Download the full C&K Annual Report 2011
Download the full C&K Annual Report 2011
Download the full C&K Annual Report 2011
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Chief Finance & Information Officer report<br />
C&K Association of Queensland finished <strong>2011</strong> with an operating surplus (before depreciation) of<br />
$2,015,014. This was a significant improvement on <strong>the</strong> 2010 operating surplus (before depreciation)<br />
of $459,840.<br />
Summary results<br />
A key focus has been partnering with <strong>the</strong> Queensland<br />
Government, providing improved access to kindergartens for more<br />
Queensland children and preparing for <strong>the</strong> implementation of <strong>the</strong><br />
National Quality Framework<br />
34 | C&K <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong><br />
<strong>2011</strong><br />
$‘000’s<br />
2010<br />
$‘000’s<br />
Operating Revenue<br />
Expenses<br />
50,446 46,183<br />
Employee Costs 39,070 35,334<br />
- O<strong>the</strong>r Expenses 9,361 10,390<br />
Operating Surplus (before Depreciation) 2,015 460<br />
Cash and Cash Equivalents 21,281 17,895<br />
Total Assets 37,394 27,576<br />
Total Equity 23,350 16,287<br />
Employee Costs as a % of Operating Revenue 77.45% 76.51%<br />
Operating Margin (before Dep’n) 3.99% 0.99%<br />
Government funding (incl Grants) / Total Revenue 34.40% 25.54%
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