SURF LIFE SAVING AUSTRALIA ANNUAL REPORT 2007–08

22. NOTES TO THE STATEMENT OF CASH FLOWS
22 (a) Reconciliation of Cash
For the purposes of the Cash Flows Statement, cash includes cash on hand and in banks and investments in money
market instruments, net of outstanding bank overdrafts. Cash at the end of the fi nancial year as shown in the statement
of cash fl ows is reconciled to the related items in the balance sheet as follows:
2008
$
Consolidated Parent Entity
Cash at bank 1,293,793 2,231,432 688,485 1,825,785
Interest bearing deposits 6,004,941 5,041,780 4,139,462 2,720,350
Bartercard In Kind 59,549 65,079 – –
22 (b) Reconciliation of cash fl ows from operations
with profi t after income tax
2007
$
2008
$
2007
$
7,358,283 7,338,291 4,827,947 4,546,135
Profi t after income tax 2,176,136 2,809,286 41,254 1,017,401
Loss/(profi t) on disposal of non-current assets (2,227,855) 81,392 5,563 2,543
Unrealised profi t on managed funds (188,225) (423,643) (146,843) (423,643)
Interest accrued (32,713) – – –
Depreciation on non-current assets 1,375,268 1,566,051 205,514 181,003
Amortisation of non-current assets 32,354 97,065 – –
Change in net assets and liabilities
(Increase)/decrease in trade and other receivables (196,381) (24,410) (498,917) 499,151
(Increase)/decrease in inventories 165,766 45,023 70,578 3,046
Increase/(decrease) in trade and other payables 136,170 (387,465) 91,078 (534,262)
Increase/(decrease) in income in advance (685,533) (1,126,236) (603,920) (1,179,944)
Increase/(decrease) in current provisions (114,613) (167,653) 45,989 (28,893)
Increase/(decrease) in non current provisions (81,951) 18,878 8,642 3,042
Net cash provided by operating activities 358,423 2,488,288 (781,062) (460,556)
SURF LIFE SAVING AUSTRALIA LIMITED AND ITS CONTROLLED ENTITIES—ACN 003 147 180
SECTION 03—FINANCIAL STATEMENTS
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