Aktive Annual Report 2015/16

Aktive Annual Report 2015/2016 33
STATEMENT OF COMPREHENSIVE REVENUE AND EXPENSE
For the year ended 30 June 2016
NOTES 2016
REVENUE
Revenue from non-exchange transactions
KiwiSport funding 2,688,483
Sport New Zealand other funding 4,465,715
Other grants / non exchange contract revenue 2 2,661,059
Total Revenue from non-exchange transactions 9,815,257
Revenue from exchange transactions
Other operating revenue - rendering of services 456,933
Interest Received 91,759
Total Revenue from exchange transactions 548,692
TOTAL REVENUE 10,363,949
EXPENSES
Employee and volunteer related costs 1,607,222
Functions and events 1,631
Grants and donations made 3 7,273,210
Depreciation and amortisation 7 61,692
Interest expense 11,005
Other expenses 3 1,577,597
TOTAL EXPENSES 10,532,357
Surplus/(Deficit) for the Year (168,408)
Other Comprehensive Revenue and Expenses -
TOTAL COMPREHENSIVE REVENUE AND EXPENSES (168,408)
STATEMENT OF CHANGES IN NET ASSETS / EQUITY
For the year ended 30 June 2016
NOTES 2016
NET ASSETS / EQUITY
Accumulated comprehensive revenue and expense
Current Year Surplus / (Deficit) (168,408)
Retained Earnings 10 1,132,198
Total Accumulated comprehensive revenue and expense 963,790
Reserve fund for continued operations
Opening Balance 100,000
Total Reserve fund for continued operations 10 100,000
TOTAL NET ASSETS / EQUITY 1,063,790
These financial statements should be read in conjunction with the following ‘Statement of Accounting Policies’ and ‘Notes to the Financial Statements’.