BUSHkids Annual Report 2011-2012

STATEMENT BY THE COUNCIL

The attached special purpose financial statements of Royal Queensland Bush Children’s Health Scheme for year ended 30 June 2012 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 2012 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 30th day of August, 2012

OPERATING STATEMENT FOR THE YEAR ENDED 30 JUNE 2012

2012

2011

Notes

(227,118)

Operating Surplus (Loss) before Income Tax

29,102

2

-

Income Tax Expense

–

(227,118) 15,132,672

Operating Surplus (Loss) after Income Tax

29,102

Retained Surplus at the beginning of financial year Adjustment for accounting treatment of Fixed Assets

15,103,570

–

–

14,905,554

Retained Surplus at the end of the financial year

15,132,672

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

ASSETS AND LIABILITIES AS AT 30 JUNE 2012

2012

2011

Notes

CURRENT ASSETS

$

$

5,669,713

Cash

6,520,269

10( a)

208,642 44,668

Receivables Prepayments Investments

222,245 29,546

3

5,452,303 11,375,326

5,259,931 12,031,991

4

TOTAL CURRENT ASSETS

NON-CURRENT ASSETS Property, Plant, Equipment and Vehicles

4,332,112 4,332,112

4,258,280 4,258,280

5

TOTAL NON-CURRENT ASSETS

TOTAL ASSETS

15,707,438

16,290,271

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

64,484 35,946 133,544

55,121 35,049 137,184 100,000 327,354

-

Write Down of Investment TOTAL CURRENT LIABILITIES

233,974

NON-CURRENT LIABILITIES Provision for Employee Entitlements TOTAL NON-CURRENT LIABILITIES

15,283 15,283 249,257

5,241 5,241

TOTAL LIABILITIES

332,595

NET ASSETS

15,458,181

15,957,676

ACCUMULATED FUNDS Retained Surplus Asset Revaluation Reserve

14,905,554

15,132,672

552,627

825,004

6

TOTAL ACCUMULATED FUNDS

15,458,181

15,957,676

The accompanying notes form part of these financial statements.

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