ANNUAL REPORT
Annual-Report-2004-2.. - Ethnic Communities Council Queensland
Annual-Report-2004-2.. - Ethnic Communities Council Queensland
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THE ETHNIC COMMUNITIES COUNCIL OF QUEENSLAND<br />
ACN 010 151 256<br />
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2005<br />
Note<br />
2005 2004<br />
$ $<br />
______________________________________________________________________________________________<br />
NOTE 10: PROVISIONS<br />
CURRENT<br />
Employee benefits 10(a) 536,989 568,431<br />
NON‐CURRENT<br />
Employee benefits 10(a) 54,758 64,359<br />
(a) Aggregate employee benefit liability 591,747 632,790<br />
(b) Number of employees at year end 200 200<br />
NOTE 11: OTHER LIABILITIES<br />
CURRENT<br />
Deferred income 320,985 444,601<br />
NOTE 12: RESERVES<br />
Asset revaluation reserve (a) 2,880,503 2,880,503<br />
Capital profits reserve (b) 295,999 295,999<br />
Other reserves (c) 3,042,310 3,042,310<br />
(a) Asset Revaluation Reserve<br />
Movements during the financial year:<br />
6,218,812 6,218,812<br />
Opening balance 2,880,503 2,880,503<br />
Closing balance 2,880,503 2,880,503<br />
The asset revaluation reserve records revaluations of non‐current assets.<br />
(b) Capital profits reserve<br />
Movements during the financial year:<br />
Opening balance 295,999 295,999<br />
Closing balance 295,999 295,999<br />
The capital profits reserve records funds set aside in prior years.<br />
(c) Other reserves<br />
Movements during the financial year:<br />
Opening balance 3,042,310 3,042,310<br />
Closing balance 3,042,310 3,042,310<br />
The other reserves records funds set aside in prior years.<br />
44<br />
ECCQ Annual Report 2004-2005
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