Annual Report 2021/2022
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36 Aktive <strong>Annual</strong> <strong>Report</strong> <strong>2021</strong>/<strong>2022</strong> Aktive <strong>Annual</strong> <strong>Report</strong> <strong>2021</strong>/<strong>2022</strong> 37<br />
STATEMENT OF COMPREHENSIVE REVENUE AND EXPENSE<br />
Aktive | For the year ended 30 June <strong>2022</strong><br />
REVENUE<br />
Revenue from non-exchange transactions<br />
Notes <strong>2022</strong> <strong>2021</strong><br />
Tu Manawa / KiwiSport funding 2 5,519,154 6,064,949<br />
Sport New Zealand other funding 2 9,261,908 11,483,193<br />
Other grants/non exchange contract revenue 2 2,320,661 2,035,186<br />
Total Revenue from non-exchange transactions 17,101,723 19,583,327<br />
Revenue from exchange transactions<br />
Other operating revenue - rendering of services 499,109 484,974<br />
Interest Received 54,234 76,427<br />
Total Revenue from exchange transactions 553,343 561,401<br />
TOTAL REVENUE 17,655,066 20,144,728<br />
STATEMENT OF FINANCIAL POSITION<br />
Aktive | As at 30 June <strong>2022</strong><br />
ASSETS<br />
Current Assets<br />
Notes <strong>2022</strong> <strong>2021</strong><br />
Cash and cash equivalents 5 3,450,552 1,078,513<br />
Short term investments 6 3,078,631 3,043,795<br />
Receivables from exchange contracts 53,481 43,211<br />
Receivables from non-exchange contracts 941,731 941,731<br />
GST receivable 248,290 74,944<br />
Prepayments 26,073 37,255<br />
Total Current Assets 7,798,759 5,219,448<br />
Non-Current Assets<br />
Property, Plant and Equipment 7 237,674 209,168<br />
Total Non-Current Assets 237,674 209,168<br />
TOTAL ASSETS 8,036,433 5,428,617<br />
EXPENSES<br />
Employee and volunteer related costs 3 2,817,467 2,736,425<br />
Functions and events 5,440 16,957<br />
Grants and donations made 3 13,355,401 15,829,784<br />
Depreciation and amortisation 7 85,264 61,608<br />
Interest expense 24 533<br />
Other expenses 3 1,420,391 1,292,472<br />
TOTAL EXPENSES 17,683,988 19,937,778<br />
LIABILITIES<br />
Current Liabilities<br />
Trade and other payables - from exchange contracts 2,828.439 563,552<br />
Employee benefits 164,651 158,613<br />
Loans and borrowings - short term portion 9 - 1,173<br />
Income in advance 8 3,873,670 3,530,429<br />
Other non-other current liabilities 29,179 5,433<br />
Total Current Liabilities 6,895,939 4,259,200<br />
Surplus for the Year (28,922) 206,950<br />
Other Comprehensive Revenue and Expenses - -<br />
TOTAL COMPREHENSIVE REVENUE AND EXPENSES (28,922) 206,950<br />
Total Liabilities 6,895,939 4,259,200<br />
NET ASSETS 1,140,494 1,169,416<br />
STATEMENT OF CHANGES IN NET ASSETS/EQUITY<br />
Aktive | For the year ended 30 June <strong>2022</strong><br />
Notes <strong>2022</strong> <strong>2021</strong><br />
EQUITY<br />
Accumulated comprehensive revenue and expense 502,494 894,416<br />
Reserve fund for continued operations 10 638,000 275,000<br />
TOTAL EQUITY 1,140,494 1,169,416<br />
NET ASSETS/EQUITY<br />
Accumulated comprehensive revenue and expense<br />
Opening Balance 894,416 787,467<br />
Current Year Surplus 10 (28,922) 206,950<br />
Transfer to Reserve fund for continued operations (363,000) (100,000)<br />
Total Accumulated comprehensive revenue and expense 502,494 894,416<br />
Reserve fund for continued operations<br />
Opening Balance 275,000 175,000<br />
Transfers from Retained Earnings 10 363,000 100,000<br />
Total Reserve fund for continued operations 638,000 275,000<br />
TOTAL NET ASSETS/EQUITY 1,140,494 1,169,416<br />
These financial statements should be read in conjunction with the following ‘Statement of Accounting Policies’ and ‘Notes to the Financial Statements’.<br />
These financial statements should be read in conjunction with the following ‘Statement of Accounting Policies’ and ‘Notes to the Financial Statements’.
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