|
STATEMENT OF INTENT
2007/2008 - 2010
FORECAST STATEMENT OF FINANCIAL POSITION
as at 30 June 2008
| |
Forecast
as at
30 June 2008
$ |
Forecast
as at
30 June 2007
$ |
| Current assets |
| Cash and cash equivalents |
194,765 |
335,465 |
| Cash and cash equivalents - litigation fund |
76,392 |
76,392 |
| Short term deposit - litigation fund |
591,278 |
616,378 |
| Interest receivable - other |
1,440 |
1,440 |
| Interest receivable - litigation fund |
5,370 |
5,370 |
| Trade and other receivables |
102,395 |
92,395 |
| Less provision for bad debts |
(10,000) |
(10,000) |
| Total current assets |
961,640 |
1,117,440 |
| Total assets |
$961,640 |
$1,117,440 |
| Current liabilities |
| Trade and other payables |
86,115 |
71,115 |
| GST payable |
11,760 |
11,760 |
| Total current liabilities |
97,875 |
82,875 |
| Equity |
| Accumulated funds |
190,725 |
336,425 |
| Litigation fund |
673,040 |
698,140 |
| Total equity |
863,765 |
1,034,565 |
| Total equity and liabilities |
$961,640 |
$1,117,440 |
FORECAST STATEMENT OF CHANGES IN EQUITY
For the year ended 30 June 2008
| |
Forecast
12 months to
30 June 2008
$ |
Forecast
12 months to
30 June 20076
$ |
| Equity at start of period |
| Accumulated funds |
336,425 |
3346,362 |
| Litigation fund |
698,140 |
638,798 |
| Equity at start of year |
1,034,565 |
985,160 |
| Operating surplus (deficit) |
(145,700) |
(9,935) |
| Litigation fund surplus (deficit) |
(25,100) |
59,340 |
| Total recognised revenues and expenses |
(170,800) |
49,405 |
| Increase / (reduction) in equity |
(170,800) |
49,405 |
| Equity at end of period |
$863,765 |
$1,034,565 |
| Comprising |
|
|
| Accumulated funds |
190,725 |
336,425 |
| Litigation fund |
673,040 |
698,140 |
| Equity at end of period |
$863,765 |
$1,034,565 |
FORECAST STATEMENT OF CASH FLOWS
For the year ended 30 June 2008
|
Forecast 12 months to 30 June 2008
$ |
Forecast 12 months to 30 June 2007
$ |
| Cash flows from operating activities |
| Cash was provided from: |
| Government appropriation |
1,344,000 |
1,344,000 |
| Government litigation fund |
- |
49,669 |
| Application fees & costs recoverable |
354,000 |
382,997 |
| Interest |
71,400 |
69,051 |
| Cash was disbursed to: |
| Suppliers |
(1,935,200) |
(1,697,005) |
| Net cash inflow (outflow) from operating activities |
(165,800) |
148,712 |
| Cash flows from investing activities |
| Cash was provided from: |
| Net decrease in bank deposits |
25,100 |
- |
| Cash was applied to: |
| Net increase in bank deposits |
- |
(19,071) |
| Net cash inflow (outflow) from investing activities |
25,100 |
(19,071) |
| Net increase (decrease) in cash balance |
(140,700) |
129,641 |
| Add opening cash balance |
411,857 |
282,216 |
| Closing cash balance carried forward |
$271,157 |
$411,857 |
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