Expense and revenue statement

STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2003
  2003 2002
    $   $
Revenue from Ordinary Activities   4,882,340   4,482,720
 
Less Operating Expenses from ordinary activities:        
Employee Benefits   2,173,114   2,091,316
Supplies & Services   1,910,842   1,766,492
Public Relations   2,206   4,908
Special Programs   127,291   92,347
Depreciation Non-Current Assets   127,837   182,091
    _______   _______
Total Expenses from Ordinary Activities   4,341,290   4,137,154
    _______   _______
Net Result for the Reporting Period:   541,050   345,566
    _______   _______
Decrease in accumulated surplus        
on adoption of new accounting standard   (6,773)   -
         
Total Changes in Equity other than those resulting from   _______   _______
transactions with owner   534,277   345,566
    _______   _______

VICTORIAN TERTIARY ADMISSIONS CENTRE

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2003
  2003 2002
    $   $
Cash Flows from Operating Activities        
Payments to Suppliers & Employees   -4,371,121   -3,449,114
Goods & Services Tax Paid/(Collected)   64,557   82,230
Receipts from Customers   4,919,694   3,811,913
Interest Received   92,427   62,373
    _______   _______
Net Cash Inflow From Operating Activities   705,557   507,402
         
Cash Flows from Investing Activities        
Payments for Purchase of Equipment   -192,906   -197,584
Proceeds from Sale of Fixed Assets   24,636   51,045
    _______   _______
Net Cash (Outflow) From Investing Activities   -168,270   -146,539
 
Net Increase (Decrease) in Cash Held   537,287   360,863
 
Cash at Beginning of Financial Year   1,083,576   722,713
    _______   _______
Cash at End of the Financial Year   1,620,863   1,083,576
    _______   _______