Page 41 - Annual Report 2018

BalanceatthebBeaglainnciengatotfhtehebefigninanciniagloyefathrefinancialyear
72,060 72,7026,060 72,060
Balance at the beginning of the financial year
72,060
72,060
Gain on propertGyarienvoanlupartoiopnerty revaluation
335,250
335,250-
- -
72,060
Gain on property revaluation
335,250
-
Deferred incomDeetfaexrraetdtribnucotambelettaox raetvtrailbuuataiobnleintocrremvaelnutation increment
(112,009)
(112,009-)
Deferred income tax attributable to revaluation increment
(112,009)
-
N
Anssr
o
est e
t
rre
Balance at the beginning of the financial year
515,555 5153,2595,5112 329,112
301,362 (114,919)
515,555
301,362
41,430 25,424
-
(14,793) 23,545 2,788 7,004 68,800
455,560
29
e
vea
s
t
luat
nr
o
t
Net profit fromNoerdtipnraorfyitafcrtoivmitioersdainftaerryianctoivmiteietsaaxfter income tax
515,555
329,112
Net profit from ordinary activities after income tax
319,675
3193,0617,5362
Dividends paid Dorivpidroevnidsedpafiodr or provided for
319,675
301,362
Dividends paid or provided for
(137,903)
(13(71,1940,39)19)
BalanceattheeBnadlaonfctehaetftihneanecniadloyefathrefinancialyear
697,327
6975,1352,7555
Balance at the end of the financial year
697,327
515,555
es
h
er
ve
2957,320,0160
e
nancialstatements (continued)295,301 295,301
io ThefreeholdlanTdheanfrdeebhuoilldinlagnsdwaenredibnudieldpinengsdewnetrlyevinadlueepdenatde1n5tJlyunveal2u0e1d8atby15MJiulenseR2e0a1l8EsbtyatMe,ilaesmRemalbEesrtaotfet,haememberofthe
Real Estate InstRiteuatel EosftaVtiectIonrsiatit(uRtEeIVo)f. VMicetmorbiaer(sREoIfVR).EMIVeamrebgeorsveorfnReEdIVbyaraecgodveronfecdonbdyuacctoadnedoafrecocnodnustcatnatnlyduapredactoendstantly updated
Asset revaluatio
Asset revaluation reserve
The freehold land and buildings were independently valued at 15 June 2018 by Miles Real Estate, a member of the
72,060
Real Estate Institute of Victoria (REIV). Members of REIV are governed by a code of conduct and are constantly updated
on the latest legFisolartivtehcehaynegeasr. ended 30 June 2018 Note 17. ReNtaointted117e.a7r.nRinRegesttaineeddeaeranirnngisngs
on the latest legoinslathtievelactheastnlgeegsi.slative changes.
Note 17. Retained earnings BalanceatthebBeaglainnciengatotfhtehebefigninanciniagloyefathrefinancialyear
2017 $$$$
Note 18. Statement of cash ows
Note 18. StaNteomtee1n8t.of caSsthatfelomwesnt of cash flows Note 18. Statement of cash flows
Reconciliation oRfepcronfictilfiraotimonoordf ipnraorfyitafcrtoivmitioersdainftaerrytacxttivoitniest acfatsehr ptarxovtoidnedetbcyash provided by
Reconciliation of profit from ordinary activities after tax to net cash provided by
operating activiotipeesrating activities
operating activities
Profit from ordiPnraorfyitafcrtoivmitioersdainftaerryianctoivmiteietsaaxfter income tax
319,675
3193,0617,5362
Profit from ordinary activities after income tax
319,675
301,362
NoncashitemsN:oncashitems:
Non cash items:
depreciation -depreciation
43,341
43,4314,1430
depreciation
43,341
41,430
amortisation - amortisation
25,307
25,2350,7424
amortisation
25,307
25,424
profit on dispo-sparlofit on disposal
(1,227)
(1,227-)
profit on disposal
(1,227)
-
Changes in asseCtshangdelsiaibnilaitsiseest:s and liabilities:
Changes in assets and liabilities:
(increase)/dec-re(ianscereinasre)c/edievcarbelaese in receivables
(22,807)
(22(,1840,7)93)
(increase)/decrease in receivables
(22,807)
(14,793)
(increase)/dec-re(ianscereinasoet)h/deer carsesaestes in other assets
19,075
19,2037,545
(increase)/decrease in other assets
19,075
23,545
increase/(decr-eianscere) ainsep/a(ydaebclresase) in payables
(6,670)
(6,627,07)88
increase/(decrease) in payables
(6,670)
2,788
Hincereiadsee/(dlebcreHearseg)iidnDpeiroslvbtisrieoincrsgt CDoismtrmictunCiotmy EmnutenriptyriEsentLeirmpirtiesed Limited 12,108
increase/(decr-eianscere) ainsep/r(odveisciroenase) in provisions 12,108
12,170,8004
increase/(decr-eianscere) ainsec/u(rdrecnrtetasxel)iainbicliutirersent tax liabilities
(50,367)
7,004
increase/(decrease) in current tax liabilities
(50,367)
(506,386,870)0
Notes toNtohtesFitnoatnhceiaFl iSntantecimaleSnttastements
68,800
Net cash flows pNreotvcidaeshd fbloywopsepraotvinidgeadcbtiyviotipeesrating activities
338,435
3384,5453,560
Net cash flows provided by operating activities
338,435
455,560
for the yeafroerntdhedye3a0rJeundee2d03108 June 2018
29
Note 19. FaNirovtaelu1e9.measFuarier mvaelunet measurement Note 19. Fair value measurement
This section expTlhaiisnsetchteiojnudegxepmlaeinnststhaenjdudesgteimaetnetsmanadesitnimdeatersminaidnegitnhdeeftaeirmvainluinesgothfethfeaicrovmalupeansyo'fstahsesectosmthpatnayr'searessceotgsntihseadt arnedrecognised and
This section explains the judgements and estimates made in determining the fair values of the company’s assets that are
measuredatfamirevalsuereindtahtefafirnavanlcuiaelisntathtemfiennatnsc.iTaolsptraotevimdenatns.inTodipcarotivoindeabaonuintdthiceatrieolinabaibliotyutotfhtehereinliapbuitlsityusoefdthinedinepteurtmsuinsiendgifnaidreterminingfair
recognised and measured at fair value in the nancial statements. To provide an indication about the reliability of the inputs
value, the applivcalbule, athsseeatspphlaicvaebbleeanssceltasshiafiveedbineteontchleastshifrieedlienvteolsthperetshcrreibeeledvuenlsdperetshceribacecdoundtienrgtshteanadcacordusn.tAingesxtpalnadnartdiosn. Aonf exapchlanation of each
used in determining fair value, the applicable assets have been classi ed into the three levels prescribed under the accounting level follows unsledtaveenrnldfeaoarldtlosh.wtAhsneuentxadpbellaren.aetaiothn tohfeatacbhlele.vel follows underneath the table.
At 30 June 2018At 30 June 2018 RecurringfairvRaeluceurmrienagsfuariermvaelunetsm: easurements:
Property,PlantParnodpeErqtuy,ipPmlaennttandEquipment
FreeholdlandFreeholdland Buildings Buildings
Total assets at fTaoirtavlaalusseets at fair value
Note 19. FaNirovtaelu1e9.measFuarier mvaelunet (mcoenatsiunuremd)ent (continued)
Level 1 LevLelv1el 2 LevLelv2el 3 LeveTlo3tal Total $$$$$$$$
Heidelberg District Community Enterprise Limited
At 30 June 2017At 30 June 2017 Level 1 $$$$$$$$
- 60-7,500 607,500- - 74-2,500 742,500-
60-7,500 74-2,500
1,35-0,000 1,35-0,000
39.
607,500 742,500
1,350,000 1,350,000
- -
1,35-0,000 1,35-0,000
1,350,000- 1,350,000-
LevLelv1el 2
LevLelv2el 3
LeveTlo3tal
Total
2018 20210817 2018 2017
$$
(137,903)
(114,919)
29
946,881 285,51 908,4
494,491 599,13 853,5
selbaviecer rehto dna edarT .8 e selbaviecer e
040,902
748,132
000,044
005,706
91 91
dnal dloh tso
000,066 )057,86(
005,247 -
sgnid tso
052,195
005,247
735,605 )278,932(
735,605 )456,752(
stnemevorpmi dlohe tso
566,662
388,842
505,98 )779,57(
496,59 )802,08(
tnempiuqe dna t tso
825,31
684,51
697,61 )852(
059,93 )815,2(
elciheV ro tso
835,61 189,723,1
234,73 108,156,1
noitaicerped detalumucca tnuoma nwod nettirw l
8102 $$
)deunitnoc( tnempiuqe dna tnalp ,ytreporP .9 e :stnuoma gniyrrac ni stneme
7102
000,044 000,044 - 005,761
d gninnigeb ta tnuoma gniy
000,044 005,706
tnemercni noitaula dne ta tnuoma gniy
057,706 052,195 - 057,761
sgnid gninnigeb ta tnuoma gniy
)005,61( )005,61( 052,195 005,247
tnemercni noitaula esnepxe noitaicerped :
stnemya slaurcca dna selbaviecer re
tnempiuqe dna tnalp ,ytreporP .9 e sgnidliub dna d
noitaicerped detalumucca
noitaicerped detalumucca
noitaicerped detalumucca
dne ta tnuoma gniy