BUSHkids Annual Report 2015-16

NOTES

NOTES TOAND FORMING PART OF THE ACCOUNTS FOR THEYEAR ENDED 30 JUNE 2016

2016

2015

2 – OPERATING SURPLUS Operating Surplus (Loss) before Income Tax has been determined after: (i) Crediting as Revenue Dividends

447,091 110,045 330,587

525,730 118,786 405,371

Interest

Net gain (loss) on disposal of other non-current assets

(ii) Charging as Expense Depreciation

188,240

158,260 62,163

5,955

Provision for employee entitlements

3 – RECEIVABLES Interest Receivable

30,323 136,119 166,442

47,172 224,864 272,036

Sundry Debtors

4 – INVESTMENTS Shares - at Market Value

6,492,326 1,222,234

7,365,259 1,244,130

Interest Bearing Securities - at Market Value

1

Investment in Perpetuity

1

7,714,561

8,609,390

5 – PROPERTY, PLANT, EQUIPMENT AND VEHICLES Land at cost Land at Council’s valuation (ie SVS values) at 30 June 2016

–

–

2,681,500

2,766,500

2,759,217

Buildings at Cost Disposals at cost

2,667,389

–

–

Less Accumulated Depreciation and Amortisation

997,448

924,083

1,761,769 1,012,547

1,743,307

Plant and Equipment at cost Less Accumulated Depreciation

949,588 769,416 180,173 53,703 53,703 204,993 131,885 73,108 –

855,961 156,586 86,522 86,522 208,763 140,507 68,256 –

Intangible Assets at cost

Less Accumulated Amortisation

Motor Vehicles at cost

Less Accumulated Depreciation

4,754,633

4,816,791

6 – ASSET REVALUATION RESERVE Balance at 1 July 2015

1,796,610 (442,739) (85,000) (345,773)

2,060,315 (427,866) (65,000)

Add Revaluation of Investments sold during year

Add Revaluation of Land during year

Add Revaluation of Investments at 30 June 2016

229,160

923,098

Balance at 30 June 2016

1,796,610

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