CLUB MANAGERS’ ASSOCIATION AUSTRALIA
DISCUSSION AND ANALYSIS
FINANCIAL YEAR ENDED 31 DECEMBER 2012
Information on Club Managers’ Association Australia
This discussion and analysis is based on Club Managers’ Association Australia – financial statements
and information contained in the full 2012 financial statements of Club Managers’ Association
Australia and is provided to assist members in understanding the full financial report.
Statement of Comprehensive Income
During this financial year, the revenue from the Trade Show and Magazine segments has decreased
due to less market demand caused by the economic crisis. Courses segment has maintained similar
profit this year. However, the operating result of the Conference segment turned to a positive due to a
dramatic increase in revenue from more events and conferences organised this financial year.
Revenue from Administration has increased, however the related expenses have increased at a higher
rate this year, which has resulted in a loss in this segment compared to the operating results for last
Statement of Financial Position
Total assets decreased by 2.6% to $2,791,888. This was attributable to the depreciation and disposal
of fixed assets and decrease of cash and cash equivalents from subscriptions and sponsorship
Statement of Cash Flows
Net cash in flows from operating activities was deficit of $1,271 in 2012 compared with a surplus of
$461,301 in 2011. The decrement was due to more sponsorship and membership been receivable at
the year end and more creditors being paid during the year. Overall there was a net decrease of
$130,171 in cash and cash equivalents in 2012 of $1,076,097 (2011: $1,206,268)
Statement of Changes in Equity
Equity has increased due to the profit from operations being retained.
CMAA Annual Report 2012
Any member who has a question relating to the Association's accounts, should submit that inquiry in writing to the Executive Officer, Ralph Kober at firstname.lastname@example.org by March 1 2013.