Annual Report 2018/19

STATEMENT OF CHANGES IN CLUB FUNDS Year ended 30 June 2019

Operating Fund

Total Funds

Capital Fund

Net investment in property, plant and equipment $

Before 1 July 2018

Renewal and replacement fund $

Total Capital fund $

Security fund $

Legacy fund $

$

$

(Note 13)

Balance at 1 July 2017 3,200,005 25,247,107 64,097,668 3,600,000 10,845,057 103,789,832 106,989,837

Legacy Fund drawn down for current year income tax expense Legacy Fund drawn down for topping up of Operating Fund (Loss) Income net of tax, before net investment gain

110,267

-

-

-

(110,267)

(110,267)

-

5,488,470

-

-

- (5,488,470) (5,488,470)

-

(5,598,737) (4,084,722)

2,562,890

-

- (1,521,832)

(7,120,569)

Net investment gain

-

-

759,512

-

-

759,512

759,512

Other comprehensive loss for the year

-

-

-

-

(1,407)

(1,407)

(1,407)

Total comprehensive (loss) income for the year Amount transferred for capital expenditure

- (4,084,722)

3,322,402

- (5,600,144) (6,362,464) (6,362,464)

-

31,462,507 (31,462,507)

-

-

-

-

3,200,005 52,624,892 35,957,563 3,600,000 5,244,913 97,427,368 100,627,373

Balanceat 30June2018

See accompanying notes to financial statements.

34

The American Club 2018/19 ANNUAL REPORT