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Aktive Annual Report 2016/17

40

40 Aktive Annual Report 2016/2017 TRUSTEES’ REPORT For the year ended 30 June 2017 The Trustees are pleased to present the approved financial statements of Aktive - Auckland Sport & Recreation for the year ended 30 June 2017. Raewyn Lovett Chair of Board of Trustees Date 11/9/17 Sarah Sandley Chief Executive Officer Date 11/9/17

Aktive Annual Report 2016/2017 41 STATEMENT OF COMPREHENSIVE REVENUE AND EXPENSE For the year ended 30 June 2017 Notes 2017 2016 REVENUE Revenue from non-exchange transactions KiwiSport funding 2,833,262 2,688,483 Sport New Zealand other funding 5,311,247 4,465,715 Other grants / non exchange contract revenue 2 2,610,508 2,661,059 Total Revenue from non-exchange transactions 10,755,018 9,815,257 Revenue from exchange transactions Other operating revenue - rendering of services 411,934 456,933 Interest Received 107,070 91,759 Total Revenue from exchange transactions 519,004 548,692 TOTAL REVENUE 11,274,022 10,363,949 EXPENSES Employee and volunteer related costs 3 1,803,823 1,607,222 Functions and events 208 1,631 Grants and donations made 3 8,065,418 7,273,210 Depreciation and amortisation 7 81,903 61,692 Interest expense 11,213 11,005 Other expenses 3 1,868,201 1,577,597 TOTAL EXPENSES 11,830,767 10,532,357 Surplus/(Deficit) for the Year (556,745) (168,408) Other Comprehensive Revenue and Expenses - - TOTAL COMPREHENSIVE REVENUE AND EXPENSES (556,745) (168,408) STATEMENT OF CHANGES IN NET ASSETS / EQUITY For the year ended 30 June 2017 Notes 2017 2016 NET ASSETS / EQUITY Accumulated comprehensive revenue and expense Current Year Surplus / (Deficit) (556,745) (168,408) Retained Earnings 963,790 1,132,198 Total Accumulated comprehensive revenue and expense 407,045 963,790 Reserve fund for continued operations Opening Balance 10 100,000 100,000 Total Reserve fund for continued operations 100,000 100,000 TOTAL NET ASSETS / EQUITY 507,045 1,063,790 These financial statements should be read in conjuction with the following ‘Statement of Accounting Policies’ and ‘Note of the Financial Statements.’

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