BUSHkids 2016-17 Annual Report

NOTES

2017

2016

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 2017.

8 – REMUNERATION OF AUDITORS Auditing the Financial Statements

4,500

4,750

9 – CONTINGENT ASSETS & LIABILITIES Nothing has occurred since 30 June 2017 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

1,145

950

30,639

Cash at Bank – Current Account

22,629

3,880,932

– Short Term Call

4,272,501

3,912,716

4,296,080

b) Reconciliation of Operating Surplus (Loss) after Income Tax to Net Cash used by Operating Activities Operating Surplus

(88,176) 172,488

848,791 188,240

Depreciation

43,989

Employee Entitlements

5,955

(416,040)

Profit (Loss) on Sale of Property, Plant & Equipment and Investments

(330,587)

Changes in Assets and Liabilities Decrease (increase) in prepayments Decrease (increase) in receivables

14,077

(11,558) 105,594 (75,388) 42,914 773,961

(28,132) 267,391 153,781 119,378

Increase (decrease) in creditors and accrued expenses Increase (decrease) in Grants received in advance

Net cash used in operating activities

11 – CAPITAL EXPENDITURE COMMITMENTS There are no major capital expenditure commitments at 30 June 2017. 12 – SUBSEQUENT EVENTS Nothing has occurred since 30 June 2017 which would have a material effect on these financial statements.

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