Statement Of Changes in Equity for the year ended 30 June 2022

Accumulated

Pennant Hills GC Foundation Memorial Gates Course Development

Total Members’ Funds Reserve Reserve Reserve Funds $ $ $ $ $

Balance at 1 July 2020 5,322,547 25,336 15,500 10,766 5,374,149 Surplus Attributable to Members 792,304 - - - 792,304 Surplus from Pennant Hills GC Foundation Donations 35,375 - - - 35,375 Transfer to Pennant Hills GC Foundation Reserve (35,375) 35,375 - - - Donations to Memorial Gates 1,500 - - - 1,500 Transfer to Memorial Gates Reserve (1,500) - 1,500 - - Transfer to Pennant Hills GC Foundation Reserve - 17,000 (17,000) - - Utilisation of Course Development Reserve 25,243 - - - 25,243 Transfer from Course Development Fund (25,243) - - 25,243 - Balance at 30 June 2021 6,114,851 77,711 - 36,009 6,228,571 Surplus Attributable to Members 619,892 - - - 619,892 Surplus from Pennant Hills GC Foundation Donations 32,600 - - - 32,600 Transfer to Pennant Hills GC Foundation Reserve (32,600) 32,600 - - - Donations to Memorial Gates 5,000 - - - 5,000 Transfer to Memorial Gates Reserve (5,000) - 5,000 - - Transfer to Pennant Hills GC Foundation Reserve - 5,000 (5,000) - - Utilisation of Course Development Fund (36,009) - - - (36,009) Transfer from Course Development Reserve 36,009 - - (36,009) - Balance at 30 June 2022 6,734,743 115,311 - - 6,850,054

The accompanying Notes form part of these Financial Statements and should be read in conjunction herewith.