42 / 48
42
42
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
Cash at Bank – Current Account
22,629
61,936
– Short Term Call
4,272,501
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
53,566
Depreciation
188,240
158,260
Employee Entitlements
5,955
62,163
Profit (Loss) on Sale of Property, Plant & Equipment and Investments
(330,587)
(405,371)
Changes in Assets and Liabilities
Decrease (increase) in prepayments
(11,558)
13,478
Decrease (increase) in receivables
105,594
(85,103)
Increase (decrease) in creditors and accrued expenses
(75,388)
42,616
Increase (decrease) in Grants received in advance
42,914
(160,689)
Net cash used in operating activities
773,961
(321,079)
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.