Financial Report 2014-2015

Currency Rates

Currency rates at the end of the fiscal year:

Summary

Description

2014/2015

Diff.

2013/2014

Current Assets

11342.89 AUD

+93.0%

5876.45 AUD1

Current Liabilities

4600.34 AUD

+578.8%

677.76 AUD

Equity

6742.55 AUD

+29.7%

5198.69 AUD1

Income

5398.31 AUD

+8.4%

4982.09 AUD

Expenses

3854.45 AUD

-28.4%

5384.02 AUD1

Profit

459.77 AUD

-214.4%

-401.93 AUD1

Current Assets

Acc. No.

Account Name

2014/2015

Diff.

2013/2014

B212

Accounts Receivable USD

-130.00 USD is -168.82 AUD2

+89.4%

-83.75 USD is -89.14 AUD

B213

Accounts Receivable EUR

206.84 EUR is 299.57 AUD

+37.1%

150.28 EUR is 218.46 AUD

B421

Westpac Transaction Account

441.10 AUD

+0.3%

439.66 AUD

B422

Westpac Savings Account

1577.12 AUD

+31.4%

1200.05 AUD

B423

Credit Union Australia

137.25 AUD

+0.0%

137.25 AUD

B431

PayPal AUD

4472.76 AUD

+144.0%

1833.18 AUD

B432

PayPal USD

138.25 USD is 179.53 AUD

-85.6%

1171.7 USD is 1247.11 AUD1

B433

PayPal EUR

3041.06 EUR is 4404.38 AUD

+394.9%

612.15 EUR is 889.88 AUD1

Total Current Assets

11342.89 AUD

+93.0%

5876.45 AUD1

Current Liabilities

Acc. No.

Account Name

2014/2015

Diff.

2013/2014

E113

Accounts Payable EUR

3101.36 EUR is 4491.72 AUD3

-338.5%

-1060.21 EUR is -1541.23 AUD

E32

Provisions for bills to receive

108.62 AUD4

-95.1%

2218.99 AUD

Total Current Liabilities

4600.34 AUD

+578.8%

677.76 AUD

Equity

Acc. No.

Account Name

2014/2015

Diff.

2013/2014

C3

Retained earnings (last year)

6282.78 AUD1

+12.2%

5600.62 AUD

PNL

Retained earnings (this year)

459.77 AUD1

-214.4%

-401.93 AUD1

Total Equity

6742.55 AUD

+29.7%

5198.69 AUD1

Income

Acc. No.

Account Name

2014/2015

Diff.

2013/2014

F1

Donations

2777.04 AUD

+9.8%

2529.11 AUD

F21

Membership Fees

897.36 AUD5

-10.9%

1006.98 AUD

F22

Assurer Certificates

80.28 AUD

-59.5%

198.08 AUD

F23

Password Reset Service

809.87 AUD

+31.5%

615.70 AUD

F3

Advertising Income

832.20 AUD

+35.0%

616.24 AUD

=> Total Own Income

5396.75 AUD

+8.7%

4966.11 AUD

G1

Interest Income

1.56 AUD

-1.9%

1.59 AUD

G2

Income Suspense

0 AUD6

-100.0%

14.39 AUD

=> Total Other Income

1.56 AUD

-90.2%

15.98 AUD

Total Income

5398.31 AUD

+8.4%

4982.09 AUD

Expenses

Acc. No.

Account Name

2014/2015

Diff.

2013/2014

I74

Hosting

3916.86 AUD

-15.0%

4610.34 AUD

I82

Bank Service Charges

220.74 AUD7

-35.1%

340.02 AUD

I83

Exchange Variance

-283.15 AUD8

-165.3%

433.66 AUD1

Total Expenses

3854.45 AUD

-28.4%

5384.02 AUD1

Profit

Acc. No.

Description

2014/2015

Diff.

2013/2014

-

Regular Profit

1543.86 AUD

-484.1%

-401.93 AUD1

J

Extraordinary Items

-1084.09 AUD1

-

Total Profit

459.77 AUD

-214.4%

-401.93 AUD1

Conclusion

The reduced hosting costs and the increase in donations are a real life-saver for us and even gave us a decent regular profit so that we can save some money for more daunting times. Because the AUD continues to be weak, we should continue to restructure our income side to be more EUR-based, so that we are more independent from currency exchange rates and the fees that come with it. For example we could make the currency on the donations button selectable and make EUR the default.


AGM/FinancialReport/2015 (last edited 2015-09-27 21:10:10 by MichaelTänzer)