Moodys Chartered Accountants - Northland Cricket · • Moodys Chartered Accountants Ch-artered...

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Moodys Chartered Accountants Ch - artered Accountants Tax Experts Business Advisors 156 Bank Street, Whangarei Phone: (09) 438 6969 Fax: (09) 438 9613 9 November 2012 The Board Northland Cricket Association Inc PO Box 892 Whangarei 0140 Dear Members RE: COMPLETION OF AUDIT FOR THE PERIOD 1 ST August 2011 to 31 st July 2012. I have completed the audit of your financial statements for the period ended 31 st July 2012. I would like to take this opportunity to restate some of the basics of rurming an organisation such as yours. With respect to financial matters the board has a serious obligation to ensure that: There are procedures laid down in writing for dealing with incoming funds, the approval and payment of accounts, and the filing and retention of supporting documentation. Every person who occupies the position of treasurer or administrator should be in possession of a copy of these procedures. It is then the Board's responsibility to check that these instructions are being carried out at regular intervals. A receipt should be issued immediately for incoming funds, and money should be banked as soon as practical after receiving it. Under no circumstances should incoming cash be diverted to the payment of bills. All accounts must be paid by cheque, or internet banking. If the Board's approval is required before payments are made, then a list of accounts for payment must be included in the minutes and the approval for the payments noted accordingly. All invoices or other supporting documentation must be kept for audit purposes. Proper meetings must be held at regular intervals. It is very important that proper minutes are recorded and kept. Your financial report must be incorporated in the minutes and should be signed by the chairperson as a true and correct record of what was presented to, and accepted by the Board at the meeting. The minutes should also include a list of accounts approved for payment. The Board has a responsibility to give more than just a fleeting glance to the financial reports and accounts for payment. Overall, the record keeping was of an excellent standard. The retention of paperwork provides an accurate reflection of the day to day running of the organization and allows for ease of tracking for audit purposes. Notes pertaining to any unusual or

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Page 1: Moodys Chartered Accountants - Northland Cricket · • Moodys Chartered Accountants Ch-artered Accountants Tax Experts Business Advisors ... Moodys Chartered Accountant. NORTHLAND

• Moodys Chartered Accountants Ch-artered Accountants Tax Experts Business Advisors

156 Bank Street, Whangarei Phone: (09) 438 6969 Fax: (09) 438 9613

9 November 2012

The Board Northland Cricket Association Inc PO Box 892 Whangarei 0140

Dear Members

RE: COMPLETION OF AUDIT FOR THE PERIOD 1 ST August 2011 to 31 st July 2012.

I have completed the audit of your financial statements for the period ended 31 st July 2012. I would like to take this opportunity to restate some of the basics of rurming an organisation such as yours. With respect to financial matters the board has a serious obligation to ensure that:

There are procedures laid down in writing for dealing with incoming funds, the approval and payment of accounts, and the filing and retention of supporting documentation. Every person who occupies the position of treasurer or administrator should be in possession of a copy of these procedures. It is then the Board's responsibility to check that these instructions are being carried out at regular intervals.

A receipt should be issued immediately for incoming funds, and money should be banked as soon as practical after receiving it. Under no circumstances should incoming cash be diverted to the payment of bills.

All accounts must be paid by cheque, or internet banking. If the Board's approval is required before payments are made, then a list of accounts for payment must be included in the minutes and the approval for the payments noted accordingly. All invoices or other supporting documentation must be kept for audit purposes.

Proper meetings must be held at regular intervals. It is very important that proper minutes are recorded and kept. Your financial report must be incorporated in the minutes and should be signed by the chairperson as a true and correct record of what was presented to, and accepted by the Board at the meeting. The minutes should also include a list of accounts approved for payment. The Board has a responsibility to give more than just a fleeting glance to the financial reports and accounts for payment.

Overall, the record keeping was of an excellent standard. The retention of paperwork provides an accurate reflection of the day to day running of the organization and allows for ease of tracking for audit purposes. Notes pertaining to any unusual or

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abnormal items are clear and provide an audit trail. I note that the last three months minutes of the meetings did not include a copy of the financial report presented at each meeting. Where the minutes stipulate that the financials have been presented and approved, it is essential that a copy of those financials be kept with the minutes to show what has been viewed and approved.

If you wish to discuss any of the matters raised above please do not hesitate to contact me.

Yours faithfully

PAA.bu P J Moody Moodys Chartered Accountant.

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NORTHLAND CRICKET ASSOCIATION INC

Financial Statements For The Year Ended 31 July 2012

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NORTHLAND CRICKET ASSOCIATION INC

Contents For The Year Ended 31 July 2012

Page

Audit Report 2

Directory 3

Statement of Financial Performance 4

Statement of Movements in Equity 6

Statement of Financial Position 7

Notes to the Financial Statements 9

Taxation Depreciation Schedule 13

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Moodys Chartered Accountants 156 BANK STREET, WHANGAREI

PHONE 09 438 6969 FAX 09 438 9613

AUDIT REPORT TO THE MEMBERS OF NORTHLAND CRICKET ASSOCIATION INC:

We have audited the Financial Report of the Northland Cricket Association Inc for the 12 month period ended 31 July 2012. The Financial Report provides the information about the financial performance of the Northland Cricket Association Inc and its financial position as at 31 July 2012.

Management Responsibilities The Management is responsible for the preparation of a Financial Report which fairly reflects the financial position of the organisation as at 31 July 2012, and the results of income and expenditure for the period ended on that date.

Auditor's Responsibilities It is our responsibility to express an independent opinion on the Financial Report presented by the Management Committee and report our opinion to you.

Basis of Opinion An audit includes examining, on a test basis, evidence relevant to the amounts and disclosures in the financial report. It also includes assessing:

• The significant estimates and judgements made by the Management Committee in the preparation of the Financial Report, and

• Whether the accounting policies are appropriate to the organisation's circumstances, consistently applied and adequately disclosed.

We conducted our audit in accordance with New Zealand Auditing Standards. We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial report is free from material misstatements, whether caused by fraud or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial report.

Other than in our capacity as auditor we have no relationship with or interest in the Northland Cricket Association Inc.

Report on the Financial Statements for the Year The Audit Report for the year is an unqualified one. Specifically we report that:

• We have obtained all the information and explanations that we have required. • Proper and adequate Accounting Records have been maintained. • In my opinion the Financial Statements show a true and fair view of the results for the

period, and the financial position of the Northland Cricket Association Inc as at 31 July 2012.

Our Audit Report was completed on 9th November 2012, and our opinion is expressed as at that date.

PJ Moody Moody's Chartered Accountants

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NORTHLAND CRICKET ASSOCIATION INC

Directory As At 31 July 2012

Nature of Business: Provincial Cricket Association

Business Location: 79 Okara Drive Whangarei

Incorporation Date:

16 January 1967

IRD Number: 47-230-438

Bank: ASB Bank

Whangarei

Accountant: Spire Chartered Accountants Limited Bryce G Moffat

Auditor: Moodys Chartered Accountants Whangarei

These Financial Statements are audited & must be read in conjunction with the Compilation Report attached.

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NORTHLAND CRICKET ASSOCIATION INC

Statement of Financial Performance For The Year Ended 31 July 2012

2012 2011 $ $ $

Revenue Affiliation/Comp/Ground Fees 17,630 Bar Sales 31,872 Operating 368,618 Catering Commission 10,862 Catering Income 12,847 Coaching 27,761 Capital Grant Funding 22,416 42,835 Donations 1,500 21,296 Grants Received - COGS 5,000 4,000 Grants Received - NZC & NDCA 86,645 83,701 Grants Received - Other 282,879 224,396 Interest 11,870 18,042 Have a Go Kits 104 Hire 38,294 Match Fees 5,000 Rent 2,126 Signage 22,150 Sponsorship 67,438 Ticket Sales 43,217 Tournaments 19,261

Total Gross Income 708,872 762,888

Less Expenses Accountancy 5,192 ■

Accident Compensation 3,874 Administration - 249,242 Advertising 2,645 Affiliation Fees & Player Levies 25 _ Audit 2,206 2,204 Bad Debts 463 Bank 273 Bar Maintenance 752 - Board 663 Catering 25,002 Cleaning & Laundry 4,197 _ Club Cricket Coaching

59,147

708,872

_ 237,541

Computer 9,910 - Crockery Glassware & Utensils 581 Donations 386 Eftpos 169 General 110 Heat, Light & Power 10,997 -

Hire of Plant & Equipment 15 -

Hospitality 3,228 Insurance 16,533 -

Interest - Term Loan 10,945 16,752 Licenses & Registrations 217 -

Loss on Scrapping of Asset 173

The Statement of Accounting Policies and the accompanying notes form part of the Financial Statements.

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NORTHLAND CRICKET ASSOCIATION INC

Statement of Financial Performance For The Year Ended 31 July 2012

2012 2011 $ $ $

Motor Vehicle 23,980 Office 10 Operating 133,077 Player Levies 115 Playing Field Rental 8,080 Postage 425 Printing, Stamps & Stationery 4,038 Presentations 1,318 Professional Fees 2,929 Purchases - Beverages & Food 13,072 _ Purchases - HAG Cricket Sets 4,917 - Repairs & Maintenance - General 3,882 Repairs & Maintenance - Buildings 8,803 Repairs & Maintenance - Plant 9,606 Representative Teams 31,663 Room Hire 130 - Salaries & Wages 296,511 - Security 1,713 Staff Training & Expenses 803 Telephone, Tolls & Internet 6,410 _ Tournament Fees 2,519 _ Travel 14,191 _ Umpires 9,437 - Uniforms 7,035

Total Expenses 577,241 670,865

Depreciation 155,228 194,062

Total Expenses 732,469 864,927

Net Deficit For The Year (23,597) (102,039)

The Statement of Accounting Policies and the accompanying notes form part of the Financial Statements.

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NORTHLAND CRICKET ASSOCIATION INC

Statement of Movements in Equity For The Year Ended 31 July 2012

2012 2011

Opening Equity 3,105,538 3,207,577

Profits & Revaluations Net Deficit For The Year (23,597) (102,039)

Total Recognised Revenues & Expenses (23,597) (102,039)

Closing Equity 3,081,941 3,105,538

The Statement of Accounting Policies and the accompanying notes form part of the Financial Statements.

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2012

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NORTHLAND CRICKET ASSOCIATION INC

Statement of Financial Position As At 31 July 2012

Note 2012 2011

Equity Accumulated Funds 2 3,081,941 3,105,538

3,081,941 3,105,538

Total Equity 3,081,941 3,105,538

Equity Is Represented By:

Current Assets ASB Bank - Cheque 34,698 18,601 ASB Bank - Savings 50 154,836 142,611 ASB Bank - Savings 52 3 3 ASB Bank - Savings 53 30 Cash on Hand 503 1,018 Accounts Receivable 14,608 23,278 Prepayments 3,280 194 Accrued income 5,018 Northland Junior Cricket Incorporated 8,000 Stock on Hand 11,432 15,277 Total Current Assets 227,360 206,030

Non-Current Assets Fixed Assets per Schedule 3 3,011,352 3,131,902 Investments per Schedule 4 150,000 Total Non-Current Assets 3,011,352 3,281,902

Total Assets 3,238,712

3,081,941

3,487,932

Current Liabilities Accounts Payable 14,346 17,528 Income Received in Advance 47,481 48,150 Other Creditors 40 30 Accrued Expenses 24,371 34,227 GST Payable 1,783 1,440 Current Portion Term Liabilities 12,500 52,809 Total Current Liabilities 100,521 154,184

Non-Current Liabilities Bank Loans per Schedule 5 68,750 281,019 Less Current Portion of Term Liabilities (12,500) (52,809) Total Non-Current Liabilities 56,250 228,210

Total Liabilities 156,771 382,394

Net Assets 3,081,941 3,105,538

The Statement of Accounting Policies and the accompanying notes form part of the Financial Statements.

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NORTHLAND CRICKET ASSOCIATION INC

Statement of Financial Position As At 31 July 2012

Note 2012 2011

Signed by the following, who authorised for issue these Financial Statements on 13 November 2012.

Chairman

Chief Executive Officer

Date

Date

The Statement of Accounting Policies.and the accompanying notes form part of the Financial Statements.

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NORTHLAND CRICKET ASSOCIATION INC

Notes to the Financial Statements For The Year Ended 31 July 2012

1. Statement of Accounting Policies

Reporting Entity The financial statements presented here are for Northland Cricket Association Inc. The financial statements have been prepared in accordance with the Constitution and Rules of the Association as well as generally accepted accounting practices.

The financial statements have been audited by Moodys Chartered Accountants. The audit was completed on 9 November 2012.

Measurement Base Unless otherwise stated the accounting principles recognised as appropriate for the measurement and reporting of earnings and financial position on an historical cost basis have been followed.

Specific Accounting Policies The following specific accounting policies which materially affect the measurement of financial performance and financial position have been applied:

Accounts Receivable are stated at their estimated realisable value. Debts considered uncollectable are written off. There is no other provision for doubtful debts.

Stock on Hand has been valued at the lower of cost or net realisable value on a first in, first out basis, after making due allowance for damaged and obsolete stock.

Accounts Payable and Accruals are stated at the estimated amount payable.

Cash and cash equivalents comprise deposits with banks and bank and cash balances, net of bank overdrafts. Deposits are included when they have a maturity of no more than three months from acquisition date.

Depreciation has been calculated using the maximum rates permitted by the Income Tax Act 2007. The depreciation rates used are as follows;

Ground Improvements 3.6% CP - 25% DV Buildings 2% CP - 24% DV Plant & Equipment 3% CP - 80.4% DV Office Equipment 10% - 80.4% DV Bar & Kitchen Equipment 16% - 80.4% DV Motor Vehicles 10.2% -36% DV

Income Tax: Northland Cricket Association Inc qualifies for exemption from income Tax in terms of Section CW46 of the Income Tax Act 2007, as a body promoting amateur games or sports.

Investments are stated at lower of cost or net realisable value.

Goods and Services Tax: The Financial Statements have been prepared on an exclusive basis with the exception that Accounts Receivable and Accounts Payable are stated GST inclusive. The GST figure in the Statement of Financial Position represents the GST asset at year end.

These Financial Statements are audited & must be read in conjunction with the Compilation Report attached.

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NORTHLAND CRICKET ASSOCIATION INC

Notes to the Financial Statements For The Year Ended 31 July 2012

Differential Reporting: The entity qualifies for differential reporting as it is not publicly accountable and is not large. The entity has therefore taken advantage of all applicable differential reporting exemptions except that the financial statements have been prepared exclusive of Goods & Services Tax.

Changes in Accounting Policies There have been no changes in accounting policies which have been applied on bases consistent with those used in previous years.

2. Revenue Reserves The following movements in Revenue Reserves have occurred:

Accumulated Funds 2012 2011

Opening Balance 3,105,538 3,207,577 Net Deficit For The Year (23,597) (102,039)

Closing Balance 3,081,941 3,105,538

3. Fixed Assets 2012 2011

Ground Improvements At Cost 291,774 266,078 Less Accumulated Depreciation 88,105 64,394

203,669 201,684 Buildings At Cost 3,075,357 3,072,662 Less Accumulated Depreciation 496,712 406,950

2,578,645 2,665,712 Plant & Equipment At Cost 377,667 374,867 Less Accumulated Depreciation 196,287 169,445

181,380 205,422 Office Equipment At Cost 37,846 34,736 Less Accumulated Depreciation 31,883 29,684

5,963 5,052 Bar & Kitchen Equipment At Cost 53,167 52,617 Less Accumulated Depreciation 37,462 33,928

15,705 18,689 Motor Vehicles At Cost 122,501 122,501 Less Accumulated Depreciation 96,511 87,158

25,990 35,343

Total Fixed Assets 3,011,352 3,131,902

These Financial Statements are audited & must be read in conjunction with the Compilation Report attached.

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NORTHLAND CRICKET ASSOCIATION INC

Notes to the Financial Statements For The Year Ended 31 July 2012

Depreciation For The Year Ground Improvements 23,711 25,596 Buildings 89,762 88,690 Plant & Equipment 26,843 49,057 Office Equipment 2,199 2,866 Bar & Kitchen Equipment 3,360 4,039 Motor Vehicles 9,353 13,677

Total Depreciation For The Year 155,228 183,925

4. Investments 2012 2011

Sundry Investments Loan to Northern Districts Cricket 150,000

Total Investments 150,000

5. Non Current Liabilities 2012 2011

Bank Loans WDC Loan 1 68,750 81,250 WDC Loan 2 199,769

68,750 281,019 Less Current Portion WDC Loan 1 12,500 12,500 WDC Loan 2 40,309

(12,500) (52,809)

Total Non Current Bank Loans 56,250 228,210

Bank Loans are secured over all assets of the association. WDC Loan 1 bears interest at a rate of 0% and is repayable over a period of 6 years.

6. Capital Commitments There are no capital commitments at balance date (2011 $Ni1).

These Financial Statements are audited & must be read in conjunction with the Compilation Report attached.

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NORTHLAND CRICKET ASSOCIATION INC

Notes to the Financial Statements For The Year Ended 31 July 2012

7. Related Parties

During the 2010 Financial Year Northland Cricket Association Inc made a loan of $150,000 to Northern Districts Cricket of which it is a member. This was repaid in January 2012.

Northern Districts Cricket provided Northland Cricket Association Inc with a grant of $79,436 (2011 $60,795).

Community Organisation Grants Scheme (COGS) provided a grant of $5,000 (2011 $4,000).

Northland Cricket Association Inc has made a commitment to support Northland Junior Cricket Incorporated whereby any shortfall in revenue will be met by Northland Cricket Association Inc. This is reflected in the $8,000 advanced to Northland Junior Cricket Incorporated during the year under review (2011 $Ni1).

8. Contingent Liabilities There are no contingent liabilities at balance date (2011 $Ni1).

9. Events Subsequent to Balance Date There have been no significant events subsequent to balance date (2011 $Ni1).

10. Auditors Northland Cricket Association Inc Auditors were Moodys Chartered Accountants. Audit fees payable were $2,206 (2011 $2,204). Moodys Chartered Accountants are willing to continue as the Association's auditors in the ensuing year.

These Financial Statements are audited & must be read in conjunction with the Compilation Report attached.

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NORTHLAND CRICKET ASSOCIATION INC

Tax Depreciation Schedule For the year ended 31 July 2012

Desc

Indoor Centre Building

Date Original Cost Opening Book Value Additions

(Sales) Depn Method Depn

Profit on Sale Rate Method Type Year to Date Depreciation

Accumulated Depreciation Closing Book Value

Indoor Centre Building 30/06/2005 579968 491560 3.0% P 17399 105807 474161

Alterations 2007 31/12/2007 9562 8514 3.0% P 287 1335 8227

Alterations 2008 31/05/2009 2779 2435 3.0% P . 83 428 2351 Alterations 2009- Ckt Ops 01/07/2008 6509 5907 3.0% P 195 798 5711 Alterations 2009- Fire Egress 21/11/2008 5108 4687 3.0% P 153 574 4534 Alterations 2010- Office Window 12/11/2010 315 308 3.0% P 9 17 298

Alterations 2010- Seat 12/11/2010 105 103 3.0% P 3 6 99

Viewing Platform 30/04/2008 1054 991 3.0% P 32 94 960 605400 514504 0 0 18162 109058 496342

Pavilion & Other Buildings PaviIlion 01/06/2006 1962222 1672793 3,0% P 58867 348295 1613927

PaviIlion Alterations 2010/2011 31/07/2010 58122 57831 3.0% P 1744 2034 56088 Pavillion Bella Homes 31/07/2010 394166 385626 2.0% P 7883 16424 377742

Barn Building (Hosp Area) 03/04/2010 11724 11372 3.0% P 352 703 11021

Awnings (Altura) 01/08/2010 9000 6840 24.0% D 1642 3802 5198

Scoreboard 01/09/2006 31601 16369 3.0% P 948 16180 15421

Scoreboard Alterations 10/12/2009 427 376 7.2% P . 31 81 346

Shade Sail 15/02/2012 2695 2695 10.0% D 135 135 2560 2469957 2151208 2695 0 71600 387655 2082302

Indoor Centre Equipment Astrograss 01/09/2006 35675 14808 15.6% D 2310 23177 12498

Mats (2) 22/10/2008 1056 164 48.0% D 79 971 85

Feeder Arm 31/08/2007 827 431 15.0% a 65 461 366

Fridge (Indoor) 26/11/2008 320 201 15.6% D 31 150 170

Fire Extinguishers 30/04/2008 380 220 15.0% D 33 193 187

Indoor Scoring Machine 01/06/2007 3735 231 48.0% D 111 3615 120

Nets Doorway 30/04/2008 3120 1191 25.0% D 298 2227 893

Nets Mobile 27/06/2008 2174 258 48.0% D 124 2040 134

Bowling Machine 08/10/2010 6078 5318 15.0% D 798 1557 4521 Banner 27/03/2009 600 61 60.0% D 37 576 24 Water System 05/08/2008 1045 357 30.0% D 107 795 250

55010 23241 0 3992 35761 19249

These Financial Statements are audited and must be read in conjunction with the Compilation Report attached.

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NORTHLAND CRICKET ASSOCIATION INC

Tax Depreciation Schedule For the year ended 31 July 2012

Desc

Ground Improvements

Date Orig Cost Open BV Addns (Sales) Profit (Loss)

on Sale Depn Method Depn

Rate Method Type YTD Depn Accum Depn Close By

Bank Earthworks 31105/2009 4509 4239 3.6% P 162 433 4076 Bank Earthworks & Practice Block Extension 31/12/2009 92140 86612 3.6% P 3317 8845 83295 Boundary Fence 31/07/2010 1960 1781 8.4% P 165 343 1617 Deck - Front of Pavillion 03/11/2008 3652 3190 4.8% 0 153 615 3037 Flag Poles 30/01/2009 320 240 9.6% P 31 110 210 Gates - New Pavillion 28/06/2010 1638 1441 12.0% P 197 393 1245 Gates - Main Entrance new Pavillion 30/06/2010 3868 3404 12.0% P 464 928 2940 Fencing & New Public Entrance 08/09/2010 20366 18126 12.0% P 2444 4684 15682 Generator Change-over Switch 26/01/2011 1290 1200 12.0% P 155 245 1045 Ticket Booth 17/02/2011 2121 2089 3.0% P 64 95 2026 Practice Nets 17/02/2011 170 149 25.0% D 37 58 112 Picket Fence 01/04/2007 3200 1536 12.0% P 384 2048 1152 Picket Fence Alterations 03/11/2008 3199 2252 12.0% D 270 1217 1982 Pitch Upgrade 30/01/2010 12154 10538 8.4% P 1021 2637 9517 Sight Screen 31/05/2006 2894 0 9.6% P 0 2894 0 Sight Screens 31/12/2007 44476 28820 9.6% P 4270 19925 24551 Sight Screens - Concrete Base 30/04/2008 7010 4767 9.6% P 673 2916 4094 Sight Screens - Alterations 2009 28/09/2008 1045 753 9.6% P 100 393 652 Signage 01/12/2006 15979 7032 12.0% P 1917 10865 5114 Signage - Pavillion Building 31/03/2008 2475 1311 12.0% P 297 1461 1014 Signage - Ground Advertising 17117 1955 36.0% P 1955 17117 0 Signage - Ground Advertising 31/01/2010 11928 10342 8.4% P 1002 2588 9340 Signage - Pavillion Building Parking 31/07/2009 350 289 8.4% P 29 91 259 Signage - SH1 21/06/2010 560 395 25.2% P 141 306 254 Signage - Carters 08/09/2010 1140 877 25.2% P 287 551 589 Signage - Boundary Sign 30/09/2010 7000 5383 25.2% P 1764 3381 3619 Signage - Rockgas 01/11/2010 632 526 25.2% P 159 265 367 Signage - Educare 28/02/2011 745 651 25.2% P 188 282 463 Signage - HRV 28/02/2011 1650 1442 25.2% P 416 624 1026 Signage - Cnr Port Rd & Okara Drive 21/06/2010 490 346 25.2% P 123 268 222 Gates 07/12/2011 3160 3160 10.0% D 211 211 2949 Sight Screens x 2 31/01/2002 15986 15986 10.0% D 933 933 15053 Signage - Refinery 31/01/2012 6550 6550 10.0% D 382 382 6168

291774 201684 25696 0 23711 88106 203669

These Financial Statements are audited and must be read in conjunction with the Compilation Report attached.

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NORTHLAND CRICKET ASSOCIATION INC

Tax Depreciation Schedule For the year ended 31 July 2012

Desc Pavilion & Ground Equipment

Date Orig Cost Open BV Addns (Sales) Profit (Loss)

on Sale Depn Method Depn

Rate Method Type YTD Depn Accum Depn Close BV

Boundary Rope 27/10/2010 1395 1256 12.0% D 151 290 1105

Boom Spray Unit - Katipo 31/05/2006 500 148 15.0% 0 22 374 126

Covers - Flats 19/03/2009 5300 3516 15.6% D 549 2332 2968

Covers - Flats 30x30(1) 28/03/2011 7200 6810 13.0% D 885 1275 5925

Covers - Flats 30x23 (1) 28/03/2011 5520 5221 13.0% D 679 978 4542

Covers - Flats 30x10 (3) 28/03/2011 7200 6810 13.0% D 885 1275 5925

Cricket Pitch Matting (Tikipunga) 30/09/2010 620 517 40.0% D 207 310 310

Drag Mat & Aluminium Pitch Frame 31/05/2006 500 192 12.0% D 23 331 169

Outdoor Practice Nets 01/01/2007 106945 93012 3.0% D 2790 16723 90222

Outside Mobile Nets 31/12/2007 16294 5681 25.0% D 1420 12034 4260

Outside Mobile Nets (Arms) 29/02/2008 9990 3649 25.0% D 912 7253 2737

Wing Nets 02/07/2008 900 115 48.0% ID 55 840 60

Outside Mobile Nets (Upgrade) 28/02/2010 8464 5555 25.0% ID 1389 4298 4166

Practice Nets (Upgrade) 30/06/2009 1100 584 25.0% ID 146 662 438

Portable Pitches (3) Kerikeri 31/03/2010 28797 3753 80.4% D 3018 28061 736

Portable Pitches (2) Tikipunga 31/03/2010 16077 2095 80.4% D 1685 15666 411

Portable Pitch Peg Lifter 30/09/2009 350 303 7.2% ID 22 68 282

Portable Pitch Lifting Clutches 07/10/2009 770 672 7.2% D 48 147 623

Ticket Boxes 31/01/2008 6000 4180 9.6% D 401 2221 3779

Supersoper 31/05/2006 1 0 600 4603 15.6% D 718 6715 3885

Vacuum Cleaner 01/05/2007 1221 72 48.0% D 35 1183 38

Video Equipment 21/11/2008 1483 244 48.0% D 117 1356 127

Premier Wicket 31/12/2011 2800 2800 3.0% P 56 56 2744

240026 148989 2800 0 16213 104450 135576

Motor Vehicles Hydraulic 4-tonne Roller 31/05/2006 15000 5751 12.0% D 690 9939 5061

Holden Astra CYC374 01/03/2007 19724 4288 30.0% ID 1286 16723 3001

Holden Astra DPO497 30/09/2007 20880 5154 30.0% D 1546 17272 3608

Kia Carnival DZC779 30/06/2008 30364 7213 36.0% ID 2597 25747 4617

Kia Carnival D0Y439 31/0712008 29476 7331 36.0% D 2639 24784 4692

Trailer-Luggage 08/12/2008 1750 1245 12.0% ID 149 654 1096

Trailer 29/10/2009 5307 4361 10.2% D 445 1391 3916

122501 35343 0 0 9353 96511 25990

These Financial Statements are audited and must be read in conjunction with the Compilation Report attached.

Page 19: Moodys Chartered Accountants - Northland Cricket · • Moodys Chartered Accountants Ch-artered Accountants Tax Experts Business Advisors ... Moodys Chartered Accountant. NORTHLAND

NORTHLAND CRICKET ASSOCIATION INC

Tax Depreciation Schedule For the year ended 31 July 2012

Desc Office Equipment

Date Orig Cost Open BV Addns (Sales) Profit (Loss)

on Sale Depn Method Depn

Rate Method Type YTD Depn Accum Depn Close BV

Air Conditioning Unit - I/Centre 30/10/2007 3200 816 30.0% D 245 2629 571 Air Conditioning Unit-CEO 30/04/2008 2133 645 30.0% D 194 1681 452 Canon Photocopier 31/05/2006 4995 79 39.6% D 31 4948 47 Chairs (x2) 31/0512008 284 141 19.2% 0 27 170 114 Computers (PCs & Server) 01/09/2006 9519 100 60.0% D 60 9479 40 Computer Screen 31105/2008 425 245 15.6% D 38 218 207 Computer (PC) Coaching 31/05/2011 963 843 50.0% D 421 542 421 Printer - Multi Function - Office 07/07/2008 737 95 48.0% 0 45 688 49 Desk 31/0512008 443 255 15.6% D 40 228 215 Fax Machine 31/0512006 300 53 10.0% 0 5 252 48 Laptop Computer - CEO 31/05/2006 2562 63 48.0% 0 25 2534 28 Laptop Computer - CktOps 02/06/2009 2680 613 48.0% D 294 2361 319 Mobile Whiteboard 31/05/2008 873 502 15.6% D 78 449 424 Mobile Phone - iPhone 03/05/2010 732 115 80.4% D 92 710 22 Telephone - CktOps 04/06/2008 267 32 48.0% D 15 261 16 White Board - CktOps 11/06/2008 89 45 19.2% D 9 52 37 Cupboard - CktOps 03/07/2008 204 105 19.2% 0 20 119 85 Laptop - CktOps 09/07/2008 1783 96 60.0% D 58 1744 39 Printer-CEO 09/07/2008 245 31 48.0% D 15 229 '16 Cabling Phone System - CktOps 15/12/2008 1850 155 60.0% D 93 1788 62 Software - MYOB 31/10/2008 452 33 60.0% D 20 439 13 Air Conditioning City (1/3 Share) 14/11/2011 706 706 10.0% 0 53 53 653 Wireless Network 26/01/2012 570 570 50.0% D 166 166 404 Laptop HP6570B 26/06/2012 1834 1834 50.0% D 153 153 1681

37846 5052 3110 0 2199 31883 5963

These Financial Statements are audited and must be read in conjunction with the Compilation Report attached.

Page 20: Moodys Chartered Accountants - Northland Cricket · • Moodys Chartered Accountants Ch-artered Accountants Tax Experts Business Advisors ... Moodys Chartered Accountant. NORTHLAND

NORTHLAND CRICKET ASSOCIATION INC

Tax Depreciation Schedule For the year ended 31 July 2012

Desc Pavilion Equipment

Date Orig Cost Open BV Addns (Sales) Profit (Loss)

on Sale Depn Method Depn

Rate Method Type WD Depn Accum Depn Close BV

Blinds 01/09/2006 5480 947 30.0% D 284 4817 663 Blinds - Umpires Room 31/03/2010 302 218 21.0% D 46 130 172 Blinds - Venetian Slimline 09/09/2010 704 543 25.0% D 136 297 407 Benchs - attached 31/01/2008 1964 1761 3.0% D 53 256 1708 Carpets 01/09/2006 5142 204 48.0% D 98 5036 106 Chairs 01/05/2007 1083 418 20.0% D 84 748 335 Chairs - Megastax (30) 04/11/2010 2850 2375 20.0% D 475 950 1900 Cigarette Butt Dispensers 30/06/2010 455 411 8.4% D 35 78 377 Clock 01/06/2006 1145 379 19.2% D 73 839 306 Couch & Chairs ex Hospice 22/11/2010 209 174 20.0% D 35 70 139 Coat Racks 18/11/2010 1042 955 10.0% D 96 182 860 Desk - Changing Room 24/06/2010 349 308 10.2% D 31 72 277 Hand Cart Trolly 22/12/2010 152 136 16.0% D 22 38 114 Fridge 01/08/2006 1493 513 19.2% D 99 1078 415 Furniture 01/09/2006 28011 7260 24.0% D 1742 22494 5517 Honour Board 31/05/2006 870 82 10.0% D 8 796 74 Honour Board 31/05/2006 5500 3542 10.0% D 354 2313 3187

Side Tables (15) 28/10/2010 1891 1576 20.0% D 315 630 1261 Folding Screens (4) 28/10/2010 348 290 20.0% D 58 116 232 Picture Frames 03/03/2010 2949 2442 12.6% D 308 815 2134 Sketch - Cobham Oval 28/07/2009 791 684 12.6% D 86 193 598 Tables & Chairs 31/12/2007 11772 4308 24.0% D 1034 8498 3274 Trestle Tables (6) 28/10/2010 720 600 20.0% D 120 240 480 Washing Machine - Haier 5kg 11/11/2010 343 279 25.0% D 70 134 209 Dryer - Elba 11/11/2010 278 226 25.0% D 56 109 169 Dryer Bracket 23/11/2010 24 20 25.0% D 5 9 15 Fridge - Haier 11/11/2010 242 197 25.0% D 49 95 147 Fridge Power Connection 01/12/2010 480 404 25.0% 0 100 180 300 TV-Spire Lounge 31/07/2010 1867 1159 36.0% D 417 1125 742 TV - Samsung LCD 26/10/2010 530 353 40.0% D 141 318 212 Sound System 25/06/2008 3645 434 48.0% D 208 3419 225

82631 33193 0 0 6637 56075 26555

These Financial Statements are audited and must be read In conjunction with the Compilation Report attached.

Page 21: Moodys Chartered Accountants - Northland Cricket · • Moodys Chartered Accountants Ch-artered Accountants Tax Experts Business Advisors ... Moodys Chartered Accountant. NORTHLAND

NORTHLAND CRICKET ASSOCIATION INC

Tax Depreciation Schedule For the year ended 31 July 2012

Desc

Bar & Kitchen Equipment

Date Orig Cost Open BV Addns (Sales) Profit (Loss) Depn Method Depn

on Sale Rate Method Type YTD Depn Accum Depn Close BV

Kitchen - Fitout 01/09/2006 38953 16582 16.0% D 2653 25024 13929 Cash Register 28/11/2008 1050 173 173 WRITTEN OFF 0 1050 0 Bar Till Eftpos 01/12/2006 2716 128 48.0% D 61 2649 67 Crockery • 01/09/2006 5000 1 80.4% D 1 5000 0 Coffee Machine 30/04/2008 575 220 25.0% D 55 410 165 Gas BBQ (1/2 Share) 30/11/2007 300 56 36.0% D 20 264 36 Kitchen & Bar Equipment 01/06/2007 2658 593 30.0% D 178 2243 415 Trestle Tables (3) 05/02/2010 323 216 24.0% D 52 159 164 Trolly & Cover 30/11/2009 1042 721 19.2% 0 138 460 582 Cash Register 30/09/2011 550 550 40.0% 0 202 202 348

53167 18689 550 173 3360 37461 15706

TOTAL ASSETS 3,958,312 $ 3,131,903 $ 34,851 $ 173 155,228 $ 946,960 $ 3,011,352

These Financial Statements are audited and must be read in conjunction with the Compilation Report attached.