Annual Report 2011 - ACEM

STATEMENT OF CHANGES
IN ACCUMULATED FUNDS
for the year ended 30 June 2011
STATEMENT OF CASH FLOWS
for the year ended 30 June 2011
Note
Retained
Surpluses
$
Financial
Assets Reserve
$
Balance at 1 July 2009 11,550,570 (869,634) 10,680,936
Surplus for the year ended 30 June 2010 1,597,851 - 1,597,851
Total other comprehensive income for the year - 277,039 277,039
Balance at 30 June 2010 13,148,421 (592,595) 12,555,826
Surplus for the year ended 30 June 2011 1,929,668 - 1,929,668
Total other comprehensive income for the year - 196,113 196,113
BALANCE AT 30 JUNE 2011 15,078,089 (396,482) 14,681,607
For a description of reserves, refer Note 16.
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from fellows and trainees 5,255,938 4,302,564
Receipts from DOHA Project funding 6,081,580 -
Receipts from investments 113,625 133,926
Payments to suppliers and employees (3,439,584) (3,102,569)
Interest received 286,750 119,779
Cash fl ow from conferences (165,270) 88,521
Cash fl ow from Journal of Emergency Medicine Australasia (5,122) (6,683)
Net cash provided by operating activities 14 8,127,917 1,535,537
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property (131,797) (52,034)
Purchase of plant and equipment (204,794) (122,696)
Sale of plant and equipment 2,677 -
Purchase of available-for-sale investments (682,000) (473,153)
Sale of available-for-sale investments 257,853 162,190
Purchase of other unlisted investments (3,754,960) (2,254,959)
Sale of other unlisted investments 2,254,949 -
Purchase of website improvements (44,490) (49,079)
Net cash used in investing activities (2,302,562) (2,789,731)
Net increase/(decrease) in cash and cash equivalents held 5,825,355 387,568
Cash and cash equivalents at beginning of year 3,110,719 4,364,913
Cash at cash equivalents end of year 5 8,936,074 3,110,719
The accompanying notes form part of these fi nancial statements.
Note
2011
$
Total
$
The accompanying notes form part of these fi nancial statements.
2010
$
ACEM Annual Report 2011
47