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Annual Report 2012/13
2
Association and Service Provider Details
Women’s Hospitals Australasia Incorporated (ABN 50 065 080 239)
Registered Office: 1 Napier Close, Deakin, ACT 2600, Australia Postal Address: PO Box 50, Deakin West, ACT 2600, Australia Telephone: +61 2 6175 1900 Website: http://women,wcha.asn.au Auditor: Solicitor: Meyer Vandenberg Lawyers, Level 2, 1 Farrell Place, Canberra City 2601 Accountant: Banker: Commonwealth Bank of Australia
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Table of Contents
EXECUTIVE REPORTS
Board of Directors 4
Presidents Report 5
WHA Team 6
CEO Report 7
ACTIVITY REPORTS
Membership 8
Benchmarking 9
Networking 10
Events 12
FINANCIAL STATEMENTS
Auditor’s Report 2012-13 14
4
Board of Directors President
A/Professor Graeme Boardley Director of Midwifery, Nursing and Patient Support Services King Edward Memorial Hospital, WA
Vice Presidents
A/Professor Michael Nicholl Clinical Director Women's, Children and Family Health Royal North Shore Hospital, NSW
Ms Jane Waite Women's Health Service Manager Christchurch Women's Hospital, NZ
Ms Leslie Arnott, Special Purpose Director - Consumer Executive Member, Childbirth Australia
Dr Deryck Charters Senior Staff Specialist and Clinical Associate Professor in Obstetrics and Gynaecology Gold Coast Hospital, QLD
Professor David Ellwood Professor of Obstetrics &Gynaecology Griffith University Medical School &The Gold Coast University Hospital
Ms Dale Fisher Former Chief Executive, The Royal Women's Hospital, VIC
Ms Helen Gunn Director of Nursing and Midwifery Royal Hospital for Women, NSW
Ms Mish Hill Director of Nursing & Midwifery, Adult Women and Children's Health Services Mater Health Services, QLD
Ms Sue McBeath Co Director Women's and Children's Services Launceston General Hospital, TAS
Ms Trish Strachan Executive Director Primary and Population Health, Women's and Children's Health Network, SA
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From the President It is my great pleasure to present another Annual Report for WHA. 2012-13 has been a difficult year for many of our members. Almost without exception, our members are contending with the challenges arising from growing demand for services for women and babies in an environment of shrinking real resources but therein lies the strength of the WHA community. Through networking with one another, sharing innovations, information, ideas and sometimes just a sympathetic ear, we are better able to find ways to increase effi-ciency while improving quality. This report gives a snapshot of the ongoing active engagement of WHA members with one another through WHA. It has been a busy year. Our numerous Special Interest Groups continued to meet regularly as well as to share queries on line. No less than five clinical ‘Insight’ forums were held on topics as diverse as GDM, pelvic pain, breech birth, postnatal care, and perinatal mental health. As budget tightening made it harder for people to travel for these events, we moved them on-line, and now have an active monthly pro-gram of webinars in which members can access expert presenters on a host of topics without leaving home. The benchmarking program also continues to deliver high quality information to our members. WHA co-hosted a workshop with HRT on post-partum haemorrhage in April 2013 which participants rated very high-ly. The workshop highlighted the importance of ensuring that benchmarks reflect the same practices, as it was discovered that all services which are accurately weighing have higher reported rates of PPH than those that are estimating blood loss. The year culminated in a stimulating conference at the Gold Coast in June. Around 170 delegates enjoyed a varied program on maternity and women’s health topics, together with some terrific workshops on specific topics like shoulder dystocia, maternal fetal monitoring, FGM and Midwifery Group Practice. It was great to network with delegates from across Australia and New Zealand and to learn about the innovative practices colleagues have developed to improve their services to women and babies. Our small team of dedicated staff, supported by generous and active volunteers, have done a great job throughout the year in facilitating our networking, developing and delivering education (both face to face and on line), collecting and reporting on benchmarking data, and helping us to share information and ideas with one another. On behalf of the Board I thank everyone who has contributed time and expertise to these activities, and encourage your continued involvement in the year ahead. I would also like to sincerely thank my fellow Directors on the WHA Board. The Board is a highly performing group of dedicated volunteers who make a very positive contribution to the leadership of WHA on behalf of all members. It is with sadness but great respect and gratitude that we farewell David Ellwood, Helen Gunn and Deryck Charters from the Board at the end of this year’s AGM. David, Helen and Deryck have each made an enormous contribution to WHA over many years and will be missed at our Board meetings. We look forward to welcoming new Directors from within our membership following elections being held this year.
Graeme Boardley WHA President
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WHA Team 2012/13
Christine Jones Bookkeeper 2011 - Ongoing Fiona Hooke Clinical Support Manager 2012 - 2013 Karen Carey Administration Assistant 2008 - 2012 Dr Jane Thompson Senior Research Officer 2005 - 2012
Dr Barbara Vernon Chief Executive Officer
2011-ongoing
Julie Hale Clinical Support Manager
2013-ongoing
Heather Artuso Member Liaison Manager
2012-ongoing
Anna Hoffman Benchmarking Manager
2010-ongoing
Gill McGaw Business Manager
2008-ongoing
Beth McGaw Membership &
Communications Officer 2010-ongoing
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From the CEO While sorting through some archive boxes we were cleaning out recently, I came across a brass plaque from October 1994, confirming the launch by then federal Minister for Health, Dr Carmen Lawrence, of the new association called Women’s Hospitals Australia. So WHA is on the cusp of its 20th anniversary, and the past year builds upon a long tradition of collaboration, sharing, and mutual support among WHA member hospi-tals in both Australia and New Zealand. As I have visited member hospitals over the past year, I have continued to be inspired from meeting mem-bers, learning about the challenges and successes you have, and working hard with my team to support you to link up with peers and prosper from sharing information, resources and ideas. 2012-13 has been a busy and productive year for WHA staff and volunteers. This report summarises the many positive activities WHA has been involved in related to our long running core roles in advocacy, bench-marking, member networking, innovation sharing and professional development. So I shan’t repeat these details here. Rather I want to highlight where we are going in the year ahead…. With networking and information sharing being one of WHA’s signature contributions over many years, I’m pleased to say we’ve recently established 3 new Special Interest Groups for members: on quality and safety, on staff education, training and development, and on Midwifery Group Practice. As these new SIGs find their feet there will be a whole new set of opportunities for members to benefit from sharing information and expertise with one another, in addition to existing member networks. We’re also excited about our new Peer Support Program. This program gives members the opportunity to host a meeting of expert peers from other WHA member hospitals to discuss opportunities for quality im-provement. These meetings are underpinned by WHA’s benchmarking data, and by the bond of mutual trust among WHA members. We’re delighted that King Edward Memorial Hospital will be hosting the first Peer Support Meeting in November 2013 and look forward to engaging with other WHA member hospitals in 2014. We’ve also developed a new program to help members share expertise without having to travel. Our new series of online webinars allow staff in member hospitals to access renowned experts on a wide range of topics without needing to leave home. We welcome suggestions for webinar topics, and your participation in the discussions these webinars typically stimulate. I would like to sincerely thank WHA President, Graeme Boardley, and the rest of the WHA Board of Direc-tors. Their leadership and support has been invaluable to me and my team over the past year. Heartfelt thanks go too to the WHA team. WHA would achieve little without their skills, energy and enthusiasm for WHA and its goals. It is truly my pleasure to work with them. Lastly, but by no means least, I’d like to thank the many outstanding volunteers who donate their time and expertise to WHA. Whether it is presenting at an event or webinar, preparing advice for a government submission, analysing benchmarking data, chairing a Special Interest Group, visiting a fellow WHA member as a Peer Advisor, etc, etc, we greatly value your gen-erous contribution. Thank you one and all.
Dr Barbara Vernon Chief Executive Officer Women’s Healthcare Australasia
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Membership Membership to WHA is open to any hospital or healthcare facility providing women’s health ser-vices, including maternity, gynaecology and/or neonatology services. Membership subscriptions are categorised according to the number of births per annum (p.a.). 2012/13 WHA Members: Australian Capital Territory
Calvary Hospital The Canberra Hospital
New South Wales Gosford Hospital Royal Hospital for Women Royal North Shore Hospital
New Zealand Christchurch Women’s Hospital
Northern Territory Royal Darwin Hospital
Queensland Gold Coast Hospital Mater Health Services Nambour Hospital The Townsville Hospital
South Australia Lyell McEwin Hospital Women’s & Children’s Health Network
Tasmania Tasmania Health Services:
Launceston General Hospital Mersey Hospital North West Regional Hospital Royal Hobart Hospital
Victoria Bendigo Health Eastern Health, including:
Box Hill Hospital Healesville Hospital Angliss Hospital
Frankston Hospital Mercy Health Services:
Mercy Hospital for Women Werribee Mercy Hospital
Royal Women’s Hospital Sunshine Hospital
Western Australia King Edward Memorial Hospital Armadale Hospital (joined May 2013)
During 2012/13 the WHA office developed a Membership Strategy to target our activities in relation to retaining current members, and recruiting new health services into the WHA community. We have already achieved a number of the targets set, and are pleased to be welcoming multiple new members to WHA, as well as some previous members back! To see the current list of WHA financial members for the 2013/14 period, please visit our website at women.wcha.asn.au/current-members
9
Benchmarking WHA members benchmark Maternity Care Indicators through WHA's benchmarking program. 26 member hospitals and health services participated in benchmarking for the 2011/12 data period during the 2012/13 financial year. During 2012/13, WHA developed tailored individual reports which enables members to see at a glance how their service sits in the benchmarking population on a wide range of indicators over time. These reports, together with the collated Benchmarking Maternity Care Report were distrib-uted to members in August 2013 and are available on the secure section of the WHA website. In April 2013 WHA held a benchmarking workshop in partnership with the Health Roundtable (HRT), entitled Reducing the Impact of Postpartum Haemorrhage. The meeting was well received by participants, and allowed WHA to showcase the benefits the WHA benchmarking program pro-vides to those outside WHA membership. This year we further enhanced our benchmarking program by providing each participating hospital with an individual report containing trend and time series data.
Benchmarking Workshop: Reducing the Impact of Postpartum Haemorrhage
This year the annual benchmarking workshop was co-hosted by The Health Roundtable (HRT) and WHA. During 2012 our two organisations conducted a joint survey which showed strong member support for both organisations working together. Subsequently the Boards of each organisation endorsed the benefits of working together to improve value for money for members and improve delivery of services to women and their babies. The primary purpose of the April 2013 meeting was to explore ways that health services can “reduce the impact of postpartum haemorrhage.” Delegates shared their current data, issues, practices and ideas and developed these into action plans. More than 50 clinicians and managers from 23 different maternity services participated in this meeting. Participants have shared copies of a range of policies, protocols and management tools related to management of PPH. Resources from the meeting are on our website. It was a rich and stimulating event that supported a more detailed understanding of postpartum haemorrhage and its management and impacts. The meeting provided the a great opportunity to share innovative ideas and knowledge on best practice.
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Networking WHA membership makes you part of an instant community of liked minded healthcare profession-als who share a passion for excellence. WHA enables members across Australia and New Zealand to network with others in similar fields through various Special Interest Groups (SIGs) and networking days. WHA networks are dynamic, multidisciplinary and solution focused, with individuals working together to share information and knowledge to inspire and strive for excellence in the care they provide. Current WHA SIGs include Executives of Nursing & Midwifery, Maternity Unit Managers, Women’s Health, and networking group Directors of Obstetrics & Gynaecology. All SIGs are currently engaged in active teleconferences, email correspondence or both. A number of SIGs have participated in face-to-face meetings, either in conjunction with other SIGs, or at the WHA conference. Networking opportunities are open to all WHA member hospitals and healthcare services.
Directors of Obstetrics & Gynaecology The Directors of Obstetrics and Gynaecology is a networking group facilitated through WHA. The group enables members to exchange ideas and information on an informal basis, via email and tel-ephone communications. Over the 2012/13 period results from their communications have been added to the Resources library on the WHA website. The group continue to communicate about relevant topics of interest. Topics of discussion over the past year have included the number of medical staff on night duty, benchmarking of O&G specialist/patient ratio and more!
Executives of Nursing & Midwifery This Special Interest Group is the longest standing WHA SIG. Chaired by Mish Hill (Mater Health Services, QLD). Over the last year the group has covered a number of topics, including discussion around enabling knowledge sharing that supports best practice and continuous improvement; strategically influencing policy related to women’s health and enhancing networking and collabora-tion among WHA members. Specifically, midwives working in gynaecology areas, qualified neo-nates on wards, clinical privileges and admitting rights for eligible midwives and models of care, among other topics. Additionally, the group values constant updates from each of its members on their services and how they are progressing. The SIG also held a face to face meeting in conjunction with the WHA Maternity Unit Managers SIG in April of 2013, where the education standards review was dis-cussed, as well as e-health records for infants, core maternity indicators and visiting rights for eligi-ble midwives. Overall, the group has strengthened its networking and established firm relation-ships between all services participating.
11
Maternity Unit Managers The Maternity Unit Managers group was formed in 2010. Chaired by Trish Ryan (Royal Women’s Hospital, VIC), the group has actively participated in WHA’s online forum. This forum has allowed group members to easily and efficiently network, share information and circulate queries. Currently the MUMs forum has over 150 posts covering over forty topics. These topics include posts on postnatal length of stay, intragram in pregnancy, guidelines for teen pregnancy, sterilisation of women’s own bottles and teats and disposal of placentas. Further discussion takes place during teleconferences which have allowed members to discuss quality improvement in small units, identifying and developing the MUM skill set and updates from the various services represented. In addition, the group took part in a joint face-to-face meeting with the WHA Executives of Nursing and Midwifery in April of 2013. Presentations on the day fo-cused on topics relevant to both positions, and were well received by all participants. Heading in to the 2013/2014 period, the group is planning to continue to use the online forums as a means of communication, as well as continuing to meet regularly via teleconference and face-to-face meet-ings.
Women’s Health Established in 2011, the Women’s Health group has been well received by members. The group ended the 2012/13 period with approximately 26 members, and is currently chaired by Joanna Yet-senga (Royal North Shore Hospital, NSW). Over the last year, the SIG has engaged in regular tele-conference meetings. These meetings have allowed group members to discuss a wide variety of topics. Some of the discussions have focused around areas such as oncology clinics and gynae-cology clinical recall systems. In addition, the group have a standing agenda item that allows them to hear updates from all the healthcare services represented in the group. These updates stimulate discussion, facilitate net-work building and allow for sharing of innovation and successes. Into the future the group are plan-ning to explore using online forums to facilitate communication, and are looking to continue their discussions on endometriosis, pelvic pain and other standing agenda items. The SIG is committed to working towards achieving excellence in women’s healthcare, and will continue to frame their discussions around this value.
What’s in store? WHA is committed to strengthening networking between members, particularly when the health care industry is facing new challenges every day. As such, WHA has committed to introducing several new Special Interest Groups throughout 2013/14. These groups will aim to connect vari-ous disciplines that do not currently have networks to take advantage of. WHA is currently plan-ning to introduce groups for educators, healthcare professionals interested in quality and safety, and a group focusing on MGP with the intention of starting other new groups as the opportunity and need arises.
12
Events WHA organised a number of face-to-face and virtual events for members and friends of the organi-sation throughout 2012/13. Several Insight Forums were presented at the end of 2012. These forums were interactive work-shops that aimed to bring together experts on a chosen subject in order to stimulate innovation and discussion. Of particular popularity was the ‘Hands Off the Breech: Evidence and Practice’ fo-rum held in December 2012. Other Forums included ‘Gestational Diabetes: Trends, Treatments and the Way Forward’; ‘Optimising Women’s Perinatal Mental Health’; ‘Postnatal Care: Working To-gether for Women’ and ‘Taking the Ouch out of Pelvic Pain’. In 2013 WHA chose to move our Insight Forums online, thus creating Insight Webinars. Our first webinar, ‘Litigation Risks in Shoulder Dystocia Cases’ in collaboration with MIGA , was a huge suc-cess, and we have many more planned for 2013/14! These online seminars allow participants to access expertise and best practice from the comfort of their own desk. WHA is looking forward to continuing to engage with members and friends of the organisation through events such as these in 2013/14.
Collaboration: Working Together, Caring Together, Learning Together In June WHA hosted its biannual conference, Collaboration: Working Together, Caring Together, Learning Together. Held on the Gold Coast, the conference was well received by participants, and fostered effective and valuable networking. Due to the high calibre of speakers, many of the presentations from the event are available in video format to employees of WHA members via the WHA website. ‘Collaboration 2013’ covered a host of topical challenges facing hospital and community providers of maternity and women’s health services, including:
Financing quality women's healthcare within the ABF reforms for efficiency Reinventing a hospital with public/private partnership Minimising wrongs in maternity care Innovations in technology: Is this the answer to efficient service delivery?
The conference was a great opportunity to showcase the excellence women’s health services are achieving in the care of care women and babies. Presentations from the conference are now avail-able to all delegates and employees of WHA members.
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Counting Births & Babies, or Measuring Care? Towards Enhancing Performance through Meas-uring Maternity Care WHA held a successful pre-conference workshop in ahead of the AHHA Quantum Leap conference in the second half of 2012. The workshop was based on the premise that maternity care is the larg-est single driver of bed days in our hospitals, and that maternity care is one of the most significant episodes of healthcare in the lives of women and their families. Recognising that while mortality rates are low, there’s plenty of scope for improvements to enhance both the outcomes and experi-ence of care for women and their families. Questions the preconference workshop addressed included:
What do we really know about how well our maternity services are performing? What do women and their families think? What are the strengths and weaknesses of our current measurement systems? How can we best engage clinicians in enhancing service delivery in light of
performance information?
This workshop was a dynamic and interactive day that looked at the key challenges and opportuni-ties of using performance measurement to enhance maternity care. It brought together key players in maternity performance measurement, together with managers and clinicians from across the na-tion, to wrestle with these questions and identify the best strategies for moving forward.
What’s in store? WHA continues its commitment to enhance the health and wellbeing of women and babies by supporting women’s hospitals and health services to achieve excellence in clinical care. By fram-ing everything we do around the Strategic Plan, the WHA team and Board have already begun planning a number of new, improved and exciting services. By prioritising knowledge sharing, advocacy, networking and collaboration, and moving to ad-dress these priorities in a current and contemporary manner, WHA will continue to provide an es-sential, and valued, service to healthcare services throughout Australia and New Zealand.
Financial Report 2012/13
INCORPORATED
A.B.N. 50 065 082 239
FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2013
CONTENTS
PAGE NO
Committee Report ..................................................................................... 2 Financial Statements:
Income Statement .......................................................................... 3
Statement of Financial Position ...................................................... 4
Notes to & Forming Part of the Financial Statements .................. 5 - 6 Statement by the Committee ..................................................................... 7 Independent Audit Report to the Members ............................................... 8
WOMEN'S HOSPITALS AUSTRALASIA LIMITED ABN: 50 065 082 239
2
COMMITTEE REPORT Your committee members submit the financial report of the Women's Hospitals Australasia Incorporated for the financial year ended 30 June 2013. Committee Members The names of committee members throughout the year and at the date of this report are:
Role Name President A/F Prof Graeme Bradley Vice President Dr Michael Nicholl Ms Sue McBeath (Vice President to 25/2/2013, then Committee Member) Ms Jane Waite (Vice President from 25/2/2013) Committee Members Prof David Ellwood A/Prof Deryck Charters Ms Helen Gunn Ms Mish Hill Ms Trish Strachan Ms Dale Fisher Ms Leslie Arnott (from 18/12/2012) Ms Deborah Slater (until 1/7/2013)
Principal Activities The principal activities of the Association during the financial year are concerned with supporting women’s hospitals and health services to achieve excellence in clinical care through advocacy, networking and the sharing of knowledge and evidence underpinning best practice. Significant Changes No significant change in the nature of these activities occurred during the year. Operating Result The (deficit) of the Association for the financial year ended 30 June 2013 after providing for income tax amounted to ($16,291) (2012: $9,237 surplus). After Balance Date Events No matters or circumstances have arisen since the end of the financial year which significantly affected or may significantly affect the operations of the Association, the results of those operations, or state of affairs of the association in future financial years. This report is provided in accordance with a resolution of the Management Committee and is signed for and on behalf of the members of the Management Committee by:
WOMEN'S HOSPITALS AUSTRALASIA LIMITED ABN: 50 065 082 239
3
INCOME STATEMENT FOR THE YEAR ENDED 30 JUNE 2013
2013
2012
$
$
INCOME
Subscriptions
230,570
277,754
Conference and Forums
132,337
16,404
Recoveries from Associated Organisations
344,181
296,832
Sponsorship
6,000
-
Projects
6,807
-
719,895
590,990
OTHER INCOME
Interest Received
8,512
17,972
Other Revenue
2,324
4,221
10,836
22,193
730,731
613,183
EXPENDITURE
Accountancy Fees
3,900
5,001
Advertising
860
(210)
Auditing
4,650
3,792
A & C Benchmarking
-
1,220
Bank Charges
3,161
1,244
Computer Expenses
14,221
13,625
Conference & Forum Expenses
162,700
2,114
Depreciation
13,264
22,996
Electricity
1,609
1,270
Filing Fees
643
-
Insurance
7,299
6,546
Interest Paid
101
-
Legal Costs
-
4,000
Meeting Costs
1,439
9,252
Office Expenses
1,917
325
Postage
897
696
Printing & Stationery
9,209
8,039
Projects
3,257
-
Rent
12,754
14,654
Salaries & Wages
453,136
489,109
Staff Training & Welfare
(39)
2,670
Subscriptions
801
-
Sundry Expenses
-
3,839
Superannuation Contributions
40,642
-
Telephone
3,757
3,215
Travelling Expenses
6,844
10,549
747,022
603,946
(Deficit) / surplus for the year (16,291) 9,237
Retained surplus at the beginning of the financial year
240,629
231,392
Retained earnings at the end of the financial year
224,338
240,629
The above statement should be read in conjunction with the accompanying notes
WOMEN'S HOSPITALS AUSTRALASIA LIMITED ABN: 50 065 082 239
4
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2013
2013
2012
Note
$
$
ASSETS
CURRENT ASSETS
Cash and cash equivalents 2
314,686
261,471
Trade and other receivables 3
30,415
8,801
Prepayments
3,287
23,676
TOTAL CURRENT ASSETS
348,388
293,948
NON-CURRENT ASSETS
Plant and equipment 4
10,441
17,830
Intangible assets 5
3,876
7,753
TOTAL NON-CURRENT ASSETS
14,317
25,583
TOTAL ASSETS
362,705
319,531
LIABILITIES
CURRENT LIABILITIES
Other Creditors
12,494
2,033
GST Payable
23,048
8,225
Provision for Employee Entitlements
35,887
34,457
Accrued Expenses
13,230
26,031
Income in Advance
53,708
8,156
TOTAL CURRENT LIABILITIES
138,367
78,902
TOTAL LIABILITIES
138,367
78,902
NET ASSETS
224,338
240,629
EQUITY
Accumulated Funds
224,338
240,629
TOTAL EQUITY
224,338
240,629
The above statement should be read in conjunction with the accompanying notes
WOMEN'S HOSPITALS AUSTRALASIA LIMITED ABN: 50 065 082 239
5
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2013
1 Statement of Significant Accounting Policies The financial report is a special purpose report, which has been prepared, for distribution to members to satisfy the accountability requirements of the Associations Incorporation ACT 1991 (ACT). The Association’s Committee has determined that the Association is not a reporting entity. The financial statements have been prepared in accordance with the requirements of the following Australian Accounting Standards: AASB 1031: Materiality, AASB 110: Events After Balance Date. No other accounting standards including Australian Accounting Interpretations or other pronouncements of the Australian Accounting Standards Board have been applied. The financial statements have been prepared on an accruals basis and are based on historical costs unless otherwise stated in the notes. The accounting policies that have been adopted in the preparation of these statements are as follows:
Income Tax The Association has reviewed its income tax status and have assessed the Association to be exempt from income tax under section 50-10 of the Income Tax Assessment Act, 1997. Consequently, no provision for taxation has been made in the financial statements. Plant and Equipment All plant and equipment is initially measured at cost and is depreciated over their useful lives to the association. The carrying amount of plant and equipment is reviewed annually by the Committee to ensure it is not in excess of the recoverable amount. The recoverable amount is assessed on the basis of the expected net cash flows that will be received from the asset's employment and subsequent disposal. The expected net cash flows have not been discounted in determining recoverable amounts. Depreciation: The depreciation method and useful life used for items of plant and equipment reflects the pattern in which their future economic benefits are expected to be consumed by the association. Depreciation commences from the time the asset is held ready for use. The depreciation method and useful life of assets is reviewed annually to ensure they are still appropriate.
Impairment of Assets At the end of each reporting period, plant and equipment and intangible assets are reviewed to determine whether there is any indication that those assets have suffered an impairment (deficit). If there is an indication of possible impairment, the recoverable amount of any affected asset (or group of related assets) is estimated and compared with its carrying amount. The recoverable amount is the higher of the asset's fair value less costs to sell and the present value of the asset's future cash flows discounted at the expected rate of return. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment (deficit) is recognised immediately in profit or (deficit). Employee Benefits Provision is made for the association's liability for employee benefits arising from services rendered by employees to the end of the reporting period. Employee benefits have been measured at the amounts expected to be paid when the liability is settled. Cash and Cash Equivalents Cash and cash equivalents include cash on hand and deposits held at call with banks. Revenue and Other Income Revenue is measured at the fair value of the consideration received or receivable after taking into account any trade discounts and volume rebates allowed. For this purpose, deferred consideration is not discounted to present values when recognising revenue. Interest revenue is recognised using the effective interest rate method, which for floating rate financial assets is the rate inherent in the instrument. Revenue recognition relating to the provision of services is determined with reference to the stage of completion of the transaction at the end of the reporting period and where outcome of the contract can be estimated reliably. Stage of completion is determined with reference to the services performed to date as a percentage of total anticipated services to be performed. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent that related expenditure is recoverable. All revenue is stated net of the amount of goods and services tax (GST).
WOMEN'S HOSPITALS AUSTRALASIA LIMITED ABN: 50 065 082 239
6
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2013 (continued)
1 Statement of Significant Accounting Policies (continued) Goods and Services Tax (GST) Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Tax Office (ATO). Receivables and payables are stated inclusive of the amount of GST receivable or payable. The net amount of GST recoverable from, or payable to, the ATO is included with other receivables or payables in the balance sheet.
2013
2012
$
$
2 Cash and Cash Equivalents
Cash on Hand
136
72
Cash at Bank
314,550
261,399
314,686
261,471
3 Trade and Other Receivables
Current
Sundry Debtors
17,861
-
Trade Debtors
2,910
8,801
Input Tax Credits
9,644
-
30,415
8,801
4 Plant and Equipment
Plant & Equipment
79,135
77,137
Less: Accumulated Depreciation
(68,694)
(59,307)
10,441
17,830
Total Plant and Equipment
10,441
17,830
5 Intangible Assets
Website
11,630
11,630
Accumulated Amortisation
(7,754)
(3,877)
3,876
7,753
Total
3,876
7,753
WOMEN'S HOSPITALS AUSTRALASIA LIMITED ABN: 50 065 082 239
7
STATEMENT BY THE COMMITTEE The committee has determined that the association is not a reporting entity and that this special purpose financial report should be prepared in accordance with the accounting policies outlined in Note 1 to the financial statements. In the opinion of the committee the financial statements as set out on pages 3 to 6:
1. Presents a true and fair view of the financial position of Women's Hospitals Australasia Incorporated as at 30 June 2013 and its performance for the year ended on that date.
2. At the date of this statement, there are reasonable grounds to believe that Women's Hospitals
Australasia Incorporated will be able to pay its debts as and when they fall due. This statement is made in accordance with a resolution of the Committee and is signed for and on behalf of the Committee by:
ABN 36 472 755 795
Offices located at: Our web site is http://www.kothes.com.au
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under Professional
Standards Legislation
INDEPENDENT AUDIT REPORT TO THE MEMBERS OF WOMEN’S HOSPITALS AUSTRALASIA INCORPORATED (NON-REPORTING)
Report on the Financial Report
We have audited the accompanying financial report, being a special purpose financial report, of Women’s Hospitals Australasia Incorporated (Non-reporting) (the association), which comprises the balance sheet as at 30 June 2013, the
income statement and statement of cash flows for the year ended, a summary of significant accounting policies, other explanatory notes and the statement by members of the Committee.
Committee’s Responsibility for the Financial Report
The Committee of the association is responsible for the preparation and fair presentation of the financial report and have determined that the accounting policies described in Note 1 to the financial statements, which form part of the financial
report, are consistent with the financial reporting requirements of the Associations Incorporation Act 1991 ACT and are appropriate to meet the needs of the members. The Committee’s responsibilities also include establishing and
maintaining internal control relevant to the preparation and fair presentation of the financial report that is free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making
accounting estimates that are reasonable in the circumstances.
Auditor’s Responsibility Our responsibility is to express an opinion on the financial report based on our audit. No opinion is expressed as to
whether the accounting policies used, as described in Note 1, are appropriate to meet the needs of the members. We conducted our audit in accordance with Australian Auditing Standards. These Auditing Standards require that we comply
with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance whether the financial report is free from material misstatement. An audit involves performing procedures to
obtain audit evidence about the amounts and disclosures in the financial report. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial report, whether due to
fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial report in order to design audit procedures that are appropriate in the circumstances,
but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates
made by the Committee, as well as evaluating the overall presentation of the financial report. The financial report has been prepared for distribution to members for the purpose of fulfilling the Committee’s financial reporting under the
Associations Incorporation Act ACT 1991. We disclaim any assumption of responsibility for any reliance on this report or on the financial report to which it relates to any person other than the members, or for any purpose other than that for
which it was prepared. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Independence In conducting our audit, we have complied with the independence requirements of Australian professional ethical pronouncements. Audit Report
In our opinion the financial report of Women’s Hospitals Australasia Incorporated (Non-reporting) presents fairly, in all material aspects the financial position of Women’s Hospitals Australasia Incorporated (Non-reporting) as at 30 June 2013
and of its financial performance for the year then ended in accordance with the accounting policies described in Note 1 to the financial statements.
Basis of Accounting and Restriction on Distribution Without modifying our opinion, we draw attention to Note 1 to the financial report, which describes the basis of accounting. The financial report has been prepared to assist the association to meet the requirements of the Associations Incorporation Act, ACT, 1991. As a result, the financial report may not be suitable for another purpose.
KOTHES Chartered Accountants
SIMON BYRNE Partner
CANBERRA, 16 October 2013
WHA seeks to enhance the health and wellbeing of women and babies by supporting women’s hospitals
and health services to achieve excellence in clinical care, through benchmarking, advocacy, networking and
knowledge sharing.
