2015 Pathways Annual report

Recommendations

Info

Note 12: Capital And Leasing Commitments 2015 2014 $ $ a. Finance Lease Commitments Payable – minimum lease payments: – Not later than 12 months - - – Later than 12 months but not later than five years - - – Later than five years - - Minimum lease payments - - Less future finance charges - - Present value of minimum lease payments - - b. Operating Lease Commitments Non-cancellable operating leases contracted for but not capitalised in the financial statements Payable – minimum lease payments: – Not later than 12 months 246,928 275,529 – Later than 12 months but not later than five years 167,849 141,010 – Later than five years - - 414,777 416,539 Note 13: Economic Dependence Pathways Rehabilitation and Support Services Limited is dependent on the State and Federal Government funding for the majority of its revenue used to operate the business. At the date of this report the Board of Directors has no reason to believe the Government will not continue to support Pathways Rehabilitation and Support Services Limited Note 14: Events After The Reporting Period The directors are not aware of any significant events since the end of the reporting period. Pathways Annual Report 14 / 15 • 24
Note 15: Related Party Transactions 2015 2014 $ $ a. KEY MANAGEMENT PERSONNEL Any person(s) having authority and responsibility for planning, directing and controlling the activities of the company, directly or indirectly, including any director (whether executive or otherwise) is considered key management personnel. Key management personnel compensation: – Short-term benefits 460,506 405,448 460,506 405,448 Apart from the details disclosed above, no key management personnel has entered into a material contract with the company and there were no material contract involving key management personnel’s interests exiting at year end. Key management personnel include the Executives and Directors of the Company. Note 16: Cash Flow Information 2015 2014 $ $ Reconciliation of Cash Flow from Operating Activities with Current Year Surplus 311,633 333,487 PROFIT AFTER INCOME TAX Non-cash flows: 58,413 92,176 - Depreciation and amortisation expense 5,710 (71,208) - Net change in fair value of financial assets - 236,393 - (Gains)/Loss on disposal of property, plant and equipment - (1,535) - Doubtful debts expense Changes in assets and liabilities: - (Increase)/decrease in trade and other receivables (27,618) 183,988 - Increase/(decrease) in trade and other payables (289,580) 13,737 - (Increase)/decrease in prepayments (76,555) 35,121 - Increase/(decrease) in employee provisions 51,538 115,154 - (Increase)/decrease in inventories on hand - 6,015 33,541 943,328 Pathways Annual Report 14 / 15 • 25
Page 1 and 2: Annual Report 14 / 15
Page 3 and 4: IN MEMORIAM - IAN BURNS Pathways Bo
Page 5 and 6: Pathways CEO Adrian Buckley served
Page 7 and 8: DIRECTORS’ REPORT Your directors
Page 9 and 10: DIRECTORS’ REPORT The total amoun
Page 11 and 12: Statement Of Financial Position As
Page 13 and 14: Statement Of Cash Flows For The Yea
Page 15 and 16: d. Property, Plant and Equipment Ea
Page 17 and 18: g. Impairment of Assets At the end
Page 19 and 20: Note 2: Revenue And Other Income 20
Page 21 and 22: Note 5: Trade And Other Receivables
Page 23 and 24: Note 8: Property, Plant and Equipme
Page 25: Note 11: Employee Provisions Employ
Page 29 and 30: Note 17: Financial Risk Management
Page 31 and 32: Note 17: Financial Risk Management
Page 33 and 34: Note 18: Auditors Remuneration 2015
Page 35 and 36: Independent Auditor’s Report To T
Page 37: 61 Pakington Street Geelong West, V

2015 Pathways Annual report

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?