1. 2011 F INANCIAL P RESENTATION Prepared by Kingston Accountants Ltd Presented by Mike Powell

2. Overview of the last financial year

3. Income has increased by 50%

4. Expenditure has only increased by 18%

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

6. The wealth of the Association grew by 35%

7. I N MORE DETAIL

8. 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

9. 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 …

10. 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

11. 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 2010 133,538 This year’s surplus 55,271 Less donated to others - 6,700 ________ Accumulated wealth March 2011 $182,109

12. 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

13. Q UESTIONS ?