BUSHkids Annual Report 2011-2012

NOTES TOAND FORMING PART OF THE ACCOUNTS FOR THEYEAR ENDED 30 JUNE 2012

2012

2011

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

405,599 394,801

506,985 416,466 (12,794)

Interest

3,676

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

( ii) Charging as Expense Depreciation

190,276

171,900 27,337

6,402

Provision for employee entitlements

3 – RECEIVABLES Interest Receivable

97,941 110,701 208,642

66,014 156,231 222,245

Sundry Debtors

4 – INVESTMENTS Shares - at Market Value

4,890,917

5,242,330

561,385

Interest Bearing Securities - at Market Value

17,600

1

Investment in Perpetuity

1

5,452,303

5,259,931

5 – PROPERTY, PLANT, EQUIPMENT AND VEHICLES Land at cost Land at Council’s valuation (ie VG values) – 30.06.12

–

–

2,631,500 2,631,500 2,131,121

2,606,500 2,606,500 2,131,121

Buildings at Cost Disposals at cost

–

–

2,131,121

2,131,121

805,954

Less Accumulated Depreciation and Amortisation

750,739

1,325,167

1,380,382

1,033,365

Plant and Equipment at cost Less Accumulated Depreciation

943,206 718,855 224,351 200,996 153,949 47,047

787,468 245,897 176,094 46,546 129,548

Motor Vehicles at cost

Less Accumulated Depreciation

4,332,112

4,258,280

6 – ASSET REVALUATION RESERVE Balance at 1 July 2011

825,004 66,212 25,000 (363,589) 552,627

39,434

Add Revaluation of Investments sold during year

(76,764) 368,000 494,334 825,004

Add Revaluation of Land during year

Add Revaluation of Investments at 30 June 2012

Balance at 30 June 2012

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 2012.

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