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Diabetes New Zealand Inc Financial Statements for the year ended 30 June 2013

Diabetes New Zealand Inc Financial Statements for the year ended 30 June 2013. Who is included. Parent = Diabetes New Zealand Inc , including the 18 branches Group = Diabetes New Zealand Inc + two other entities: o ur wholly owned subsidiary,

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Diabetes New Zealand Inc Financial Statements for the year ended 30 June 2013

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  1. Diabetes New Zealand IncFinancial Statementsfor the year ended 30 June 2013

  2. Who is included • Parent = Diabetes New Zealand Inc, including the 18 branches • Group = Diabetes New Zealand Inc + two other entities: • our wholly owned subsidiary, Diabetes Supplies Limited (until it was liquidated), and • the Sir Ernest Davis Diabetes (Auckland) Endowment Fund DESTINATION UNITY – Taking the best of the past and the present into the future

  3. Financial performance • Note: 2012 does NOT include branches • 2013 results: Added detail is in the Notes to the Financial Statements. DESTINATION UNITY – Taking the best of the past and the present into the future

  4. Movements in Equity Opening balance + transferred in from branches + net surplus = Closing balance The transfers shift the amounts included in net surplus to the appropriate fund reserve. DESTINATION UNITY – Taking the best of the past and the present into the future

  5. Financial position Assets less Liabilities = Net Assets, which is the Equity. Equity = Reserves (these are restricted, i.e. they represent assets that are available only for a specific purpose) + Accumulated Funds (represent assets available for general purposes of Diabetes New Zealand) DESTINATION UNITY – Taking the best of the past and the present into the future

  6. Independent Auditor’s Report The auditor says: The financial statements present the financial position as at 30 June 2013, and the financial performance for the year ended 30 June 2013 fairly in accordance with generally accepted accounting practice. DESTINATION UNITY – Taking the best of the past and the present into the future

  7. Diabetes Supplies Ltd DSL stopped trading and was liquidated during the year. DSL lost $51,164 in final 5 months trading to 30 November 2012. As a result Diabetes New Zealand lost $135,561 $35,561 of the loan advanced to DSL and all the $100,000 share capital. $100,000 had been accounted for as a loss in the past; $35,561 is in this year’s financial statements. DESTINATION UNITY – Taking the best of the past and the present into the future

  8. Questions? DESTINATION UNITY – Taking the best of the past and the present into the future

  9. Resolutions Annual financial statements That the Diabetes New Zealand Inc. audited financial statements for the year ended 30 June 2013 be approved. Auditor That pursuant to Rule 15.3f, the Board be authorised to conduct a tender for audit services and to appoint an appropriately qualified firm as auditor of Diabetes New Zealand Inc. for the year ending 30 June 2014. DESTINATION UNITY – Taking the best of the past and the present into the future

  10. DESTINATION UNITY – Taking the best of the past and the present into the future

  11. Branches 12 Branches made a surplus 7 Branches were in deficit Total net surplus for branches = $53,965 Net operating surplus for National Office = $32,962 DESTINATION UNITY – Taking the best of the past and the present into the future

  12. DESTINATION UNITY – Taking the best of the past and the present into the future

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