australian swimming 93rd annual report 2001/2002
australian swimming 93rd annual report 2001/2002
australian swimming 93rd annual report 2001/2002
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46 finance<br />
Statement of Financial Performance for the Year Ended 30 June <strong>2002</strong><br />
note <strong>2002</strong> <strong>2001</strong><br />
classification by nature $ $<br />
Revenues from ordinary activities 2 10,683,094 7,763,538<br />
Employee expenses 1,289,486 1,130,728<br />
Depreciation and amortisation expenses 131,489 49,060<br />
Other expenses from ordinary activities 9,610,226 6,005,244<br />
Surplus from ordinary activities 3 348,107 578,506<br />
Transfer form Reserves 3 250,073<br />
Increase in Reserves 11 650,000<br />
Total changes in equity 12 98,034 1,228,506<br />
The accompanying notes form part of this financial <strong>report</strong>.<br />
Statement of Financial Position as at 30 June <strong>2002</strong><br />
note <strong>2002</strong> <strong>2001</strong><br />
current assets $ $<br />
Cash assets 4 1,526,343 1,455,673<br />
Receivables 5 685,608 640,967<br />
Inventories 6 40,765 9,430<br />
Other 7 206,087 693,909<br />
TOTAL CURRENT ASSETS 2,458,803 2,799,979<br />
non-current assets<br />
Property, plant and equipment 8 1,472,967 1,553,597<br />
TOTAL NON-CURRENT ASSETS 1,472,967 1,553,597<br />
TOTAL ASSETS 3,931,770 4,353,576<br />
current liabilities<br />
Payables 9 2,360,854 2,781,246<br />
Provisions 10 148,602 248,051<br />
TOTAL CURRENT LIABILITIES 2,509,456 3,029,297<br />
non-current liabilities<br />
TOTAL NON-CURRENT LIABILITIES 0 0<br />
TOTAL LIABILITIES 0 3,029,297<br />
NET ASSETS 1,422,314 1,324,279<br />
equity<br />
Reserves 11 650,000<br />
Retained surplus 12 772,314 674,279<br />
TOTAL EQUITY 1,422,314 1,324,279<br />
The accompanying notes form part of this financial <strong>report</strong>.
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