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Scouts SA Annual Report 2016

SCOUTS SA ANNUAL REPORT 2016 CONCISE FINANCIAL Report The Scout Association of Australia, South Australian Branch Concise Financial Report for the year ended 31 March 2016. Statement of profit or loss and other comprehensive income for the year ended 31 March 2016 3 2016 $ 2015 $ Revenue from commercial fundraising activities 22,676,099 23,855,568 Rental income (Arena) 60,627 - Changes in inventories 139,278 58,794 Materials and consumables used (13,718,582) (14,456,950) Other income 2,969,298 3,803,779 Employee wages and on-cost (7,655,282) ( 7,511,088) Depreciation expenses (870,118) ( 818,394) Rental expense (697,806) ( 674,638) Finance costs expense (211,942) ( 211,658) Finance and administration expense (1,513,728) ( 1,824,105) Repairs and maintenance expense (474,815) ( 561,121) Other expenses from ordinary activities (1,516,180) ( 1,358,496) Share of net (loss) of joint venture entity (Recycling) (160,434) - Share of net profit/(loss) of joint venture entity (Arena) - 20,007 Profit/(Loss) before income tax (973,585) 321,698 Income tax benefit/(expense) (Arena) 131 (4,612) Profit/(Loss) for the year (973,454) 317,086 Other comprehensive income after income tax Net gain / (loss) on revaluation of financial assets (1,661,135) 385,236 Revaluation gain on jointly controlled asset (Arena) - 884,470 Other comprehensive income for the year, net of tax (1,661,135) 1,269,706 Total comprehensive income for the year ( 2,634,589) 1,586,792 Statement of financial position as at 31 March 2016 2016 $ 2015 $ Current Assets Cash and cash equivalents 1,381,701 2,138,872 Trade and other receivables 1,204,743 1,238,957 Inventories 795,269 655,990 Other current assets 169,102 255,131 Total Current Assets 3,550,815 4,288,950 Non-Current Assets Trade and other receivables - - Financial assets 7,363,688 9,170,378 Investments accounted for using the equity method 9,571 9,441 Property, plant & equipment 27,131,746 26,879,660 Intangible assets 80,000 80,000 Total Non-Current Assets 34,585,005 36,139,479 Total Assets 38,135,820 40,428,429 Current Liabilities Trade and other payables 1,000,298 1,196,579 Short term financial liabilities 391,693 315,676 Short term provisions 413,179 392,869 Total Current Liabilities 1,805,169 1,905,124 Non-Current Liabilities Trade and other payables 113,109 113,109 Financial liabilities 3,766,506 3,424,139 Long term provisions 775,318 675,750 Total Non-Current Liabilities 4,654,933 4,212,998 Total Liabilities 6,460,103 6,118,121 Net Assets 31,675,718 34,310,307 Equity Reserves 31,675,718 34,310,307 Total Equity 31,675,718 34,310,307 Statement of cash flows for the year ended 31 March 2016 2016 $ 2015 $ Cash Flows From Operating Activities Receipts from customers 25,122,456 26,443,350 Interest received 30,932 37,196 Dividends received 557,890 674,678 Payments to suppliers and employees (25,584,224) (25,989,629) Borrowing costs (241,172) ( 264,028) Net cash provided by/(used in) operating activities (114,119) 901,567 Cash Flows from Investing Activities Purchase of financial assets (1,906,776) (2,195,042) Sale of financial assets 1,901,952 2,451,463 Purchase of property, plant and equipment (1,150,212) ( 900,968) Proceeds from sale of plant and equipment 93,600 66,500 Proceeds from sale of property - 719,333 Net cash provided by/(used in) investing activities (1,061,436) 141,286 Cash Flows from Financing Activities Proceeds from borrowings 1,112,605 3,689,447 Repayment of borrowings (694,221) (4,034,573) Net cash (used in)/provided by financing activities 418,384 ( 345,126) Net increase/(decrease) in cash held (757,171) 697,727 Cash and cash equivalents at the beginning of the year 2,138,872 1,441,145 Cash and cash equivalents at the end of the year 1,381,701 2,138,872 The financial report represents a concise version of the audited statutory financial report for the year ended 31 March 2016.


Scouts SA Annual Report 2016
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