Summary of the Australian Greens' financial results in 2018.
By The Australian Greens
AUSTRALIAN GREENS (THE GREENS) INCORPORATED
Income and expenditure statement
for the year ended 30 June 2018
2018 |
2017 |
||
INCOME |
$ |
$ |
|
| Contributions from States | 1,114,629 | 895,452 | |
| Donations — Cash | 809,639 | 660,999 | |
| Donations — In-kind | - | 17,255 | |
| Bequests | 197,532 | 144,465 | |
| Federal MP Tithing | 104,684 | 106,364 | |
| Grants | 200,000 | 200,000 | |
| Meeting registrations | 40,975 | 26,125 | |
| Interest income | 19,562 | 16,320 | |
| Other Income | 49,295 | 96,386 | |
TOTAL INCOME |
2,536,316 |
2,163,366 |
|
EXPENSES |
|||
| Accommodation and Utilities | 8,802 | 32,266 | |
| Administration | 30,172 | 24,631 | |
| Advertising and Campaign Materials | 32,667 | 66,314 | |
| Consultants fees | 43,814 | 66,015 | |
| Contributions to Global Greens activities | 124,400 | 133,096 | |
| Donation and other allocations to States/Territories | 477,153 | 472,485 | |
| Fundraising expenses | 68,082 | 85,438 | |
| Research | 232,779 | 106,409 | |
| Meetings & Events | 45,306 | 54,493 | |
| Other Operating Costs | 14,756 | 65,244 | |
| Human Resource Costs | 859,926 | 863,053 | |
| Travel and Accommodation | 61,731 | 115,726 | |
| Website and systems hosting, maintenance and development | 139,145 | 93,909 | |
TOTAL EXPENSES |
2,138,733 |
2,179,079 |
|
NET SURPLUS/(DEFICIT) FROM ORDINARY ACTIVITIES |
397,583 |
(15,713) |
|
| Less Income Tax Expense | - | - | |
NET SURPLUS/(DEFICIT) AFTER INCOME TAX |
397,587 |
(15,713) |
Statement of financial position
as at 30 June 2018
2018 |
2017 |
||
ASSETS |
$ |
$ |
|
Current assets |
|||
| Cash and cash equivalents | 1,203,855 | 696,059 | |
| Accounts receivable and other debtors | 10,262 | 240,198 | |
| Other current assets | 8,615 | 12,680 | |
TOTAL CURRENT ASSETS |
1,222,732 |
948,937 |
|
Non-current assets |
|||
| Property, plant and equipment | 1,022 | 561 | |
TOTAL NON-CURRENT ASSETS |
1,022 |
561 |
|
TOTAL ASSETS |
1,223,754 |
949,498 |
|
LIABILITIES |
|||
| Accounts payable and other payables | 323,505 | 434,856 | |
| Employee Provisions | 150,374 | 162,354 | |
TOTAL LIABILITIES |
473,879 |
597,210 |
|
NET ASSETS |
749,875 |
352,288 |
|
EQUITY |
|||
| Retained earnings | 177,905 | 74,841 | |
| Reserves | 571,970 | 277,447 | |
TOTAL EQUITY |
749,875 |
352,288 |
Statement of cashflows
for the year ended 30 June 2018
2018 |
2017 |
||
CASH FLOWS FROM OPERATING ACTIVITIES |
$ |
$ |
|
| Receipts from States/Territories | 1,204,361 | 539,319 | |
| Donations, Bequests and Tithing | 1,111,855 | 911,828 | |
| Grants | - | 400,000 | |
| Interest Received | 19,562 | 16,318 | |
| Other Receipts | 452,504 | 395,223 | |
| Payments to States/Territories | (477,153) | (472,485) | |
| Payments to Suppliers and Employees | (1,733,418) | (1,995,781) | |
| GST Refunded by / (Paid to) ATO | (69,009) | (39,694) | |
Net cash provided/(used) by operating activities |
508,702 |
(245,272) |
|
CASH FLOWS FROM INVESTING ACTIVITIES |
|||
| Purchase of property, plant and equipment | (906) | - | |
Net cash (used) by investing activities |
(906) |
- |
|
Net (decrease )/increase in cash held |
507,796 |
(245,272) |
|
| Cash at beginning of financial year | 696,059 | 941,331 | |
Cash at end of financial year |
1,203,855 |
696,059 |
Please call the office on 1800 017 011 for a full copy of the audited financial report for 2018.