20.08.2015 Views

Contents

Annual Report 2009–2010 - SRBV Admin

Annual Report 2009–2010 - SRBV Admin

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Five Year Financial SummarySRBV SRBV SRBV SRBV SRBV2009-2010 2008-2009 2007-2008 2006-2007 2005-2006$ $ $Core business revenue 108,560 115,209 115,584 113,491 108,890Government contributions 217,690 275,955 290,950 261,600 356,966Other revenue 6,951 14,625 15,680 10,987 9,152Total revenue 333,201 405,788 422,214 386,078 475,008Administration 379,464 431,484 380,157 359,470 528,295Corporate expenditure - - - - -Project expenditure - - - - -Total expenditure 379,464 431,484 380,157 359,470 528,295Current assets 188,222 238,640 257,976 215,484 199,433Non-current assets - - - - -Total assets 188,222 238,640 257,976 215,484 199,433Current liabilities 10,326 14,480 8,120 7,685 18,242Non-current liabilities - - - - -Total liabilities 10,326 14,480 8,120 7,685 18,242Net assets 177,896 224,160 249,856 207,799 181,191Significant Changes in Financial PositionThere was a significant change in the financial position of the Board during the reporting period with theOperating Statement disclosing a marked increase in the deficit of $46,263 compared to $25,696 in 2008-09. The difference of $20,567 can largely be attributed to a decrease in the Board’s revenue associatedwith government contributions, which relate to personnel, professional fees and other administrativeservices.Page 24 of 52

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!