Summary financial results

2017-11-13

By The Australian Greens
 

AUSTRALIAN GREENS (THE GREENS) INCORPORATED

Income and expenditure statement
for the year ended 30 June 2017

 

2017

 

2016

INCOME

 $

 

 $

Contributions from States 895,452   870,564
Donations — Cash 660,999   1,948,490
Donations — In-kind 17,255   10,627
Bequests 144,465   166,767
Federal MP Tithing 106,364   112,471
Grants 200,000   229,519
Meeting registrations 26,125   41,117
Interest income 16,320   24,363
Other Income 96,386   59,219

TOTAL INCOME

2,163,366

 

3,463,137

EXPENSES

     
Accommodation and Utilities 32,266   45,155
Administration 24,631   49,962
Advertising and Campaign Materials 66,314   445,366
Consultants fees 66,015   43,238
Contributions to Global Greens activities 133,096   165,730
Donation and other allocations to States/Territories 472,485   1,518,048
Fundraising expenses 85,438   99,711
Research 106,409   168,635
Meetings & Events 54,493   51,308
Other Operating Costs 65,244   23,074
Staffing Costs 863,053   873,115
Travel and Accommodation 115,726   36,497
Website and database hosting and support 93,909   155,748

TOTAL EXPENSES

2,179,079

 

3,675,587

NET SURPLUS/(DEFICIT) FROM ORDINARY ACTIVITIES

(15,713)

 

(212,450)

Less Income Tax Expense -   -

NET SURPLUS/(DEFICIT) AFTER INCOME TAX

(15,713)

 

(212,450)

 

Statement of financial position
as at 30 June 2017

 

2017

 

2016

ASSETS

 $

 

 $

Current assets

     
Cash and cash equivalents 696,029   941,331
Accounts receivable and other debtors 240,198   398,454
Other current assets 12,680   9,284

TOTAL CURRENT ASSETS

948,937

 

1,349,069

Non-current assets

     
Property, plant and equipment 561   1,929

TOTAL NON-CURRENT ASSETS

561

 

1,929

TOTAL ASSETS

949,498

 

1,350,998

LIABILITIES

     
Accounts payable and other payables 434,856   817,978
Employee Provisions 162,354   165,019

TOTAL LIABILITIES

597,210

 

928,997

NET ASSETS

352,288

 

368,001

EQUITY

     
Retained earnings 74,841   52,828
Reserves 277,447   315,173

TOTAL EQUITY

352,288

 

368,001

 

Statement of cashflows
for the year ended 30 June 2017

 

2017

 

2016

CASH FLOWS FROM OPERATING ACTIVITIES

 $

 

 $

Receipts from States/Territories 539,319   1,264,533
Donations, Bequests and Tithing 911,828   2,227,728
Grants 400,000   -
Interest Received 16,318   24,363
Other Receipts 395,223   228,548
Payments to States/Territories (472,485)   (1,518,048)
Payments to Suppliers and Employees (1,995,781)   (2,229,044)
GST Refunded by / (Paid to) ATO (39,694)   (31,815)

Net cash provided/(used) by operating activities

(245,272)

 

(33,735)

CASH FLOWS FROM INVESTING ACTIVITIES

     
Purchase of property, plant and equipment -   (1,070)

Net cash (used) by investing activities

-

 

(1,070)

Net (decrease )/increase in cash held

(245,272)

 

(34,805)

Cash at beginning of financial year 941,331   976,136

Cash at end of financial year

696,059

 

941,331

Please call the office on 1800 017 011 for a full copy of the audited financial report for 2017.