Financial report

FORM BUILDING A STATE OF CREATIVITY INC

20 F I N A N C I A L

R E P O R T

2017

FORM BUILDING A STATE OF CREATIVITY INC

FORM BUILDING A STATE OF CREATIVITY INC

FORM BUILDING A STATE OF CREATIVITY INC

C O N T E N T S _

FORM BUILDING A STATE OF CREATIVITY INC

Statement by Executive Board

1

Income Statement

2

Balance Sheet

3

Cash Flow Statement

4

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

10

Independent Audit Report

Operating, Project and Subsidies Grant Income

11

Net Surplus

11

Prepayments

11

Receivables

11

Inventories

12

Property, Plant and Equipment

13

Payables

13

Other Current Liabilities

13

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

15

Operating Rental / Lease Commitments

15

External Project Funds

16

Financial Instruments

16

Association Details

17

Auditors Independence Declaration 19

FORM BUILDING A STATE OF CREATIVITY INC

1

FORM BUILDING A STATE OF CREATIVITY INC

2

FORM BUILDING A STATE OF CREATIVITY INC

3

FORM BUILDING A STATE OF CREATIVITY INC

4

FORM BUILDING A STATE OF CREATIVITY INC

5

FORM BUILDING A STATE OF CREATIVITY INC

6

FORM BUILDING A STATE OF CREATIVITY INC

7

FORM BUILDING A STATE OF CREATIVITY INC

8

FORM BUILDING A STATE OF CREATIVITY INC

9

FORM BUILDING A STATE OF CREATIVITY INC

10

FORM BUILDING A STATE OF CREATIVITY INC

11

FORM BUILDING A STATE OF CREATIVITY INC

12

FORM BUILDING A STATE OF CREATIVITY INC

13

FORM BUILDING A STATE OF CREATIVITY INC

14

FORM BUILDING A STATE OF CREATIVITY INC

15

FORM BUILDING A STATE OF CREATIVITY INC

16

FORM BUILDING A STATE OF CREATIVITY INC

FORM BUILDING A STATE OF CREATIVITY INC

20

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

www.form.net.au