MINUTES OF PREVIOUS MEETING HELD 1 MARCH 2018 SAVA Wildlife Group AFS 2018 final | Page 6

SAVA WILDLIFE GROUP
ACCOUNTING POLICIES AND EXPLANATORY NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018 (CONTINUED)
2018
R
6
2017
R
2. REVENUE
An analysis of the company's revenue is as follows:
Sponsorship received
Conference income
Course income
Membership fees
105 000
24 638
-
194 805 105 000
116 994
17 250
261 651
324 443 500 895
Opening Balance
Net profit for the year 1 527 953
85 425 1 336 655
191 298
Balance at year end 1 613 379 1 527 953
26 499
11 035
7 000
8 464
-
-
-
-
-
-
-
- 163 147
10 032
77 000
8 390
11 970
6 293
212
25 000
5 570
10 000
8 680
-
26 499 163 147
1 183 853
25 498 1 143 224
57 730
1 209 351 1 200 954
The revenue of the company is derived mainly from
veterinary services
3. RETAINED EARNINGS
4. TRADE PAYABLES
Trade creditors
- Audit fees
- Vetlink CC - Admin fees
- Vetlink CC - Website
- Champion Wildlife - Professional fees
- Champion Wildlife - Travel
- SAVC - Newsletter
- Research Fund
- Incorrectly paid membership fees
- Gary Bauer - Professional fees
- Gary Bauer - Travel
Funds received in advance
5. CASH AND CASH EQUIVALENTS
ABSA Money Market Fund - 9091625626
ABSA Bizstart - 21223980