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Annual Report 2013-2014
Financial Report for the Year Ended 31 August 2014

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2014

NOTE 2: REVENUE 2014 2013
$ $
a. Revenue from operations
Bar revenue 955,763 890,640
Catering revenue 524,298 489,470
Golf retail sales 295,914 298,347
Other income from golf operations 529,127 542,269
Membership income 3,055,274 2,868,557
5,360,376 5,089,283
b. Non-operating revenue
Other income 53,050 40,394
Net profit/(loss) on disposal of assets (1,339) (18,276)
Interest income (on financial assets not at fair value through
profit or loss) 32,035 33,711
83,746 55,829

NOTE 3: PROFIT FOR THE YEAR 2014 2013
$ $
Expenses
Cost of sales 432,811 409,061
Bar cost of goods sold 260,451 247,262
Catering cost of goods sold 212,042 149,139
Golf retail sales cost of goods sold 905,304 805,462

Other Expenses 2,404,973 2,227,264
Employee benefits expenses 471,766 517,742
Depreciation and amortisation expenses 587,201 465,279
Administration expenses 388,887 373,697
Greens expenses 401,477 357,061
House expenses 5,742 3,268
Bar expenses 36,674 28,406
Catering expenses 217,811 237,100
Golf operations expenses
4,514,531 4,209,817
Total 5,419,835 5,015,279

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