Annual Report 2021
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Statement of Changes in Net Assets / Equity<br />
For the year ended 30 June <strong>2021</strong><br />
Statement of Cash Flow<br />
For the year ended 30 June <strong>2021</strong><br />
<strong>2021</strong> 2020<br />
<strong>2021</strong> 2020<br />
Accumulated comprehensive revenue and expense<br />
Opening balance 1,457,194 1,400,954<br />
Comprehensive revenue / (expense) for the year (31,353) 56,240<br />
CLOSING BALANCE 1,425,841 1,457,194<br />
Statement of Financial Position<br />
As at 30 June <strong>2021</strong><br />
Current assets<br />
<strong>2021</strong> 2020<br />
Cash and cash equivalents (Note 9) 2,320,708 2,746,678<br />
Prepayments 27,305 37,366<br />
Receivables from exchange transactions 14,077 11,487<br />
Receivables from non-exchange transactions 277,015 199,973<br />
Non-current assets<br />
2,639,105 2,995,504<br />
Property, plant and equipment (Note 10) 34,546 48,744<br />
Intangible assets (Note 11) 83,191 0<br />
Cash flows from operating activities<br />
Revenue from contracts and grants 2,654,701 3,112,285<br />
Cash receipts from other operating activities 95,208 105,730<br />
Interest received 7,673 24,051<br />
Net movement in KiwiSport funds (454,016) (143,908)<br />
Net movement in Tū Manawa Active Aotearoa funds 534,606 0<br />
Payments to suppliers and employees (3,174,957) (2,768,089)<br />
GST 15,199 (11,687)<br />
(321,586) 318,382<br />
Cash flows from investing activities<br />
Payment for property plant and equipment, and intangibles (104,384) (55,714)<br />
NET CASH FLOWS (425,970) 262,669<br />
Cash balances<br />
Cash and cash equivalents at 1 July 2020 2,746,678 2,484,009<br />
Cash and cash equivalents at 30 June <strong>2021</strong> (Note 9) 2,320,708 2,746,678<br />
NET CHANGE IN CASH FOR THE PERIOD (425,970) 262,669<br />
TOTAL ASSETS 2,756,842 3,044,248<br />
Current liabilities<br />
Accruals 91,605 158,743<br />
Employee entitlements 110,921 105,402<br />
Payables from exchange transactions 91,900 54,097<br />
GST payable 42,358 15,564<br />
Income in advance (Note 15) 393,766 790,828<br />
Tū Manawa Active Aotearoa (Note 16) 534,606 0<br />
Direct Fund (Note 16) 57,441 0<br />
KiwiSport (Note 16) 8,404 462,420<br />
TOTAL LIABILITIES 1,331,001 1,587,054<br />
NET ASSETS 1,425,841 1,457,194<br />
Equity<br />
Accumulated comprehensive revenue and expense 1,425,841 1,457,194<br />
TOTAL NET ASSETS 1,425,841 1,457,194<br />
These financial statements should be read in conjunction with the notes to the financial statements<br />
These financial statements should be read in conjunction with the notes to the financial statements<br />
46 <strong>Annual</strong> report<br />
<strong>Annual</strong> report<br />
47
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