What are GPWAR?
General Purpose Water Accounting Reports (GPWAR) are reports in a consistent format as defined in the Australian Water Reporting Standards (AWAS). GPWAR include the following components: • Statement of Water Assets and Water Liabilities • Statement of Changes in Water Assets and Water Liabilities • Statement of Physical Water Flows • Contextual Statement • Accountability Statement • Assurance Statement. GPWAR are prepared on both a physical flow and accrual basis. The physical flow report (Statement of Physical Water Flows) reports the flows that have actually occurred over the reporting period. In contrast, the accrual reports (Statement of Water Assets and Water Liabilities, Statement of Changes in Water Assets and Water Liabilities) adjust for future outflows or inflows currently attributable to the entity. For example, when an allocation announcement is made, the water-reporting entity recognises the volume of water allocation as an outflow at the announcement date. This obligation
