Page 86 - BWA Annual Report 2020 W

WESTERN AUSTRALIAN BASKETBALL FEDERATION INC.
NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 December 2020
12. Cash Flow Information
a) Reconciliation of Profit to Net Cash Inflows from Operating Activities
NET PROFIT FROM ORDINARY ACTIVITIES Depreciation expense
Gain on disposal of assets
Write off inventories
Waiver of rent
Provision for doubtful debt
CHANGE IN OPERATING ASSETS AND LIABILITIES Decrease/(Increase) in trade and other receivables (Increase)/Decrease in inventories
(Decrease) in trade and other payables (Decrease)/Increase in provisions
1,056,757 70,471 1,995 116,972 -3,189
-
57,631 -126,595 175,354 130,124
-208,836 85,290 -1,375
-
- -4,822
96,279
14,699 504,675 39,856
525,766
2020 2019 $$
NET CASH (OUTFLOW)/INFLOW FROM OPERATING
ACTIVITIES 1,479,520
b) Reconciliation of Cash
Cash and Cash Equivalents 3,243,727 1,811,380
The Association has no credit standby or financing facilities in place and there were no non-cash financing or investing activities during the year.
13. Subsequent events
The Directors are unaware of any subsequent events that would need to be reflected in the financial statements.
14. Future obligations
There are no commitments as at 31 December 2020.
15. Association details
The Principal Place of Business is Bendat Basketball Centre, 201 Underwood Avenue, FLOREAT, WA
2020 $$
2019
79 | BWA ANNUAL REPORT 2020