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CAA Annual Report : 2010
7 CHIROPRACTORS' ASSOCIATION OF AUSTRALIA (NATIONAL) LIMITED A.C.N. 050 096 038 DIRECTORS' REPORT Your Directors submit the fnancial report of the company for the year ended 30 June 2010. In order to comply with the provisions of the Corporations Act 2001 the Directors report as follows: DIRECTORS The names of the Directors in offce at any time during or since the end of the year are:- Drs B. Chow, A. Croke, S. Eaton, S. Floreani, G. Irvine, T. Kennedy-Shanks, Z. Love, D. Richards, P. Sim, M. Uren, T. Vagg PRINCIPAL ACTIVITY The principal activity of the Company during the fnancial year has been to promote the best interests of the chiropractic profession and those of the members throughout Australia. ADOPTION OF AUSTRALIAN EQUIVALENTS TO IFRS As a result of the introduction of Australian equivalents to International Financial Reporting Standards (IFRS), the company fnancial report has been prepared in accordance with those Standards. RESULTS The net result of operations was a surplus of $280,990 after providing for income tax of $30,799 (2009 surplus $203,084 after tax). REVIEW OF OPERATING RESULTS The surplus for the year amounted to $280,990 which has been added to the accumulated funds of the company which are now $3,817,371. SIGNIFICANT CHANGES There were no signifcant changes in the principal activities of the Company during the year. EVENTS SUBSEQUENT TO BALANCE DATE No matters or circumstances have arisen since the end of the fnancial year which in the opinion of the Directors would signifcantly affect the operations of the Company, the results of those operations or the state of affairs of the Company in subsequent fnancial years.