BUSHkids Annual Report 2018-2019

NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2019

2019

2018

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

1,103,401

515,514 113,421 197,843

124,983 21,987

Interest

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

(ii) Charging as Expense Depreciation

293,406 90,973

226,689 37,394

Provision for employee entitlements

3 – RECEIVABLES Interest Receivable

59,460 359,614 419,074

35,715 157,369 193,084

Sundry Debtors

4 – INVESTMENTS Shares - at Market Value

8,749,455 1,455,903

8,625,413 1,594,210

Interest Bearing Securities - at Market Value

1

Investment in Perpetuity

1

10,205,359

10,219,624

5 – PROPERTY, PLANT, EQUIPMENT AND VEHICLES Land at cost Land at Council's Valuation (ie SVS values) - 30.06.2019

64

—

—

2,877,500 2,550,390 1,112,403 1,437,987 1,166,688

2,776,500 2,761,294 1,135,707 1,625,587 1,209,943

Buildings at Cost

Less Accumulated Depreciation and Amortisation

Plant and Equipment at cost Less Accumulated Depreciation

931,755 234,933 20,605 20,605 207,175 116,409 90,766 —

994,437 215,506

Intangible Assets at cost

4,347

Less Accumulated Amortisation

—

4,347

Motor Vehicles at cost

210,313 174,903 35,410

Less Accumulated Depreciation

4,661,791

4,657,350

6 – ASSET REVALUATION RESERVE Balance at 1 July 2018

1,546,427 (376,686)

1,143,925 (17,067)

Add Revaluation of Investments sold during year

235,000 386,027

Add Revaluation of Land during year

—

Add Revaluation of Investments at 30 June 2019

419,569

1,790,768

Balance at 30 June 2019

1,546,427

A N N UA L R E P O R T

2 0 1 8 – 2 0 1 9