Hillsdale Bowling & Recreation Club Ltd 000 389 784 ... · Departmental Trading Statement. ......

Hillsdale Bowling & Recreation Club Ltd 000 389 784 Financial Statements For the Year ended 30 June 2017

Hillsdale Bowling & Recreation Club Ltd 000 389 784 Income Statement For the Year ended 30 June 2017 Note 2017 2016 $ $ Revenue 1,393,827 1,149,238 Expenses excluding Finance Costs 1,351,108 1,262,339 Finance Costs 34 178 Profit Attributable to Members of the Company 42,685 (113,279)

The accompanying notes form part of these financial statements. These financial statements should be read in conjunction with the attached Independent Auditors Report..

Hillsdale Bowling & Recreation Club Ltd 000 389 784 Balance Sheet As at 30 June 2017 Note 2017 2016 $ $ Current Assets Cash and Cash Equivalents 1,096,722 1,073,246 Trade and Other Receivables 3 75 4,000 Inventories 4 22,530 21,974 Other 5 18,314 41,595 Total Current Assets 1,137,641 1,140,815 Non-Current Assets Property, Plant and Equipment 6 8,306,732 8,266,926 Total Non-Current Assets 8,306,732 8,266,926 Total Assets 9,444,373 9,407,741 Current Liabilities Trade and Other Payables 7 37,021 52,673 Financial Liabilities 8 - 1,151 Provisions 9 50,824 40,072 Total Current Liabilities 87,845 93,896 Total Liabilities 87,845 93,896 Net Assets 9,356,528 9,313,845 Equity Reserves 10 7,317,493 7,317,493 Retained Profits 11 2,039,035 1,996,352 Total Equity 9,356,528 9,313,845


Hillsdale Bowling & Recreation Club Ltd 000 389 784 Balance Sheet As at 30 June 2017 2017 2016 $ $ Share Capital and Reserves Paid Up Capital Asset Revaluation Reserve 7,317,493 7,317,493 Unappropriated Profit 2,039,035 1,996,352 Total Share Capital and Reserves 9,356,528 9,313,845 Represented by: Current Assets Cash on Hand - Hopper 54 54 - Bar Floats 5,750 5,750 - Club 21,961 26,007 - Keno & TAB Float 2,800 2,800 - ATM 11,000 8,000 Clearing Account - EFT POS Clearing 1,573 315 - Keno Clearing (1,015) (578) - ATM Clearing Account 4,850 3,490 - TAB Clearing (1,790) (2,085) Deposits 5,000 5,000 Cash at Bank 1,613 - Cash at Bank 21,198 2,916 Cash at Bank 4,793 - Cash at Bank 55,949 1,021,577 Cash at Bank 962,986 - Trade Debtors 75 4,000 Prepayments 18,314 41,595 Stock on Hand 22,530 21,974 1,137,641 1,140,815 Non-Current Assets Freehold Land 144,861 144,861 Freehold Land 14,913 14,913 Freehold Land 2,314 2,314 Property Revaluation 6,840,541 6,840,541 7,002,629 7,002,629 Property Improvements 1,574,579 1,476,012 Less Accumulated Depreciation & Impairment 472,454 394,758 1,102,125 1,081,254


Hillsdale Bowling & Recreation Club Ltd 000 389 784 Balance Sheet As at 30 June 2017 2017 2016 $ $ Plant & Equipment 202,345 223,000 Less Accumulated Depreciation & Impairment 142,285 158,881 60,060 64,119 Office Furniture & Equipment 64,107 65,727 Less Accumulated Depreciation & Impairment 48,063 51,663 16,044 14,064 Poker Machines 303,945 267,665 Less Accumulated Depreciation & Impairment 178,071 162,805 125,874 104,860 8,306,732 8,266,926 Total Assets 9,444,373 9,407,741 Current Liabilities Bank Overdraft - 474 Bank Overdraft - 677 Trade Creditors 23,120 44,956 Other Creditors 7,081 7,591 Provision for Holiday Pay 27,268 17,814 Provision for Long Service Leave 23,556 22,258 GST Liability 6,820 126 87,845 93,896 Total Liabilities 87,845 93,896 Net Assets 9,356,528 9,313,845

The accompanying notes form part of these financial statements. These financial statements should be read in conjunction with the attached Independent Auditors Report.

Hillsdale Bowling & Recreation Club Ltd 000 389 784 Statement of Changes in Equity For the Year ended 30 June 2017 2017 2016 $ $ Opening Balance 9,313,843 9,452,282 Retained Earnings Profit Attributable to Shareholders 42,685 (138,434) 42,685 (138,434) Closing Balance 9,356,528 9,313,843 Reconciliation of Retained Earnings Opening Balance 1,996,350 2,134,788 Profit Attributable to Shareholders 42,685 (138,434) Closing balance 2,039,035 1,996,350 Reconciliation of Reserves Asset Revaluation Reserve Opening Balance for the year 7,317,493 7,317,493 Closing Balance 7,317,493 7,317,493


Hillsdale Bowling & Recreation Club Ltd ACN: 000 389 784 Statement of Cash Flows As at 30 June 2017 Note 2017 2016 $ $ CASH FLOW FROM OPERATING ACTIVITIES Receipts from customers 1,353,458 1,101,227 Payments to suppliers and employees (1,172,822) (1,149,359) Interest Paid (34) (178) Net cash provided by (used in) operating activities 13 180,602 (48,310) CASH FLOW FROM INVESTING ACTIVITIES Sale of property, plant and equipment 14,549 16,504 Purchase of property, plant and equipment (186,889) (302,278) Interest Received 16,368 15,710 Net cash provided by (used in) investing activities (155,972) 270,064 CASH FLOW FROM FINANCING ACTIVITIES Repayment of borrowings - - Net cash provided by (used in) financing activities - - Net increase (decrease) in cash held 24,631 (318,374) Cash at the beginning of financial year 1,072,093 1,390,467 Cash at End of Financial Year 1,095,581 1,072,093


Hillsdale Bowling & Recreation Club Ltd 000 389 784 Departmental Trading Statement For the Year ended 30 June 2017 2017 2016 $ $ BAR TRADING Income Sales - Bar 583,094 442,384 Sales - Cigarette 193 14,304 Trading Unders & Overs (346) - 582,941 456,688 Less Cost of Sales Opening Stock - Bar 21,974 14,330 Opening Stock - Cigarette - 918 Purchases - Liquor 246,973 201,884 Purchases - Non Liquor 21,828 19,622 Purchases - Bar Supplies 6,133 6,337 Purchases - Cigarettes - 8,938 296,908 252,029 Closing Stock - Bar 22,530 21,974 274,378 230,055 308,563 226,633 Less Direct Expenses Direct Wages - Bar 190,458 170,577 Repairs & Maintenance 4,757 8,290 Stocktaking Fee 4,224 3,100 199,439 181,967 Gross Profit 109,124 44,666 Gross Profit Margin 18.7% 9.8%


Hillsdale Bowling & Recreation Club Ltd 000 389 784 Departmental Trading Statement For the Year ended 30 June 2017 2017 2016 $ $ POKER MACHINE TRADING Income Net Sales - Poker Machines 703,006 593,448 GST Rebate 17,180 17,180 720,186 610,628 Less Cost of Sales Poker Machines Expenses 9,784 9,752 9,784 9,752 710,402 600,876 Less Direct Expenses Depreciation 31,798 28,780 Direct Wages - Poker Machines 21,162 18,953 Repairs & Maintenance 6,154 10,753 59,114 58,486 Gross Profit 651,288 542,390 Gross Profit Margin 90.4% 88.8%


Hillsdale Bowling & Recreation Club Ltd 000 389 784 Departmental Trading Statement For the Year ended 30 June 2017 2017 2016 $ $ TAB & KENO TRADING Income Sales - Commission Received Keno 18,248 10,992 Sales - Commission Received TAB 17,991 12,842 36,239 23,834 Less Cost of Sales Purchases - SKY Subscriptions 19,394 18,773 19,394 18,773 Gross Profit 16,845 5,061 Gross Profit Margin 46.5% 21.2%


Hillsdale Bowling & Recreation Club Ltd 000 389 784 Departmental Trading Statement For the Year ended 30 June 2017 2017 2016 $ $ BOWLING & GREENS TRADING Income Members Fees 8,462 4,905 Green Fees 6,275 4,647 14,737 9,552 Less Cost of Sales Catering Expenses 6,584 6,197 Repairs & Maintenance 24,425 19,279 Association & Competition Fees 4,715 9,176 Bowling Equipment & Products 16,230 1,930 51,954 36,582 (37,217) (27,030) Less Direct Expenses Wages - Greens 80,804 76,740 80,804 76,740 Gross Loss (118,021) (103,770)


Hillsdale Bowling & Recreation Club Ltd 000 389 784 Departmental Trading Statement For the Year ended 30 June 2017 2017 2016 $ $ MEMBERS & HIRING TRADING Income Social Functions 1,071 8,579 1,071 8,579 Less Cost of Sales Entertainment Expenses 46,905 42,650 Badge Draw & Members Prizes 36,355 22,947 83,260 65,597 Gross Loss (82,189) (57,018)


Hillsdale Bowling & Recreation Club Ltd 000 389 784 Consolidated Profit and Loss Statement For the Year ended 30 June 2017 2017 2016 $ $ Income Commissions Received 12,038 7,420 Interest Received - Other Corporations 16,368 15,710 Rebates 3,427 814 Recoveries - Insurance - 892 Capital Gain(Loss) on Sale of Non-current Assets 6,820 15,121 Loss on Sale of Non-current Assets (8,622) - Gross Profit from Trading 577,047 431,329 Profit from Extraordinary Items after Income Tax - (25,155) 607,078 446,131 Expenditure Advertising 4,326 10,598 Auditor's Remuneration - Audit & review of financial statements 12,000 12,000 - Other Services 7,840 29,180 Bank Charges 4,972 2,403 Caterer’s Subsidy 40,902 21,605 Cleaning 47,408 42,260 Computer Expenses 4,719 3,104 Depreciation 98,935 92,335 Directors' Emoluments 3,049 1,500 Donations 1,495 - Employees' Entitlements 10,753 7,817 Filing Fees 420 7,059 Fines & Penalties - (1,700) Insurance 31,441 25,797 Interest Paid - Other Persons/Corporations 34 76 - ATO - 102 Legal Costs 3,477 17,788 Light & Power 43,182 39,153 Motor Vehicle Expenses - 226 Pay TV 21,804 19,425 Printing & Stationery 2,782 4,612 Rates & Taxes 34,325 36,641 Repairs & Maintenance 26,881 35,337 Salaries 81,827 110,773 Security Costs 35,272 24,576 Staff Training & Welfare 1,605 1,484 Subscriptions 9,357 3,916


Hillsdale Bowling & Recreation Club Ltd 000 389 784 Consolidated Profit and Loss Statement For the Year ended 30 June 2017 2017 2016 $ $ Superannuation Contributions 30,318 31,354 Telephone 4,956 4,806 Travelling Expenses - 338 Uniforms 313 - 564,393 584,565 Profit before Income Tax 42,685 (138,434)


Hillsdale Bowling & Recreation Club Ltd 000 389 784 Notes to the Financial Statements For the Year ended 30 June 2017 1. Summary of Significant Accounting Policies (a) Basis of Preparation

The directors have prepared the financial statements on the basis that the company is a non-reporting entity because there are no users dependent on general purpose financial statements. The financial statements are therefore special purpose financial statements that have been prepared in order to meet the needs of members.

The financial statements have been prepared in accordance with the significant accounting policies disclosed below which the directors have determined are appropriate to meet the purposes of preparation. Such accounting policies are consistent with the previous period unless otherwise stated.

The financial statements have been prepared on an accruals basis and are based on historical costs unless otherwise stated in the notes.

(b) Cash and Cash Equivalents

Cash and cash equivalents comprises cash on hand, demand deposits and short term investments which are readily convertible to known amounts of cash and which are subject to an insignificant risk of change in value. Bank overdrafts also form part of cash equivalents and presented within current liabilities on the balance sheet.

(c) Provisions

Provisions are recognised when the company has a legal or constructive obligation, as a result of past events, for which it is probable that an outflow of economic benefits will result and that outflow can be reliably measured.

(d) Employee Benefits

Provision is made for the company’s liability for employee benefits arising from services rendered by employees to the end of the reporting period. Employee benefits have been measured at the amounts expected to be paid when the liability is settled, plus related on-costs.

Defined Contribution Schemes

Obligations for contributions to defined contribution superannuation plans are recognised as an employee benefit expense in profit or loss in the periods in which services are provided by employees.

(e) Property, Plant and Equipment

Property, plant and equipment are carried at cost, independent or directors' valuation. All assets excluding freehold land, are depreciated over their useful lives to the company. Leasehold improvements and office equipment are carried at cost less, where applicable, any accumulated depreciation.


Hillsdale Bowling & Recreation Club Ltd 000 389 784 Notes to the Financial Statements For the Year ended 30 June 2017 (f) Inventories

Inventories are measured at the lower of cost and net realisable value. Cost of inventory is determined using the first in first out basis and are net of any rebates and discounts received.

(g) Revenue and Other Income

Revenue is recognised when the amount of the revenue can be measured reliably, it is probable that economic benefits associated with the transaction will flow to the entity and specific criteria relating to the type of revenue as noted below, has been satisfied. Revenue is measured at the fair value of the consideration received or receivable and is presented net of returns, discounts and rebates. All revenue is stated net of the amount of goods and services tax (GST).

Sale of Goods

Revenue is recognised on transfer of goods to the customer as this is deemed to be the point in time when risks and rewards are transferred and there is no longer any ownership or effective control over the goods.

Interest Revenue Interest is recognised using the effective interest method. Rendering of Services

Revenue in relation to rendering of services is recognised depends on whether the outcome of the services can be measured reliably. If this is the case then the stage of completion of the services is used to determine the appropriate level of revenue to be recognised in the period.

If the outcome cannot be reliably measured then revenue is recognised to the extent of expenses recognised that are recoverable.

(h) Goods and Services Tax (GST)

Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Taxation Office (ATO). In these circumstances, the GST is recognised as part of the cost of acquisition of the asset or as part of an item of the expense. Receivables and payables are stated inclusive of the amount of GST receivable or payable. The net amount of GST recoverable from, or payable to, the ATO is included with other receivables or payables in the balance sheet.


Hillsdale Bowling & Recreation Club Ltd 000 389 784 Notes to the Financial Statements For the Year ended 30 June 2017 2017 2016 $ $ 2. Profit for the Year

Profit before income tax expense from continuing operations includes the following specific expenses: Charging as Expense Cost of Goods Sold 438,770 360,759 Finance Costs 34 178 Movements in Provisions Depreciation - Direct Expense Depreciation 31,798 28,780 - Depreciation of Property, Plant and Equipment 98,935 92,335 130,733 121,115

Net Expenses Resulting from Movement in Provisions

130,733

121,115

Remuneration of the Auditor:- - Audit & review of financial statements 12,000 12,000 - Other services 7,840 29,180 19,840 41,180 3. Trade and Other Receivables Current Trade Debtors 75 4,000 Total Trade and Other Receivables 75 4,000 4. Inventories Current Stock on Hand 22,530 21,974 22,530 21,974 Total Inventories 22,530 21,974


Hillsdale Bowling & Recreation Club Ltd 000 389 784 Notes to the Financial Statements For the Year ended 30 June 2017 2017 2016 $ $ 5. Other Current Prepayments 18,314 41,595 18,314 41,595 6. Property, Plant and Equipment Land and Buildings Freehold Land 144,861 144,861 144,861 144,861 Freehold Land 14,913 14,913 14,913 14,913 Freehold Land 2,314 2,314 2,314 2,314 Property Revaluation 6,840,541 6,840,541 6,840,541 6,840,541 Property Improvements 1,574,579 1,476,012 Less Accumulated Depreciation & Impairment 472,454 394,758 1,102,125 1,081,254 Total Land and Buildings 8,104,754 8,083,883 Plant and Equipment Plant & Equipment 202,345 223,000 Less Accumulated Depreciation & Impairment 142,285 158,881 60,060 64,119 Office Furniture & Equipment 64,107 65,727 Less Accumulated Depreciation & Impairment 48,063 51,663 16,044 14,064 Poker Machines 303,945 267,665 Less Accumulated Depreciation & Impairment 178,071 162,805 125,874 104,860 Total Plant and Equipment 201,978 183,043 Total Property, Plant and Equipment 8,306,732 8,266,926


Hillsdale Bowling & Recreation Club Ltd 000 389 784 Notes to the Financial Statements For the Year ended 30 June 2017 2017 2016 $ $ 7. Trade and Other Payables Current Trade Creditors 23,120 44,956 Other Creditors 7,081 7,591 GST Liability 6,820 126 37,021 52,673 Total Trade and Other Payables 37,021 52,673 8. Financial Liabilities Current Bank Overdraft - 474 Bank Overdraft - 677 - 1,151 Total Financial Liabilities - 1,151 9. Provisions Current Provision for Holiday Pay 27,268 17,814 Provision for Long Service Leave 23,556 22,258 50,824 40,072 Total Provisions (50,824) (40,072) 10. Reserves Asset Revaluation Reserve 7,317,493 7,317,493 7,317,493 7,317,493


Hillsdale Bowling & Recreation Club Ltd 000 389 784 Notes to the Financial Statements For the Year ended 30 June 2017 2017 2016 $ $ 11. Retained Earnings

Retained Earnings at the Beginning of the Financial Year

1,996,350

2,134,786

Add Net profit attributable to members of the company 42,685 - Less Net loss attributable to members of the company - 113,280

Loss from Extraordinary Items after Related Income Tax

-

25,155

Retained Earnings at the End of the Financial Year 2,039,035 1,996,350 12. Company Details

The registered office of the company is: Hillsdale Bowling & Recreation Club Ltd 49 Rhodes St, HILLSDALE, NSW, 2036 The principal place of business is: Hillsdale Bowling & Recreation Club Ltd 49 Rhodes St, HILLSDALE, NSW, 2036

The company is limited by guarantee, with the liability of members limited to $4.00 as set out in the club’s constitution


Hillsdale Bowling & Recreation Club Ltd 000 389 784 Notes to the Financial Statements For the Year ended 30 June 2017

13. Cash Flow Information

Reconciliation of Cash Flow from Operations with Profit after Income Tax Profit/(Loss) after Income Tax 42,685 (138,435) Less: Interest Received (16,368) (15,710) Adjustments for Non-Cash Components in Profit Depreciation & Adjustments on Disposal 132,535 101,992 Changes in Assets and Liabilities Decrease (Increase) in Receivables 27,206 (20,910) (Increase) Decrease in Inventories (556) (6,726) Increase (Decrease) in Creditors & Accruals (15,652) 23,662 Increase (Decrease) in Provisions 10,753 7,817 Net Cash Increase (Decrease) in Cash Held 180,602 (48,310)

14. Events Subsequent to Reporting Date

From 30 June 2017 to the date of this report, there has been no subsequent event that would have a material effect on the financial position of the club except as disclosed in these financial statements.

15. Core and Non Core Property

Section 41J of the Registered Clubs Act 1976 requires the club to disclose its core and non-core property as defined in the annual report. The Club’s core property comprises the defined premises of the club situated at 49 Rhodes St, Hillsdale, NSW, 2219.

The Club has no non-core property.

These notes form part of these financial statements.

These financial statements should be read in conjunction with the attached Independent Auditors Report

Hillsdale Bowling & Recreation Club Ltd 000 389 784 Directors' Report for the Year Ended 30 June 2017 The directors present their report on the company for the financial year ended 30 June 2017. Information on Directors

The names of each person who has been a director during the year and to the date of this report are:

A Cullen A Taylor F Eastwood K Elson C McNicholas L Spowart H Yasar Appointed October 2016 N Radiva Appointed October 2016 / Resigned April 2017 A Hutcheson Appointed October 2016 Directors have been in office since the start of the financial year to the date of this report unless otherwise stated. Meetings of Directors The following table sets out the number of meetings held by the Club’s Board of Directors during the financial year. There were 12 Board Meetings held Name No. of Meetings Attended A Cullen 12 12 A Taylor 12 12 F Eastwood 12 7 K Elson 12 10 C McNicholas 12 10 L Spowart 12 12 H Yasar 8 7 N Radiva 5 3 A Hutcheson 8 6

Principal Activities The principal activities of the company during the financial year were that of a registered Bowling Club. No significant changes in the nature of the Company's activity occurred during the financial year. Operating Results The profit of the company after providing for income tax amounted to $42,685.

Hillsdale Bowling & Recreation Club Ltd 000 389 784 Directors' Report for the Year Ended 30 June 2017 Significant Changes in State of Affairs

There have been no significant changes in the state of affairs of the company during the financial year.

Events After the Reporting Date

No matters or circumstances have arisen since the end of the financial year which significantly affected or may significantly affect the operations of the company, the results of those operations, or the state of affairs of the company in future financial years.

Future Developments and Results

Likely developments in the operations of the company and the expected results of those operations in future financial years have not been included in this report as the inclusion of such information is likely to result in unreasonable prejudice to the company.

Environmental Issues

The company’s operations are not regulated by any significant environmental regulation under a law of the Commonwealth or of a state or territory of Australia.

Indemnification and Insurance of Officers and Auditors

No indemnities have been given or insurance premiums paid, during or since the end of the financial year, for any person who is or has been an officer or auditor of the company.

Auditor's Independence Declaration

The lead auditor's independence declaration in accordance with section 307C of the Corporations Act 2001, for the year ended 30 June 2017 has been received and is included with the financial statements.

Signed in accordance with a resolution of the Board of Directors: A Cullen A Taylor Director Director Dated this................day of.................................... 2017

Hillsdale Bowling & Recreation Club Ltd 000 389 784 Directors' Declaration for the Year Ended 30 June 2017

The directors have determined that the company 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.

The directors of the company declare that:

1. the financial statements and notes for the year ended 30 June 2017 are in accordance with the Corporations Act 2001 and:

a. comply with Australian Accounting Standards as stated in Note 1; and

b. give a true and fair view of the company’s financial position as at 30 June 2017 and of its performance for the year ended on that date in accordance with the accounting policies described in Note 1 to the financial statements.

2. in the directors’ opinion, there are reasonable grounds to believe that the company will be able to pay its debts as and when they become due and payable.

This declaration is made in accordance with a resolution of the Board of Directors. A Cullen A Taylor Director Director Dated this................day of.................................... 2017

Hillsdale Bowling & Recreation Club Ltd 000 389 784

Independent Auditor's Report to the Members of

Hillsdale Bowling & Recreation Club Ltd

Report on the Financial Report

We have audited the accompanying financial report of Hillsdale Bowling & Recreation Club Ltd (the company), which comprises the balance sheet as at 30 June 2017, and the income statement for the year then ended, notes comprising a summary of significant accounting policies and other explanatory information, and the directors’ declaration.

Directors' Responsibility for the Financial Report The directors of the company are responsible for the preparation of the financial report that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable the preparation of the financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error.

In Note 1, the directors also state, in accordance with Accounting Standard AASB 101 Presentation of Financial Statements, that the financial statements comply with International Financial Reporting Standards.

Auditor’s Responsibility Our responsibility is to express an opinion on the financial report based on our audit. We conducted our audit in accordance with Australian Auditing Standards. Those standards require that we comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance about whether the financial report is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial report, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the company's preparation of the financial report that gives a true and fair view, in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the directors, as well as evaluating the overall presentation of the financial report.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Independence In conducting our audit, we have complied with the independence requirements of the Australian professional ethical pronouncements.

Andrew Finney B Com FCA

Peter Cunneen B Bus FCA

Amanda McHugh B Fin Admin CA

Suite 7, 2-4 Northumberland Drive,Caringbah NSW 2229

PO Box 2606, Taren Point 2229

p 02 9531 0201 f 02 9531 1632www.�nncorp.com.au

ABN 50 161 567 013 Liability limited by a Scheme,approved under the Professional Standards Legislation

Hillsdale Bowling & Recreation Club Ltd 000 389 784

Independent Auditor's Report to the Members of

Hillsdale Bowling & Recreation Club Ltd

Opinion In our opinion:

a. the financial report of Hillsdale Bowling & Recreation Club Ltd is in accordance with the Corporations Act 2001, including:

i. giving a true and fair view of the company’s financial position as at30 June 2017 and of its performance for the year ended on that date; and

ii. complying with Australian Accounting Standards andthe Corporations Regulations 2001; and

b. the financial report also complies with International Financial Reporting Standards as disclosed in Note 1.

Andrew Finney Finncorp Auditors Pty Limited Suite 7, 2-4 Northumberland Dr, CARINGBAH Dated this 6th day of September 2017

Auditors Independence Declaration Under Section 307C of the Corporations Act 2001 To the Directors of Hillsdale Bowling & Recreation Club Ltd

I declare that, to the best of my knowledge and belief, during the year ended 30 June 2017, there have been:

a) no contraventions of the auditor independence requirements as set out in the Corporations Act 2001 in relation to the audit; and

b) no contraventions of any applicable code of professional conduct in relation to the audit.

Andrew Finney Finncorp Auditors Pty Limited Suite 7, 2-4 Northumberland Dr, CARINGBAH Dated this 6th day of September 2017

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Hillsdale Bowling & Recreation Club Ltd 000 389 784 ... · Departmental Trading Statement. ......

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