SURF LIFE SAVING AUSTRALIA ANNUAL REPORT 2007–08

COMMERCIAL OPERATIONS (continued)
OPERATIONS REPORT
Table 4: Consolidated Five Year Financial Trends
2004
$’000
Revenue
Sponsorship 7,528 7,146 6,778 8,843 9,512
Government funding 2,118 3,934 4,220 7,694 7,407
Fundraising and donations 3,886 2,738 4,311 2,664 2,806
Contract revenue 3,605 3,779 3,540 4,224 1,872
Other revenue 681 672 958 1,100 1,233
Interest 494 443 410 452 481
Taxation imputation credit on donation – – – 280 –
Unrealised profi t on managed funds – – – 424 188
Profi t/(loss) on sale of fi xed assets (106) (14) (14) (81) 2,228
Sales 521 420 404 429 433
Royalty and trademark revenue 103 147 185 317 238
Club payments re rescue equipment 156 268 351 292 419
Competition entry fees 190 203 249 208 228
Hire of helicopter – – – 400 11
Redundancy reimbursement grant – – – – 269
Rotor blade grant – – – 230 –
Staff retention grant – – – 197 –
19,176 19,736 21,392 27,673 27,325
Expenses
Cost of Sales 319 235 218 250 261
Lifesaving 5,194 6,612 7,184 10,959 11,138
Competitions 3,270 2,665 3,012 4,124 4,630
Administration of lifesaving and competitions 1,437 2,110 1,969 1,865 2,350
Helicopter administration 1,510 1,846 1,817 1,416 1,177
Helicopter operations and engineering 4,870 4,741 5,676 4,982 4,482
Helicopter fundraising 1,019 995 1,189 1,215 1,080
Building works 3 – – – –
17,622 19,204 21,065 24,811 25,118
Income Statements
Revenue 19,176 19,763 21,392 27,673 27,325
Expenses 17,622 19,204 21,065 24,811 25,118
1,554 532 327 2,862 2,207
Borrowing costs 46 27 52 53 31
Surplus from Ordinary Activities 1,508 505 275 2,809 2,176
Increase in Asset Revaluation Reserve 1,490 0 0 0 0
Surplus for Period 2,998 505 275 2,809 2,176
Balance Sheets
Total Assets 21,482 23,149 30,539 31,954 32,393
Total Liabilities 3,687 4,849 11,964 10,570 8,833
Net Assets 17,795 18,300 18,575 21,384 23,560
34 SURF LIFE SAVING AUSTRALIA—ANNUAL REPORT 2007–08
2005
$’000
2006
$’000
2007
$’000
2008
$’000