 |
ANNUAL REPORT 2005
STATEMENT OF MOVEMENTS IN EQUITY
for the year ended 30 June 2005
Budget
2005
$ |
|
Note |
Actual
2005
$ |
Actual
2004
$ |
|
|
|
Equity at start of year |
304,964 |
Accumulated funds |
|
304,964 |
331,270
|
753,277 |
Litigation fund |
|
753,277 |
739,285
|
 |
|
|
|
$1,058,241 |
Equity at start of year |
$1,058,241 |
$1,070,555 |
|
|
|
|
(78,311) |
Operating surplus |
1,438 |
(26,306) |
| 38,000 |
Litigation fund surplus/(deficit) |
|
48,594 |
13,992 |
|
|
|
|
(40,311) |
(Total recognised revenues and expenses) |
|
50,032 |
(12,314) |
| - |
Part return of litigation fund to the Crown |
|
(93,000) |
- |
|
|
|
|
| (40,311) |
Increase/(reduction) in equity |
|
(42,968) |
(12,314) |
|
|
|
|
$1,017,930 |
Equity at end of year |
|
$1,015,273 |
$1,058,241 |
|
|
|
|
|
|
Comprising:
|
226,653 |
Accumulated funds |
|
306,402 |
304,964 |
791,277 |
Litigation fund |
5 |
708,871 |
753,277 |
|
|
|
|
$1,017,930 |
Equity at end of year |
|
$1,015,273 |
$1,058,241 |
|
|
|
|
|
STATEMENT OF CASH FLOWS
for the year ended 30 June 2005
Budget
2005
$ |
| Note
| Actual
2005
$ |
Actual
2004
$ |
|
|
| |
Cash flows from operating activities |
| |
Cash was provided from: |
| 904,889 |
Government grant |
|
1,072,000 |
904,889
|
| - |
Government litigation fund |
|
- |
- |
| 424,897 |
Application fees and costs recoverable |
|
487,498 |
469,851
|
| 5,000 |
Bad debts recovered |
|
2,292 |
33,438
|
| 46,700 |
Interest |
|
55,773 |
46,360
|
| |
Cash was disbursed to:
|
| (1,396,219) |
Suppliers |
|
(1,480,780) |
(1,371,653)
|
|
|
|
|
(14,733) |
Net cash inflow (outflow) from operating activities |
7 |
136,783 |
82,885 |
|
|
|
|
| |
Cash flows from financing activities |
| |
Cash was disbursed to: |
| |
Part return of litigation fund to the Crown |
|
(93,000) |
|
|
|
|
|
| - |
Net cash inflow (outflow) from financing activities |
|
(93,000) |
|
|
|
|
|
| |
Cash flows from investing activities |
|
|
|
| |
Cash was provided from: |
|
|
|
| - |
Net decrease in bank deposits |
|
46,741 |
- |
| |
Cash was applied to:
|
| (23,386) |
Net increase in bank deposits |
|
- |
(13,539)
|
|
|
|
|
| (23,386) |
Net cash inflow (outflow) from investing activities |
|
46,741 |
(13,539)
|
|
|
|
|
(38,119) |
Net increase (decrease) in cash balance |
|
90,524 |
69,346
|
| 241,983 |
Add opening cash balance |
|
241,983 |
172,637
|
|
|
|
|
$203,864 |
Closing cash balance carried forward |
|
$332,507 |
$241,983 |
|
|
|
|
|
The accompanying notes form part of these financial statements.
|
|
