Financial Report Yr Ending 3.. - SHARKIES | Cronulla Sutherland ...

FINANCIAL REPORT FOR THE YEAR ENDED 31ST OCTOBER 2011
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2011
NOTE 8: INVENTORIES
GROUP
LEAGUES CLUB
2011 2010 2011 2010
$ $ $ $
Finished goods
- at cost 125,516 178,050 72,171 127,501
NOTE 9: PROPERTY, PLANT AND EQUIPMENT
GROUP
LEAGUES CLUB
2011 2010 2011 2010
$ $ $ $
Freehold Land
At deemed cost 3,850,000 3,850,000 3,850,000 3,850,000
Property development costs - - - -
Total land 3,850,000 3,850,000 3,850,000 3,850,000
Buildings
At deemed cost 6,520,000 6,520,000 6,520,000 6,520,000
Accumulated depreciation (2,009,532) (1,905,212) (2,009,532) (1,905,212)
4,510,468 4,614,788 4,510,468 4,614,788
Building improvements
At cost 26,470,465 26,399,047 11,694,739 11,680,881
Accumulated amortisation (6,242,287) (5,691,809) (2,395,091) (2,169,883)
20,228,178 20,707,238 9,299,648 9,510,998
Total buildings 24,738,646 25,322,026 13,810,116 14,125,786
Total freehold land and buildings 28,588,646 29,172,026 17,660,116 17,975,786
Plant and equipment
At cost 10,609,798 10,443,491 8,745,440 8,593,112
Accumulated depreciation (8,365,872) (7,835,791) (7,487,084) (7,153,369)
2,243,926 2,607,700 1,258,356 1,439,743
Leased plant and equipment
At cost 4,050,126 4,050,126 3,881,951 3,881,951
Accumulated amortisation (3,623,423) (3,315,231) (3,510,723) (3,232,251)
426,703 734,895 371,228 649,700
Total plant and equipment 2,670,629 3,342,595 1,629,584 2,089,443
Total non-current property, plant and equipment 31,259,275 32,514,621 19,289,700 20,065,229
20 CRONULLA-SUTHERLAND LEAGUES CLUB LIMITED & CONTROLLED ENTITY ABN 54 000 202 826