correctly to be completed satisfactorily.• All knowledge assessments are untimed and are conducted as open book (this means student canrefer to textbooks or any resources).• Student may handwrite/use computers to answer the questions.• This assessment task may be completed in a classroom, at home, learning management system (i.e.Moodle), or independent learning environment.• You must complete all questions unassisted by the assessor or other personnel but may refer toreference material as needed.Submission details• The Assessment Task is due on the date specified by your trainer. Any variations to this arrangementmust be approved in writing by your trainer.• Fill out and attach the Assessment Submission form to the documents you are submitting to bemarked.• Please answer each question on a separate page provided and clearly indicate the question numberat the top of the page.• The Trainer/Assessor may further prompt and question in order to receive answers of appropriatequality or if further clarification is required and to validate authenticity of your submitted work.Apex Institute of Education | SITXFIN005 Learner Assessment Pack V2.0_Aug ’19 | CRICOS: 03156M Page 9 of 24Answer all of the following questions.1. How can the following business objectives influence the methods used for managing physicalassets in an organisation? Provide 1 example for each: ProfitabilityGrowthProviding quality products and services to customersAdhering to:o codes of conducto environmental sustainability philosophies and practicesIndustry accreditation schemes 2. Provide 8 examples for different types of physical assets required by tourism, hospitality andevent organisations:Apex Institute of Education | SITXFIN005 Learner Assessment Pack V2.0_Aug ’19 | CRICOS: 03156M Page 10 of 243. List 5 physical assets relevant to your workplace or training and provide the maintenance detailstypically required for each: Physical assetMaintenance requirements1.2.3.4.5. 4. List 6 key aspects which must be considered for the long-term assessment of physical assets interms of nature of requirements and necessity of acquisition. Who could be typically involvedin this in terms of feedback and specialist advice? Responses1.2.3.4.5.6.Involvement 5. The following are parameters which are used to guide the acquisition of physical assets. Provideexamples and details for what should be considered, for each aspect. Budget parameters Apex Institute of Education | SITXFIN005 Learner Assessment Pack V2.0_Aug ’19 | CRICOS: 03156M Page 11 of 24 Environmental sustainability policies for the businessSite plansAuxiliary itemsPerformance requirementsSuitability to products and services offered 6. Which details need to be recorded in an asset register for each physical asset? Responses 7. Provide an overview of the features, advantages and disadvantages of each of the followingfinancing options when acquiring assets:1. Hire purchase2. Lease3. Purchase4. RentApex Institute of Education | SITXFIN005 Learner Assessment Pack V2.0_Aug ’19 | CRICOS: 03156M Page 12 of 248. Explain the methods for calculating the depreciation of assets using each of the followingmethods:a) Prime cost methodb) Diminishing Value Method9. Go to the ATO website link provided below and source the information for the currentsimplified depreciation rules which apply:https://www.ato.gov.au/Business/Income-and-deductions-for-business/Depreciatingassets/Simpler-depreciation-for-small-business/10. Provide 4 examples of sources for data to enable you to estimate reliable acquisition costs. Whatdoes this need to consider in terms of contractual obligations and ongoing maintenance? Responses1.2.3.4.Aspects to consider 11. List 3 examples for environmental sustainability that applies to physical assets and outline theenvironmental and financial benefits as applicable: ExampleEnvironmental and financial benefits Apex Institute of Education | SITXFIN005 Learner Assessment Pack V2.0_Aug ’19 | CRICOS: 03156M Page 13 of 24UNIT ASSESSMENT PART 2UNIT SKILLS ASSESSMENT (USA)STUDENT TO COMPLETE AND SUBMITApex Institute of Education | SITXFIN005 Learner Assessment Pack V2.0_Aug ’19 | CRICOS: 03156M Page 14 of 24STUDENT INSTRUCTIONS:The project consists of 3 parts, Part 1, 2 and 3 based on simulated business – ‘Nara Business Hotel.• If you are not sure about any aspect of the assessment or would like to discuss your particular needs,please speak to your trainer.• Your trainer will tell you the date you need to submit your assignment.• You need to complete all parts and submit them together by the due date.• This project assignment is to be completed using the “Nara Business Hotel” case study. It is includedin the “Appendix”.• The checklist table will identify the records that you are required to prepare and submit (as a singlesubmission).• Your assignment must be typed (in 12 point type on A4 paper) and you need to complete anAssessment Cover Page.• Make sure you keep a copy of your assignment before you hand it in to your trainerNote :Any Role Play or Presentation needs to be completed in the class with your Trainer / Assessor on the datespecified by your trainer.Apex Institute of Education | SITXFIN005 Learner Assessment Pack V2.0_Aug ’19 | CRICOS: 03156M Page 15 of 241. CASE STUDY BASED PROJECT REPORT WITH ROLE PLAY TASKThis project assignment is to be completed using the “Nara Business Hotel” case study. It isincluded in the “Appendix”. The assessment has three parts and the details are provided below:Part 1Requires you to develop a resource acquisition plan for the acquisition of 3 different resourcesfrom the following main categories:• buildings• computer systems• equipment fixtures, fittings and furniture in one of the following:• gardens• pools• rides and games• vehicles• vesselsPart 2Requires you to develop an asset register which needs to list the details for the 3 new physicalassets you have determined in Part A. You must include the maintenance requirements andschedule of maintenance for each asset.Part 3Requires you to develop a resource management strategy which provides details on how theefficiency of each asset is monitoredApex Institute of Education | SITXFIN005 Learner Assessment Pack V2.0_Aug ’19 | CRICOS: 03156M Page 16 of 24Part 1. – Acquisition PlanYou are working as a manager at the Nara Business Hotel. You have been informed of the hotelsexpansion plans by the senior management. You are required to choose 3 different physicalassets, relevant to Nara Business Hotel, which may include any of the following:• buildings• computer systems• equipment fixtures, fittings and furniture in one of the following:o accommodation establishmentso commercial kitchenso restaurants and barso storage areaso tourism, hospitality and event officeso transportation depots• gardens• pools• rides and games• vehicles• vesselsTask 11. Provide an overview of the business activities of the hotel relevant to the physical assetsselected.2. List the purpose of the acquisition or replacement of the physical assets, providing detailedinformation what informs the decision to acquire these new assets.3. Write an overview of specifications for each asset which clearly outline what requirements eachasset needs to fulfil in terms of capacity, performance, size, location requirements andmaximum budget for each or for the overall budget parameter.4. Obtain 3 prices or quotes from different suppliers or sources for each asset. Attach thecorrespondence and final quote received for each asset to this project.5. Contact a financial institution and at least 2 different suppliers and obtain information on 3different financing options available and costs (attach copies of your correspondence).6. Calculate the finance variants offered to you and determine the best options for each asset.Your options need to include potential factors for depreciation, consideration for technologychanges and financial impacts on the organisation and financial aspects for which you will seekspecialist advice. (Your depreciation calculations must consider the current regulationspublished on the ATO website).Apex Institute of Education | SITXFIN005 Learner Assessment Pack V2.0_Aug ’19 | CRICOS: 03156M Page 17 of 247. Based on your calculations in Q.6, explain the official process that now needs to be followed tofinalise the acquisition of each asset. This may include processes in your existing workplace orcommon industry standards and needs to provide:• details for detailed specifications,• legal contracts,• requirements and documentation applicable to different acquisition and financingmethods,• preparation of documentation for disposal of assets that are being replaced includingtax obligations.PART 1: Your assessor will be looking for:Before you hand in the Part 2 assessment tasks, use the checklist below to make sure you have completedall the activities and have included all relevant information.• Provided an overview of the business activities• Listed the purpose of the acquisition or replacement of the physical assets• Overview of specifications for each asset clearly outlined• Prices or quotes from different suppliers taken• Contacted a financial institution• Calculated the finance variants offered to you• Explained the official process that needs to be followed to finalise the acquisition of eachasset.Part 2. – Asset RegisterTask 11. Develop an asset register which lists the 3 assets determined in Part A. Your asset registerneeds to include the following details:• Asset Details• Asset description/model/type• Serial Numbers• Purchase date• Cost• Depreciation amount (from when you undertake this assessment to the end of thefinancial year). If you have no current value, then base this calculation on theapproximate price you have determined using the ATO guidelines.• Closing Written Down Values (at the End of financial year where you undertake thisassessment)2. Develop a maintenance register and identify the maintenance requirements for each assetaccordingly. For some assets that might be determined through lease clauses or serviceApex Institute of Education | SITXFIN005 Learner Assessment Pack V2.0_Aug ’19 | CRICOS: 03156M Page 18 of 24contract agreements. If so, include these including the details. For the remaining assets consultthe user manuals or manufacturer’s recommendations with consideration to frequency of userelevant to your organisation.For example if a post-mix machine or coffee machine is connected to water filter then thisneeds to be reflected in the maintenance requirements.PART 2: Your assessor will be looking for:Before you hand in the Part 2 assessment tasks, use the checklist below to make sure you havecompleted all the activities and have included all relevant information.• Developed an asset register which lists the 3 assets determined in Part 1.• Developed a maintenance register and identified the maintenance requirements for eachassetPart 3 – Resource management strategyContinuing from Part 1 and 2 complete the following:1. Develop a maintenance regime for each asset based on the maintenance requirements youhave determined in Part 2.2. The maintenance regime needs to include the following details and outline how each aspect isaffected and as a result addressed:a) Reporting and monitoring mechanisms to ensure assets are functioning effectively andissues are reported by using correct and suitable procedures including provisions forspecialist advice for complex issues.b) Provisions for collecting feedback from customers and reports from staff.c) Types of maintenance required including common routine maintenance based on theorganisation’s activities for example adjusting doors, fixing furniture, cleaning airconditioning filters in guest rooms, etc.d) Location of maintenance, e.g. can it be done off-site or away from heavily-trafficked areas?e) Expected duration of maintenance worksApex Institute of Education | SITXFIN005 Learner Assessment Pack V2.0_Aug ’19 | CRICOS: 03156M Page 19 of 24f) Timing of scheduled maintenance, e.g. slow periods such as during the day for a nightclub,or during the night in high frequency areas.g) Likely disruption to operations – what are the disruptions and what are the expectedimpacts?h) WHS issuesi) Legal and regulatory requirements which apply for the physical assets during the course ofthe financial year (for example for vehicles carrying passengers, electrical equipment or asrelevant to the specifc assets)j) Summary of cost impacts for human resources (for examples where maintenance would,e.g. require penalty rates for maintenance staff) or the costs where contractors areengaged for specific maintenance requirementsk) Costs of scheduled maintenance in terms of parts, required equipment to perform themaintenance and consumablesl) Provisions for monitoring of financial performance of the assets over the budget period.m) Occurrences based on the details outlined in the questions above which would inform toreview or audit the performance or viability of the assets.PART 3: Your assessor will be looking for:Before you hand in the Part 3 assessment tasks, use the checklist below to make sure you havecompleted all the tasks and have included all relevant information.• Developed a maintenance regime for each asset based on the maintenance requirements• The maintenance regime that includes the details mentioned and outlined how each aspectis affected and as a result addressedApex Institute of Education | SITXFIN005 Learner Assessment Pack V2.0_Aug ’19 | CRICOS: 03156M Page 20 of 24APPENDICESApex Institute of Education | SITXFIN005 Learner Assessment Pack V2.0_Aug ’19 | CRICOS: 03156M Page 21 of 24APPENDIX: 01CASE STUDY – NARA BUSINESS HOTELBackgroundThe Nara Business Hotel has been operating within the Sydney CBD as a boutique hotel for thepast 20 years. In this time the NBH has built a reputation as a high quality boutique hotel whichoffers residents a unique and flawless stay in one of their 100 rooms. The hotel was initiallyfounded by Greg Mathews who later sold the hotel to a group of investors who have given thehotels management to the Australian Hotel Management Group (AHMG). The AHMG isresponsible for all matters related to the operation of the hotel and are required to meet strictfinancial performance objectives. The AHMG must therefore budget all hotel expenses andregularly produce reports which are presented to the Hotel’s investors.MissionThe Nara Business Hotel’s mission is to consistently deliver an enjoyable and memorableaccommodation experience for travellers visiting the Sydney CBD in a business context.VisionThe Nara Business Hotel’s vision is to become an industry leader in boutique businessaccommodation.Growth ObjectivesThe Nara Business Hotel has been known for its boutique size. However, over the past 5 years thedemand for rooms in the NBH has been far greater than supply. As such, many residents are leftupset when they cannot get a booking. The investors wish to overcome this problem, and haveasked the AHMG to budget for the expansion of the hotel. Additionally, the investors wish toachieve a 50% growth in profits over the next 2 years.In order to achieve these growth objectives the AHMG has decided to expand the hotel byintroducing 50 new rooms. They believe that due to the high demand for rooms the full cost of theexpansion will be recovered within a year, making the expansion a viable business opportunity.Forecast Revenue Figures for 2019 and 2020 Number of RoomsRevenue Per RoomOccupancy Rate2019150$90,00067%2020150$90,00091% Note: the occupancy rate is lower in 2019 due to the time required to furnish the 50 new roomsearly in the year.Apex Institute of Education | SITXFIN005 Learner Assessment Pack V2.0_Aug ’19 | CRICOS: 03156M Page 22 of 24Organisation Finance Policy and ProceduresReporting PolicyThe Nara Business Hotel requires its financial managers to report deviations between the forecastedbudget and actual budget to the Hotel’s investors. The managers are only required to report upondeviations of 5% or greater.Financing PolicyThe Nara Business Hotel requires its financial managers to responsibly manage the cashflows of thehotel. If there is a need to raise cash for hotel operations or expansion the policy requires thefinancial management team uses short term loans from ANZ Bank. The loans are typically 1 yearlong and at an interest rate of 4% and the loan amounts are rounded to the nearest hundredthousand.Staffing PolicyThe Nara Business Hotel prioritises excellent customer service and as such the policy requiresemploying 1 staff member per 5 rooms. For example, if the hotel has 100 rooms, 20 staff memberswill need to be actively working within the hotel at any given time.Corporate Real Estate PolicyThe Nara Business Hotel policy requires that its real estate assets are rented and not bought. Thecurrent hotel building is rented at the rate of $3,000,000 per annum and which equates to $30,000per room per annum. The Hotel policy requires that any future real estate that is to be attained isnegotiated to the same rate of $30,000 per room per annum.Hotel Maintenance PolicyThe Nara Business Hotel policy requires that every year 10 existing rooms are completelyrefurnished. The cost of completely refurnishing a room is $20,000 as per the Hotel’s contractoragreements. This policy ensures that the hotel’s rooms are up-to-date and the décor is of lateststyle. Additional rooms may be refurnished based on management’s requirements, however aminimum of 10 old rooms must be refurnished annually.Australian Hotel Management Group AgreementAs per the agreement between the Nara Business Hotel and the Australian Hotel ManagementGroup, the AHMG is responsible for the Hotel’s management for a 40 year period at the rate of$1,000 per room per annum.Investor Returns PolicyThe Nara Business Hotel policy requires it’s financial managers to provide a fixed return of$2,000,000 to its investors per annum. Any additional income/cashflow will be reinvested into thebusiness in the next year.Apex Institute of Education | SITXFIN005 Learner Assessment Pack V2.0_Aug ’19 | CRICOS: 03156M Page 23 of 24APPENDIX: 01ANNUAL YEAR-END FINANCIAL PERFORMANCE REVIEW FORM NBH Annual Year-End Financial Performance Review FormName of Reviewer:Date:Year in Review:What was the profit for the year in review? Please provide a short description and justification.Was there any exceptional financial activity which has caused the year in review’s financialperformance to be different from previous years?Were there any deviations greater than 5% in the year in review from the budget?Has the year in review met it’s investor return requirements of $2,000,000? If not, pleaseexplain.Signature of Reviewer: Apex Institute of Education | SITXFIN005 Learner Assessment Pack V2.0_Aug ’19 | CRICOS: 03156M Page 24 of 24APPENDIX: 03INTERNAL MEMO TEMPLATE Nara Business Hotel – Internal MemoName:Date:Department:Memo Subject:Notes:
