Download Annual Report - Interchange
Download Annual Report - Interchange
Download Annual Report - Interchange
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Treasurer’s <strong>Report</strong><br />
<strong>Report</strong> 1: Detailed Income Statement<br />
The 2011/12 financial year once again proved to be one of growth, along with a very strong financial<br />
position. <strong>Interchange</strong> Victoria has increased its surplus since the previous year. Financially<br />
<strong>Interchange</strong> Victoria has had a profitable year.<br />
In summary<br />
Total Income $ 289,643.97<br />
Total Expenses $ 256,538.52<br />
Net Income $ 33,105.45<br />
For further information please refer to <strong>Report</strong> 1: Detailed Income Statement<br />
The 2011/2012 financial position for <strong>Interchange</strong> Victoria has continued to grow strong. Total income<br />
was increased this year due to a “one of grant” from Department Human Services being realised.<br />
<strong>Report</strong> 2: Detailed Balance Sheet<br />
Our strong financial position sees <strong>Interchange</strong> Victoria with a healthy Asset/Liability position<br />
The financial value of the organisation at the 30/6/2012<br />
Total Assets $ 225,451.83<br />
Less Current Liabilities $ 27,686.07<br />
Financial Value at 30/6/2012 $ 197,765.76<br />
For further information please refer to <strong>Report</strong> 2: Detailed Balance Sheet<br />
<strong>Interchange</strong> Victoria consolidated its investments from various banking institutes to be solely with<br />
Westpac Banking during the year.<br />
Debbie Knight<br />
Treasurer<br />
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