BANGARRA DANCE THEATRE AUSTRALIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2018 8. Net surplus from ordinary activities (continued) Rent in kind* Sponsorship - in cash Sponsorship - in kind Donation - Individual Donation - Foundation
2018 2017 $ $ 338,784
338,784
364,091 333,082
340,000 253,923
763,210 996,000
544,202 788,926
*In kind revenue is the fair value of the contributions received or receivable. In kind revenue and a corresponding in kind expense are recognised during the current financial year in accordance with AASE 1004 contributions. 9. Cash and cash equivalents Cash at Bank Investment cash account Short Term Deposits (Reserve Incentive Funding Scheme) Short Term Deposits (Other) Call Deposits
10,186 66,895 - 150,000 259,644 486,725
67,423 334,437 230,805 150,000 551,013 1,333,678
Interest on cash at bank is earned at prevailing market rates. The interest rate as at 31 December 2018 was: Short Term Deposits – 2.61% (2017: 2.50%). Call deposits – 0.8% (2017: 0.8%). Sensitivity Analysis. A change of 100 basis points in interest rates would have increased or decreased the Company’s profit by $4,867 (2017: $13,337). 10. Trade and other receivables Trade Debtors Advance to Staff Short Term Deposits (Reserve Incentive Funding Scheme) Term Deposits Receivable Other Receivables GST Receivable
5,129 20,607 238,797 55,000 - 6,697 326,230
18,565 5,432 2,424 89,607 116,028
11. Investments The investment is managed by Macquarie Wealth Management (Macquarie). Management monitors the performance of the investment portfolio based on market indices. Material investment decisions are approved by the Board via the Audit and Risk Committee. Medium term investments will generally be for a term of 1 to 3 years and Long term (Capital Reserve) for 4 to 7 years duration. 99