BUSHkids 2017-18 Annual Report

Financial

STATEMENT BY THE COUNCIL

The attached special purpose financial statements of Royal Queensland Bush Children’s Health Scheme for year ended 30 June 2018 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 2018 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 OAM

A J McLean

Chairman

Honorary Treasurer

Dated at Brisbane this 12th day of September, 2018

OPERATING STATEMENT FOR THE YEAR ENDED 30 JUNE 2018

2018

2017

Notes

345,915

Operating Surplus (Loss) before Income Tax

(88,176)

2

–

Income Tax Expense

–

345,915

Operating Surplus (Loss) after Income Tax

(88,176)

15,625,155 15,971,070

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

15,713,331 15,625,155

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

ASSETS AND LIABILITIES AS AT 30 JUNE 2018

2018

2017

Notes

38

CURRENT ASSETS

$

$

4,651,073

Cash

3,912,716

10(a)

193,084 31,995

Receivables Prepayments Investments

194,574 30,658

3

10,219,623 15,095,775

8,660,282 12,798,230

4

TOTAL CURRENT ASSETS

NON-CURRENT ASSETS Property, Plant, Equipment and Vehicles

4,657,350 4,657,350 19,753,125

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

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

363,579

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

1,593,402

252,975

2,209,956

25,671 25,671

TOTAL LIABILITIES

2,235,627 17,517,498

NET ASSETS

16,769,081

ACCUMULATED FUNDS Retained Surplus Asset Revaluation Reserve TOTAL ACCUMULATED FUNDS

15,971,071 1,546,427 17,517,498

15,625,155 1,143,926

6

16,769,081

The accompanying notes form part of these financial statements.