Special General Meeting 2013-03-17 Discussion

Agenda

Correction to Financial Report FY 2011-2012

Preliminary Financial Report FY11/12 (handle with care) corrected by Michael Tänzer

Currency Rates

Currency rates at the end of the fiscal year:

Summary

The difference is always between the numbers from FY10/11 and the updated numbers from FY11/12 (Report 2013-02-12).

Description

AGM 2012

Report 2013-02-12

Diff.

2010/2011

Current Assets

13718.60 AUD

14613.19 AUD

+1.3%

14432.72 AUD

Current Liabilities

0.00 AUD

3772.41 AUD

+29.9%

2903.75 AUD

Equity

13718.60 AUD

10840.78 AUD

-6.0%

11528.96 AUD

Income

3920.61 AUD

3995.90 AUD

-13.3%

4606.29 AUD

Expenses

2716.53 AUD

4684.08 AUD

-16.2%

5591.86 AUD

Profit

1204.08 AUD

-688.18 AUD

+30.2%

-985.56 AUD

Current Assets

Acc. No. (old)

Account Name

AGM 2012

Report 2013-02-12

Diff.

2010/2011

B212

Accounts Receivable USD

-

143.93 USD is 141.06 AUD1

-

-

B213 (1800)

Accounts Receivable EUR

238.362

-

-

-

B421 (1701)

Westpac Transaction Account

345.68

345.68 AUD

+0.2%

345.05 AUD

B422 (1700)

Westpac Savings Account

11042.51

11042.51 AUD

+3.0%

10720.79 AUD

B423 (1706)

Credit Union Australia

137.25

137.25 AUD

0.0%

137.25 AUD

B431 (1702)

PayPal AUD

1954.80

1954.80 AUD

+144.9%

798.09 AUD

B432 (1703)

PayPal USD

-3

935.84 USD is 917.18 AUD

-61.2%

2366.72 AUD

B433 (1704)

PayPal EUR

-3

60.55 EUR is 74.71 AUD

+15.3%

64.82 AUD

Total Current Assets

13718.60

14613.19 AUD

+1.3%

14432.72 AUD

Current Liabilities

Acc. No. (old)

Account Name

AGM 2012

Report 2013-02-12

Diff.

2010/2011

E111 (31)

Accounts Payable AUD

-

-

-100.0%

1023.40 AUD

E113

Accounts Payable EUR

-

-2000.00 EUR is -2467.80 AUD

-

-

E32

Provisions for bills to receive

-

6240.21 AUD

+231.9%

1880.35 AUD

Total Current Liabilities

-

3772.41 AUD

+29.9%

2903.75 AUD

We made a prepayment of 2000 EUR for hosting to Oophaga without receiving an invoice. But this doesn't cover the costs for a full year so in the updated report there is a provision for bills to receive, the prepayment will be settled with the invoice received in the end of 2012 (but after the FY11/12). The AGM 2012 report just assumed the hosting costs covered and therefore made no provision. As there already was a provision carried over from last year this would mean that only 587.45 AUD in hosting costs would be accounted for the whole year, which is way too low and gives a false impression of our current situation.

Equity

Acc. No. (old)

Account Name

AGM 2012

Report 2013-02-12

Diff.

2010/2011

C3 (41)

Retained earnings (last year)

12514.52 AUD1

11528.96 AUD

-7.9%

12514.52 AUD

PNL (32000)

Retained earnings (this year)

1204.08 AUD

-688.18 AUD

+30.2%

-985.56 AUD

Total Equity

13718.60 AUD

10840.78 AUD

-6.0%

11528.96 AUD

Income

Acc. No. (old)

Account Name

AGM 2012

Report 2013-02-12

Diff.

2010/2011

F1 (4010)

Donations

-

1337.00 AUD

-52.9%

2841.17 AUD

F21 (4150)

Membership Fees

-

459.54 AUD1

-36.7%

726.48 AUD

F22 (4011+4012)

Assurer Certificates

-

124.59 AUD

+19.2%

104.48 AUD

F23 (4015)

Password Reset Service

-

736.28 AUD

+22.7%

599.94 AUD

F3 (4210)

Advertising Income

-

1145.98 AUD2

+786.3%

129.30 AUD

=> Total Own Income

-

3803.39 AUD

-13.6%

4401.37 AUD

G1 (7010)

Interest Income

-

153.85 AUD

-24.9%

204.92 AUD

G2

Income Suspense

-

38.66 AUD

-

-

=> Total Other Income

-

192.51 AUD

-6.1%

204.92 AUD

Total Income

3920.61 AUD

3995.90 AUD

-13.3%

4606.29 AUD

Expenses

Acc. No. (old)

Account Name

AGM 2012

Report 2013-02-12

Diff.

2010/2011

I22

Events

-

-

-100.0%

1023.40 AUD

Software Testing Reward

-

-

-100.0%

117.54 AUD

I74 (6351+6336)

Hosting

-

4500.30 AUD

+17.7%

3822.78 AUD

Hardware

-

-

-100.0%

126.66 AUD

I82 (6120)

Bank Service Charges

-

138.23 AUD

-31.1%

200.53 AUD

I83 (6050)

Exchange Variance

-

45.55 AUD

-84.9%

300.95 AUD

Total Expenses

2716.53 AUD

4684.08 AUD

-16.2%

5591.86 AUD

Profit

AGM 2012

Report 2013-02-12

Diff.

2010/2011

1204.08 AUD

-688.18 AUD

+30.2%

-985.56 AUD

Discussion

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