Building Lifelong Relationships - NUSS
Building Lifelong Relationships - NUSS
Building Lifelong Relationships - NUSS
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<strong>NUSS</strong><br />
ANNUAl RepoRt 2006<br />
Balance sheet<br />
PG<br />
66<br />
Chandra Mohan K Nair Yee Woon Yim<br />
President Honorary Treasurer<br />
Dated : 1 March 2007<br />
The annexed notes form an integral part of and should be read in conjunction with these financial statements.<br />
31 December 2006 31 December 2005<br />
Note $ $<br />
Assets<br />
Non–Current<br />
Property and equipment 3 10,385,151 10,340,470<br />
Term deposit 4 – 5,000,000<br />
10,385,151 15,340,470<br />
Current<br />
Term deposit 4 5,000,000 –<br />
Inventories, at cost 5 183,041 232,032<br />
Amounts due from members 6 3,021,184 3,047,643<br />
Sundry receivables 7 1,198,192 1,186,678<br />
Cash and cash equivalents 8 23,771,392 22,282,844<br />
33,173,809 26,749,197<br />
Total assets 43,558,960 42,089,667<br />
Members’ Funds<br />
Accumulated Fund 18,309,791 8,464,722<br />
Development Fund 20,811,597 21,539,837<br />
Fixed Assets Fund – 7,956,562<br />
39,121,388 37,961,121<br />
Liabilities<br />
Current<br />
Members’ deposits 1,355,678 1,412,318<br />
Creditors and accruals 9 2,955,653 2,716,228<br />
Provision for tax 126,241 –<br />
4,437,572 4,128,546<br />
Total members’ funds and liabilities 43,558,960 42,089,667