2011 FINANCIAL PRESENTATION

Prepared by Kingston Accountants Ltd

Presented by Mike Powell

Overview of the last financial year

Income has increased by 50%

Expenditure has only increased by 18%

We were able to donate $6,700 to others … and still ….

The wealth of the Association grew by 35%

IN MORE DETAIL

Income has increased by $50,000

• $40,000 from our very successful and well sponsored conference – A Walk in the Park.

• $10,000 more than in 2010 for exam fees

… although exam expenses increased by even more

• An extra $14,000 spent on Exam expenses and accommodation.1

• An extra $3,000 spent on meetings and travel.2

• The net of all other expenses stayed much the same.3

Expenditure has increased by $18,000including …

ExamsIncome 26,002Expenses 23,384Surplus $2,618

ConferenceIncome 52,160Expenses 21,671Surplus $30,489

Registrations and AdministrationIncome 81,497Expenses 59,333Surplus $22,164

TotalIncome 159,659Expenses 104,388Surplus $55,271

Money in the bank 183,205

Value of assets 1,500

Net bills owing -2,596 ________

Accumulated wealth March 2011 $182,109

Represented by:

Accumulated wealth March 2010 133,538

This year’s surplus 55,271

Less donated to others - 6,700 ________

Accumulated wealth March 2011 $182,109

Donations included …• The September earthquake in Christchurch

• Funding research into the preparation of safe anaesthetic machines for use with malignant hyperthermia susceptible patients

• The Pike River Fund

• The February earthquakein Christchurch

QUESTIONS?