Financial Report 2016-2017
Currency Rates
Currency rates at the end of the fiscal year:
- USD: 0.8149
- EUR: 0.7101
Summary
Description AUD Current Assets 4718.12 Current Liabilities 0.00 Equity 0.00 Income 3404.02 Expenses 7177.30 Profit -3773.28
Current Assets
Acc. No. Account Name AUD In Currency
B421 Westpac Transaction Account 652.69
B422 Westpac Savings Account 1987.03
B431 PayPal AUD 17.35
B432 PayPal USD 1343.18 1094.56
B433 PayPal EUR 717.87 509.76
Total Current Assets 4718.12
Income
Acc. No. Account Name AUD
F1 Donations 2017.23
F21 Membership Fees 517.23
F23 Password Reset Service 362.90
F3 Advertising Income 505.82
G1 Interest & Financial Income 0.84
Total Income 3404.02
Expenses
Acc. No. Account Name AUD
I74 Hosting 6524.53
I82 Bank Service Charges 554.25
I83 Exchange Variance 98.52
Total Expenses 7177.30
Conclusion
The hosting costs were greater than usual (AUD 3600 per year) because of a backlog at the start of this FY. At end all hosting was paid, so no pending relyabilities. As incoming from the password reset service (often it ends up with a refund on member's request) and donations are decreasing, the costs are not backed by the income.
At mid of FY 2017/18 reserves are mostly exhausted!