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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 4: KEY MANAGEMENT PERSONNEL COMPENSATION

The key management personnel (KMP) consists of the Chief Executive Officer, Course
Superintendent, House Manager, Club Professional, Marketing & Communication
Manager and Chief Chef, were responsible for planning, directing and controlling of the
Club operations.

The remuneration paid to key management personnel (KMP) was as follows:

2014 2013
$ $
541,781
Key management personnel compensation 667,210

NOTE 5: CASH AND CASH EQUIVALENT 2014 2013
$ $
Cash on hand 6,422 6,422
Cash at bank 675,673
406,416
682,095
412,838

The effective interest rate on cash at bank mainly deposits 2014 2013
at call was 2.2% (2013:2.6%) $ $

Reconciliation of cash
Cash at the end of the financial year as shown in the
statement of
cash flows is reconciled to items in the statement of
financial position as follows:

Cash and cash equivalents 412,838 682,095
412,838 682,095
NOTE 6: TRADE AND OTHER RECEIVABLES
2014 2013
CURRENT $ $
Trade receivables
Less: Provision for doubtful debts 136,720 196,462
Total current trade and other receivables (16,130) (30,000)
120,590 166,462

NON CURRENT 63,615 68,915
Trade receivables

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