Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 4430 NEWSBOYS FOUNDATION ANNUAL REPORT 2016 NEWSBOYS FOUNDATION FINANCIAL REPORT Newsboys Foundation (A Company Limited by Guarantee) Statement of Changes in Equity Investment Retained Revaluation Total Earnings Reserve Equity $ $ $ For the year ended 30 June 2015 Opening balance at 1 July 2014 13,958,424 5,508,718 19,467,142 Total comprehensive income for the period 106,964 - 106,964 Revaluation of investments Sold during the year - (162,839) (162,839) On hand at 30 June 2015 - 543,510 543,510 Transferred to statement of comprehensive income due to impairment - 56,400 56,400 Amounts reclassified to profit upon sale of investments - 43,429 43,429 Closing balance at 30 June 2015 14,065,388 5,989,218 20,054,606 For the year ended 30 June 2016 Opening balance at 1 July 2015 14,065,388 5,989,218 20,054,606 Total comprehensive income for the period 34,919 - 34,919 Revaluation of investments Sold during the year - (207,724) (207,724) On hand at 30 June 2016 - 250,879 250,879 Transferred to statement of comprehensive income due to impairment - - - Amounts reclassified to profit upon sale of investments - 1,346 1,346 Closing balance at 30 June 2016 14,100,307 6,033,719 20,134,026 The statement of changes in equity is to be read in conjunction with the notes to the financial statements set out on pages 31 to 34. Newsboys Foundation (A Company Limited by Guarantee) Statement of Cash Flows For the year ended 30 June 2016 Notes 2016 2015 $ $ Cash flows from operating activities Cash receipts in the course of operations 293,399 237,646 Cash payments in the course of operations (296,562) (293,261) Cash payments to community youth organisations (831,004) (802,344) Dividends and distributions received 883,177 923,286 Interest received 54,669 69,158 Net cash from operating activities 12 103,679 134,485 Cash flows from investing activities Proceeds from sale of investments 742,006 702,987 Payments for investments (489,548) (1,206,522) Payments for plant and equipment - (3,193) Net cash provided by / (used in) investing activities 252,458 (506,728) Net increase/ (decrease) in cash 356,137 (372,243) Cash at the beginning of the year 5 2,022,568 2,394,811 Cash at the end of the year 5 2,378,705 2,022,568 The statement of cash flows is to be read in conjunction with the notes to the financial statements set out on pages 31 to 34