New Zealand Cricket (Inc.) Annual Report

New Zealand Cricket (Inc.)BUSINESS of cricketStatement of Financial Performance for the year ended 31 May 2005Notes 2005 2004$ $Total Operating Revenue 2 20,683,987 22,602,488Less Operating Expenses:International Men’s Teams 7,904,971 7,759,109International Women’s Teams 378,817 398,574Administration 4,350,768 3,980,169Marketing 2,230,280 2,052,565Commissions and Levies 3,030,359 3,232,499Coaching and Development 1,605,198 1,584,867Other Cricket Playing 416,427 459,41319,916,820 19,467,196Net Operating Surplus 3 767,167 3,135,292Less Grants and Distributions to Associations 13 6,612,319 6,476,556Net Operating Deficit After Distributions $(5,845,152) $(3,341,264)Less Special Grants to Major Associations 13 260,000 280,000Net Deficit for the year $(6,105,152) $(3,621,264)New Zealand Cricket (Inc.)Statement of Movements in Equity for the year ended 31 May 200534Notes 2005 2004$ $Equity at 1 June 2004 14,090,114 17,711,378Net Deficit for the year (6,105,152) (3,621,264)Equity at 31 May 2005 7 $7,984,962 $14,090,114The accompanying notes form part of these financial statements.