Annual Report 2010/11 - Australian Water Polo Inc

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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
Australian Water Polo Inc would like to thank the following partners: Principal sponsor Sponsors Queensland Academy of Sport
Page 1: Annual Report 2010/11
Page 4 and 5: Office Bearers 2010/11 Honorary Off
Page 6 and 7: Message from the Australian Sports
Page 8 and 9: Chief Executive Officer’s Report
Page 10 and 11: The Women’s High Performance Prog
Page 12 and 13: National Development Report Nationa
Page 14 and 15: National League Report The 2011 sea
Page 16 and 17: A feature of the competition was th
Page 18 and 19: State associations, for aligning th
Page 20 and 21: Senior Women’s Report After our v
Page 22 and 23: Born 93’s The 12 month period fro
Page 24 and 25: Hall of Fame Dinner 2011 The 3rd An
Page 26 and 27: Athletes’ Commission Report The A
Page 28 and 29: National Capitation 2011 senior jun
Page 30 and 31: National Championship Results 2010/
Page 32 and 33: Senior Men European Tour, June 2011
Page 34 and 35: senior women International Series w
Page 36 and 37: orn ‘93 Pythia Cup, Itea, Greece,
Page 38 and 39: Independent Auditor’s Report 38 |
Page 40 and 41: Statement of Comprehensive Income F
Page 42 and 43: Statement of Changes in Equity For
Page 44 and 45: Notes to and forming part of the ac
Page 46 and 47: Notes to the financial statements 2
Page 48 and 49: Notes to the financial statements 2
Page 52: Australian Water Polo Inc ABN 27 82

Annual Report 2010/11 - Australian Water Polo Inc

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