LITTLE SHIP CLUB (Qld) 2016-17 ANNUAL REPORT

Statement of Profit or Loss and Other Comprehensive Income For the year ended 30 June 2016 Little Ship Club Queensland Squadron Statement of Financial Position as at 30 June 2017 Little Ship Club Queensland Squadron Statement of Financial Position as at 30 June 2017

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Note

2017

2016

Note

2016

2015

$

$

$

$

Note

2017

2016

$

$

Revenue Assets Current Assets Cash assets Otherrevenue Assets Current Assets Cash as ets Receivables Inventories Cost of sales Gross profit Other Receivables

2

893,613

999,991

2

91,608

205,355

3

312,994

279,124

(3)

117

(425,758) 559,463 (3)

(462,086) 743,260 117

3 4

312,994 37,411 22,209 372,611 37,411 22,209 372,611

279,1 4 27,961 17,760 324,962 27,961 17,760 324,962

Marketing Inventories Other Total Current Assets

4

(7,214)

(9,128)

Selling expenses Total Current Assets Non-Current As ets Property, plant and equipment Total Non-Current Assets Administration expenses Non-Current Assets Property, plant and equipment Total Non-Current Assets Assets Employment expenses

(2,146)

(36,222)

5

2,059,554 2,059,554 2,059,554 432 165 2,059,554

2,088,630 2,088,630 2,088,630 413 592 2,088,630

(249,524)

(303,576)

5

(367,199)

(347,073)

FundingCosts Total Assets Liabilities Current Liabilities Payables Section Expenses Liabilities Current Liabilities Payables Funded Premium Current tax liabilities

(1,175)

(1,255)

2,432,165

2,413,592

(3,039)

(27,848)

16,707 13,167 21,994 13,167 21,994 6,035 57,965 6,035 57,965 25,907 25,907 25,907 25,907 83,872 16,707

21,133 13,634 13,634 9,079 6,635 9,079 6,635 50,481 24,506 24,506 24,506 24,506 7 ,987 21,133 50,4

Profit (deficit) before income tax

(70,834)

18,160

Income tax (credit) expense Profit (deficit) for the year Funded Premium Current tax liabilities Super Liability Total Current Liabilities Super Liability Total Current Liabilities Non-Current Liabilities Security Token Deposits

-

-

(70,834)

18,160

Other comprehensive income: Items that will not be reclassified to profit or loss: Items that will be reclassified subsequently to profit or loss when specific conditions are met: Total other comprehensive income for the year, net of tax Non-Current Liabilities Security Token Deposits Total Non-Current Liabilities Total Non-Current Liabilities t l Liabilities

-

-

Total Liabilities Net Assets

83,872 2,348,293

74,987 2,338,605

Total comprehensive income for the year

(70,834)

18,160

Net Assets

2,348,293

2,338,605

Equity Equity

Reserves

1,420,461 927,832 2,348,293 927,832 2,348,293 1,420,461

1,420,461 918,144 2,338,605 918,144 2,338,605 1,420,461

Retained profits / (Accumulated losses)

Reserves Total Equity

Retained profits / (Accumulated losses)

Total Equity

The accompanying notes form part of these financial statements. The accompanying notes form part of these financial statements.

The accompanying notes form part of these financial statements.

Little Ship Club (Queensland Squadron)

Annual Report 2016–2017

FS.7