Annual Report 2011 - Gumala
Annual Report 2011 - Gumala
Annual Report 2011 - Gumala
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<strong>Gumala</strong> Aboriginal Corporation<br />
ABN 93 807 596 843<br />
Income Statement<br />
For the Year Ended 30 June <strong>2011</strong><br />
<strong>Gumala</strong> Aboriginal Corporation<br />
ABN 93 807 596 843<br />
Statement of Financial Position<br />
30 June <strong>2011</strong><br />
Note<br />
<strong>2011</strong><br />
$<br />
2010<br />
$<br />
Funding received from <strong>Gumala</strong> Foundation 14,753,349 8,249,364<br />
Other income 3 2,621,756 931,432<br />
Employee benefits expense (3,319,893) (2,925,266)<br />
Cost of <strong>Annual</strong> General Meeting/s (1,910,573) (571,937)<br />
Depreciation (415,489) (147,008)<br />
Membership assistance program (6,783,127) (3,998,572)<br />
Radio broadcasting (94,269) (101,847)<br />
Traineeship (243,721) (279,619)<br />
Lore and culture (795,718) (172,303)<br />
Projects (354,154) (379,271)<br />
Community assistance programs (199,718) (135,003)<br />
Unexpended grants repaid - (330,000)<br />
Other expenses (1,292,364) (767,863)<br />
Finance costs (78) (20,667)<br />
Profit (loss) before income taxes 1,966,001 (648,560)<br />
Profit (loss) for the year 1,966,001 (648,560)<br />
Note<br />
<strong>2011</strong><br />
$<br />
2010<br />
$<br />
ASSETS<br />
CURRENT ASSETS<br />
Cash and cash equivalents 4 4,676,939 3,620,589<br />
Trade and other receivables 5 5,207,986 222,976<br />
Other assets 6 44,623 45,186<br />
TOTAL CURRENT ASSETS 9,929,548 3,888,751<br />
NON-CURRENT ASSETS<br />
Investments 7 2 52<br />
Property, plant and equipment 8 573,768 500,785<br />
Investment property 9 1,236,775 1,237,767<br />
Projects 10 1,410,447 292,826<br />
TOTAL NON-CURRENT ASSETS 3,220,992 2,031,430<br />
TOTAL ASSETS 13,150,540 5,920,181<br />
LIABILITIES<br />
CURRENT LIABILITIES<br />
Trade and other payables 11 1,681,455 856,751<br />
Short-term provisions 12 137,805 65,268<br />
Other liabilities 13 8,096,317 3,734,212<br />
TOTAL CURRENT LIABILITIES 9,915,577 4,656,231<br />
NON-CURRENT LIABILITIES<br />
Long-term provisions 12 12,031 7,019<br />
TOTAL NON-CURRENT LIABILITIES 12,031 7,019<br />
TOTAL LIABILITIES 9,927,608 4,663,250<br />
NET ASSETS 3,222,932 1,256,931<br />
EQUITY<br />
Retained Earnings 3,222,932 1,256,931<br />
TOTAL EQUITY 3,222,932 1,256,931<br />
The accompanying notes form part of these financial statements.<br />
The accompanying notes form part of these financial statements.<br />
9<br />
9 10<br />
10<br />
38 GUMALA ABORIGINAL CORPORATION ANNUAL REPORT <strong>2011</strong> ANNUAL REPORT <strong>2011</strong> GUMALA ABORIGINAL CORPORATION 39
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