GMHBA AnnuAL RepoRt 2010 - GMHBA Health Insurance
GMHBA AnnuAL RepoRt 2010 - GMHBA Health Insurance
GMHBA AnnuAL RepoRt 2010 - GMHBA Health Insurance
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>GMHBA</strong> Limited ABN 98 004 417 092<br />
<strong>GMHBA</strong> Limited ABN 98 004 417 092<br />
Notes to the Financial Statements for the year ended 30 June <strong>2010</strong> (continued)<br />
9. Provisions (continued)<br />
Connect Reward benefits <strong>2010</strong><br />
$’000<br />
43<br />
2009<br />
$’000<br />
Balance at beginning of year 14,351 15,324<br />
Add Benefits accrued 4,649 3,002<br />
less Benefits utilised (5,660) (3,975)<br />
13,340 14,351<br />
Employee annual leave<br />
Balance at beginning of year 534 533<br />
Add annual leave incurred 643 589<br />
Less annual leave paid (577) (588)<br />
600 534<br />
Long service Leave<br />
Balance at beginning of year 382 393<br />
Add long service leave incurred 119 67<br />
Less long service leave paid (74) (78)<br />
427 382<br />
10. Other liabilities<br />
Unearned premium liability 29,396 27,294<br />
Unclosed business premium 897 798<br />
30,293 28,092<br />
11. Notes to the Cash Flow Statement<br />
(a) Reconciliation of net cash provided by operating<br />
activities to operating profit:<br />
Operating profit 5,850 7,960<br />
Depreciation 577 497<br />
Net gain / (loss) on sale of non-current assets 12 10<br />
Revaluation of investments 515 117<br />
(Increase) in receivables (1,591) (1,008)<br />
(Increase) in investments (433) (515)<br />
(Increase) in other assets (76) (81)<br />
Increase/(decrease) in payables 3,234 (1,096)<br />
Increase in provisions 774 1,738<br />
Increase in other liabilities 2,201 4,082<br />
Net cash provided by operating activities 11,063 11,704<br />
43
Change language