Statement of Changes in EquityFor the Year Ended 30 June <strong>2010</strong>RetainedTotalEarningsEquity$ $Balance at 1 July 2008 12,838,666 12,838,666Net profit for the year 1,106,219 1,106,219Other comprehensive income -__________________-__________________Total comprehensive income for the year 1,106,219 1,106,219__________________ __________________Balance at 30 June 2009 13,944,885 13,944,885__________________ __________________Net profit for the year 1,005,156 1,005,156Other comprehensive income -__________________-__________________Total comprehensive income for the year 1,005,156 1,005,156__________________ __________________Balance at 30 June <strong>2010</strong> 14,950,041 14,950,041____________________________________The Statement of Changes in Equity is to be read in conjunction with the discussion and analysis on page 22and the notes to the financial statements set out on page 23.20 BLACKTOWN <strong>RSL</strong> CLUB LIMITED - where friends love to meet
<strong>ANNUAL</strong> <strong>REPORT</strong> <strong>2010</strong>Statement of Cash FlowsFor the Year Ended 30 June <strong>2010</strong><strong>2010</strong> 2009$ $Cash Flows From Operating ActivitiesReceipts from customers 15,562,281 16,939,156Payments to suppliers and employees (13,392,151) (14,345,676)Interest received 30,870 26,645Finance costs paid (375,697) (500,658)Income taxes paid - (29,567)Income tax refund 29,567__________________111,030__________________Net cash inflow from operating activities 1,854,870 2,200,930__________________ __________________Cash Flows From Investing ActivitiesProceeds on disposal of non-current assets 102,554 106,502Payment for property, plant and equipment (1,119,308)__________________(413,558)__________________Net cash outflow from investing activities (1,014,754) (307,056)__________________ __________________Cash Flows From Financing ActivitiesProceeds from hire purchase facility - 41,448Repayment of borrowings (1,526,664) (695,001)Hire purchase payments (62,923) (13,079)Hire purchase charges 5,897 -Finance lease payments -__________________(1,148)__________________Net cash outflow from financing activities (1,583,690) (667,780)__________________ __________________Net increase/(decrease) in cash and cash equivalents (743,574) 1,226,094Cash and cash equivalents at the beginningof the financial year 1,756,990__________________530,896__________________Cash and cash equivalents at the end of the financial year 1,013,416 1,756,990____________________________________The Statement of Cash Flows is to be read in conjunction with the discussion and analysis on page 22 and thenotes to the financial statements set out on page 23.BLACKTOWN <strong>RSL</strong> CLUB LIMITED - where friends love to meet21