PAINTED DOG CONSERVATION INCORPORATED

PAINTED DOG CONSERVATION INCORPORATED ABN 30 268 127 580

SPECIAL PURPOSE FINANCIAL REPORTFOR YEAR ENDED 30 JUNE 2011


SPECIAL PURPOSE FINANCIAL REPORTFOR YEAR ENDED 30 JUNE 2011

INDEX

Statement by Members of the Committee 3 Independent Audit Report 4-5 Income Statement 6 Balance Sheet 7 Notes to the Financial Statements 8-10 Income and Expenditure Statement 11-12 Depreciation Schedule 13


STATEMENT BY MEMBERS OF THE COMMITTEEFOR YEAR ENDED 30 JUNE 2011

The Committee has determined that the Association is not a reporting entity and that this special purpose financial report should be prepared in accordance with the accounting policies outlined in Note 1 to the financial statements.

In the opinion of the Members of the Committee, the special purpose financial report: 1. Presents fairly the financial position of Painted Dog Conservation Incorporated as at 30 June 2011 and its

performance for the year ended on that date in accordance with the accounting policies described in Note 1 to the financial statements.

2. At the date of this statement, there are reasonable grounds to believe that Painted Dog Conservation Incorporated will be able to pay its debts as and when they become due and payable.

This statement is made in accordance with a resolution of the Members of the Committee and is signed for on behalf ofthe Committee by:

3


INCOME STATEMENTFOR THE YEAR ENDED 30 JUNE 2011

2011 2010$ $

Profit/(Loss) from Ordinary Activities Before Income Tax -6,753 4,763Income Tax Expense 0 0Profit/(Loss) from Ordinary Activities After Income Tax -6,753 4,763

Retained Profits at the Beginning of the Financial Year 30,531 25,558Adjustment reqd to align Income Statement to Balance Sheet 0 210Total Available for Appropriation 23,778 30,531

Retained Profits at the End of the Financial 23,778 30,531

The accompanying notes form part of these financial statements

6


BALANCE SHEET AS AT 30 JUNE 2011

Note 2011 2010CURRENT ASSETS $ $Cash and Cash Equivalents 2 21,904 30,002Trade and Other Receivables 3 10 75Inventories 4 1,269 1,338

TOTAL CURRENT ASSETS 23,183 31,415

NON-CURRENT ASSETSProperty, plant and equipment 5 1,695 2,422TOTAL NON-CURRENT ASSETS 1,695 2,422

TOTAL ASSETS 24,878 33,837

CURRENT LIABILITIESTrade and Other Payables 6 1,100 3,306TOTAL CURRENT LIABILITIES 1,100 3,306

TOTAL LIABILITIES 1,100 3,306

NET ASSETS 23,778 30,531

MEMBERS FUNDSRetained Profits 23,778 30,531

TOTAL MEMBERS FUNDS 23,778 30,531


7


NOTES TO THE FINANCIAL STATEMENTSFOR THE FINANCIAL YEAR ENDED 30 JUNE 2011

1. STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES

This financial report is a special purpose financial report prepared in order to satisfy the financial reporting requirements of the Associations Incorporation Act (WA). The Committee has determined that the Association is not a reporting entity.

The financial report has been prepared in accordance with the requirements of the Associations Incorporation Act (WA) and the following Australian accounting Standards.

AASB 1031: Materiality AASB 110: Events After the Balance Sheet Date

No other applicable Accounting Standards, Urgent Issues Group Interpretations or other authoritative pronouncements of the Australian Accounting Standards Board have been applied.

The financial report has been prepared on an accruals basis and is based on historical costs and does not take into account changing money values or, except where specifically stated, current valuations of non-current assets.

The following material accounting policies, which are consistent with the previous period unless otherwise stated, have been adopted in the preparation of this report:

Property, Plant and Equipment

Depreciation is provided on plant and equipment on the diminishing value method and applying a depreciation rate of 30%.

Inventories

Inventories (where applicable) are measured at the lower of cost and net realisable value. Costs are assigned on a weighted average basis.

Income Tax

The Association has been endorsed as an Income Tax Exempt Charitable Entity.

These notes are to be read in conjunction with the attached compilation report

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2. CASH AND CASH EQUIVALENTS

2011 2010$ $

Cash on Hand – Westpac Account 2,298 4,873 Cash on Hand – Westpac Public Fund 8,903 2,425 Undeposited Funds 0 0 Savings Funds - ING Business Optimiser 10,703 22,704

21,904 30,002

3. TRADE AND OTHER RECEIVABLES

2011 2010 Current $ $

Trade Debtors 10 75 Prepayments 0 0

10 75

4. INVENTORIES

2011 2010 Current $ $

Stock on Hand 1,269 1,338

1,269 1,338


9



5. PROPERTY, PLANT AND EQUIPMENT

2011 2010 Plant and Equipment $ $

Plant and Equipment b/fwd 2,422 3035 Plus Addittions 0 609 Less Disposal 0 -289 Depreciation 727 -933

Total Plant and Equipment 1,695 2,422

6. TRADE AND OTHER PAYABLES2011 2010

Current $ $

Trade Creditors 0 2,556 Membership in Advance 1,100 750

1,100 3,306


10


INCOME & EXPENDITURE STATEMENTFOR THE YEAR ENDED 30 JUNE 2011

2011 2010INCOME $ $

Inventory Sales 3,936 1,014

LESS COST OF INVENTORY GOODS SOLDOpening Stock 1,338 3,259Purchases 871 473Sub-Total 2,209 3,732

Closing Inventory Stock 1,269 1,338

TOTAL COST OF INVENTORY GOODS SOLD 940 2,394

GROSS PROFIT/ (LOSS) FROM TRADING 2,996 -1,380

OTHER INCOME

Donations - Unrestricted 21,480 12,482Grants and Specific Donations 42,600 30,060Fund Raising - Ticket Sales 7,770 7,125Auction Sales 7,335 27,565Member’s Subscriptions 7,825 3,386Interest Received 1,047 677Other 0 51

TOTAL OTHER INCOME 88,057 81,346

TOTAL INCOME 91,053 79,966


11


INCOME & EXPENDITURE STATEMENTFOR THE YEAR ENDED 30 JUNE 2011

2011 2010

EXPENDITURE $ $

Marketing 573 841

Bank charges 1,000 827

Depreciation 727 933

Loss on Disposal of Asset 0 289

Software costs 0 279

Variance on Credit Card 0 190

General Expenses 3,184 736

Postage and Stationery 790 739

Subscriptions and Dues 395 350

Fundraising costs 5,132 5195

Minor equipment 297 0

Auction Items 604 11,136

12,702 21,515

Fund Overseas Distributions

- PDC - Zimbabwe 17,086 22,156

- Namibia Wild Dog Project 0 0

- Zambia AWDC / Zambian Carnivore Programme 61,583 27,432

- Amanda Ash Support 0 0

- Other 6,435 4,100

Sub-Total 85,104 53,688

TOTAL EXPENDITURE 97,806 75,203

NET PROFIT (LOSS) FROM ORDINARY ACTIVITIES -6,753 4,763


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