ADAVB 2018/2019 Annual Report

4 6 | A D A V B A N N U A L R E P O R T 2 0 1 8 / 1 9 Consolidated 2019 2018 $ $ NOTE 16: RELATED PARTIES Parent entity ADAVB is the parent entity, refer to note 22. Subsidiaries Interests in subsidiaries are set out in note 10. The Victorian Branch of the Australian Dental Association Incorporated (‘ADA’) collects subscriptions from members of which a proportion is remitted to the ADA. ADA Inc. Membership Subscription 2,266,976 2,248,389 The following ADAVB Councillors are also ADA Councillors: Dr A J Barnes, A/Prof N Hewson and Dr S Liew. NOTE 17: CASH FLOW INFORMATION (a) Reconciliation of cash Cash at the end of the financial year as shown in the statement of cash flows is reconciled to items in the statement of financial position as follows Cash and cash equivalents 3,600,272 3,869,137 (b) Reconciliation of cash flow from operations with surplus/(deficit) for the year Surplus/(Deficit) for the year 130,497 217,634 Depreciation 273,735 290,327 Changes in assets and liabilities: Decrease in trade & other receivables (237,265) 40,776 Decrease in prepayments 12,916 24,112 Increase in trade payables (123,285) (168,781) Increase/(decrease) in provisions 83,759 (91,311) Net cash from operating activities 140,357 312,757 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019