BUSHkids 2017-18 Annual Report

Financial

2018

2017

7 – REMUNERATION OF COUNCILLORS No Councillor of Royal Queensland Bush Children’s Health Scheme received or is due to receive any remuneration for the year ended 30 June 2018.

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8 – REMUNERATION OF AUDITORS Auditing the Financial Statements

4,600

4,500

9 – CONTINGENT ASSETS & LIABILITIES There were no contingent assets or liabilities as at 30 June 2018.

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10 – STATEMENT OF CASHFLOWS a) Reconciliation of Cash

For the purposes of the Statement of Cash Flows, cash includes cash on hand and in banks and investments in money market instruments, net of outstanding bank overdrafts. Cash at the end of the financial year as shown in the Statement of Cash Flows is reconciled to the related items in the balance sheet as follows: Cash on Hand

2,470

1,145

80,362

Cash at Bank – Current Account

30,639

4,568,241 4,651,073

– Short Term Call

3,880,932 3,912,716

b) Reconciliation of Operating Surplus (Loss) after Income Tax to Net Cash used by Operating Activities Operating Surplus

42

345,915 226,689 37,394 (197,843)

(88,176) 172,488

Depreciation

Employee Entitlements

43,989

Profit (Loss) on Sale of Property, Plant & Equipment and Investments

(416,040)

Changes in Assets and Liabilities Decrease (increase) in prepayments Decrease (increase) in receivables

(1,337)

14,077

1,489

(28,132) 267,391 153,781 119,378

35,394

Increase (decrease) in creditors and accrued expenses Increase (decrease) in Grants received in advance

1,357,656 1,805,357

Net cash used in operating activities

11 – CAPITAL EXPENDITURE COMMITMENTS There are no major capital expenditure commitments at 30 June 2018. 12 – SUBSEQUENT EVENTS Nothing has occurred since 30 June 2018 which would have a material effect on these financial statements.

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