BUSHkids 2016-17 Annual Report

STMTS

STATEMENT BY THE COUNCIL

The attached special purpose financial statements of Royal Queensland Bush Children’s Health Scheme for year ended 30 June 2017 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 2017 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 Chairman

A J McLean

Honorary Treasurer

Dated at Brisbane this 7th day of September, 2017

OPERATING STATEMENT FOR THE YEAR ENDED 30 JUNE 2016

2017

2016

Notes

(88,176)

Operating Surplus (Loss) before Income Tax

848,791

2

–

Income Tax Expense

–

(88,176)

Operating Surplus (Loss) after Income Tax

848,791

15,713,331 15,625,155

Retained Surplus at the beginning of financial year Retained Surplus at the end of the financial year

14,864,540 15,713,331

The above Operating Statement is to be read in conjunction with the attached Notes.

ASSETS AND LIABILITIES AS AT 30 JUNE 2016

2017

2016

Notes

CURRENT ASSETS

$

$

3,912,716

Cash

4,296,081

10(a)

194,574 30,658

Receivables Prepayments Investments

166,442 44,735

3

8,660,282 12,798,230

7,714,560 12,221,818

4

TOTAL CURRENT ASSETS

NON-CURRENT ASSETS Property, Plant, Equipment and Vehicles

4,776,035 4,776,035 17,574,265

4,754,633 4,754,633 16,976,451

5

TOTAL NON-CURRENT ASSETS

TOTAL ASSETS

CURRENT LIABILITIES Creditors and Accrued Expenses Grants Received in Advance Provision for Employee Entitlements NON-CURRENT LIABILITIES Provision for Employee Entitlements TOTAL NON-CURRENT LIABILITIES TOTAL CURRENT LIABILITIES

328,185 235,746 206,803 770,734 34,450 34,450 805,184

60,794 81,965 186,046 328,805 11,217 11,217 340,022

TOTAL LIABILITIES

NET ASSETS

16,769,081

16,636,429

ACCUMULATED FUNDS Retained Surplus Asset Revaluation Reserve TOTAL ACCUMULATED FUNDS

15,625,155 1,143,926 16,769,081

15,713,331

923,098

6

16,636,429

The accompanying notes form part of these financial statements.

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