Operating income

904,889

Government grant – baseline funding

904,889

822,222

13,400

Interest

8,700

13,475

-

Bad debts and associated costs recovered

33,438

-

455,400

Application fees and costs recoverable

6

410,839

460,870

1,373,689

Total operating income

1,357,866

1,296,567

Income for litigation fund matters

-

Recovery of costs

-

12,375

40,000

Interest

37,378

40,077

40,000

Total litigation fund income

37,378

52,452

1,413,689

Total income

1,395,244

1,349,019

Operating expenditure

3,520

Audit fees

3,500

3,500

-

Bad debts written off

-

31,996

-

Bad debts provision

-

10,000

-

Debt collection fees

12,981

2,893

25,000

Communication charges

26,322

24,410

260,000

Members’ fees

3

288,283

258,432

34,400

Printing and stationery

22,792

34,252

125,000

Consultants and legal

72,701

97,207

37,400

Services and supplies

32,469

31,731

82,000

Travel and accommodation

57,608

76,559

20,950

Use of assets

25,177

35,557

911,400

Securities Commission services

842,339

787,852

1,499,670

Total operating expenditure

1,384,172

1,394,389

-

Expenditure on litigation fund matters

23,386

12,375

1,499,670

Total expenditure

1,407,558

1,406,764

(85,981)

Net operating surplus (deficit) before transfer to litigation fund

(12,314)

(57,745)

(40,000)

Transfer to litigation fund

(13,992)

(40,077)

$(125,981)

Net surplus (deficit)

$(26,306)

$(97,822)

Current assets

9,244

Cash

6,959

6,206

86,431

Short term deposits – other

235,024

166,431

779,285

Short term deposit – litigation fund

747,448

733,909

822

Interest receivable – other

87

822

-

Interest receivable – litigation fund

5,829

5,376

154,536

Sundry debtors and prepayments

120,192

182,605

(10,000)

Less provision for bad debts

(10,000)

(10,000)

3,387

Prepayment for use of assets

5

-

20,950

1,023,705

Total current assets

1,105,539

1,106,299

Non-current assets

840

Prepayment for use of assets

5

-

4,227

$1,024,545

Total assets

$1,105,539

$1,110,526

Current liabilities

35,980

Creditors and accruals

40,270

35,980

3,991

GST payable

7,028

3,991

39,971

Total current liabilities

47,298

39,971

Equity

205,289

Accumulated funds

304,964

331,270

779,285

Litigation fund

4

753,277

739,285

984,574

Total equity

1,058,241

1,070,555

$1,024,545

Total equity and liabilities

$1,105,539

$1,110,526