2011-12 Annual Report - Australian Water Polo Inc

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WATER POLO AUSTRALIA 2011/12 ANNUAL REPORT 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 2012 as shown in the Statement of Cash Flows is reconciled to the related items in the Balance Sheet as follows. 2012 2011 Notes $ $ Cash at Bank 206,902 715,903 (b) Reconciliation of Net Cash provided by Operating Activities to Surplus/(Deficit) from ordinary activities 2012 2011 Notes $ $ Surplus/(Deficit) (733,827) 125,801 54 Plus/(Less): Non Cash Items Depreciation and Amortisation 11,951 16,094 (Gain)/Loss on Disposal 2,703 - Changes in Assets and Liabilities (increase)/Decrease in Receivables 46,071 (180,072) (increase)/Decrease in Inventory 170,720 11,500 (increase)/Decrease in Other Assets (150,012) (28) Increase/(Decrease) in Payables 198,858 (116,473) Increase/(Decrease) in Other Liabilities 59,925 289,297 Increase/(Decrease) in Provisions (95,149) 57,732 (488,760) 203,851 Note 13: RELATED PARTIES For the reporting period the Board of Water Polo Australia Inc comprised Peter Kerr (Chairman) John Birch (resigned 03/07/2011), Susannah Fraser (appointed 9/10/2011), David Martin, Phillip Scales, Trent Franklin, Kay Copeland, Warren Hawtin and Amy Hetzel (appointed 03/07/2011). In their capacity as Board Members they received no remuneration and any transactions between related parties are on normal commercial terms and conditions. Note 14: EVENTS OCCURING AFTER BALANCE DATE There are no events after the statement of financial position affecting these financial statements to be disclosed.
Water Polo Australia LIMITED would like to thank the following partners: Principal sponsor Sponsors Queensland Academy of Sport
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2011-12 Annual Report - Australian Water Polo Inc

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