BUSHkids Annual Report 2015-16

NOTES

2016

2015

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 2016.

8 – REMUNERATION OF AUDITORS Auditing the Financial Statements

4,750

4,500

9 – CONTINGENT ASSETS & LIABILITIES Nothing has occurred since 30 June 2016 which would have a material effect on these financial statements.

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

950

850

22,629

Cash at Bank – Current Account

61,936

4,272,501

– Short Term Call

3,233,511

4,296,080

3,296,297

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

848,791 188,240

53,566 158,260 62,163 (405,371)

Depreciation

5,955

Employee Entitlements

(330,587)

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

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

(11,558) 105,594 (75,388) 42,914 773,961

13,478

(85,103)

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

42,616

(160,689) (321,079)

Net cash used in operating activities

11 – CAPITAL EXPENDITURE COMMITMENTS There are no major capital expenditure commitments at 30 June 2016. 12 – SUBSEQUENT EVENTS Nothing has occurred since 30 June 2016 which would have a material effect on these financial statements.

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