Skip to main content

Postscript: AICD Finance for Directors; Foundations of Directorship; Finance for Directors; 16 July 2020

I completed a quick exercise examining Taronga's most recent financial accounts to see how the June 2019 numbers ran. you can access the accounts as linked.

The four operating ratios are not completed for 2019 as there is insufficient data available.

Analysis: 2019 was a less profitable year that 2017, 2018 and borrowings increased further over 2018. Slight reduction in liquidity. While not evident from the ratios below the lower profitability of 2019 is led by an approximate 10% reduction of Government Grants in 2019.



Comments

Post a Comment

Popular posts from this blog

Presentation to Extraordinary General Meeting, Thursday 10th November 2020, Rydalmere

SU NSW Treasurer, speaker notes Presentation to Extraordinary General Meeting, Thursday 10 th November 2020, Rydalmere   Purpose of EGM : To share with members the prime reasons for why the SU NSW Board unanimously decided to not merge with other States and Territories in formation of SUA. Brief from chair: Two Powerpoint slides, ten-minute maximum My contribution : Stewardship Other speakers : Legal (10 minutes), Strategic (10 minutes) Interpretation of brief: Focus on two prime stewardship aspects that led to decision to not participate in merger.   Slide 1: highest level financial concern    S peak to:   - An unresolved matter as to COVID19 funding which potentially overstates the FY21 surplus by approximately $3.8M. SU NSW could not analytically support the value of Jobkeeper receipts and no response to an expressed concern was forthcoming from National. - Such that the accumulated 4 year surplus amounts to breakeven – an uncomfor...
Post a Comment
Read more

SU NSW volunteering activities March 2020

It is pleasing to be acknowledged for some current volunteer activities: - National Redress Scheme, and, - National Scripture Union Transformation process.
Post a Comment
Read more

COVID-19 NFP Government financial support

Prepared for SU entities throughout Australia (a covering email draws attention to three fantastic resources) ---------------------------- [Email from PWC 27 March 2020] COVID-19 and Not for Profits: Short and long term resilience     Dear David Thank you for registering your interest in yesterday's virtual event.   We know a few people had some trouble connecting and if you were one of those people, we apologise for the inconvenience. We did have to change the online platform at late notice to a more robust system in order to support the unprecedented response we received.    The good news is that the session was recorded and a viewing link will be shared with you early next week [ I will post link here once the viewing link is available ].    As promised, each of our speakers have prepared materials to share with you:   Crisis management and virtual engagement and communications   Cassandra Mich...
Post a Comment
Read more