Financial Update – 2012 results and 2013 Projections

1. Financial Update – 2012 results and 2013 Projections Paul Evans Treasurer, iNADO

2. Key Financial Facts 2012 INCOME: $185K • 22 paid up members • Membership income $78k • WADA grant $107k • 97% income target

3. Key Financial Facts 2012 EXPENDITURE • Budgeted expenditure $166K • Actual expenditure $117k • Spent 70%

4. Key Financial Facts 2012 EXPENDITURE

5. Key Financial Facts 2012 SURPLUS AT END 2012 • Budgeted surplus $24K • Actual surplus $68K • Reserves target: 6 months worth operating activities • 43% so far

6. 2013 Projections/ results to date INCOME BUDGET $330k • Target of 40 members, with income target $170K • So far 35 members, $187K • WADA Grant $160K

7. 2013 Projections/ results to date BUDGETED EXPENDITURE $316,700

8. Cash Position

9. Cash Position Cash at 31 December 2012 = $155k WADA Grant = $160K MEMBERSHIP INCOME = $187k LESS ADVANCED GRANT/INCOME = $80k TOTAL CASH = $422k BUDGETED SPEND & 2012 PAYABLES = $330k EXCESS OF CASH OVER SPEND = $92k

11. Draft Financial Statements 2012

12. STATEMENT OF COMPREHENSIVE INCOME

13. STATEMENT OF FINANCIAL POSITION