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Annual Report 2013-2014
Financial Report for the Year Ended 31 August 2014
ADDITIONAL MEMBER INFORMATION
TRADING ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2014
2014 2013
$ $
GOLF OPERATIONS TRADING ACCOUNT 298,347
(149,139)
GOLF RETAIL TRADING ACCOUNT 295,914
Golf retail revenue (212,042) 149,208
Less: Golf retail cost of goods sold
Gross profit from golf retail trading 83,872 210,650
89,329
OTHER INCOME FROM GOLF OPERATIONS 216,283 42,391
Competition fees 89,125 59,778
Green fees 14,290 44,188
Trade day green fees 73,664 33,350
Motorised cart rental 48,103 62,583
Club and buggy storage 27,594
Lessons 60,068 542,269
Driving range
529,127
LESS OPERATING EXPENSES (326,921) (292,105)
Employee expenses (157,194) (162,015)
Trophies
Junior development (8,499) (9,466)
Motorised cart expenses (40,136) (34,802)
Sundry expenses (11,982) (30,816)
(544,732) (529,204)
Net Profit/(Loss) for Golf Operations 179,873
68,267
The accompanying notes form part of these financial statements.
6_0700 Page 21 of 22
Financial Report for the Year Ended 31 August 2014
ADDITIONAL MEMBER INFORMATION
TRADING ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2014
2014 2013
$ $
GOLF OPERATIONS TRADING ACCOUNT 298,347
(149,139)
GOLF RETAIL TRADING ACCOUNT 295,914
Golf retail revenue (212,042) 149,208
Less: Golf retail cost of goods sold
Gross profit from golf retail trading 83,872 210,650
89,329
OTHER INCOME FROM GOLF OPERATIONS 216,283 42,391
Competition fees 89,125 59,778
Green fees 14,290 44,188
Trade day green fees 73,664 33,350
Motorised cart rental 48,103 62,583
Club and buggy storage 27,594
Lessons 60,068 542,269
Driving range
529,127
LESS OPERATING EXPENSES (326,921) (292,105)
Employee expenses (157,194) (162,015)
Trophies
Junior development (8,499) (9,466)
Motorised cart expenses (40,136) (34,802)
Sundry expenses (11,982) (30,816)
(544,732) (529,204)
Net Profit/(Loss) for Golf Operations 179,873
68,267
The accompanying notes form part of these financial statements.
6_0700 Page 21 of 22
