Annual report 2009 - Australian and New Zealand College of ...

DISCUSSION AND ANALYSIS
OF THE FINANCIAL STATEMENTS
Continued
Statement of Changes In Equity for the financial year ended 31 December 2009
Retained
Share Capital Earnings Total
$ $
Balance at 1 January 2008 2 22,089,892 22,089,894
Surplus/(Deficit) for the period - (3,375,202) (3,375,202)
Exchange translation differences 7,985 7,985
Balance at 1 January 2009 2 18,722,675 18,722,677
Surplus/(Deficit) for the period - 2,662,984 2,662,984
Exchange translation differences 23,838 23,838
Asset transfer at nil consideration - JFICM (978,999) (978,999)
Balance at 31 December 2009 2 20,430,498 20,430,500
Statement of Cash Flows for the financial year ended 31 December 2009
2009 2008
$ $
Cash flows from operating activities
Receipts from members and customers 21,155,712 15,750,274
Interest received 182,316 153,817
Donations received 172,685 55,421
Payments to employees and suppliers (16,389,360) (16,971,695)
Research grants and bequests paid (835,267) (902,828)
Asset transfer at nil consideration - JFICM (978,999) -
Net cash provided by/(used in) operating activities 3,307,087 (1,915,011)
Notes to the Concise Financial Report
for the Year Ended 31 December 2009
Note 1: Basis Of Preparation Of The Concise
Financial Report
The concise financial report has been prepared in
accordance with Accounting Standard AASB 1039:
Concise Financial Reports, and the Corporations Act
2001. The presentation currency for these accounts
is Australian dollars.
The financial statements, specific disclosures and other
information included in the concise financial report are
derived from and are consistent with the full report of the
Australian and New Zealand College of Anaesthetists. The
concise financial report cannot be expected to provide as
detailed an understanding of the financial performance,
financial and investing activities of the Australian and New
Zealand College of Anaesthetists as the full financial report.
The accounting policies have been consistently applied
with those of the previous financial year.
Directors’ Declaration
The directors of the Australian and New Zealand College
of Anaesthetists declare that the concise financial report of
the Australian and New Zealand College of Anaesthetists
for the financial year ended 31 December 2009, as set out
in pages 58–65:
a) complies with Accounting Standard AASB 1039:
Concise Financial Reports; and
b) has been derived from and is consistent with the full
financial report of Australian and New Zealand College
of Anaesthetists.
This declaration is made in accordance with a resolution
of the Directors.
Cash flows from investing activities
Proceeds from sale of investments - 2,000,000
Proceeds from sale of property, plant and equipment - 381,770
Purchase of investments and administration fee (86,920) -
Purchase of property, plant and equipment (925,268) (946,019)
Net cash (used in)/provided by investing activities (1,012,188) 1,435,751
Net increase in cash and cash equivalents 2,294,899 (479,260)
Cash and cash equivalents at the beginning of the financial year 1,599,065 2,078,325
Cash and cash equivalents at the end of the financial year 3,893,964 1,599,065
Dr L F Wilson
President
23 March 2010
Professor K Leslie
Honorary Treasurer
23 March 2010
62 ANZCA Annual Report 2009
ANZCA Annual Report 2009 63