2011 F INANCIAL P RESENTATION Prepared by Kingston Accountants Ltd Presented by Mike Powell

Overview of the last financial year

Income has increased by 50%

Expenditure has only increased by 18%

We were able to donate $6,700 to others … and still ….

The wealth of the Association grew by 35%

I N MORE DETAIL

Income has increased by $50,000 $40,000 from our very successful and well sponsored conference – A Walk in the Park. $40,000 from our very successful and well sponsored conference – A Walk in the Park. $10,000 more than in 2010 for exam fees $10,000 more than in 2010 for exam fees … although exam expenses increased by even more

An extra $14,000 spent on Exam expenses and accommodation.An extra $14,000 spent on Exam expenses and accommodation. 1 An extra $3,000 spent on meetings and travel.An extra $3,000 spent on meetings and travel. 2 The net of all other expenses stayed much the same.The net of all other expenses stayed much the same. 3 Expenditure has increased by $18,000 including …

Exams Income26,002 Expenses23,384 Surplus$2,618 Exams Income26,002 Expenses23,384 Surplus$2,618 Conference Income 52,160 Expenses 21,671 Surplus$30,489 Conference Income 52,160 Expenses 21,671 Surplus$30,489 Registrations and Administration Income 81,497 Expenses 59,333 Surplus$22,164 Registrations and Administration Income 81,497 Expenses 59,333 Surplus$22,164 Total Income 159,659 Expenses 104,388 Surplus $55,271 Total Income 159,659 Expenses 104,388 Surplus $55,271

Money in the bank 183,205 Value of assets 1,500 Net bills owing -2,596 ________ Accumulated wealth March 2011 $182,109 Represented by: Accumulated wealth March ,538 This year’s surplus 55,271 Less donated to others - 6,700 ________ Accumulated wealth March 2011 $182,109

Donations included … The September earthquake in Christchurch Funding research into the preparation of safe anaesthetic machines for use with malignant hyperthermia susceptible patients The Pike River Fund The February earthquake in Christchurch

Q UESTIONS ?