BUSHkids 2017-18 Annual Report

NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2018

2018

2017

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

515,514 113,421 197,843

504,731 104,024 416,040

Interest

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

(ii) Charging as Expense Depreciation

226,689 37,394

172,488 43,989

Provision for employee entitlements

3 – RECEIVABLES Interest Receivable

35,715 157,368 193,084

26,624 167,950 194,574

Sundry Debtors

4 – INVESTMENTS Shares - at Market Value

8,625,413 1,594,210

7,134,423 1,525,859

Interest Bearing Securities - at Market Value

1

Investment in Perpetuity

1

10,219,624

8,660,283

5 – PROPERTY, PLANT, EQUIPMENT AND VEHICLES Land at cost Land at Council's Valuation (ie SVS values) - 30.06.2018

—

—

2,776,500 2,761,294

2,776,500 2,761,294

Buildings at Cost Disposals at cost

41

—

—

Less Accumulated Depreciation and Amortisation

1,135,707 1,625,587 1,209,943

1,067,988 1,693,306 1,067,632

Plant and Equipment at cost Less Accumulated Depreciation

994,437 215,506

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

4,347

Intangible Assets at cost

—

Less Accumulated Amortisation

4,347

210,313 174,903 35,410

Motor Vehicles at cost

Less Accumulated Depreciation

4,657,350

4,776,035

6 – ASSET REVALUATION RESERVE Balance at 1 July 2017

1,143,925 (17,067)

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

Add Revaluation of Investments sold during year

—

Add Revaluation of Land during year

419,569

Add Revaluation of Investments at 30 June 2018

1,546,427

Balance at 30 June 2018