2011 Annual Report - Cronulla Golf Club
2011 Annual Report - Cronulla Golf Club
2011 Annual Report - Cronulla Golf Club
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PROFIT AND LOss sTATEMENT<br />
FOR THE YEAR ENDED 30 JUNE <strong>2011</strong><br />
36 | CRONULLA GOLF CLUB LIMITED ABN 41 000 059 478<br />
<strong>2011</strong> 2010<br />
$ $<br />
INCOME<br />
Membership 1,970,119 1,919,064<br />
Bar Trading Account 145,813 143,476<br />
Poker Machine Trading Account 49,966 35,506<br />
<strong>Golf</strong> Operations 114,384 111,178<br />
2,280,282 2,209,224<br />
OTHER INCOME<br />
Interest Received 20,430 16,182<br />
Sponsorship 27,732 18,765<br />
Sundries 12,963 2,476<br />
Surplus house accounts 38,912 38,727<br />
100,037 76,150<br />
2,380,319 2,285,374<br />
EXPENSES<br />
Administration and General Expenses 524,708 545,340<br />
Catering Facility 14,469 15,230<br />
Course Expenses 1,440,789 1,486,191<br />
House Expenses 269,376 223,441<br />
Interest Paid 6,121 10,149<br />
Loss on sale(disposal)of assets 49,130 (607)<br />
Social Functions & Entertainment (1,728) 3,789<br />
2,302,865 2,283,533<br />
Profit from ordinary activities 77,454 1,841<br />
Entrance Fees 237,209 438,342<br />
Government Grants - 49,869<br />
Levies 2,727 144,456<br />
Course Improvements (change in accounting policy write off) (2,022,191) -<br />
(Loss) Profit from ordinary activities before income tax (1,704,801) 634,508
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