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2003 Financial
Statements
Profit and Loss for NSWRA
For Operating Year 2003
|
Administration
Events
|
Equipment
ARA Levy + Insurance
Executive
Membership
Newsletter
Promotion
Stock
|
-$730.10
-$10,680.00
-$944.28
$10,729.00
-$9,616.45
-$1,027.00
$185.00
$13,748.93 |
|
Profit (Loss) |
. |
$1,665.10 |
Commentary:
- Profit below budget.
- Significant increase in insurance ($10.6k actual v $3k budget) partially offset by increase event returns and increase memberships.
- Budget for 2004 to make a profit of around $3000 in line with overall target of $20,000 capital.
- This is to minimise any cash flow issues ($10,000 is our working capital requirement), and self-insure against full event loss.
Balance Sheet for NSWRA
As At 31/12/03
|
| Assets |
Current Cash at Bank
Non Current
Total |
$15,772.37
$0.00
$15,772.37 |
Liabilities
|
Current
Non Current
Total |
$0.00
$0.00
$0.00 |
Members' Equity
|
Accumulated Surpluses
Total |
$15,772.37
$15,772.37 |
Cash Movements for NSWRA
For Period 1/1/03 - 31/12/03
|
| Opening Balance |
$14,552.38 |
Current Period Operating Result
Non Current Period Movements |
$1,665.10
-$445.11 |
| Closing Balance |
$15,772.37 |
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