BUSHkids Annual Report 2018-2019

STATEMENT BY THE COUNCIL

The attached special purpose financial statements of Royal Queensland Bush Children’s Health Scheme for year ended 30 June 2019 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 2019 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 5th day of September, 2019

OPERATING STATEMENT FOR THE YEAR ENDED 30 JUNE 2019

2019

2018

Notes

843,972

Operating Surplus (Loss) before Income Tax

345,915

2

–

Income Tax Expense

–

843,972

Operating Surplus (Loss) after Income Tax

345,915

15,971,071 16,815,043

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

15,625,156 15,971,071

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

ASSETS AND LIABILITIES AS AT 30 JUNE 2019

2019

2018

Notes

CURRENT ASSETS

$

$

5,639,820

Cash

4,651,073

10(a)

419,074 65,272 111,371

61

Receivables Prepayments

193,084 31,995

3

Inventory

—

10,205,359 16,440,896

Investments

10,219,623 15,095,775

4

TOTAL CURRENT ASSETS

NON-CURRENT ASSETS Property, Plant, Equipment and Vehicles

4,661,791 4,661,791 21,102,687

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

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

458,306

363,579

1,668,951

1,593,402

358,669

252,975

2,485,926

2,209,956

10,950 10,950

25,671 25,671

TOTAL LIABILITIES

2,496,876 18,605,811

2,235,627 17,517,498

NET ASSETS

ACCUMULATED FUNDS Retained Surplus Asset Revaluation Reserve TOTAL ACCUMULATED FUNDS

16,815,043 1,790,768 18,605,811

15,971,071 1,546,427

6

17,517,498

The accompanying notes form part of these financial statements.

A N N UA L R E P O R T

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