Financial report

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FORM BUILDING A STATE OF CREATIVITY INC

20 F I N A N C I A L

R E P O R T

2017


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C O N T E N T S _


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Statement by Executive Board

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Income Statement

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Balance Sheet

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Cash Flow Statement

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Statement of Changes In Equity

5

Notes to Financial Statements

6

Summary of Significant Accounting Policies

9

Gallery Sales, Visitor Centre, CafĂŠ and Spinifex Hill Studio Income

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Independent Audit Report

Operating, Project and Subsidies Grant Income

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Net Surplus

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Prepayments

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Receivables

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Inventories

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Property, Plant and Equipment

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Payables

13

Other Current Liabilities

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Provisions

14

Retained Surplus

14

Components of cash and cash equivalents

14

Reconciliation of net surplus to net cash (used in) /provided by operating activities

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Operating Rental / Lease Commitments

15

External Project Funds

16

Financial Instruments

16

Association Details

17

Auditors Independence Declaration 19


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39 Gugeri Street Claremont, Western Australia, 6010 E: mail@form.net.au T: +61 8 9226 2799

www.form.net.au


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