LITTLE SHIP CLUB (Qld) 2016-17 ANNUAL REPORT

Statement of Financial Position as at 30 June 2016

Page 9 of 24

Little Ship Club Queensland Squadron Statement of Cash Flows For the year ended 30 June 2017 Note 2016 $

2015

$

Assets Current Assets Cash assets

2017

2016

$

$

3

279,124

256,759 51,533 41,795 15,096 365,183

Receivables

117

Cash Flow From Operating Activities Receipts from customers Inventories Other

4

27,961 17,760

1,148,273 (1,105,736)

1,033,527 (1,012,065)

Payments to Suppliers and employees Total Current Assets

324,962

Interest received

2,595

3,110

Net cash provided by (used in) operating activities (note 2) Non-Current Assets Property, plant and equipment Cash Flow From Financing Activities Proceeds of funded insurance premium Total Non-Current Assets Total Assets (Increase) decrease)in property, plant and equipment Net cash provided by (used in) financing activities Liabilities Current Liabilities Payables

24,572 2,127,102 2,127,102

45,132

5

2,088,630 2,088,630

2,413,592

699 2,492,285

(467)

(10,795) (11,262)

(2,906) (2,207)

21,133 13,634

19,954 12,935 19,704

Net increase (decrease) in cash held Funded Premium

33,870

22,365

Current tax liabilities

9,079 6,635

Cash at the beginning of the year Cash at the end of the year (note 1) Super Liability Total Current Liabilities

279,124 312,994

256,759 279,124

5,735

50,481

58,328

Non-Current Liabilities Security Token Deposits

24,506 24,506 74,987

21,612 21,612 79,940

Total Non-Current Liabilities

Total Liabilities

Net Assets

2,338,605

2,412,345

Equity

Reserves

1,420,461

1,420,461

Retained profits / (Accumulated losses)

918,144

991,884

Total Equity

2,338,605

2,412,345

The accompanying notes form part of these financial statements.

The accompanying notes form part of these financial statements.

Little Ship Club (Queensland Squadron)

Annual Report 2016–2017

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