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Financial Report 2012-2013
Currency Rates
Currency rates at the end of the fiscal year:
- USD: 0.923012
- EUR: 0.705667
Summary
Description |
2012/2013 |
Diff. |
|
Current Assets |
9474.17 AUD |
-35.2% |
14613.19 AUD |
Current Liabilities |
3873.55 AUD |
+2.7% |
3772.41 AUD |
Equity |
5600.62 AUD |
-48.3% |
10840.78 AUD |
Income |
3336.77 AUD |
-16.5% |
3995.90 AUD |
Expenses |
8576.93 AUD |
+83.1% |
4684.08 AUD |
Profit |
-5240.16 AUD |
+661.5% |
-688.18 AUD |
Current Assets
Acc. No. |
Account Name |
2012/2013 |
Diff. |
|
B212 |
Accounts Receivable USD |
523.93 USD is 567.63 AUD |
+302.4% |
143.93 USD is 141.06 AUD |
B421 |
Westpac Transaction Account |
286.10 AUD |
-17.2% |
345.68 AUD |
B422 |
Westpac Savings Account |
3220.24 AUD |
-70.8% |
11042.51 AUD |
B423 |
Credit Union Australia |
137.25 AUD |
+0.0% |
137.25 AUD |
B431 |
PayPal AUD |
3058.16 AUD |
+56.4% |
1954.80 AUD |
B432 |
PayPal USD |
1969.22 USD is 2133.47 AUD |
+132.6% |
935.84 USD is 917.18 AUD |
B433 |
PayPal EUR |
50.33 EUR is 71.32 AUD |
-4.5% |
60.55 EUR is 74.71 AUD |
Total Current Assets |
9474.17 AUD |
-35.2% |
14613.19 AUD |
Current Liabilities
Acc. No. |
Account Name |
2012/2013 |
Diff. |
|
E113 |
Accounts Payable EUR |
456.00 EUR is 646.20 AUD2 |
-126.1% |
-2000.00 EUR is -2467.80 AUD |
E32 |
Provisions for bills to receive |
3227.35 AUD3 |
-48.3% |
6240.21 AUD |
Total Current Liabilities |
3873.55 AUD |
+2.7% |
3772.41 AUD |
- 2: Contains the contribution to the new infrastructure server.
- 3: Contains the anticipated hosting costs for the first half of 2013 and additionally anticipated power and phone line costs for the end of 2012.
Equity
Acc. No. |
Account Name |
2012/2013 |
Diff. |
|
C3 |
Retained earnings (last year) |
10840.78 AUD |
-6.0% |
11528.96 AUD |
PNL |
Retained earnings (this year) |
-5240.16 AUD |
+661.5% |
-688.18 AUD |
Total Equity |
5600.62 AUD |
-48.3% |
10840.78 AUD |
Income
Acc. No. |
Account Name |
2012/2013 |
Diff. |
|
F1 |
Donations |
1391.72 AUD |
+4.1% |
1337.00 AUD |
F21 |
Membership Fees |
924.88 AUD |
+101.3% |
459.54 AUD |
F22 |
Assurer Certificates |
49.78 AUD |
-60.0% |
124.59 AUD |
F23 |
Password Reset Service |
492.79 AUD |
-33.1% |
736.28 AUD |
F3 |
Advertising Income |
449.95 AUD5 |
-60.7% |
1145.98 AUD |
=> Total Own Income |
3309.12 AUD |
-13.0% |
3803.39 AUD |
|
G1 |
Interest Income |
8.39 AUD |
-94.5% |
153.85 AUD |
G2 |
Income Suspense |
19.26 AUD |
-50.2% |
38.66 AUD |
=> Total Other Income |
27.65 AUD |
-85.6% |
192.51 AUD |
|
Total Income |
3336.77 AUD |
-16.5% |
3995.90 AUD |
- 5: Main reason for the decline is that dental trade didn't book an advertisement this and the previous year
Expenses
Acc. No. |
Account Name |
2012/2013 |
Diff. |
|
I22 |
Events |
476.42 AUD6 |
- |
- |
I74 |
Hosting |
6937.05 AUD7 |
+54.1% |
4500.30 AUD |
I75 |
Other Computer Costs |
561.24 AUD8 |
- |
- |
I82 |
Bank Service Charges |
652.41 AUD7 |
+372.0% |
138.23 AUD |
I83 |
Exchange Variance |
-50.19 AUD |
-210.2% |
45.55 AUD |
Total Expenses |
8576.93 AUD |
+83.1% |
4684.08 AUD |
6: Contains the costs of the BarCamp Melbourne, Australia, decided by the previous board and the ATE in Manchester, UK also decided in the previous FY
7: Anticipated hosting costs from the previous years didn't fully cover the actual hosting costs billed in this FY. So the increased hosting account from too low hosting costs in past years and increased hosting costs for FY12/13. Also a lot of banking charges are associated with the actual payment of these costs. Some of these banking charges are actually charges from past years (we sent money to Oophaga some time back (2011-11-28) but PayPal charges were applied on the way resulting in less money actually available to Oophaga (105€ less), now we paid some more to cover these).
- 8: Contains the contribution to the new infrastructure server.
Profit
2012/2013 |
Diff. |
|
-5240.16 AUD |
+661.5% |
-688.18 AUD |
Conclusion
The increased loss is mainly due to exceptional costs for the hosting payment but other things like less advertising income, the supported events and the investment in the new infrastructure server did also contribute to this situation. In the long run we need to cut the hosting costs on one hand (we plan to reduce our rack space to half a rack and get rid of the phone line), bank transfer charges (I'm currently investigating a bank account in Europe but that comes with some fees and bureaucracy too) and on the other hand increase our income. Question is, if we want to do that through donations or go the advertisement route again.