 |
ANNUAL REPORT 2006
STATEMENT OF MOVEMENTS IN EQUITY
for the year ended 30 June 2006
Budget
2006
$ |
|
Note |
Actual
2006
$ |
Actual
2005
$ |
|
|
|
Equity at start of year |
306,402 |
Accumulated funds |
|
306,402 |
304,964
|
708,871 |
Litigation fund |
|
708,871 |
753,277
|
|
|
|
|
1,015,273 |
Equity at start of year |
1,015,273 |
1,058,241 |
|
|
|
|
55,050 |
Operating surplus |
39,959 |
1,438 |
| 48,600 |
Litigation fund surplus (deficit) |
|
(70,074) |
48,594 |
|
|
|
|
103,650 |
Total recognised revenues and expenses |
|
(30,115) |
50,032 |
| - |
Part return of litigation fund to the Crown |
|
- |
(93,000) |
|
|
|
|
| 103,650 |
Increase (reduction) in equity |
|
(30,115) |
(42,968) |
|
|
|
|
$1,118,923 |
Equity at end of year |
|
$985,158 |
$1,015,273 |
|
|
|
|
|
|
Comprising:
|
361,452 |
Accumulated funds |
|
346,361 |
306,402 |
757,471 |
Litigation fund |
5 |
638,797 |
708,871 |
|
|
|
|
$1,118,923 |
Equity at end of year |
|
$985,158 |
$1,015,273 |
|
|
|
|
|
STATEMENT OF CASH FLOWS
for the year ended 30 June 2006
Budget
2006
$ |
| Note
| Actual
2006
$ |
Actual
2005
$ |
|
|
| |
Cash flows from operating activities |
| |
Cash was provided from: |
| 1,344,000 |
Government grant |
|
1,344,000 |
1,072,000
|
| - |
Government litigation fund |
|
- |
- |
| 521,791 |
Application fees and costs recoverable |
|
407, 888 |
487,498
|
| 1,000 |
Bad debts recovered |
|
- |
2,292
|
| 58,100 |
Interest |
|
74,619 |
55,773
|
| |
Cash was disbursed to:
|
| (1,839,529) |
Suppliers |
|
(1,980,197) |
(1,480,780)
|
|
|
|
|
85,362 |
Net cash inflow (outflow) from operating activities |
7 |
(153,690) |
136,783 |
|
|
|
|
| |
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 |
|
103,399 |
46,741 |
| |
Cash was applied to:
|
| (348,600) |
Net increase in bank deposits |
|
- |
-
|
|
|
|
|
| (348,600) |
Net cash inflow (outflow) from investing activities |
|
103,399 |
46,741
|
|
|
|
|
(263,238) |
Net increase (decrease) in cash balance |
|
(50,291) |
90,524
|
332,507 |
Add opening cash balance |
|
332,507 |
241,983
|
|
|
|
|
$69,269 |
Closing cash balance carried forward |
|
$282,216 |
$ 332,507 |
|
|
|
|
|
The accompanying notes form part of these financial statements.
|
|
