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TOTAL STAFFING SOLUTIONS LIMITED
Balance Sheets As at 30 June 2009
Note
Consolidated 2009
Consolidated 2008
Parent 2009
Parent 2008
$
$
$
$
426,640 8,986,555 586,340
268,175
135,990
5,996,635
57,053
6,704
1,075
6,271,514
9,999,535
194,118
41,416 - 970,831 777,760 8,807,616
-
-
187,000
187,000
478,742
72,418
2,670,512
2,220,965
-
-
3,336,254
10,597,623
2,480,383
9,607,768
20,597,158
2,674,501
7,844,072 475,448 2,868,482
6,913,303
352,016
268,981
58,258
4,435,894
907,831
11,618,178
11,188,002
1,318,105
1,002,206
65,755
-
65,755
1,002,206
-
11,683,933
12,190,208
1,318,105
(2,076,165)
8,406,950
1,356,396
11,453,047 506,437
(4,231,018)
13,272,828
13,272,828
512,663
512,663
(15,861,656)
(12,429,096)
(2,076,165)
7,728,466 678,484
1,356,396
-
-
(2,076,165)
8,406,950
1,356,396
ASSETS
Current Assets
Cash and cash equivalents 9
Trade and other receivables 10
Prepayments and other current assets 11
Total current assets
Non-current assets
Receivables 13
Other financial assets 12
Property, plant and equipment 15
Deferred tax asset 14
Intangible assets 16
Total non-current assets
Total assets
LIABILITIES
Current liabilities
Trade and other payables 17
Provisions 19
Borrowings 18
Total current liabilities
Non-current liabilities
Borrowings 18
Total non-current liabilities
Total liabilities
Net assets/(liabilities)
EQUITy
Contributed Equity 20
Reserves 21
Retained earnings 22
Capital & Reserves attributable to equity holders of Total Staffing Solutions Limited
Minority Interest
Total Equity/(Deficit)
The above balance sheets should be read in conjunction with the accompanying notes.
236,365 1,883,213 -
2,119,578
- 6,800,290 103,195 510,849 110,000
7,524,334
9,643,912
359,711 38,721 195,782
594,214
-
-
594,214
9,049,698
11,453,047 506,437
(2,909,786)
9,049,698 -
9,049,698
34
TOTAL STAFFING SOLUTIONS LIMITED Ð Annual Report 2009
TOTAL STAFFING SOLUTIONS LIMITED
Cash Flow Statements For the year ended 30 June 2009
Note
Consolidated 2009
Consolidated 2008
Parent 2009
Parent 2008
$
$
$
$
19,759,129 (21,533,253)
44,530 (199,910) (59,478) (63,713) (384,510)
63,523,240
-
(65,882,889)
(3,315,269)
24,650
11,124
(537,323)
(573,936)
(24,162)
-
(24,983)
-
(20,393)
-
(2,941,860)
(2,437,205)
(3,878,081)
(530,956)
- (5,152,771) (110,000)
- -
(145,484)
(13,174)
1,047,988
1,200,000
-
-
-
-
-
8,351,317
-
(7,738,085)
902,504
(5,793,727)
1,800,058
(889,409) -
- 5,850,000 -
(42,283)
(43,862) 1,500,000
-
-
750,000
750,000
(1,500,000)
-
975,000
1,227,648
257,648
-
133,845
-
(43,836)
-
-
-
572,657
6,374,446
1,977,648
(1,466,699)
(1,856,486) 128,480
(100,375)
(1,728,006)
236,365
(3,194,705)
(1,728,006)
135,990
Cash flows from operating activities
Cash receipts from customers
Cash paid to suppliers and employees
Interest received
Interest paid
Deposit paid
Fringe Benefit tax paid
Other taxes paid
Net cash outflow from operating activities
Cash flows from investing activities
Purchase of property, plant & equipment
Disposal of discontinued operations, net of cash disposed of
Payment for acquisition of business Payment for intellectual property Loan repayments from related parties Loans to related parties
Net cash inflow/(outflow) from investing activities
Cash flows from financing activities
Share issue costs Proceeds from borrowings Repayment of borrowings Proceeds from issue of shares Proceeds from issue of options Sundry loans Finance payment in respect of lease Proceeds from commercial bills Net cash inflow from financing activities
Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the period Cash and cash equivalents at end of period
26
8
- (1,026,333)
30,307 (189,090)
- - -
(1,185,116)
(18,718)
- (3,383,811) (110,000)
4,832,944 (4,979,993)
(3,659,578)
(889,409) -
- 5,850,000 - - - -
4,960,591
115,897
120,468
236,365
The above cash flow statements should be read in conjunction with the accompanying notes.
35