2011 Annual Report - Cronulla Golf Club
2011 Annual Report - Cronulla Golf Club
2011 Annual Report - Cronulla Golf Club
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NOTEs TO THE FINANCIAL sTATEMENTs (CONT’D)<br />
FOR THE YEAR ENDED 30 JUNE <strong>2011</strong><br />
32 | CRONULLA GOLF CLUB LIMITED ABN 41 000 059 478<br />
<strong>2011</strong> 2010<br />
$ $<br />
b) Reconciliation of Cashflow from Operations with profit after Income Tax<br />
Operating profit (loss) after income tax (1,704,801) 634,508<br />
Non-cash flows in profit:<br />
Loss on sale of non-current assets 49,130 827<br />
Depreciation 237,251 262,301<br />
Charges to provisions 32,225 23,682<br />
Financing flows in operating profits 15,008 4,661<br />
Change in accounting policy 2,022,191 –<br />
Changes in assets and liabilities, net of the effects of purchase<br />
and disposals of subsidiaries<br />
(Increase) Decrease in current inventories (9,301) 2,282<br />
(Increase) Decrease in current receivables (3,267) (4,974)<br />
(Increase) Decrease in prepayments (21,554) 20,934<br />
Increase (Decrease) in trade creditors 21,083 42,089<br />
Increase (Decrease) in other creditors – 15,555<br />
Increase (Decrease) in income in advance 76,154 21,960<br />
714,119 1,023,825<br />
19 Company Details<br />
The registered office of the company is:<br />
<strong>Cronulla</strong> <strong>Golf</strong> <strong>Club</strong> Limited<br />
Elouera Road, <strong>Cronulla</strong><br />
The principal place of business is:<br />
<strong>Cronulla</strong> <strong>Golf</strong> <strong>Club</strong> Limited<br />
Elouera Road, <strong>Cronulla</strong><br />
The principal activities of the company are Development and Encouragement of the Game of <strong>Golf</strong>.<br />
20 Disclosure Requirements under Section 41J of the Registered <strong>Club</strong>s Act<br />
Core and Non Core Property<br />
Section 41J of the Act defines core property as meaning any real property owned or occupied by the <strong>Club</strong> that<br />
comprises:-<br />
(a) the defined premises of the club, or<br />
(b) any facility provided by the club for use of its members and their guests’ or<br />
(c) any other property declared, by resolution passed by a majority of the members present at a general<br />
meeting of the ordinary members of the club, not to be core property of the <strong>Club</strong>.<br />
Non-core property is defined as meaning any real property owned or occupied by the <strong>Club</strong> that is not core<br />
property.<br />
The Directors consider the <strong>Club</strong>’s defined premises of <strong>Cronulla</strong> <strong>Golf</strong> <strong>Club</strong> Limited to be core Property.<br />
The Directors consider the club has no non-core property.
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