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NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 March 2022
NOTE 15. NOTES TO THE STATEMENT OF CASH FLOWS
2022
$
2021
$
3,594,491
742,907
820,533
1,598,138
-
478
(4,197)
(8,063)
Decrease / (increase) in contract assets
(197,878)
347,181
Decrease / (increase) in other current assets
(361,760)
147,533
Increase / (decrease) in payables
303,714
193,150
Increase / (decrease) in provisions
(168,747)
13,958
Increase / (decrease) in other current liabilities
(134,694)
(476,328)
3,851,462
2,558,954
Profit attributable to Members of RASWA
Add back non-cash items:
Depreciation
Lease interest paid
Less: Interest received
Changes in net assets and liabilities:
Net cash provided by / (used in) operating activities
NOTE 16. CONTROLLED ENTITIES
On 16 March 2011, the Royal Agricultural Society of Western Australia established a separate Trust, called the Royal
Agricultural Society of Western Australia (Inc) Scholarship Fund ("The Trust"). The Trust has been established solely
for the purpose of providing money for Eligible Scholarships. As at 31 March 2022, the Trust has received $350,000
in donations and has accrued interest on those funds.
Scholarship payments totalling $77,360 have been made from the Trust to date.
The Society controls The Trust through the Trustee. The Trustee of The Trust is RAS Western Australia PTY LTD
ACN 604 725 635 and its officers are the President, Vice President, Treasurer and the Chief Executive Officer of
the Society.
On 30 July 2015, the Society established a second Trust, called the Royal Agricultural Society of WA (Inc) Education
Foundation ("The Foundation"). The Foundation has been established solely for the purpose of advancing education.
As at 31 March 2022, the Foundation has received $153,199 in donations and accrued interest on those funds.
Scholarship payments totalling $51,740 have been made from the Foundation to date.
The Society controls The Trust through the Trustee. The Trustee of The Trust is RAS Western Australia PTY LTD
ACN 604 725 635 and its officers are the President, Vice President, Treasurer and the Chief Executive Officer of
the Society.
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