Page 91 - BWA Annual Report 2023

WESTERN AUSTRALIAN BASKETBALL FEDERATION (INC.)
Notes to the financial statements
for the year ended 31 December 2023
Note
4 Financial assets and financial liabilities
4.1 Cash and cash equivalents
2023 2022 $$
Cash at bank
1,554,234 200 1,432,922
1,921,509 2,100 1,025,791
Cash on hand
Cash on deposit
2,987,356
2,949,400
4.1.1 Cash Flow Information
a. Reconciliation of cash flow from operations to profit or loss for the year
(Loss) / profit for the year
Cash flows excluded from profit or loss attributable to operating activities:
Non-cash flows in profit or loss from ordinary activities:
Depreciation and amortisation Bad and doubtful debts
Changes in assets and liabilities:
(Increase)/decrease in trade and other receivables Decrease in other assets
(Increase)/decrease in inventories Increase/(decrease) in trade and other payables Increase/(decrease) in provisions
Cash flow (used in) from operations
38,711 -
100,243 2,878
(138,983) (73,486)
85,248 (59,645) 74,062
(520,675) -
93,466 11,316
(256,011) 48,071
(125,907) 245,501
(24,191)
29,028
(528,430)
b. Credit and loan standby arrangement with banks
The Association has no credit standby or financing facilities in place and there were no non-cash financing or investing
activities during the year (2022: nil).
c. Non-cash investing and financing activities
The Association had no non-cash investing and financing activities during the year (2022: nil).
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4.1.2 Accounting policy
For the purposes of the statement of cash flows, cash includes deposits at call which are readily convertible to cash on hand and which are used in the cash management function on a day-to-day basis, net of outstanding overdrafts (if any).
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