UON SERVICES LIMITED Notes to the Financial Statements For the year ended 31 December 2012 12
13
OTHER EXPENSES
2012 $
2011 $
Advertising, marketing and promotions General consumables Insurances Minor equipment Student support Operating lease rental Professional services Scholarships, grants and prizes Telecommunications Travel, staff development and entertainment Utilities Other expenses
104,414 1,052,400 (5,364) 157,915 551,595 25,665 168,479 118,647 45,045 87,033 182,725 51,982
62,928 61,682 426 65,799 270,943 9,544 177,253 19,505 35,398 152,027 151,458 22,122
Total other expenses
2,540,536
1,029,085
Cash at bank and on hand
576,120
249,861
Total cash and cash equivalent
576,120
249,861
CASH AND CASH EQUIVALENTS
(a)
Reconciliation to cash and cash equivalents at the end of the year in the statement of cash flows The above figures are reconciled to cash at the end of the year as shown in the statement of cash flows as follows: Balances as above 576,120 249,861 Balance as per cash flow statement
(b)
576,120
249,861
Cash at bank Cash at bank is interest bearing with the floating rates being determined by the daily balance of funds held in the account. This was 2.56% for 2012 (2011:0.88%).
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RECEIVABLES Current Trade receivables Prepayments Related party receivables Other receivables
292,936 50,386 358,661 7,799
325,871 26,721 6,000 15,189
Total current receivables
709,782
373,781
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