Untitled - Hockey New South Wales

HOCKEY NEW SOUTH WALES LIMITEDA.B.N. 12 104 263 381NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTSFor the year ended 30th September 20122012 2011$ $NOTE 2 - REVENUE AND OTHER INCOMERevenuePlayer Levy 1,300,962 1,169,680Insurance Levy 448,635 428,688Association Contributions 367,200 298,479Player Contributions 574,408 524,809Sponsorships and Grants 210,725 257,424Game Development 39,163 25,418High Performance Camps 25,664 18,364Test Series 21,203 32,568Awards Night 11,114 10,277Shellharbour Fees 84,868 -Total Revenue 3,083,942 2,765,707Other IncomeInterest Received 149,323 63,401Other Income 7,884 36,527Total Other Income 157,207 99,9283,241,149 2,865,635NOTE 3 - OTHER EXPENSES FOR THE YEAREmployee Costs including:Salaries, Wages & Benefits 738,231 746,451Superannuation 63,921 60,221Employee Leave Provisions 9,250 10,227Depreciation of non-current assets 11,170 5,558NOTE 4 - REMUNERATION OF AUDITORSAuditing the financial report 12,000 13,182NOTE 5 - CASH AND CASH EQUIVALENTSCurrentCash on Hand 122 250Cash at Bank 2,606,757 1,693,655Cash on Deposit 2,000,000 2,500,0004,606,879 4,193,905Cash at bank earns interest on floating rates based on daily bank deposit rates. Short-term deposits are made for varyingperiods of between one day and six months, depending on the company's cash requirements. These deposits earn interestat market rates.NOTE 6 - TRADE AND OTHER RECEIVABLESCurrentTrade & Other Receivables 178,098 53,952Deposits Paid 22,521 7,670Accrued Income 12,789 32,663213,408 94,285Provision for Impairment of ReceivablesThe company does not hold any financial assets whose terms have been renegotiated, but which would otherwise be pastdue or impaired. There are no balances within trade receivables that contain assets that are not impaired and are past due.It is expected that these balances will be received when due.NOTE 7 - INVENTORIESCurrentStock of Uniforms & other merchandise 34,391 44,561NOTE 8 - OTHER ASSETSCurrentPrepayments 475,103 336,44211