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					    ABC ABORIGINAL COMMUNITY
CONTROLLED HEALTH ORGANISATION INC.

MANAGEMENT FINANCIAL STATEMENTS
  FOR THE PERIOD ENDED 31 DECEMBER 2005




      80df0bdd-4fbc-4393-a2ba-e8edfd37282a.xls   Page 1
                             INDEX

PAGE NO:

    3                  Balance Sheet

    4                  Consolidated Summary Profit and Loss Statement

  5-6                  Consolidated Detailed Profit and Loss Statement

  7 - 18               Program - Periodic Financial Statements

                       NOTATIONS

   19                  Statement of Accounting Policies

   20                  Cash at Bank

   20                  Schedule of Grants

   21                  Plant and Equipment

   21                  Lease & Hire Purchase Liabilities

   22                  Schedule of Insurances




           80df0bdd-4fbc-4393-a2ba-e8edfd37282a.xls                      Page 2
             ABC ABORIGINAL COMMUNITY CONTROLLED HEALTH ORGANISATION INC.
                                    BALANCE SHEET
                                AS AT 31 DECEMBER 2005



                                                      Notes      2006      2005
                                                                   $         $
CURRENT ASSETS
  Cash at Bank                                          2
  Accounts Receivable                                   3
  Petty Cash
  Property Bond
                                                                      -       -

CURRENT LIABILITIES
  Accounts Payable & Accruals                           4
  GST & PAYG Payable
  Superannuation Payable
  Provision for Employee Entitlements                   5
  Lease & Hire Purchase                                 8
  Bank Loans                                            9
  Unexpended Grants                                     6
                                                                      -       -

NET CURRENT ASSETS                                                    -       -

NON CURRENT ASSETS
 Property, Plant, Vehicles & Equipment                  7
 Less: Depreciation
                                                                      -       -

NON CURRENT LIABILITIES
 Provision for Employee Entitlements                    5             -       -
 Lease & Hire Purchase                                  8
 Bank Loans                                             9
                                                                      -       -

NET ASSETS                                                            -       -




EQUITY
  Members Funds at 30th June 2005
  Capital Grants Expended
  Depreciation for the year
  Profit / (Loss) on Fixed Assets
  Surplus/(Deficit)

MEMBERS FUNDS AT 31 DECEMBER 2005                                     -       -




                                80df0bdd-4fbc-4393-a2ba-e8edfd37282a.xls          Page 3
                    ABC ABORIGINAL COMMUNITY CONTROLLED
                          HEALTH ORGANISATION INC.

                CONSOLIDATED SUMMARY PROFIT AND LOSS STATEMENT
                     FOR THE PERIOD ENDED 31 DECEMBER 2005



                                                                                           PRIOR YEAR
                                                   ACTUAL       BUDGET         VARIANCE      ACTUAL
                                                   YEAR TO      YEAR TO        ACTUAL vs     YEAR TO
                                                 DATE 2005/06 DATE 2005/06      BUDGET     DATE 2004/05


INCOME

TOTAL GRANT INCOME                                         -               -          -            -

TOTAL NON-GRANT INCOME                                     -               -          -            -

TOTAL INCOME                                               -               -          -            -



EXPENDITURE
TOTAL SALARIES & WAGES                                     -               -          -            -

TOTAL OTHER EXPENDITURE                                    -               -          -            -

TOTAL CAPITAL EXPENDITURE                                  -               -          -            -

TOTAL EXPENDITURE                                          -               -          -            -

Less: Unexpended Grants c/fwd

SURPLUS / (DEFICIT) c/fwd to Members Funds                 -               -          -            -




                                80df0bdd-4fbc-4393-a2ba-e8edfd37282a.xls                         Page 4
                      ABC ABORIGINAL COMMUNITY CONTROLLED
                            HEALTH ORGANISATION INC.

                  CONSOLIDATED SUMMARY PROFIT AND LOSS STATEMENT
                       FOR THE PERIOD ENDED 31 DECEMBER 2005



                                                                                             PRIOR YEAR
                                                     ACTUAL       BUDGET         VARIANCE      ACTUAL
                                                     YEAR TO      YEAR TO        ACTUAL vs     YEAR TO
                                                   DATE 2005/06 DATE 2005/06      BUDGET     DATE 2004/05


INCOME

RECURRENT GRANT INCOME
Unexpended Grant B/Fwd
OATSIH - Grant Income
NSW Dept of Health - Grant Income
Other Funding Agencies - Grant Income
TOTAL GRANT INCOME                                           -               -          -            -

NON - GRANT INCOME
Self Generated Other Income
Fee for Service Income
Administration Support
TOTAL NON-GRANT INCOME                                       -               -          -            -

TOTAL INCOME                                                 -               -          -            -



EXPENDITURE
SALARIES & WAGES
Salaries & Wages
Superannuation
Annual Leave
Sick Leave
Long Service Leave
Workers Compensation
Leave Fares
Relief Salaries
Rental Subsidy
Staff Recruitment
Staff Training & Development
TOTAL SALARIES & WAGES                                       -               -          -            -

OTHER EXPENDITURE
Accounting Fees
Administration Costs
Audit Fees
Bank Charges
Cleaning Expenses
Computer Expenses
Consultants Fees
Depreciation
Electricity
Insurance - General




                                  80df0bdd-4fbc-4393-a2ba-e8edfd37282a.xls                         Page 5
                                                                                           PRIOR YEAR
                                                   ACTUAL       BUDGET         VARIANCE      ACTUAL
                                                   YEAR TO      YEAR TO        ACTUAL vs     YEAR TO
                                                 DATE 2005/06 DATE 2005/06      BUDGET     DATE 2004/05
Insurance - Medical Indemnity
Lease & Hire Purchase Charges
Legal Expenses
Meeting Expenses
Motor Vehicle Expenses
Office Supplies
Postage & Courier Costs
Printing & Stationery
Repairs & Maint Equipment
Repairs & Maint Buildings
Staff Amenities
Subscriptions & Publications
Telephone
Travel & Accom Committee
Travel & Accom Staff
TOTAL OTHER EXPENDITURE                                    -               -          -            -

CAPITAL EXPENDITURE
Office Furniture & Equipment
Computer Equipment
Motor Vehicles
Building Improvements
Plant & Equipment
TOTAL CAPITAL EXPENDITURE                                  -               -          -            -

TOTAL EXPENDITURE                                          -               -          -            -

Less: Unexpended Grants c/fwd

SURPLUS / (DEFICIT) c/fwd to Members Funds                 -               -          -            -




                                80df0bdd-4fbc-4393-a2ba-e8edfd37282a.xls                         Page 6
                     ABC ABORIGINAL COMMUNITY CONTROLLED
                           HEALTH ORGANISATION INC.

                               PERIODIC FINANCIAL STATEMENT
                          FOR THE PERIOD ENDED 31 DECEMBER 2005


PROGRAM NAME:
FUNDING ID #:

                                                                  ACTUAL       BUDGET       VARIANCE
                                                                  YEAR TO      YEAR TO      ACTUAL vs
                                                                DATE 2005/06 DATE 2005/06    BUDGET


INCOME

RECURRENT GRANT INCOME
Unexpended Grant B/Fwd
OATSIH - Grant Income
Self Generated Other Income
Fee for Service Income
Administration Support
TOTAL INCOME                                                               -         -             -


EXPENDITURE
SALARIES & WAGES
Salaries & Wages
Superannuation
Annual Leave
Sick Leave
Long Service Leave
Workers Compensation
Leave Fares
Relief Salaries
Rental Subsidy
Staff Recruitment
Staff Training & Development
TOTAL SALARIES & WAGES                                                     -         -             -

OTHER EXPENDITURE
Accounting Fees
Administration Costs
Audit Fees
Bank Charges
Cleaning Expenses
Computer Expenses
Consultants Fees
Depreciation
Electricity
Insurance - General
Insurance - Medical Indemnity
Lease & Hire Purchase Charges




                                80df0bdd-4fbc-4393-a2ba-e8edfd37282a.xls                         Page 7
                                                                 ACTUAL       BUDGET       VARIANCE
                                                                 YEAR TO      YEAR TO      ACTUAL vs
                                                               DATE 2005/06 DATE 2005/06    BUDGET
Legal Expenses
Meeting Expenses
Motor Vehicle Expenses
Office Supplies
Postage & Courier Costs
Printing & Stationery
Repairs & Maint Equipment
Repairs & Maint Buildings
Staff Amenities
Subscriptions & Publications
Telephone
Travel & Accom Committee
Travel & Accom Staff
TOTAL OTHER EXPENDITURE                                                   -         -             -

CAPITAL EXPENDITURE
Office Furniture & Equipment
Computer Equipment
Motor Vehicles
Building Improvements
Plant & Equipment
TOTAL CAPITAL EXPENDITURE                                                 -         -             -

TOTAL EXPENDITURE                                                         -         -             -


UNEXPENDED FUNDS - SURPLUS / (DEFICIT)                                    -         -             -




                               80df0bdd-4fbc-4393-a2ba-e8edfd37282a.xls                         Page 8
                     ABC ABORIGINAL COMMUNITY CONTROLLED
                           HEALTH ORGANISATION INC.

                               PERIODIC FINANCIAL STATEMENT
                          FOR THE PERIOD ENDED 31 DECEMBER 2005


PROGRAM NAME:
FUNDING ID #:

                                                                 ACTUAL       BUDGET       VARIANCE
                                                                 YEAR TO      YEAR TO      ACTUAL vs
                                                               DATE 2005/06 DATE 2005/06    BUDGET


INCOME

RECURRENT GRANT INCOME
Unexpended Grant B/Fwd
OATSIH - Grant Income
Self Generated Other Income
Fee for Service Income
Administration Support
TOTAL INCOME                                                               -        -             -


EXPENDITURE
SALARIES & WAGES
Salaries & Wages
Superannuation
Annual Leave
Sick Leave
Long Service Leave
Workers Compensation
Leave Fares
Relief Salaries
Rental Subsidy
Staff Recruitment
Staff Training & Development
TOTAL SALARIES & WAGES                                                     -        -             -

OTHER EXPENDITURE
Accounting Fees
Administration Costs
Audit Fees
Bank Charges
Cleaning Expenses
Computer Expenses
Consultants Fees
Depreciation
Electricity
Insurance - General
Insurance - Medical Indemnity
Lease & Hire Purchase Charges
Legal Expenses
Meeting Expenses




                                80df0bdd-4fbc-4393-a2ba-e8edfd37282a.xls                        Page 9
                                                                ACTUAL       BUDGET       VARIANCE
                                                                YEAR TO      YEAR TO      ACTUAL vs
                                                              DATE 2005/06 DATE 2005/06    BUDGET
Motor Vehicle Expenses
Office Supplies
Postage & Courier Costs
Printing & Stationery
Repairs & Maint Equipment
Repairs & Maint Buildings
Staff Amenities
Subscriptions & Publications
Telephone
Travel & Accom Committee
Travel & Accom Staff
TOTAL OTHER EXPENDITURE                                                   -        -             -

CAPITAL EXPENDITURE
Office Furniture & Equipment
Computer Equipment
Motor Vehicles
Building Improvements
Plant & Equipment
TOTAL CAPITAL EXPENDITURE                                                 -        -             -

TOTAL EXPENDITURE                                                         -        -             -


UNEXPENDED FUNDS - SURPLUS / (DEFICIT)                                    -        -             -




                               80df0bdd-4fbc-4393-a2ba-e8edfd37282a.xls                       Page 10
                      ABC ABORIGINAL COMMUNITY CONTROLLED
                            HEALTH ORGANISATION INC.

                                PERIODIC FINANCIAL STATEMENT
                           FOR THE PERIOD ENDED 31 DECEMBER 2005


PROGRAM NAME:
FUNDING ID #:

                                                                 ACTUAL       BUDGET       VARIANCE
                                                                 YEAR TO      YEAR TO      ACTUAL vs
                                                               DATE 2005/06 DATE 2005/06    BUDGET


INCOME

RECURRENT GRANT INCOME
Unexpended Grant B/Fwd
OATSIH - Grant Income
Self Generated Other Income
Fee for Service Income
Administration Support
TOTAL INCOME                                                               -        -             -


EXPENDITURE
SALARIES & WAGES
Salaries & Wages
Superannuation
Annual Leave
Sick Leave
Long Service Leave
Workers Compensation
Leave Fares
Relief Salaries
Rental Subsidy
Staff Recruitment
Staff Training & Development
TOTAL SALARIES & WAGES                                                     -        -             -

OTHER EXPENDITURE
Accounting Fees
Administration Costs
Audit Fees
Bank Charges
Cleaning Expenses
Computer Expenses
Consultants Fees
Depreciation
Electricity
Insurance - General
Insurance - Medical Indemnity




                                80df0bdd-4fbc-4393-a2ba-e8edfd37282a.xls                       Page 11
                                                                 ACTUAL       BUDGET       VARIANCE
                                                                 YEAR TO      YEAR TO      ACTUAL vs
                                                               DATE 2005/06 DATE 2005/06    BUDGET
Lease & Hire Purchase Charges
Legal Expenses
Meeting Expenses
Motor Vehicle Expenses
Office Supplies
Postage & Courier Costs
Printing & Stationery
Repairs & Maint Equipment
Repairs & Maint Buildings
Staff Amenities
Subscriptions & Publications
Telephone
Travel & Accom Committee
Travel & Accom Staff
TOTAL OTHER EXPENDITURE                                                    -        -             -

CAPITAL EXPENDITURE
Office Furniture & Equipment
Computer Equipment
Motor Vehicles
Building Improvements
Plant & Equipment
TOTAL CAPITAL EXPENDITURE                                                  -        -             -

TOTAL EXPENDITURE                                                          -        -             -


UNEXPENDED FUNDS - SURPLUS / (DEFICIT)                                     -        -             -




                                80df0bdd-4fbc-4393-a2ba-e8edfd37282a.xls                       Page 12
                     ABC ABORIGINAL COMMUNITY CONTROLLED
                           HEALTH ORGANISATION INC.

                               PERIODIC FINANCIAL STATEMENT
                          FOR THE PERIOD ENDED 31 DECEMBER 2005


PROGRAM NAME:
FUNDING ID #:

                                                                 ACTUAL       BUDGET       VARIANCE
                                                                 YEAR TO      YEAR TO      ACTUAL vs
                                                               DATE 2005/06 DATE 2005/06    BUDGET


INCOME

RECURRENT GRANT INCOME
Unexpended Grant B/Fwd
OATSIH - Grant Income
Self Generated Other Income
Fee for Service Income
Administration Support
TOTAL INCOME                                                               -        -             -


EXPENDITURE
SALARIES & WAGES
Salaries & Wages
Superannuation
Annual Leave
Sick Leave
Long Service Leave
Workers Compensation
Leave Fares
Relief Salaries
Rental Subsidy
Staff Recruitment
Staff Training & Development
TOTAL SALARIES & WAGES                                                     -        -             -

OTHER EXPENDITURE
Accounting Fees
Administration Costs
Audit Fees
Bank Charges
Cleaning Expenses
Computer Expenses
Consultants Fees
Depreciation
Electricity
Insurance - General
Insurance - Medical Indemnity
Lease & Hire Purchase Charges
Legal Expenses
Meeting Expenses
Motor Vehicle Expenses
Office Supplies
Postage & Courier Costs
Printing & Stationery



                                80df0bdd-4fbc-4393-a2ba-e8edfd37282a.xls                       Page 13
                                                                ACTUAL       BUDGET       VARIANCE
                                                                YEAR TO      YEAR TO      ACTUAL vs
                                                              DATE 2005/06 DATE 2005/06    BUDGET
Repairs & Maint Equipment
Repairs & Maint Buildings
Staff Amenities
Subscriptions & Publications
Telephone
Travel & Accom Committee
Travel & Accom Staff
TOTAL OTHER EXPENDITURE                                                   -        -             -

CAPITAL EXPENDITURE
Office Furniture & Equipment
Computer Equipment
Motor Vehicles
Building Improvements
Plant & Equipment
TOTAL CAPITAL EXPENDITURE                                                 -        -             -

TOTAL EXPENDITURE                                                         -        -             -


UNEXPENDED FUNDS - SURPLUS / (DEFICIT)                                    -        -             -




                               80df0bdd-4fbc-4393-a2ba-e8edfd37282a.xls                       Page 14
                     ABC ABORIGINAL COMMUNITY CONTROLLED
                           HEALTH ORGANISATION INC.

                               PERIODIC FINANCIAL STATEMENT
                          FOR THE PERIOD ENDED 31 DECEMBER 2005


PROGRAM NAME:
FUNDING ID #:

                                                                     ACTUAL       BUDGET       VARIANCE
                                                                     YEAR TO      YEAR TO      ACTUAL vs
                                                                   DATE 2005/06 DATE 2005/06    BUDGET


INCOME

RECURRENT GRANT INCOME
Unexpended Grant B/Fwd
NSW Dept of Health - Grant Income
Self Generated Other Income
Fee for Service Income
Administration Support
TOTAL INCOME                                                                   -        -             -


EXPENDITURE
SALARIES & WAGES
Salaries & Wages
Superannuation
Annual Leave
Sick Leave
Long Service Leave
Workers Compensation
Leave Fares
Relief Salaries
Rental Subsidy
Staff Recruitment
Staff Training & Development
TOTAL SALARIES & WAGES                                                         -        -             -

OTHER EXPENDITURE
Accounting Fees
Administration Costs
Audit Fees
Bank Charges
Cleaning Expenses
Computer Expenses
Consultants Fees
Depreciation
Electricity
Insurance - General
Insurance - Medical Indemnity
Lease & Hire Purchase Charges
Legal Expenses
Meeting Expenses
Motor Vehicle Expenses




                                    80df0bdd-4fbc-4393-a2ba-e8edfd37282a.xls                       Page 15
                                                                ACTUAL       BUDGET       VARIANCE
                                                                YEAR TO      YEAR TO      ACTUAL vs
                                                              DATE 2005/06 DATE 2005/06    BUDGET
Office Supplies
Postage & Courier Costs
Printing & Stationery
Repairs & Maint Equipment
Repairs & Maint Buildings
Staff Amenities
Subscriptions & Publications
Telephone
Travel & Accom Committee
Travel & Accom Staff
TOTAL OTHER EXPENDITURE                                                   -        -             -

CAPITAL EXPENDITURE
Office Furniture & Equipment
Computer Equipment
Motor Vehicles
Building Improvements
Plant & Equipment
TOTAL CAPITAL EXPENDITURE                                                 -        -             -

TOTAL EXPENDITURE                                                         -        -             -


UNEXPENDED FUNDS - SURPLUS / (DEFICIT)                                    -        -             -




                               80df0bdd-4fbc-4393-a2ba-e8edfd37282a.xls                       Page 16
                      ABC ABORIGINAL COMMUNITY CONTROLLED
                            HEALTH ORGANISATION INC.

                                PERIODIC FINANCIAL STATEMENT
                           FOR THE PERIOD ENDED 31 DECEMBER 2005


PROGRAM NAME:
FUNDING ID #:

                                                                   ACTUAL       BUDGET       VARIANCE
                                                                   YEAR TO      YEAR TO      ACTUAL vs
                                                                 DATE 2005/06 DATE 2005/06    BUDGET


INCOME

RECURRENT GRANT INCOME
Unexpended Grant B/Fwd
Other Funding Agencies - Grant Income
Self Generated Other Income
Fee for Service Income
Administration Support
TOTAL INCOME                                                                 -        -             -


EXPENDITURE
SALARIES & WAGES
Salaries & Wages
Superannuation
Annual Leave
Sick Leave
Long Service Leave
Workers Compensation
Leave Fares
Relief Salaries
Rental Subsidy
Staff Recruitment
Staff Training & Development
TOTAL SALARIES & WAGES                                                       -        -             -

OTHER EXPENDITURE
Accounting Fees
Administration Costs
Audit Fees
Bank Charges
Cleaning Expenses
Computer Expenses
Consultants Fees
Depreciation
Electricity
Insurance - General
Insurance - Medical Indemnity



                                  80df0bdd-4fbc-4393-a2ba-e8edfd37282a.xls                       Page 17
                                                                 ACTUAL       BUDGET       VARIANCE
                                                                 YEAR TO      YEAR TO      ACTUAL vs
                                                               DATE 2005/06 DATE 2005/06    BUDGET
Lease & Hire Purchase Charges
Legal Expenses
Meeting Expenses
Motor Vehicle Expenses
Office Supplies
Postage & Courier Costs
Printing & Stationery
Repairs & Maint Equipment
Repairs & Maint Buildings
Staff Amenities
Subscriptions & Publications
Telephone
Travel & Accom Committee
Travel & Accom Staff
TOTAL OTHER EXPENDITURE                                                    -        -             -

CAPITAL EXPENDITURE
Office Furniture & Equipment
Computer Equipment
Motor Vehicles
Building Improvements
Plant & Equipment
TOTAL CAPITAL EXPENDITURE                                                  -        -             -

TOTAL EXPENDITURE                                                          -        -             -


UNEXPENDED FUNDS - SURPLUS / (DEFICIT)                                     -        -             -




                                80df0bdd-4fbc-4393-a2ba-e8edfd37282a.xls                       Page 18
             ABC ABORIGINAL COMMUNITY CONTROLLED HEALTH ORGANISATION INC.
                 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
                        FOR THE PERIOD ENDED 31ST DECEMBER 2005

1. STATEMENT OF ACCOUNTING POLICIES
a) Reporting Entity
These financial statements are a special purpose financial report prepared specifically for distribution to
members in accordance with the Rules of the Association. The committee have determined that the
association is not a reporting entity and therefore there is no requirement to apply Accounting Standards
and other mandatory professional reporting requirements in the preparation and presentation of these
statements.

The statements have been prepared in accordance with the requirements of the following Accounting
Standards:

           AASB 116                Property, Plant & Equipment
           AASB 118                Revenue
           AASB 119                Employee Entitlements
           AASB 120                Accounting for Government Grants and Disclosure of Govt. Assistance
           AASB 136                Impairment of Asets
           AASB 137                Provisions, Contingent Liabilities and Contingent Assets
           AASB 138                Intangible Assets
           AASB 139                Financial Instruments: Recognition and Measurement
           AASB 1004               Contributions
           AASB 1031               Materiality

No other Accounting Standards or other mandatory professional reporting requirements have been applied.
A Statement of Cash Flows is not presented. It is considered an inappropriate disclosure.

The statements are also prepared on an accruals basis. They are based on historic costs and do not take
into account changing money values or, except where specifically stated, current valuations of non-current
assets. The following specific accounting policies, which are consistent with the previous period unless
otherwise stated, have been adopted in the preparation of these statements:

b) Grants
Revenue grants are disclosed in grant acquittal statements and matched against operating costs.
Balances unexpended are carried to unexpended grants current liability. Capital grants are carried to
Members Funds only as they are expended.

c) Income Tax
The Corporation is deemed an exempt body for income tax purposes. No provision is made for income
tax.

d) Property, Equipment and Vehicles
Items of property, equipment and vehicles including buildings, are recorded at cost and are depreciated
over their expected useful life. The diminishing value method is used.

e) Employee Benefits
Provision is made for annual leave and long service leave estimated to be payable to employees and
shown as current liabilities. Long service leave entitlements are only accrued for employees who have
passed their fifth year of employment.




                                80df0bdd-4fbc-4393-a2ba-e8edfd37282a.xls                                      Page 19
2. CASH AT BANK
         Cash at bank is a "restricted asset" in that amounts representing unexpended grants may only
         be applied for the purposes specified in conditions of grants.

                                                                 2006                      2005

            Operating Cheque Account
            Cash Management Account
            Term Deposit
            Donations Account
                                                                 -                             0

3. ACCOUNTS RECEIVABLE

            Trade Debtors
            Sundry Debtors
                                                                 -                         -


4. ACCOUNTS PAYABLE

            Trade Creditors
            Sundry Creditors
            Accrued Expenses
                                                                 -                         -


5. EMPLOYEE ENTITLEMENTS

            Current Liabilities
            Provision for Annual Leave
            Provision for Long Service Leave
                                                                 -                         -

            Non- Current Liabilities
            Provision for Long Service Leave
                                                                 -                         -




6. SCHEDULE OF GRANTS
                                               BALANCE    RELEASE       TRANSFERS   EXPENDED       BALANCE
                                                 b/fwd      2006        TO/(FROM)     2006         6/30/2006

                                                  $          $              $          $              $

OATSIH
Program 1
Program 2
Program 3
Program 4

NSW Department of Health
Program 5

Other Funding Agencies
Program 6

TOTAL                                                 -          -              -          -              -




                               80df0bdd-4fbc-4393-a2ba-e8edfd37282a.xls                                       Page 20
7. PROPERTY, PLANT, VEHICLES AND EQUIPMENT
                                                      2006             2005

         Buildings & Improvements (at cost)
         Less: Accumulated Depreciation
         Written Down Value                                -              -

         Computer Equipment (at cost)
         Less: Accumulated Depreciation
         Written Down Value                                -              -

         Motor Vehicles (at cost)
         Less: Accumulated Depreciation
         Written Down Value                                -              -

         Office Furniture & Equipment (at cost)
         Less: Accumulated Depreciation
         Written Down Value                                -              -

         TOTAL Written Down Value                              -              -


8. LEASE & HIRE PURCHASE LIABILITIES

         Current Liabilities
         Westpac Lease - Motor Vehicle
         Less: Unexpired Interest
                                                               -              -

         NAB Hire Purchase - Motor Vehicle
         Less: Unexpired Hire Purchase Charges
                                                               -              -

         NAB Hire Purchase - Photocopier
         Less: Unexpired Hire Purchase Charges
                                                               -              -

         Total Lease & Hire Purchase Liabilities               -              -




         Non-Current Liabilities
         Westpac Lease - Motor Vehicle
         Less: Unexpired Interest
                                                               -              -

         NAB Hire Purchase - Motor Vehicle
         Less: Unexpired Hire Purchase Charges
                                                               -              -

         NAB Hire Purchase - Photocopier
         Less: Unexpired Hire Purchase Charges
                                                               -              -

         Total Lease & Hire Purchase Liabilities               -              -


                                                      2006             2005
9. BANK LOANS



                            80df0bdd-4fbc-4393-a2ba-e8edfd37282a.xls              Page 21
        Current Liabilites
        National Australia Bank
                                                            -                   -

        Non-Current Liabilites
        National Australia Bank
                                                            -                   -

        Total Bank Loans                                    -                   -


10. SCHEDULE OF INSURANCES                                             INSURED
                                                                        VALUE
                                                                          $

        Public Liability                                              $20,000,000
                   Insurers:- XYZ Insurance Ltd


        Contents Insurance                                              $200,000
                  Insurers:- XYZ Insurance Ltd


        Professional Indemnity                                         $5,000,000
                  Insurers:- XYZ Insurance Ltd


        Directors and Office Bearers Liability                         $1,000,000
                   Insurers:- XYZ Insurance Ltd


        Workers Compensation                                          Act Benefits
                 Insurers:- XYZ Insurance Ltd




                           80df0bdd-4fbc-4393-a2ba-e8edfd37282a.xls                  Page 22
80df0bdd-4fbc-4393-a2ba-e8edfd37282a.xls   Page 23

				
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