Page 61 - RCPA

Notes to the Financial Statements
19. 20.
21.
ABN 52 000 173 231
NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2018
Contingent Liabilities
The Directors of the College are not aware of any contingent liabilities as at 30 June 2018 (2017: Nil).
Events Subsequent to Reporting Date
No matters or circumstance has arisen since 30 June 2018 that has significantly affected, or may significantly affect the College's operations, the results of those operations, or the College's state of affairs in future financial years.
THE ROYAL COLLEGE OF PATHOLOGISTS OF AUSTRALASIA
Related Party Transactions
During the year the College entered into the following transactions with the following entities.
Administration charge contribution from QAP Cost recovery from ICCR
Other transactions not on normal commercial terms: Dividend received from QAP
Amount receivable from / (owing to) QAP at balance date Amount owed by ICCR at balance date
2018 2017 $$
Term of payment for QAP and ICCR is 30 days from the date of invoice.
QAP, full name RCPA Quality Assurance Programs Pty Limited, was established under a Trust Deed set up by the Council of the College. The members of the QAP Board of Directors are Fellows of the College. From 1 July 2015 QAP became a subsidiary company wholly owned by the College.
ICCR, full name International Collaboration for Cancer Reporting Limited, was established as a company limited by guarantee in 2014. The College is a founding member of ICCR and has permanent representation on the board of directors.
21
165,267 77,898
2,500,000
2,356 2,556
135,879 69,888
210,000
(267,754) 3,196
59
ANNUAL REPORT • 2017 - 2018