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Note 3
Property, Plant and Equipment
SUNSHINE BEACH SURF LIFE SAVING SUPPORTERS CLUB INC.
ABN: 73 814 610 943
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021
Plant & Equipment
At cost
Accumulated depreciation
Computer Equipment
At cost
Accumulated depreciation
Gaming Equipment
At Cost
Accumulated depreciation
Furniture & Fittings
At cost
Accumulated depreciation
Note 4 Related Party Transactions
309,431 (141,027) 168,404
97,199 (43,955) 53,244
619,689 (253,408) 366,281
313,809 (130,965) 182,844 770,773
282,924 (67,010) 215,914
94,141 (23,240) 70,901
501,429 (137,861) 363,568
282,664 (55,670) 226,994
877,377
2021 2020 $$
Transactions between related parties are on normal commercial terms and conditions no more favourable than those available to other persons unless otherwise stated.
There is a close affiliation with the Sunshine Beach Surf Life Saving Club with all surplus profits donated to the Club where feasible.
Note 5 Cash and Cash Equivalents
Cash on Hand
NAB General account
NAB Gaming account
NAB Gaming Provision account NAB Investment account
NAB BAS Holding account
NAB Capital Maintenance account ANZ General account
ANZ High Interest account
Total cash on hand
Note 6 Borrowings (a) Borrowings
Borrowings capitalised in the accounts in accordance with the accounting policies defined in Note 1
2021 2020 $$
Payable - minimum payments
— not later than 12 months
— between 12 months and five years
— later than five years
Minimum payments
Less future finance charges Total borrowings
106,895 163,966 - 270,861
(9,786) 261,075
79,923 185,391 - 265,314
(18,143) 247,171
56,000 415,554 302,394
100 25,052 100 - 2,199 - 801,399
2021 $$
15,005 - 36,758 100 100 100 518,010 14,372 880 585,325
2020
Sunshine Beach Surf Life Saving Club Annual Report 2020/21
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YEAR ENDED 30.04.21 FINANCIAL REPORT