Business Review
Operating result
The surplus (deficit) from ordinary activities amounted to $92,763 (2008: ($156,197)).
Review of Operations
FaHCSIA grants increased by 5% during the year, however, the increase was undermined by the significant decrease in other revenues by 37%, thus posting a net decrease in revenue. The operating surplus however increased because employee benefits expense decreased and no doubtful debt provision was required to be raised this year.
Dividends
The company being limited by guarantee and a not-for-profit organisation, and in accordance with its Constitution, does not pay dividends to its members.
