Page 40 - Demo

Note 3
Financial Assets
SUNSHINE BEACH SURF LIFE SAVING CLUB INC
ABN: 86 489 039 083
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021
Non-current
Loan - Sunshine Beach SLS Supporters Club
576,663 576,663
2021 $$
2021 2020 $$
576,661 576,661
Note 4
Property, Plant and Equipment
Clubhouse
At cost
Less: accumulated depreciation
Plant, Gear & Equipment
At cost
Less: accumulated depreciation
Motor Vehicles
At cost
Less: accumulated depreciation
Note 5 Related Party Transactions
7,944,748 (803,004)
7,141,744
415,123 (315,461)
99,662
74,244 (59,943) 14,301
7,255,707
8,254,148 (326,965)
7,927,183
402,482 (298,614) 103,868
86,762 (61,263) 25,499
8,056,550
2020
Transactions between related parties are on normal commercial terms and conditions no more favourable than those available to other persons unless otherwise stated.
There is a close affiliation between the Club and the Sunshine Beach Surf Life Saving Supporters Association with all surplus profits of the Association being donated to the Club based on the operational and development expenditure needs of the Association.
Note 6 Cash and Cash Equivalents
General Account Donation Account Special Purpose Account Petty Cash
Total cash on hand
2021 2020 $$
1 100 250,500 375 250,976
72 5,070 177,969 - 183,111
Sunshine Beach Surf Life Saving Club Annual Report 2020/21
6
40
YEAR ENDED 30.04.21 FINANCIAL REPORT