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Summary of NSWNA financial report for the year ended 31 December 2007.

The financial report of the New South Wales Nurses' Association has been audited in accordance with the provisions of the Industrial Relations Act 1991, and the following summary is provided for members in accordance with Section 517 (2) of the Act, as applied by section 282 (3) of the Industrial Relations Act, 1996.

A copy of the Financial Report, including the Independent Audit Report, will be supplied free of charge to members upon request.

Certificates required to be given under the Act by the Accounting Officer and the Committee of Management have been completed in accordance with the provisions of the Act and contain no qualifications.

INFORMATION TO BE PROVIDED TO MEMBERS OR REGISTRAR

In accordance with the requirements of the Industrial Relations Act 1991 [NSW], the attention of members is drawn to the provisions of Subsections (1) and (2) of Section 512 which read as follows:

1. A member of an organisation, or the Industrial Registrar, may apply to the organisation for a specified prescribed information in relation to the organisation.

2. An organisation shall, on application made under Sub-section (1) by a member of the organisation or a Registrar, make the specified information available to the member or Registrar in the manner, and within the time, as prescribed by the regulations.

AUDITOR'S CERTIFICATE

We certify that the above Summary of the Financial Report is a fair and accurate summary of the Report, Accounts and Statements of the New South Wales Nurses' Association for the year ended 31 December 2007. Our Independent Audit Report to the members dated 1 April 2008 on the Financial Report did not contain any particulars of any deficiency, failure or shortcoming as referred to in the Industrial Relations Act 1991 [NSW], as applied by Section 282 of the Industrial Relations Act, 1996.

DALEY & CO

Chartered Accountants

98 Kembla Street

Wollongong NSW 2500

ML Gleeson

Registered Company Auditor

1 April 2008
INCOME STATEMENT
FOR THE YEAR ENDING DECEMBER 2007

 2007 2006
Income ($) ($)

Membership Subscriptions 18,883,886 17,718,392
NursePower Fund Subscriptions 5,019,767 4,707,187
Other Income 2,657,313 1,909,651
TOTAL INCOME 26,560,966 24,335,230
Less total expenditure (24,747,015) (18,092,674)
SURPLUS FOR THE YEAR 1,813,951 6,242,556

BALANCE SHEET AS AT 31 DECEMBER 2007

 2007 ($) 2006 ($)

ACCUMULATED FUNDS 26,564,633 25,512,639
Represented by:
Current Assets 4,351,177 5,436,964
Non-Current Assets 27,362,289 24,916,545
TOTAL ASSETS 31,713,466 30,353,509
Current Liabilities 2,318,540 4,488,734
Non-Current Liabilities 2,830,293 352,136
TOTAL LIABILITIES 5,148,833 4,840,870
NET ASSETS 26,564,633 25,512,639
COPYRIGHT 2008 New South Wales Nurses Association
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

 
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Title Annotation:New South Wales Nurses' Association; NOTICE
Publication:The Lamp
Date:May 1, 2008
Words:453
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