Download the full C&K Annual Report 2011
Download the full C&K Annual Report 2011
Download the full C&K Annual Report 2011
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Notes to <strong>the</strong> Financial Statements<br />
For <strong>the</strong> year ended 31 December <strong>2011</strong><br />
Note 1: Statement of significant accounting policies<br />
Basis of Preparation of <strong>the</strong> Concise Financial <strong>Report</strong><br />
The concise financial report is an extract of <strong>the</strong> <strong>full</strong> financial report for <strong>the</strong> year ended 31 December <strong>2011</strong>. The concise<br />
financial report has been prepared in accordance with Accounting Standard AASB 1039 Concise Financial <strong>Report</strong>s and <strong>the</strong><br />
Associations Incorporations Act 1981 (Qld).<br />
The financial statements, specific disclosures and o<strong>the</strong>r information included in <strong>the</strong> concise financial report are derived from<br />
and are consistent with <strong>the</strong> financial report of Creche and Kindergarten Association of Queensland Inc (C&K Association<br />
of Queensland). The concise financial report cannot be expected to provide as detailed an understanding of <strong>the</strong> financial<br />
performance, financial position and financing and investing activities of C&K Association of Queensland as <strong>the</strong> <strong>full</strong> financial<br />
report.<br />
A description of <strong>the</strong> accounting policies adopted by C&K Association of Queensland may be found in <strong>the</strong> <strong>full</strong> financial report.<br />
The presentation currency as shown in <strong>the</strong> financial statements is in Australian Dollar (AUD).<br />
42 | C&K <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong> The accompanying notes form part of this concise financial report