Annual Report 2016-2017
- No tags were found...
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Aktive <strong>Annual</strong> <strong>Report</strong> <strong>2016</strong>/<strong>2017</strong> 41<br />
STATEMENT OF COMPREHENSIVE REVENUE AND EXPENSE<br />
For the year ended 30 June <strong>2017</strong><br />
Notes <strong>2017</strong> <strong>2016</strong><br />
REVENUE<br />
Revenue from non-exchange transactions<br />
KiwiSport funding 2,833,262 2,688,483<br />
Sport New Zealand other funding 5,311,247 4,465,715<br />
Other grants / non exchange contract revenue 2 2,610,508 2,661,059<br />
Total Revenue from non-exchange transactions 10,755,018 9,815,257<br />
Revenue from exchange transactions<br />
Other operating revenue - rendering of services 411,934 456,933<br />
Interest Received 107,070 91,759<br />
Total Revenue from exchange transactions 519,004 548,692<br />
TOTAL REVENUE 11,274,022 10,363,949<br />
EXPENSES<br />
Employee and volunteer related costs 3 1,803,823 1,607,222<br />
Functions and events 208 1,631<br />
Grants and donations made 3 8,065,418 7,273,210<br />
Depreciation and amortisation 7 81,903 61,692<br />
Interest expense 11,213 11,005<br />
Other expenses 3 1,868,201 1,577,597<br />
TOTAL EXPENSES 11,830,767 10,532,357<br />
Surplus/(Deficit) for the Year (556,745) (168,408)<br />
Other Comprehensive Revenue and Expenses - -<br />
TOTAL COMPREHENSIVE REVENUE AND EXPENSES (556,745) (168,408)<br />
STATEMENT OF CHANGES IN NET ASSETS / EQUITY<br />
For the year ended 30 June <strong>2017</strong><br />
Notes <strong>2017</strong> <strong>2016</strong><br />
NET ASSETS / EQUITY<br />
Accumulated comprehensive revenue and expense<br />
Current Year Surplus / (Deficit) (556,745) (168,408)<br />
Retained Earnings 963,790 1,132,198<br />
Total Accumulated comprehensive revenue and expense 407,045 963,790<br />
Reserve fund for continued operations<br />
Opening Balance 10 100,000 100,000<br />
Total Reserve fund for continued operations 100,000 100,000<br />
TOTAL NET ASSETS / EQUITY 507,045 1,063,790<br />
These financial statements should be read in conjuction with the following ‘Statement of Accounting Policies’ and ‘Note of the Financial Statements.’
Change language