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 13: INCOME IN ADVANCE
GROUP
LEAGUES CLUB
2011 2010 2011 2010
CURRENT $ $ $ $
Subscriptions in advance 33,958 32,767 33,958 32,767
Income in advance 163,620 365,876 59,593 35,902
Commission in advance 19,410 18,814 19,410 18,814
216,988 417,457 112,961 87,483
NOTE 14: CASH FLOW INFORMATION
GROUP
LEAGUES CLUB
2011 2010 2011 2010
$ $ $ $
Non-cash financing and investing activities
Acquisition of plant and equipment by means
of finance leases - 269,094 - 235,495
NOTE 15: RELATED PARTY TRANSACTIONS
CRONULLA-SUTHERLAND LEAGUES CLUB LIMITED - PARENT ENTITY
Cronulla-Sutherland Leagues Club Limited is the parent entity of the Group. Cronulla-Sutherland District Rugby League Football Club
Limited is the controlled entity of the Leagues Club.
TRANSACTIONS WITH RELATED PARTIES
TRANSACTIONS WITH DIRECTORS AND DIRECTOR RELATED ENTITIES
The following transactions were on normal terms and conditions:
Skin Deep Clothing, a business in which Damian Irvine holds an interest, purchased football sponsorship seats
for $5,200 (2010:$5,200) at normal commercial rates.
Douglas Maher Coleman, a business in which Craig Douglas holds an interest, purchased a football sponsorship box
for $6,050 (2010:$11,935) at normal commercial rates.
Douglas Maher Coleman, a business in which Craig Douglas holds an interest, provided accounting services
for $8,239 (2010:$ 12,300) at normal commercial rates.
B2B Commercial Outfits, a company in which Ricky Surace holds an interest, purchased a football sponsorship box
for $61,450 (2010: $165,000) at normal commercial rates.
Keith Ward purchased football season seats for $810 (2010: $810) at normal commercial rates.
26 CRONULLA-SUTHERLAND LEAGUES CLUB LIMITED & CONTROLLED ENTITY ABN 54 000 202 826