Page 87 - BWA Annual Report 2023

WESTERN AUSTRALIAN BASKETBALL FEDERATION (INC.)
Notes to the financial statements
for the year ended 31 December 2023
In preparing the 2023 financial statements, Western Australian Basketball Federation (Inc.) has grouped notes into sections under four key categories:
Section A: How the numbers are calculated..............................................................................................................................7 Section B: Unrecognised items ................................................................................................................................................18 Section C: Other Information...................................................................................................................................................19 Section D: Unaudited Information...........................................................................................................................................21
Significant accounting policies specific to each note are included within that note. Accounting policies that are determined to be non-significant are not included in the financial statements.
The financial report is presented in Australian dollars, except where otherwise stated.
Change in Presentation and Classification of Income and Expenditure
During the year the Association changed the presentation of the statement of profit and loss to reflection reclassifications of items of income and expenditure to better reflect the Association’s operations. This change has not affected reported profit or loss and is a change in presentation and reclassification only. Comparative information has been updated to reflect this change.
Association details
The principal place of business is:
Street: Bendat Basketball Centre 201 Underwood Avenue
Floreat WA 6014
Postal: PO Box 185 Floreat WA 6014
Australia
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