Annual report 2009 - Australian and New Zealand College of ...
Annual report 2009 - Australian and New Zealand College of ...
Annual report 2009 - Australian and New Zealand College of ...
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DISCUSSION AND ANALYSIS<br />
OF THE FINANCIAL STATEMENTS<br />
Continued<br />
Statement <strong>of</strong> Comprehensive Income for the financial year ended 31 December <strong>2009</strong><br />
<strong>2009</strong> 2008<br />
$ $<br />
Revenue<br />
Subscriptions <strong>and</strong> entry fees 6,387,181 5,356,348<br />
Registrations, training <strong>and</strong> exam fees 7,878,802 6,558,598<br />
Meeting <strong>and</strong> course income 4,478,007 4,064,047<br />
Other income 1,761,120 554,266<br />
Total Revenue From Operating Activities 20,505,110 16,533,259<br />
Expenses<br />
Employee costs 8,247,071 7,284,307<br />
Facilities 2,231,801 2,352,601<br />
Travel <strong>and</strong> events 4,826,734 4,781,830<br />
Information technology 1,030,191 862,906<br />
Pr<strong>of</strong>essional services 1,395,373 1,084,582<br />
Other expenses 629,423 (20,034)<br />
Research grants 461,941 809,786<br />
Total Expenses From Operating Activities 18,822,534 17,155,978<br />
Surplus/ (Deficit) from operating activities 1,682,576 (622,719)<br />
Income from non-operating activities<br />
Investment Income 980,408 (2,752,483)<br />
SURPLUS / (DEFICIT) FOR THE PERIOD 2,662,984 (3,375,202)<br />
Asset transfer at nil consideration - JFICM (978,999) -<br />
Net Surplus/(Deficit) 1,683,985 (3,375,202)<br />
Other comprehensive income<br />
Exchange translation differences 23,838 7,985<br />
Total Comprehensive Income For The Period 1,707,823 (3,367,217)<br />
Statement <strong>of</strong> Financial Position as at 31 December <strong>2009</strong><br />
Assets<br />
<strong>2009</strong> 2008<br />
$ $<br />
Current assets<br />
Cash <strong>and</strong> cash equivalents 3,893,964 1,599,065<br />
Trade <strong>and</strong> other receivables 4,241,472 6,274,597<br />
Other financial assets 86,920 -<br />
Other 1,181,705 625,384<br />
Total current assets 9,404,061 8,499,046<br />
Non-current assets<br />
Property, plant <strong>and</strong> equipment 11,301,585 11,335,884<br />
Other financial assets 9,103,281 8,353,676<br />
Total non-current assets 20,404,866 19,689,560<br />
Total assets 29,808,927 28,188,606<br />
Liabilities<br />
Current liabilities<br />
Trade <strong>and</strong> other payables 2,487,247 1,615,675<br />
Provisions 239,384 223,107<br />
Other 6,564,957 7,564,013<br />
Total current liabilities 9,291,588 9,402,795<br />
Non-current liabilities<br />
Provisions 86,839 63,134<br />
Total non-current liabilities 86,839 63,134<br />
Total liabilities 9,378,427 9,465,929<br />
Net assets 20,430,500 18,722,677<br />
Equity<br />
Share capital 2 2<br />
Retained earnings 20,406,660 18,714,690<br />
Exchange rate revaluation reserve 23,838 7,985<br />
Total equity 20,430,500 18,722,677<br />
60 ANZCA <strong>Annual</strong> Report <strong>2009</strong><br />
ANZCA <strong>Annual</strong> Report <strong>2009</strong> 61
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