2011 Annual Report - Cronulla Golf Club
2011 Annual Report - Cronulla Golf Club
2011 Annual Report - Cronulla Golf Club
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15 Capital Hire Purchase (HP) and Leasing Commitments<br />
<strong>2011</strong> 2010<br />
$ $<br />
Finance HP/Lease Commitments<br />
Payable:<br />
Not later than one year 75,764 31,488<br />
Later than one year but not later than two years 61,957 6,953<br />
Later than two years but not later than five years 77,447 –<br />
Minimum lease payments 215,168 38,441<br />
Less future finance charges (24,608) (2,235)<br />
Total HP/lease liability 190,560 36,206<br />
Capital Expenditure Commitments<br />
Contracted for:<br />
Installation of internal lift 59,750 –<br />
16 Key Management Personnel<br />
Remuneration of Directors and Key Management<br />
Short-term employee benefits<br />
Salaries 214,101 177,397<br />
Post-employment benefits<br />
Superannuation 19,249 54,132<br />
Total compensation 233,350 231,529<br />
17 Related Party Transactions<br />
The company considers there were no related party transactions during the year.<br />
18 Cash Flow Information<br />
a) Reconciliation of cash<br />
Cash at the end of the financial year as shown in the<br />
statement of cash flows is reconciled to the related<br />
items in the balance sheet as follows:<br />
Cash on Hand 14,000 14,000<br />
Cash on Deposit 500 166<br />
Cash at Bank 635,226 206,877<br />
649,726 221,043<br />
CRONULLA GOLF CLUB LIMITED ABN 41 000 059 478 | 31
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