2011-12 Annual Report - Howick Pakuranga Cricket Club
2011-12 Annual Report - Howick Pakuranga Cricket Club
2011-12 Annual Report - Howick Pakuranga Cricket Club
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NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 MARCH 20<strong>12</strong><br />
NOTE 9<br />
BAR INCOME<br />
20<strong>12</strong> <strong>2011</strong><br />
$ $<br />
Bar Income 40,297 45,673<br />
Bar Costs<br />
Purchases 20,275 22,633<br />
Wages 8,332 8,340<br />
Equipment 1,995 2,057<br />
Other 224 188<br />
GROSS PROFIT from Bar 9,471 <strong>12</strong>,455<br />
NOTE 10<br />
INTERNATIONAL FINANCIAL REPORTING STANDARDS<br />
On 14 th September 2007 the Financial <strong>Report</strong>ing Standards Board decided that mandatory adoption of New Zealand<br />
Equivalents to International Financial <strong>Report</strong>ing Standards (NZ IFRS) should be delayed for certain small companies<br />
and entities that are not subject to the Financial <strong>Report</strong>ing Act 1993. <strong>Howick</strong> <strong>Pakuranga</strong> <strong>Cricket</strong> <strong>Club</strong> Inc. meets the<br />
criteria and as such is not required to adopt NZ IFRS.<br />
NOTE 11<br />
SUBSEQUENT EVENTS<br />
The Executive Committee are not aware of any other matters or circumstances since the end of the reporting period,<br />
not otherwise dealt with in these financial statements, that have significantly affected or may significantly affect the<br />
operations of the <strong>Club</strong>.<br />
NOTE <strong>12</strong><br />
BANK OVERDRAFT / SECURITY<br />
The ASB bank overdraft facility is secured against the buildings.<br />
NOTE 13<br />
GOING CONCERN<br />
These financial statements have been prepared on a going concern basis.<br />
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