YMAC Annual Report 2022

Notes to the Consolidated Financial Statements
as at 30 June 2022
NOTE 3 - ECONOMIC DEPENDENCY
Yamatji Marlpa Aboriginal Corporation is an association incorporated under the Corporations (Aboriginal and Torres
Strait Islander) Act 2006 (CATSI).
YMAC is dependent on funding from the Commonwealth of Australia for its continued existence and ability to carry
on its normal activities.
NOTE 4 - SUBSEQUENT EVENTS
There have been no significant events subsequent to the balance sheet date identified.
2022 2021
NOTE 5 - INCOME $ $
Note 5A Rendering of Services
Rendering of services to:
External entities 6,617,474 6,410,749
Total rendering of services 6,617,474 6,410,749
Note 5B Interest
Deposits 34,502 126,006
Total finance income 34,502 126,006
Note 5C Sales of Assets
Plant and equipment:
Proceeds from disposal 75,500 -
Net book value of assets disposed (4,916) (5,571)
Net profit from disposal of plant and equipment 70,584 (5,571)
Note 5D Other Gains
Other grants:
Staffing 1,868,107 1,525,992
Expenses and capital 36,478 45,128
Other Income 541,668 2,164,450
Total Other 2,446,253 3,735,570
64 | Yamatji Marlpa Aboriginal Corporation | Annual Report 2022