SLSNZ Strategy - 2020-21 Three year summary v3
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BUDGETS ($m)<br />
($m) 2017/18<br />
(actual)<br />
2018/19<br />
(actual)<br />
2019/20<br />
(Forecast)<br />
<strong>2020</strong>/<strong>21</strong><br />
(Budget)<br />
20<strong>21</strong>/22<br />
(est)<br />
2022/23<br />
(est)<br />
Revenue 10.35 10.49 11.02 10.69 11.00 11.50<br />
Expenditure 9.96 9.93 10.34 10.30 10.55 11.05<br />
Net Operating Surplus 0.39 0.56 0.68 0.39 0.45 0.45<br />
plus Depreciation 0.35 0.22 0.25 0.25 0.20 0.20<br />
Less Capex 0.23 0.45 0.48 0.29 0.15 0.15<br />
Less change in Income in Advance 0.28 0.24<br />
=Cash Surplus 0.51 0.33 0.20 0.11 0.50 0.50<br />
Net Assets (Total Equity) 1.95 2.51 2.79 3.18 3.63 4.08<br />
Working Capital (<strong>SLSNZ</strong>) 1.04 1.37 1.57 1.68 2.18 2.68<br />
Foundation – accum funds 0.14 0.20 0.50 0.75 1.50 2.00<br />
Working Capital (inc Foundation) 1.57 2.14 2.43 3.68 4.68<br />
Note: All Capital Expenditure (Capex) has to be funded from the Operating Surplus before any of the<br />
surplus can be directed towards reserves. Operating Surplus figures are before any Balance Sheet<br />
adjustments such as write-downs of assets, but these adjustments do not typically impact cash levels.<br />
Surf Life Saving New Zealand Pelorus Trust Sports House, 93 Hutt Park Road, Seaview, Lower Hutt, Wellington 5010<br />
PO Box 39129, Wellington Mail Centre, Lower Hutt 5045. www.surflifesaving.org.nz
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