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Summary of Financial Information
AUSTRALIAN NURSING AND MIDWIFERY FEDERATION NEW SOUTH WALES BRANCH Summary of Financial Information for the Year Ended 30 June 2022
The financial statements of the Australian Nursing and Midwifery Federation New South Wales Branch have been audited in accordance with the provisions of the Industrial Relations Act, 1991 and the following summary is provided for members in accordance with Section 517(2) of the Act, as applied by section 282(3) of the Industrial Relations Act, 1996.
A copy of the Financial Statements, including the independent Audit Report, will be supplied free of charge to members upon request. Certificates required to be given under the Act by the Committee of Management have been completed in accordance with the provisions of the Act and contain no qualifications.
SUMMARY STATEMENT OF PROFIT OR LOSS OR OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2022
2022 ($) 2021 ($)
Service fee – NSW Nurses and Midwives’ Association (NSWNMA) 27,000,000 25,050,091 Interest income 31,635 53,836 Other income 212,542 569,632 Total income 27,244,177 25,673,559 Less total expenditure (26,863,281) (24,688,916) Result for the year 380,896 984,643 Remeasurement of retirement benefit obligations 378,358 426,610 Total comprehensive income for the year 759,254 1,411,253
SUMMARY BALANCE SHEET AS AT 30 JUNE 2022
Total equity Represented by: Current assets Non-current assets Total assets Current liabilities Non-current liabilities Total liabilities Net assets 2,564,193 1,804,939
6,820,682 7,765,857 5,786,857 4,241,732 12,607,539 12,007,589 9,631,622 9,256,778 411,724 945,872 10,043,346 10,202,650 2,564,193 1,804,939
INFORMATION TO BE PROVIDED TO MEMBERS OR REGISTRAR
In accordance with the requirements of the Industrial Relations Act, 1991 [NSW] the attention of members is drawn to the provisions of Sub-Sections (1) and (2) of Section 512 which read as follows: (1) A member of an organisation, or the
Industrial Registrar, may apply to the organisation for specified information prescribed by the regulations in relation to the organisation. (2) An organisation must, on the making of such an application, make the specified information available to the member or the
Industrial Registrar in the manner, and within the time, prescribed by the regulations.
REPORT OF THE INDEPENDENT AUDITOR ON THE SUMMARY FINANCIAL STATEMENTS TO THE MEMBERS OF THE AUSTRALIAN NURSING AND MIDWIFERY FEDERATION NEW SOUTH WALES BRANCH Opinion
The summary financial statements, which comprise the summary balance sheet as at 30 June 2022 and the summary statement of profit or loss and other comprehensive income for the year then ended are derived from the audited financial report of Australian Nursing and Midwifery Federation New South Wales Branch for the year ended 30 June 2022. In our opinion, the accompanying summary financial statements are a fair summary of the audited financial report.
Summary Financial Statements
The summary financial statements do not contain all the disclosures required by Section 510 of the Industrial Relations Act, 1991 [NSW] or Australian Accounting Standards. Reading the summary financial statements and the auditor’s report thereon, therefore, is not a substitute for reading the audited financial report and the auditor’s report thereon.
We expressed an unmodified audit opinion on the audited financial report in our report dated 11 October 2022. Our Independent Auditor’s Report to the members on the Financial Report did not contain any particulars of any deficiency, failure or shortcoming as referred to in the Industrial Relations Act 1991 [NSW], as applied by Section 282(3) of the Industrial Relations Act, 1996.
Committee of Management’s Responsibility for the Summary Financial Statements
The Committee of Management is responsible for the preparation of the summary financial statements.
Auditor’s Responsibility
Our responsibility is to express an opinion on whether the summary financial statements are a fair summary of the audited financial report based on our procedures, which were conducted in accordance with Auditing Standard ASA 810 Engagements to Report on Summary Financial Statements.
Daley Audit
Michael Mundt Partner 11 October 2022, Wollongong Liability limited by a scheme approved under Professional Standards Legislation
A copy of the Financial Report, including the Independent Audit Report, is available to members on the Member Central portal accessed via www.nswnma.asn.au. Members can obtain a hard copy by emailing the Branch Secretary, ANMF (NSW Branch) at gensec@nswnma.asn.au or calling 1300 367 962.
