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Financial Report

Income and Expenditure Account for WISENET Incorporated
for the year 1 January 1997 to 31 December 1997

General Account

Income

 

 

1996

 

1997

 

 

$

 

$

Bank Interest

185

 

77

 

Subscriptions

6,100

 

4,451

 

Advertising

200

 

-

 

 

 

6,485

 

4,528

Less Expenses

Audit

240

 

160

 

Post box rental

40

 

44

 

Bank charges

16

 

14

 

Co-ordination Exp.

300

 

241

 

Exhibition Exp.

185

 

-

 

Journal - Printing

4,960

 

3,897

 

Layout/design

1,350

 

1,350

 

Postage

654

 

366

 

Other

-

 

200

 

Sundry Exp.

124

 

55

 

Subscriptions

-

 

1, 787

 

 

 

7,869

 

8,114

Surplus/Deficit for year

 

1,384

 

3,586

Grant Account

 

 

1996

 

1997

 

 

$

 

$

Income

  - Grant

 

-

 

20,000

  - Bank interest

 

1

 

24

 

 

1

 

20,024

Less Expenses

  - Bank charges

 

-

16

 

  - Writing - Demo

 

-

350

 

  - Labels

 

-

30

 

  - Writing

 

-

4,020

4,416

Surplus for year

 

1

 

15,608

Women in Science Enquiry Network - WISENET Incorporated as at 31 December 1997

Statement by Auditor

We have examined the attached Financial Statement being the Balance Sheet and Income and Expenditure Statement of the Women in Science Enquiry Network - WISENET Inc - for the period 1 January 1997 to 31 December 1997. Our audit was conducted in accordance with Australian Auditing Standards and accordingly, included such tests of the accounting records and such other audit procedures as we considered necessary in the circumstances.

In our opinion the attached financial statements are properly drawn up so as to give a true and fair view of the Women in Science Enquiry Network - WISENET Inc. as at 31 December 1997 and of the results of the activities for the period 1 January 1997 to 31 December 1997.

The accounting and other records required have been properly maintained.

Daryl Chipperfield & Co
By Trevor Chipperfield, M.N.I.A., J.P.
Signed at Liverpool on 5 June 1998.


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