Summary of NSWNA financial report for the year ended 31 December 2007.
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.
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
98 Kembla Street
Wollongong NSW 2500
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
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|Title Annotation:||New South Wales Nurses' Association; NOTICE|
|Date:||May 1, 2008|
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