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SIGNED
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
A J McLean
Chairman
Honorary Treasurer
Dated at Brisbane this 16th day of September, 2016
OPERATING STATEMENT FOR THE YEAR ENDED 30 JUNE 2016
Notes
2016
2015
Operating Surplus (Loss) before Income Tax
2
848,791
53,566
Income Tax Expense
–
–
Operating Surplus (Loss) after Income Tax
848,791
53,566
Retained Surplus at the beginning of financial year
14,864,540
14,810.974
Retained Surplus at the end of the financial year
15,713,331
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
Notes
2016
2015
CURRENT ASSETS
$
$
Cash
10(a)
4,296,081
3,296,297
Receivables
3
166,442
272,036
Prepayments
44,735
33,177
Investments
4
7,714,560
8,609,390
TOTAL CURRENT ASSETS
12,221,818
12,210,900
NON-CURRENT ASSETS
Property, Plant, Equipment and Vehicles
5
4,754,633
4,816,791
TOTAL NON-CURRENT ASSETS
4,754,633
4,816,791
TOTAL ASSETS
16,976,451
17,027,691
CURRENT LIABILITIES
Creditors and Accrued Expenses
60,794
136,182
Grants Received in Advance
81,965
39,051
Provision for Employee Entitlements
186,046
169,733
TOTAL CURRENT LIABILITIES
328,805
344,966
NON-CURRENT LIABILITIES
Provision for Employee Entitlements
11,217
21,575
TOTAL NON-CURRENT LIABILITIES
11,217
21,575
TOTAL LIABILITIES
340,022
366,541
NET ASSETS
16,636,429
16,661,150
ACCUMULATED FUNDS
Retained Surplus
15,713,331
14,864,540
Asset Revaluation Reserve
6
923,098
1,796,610
TOTAL ACCUMULATED FUNDS
16,636,429
16,661,150
The accompanying notes form part of these financial statements.
STATEMENT BY THE COUNCIL