Canine Control Council (Queensland) Ltd

ABN: 45 160 285 192

Directors’ Report (continued)

Auditor’s Independence Declaration

The lead auditor’s independence declaration for the year ended 31 December 2022 has been received and can be found on page 11 of the financial report.

This directors’ report is signed in accordance with a resolution of the Board of Directors.

Ulla Greenwood Carolyn Ryan President Director Junior Vice President Director

Dated 28 February 2023

UNDER SECTION 307C OF THE CORPORATIONS ACT 2001 TO THE DIRECTORS OF CANINE CONTROL COUNCIL (QUEENSLAND) LTD

I declare that, to the best of my knowledge and belief, during the year ended Saturday, 31 December 2022, there have been no contraventions of:

(a) the auditor independence requirements of the Corporations Act 2001 in relation to the audit; and

(b) any applicable code of professional conduct in relation to the audit.

PKF BRISBANE AUDIT

CAMERON BRADLEY PARTNER

BRISBANE

28 FEBRUARY 2023

CANINE CONTROL COUNCIL (QUEENSLAND) LTD

ABN: 45 160 285 192

Statement Of Profit Or Loss And Other Comprehensive Income For The Year Ended 31 December 2022

The accompanying notes form part of these financial statements.

CANINE CONTROL COUNCIL(QUEENSLAND) LTD

ABN: 45 160285 192

CANINE CONTROL COUNCIL (QUEENSLAND) LTD

ABN: 45 160 285 192

Statement Of Financialposition As At 31 December 2022

Statement Of Financial Position As At 31 December 2022

The accompanying notes form part of these financial statements.

Theaccompanyingnotes form part of thesefinancialstatements.

CANINE CONTROL COUNCIL (QUEENSLAND) LTD

ABN: 45 160 285 192

Statement Of Changes In Equity For The Year Ended 31 December 2022

The accompanying notes form part of these financial statements.

CANINE CONTROL COUNCIL (QUEENSLAND) LTD

ABN: 45 160 285 192

Statement Of Cash Flows For The Year Ended 31 December 2022

Cash Flows From Financing Activities

The accompanying notes form part of these financial statements.

Notes To The Financial Statements For The Year Ended 31 December 2022

Note 1 Summary of Significant Accounting Policies Basis of Preparation

Theses general purpose financial statements have been prepared in accordance with Australian Accounting Standards – Simplified Disclosures issued by the Australian Accounting Standards Board (AASB) and the Corporations Act 2001 . The Company is a not-for-profit Company for financial reporting purposes under Australian Accounting Standards.

Australian Accounting Standards set out accounting policies that the AASB has concluded would result in financial statements containing relevant and reliable information about transactions, events and conditions. Material accounting policies adopted in the preparation of these financial statements are presented below and have been consistently applied unless stated otherwise.

The financial statements, except for the cash flow information, have been prepared on an accrual basis and are based on historical costs, modified, where applicable, by the measurement at fair value of selected non-current assets, financial assets and financial liabilities. The amounts presented in the financial statements have been rounded to the nearest dollar.

Critical accounting estimates

The preparation of the financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Entity’s accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in Note 2.

New or amended Accounting Standards and Interpretations adopted

The Entity has adopted all of the new or amended Accounting Standards and Interpretations issued by the Australian Accounting Standards Board ('AASB') that are mandatory for the current reporting period.

Any new or amended Accounting Standards or Interpretations that are not yet mandatory have not been early adopted.

Accounting Policies

a. Revenue and Other Income

The company recognises revenue as follows:

Revenue from contracts with customers

Revenue is recognised at an amount that reflects the consideration to which the company is expected to be entitled in exchange for transferring goods or services to a customer. For each contract with a customer, the company: identifies the contract with a customer; identifies the performance obligations in the contract; determines the transaction price which takes into account estimates of variable consideration and the time value of money; allocates the transaction price to the separate performance obligations on the basis of the relative stand-alone selling price of each distinct good or service to be delivered; and recognises revenue when or as each performance obligation is satisfied in a manner that depicts the transfer to the customer of the goods or services promised.

Variable consideration within the transaction price, if any, reflects concessions provided to the customer such as discounts, rebates and refunds, any potential bonuses receivable from the customer and any other contingent events. Such estimates are determined using either the 'expected value' or 'most likely amount' method. The measurement of variable consideration is subject to a constraining principle whereby revenue will only be recognised to the extent that it is highly probable that a significant reversal in the amount of cumulative revenue recognised will not occur. The measurement constraint continues until the uncertainty associated with the variable consideration is subsequently resolved. Amounts received that are subject to the constraining principle are recognised as a refund liability.

Notes To The Financial Statements For The Year Ended 31 December 2022

Note 1 Summary of Significant Accounting Policies Interest

Interest revenue is recognised as interest accrues using the effective interest method.

Lease Receivable

Lease receivable revenue is recognised when it is received or when the right to receive payment is established.

Other revenue b. Unearned revenue c Inventories d. Property, Plant and Equipment

Other revenue is recognised when it is received or when the right to receive payment is established.

Unearned revenue includes Membership, Affiliation, Advertising and other fees paid to the Company. These fees are initially recognised as unearned revenue and are progressively recognised as income over the period to which they relate. The unearned portion of these fees at 31 December is included in the account 'Unearned revenue'.

Inventories held for sale are measured at the lower of cost and net realisable value. Inventories held for distribution are measured at cost adjusted, when applicable, for any loss of service potential.

Inventories acquired at no cost, or for nominal consideration, are valued at the current replacement cost as at the date of acquisition.

Each class of property, plant and equipment is carried at cost or fair value as indicated, less, where applicable, accumulated depreciation and any impairment losses.

Freehold property

Freehold land and buildings are stated at historical cost less accumulated depreciation and impairment Historical cost includes expenditure that is directly attributable to the acquisition of the properties.