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Forecast Financial Statements
Forecast Profit and loss
For the year ended 30 June 2008
| Notes | 30 June 2008 $ |
|
| Income Government grant Other income Interest |
5,747,667 - 105,171 |
|
| Total income | 5,852,838 | |
| Expenditure Education 2007 review Research Retirement villages Schools and curriculum Workplace education programme Administration Audit fee Depreciation Rent Leasing Personnel |
2,195,000 262,000 100,000 215,000 190,000 2,056,000 239,119 12,900 30,581 62,400 10,000 891,198 |
|
| Subtotal | 6,264,198 | |
| Surplus/(deficit) for year | 1 | (411,360) |
Forecast Equity
For the year ended 30 June 2008
| 30 June 2008 $ |
|
| Equity at beginning of period Taxpayer funds Retained earnings |
200,000 411,395 |
| Surplus/(deficit) for year Equity at end of period Taxpayer funds Retained earnings |
611,395 (411,360) 200,000 35 |
| 200,035 |
Forecast Balance Sheet
For the year ended 30 June 2008
| 30 June 2008 $ |
|
| Total current assets Total non current assets |
594,687 76,377 |
| Total assets | 671,064 |
|
Total current liabilities |
471,029 - 200,035 |
| Total public equity & liabilities | 671,064 |
Forecast Cash Flows
For the year ended 30 June 2008
| 30 June 2008 $ |
|
| Cash flows from operating activities Cash will be provided from: Government grant and other sources Interest received Net GST |
5,747,667 |
|
Cash will be applied to: Payments to suppliers |
6,095,298
(7,562,665) |
|
Net cash flows/(outflows) from operating activities Cash flows from investing activities |
(7,562,665) (1,467,367) (10,000) |
| Net increase/(decrease) in cash held Plus opening cash balance |
(1,477,367)
1,959,484 |
| Closing cash | 482,117 |
NOTES
- The deficit in the Forecast Profit and Loss for the year ending 30 June 2008 will be funded out of the prior year retained surpluses.
