28Auditor’s <strong>Report</strong>
<strong>St</strong>atement of Cash Flows for theyear ended 30 June <strong>2007</strong><strong>St</strong> <strong>Kilda</strong> <strong>Legal</strong> <strong>Service</strong> Co-op LtdConsolidated Balance Sheet as at 30 June <strong>2007</strong>CURRENT ASSETS2,007 2,007 2,007 2,007 2,007 2,007 <strong>2006</strong>DrugCLCCommitted BuildingOutreach DV NetworkTotal TotalRecurrentFunds FundVLA$ $ $ $ $ $ $Cash on Hand 486.40 486.40 185.80Cash at bank 5,800.12 5,800.12 5,488.41CBA investments 91,850.00 17,023.56 8,744.91 7,715.57 27,665.96 153,000.00 133,000.00Macaulay <strong>Community</strong> Credit Co-op 6,637.89 6,637.89 1,920.56Accrued Income 2,331.98 2,331.98 1,748.01Accounts ReceivableTOTAL CURRENT ASSETS 107,106.39 17,023.56 8,744.91 7,715.57 27,665.96 168,256.39 142,342.78NON-CURRENT ASSETSFixed AssetsComputer Equipment 12,168.00 2,690.91 1,322.00 16,180.91 23,427.32Office Furniture & Equipment 27,308.16 369.00 27,677.16 28,003.81Less Accumulated Depreciation 26,696.16 2,420.91 465.00 29,582.07 39,204.13TOTAL NON-CURRENT ASSETS 12,780.00 639.00 857.00 14,276.00 12,227.00TOTAL ASSETS 119,886.39 17,662.56 8,744.91 8,572.57 27,665.96 182,532.39 154,569.78CURRENT LIABILITIESCreditorsSundry Creditors 20,719.19 2,741.94 23,461.13 25,007.24Employee Entitlements<strong>Annual</strong> Leave 35,218.09 3,573.61 38,791.70 17,661.76Long <strong>Service</strong> LeaveTOTAL CURRENT LIABILITIES 55,937.28 6,315.55 62,252.83 42,669.00NON-CURRENT LIABILITIESEmployee EntitlementsLong <strong>Service</strong> Leave 25,461.00 25,461.00 20,622.80TOTAL NON-CURRENT LIABILITIES 25,461.00 25,461.00 20,622.80TOTAL LIABILITIES 81,398.28 6,315.55 87,713.83 63,291.80NET ASSETS 38,488.11 11,347.01 8,744.91 8,572.57 27,665.96 94,818.56 91,277.98ACCUMULATED FUNDSRetained Funds at Beginning of Year 44,718.50 5,335.47 8,744.91 4,813.14 27,665.96 91,277.98 84,439.48Transfer between funds -2,807.00 2,807.00Surplus/(deficit) for Year 9,979.60 7,316.15 949.63 18,245.38 6,838.50Prior year adjustment (see note) -13,402.99 -1,301.81 -14,704.80RETAINED FUNDS FOR THE YEAR 38,488.11 11,349.81 8,744.91 8,569.77 27,665.96 94,818.56 91,277.9829