NEBA0007-A4 2011 Annual Report.indd - Netball WA
NEBA0007-A4 2011 Annual Report.indd - Netball WA
NEBA0007-A4 2011 Annual Report.indd - Netball WA
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Notes to the Financial Statements Notes to the Financial Statements<br />
For the Year Ended 31 December <strong>2011</strong><br />
Note 6: Plant and Equipment<br />
Plant and Equipment at Cost 180,887 174,213<br />
Less: Accumulated Depreciation (157,912) (142,578)<br />
42 NETBALL <strong>WA</strong> (INC) FINANCIAL REPORT<br />
<strong>2011</strong><br />
$<br />
2010<br />
$<br />
22,975 31,635<br />
Car at Cost 20,716 20,716<br />
Less: Accumulated Depreciation (20,716) (20,716)<br />
0 0<br />
Total Plant and Equipment 22,975 31,635<br />
Note 7: Trade and Other Payables<br />
CURRENT<br />
Trade payables 102,500 454,343<br />
<strong>Netball</strong> Australia levies 252,132 246,385<br />
Other payables 48,264 32,078<br />
Goods and Services tax payable 14,343 (30,091)<br />
Note 8: Provisions<br />
CURRENT<br />
417,239 702,715<br />
Employee benefi ts 80,825 34,384<br />
Note 9: Other Liabilities<br />
CURRENT<br />
Income received in advance 122,891 558,227<br />
Note 10: Segment <strong>Report</strong>ing<br />
The Association operated solely within Western Australia within the sports<br />
industry.<br />
Note 11: Subsequent Events<br />
There have been no events subsequent to balance date which would have a<br />
material effect on the Association’s fi nancial report at 31 December <strong>2011</strong>.<br />
For the Year Ended 31 December <strong>2011</strong><br />
Note 12: Cash Flow Information<br />
<strong>2011</strong><br />
$<br />
(a) Reconciliation of cash<br />
Cash at the end of the fi nancial year as shown in the statement of Cash Flows<br />
reconciled to the related items in the balance sheet as follows:<br />
Cash on hand 28 51<br />
Cash at bank 140,202 488,035<br />
Cash on deposit 1,195,145 1,531,244<br />
2010<br />
$<br />
1,335,375 2,019,330<br />
(b) Reconciliation of cash fl ow from operations with profi t from ordinary activities<br />
Profi t from ordinary activities 44,395 41,216<br />
Non-cash fl ows in profi t from ordinary activates<br />
Depreciation 15,334 23,135<br />
Change in assets and liabilities<br />
(Increase) / Decrease in receivables (12,641) (23,312)<br />
(Increase) / Decrease in other current assets (46,231) 69,098<br />
(Increase) / Decrease in inventory 1,944 7,079<br />
(Increase) / Decrease in bonds (4,200) 1,750<br />
Increase / (Decrease) in accounts payable (289,103) 299,995<br />
Increase / (Decrease) in unearned income (435,336) 53,928<br />
Increase / (Decrease) in provisions for<br />
employee entitlements<br />
42,810 2,964<br />
Increase / (Decrease) in transfer to reserves (0) 72,128<br />
Net cash from operating activities (683,028) 547,981<br />
NETBALL <strong>WA</strong> (INC) FINANCIAL REPORT<br />
43
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