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Aktive Annual Report 2016/17

42

42 Aktive Annual Report 2016/2017 STATEMENT OF FINANCIAL POSITION As at 30 June 2017 Notes 30 JUN 2017 30 JUN 2016 ASSETS Current Assets Cash and cash equivalents 5 447,114 3,147,183 Short term investments 6 3,141,972 617,532 Receivables from exchange contracts 53,437 55,919 Receivables from non-exchange contracts 1,057,540 637,000 Prepayments 14,899 71,609 Total Current Assets 4,714,961 4,529,243 Non-Current Assets Property, Plant and Equipment 7 222,564 215,990 Total Non-Current Assets 222,564 215,990 TOTAL ASSETS 4,937,525 4,745,233 LIABILITIES Current Liabilities Trade and other payables - from exchange contracts 710,146 465,548 Employee benefits 62,422 52,332 Loans and borrowings - short term portion 9 63,771 47,156 Income in advance 8 3,524,906 3,041,759 Total Current Liabilities 4,361,245 3,606,794 Non-Current Liabilities Loans and borrowings 9 69,235 74,649 Total Non-Current Liabilities 69,235 74,649 Total Liabilities 4,430,480 3,681,443 NET ASSETS 507,045 1,063,790 EQUITY Accumulated comprehensive revenue and expense 407,045 963,790 Reserve fund for continued operations 10 100,000 100,000 TOTAL 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.’

Aktive Annual Report 2016/2017 43 STATEMENT OF CASH FLOWS For the year ended 30 June 2017 NOTES 2017 2016 CASH FLOWS FROM OPERATING ACTIVITIES Receipts from Sport New Zealand 9,694,459 9,921,953 Receipts from other grants 2,556,200 2,715,500 Receipts from other exchange transactions 259,218 205,495 Interest received 78,659 88,414 GST 119,658 (158,790) Payments to suppliers and employees (3,662,944) (2,998,776) Grants paid (9,120,085) (8,484,814) Interest paid - (1,587) Total Cash Flows from Operating Activities (74,835) 1,287,393 CASH FLOWS FROM INVESTING ACTIVITIES Payments to acquire property, plant and equipment (4,077) (21,927) Payments to purchase investments (2,524,523) (617,532) Total Cash Flows from Investing Activities (2,528,601) (639,458) CASH FLOWS FROM FINANCING ACTIVITIES Repayment of borrowings (96,634) (106,239) Total Cash Flows from Financing Activities (96,634) (106,239) NET INCREASE / (DECREASE) IN CASH (2,700,070) 541,695 CASH BALANCES Cash and cash equivalents at beginning of period 3,147,183 2,605,488 Cash and cash equivalents at end of period 5 447,114 3,147,183 Net change in cash for period (2,700,070) 541,695 The Statement of Cash Flows has been prepared showing amounts gross of GST. 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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