Bondi Surf Bather's Life Saving Club Inc
ABN: 78 306 614 913
Notes to the Financial Statements
For the Year Ended 30 April 2024
Trade and Other Receivables
2024
2023
Trade receivables
2,199
15,937
GST receivable
11,672
12,683
Accrued income
28,360
42,231
28,620
The carrying value of trade receivables is considered a reasonable approximation of fair value due to the short-term
nature of the balances.
Inventories
Stock on hand - Seniors Merchandise
16,925
7,969
Stock on hand - Nippers Merchandise
16,282
33,335
33,207
41,304
Property, Plant and Equipment
Buildings
At cost
1,803,972
1,815,772
Accumulated depreciation
(993,488)
(966,244)
810,484
849,528
Plant and equipment
At cost
363,977
360,857
Accumulated depreciation
(339,254)
(334,331)
24,723
26,526
Lifesaving equipment
At cost
529,372
522,817
Accumulated depreciation
(475,914)
(441,276)
53,458
81,541
Assets in progress
At cost
125,196
125,196
Total property, plant and equipment
1,013,861
1,082,791
Assets in progress
Assets in progress relates to capital expenditure incurred in relation to the clubhouse. These costs will be reclassified
to Buildings upon completion of the renovations program and depreciation commenced.
14
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117TH ANNUAL REPORT AND FINANCIAL STATEMENT 2023/24