australian swimming 93rd annual report 2001/2002

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46 finance Statement of Financial Performance for the Year Ended 30 June 2002 note 2002 2001 classification by nature $ $ Revenues from ordinary activities 2 10,683,094 7,763,538 Employee expenses 1,289,486 1,130,728 Depreciation and amortisation expenses 131,489 49,060 Other expenses from ordinary activities 9,610,226 6,005,244 Surplus from ordinary activities 3 348,107 578,506 Transfer form Reserves 3 250,073 Increase in Reserves 11 650,000 Total changes in equity 12 98,034 1,228,506 The accompanying notes form part of this financial report. Statement of Financial Position as at 30 June 2002 note 2002 2001 current assets $ $ Cash assets 4 1,526,343 1,455,673 Receivables 5 685,608 640,967 Inventories 6 40,765 9,430 Other 7 206,087 693,909 TOTAL CURRENT ASSETS 2,458,803 2,799,979 non-current assets Property, plant and equipment 8 1,472,967 1,553,597 TOTAL NON-CURRENT ASSETS 1,472,967 1,553,597 TOTAL ASSETS 3,931,770 4,353,576 current liabilities Payables 9 2,360,854 2,781,246 Provisions 10 148,602 248,051 TOTAL CURRENT LIABILITIES 2,509,456 3,029,297 non-current liabilities TOTAL NON-CURRENT LIABILITIES 0 0 TOTAL LIABILITIES 0 3,029,297 NET ASSETS 1,422,314 1,324,279 equity Reserves 11 650,000 Retained surplus 12 772,314 674,279 TOTAL EQUITY 1,422,314 1,324,279 The accompanying notes form part of this financial report.
Statement of Cash Flows for the Year Ended 30 June 2002 47 note 2002 2001 cash flows from operating activities $ $ Receipts from Operating Income 10,542,675 8,537,066 Operating Expenses 10,297,234 (8,310,820) Net cash provided by operating activities 17b 245,431 226,246 cash flows from investing activities Fixed asset purchases (268,875) (833,506) Australian Swimming Foundation 0 0 Net cash provided (used) by investing activities (268,875) (833,506) cash flows from financing activities Interest received 14,605 36,452 Other Investment Income 79,509 112,064 Net cash used in financing activities 94,114 148,516 Net increase/(decrease) in cash held 70,670 (458,744) Cash at the beginning of the financial year 1,455,673 1,914,417 Cash at the end of the financial year 17a 1,526,343 1,455,673 The accompanying notes form part of this financial report. Notes to the Financial Statements for the Year Ended 30 June 2002 NOTE 1 R statement of significant accounting policies This financial report is a general purpose financial report that has been prepared in accordance with Australian Accounting Standards and the requirements of the ACT Association Incorporation ACT 1984. The financial report covers Australian Swimming Inc. as an individual entity. Australian Swimming Inc. is an Association incorporated in the ACT under the ACT Association Incorporation Act 1984. The financial report has been prepared on an accruals basis and is based on historical costs and does not take into account changing money values or, except where stated, current valuations of non-current assets. Cost is based on the fair values of the consideration given in exchange for assets. The following is a summary of the material accounting policies adopted by the Association in the preparation of the financial report. The accounting policies have been consistently applied, unless otherwise stated. a Income Tax The Association is a not for profit organisation and therefore should not be liable for income tax from monies earned during the year. b Inventories Inventories consist of various publications and videos and are measured at the lower of cost and net realisable value. Costs are assigned on a specific identification basis and include direct costs and appropriate overheads, if any.
Page 1 and 2: australian swimming 93rd annual rep
Page 3 and 4: contents 03 Foreword 04 Message fro
Page 5 and 6: Telstra is proud to have again been
Page 7 and 8: don talbot Former National Head Coa
Page 9 and 10: Education and Development R Educati
Page 11 and 12: Having consolidated the team, the C
Page 13 and 14: International Competition Program I
Page 15 and 16: 2001 Telstra Swimmer of the Year Aw
Page 17 and 18: Australian Swimming website and mos
Page 19 and 20: Conference on the Gold Coast. The f
Page 21 and 22: Highlights in the pool fina world c
Page 23 and 24: The Committee and the National Yout
Page 25 and 26: Australian Swimming is on a high an
Page 27 and 28: The 2001-2002 season was again an e
Page 29 and 30: Victoria and in NSW. It will also a
Page 31 and 32: Northern Territory Northern Territo
Page 33 and 34: R Volunteers—To show our apprecia
Page 35 and 36: clementine stoney 2001 Female Backs
Page 37 and 38: WA Swimming has worked closely with
Page 39 and 40: The Wide World of Sports coverage f
Page 41 and 42: Qantas Qantas renewed their sponsor
Page 43 and 44: at Fisher & Paykel events. A media
Page 45: Board Report Your board members sub
Page 49 and 50: Notes to the Financial Statements F
Page 55 and 56: Statement by Members of the Board I
Page 57 and 58: state delegates Mr Colin Davis TAS
Page 59 and 60: national office structure Australia
Page 61 and 62: High Performance Coaching Grants 20
Page 63 and 64: leisel jones 2001 Female Breaststro
Page 65 and 66: 6th FINA World Short Course Champio
Page 67 and 68: 2002 Oceania Championships 8-13 Jun
Page 69 and 70: 2001 University Summer Games 22 Aug
Page 71 and 72: 2002 Telstra Australian Championshi
Page 73 and 74: 2001 Telstra Australian Short Cours
Page 75 and 76: 2002 Australian Age Championships R
Page 77 and 78: Summary of Records Created in Austr
Page 79 and 80: Australian Club Records R Long Cour
Page 81 and 82: Records Created in Australia and Ov
Page 83 and 84: Australian Age Records R continued

australian swimming 93rd annual report 2001/2002

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