29
2012
2011
2 –
OPERATING SURPLUS
Operating Surplus (Loss) before Income Tax has been determined after:
(
i) Crediting as Revenue
Dividends
405,599
506,985
Interest
394,801
416,466
Net gain (loss) on disposal of other non-current assets
3,676
(12,794)
(
ii) Charging as Expense
Depreciation
190,276
171,900
Provision for employee entitlements
6,402
27,337
3 –
RECEIVABLES
Interest Receivable
97,941
66,014
Sundry Debtors
110,701
156,231
208,642
222,245
4 –
INVESTMENTS
Shares - at Market Value
4,890,917
5,242,330
Interest Bearing Securities - at Market Value
561,385
17,600
Investment in Perpetuity
1
1
5,452,303
5,259,931
5 –
PROPERTY, PLANT, EQUIPMENT AND VEHICLES
Land at cost
–
–
Land at Council’s valuation (ie VG values) – 30.06.12
2,631,500
2,606,500
2,631,500
2,606,500
Buildings at Cost
2,131,121
2,131,121
Disposals at cost
–
–
2,131,121
2,131,121
Less Accumulated Depreciation and Amortisation
805,954
750,739
1,325,167
1,380,382
Plant and Equipment at cost
1,033,365
943,206
Less Accumulated Depreciation
787,468
718,855
245,897
224,351
Motor Vehicles at cost
176,094
200,996
Less Accumulated Depreciation
46,546
153,949
129,548
47,047
4,332,112
4,258,280
6 –
ASSET REVALUATION RESERVE
Balance at 1 July 2011
825,004
39,434
Add Revaluation of Investments sold during year
66,212
(76,764)
Add Revaluation of Land during year
25,000
368,000
Add Revaluation of Investments at 30 June 2012
(363,589)
494,334
Balance at 30 June 2012
552,627
825,004
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 2012.
NOTES TOAND FORMING PART OF THE ACCOUNTS FOR THEYEAR ENDED 30 JUNE 2012