Annual Report 2010/11 - Australian Water Polo Inc

Notes to the financial statements
Note 12: STATEMENT OF CASH FLOWS
(a) Reconciliation of Cash
For the purpose of the Statement of Cash Flows cash includes cash at bank and cash on hand. Cash at 30 June 2011 as shown in
the Statement of Cash Flows is reconciled to the related items in the Balance Sheet as follows.
2011 2010
Notes $ $
Cash at Bank 715,903 513,702
(b) Reconciliation of Net Cash provided by Operating Activities to Surplus/(Deficit) from ordinary activities
2011 2010
Notes $ $
Surplus/(Deficit) 125,801 93,476
Plus/(Less): Non Cash Items 13,761 13,761
Depreciation and Amortisation 16,094 12,345
Increase/(Decrease) in Provisions 57,732 (3,445)
Changes in Assets and Liabilities
(increase)/Decrease in Receivables (180,072) 66,700
(increase)/Decrease in Inventory 11,500 (34,194)
(increase)/Decrease in Other Assets (28) 148,137
Increase/(Decrease) in Payables (116,473) (69,661)
Increase/(Decrease) in Other Liabilities 289,297 15,829
203,851 229,187
Note 13: RELATED PARTIES
The members who comprise the Board of Australian Water Polo Inc. are Peter Kerr, Leanne Barnes (resigned 28/11/2010), John Birch, David
Martin, Phillip Scales, Warren Hawtin, Trent Franklin, Kay Copeland (appointed 28/11/2010) and Amy Hetzel. In their capacity as Board
Members they received no remuneration. Any transactions between related parties are on normal commercial terms and conditions.
Note 14: ECONOMIC DEPENDENCE
The ongoing viability of the Association is dependent upon the continuing support of the funding bodies and the Member of the Association.
Note 15: EVENTS OCCURING AFTER BALANCE DATE
There are no events after the statement of financial position affecting these financial statements to be disclosed.
50 | Australian Water Polo 2010/11 Annual Report