BUSHkids 2016-17 Annual Report

NOTES

NOTES

NOTES TOAND FORMING PART OF THE ACCOUNTS FOR THEYEAR ENDED 30 JUNE 2017

2017

2016

2 – OPERATING SURPLUS Operating Surplus (Loss) before Income Tax has been determined after: (i) Crediting as Revenue Dividends

504,731 104,024 416,040

447,091 110,045 330,587

Interest

Net gain (loss) on disposal of other non-current assets

(ii) Charging as Expense Depreciation

172,488 43,989

188,240

Provision for employee entitlements

5,955

3 – RECEIVABLES Interest Receivable

26,624 167,950 194,574

30,323 136,119 166,442

Sundry Debtors

4 – INVESTMENTS Shares - at Market Value

7,134,423 1,525,859

6,492,326 1,222,234

Interest Bearing Securities - at Market Value

1

Investment in Perpetuity

1

8,660,283

7,714,561

5 – PROPERTY, PLANT, EQUIPMENT AND VEHICLES Land at cost Land at Council's Valuation (ie SVS values) - 30.06.2017

–

–

2,776,500

2,681,500

2,761,294

Buildings at Cost Disposals at cost

2,759,217

–

–

Less Accumulated Depreciation and Amortisation

1,067,988

997,448

1,693,306 1,067,632

1,761,769 1,012,547

Plant and Equipment at cost Less Accumulated Depreciation

926,044 141,588 115,307 115,307 210,313 160,979 49,334 –

855,961 156,586 86,522 86,522 208,763 140,507 68,256 –

Intangible Assets at cost

Less Accumulated Amortisation

Motor Vehicles at cost

Less Accumulated Depreciation

4,776,035

4,754,633

6 – ASSET REVALUATION RESERVE Balance at 1 July 2016

923,097 (405,427) 95,000 531,255 1,143,925

1,796,610 (442,739) (85,000) (345,773)

Add Revaluation of Investments sold during year

Add Revaluation of Land during year

Add Revaluation of Investments at 30 June 2017

Balance at 30 June 2017

923,098

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