Financial Report 2012-2013

Currency Rates

Currency rates at the end of the fiscal year:

Summary

Description

2012/2013

Diff.

2011/2012

Current Assets

9474.17 AUD

-35.2%

14613.19 AUD

Current Liabilities

3873.55 AUD

+2.7%

3772.41 AUD

Equity

5600.62 AUD

-48.3%

10840.78 AUD

Income

3336.77 AUD

-16.5%

3995.90 AUD

Expenses

8576.93 AUD

+83.1%

4684.08 AUD

Profit

-5240.16 AUD

+661.5%

-688.18 AUD

Current Assets

Acc. No.

Account Name

2012/2013

Diff.

2011/2012

B212

Accounts Receivable USD

523.93 USD is 567.63 AUD

+302.4%

143.93 USD is 141.06 AUD

B421

Westpac Transaction Account

286.10 AUD

-17.2%

345.68 AUD

B422

Westpac Savings Account

3220.24 AUD

-70.8%

11042.51 AUD

B423

Credit Union Australia

137.25 AUD

+0.0%

137.25 AUD

B431

PayPal AUD

3058.16 AUD

+56.4%

1954.80 AUD

B432

PayPal USD

1969.22 USD is 2133.47 AUD

+132.6%

935.84 USD is 917.18 AUD

B433

PayPal EUR

50.33 EUR is 71.32 AUD

-4.5%

60.55 EUR is 74.71 AUD

Total Current Assets

9474.17 AUD

-35.2%

14613.19 AUD

Current Liabilities

Acc. No.

Account Name

2012/2013

Diff.

2011/2012

E113

Accounts Payable EUR

456.00 EUR is 646.20 AUD2

-126.1%

-2000.00 EUR is -2467.80 AUD

E32

Provisions for bills to receive

3227.35 AUD3

-48.3%

6240.21 AUD

Total Current Liabilities

3873.55 AUD

+2.7%

3772.41 AUD

Equity

Acc. No.

Account Name

2012/2013

Diff.

2011/2012

C3

Retained earnings (last year)

10840.78 AUD

-6.0%

11528.96 AUD

PNL

Retained earnings (this year)

-5240.16 AUD

+661.5%

-688.18 AUD

Total Equity

5600.62 AUD

-48.3%

10840.78 AUD

Income

Acc. No.

Account Name

2012/2013

Diff.

2011/2012

F1

Donations

1391.72 AUD

+4.1%

1337.00 AUD

F21

Membership Fees

924.88 AUD

+101.3%

459.54 AUD

F22

Assurer Certificates

49.78 AUD

-60.0%

124.59 AUD

F23

Password Reset Service

492.79 AUD

-33.1%

736.28 AUD

F3

Advertising Income

449.95 AUD5

-60.7%

1145.98 AUD

=> Total Own Income

3309.12 AUD

-13.0%

3803.39 AUD

G1

Interest Income

8.39 AUD

-94.5%

153.85 AUD

G2

Income Suspense

19.26 AUD

-50.2%

38.66 AUD

=> Total Other Income

27.65 AUD

-85.6%

192.51 AUD

Total Income

3336.77 AUD

-16.5%

3995.90 AUD

Expenses

Acc. No.

Account Name

2012/2013

Diff.

2011/2012

I22

Events

476.42 AUD6

-

-

I74

Hosting

6937.05 AUD7

+54.1%

4500.30 AUD

I75

Other Computer Costs

561.24 AUD8

-

-

I82

Bank Service Charges

652.41 AUD7

+372.0%

138.23 AUD

I83

Exchange Variance

-50.19 AUD

-210.2%

45.55 AUD

Total Expenses

8576.93 AUD

+83.1%

4684.08 AUD

Profit

2012/2013

Diff.

2011/2012

-5240.16 AUD

+661.5%

-688.18 AUD

Conclusion

The increased loss is mainly due to exceptional costs for the hosting payment but other things like less advertising income, the supported events and the investment in the new infrastructure server did also contribute to this situation. In the long run we need to cut the hosting costs on one hand (we plan to reduce our rack space to half a rack and get rid of the phone line), bank transfer charges (I'm currently investigating a bank account in Europe but that comes with some fees and bureaucracy too) and on the other hand increase our income. Question is, if we want to do that through donations or go the advertisement route again.


AGM/FinancialReport/2013 (last edited 2013-11-07 15:07:00 by MichaelTänzer)