balance sheet - Newcastle Knights

NEWCASTLE AND COALFIELDS DISTRICTRUGBY LEAGUE CLUB LIMITEDSTATEMENT By DIRECTORSIn accordance with a resolution of the Direcl.Ors of the Newcastle and Coalfields District Rugby League Club Limited, westate that:(1) In the opinion of the Directors:(a)the Profit and Loss Statement is drawn up so as to give a (rlle and fair view of the profit of the Company forthe year ended 31 Ocrober 1992;(b) the Dalance Sheet is drawn lip so :IS to give a true and fair view of the state of affairs of the Company at 31October 1992; andCc)at the date of this statemem there afe reasonable grounds to believe that the Company will be ,Ible to pay itsdebts as and when they fall due.(2) In the opinion of the Directors the Financial Statements have been made out in accordance with Divisions 4A and 4nof Pan 3.6 of the Corporarions Law.On behalf of the BoardK. M. HILL - DIRECTORK. SMITH - DIRECTORNewcastle, 26th November, 1992AUDITORS REpORTTo THE MEMBERSSCOPE\Vle have audited the accompanying financial statemenlS of Newcastle and Coalfields District Rugby League Club Limitedfor the financial year ended 31st OCIDber 1992, including the Statement by DireclOrs. The Company's DireclOrs areresponsible for the preparalion and presemation of the financial statemems and the information they contain. \Vle haveconducted an independem audit of these financial statements in order ID express an opinion on them to the Inclnbers ofthe company.Our audit has been conducted in 'lccordancc with Australian Auditing Standards to prOVide rC;lsonable "ssur;lIlce ;IS towhether the financial stmements are free of mated"l misstatement. Our procedures included examination, on a test basis,of evidence supporting the amounts and other disclosures in the financial statements, and the evaluation of accountingpolicies and significant accounting estimates. These procedures have been undertaken to form an opinion as to whether,in all material respects, the financial statemellls are presemed fairly in accordance with Australian Accounting Conceptsand Standards and statutory requirements so as to presem a view which is consistcm with our understanding of thecompany's financial position and the results of its operations.The audit opinion expressed in this report has been formed on the ahove basis.AUDIT OPINIONIn our opinion, the financial statements of NewcasLle ;IIlU Coall1c1ds District Rugby League Club Limited are properlydrawn up:(a)(h)(c)so as ID give a tnle and fair view of:(i)(ii)the state of affairs of the Comp:1I1Y at 31 October 1992, ;lIld of the profit of the Company for the I1nanciaJyear ended on that date; andthe other mallers required hy Division 4, 4A ;lIld 4n of Part 3.6 or the Corporations Law to he de;alt with inthe financial Sl;llemenls:in accordance with the provisions of the Corporations Law; andin accordance with Statements of Accounting Concepts and applicahle Accounling Sl;Indards.ERNST & YOUNGCIl A I\TERED ACCOUNTA NTS