26
The attached special purpose financial statements of Royal Queensland Bush Children’s Health Scheme for year ended 30 June 2012
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 2012 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 30th day of August, 2012
OPERATING STATEMENT FOR THE YEAR ENDED 30 JUNE 2012
Notes
2012
2011
Operating Surplus (Loss) before Income Tax
2
(227,118)
29,102
Income Tax Expense
-
–
Operating Surplus (Loss) after Income Tax
(227,118)
29,102
Retained Surplus at the beginning of financial year
15,132,672
15,103,570
Adjustment for accounting treatment of Fixed Assets
–
–
Retained Surplus at the end of the financial year
14,905,554
15,132,672
The above Operating Statement is to be read in conjunction with the attached Notes.
ASSETS AND LIABILITIES AS AT 30 JUNE 2012
Notes
2012
2011
CURRENT ASSETS
$
$
Cash
10(
a)
5,669,713
6,520,269
Receivables
3
208,642
222,245
Prepayments
44,668
29,546
Investments
4
5,452,303
5,259,931
TOTAL CURRENT ASSETS
11,375,326
12,031,991
NON-CURRENT ASSETS
Property, Plant, Equipment and Vehicles
5
4,332,112
4,258,280
TOTAL NON-CURRENT ASSETS
4,332,112
4,258,280
TOTAL ASSETS
15,707,438
16,290,271
CURRENT LIABILITIES
Creditors and Accrued Expenses
64,484
55,121
Grants Received in Advance
35,946
35,049
Provision for Employee Entitlements
133,544
137,184
Write Down of Investment
-
100,000
TOTAL CURRENT LIABILITIES
233,974
327,354
NON-CURRENT LIABILITIES
Provision for Employee Entitlements
15,283
5,241
TOTAL NON-CURRENT LIABILITIES
15,283
5,241
TOTAL LIABILITIES
249,257
332,595
NET ASSETS
15,458,181
15,957,676
ACCUMULATED FUNDS
Retained Surplus
14,905,554
15,132,672
Asset Revaluation Reserve
6
552,627
825,004
TOTAL ACCUMULATED FUNDS
15,458,181
15,957,676
The accompanying notes form part of these financial statements.
STATEMENT BY THE COUNCIL