BUSHkids Annual Report 2015-16

SIGNED

STATEMENT BY THE COUNCIL

The attached special purpose financial statements of Royal Queensland Bush Children’s Health Scheme for year ended 30 June 2016 are, in our opinion, properly drawn up so as to present fairly the financial position of the Royal Queensland Bush Children’s Health Scheme as at 30 June 2016 and the result of its operations for the year then ended and are in accordance with the provisions of the constitution. Signed in accordance with resolution of the Council.

N J Bartels Chairman

A J McLean

Honorary Treasurer

Dated at Brisbane this 16th day of September, 2016

OPERATING STATEMENT FOR THE YEAR ENDED 30 JUNE 2016

2016

2015

Notes

848,791

Operating Surplus (Loss) before Income Tax

53,566

2

–

Income Tax Expense

–

848,791

Operating Surplus (Loss) after Income Tax

53,566

14,864,540 15,713,331

Retained Surplus at the beginning of financial year Retained Surplus at the end of the financial year

14,810.974 14,864.540

The above Operating Statement is to be read in conjunction with the attached Notes.

ASSETS AND LIABILITIES AS AT 30 JUNE 2016

2016

2015

Notes

CURRENT ASSETS

$

$

4,296,081

Cash

3,296,297

10(a)

166,442 44,735

Receivables Prepayments Investments

272,036 33,177

3

7,714,560 12,221,818

8,609,390 12,210,900

4

TOTAL CURRENT ASSETS

NON-CURRENT ASSETS Property, Plant, Equipment and Vehicles

4,754,633 4,754,633 16,976,451

4,816,791 4,816,791 17,027,691

5

TOTAL NON-CURRENT ASSETS

TOTAL ASSETS

CURRENT LIABILITIES Creditors and Accrued Expenses Grants Received in Advance Provision for Employee Entitlements NON-CURRENT LIABILITIES Provision for Employee Entitlements TOTAL NON-CURRENT LIABILITIES TOTAL CURRENT LIABILITIES

60,794 81,965 186,046 328,805 11,217 11,217 340,022

136,182 39,051 169,733 344,966 21,575 21,575 366,541

TOTAL LIABILITIES

NET ASSETS

16,636,429

16,661,150

ACCUMULATED FUNDS Retained Surplus Asset Revaluation Reserve TOTAL ACCUMULATED FUNDS

15,713,331

14,864,540 1,796,610

923,098

6

16,636,429

16,661,150

The accompanying notes form part of these financial statements.

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