GOLF CLUB • KEW
Notes to the Financial Statements
For the Eight Months Ended 31 March 2014
11a Movements in Property Plant and Equipment
2013
Freehold
Land and
Course Plant and
Land
Buildings Improvements
Furniture
Total
$
$
$
$
$
Balance at the Beginning of the Year
117,036 9,209,102
2,628,669
226,572 12,181,379
Additions at Cost
-
349,277
32,697
135,150
517,124
Disposals
- (1,026,153)
(1,026,153)
Depreciation Expense
- (352,371)
(132,832)
(122,025)
(607,228)
Carry Amount at End of Year 31 July 2013 117,036 8,179,855
2,528,534
239,697 11,065,122
2014
Freehold Land and
Course Plant and
Land
Buildings Improvements
Furniture
Total
$
$
$
$
$
Balance at the Beginning of the Year
117,036 8,179,855
2,528,534
239,697 11,065,122
Additions at Cost
-
-
-
88,961
88,961
Disposals
-
-
-
-
Depreciation Expense
- (242,338)
(85,014)
(69,347)
(396,699)
Carry Amount at Period Ended 31 March 2014 117,036 7,937,517
2,443,520
259,311 10,757,384
12. Intangible Assets
Irrigation Licence
13. Trade and Other Payables
Trade Creditors and Accruals
Net GST Payable / (Receivable)
14. Deferred Income
Members Subscriptions and Charges in Advance
Entrance Fees Received in Advance
Eight Months Ended Twelve Months Ended
31 March 2014
31 July 2013
$
$
120,000
120,000
120,000
120,000
Eight Months Ended Twelve Months Ended
31 March 2014
31 July 2013
$
$
278,264
206,871
194,886
133,131
473,150
340,002
Eight Months Ended Twelve Months Ended
31 March 2014
31 July 2013
$
$
1,825,725
1,460,958
32,577
34,880
1,858,302
1,495,838
31