Australian Securities & Investments Commission ARE on i ein 39 OCT 20% Form 388 copestoahe tt Cl 294, 294B, 295, 296-301, 307, 308, 319, 321, 322 Corporations Reguatons 1.0.08, 24.3.0, 203.03 Copy of financial statements and reports heros insufficient space in any section ofthe form, you may photocopy the relevant page(s) and submit as pat ofthis lodgement Company/scheme details Lodgement details ‘An imago ofthis form wil be avatabo as aro the pubic register. Campanyschere name az 151 O05) 27b ‘Who should ASIC contact f there isa query about this form? ASIC registered agent number (if appicabe) [Church of Scient ology Ausbalia ACNARSUPINABH Fimvopaneston HEE Cont eaefation descigion Twn nber (ng buses hou) [Michael Gordon (ol) 4632 S200 El adress opto rosa O Dorahy 5 si ‘terion Ponte [Bunda sw C2 1 Reason for lodgement of statement and reports Tiek appropriate box ‘See Gul or defn of Ter 2 pubic crane by quranise ‘See Gude or defn of ge popetay ‘xmgany ‘See Gul fr defo of al propiary ‘apn ‘Dates on which financial year begins and ends ‘public company oa Gecdocing ery wich is nota rgiered scheme or presebed rlereat undertaking ‘ATier2 pbc company ites by quaranize registered scheme ‘Amandinent of nancial stlements or rector report (company) -Amondrnnt of nancial sltomonts or drocts'report (registred scheme) [[] Atarge propa company tats nota dscosng ently ‘Asmat proprietary company tha is controbed by afreign company fer allorpartf the period and \where the company’s prot or oss for le periods not covered bythe slatements lagged with ASIC by 2 registered foreign company, company, eitered scheme, or discsing ely ‘smal proprietary company, or smal company inited by guarantee a i request by ASIC to pro abe ars doe 1. Aesctsies tang aia dca ey Fran eres apc eens Hit 0H ® ILA Og poM wy pM wy o ® © © 0 o ” ASIC Ferm 388 Tocebe 2043 Page tod |2 Details of large proprietary company See Guide fr dein of ange ard smal the company is a large propeary company tals no a discos endy lease compel the flowing infomrain a5 ropitry companies. _althe end of he financial year for wtih the fancial statements reli ‘A. Whats the consolidated everuo ofthe large popstar company andthe ents that coils? 1B Whatis the vale ofthe consolialed gross assets ofthe large proprietary company and he ene tha toons? (© How many employees aro omslayod bythe argo proptotay company and th eites thal contols? 1D How many members des he larg proptelary company have? 3 Auditor's or reviewer's report Woe to fads eatonons anda or vowed? uted -conpie ery Rovowed -conpte Aart 8 Tick one box and complete rlovant sedion(s) 7 [rt cciemeeieaemmamemmenal Dives FW 'R Reviewed Isthe reviewer registered company aut, or member of The Instlute of Chartered ‘Accountants in Austai, CPA Austraa Limited or Insite of Puble Accountants and holds a practising cartcate issued by one of those bodies? Ce | Ono Audited or Reviewed Is tre opiordcancusion in the repo: ‘Motif? (The opnioncanclsio nthe epot is qualiled, adverse or disclaimed) rs One ‘Does he rport contain an Emphasis of Mater andor Ober Matter paragragh? ae ASIC Ferm 388 oceba 2013 Page z0t4Pee 4 Details of current auditor or auditors Notes: Regisleed schemas mest adie ASIC oe aponinent of nau on a Farm £137 Appirinent ! chemo aur wn 4 day th appeitnort fhe asi + Apu cmpany tes by guarantee may. n some crastances, have ther arcs evened, These conpaieseeslireqite ohare ana ord hese eats ms be ros ‘Acompany may have two apponied ‘auditors, roviced that both auditors ‘were appointed onthe same date. Otherwise, an appeinted auditor must ‘sig, be removed or therse eased before a subsequent appoiniment may be made, ASIC Form 388 “Auioregitraton number (or incvdval auditor or utbrised adi company) [£044 Fira enna CAMMAERATA [GAETAVO Cangsnyne OMEN Finn name (¥ ppfcable) 1a) ney Ss fico uri ove Lover + ‘Street number and Steet name 47 York St ‘Subutly StatToiony Postado Sydney MS uf [L000 cour tava) Dato of sppcintnen e\4l Ge) fl cow MY ‘uso egistaon number (rina autor or aahorsed aut compan) Family came Given nae o ‘Company name. ‘ACNIAEN Fim name (fappicable) fice, unt, ove ‘Skeet number and Steet name ‘SuburtiCty Stateertory Postcode County i not Ausra Octobe 2013, Page sot5 Statements and reports to be attached to this form Frail Salons or eyo (as requed by 5(2) and cxaurtng Sanda) + Stalonent of comprhonsvencomo, may as indude a soparats income slatoment rho year + Statement of andal poston a5 atte end ofthe year + Siatenent of ash fw forthe year + Stement of cange in muy oR 3 required by accounting Sandan — the consoitte satomans of comprehensive inconefnaame stoment, facial potion, cash ows and charges in ey "Noes ancl statements (see $295(3) + Disclosures required by the regulations + Notes required by the accouning standards + Any ober information necessary to give a tue and far view (0 6297). The signed directors’ dedration cbeut the statements and nots (600 £295(4)) ‘Te signed rectors report forthe year, nclaing he copy ofthe auditor's or reviewer's independence deiaration (ee $288 10 $3008), Signe audios report or, where apptcabe reviewer's report (see 01, s307 to se). ons pa (any) (803318) Signature ‘erty tht te attached documents marked ( are ative copy othe anginal report required tobe losged under 1819 of he Corporation Act 2001. See Guide for deta of signatory. Name Michael Govdon Snare Mm Z Capacity U pirecior Comgany secretary Oe sine 5 1,7) (2) HAL wm Lodgement Send compli and sped orrato Former lafomnation ‘asain Seciies and lnvesients Commission, We yanvasegovan POBox 4O00, Gyan Mai Cente Vic 384 Neodhlp? wanvasc govauqueston Or lodge the form electronically by: ee 1+ isling to ASIC website wavs gouau ‘+ using Standard Business Reporting enabled sofware, See ‘wonasbegovafor more deta, ASIC Ferm 88 ober 2019 Page dotCHURCH OF SCIENTOLOGY AUSTRALIA (A Company Limited by Guarantee) (ABN 25 151 052 274) FINANCIAL REPORT for the year ended 31 DECEMBER 2011Church of Scientology Australia (ACompany Limited by Guarantse) ‘ABN 25 151 052.274 Directors Report For the Year Ended 31 Deceriber 2011 ‘The directors present their report together with the financial report of the Church for the financial ye ended 31 December 2011, 1. Directors ‘The names of each person who has been a director during tne year and! to the date ofthis report are: Mrs. Tatjana Senkeviciono Rev. Michael Gordon Rev. Vick! Dunstan 2. Directors Notes for 2014 ‘As obsorvad with the naw Ideal Church of Scientology building in Melboume, whenever we move to new premises and have more space, our membership always exoands because we can deliver more services {and offer so much more to the communily. People ate very interested in Scientology and what ithas to offer and we have a very comprehensive website with more than 400 Fims on it and people can taka one (of 19 free courses in Scientology online from enywere in the country. Usually they check oul the website {and then come in fo lock for thamsetvas. They find Wt is a practical region, works for hem and helps them to understand themselves and others and improve conditions in ite, ‘Wo also have had some highly trainod roigious councallors complete their Walring and we are now able to deliver a wider range of reigious counseling services as a result We opened new Church premises in Ascot Vale in lta January 2011 (Ascot Valo itis 25 km from the city). The Church buling in Russell Street was far too small for our growing numberof parishioners, The new property is approximately 6 400 sq matros and tho buildings have @ capacity for several hundrad ata time. ‘Throughout the day we had over 2.000 people coming through {o tour the new building. Since we opened, ‘he delivery of Church services has increased § mos in just the lat year ‘Tho now facitles inctude a lange chapel which doubles as a public auditorium availabte to the communi We have a number of course rooms dedicated lo our Life Improvement Courses including literacy, ‘elationships and communication; es well as facies for our community cutreach programs including drug ‘education, human rights education, morals education a6 well as a base for our disaster responce program hich is among the largest volunteer groups in the wert, Unique in t's new church facility is also multimedia information centre where people can find out for themsolves who we are and what we do. People can walkin any lime of tho day and tako a coltguides tour through these displays. We have a lot of curious people walking through fo chack out what Scientology is. Religious services in the theology of Scientology aro provided in distaction-ree course rooms and spititual counseling rooms, There ero also ibraries, fim and sominar rooms, @ conference room and more. We offer marriage counseling, wedding sorvices, funerals, neming ceremonies. Wa also offar Chaplain services for those in noad. Wo also wil be offering a local Volunteer Ministor program. We have ‘As @ result ofthe above success the Diructors willbe focusing on the Sydney Church as the next in tine for ‘completion ofits renovations.Church of Scientology Australia (A Company Limited by Guarantee) ‘ABN 25 151 052274 Directors Report (Continued) For the Year Ended 34 December 2011 Principal Activities, ‘The principal activly ofthe Church during the financial year was tho dissemination and practica of the :oligion of Sciontolgy which includes the devary of -eligious sorvices as the primary purpose. Fundraising ‘activities are conducted to enable the purchase of Church premises to facilitate the practice of the ‘Scientology religion to the bebeft ofthe Church parishioners and the community. 4. Short-term and Long-term Objectives ‘The company’s shor-lerm objectives are to: ~ Increase the numer of ministors tained in Sciontclogy roigious counseling, = Increase the number of parishioners receiving Scientology religious sarvices in Australia. = Complete he Sydnay Church's expansion and renovations (201 Castlereagh Steet) so that It can provido the full Church services envisioned by the religion's founder, . Ron Hubbard. = To greatiy extend the delivery of the Churc's charitable program: the community ‘The Church's long-term objectives are to: = Complete the renovations ofall Churches of Sciontology in Australia and bringing them to ideal ‘Church standards as envisioned by the retiglons founder, L. Ron Hubbard enabling them to provide all services and community programs. Provide suppor, financially and through voluntaers, to social betterment programs that benoit the ‘general Australian public including drug education, human rights, iteracy, disaster response and ‘moral education, To achieve its stated objectives, the Church has adopted the folowing strategies: = The implementation of fund raising actives o fund the purchase and renovations of Church facilities so thatthe religious education and other religious services can be conducted for the benefit of alt parishioners and services to the community = The implementation of training programs for volunteer staff so thatthe delivery of Sciontology services is increased and in full accordance with Church scriptures, The implementation of campaigns to distribute tho Scientology scriptures to past, curont and fuluro parishioners thereby making availabe the full banefit ofthe Scientology religious philosophy and Scriptures to the Church membership, 5. KyPerformance Measures The Church measures its own performance through tha use of slaistics that moasure expansion and reflect the success of achieving the Church's short-term and long-term objectives. 2011 increase Parishioners completing minor eligious courses. 39% Parishioners completing major religious courses. 3% ‘Amount of raligious counseling datverad, 3%Church of Scientology Australia (ACompeny Limited by Guarantee) ‘ABN 25 151 052274 6. Information on Directors ‘rs. Tatjana Senkevicione ~ Director ané Treasurer Quatications Trained in Church operations and management Experience = 12 years experience in Church Financial policies Special Responsibities = Church Financial Planning Rev. Michae! Gordon = Director and Secrotary (Qualifications = Trained in Church operations and management Experience = 1B years experience is Church operations and management Special Responsibiltios = Loga! Director for the Church Rev. Vieki Dunstan = Dirwcior and President Quatiications = Trained in Church operations and management Experience = 30 years experience is Church operations and management ‘Special Responsibiies = Responsibie for official matters and Church community rotated programs. 7. Meetings of Directors During the nancial year, two meetings of directors were held. Attendances by each director ware as follows: Directors’ Meatings Number eligible to attend Number attended Rev. Vick Dunstan 2 2 Rev. Michael Gordon 2 2 ‘Mre, Tajana Senkeviciene 2 2 ‘The Church is incorporated under the Corporations Act 2001 and is @ company limited by guarantee. if the Church {is wound up, the constitution states that each member is required to contibute @ maximum of $2 each towards ‘mooting any outstanding obligations of the enlily. At 34 Decomber 2011, tho total amount that mombors of tho ‘Church are liable to contribute if tne company is wound up is $10 (2010: SNA). ‘Auditor's Independence Dectaration ‘The lead aucttor's independence decisration for the year ended 31 Dacomber 2011 has been received and can be found on page 4 ofthe financial report. ‘Signed in accordance with a resolution of the Board of Directors. Director Vile Py. ev. Vicki Dunstan (Chair) ated this ae? day of Aug vst 2012Church of Scientology Australia (A Company Limited by Guarantee) ABN 25 151 052 274 AUDITOR'S INDEPENDENCE DECLARATION UNDER S 307C OF THE CORPORATIONS ACT 2001 ‘TO THE DIRECTORS OF CHURCH OF SCIENTOLOGY AUSTRALIA | dectare that, to the best of my knowledge ond belie, during the year ended 31 December 2011 there have been: i ‘80 contraventions of the auditor independence requirements as set out in the Corporations Act 2001 in relation to the audit; and a ‘80 contraventions of any applicable code of prof onal conduct in relation tothe audit Name of auditor: Gactane Antonio Commarata ‘Auditor's Registration No: 14049 Name of fr: Prudential Partners Chartered Accountants Address: Level 4, 47 York Street, Sydney NSW 2000 Dat 24" August 2012Church of Scientology Australia (A Company Limited by Guarantee) ‘ABN 25 154 082 276 ‘STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2011 Revenue Volunteer alowances Missionary & tours expenses Purchases of religous books 8 artolacts Contributons to affiliated organisations Postage, cariage & foight Rent, rates & insurance Depreciation Light & heating Telephone, telex & facsimile Repairs & maintenance Cleaning, laundry & ary cleaning Office & administration expenses Hire of equipment Dissemination expenses Printing & stationery Volunteer welfare expenses Travel & subsistence Motor vehicle expenses Lega! & professional foes Training matorate Canteon expenses Bank charges interest Exchange losses Ecclestastical services Fm lease payments, Licensing fees & memberships Religious training Loss on dispose of asseis, Omer expenses Current year loss bofore income tax Income tax expense Not curront year lors Other comprehensive income after income tax Other comprehensive income for the year, net of tax ‘Total comprehensive loss for tho yoar “otal comprehensive oss attributable to members ofthe ently Note 201 8 sngrraae (2.925.674) (722590) (1.879.667) (317.685) (785,340) (4,100,104) (1,046,911) (654,696) (614.011) (197,768) (47.330) (29,544) 9.916) (701,654), (490,674) (1.418.824) (443,311) (161,375) (786,702) (2.850) (489,408) (217,003) (6.148) (1,038,982) (121,062) (298,344) (664,351), (260.911), (arm (196.375) (996,375), (36.375) (196.375), age 6018Church of Scientology Australia {A Company Limited by Guarantee) ‘ABN 25 151 052 274 ‘The accompanying notes form part ofthese fnancal statements, ‘STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2011 Note ASSETS (CURRENT ASSETS. (Cash and cash equivatents ‘Accounts receivable and other debiors Inventories on hand ‘Other curent asses ‘TOTAL CURRENT ASSETS NON-CURRENT ASSETS Property, plant and equipment Intangible assets ‘TOTAL NON-CURRENT ASSETS. TOTAL ASSETS UABILES (CURRENT UABILTIES ‘Accounts payable and other payable Contibuons received in advance ‘TOTAL CURRENT LIABILITIES TOTAL LIABILITIES NET ASSETS equity Retained surpluses TOTAL EaUITY ‘The accompanying notes form part ofthese Franca! statements, 10 2011 2,682,505, 6,625,318 7,499,536 999,711 43,201,071 20,339,822 870 20:347,602 63,548,763, 8.04%,948 38,175,883, 38,175,083, 25,432,880 25,492,880, 25,432,880 Page 70! 18Church of Scientology Australia (A Company Limited by Guarantee) ‘ABN 25 154 052 274 ‘STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2011 Accumulated Total Funds. s s Balance at 1 January 2011 25,569,255, Comprehensive income Loss forthe year attributable to members ofthe en (136,375) (136.375) Other comprehensive income forthe year 5 i Total comprehensive loss attributable to members ofthe entity, (136375) (36.375) Bolance at 31 Docomber 2011 25,432,880, 25,492,880, The accompanying notes form pat ofthese financial statements. Page sol 18Church of Scientology Australia (A Company Limited by Guarantee) ‘ABN 25 151 052 274 ‘STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2011 Note zon s CASH FLOWS FROM OPERATING ACTIVITIES Receipts ftom parshioners 16,233,468 Receipts trom afliated organisations 1,007,686 Payments to suppliors and volunteers (16,049,728) Interest resolved 4,369,959 Refund of prior year GST 1,303,608 [Net cash (used inygenerated from operating activites " 3,065,183 CASH FLOWS FROM INVESTING ACTIVITIES Payment for property, plant and equipment (1,790,834) Payment for intangible assois (877) Refund of rental bond 7.409 Net cash used in iwesting actvties (1,787,302) CASH FLOWS FROM FINANCING ACTIVITIES Paymonts on franco contract (2,328) Net cash used in nencing ctviios (2,326) Net increase in cash held 2,085,563 CCash atthe beginning of he nancial year 26 536,943 Cash atthe end ofthe financial year 3 28,882,506 ‘The accompanying notes form pat ofthese fnancial statements, Page sof 18Church of Sclentology Australia (A Company Limited by Guarantee) ‘ABN 25 151 052 274 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2011 Nota 1: Summary Of Significant Accounting Policies. ‘Tho directors have prepared the financial statements on the basis thatthe company is @ non-reportng centty because thera are no users who are dopondont onli genoral puroso financial slatemonts. Those financilsiatements are therefore special purpose financial statements that have been prepared in order te meet the requirements ofthe Corporations Act 2001. The company isa not-orprott erly for financial reporting purposes undor Australian Accounting Standards. ‘Tho Fnancial statements have been prepared in accordance withthe mandatory Australian Accounting Standards applicabe to entles reporting under the Corporations Act 2001 and the significant accounting policies cclosed below, which the dectors have determined ara appropriate to mect the ‘needs of members. Such accounting policies are consistent wit those of previous periods uniess otherwise sated ‘The financial statements, except for the cash Now information, have been prepared on an accruals basis and are based on historical costs unless alherse slated in the notes. Material accounting Palcies adopted inthe preparation ofthese nancial staterens are presented below and have been Coneistenty appliod unloss stated otnarwiso. The amounts proseniod in ho financial eatornants havo been rounded to the nearest dol. ‘The financial statements were authrised for issue on 24 August 2012 by the directors ofthe company. ‘Accounting Policios Revenue Donations are recognised as revenue when received. Intorestracolved is rocognised when itis crected by the nancial instuton Revenue trom the rendering ofa service Is recognised upon the delivery of he servica tothe parishionors. ‘All rovonue is stated net ofthe amount of goods and services tax (GST), b. Inventories on Hand Inventories are measured atthe lower of cot, current replacement cost or net reaksable value Property, Plant and Equipment Each class of property, plant and equipment is cated at cost or fair value, less, where ‘applicable, accumulated depreciation and any Impairment losses, Plant and equipment Plant and equipment are measured on the cost basis lees deprecation and any impairment losses. ‘The carrying amount of plant and equipment is reviewed annualy by cractors to ensure itis notin excess ofthe recoverable amount fom these assets The racoverable amounts. assessed on te basis ofthe expected not cash flows that willbe receivd from the assets employment and subsequent dlsposal. The expected net cashflows have not been ‘discounted lo ther presont values in determining rocovorablo emounts Depreciation Tho depreciable amount of all faxed assets incluting buildings and captatsed lease assets, but excluding freehold land, is depreciated on a saightsin basis over the asset's useful le tothe ently commencing from the time the assot i held roady for use. Leasehold improvements are deprecated over the shorter of either the unexpired period ofthe lease or {the estimated use! lives ofthe improvements The depreciation rates used for each class of depreciable assets ae: Page 100119Church of Scientology Australia (A Company Limited by Guarantee) ‘ABN 25 151 052 274 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2011, Note 1: Summary Of Significant Accounting Policies (continued) Class of Fixed Asset Depreciation Rate Bulings 5% Leasehold improvements 5% Furniture & oquipmont 20% Computer sofware 20% Motor vehicles 20% ‘Tho assets’ residual values ond useful ves are reviewed, and adjusted if sppropriate, at the end of each reporting poiod. [an asset's carying amount is written down immediately tits recoverable amount ifthe _ascote carrying amount is greater than its es timatod recoverable amount. Gains and losses on disposals are dotermined by comparing procoods with the carrying mount These gains or losses are recognised Immediately in prof or ss. Impairment [At the end of each reporting period, te company assesses whather there is objective ‘ovidence that a financial assot has beon impaired. A financial asst ora group of financial ‘asses is deemed tobe Impaired, end only I, there is objective evidence of impairment as a result of one or more events (a “oss event’) that has occurred, which has an impact on the cealimated futuro cash flows ofthe franca assets) 4. Impairment of Assets ‘Ato end of each reporting period. the ently reviaws te carrying values of is tangible and intangible assets to determine whether there fs ary ndcation that those assois have bean ‘impaired. If such an indication exists, the recoverable emount of tre asset, being the higher of the asset far val less costs to sel and valuo in use, is compared a the asset's earying value. Any excess ofthe asses carrying valu over ils recoverable amount is recognised immediatly in profi o oss. © Gash and Cash Equivalents ‘Cash and cash equivalents include cash on hand, deposits held at-cal wth banks and other -short-tarm highly liquid investmants. 1. Goods and Services Tax (GST) Revenues, expenses ond assets are recognised net of the amount of GST. Receivables and payables are stated inclusive of the amount of GST receivable or payable, Tho not amount of GST recoverable fom, or payable to, te ATO is included with other receivables or payables inthe statement of fnancial positon. {Cash flows are presented on a gross basis. The GST components of cash flows arising from investing or financing actives which are recoverable from, or payable to, the ATO are presented as operating cash flows included in raceips from parishioners or payments to ‘supplies. Income Tax No provision for income tax has been raised as the eniyis exempt from income tax under Div 50 of the Income Tax Assessmont Act 1997. Accounts Payable and Other Payables ‘Trade and other payables represent the liability outstanding a the end ofthe reporting period {or goods and services received by he company during or prior to the reporing period when remain unpaid. Page 11 of18Church of Scientology Australia (A Company Limited by Guarantee) ‘ABN 25 151 052 274 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2011 Note: summary Of Significant Accounting Policies (continued) i Corporative Figures and Trading Period ‘The company was incorporaled on 23 May 2011 and has no comparative figures. ‘The Church of Scientology Australia was an incorporated association in NSW under the ‘Associations Incorporation Act 2009 prior to becoming registered as a company limited by (uarantae under the Corporations Act 2001, ‘The financial report includes opening balences from when the company was an association ‘and trading resus fr tne fl year trom 1 January 2011 to 31" December 2011 as reporting for an incomplete fancal year was not prefered i. Foreign Currencies ‘Assots& Liabilities in foreign curencios have been translated into Ausraliandoltars atthe rale of exchange ning atthe balance sheet date. Contributions received in advance Contributions received from parishioners in advance of services given are recognised as ‘current abies, untl the service is commenced. 1 _Amounts payable to Affilated Organisations ‘Amounts payable o affiliated organisations are recognised as curren alii, The amounts payable aro unsecured with no express terms 26 10 repayment Note 2: Proft Before Income Tex ot s a Exponses Depreciation and amortisation: = plant and equipment 1088,67 = Software 3214 ‘Total depreciation and amortisation expensos 7088911 b.Signiticant Revenue ‘The folowing significant revenue items are relevant in ‘explaning the financial performance: ‘Spirtual counseting & religious vaining 10,536,445 ‘Sales of religious books & arelacts 1889451 Donations 2949,252 ‘Contabutons from atfilatod organisations 948,028 Interest received ‘Canteen proceeds, Exchange gains Noto 3: Cash And Cash Equivalents (Current bank accounts 8,994,446 Inlerest bering deposits, 19,680,899, ‘Cath on hand Page 20118Church of Scientology Australia (A Compeny Limited by Guarantee) ‘ABN 25 151 052.274 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2011 Note 4: Accounts Receivable And Othor Debtors ‘CURRENT “Amounts due fom related church after restructure Alfiated church suppiess pai Other dabiors Note 5: Inventories On Hand ‘CURRENT ‘At cost Stock ‘At current replacement cost 7,388,258 ‘Atretrealisablo value 7,499,596 Note 6: Other Current Asse GST receivable ‘Securty deposits ‘Deposits on fixed assots Prepayments Note 7: Property, Plant And Equipment LAND & BUILDINGS Freehold Land ~ at cost 3.018.269 Building - at cost 16,090,698 ‘Loss accumulated amortisation (737,490) 18,360,477 Leasehold Building improvements ~ at cost 132.995 Less accumulated depreciation (119312) 14.08 ‘oa Land & Buidings 76,383,160 PLANT & EQUIPMENT. Furnituo, Fitings & Equipmont atcost 6,778,526 Less accumulated depreciation (4,048,761) "1929.763 [Motor Vehicles ~ at cost 490,075, ‘Less acoumulated depreciation (483,476) 26,599 ‘ola! Plat 8 Equipment 1,956,362 ‘Total Property, Pant & Equipment 20,398.52 Page 13018Church of Scientology Australia (A Company Limited by Guarantee) ‘ABN 25 151 052 276 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2011 ‘Note 6: Intangible Assets 2011 s ‘Computer sofware: Cost 31.555 ‘Accumulated amortisation (3,385) 8,170 Note 9: Accounts Payable And Other Payables (CURRENT ‘Accounts payable 320,613 ‘Amounts payable to alated organisations 8,474,900 ‘Amounts payable on finance contracts 46,135 8,045,648 Nota 10: Contributions Recelved In Advance Contributions recaved from parishioners in advanco 729,274,095 Note 11: Cash Flow information Reconciliation of cash flows from operations with loss after Income tax: Loss after incoma tax (136,375) Non-cash losin loss: = depreciation and amortisation 1948911 = oss.on disposal of assets 260810 Changes in assets and tiabites: = decrease in accounts receivable and other debiors 22.090 ~ _neross0 in contbutions received in advance 34,229 = docrease in prepayments 48,008 = decrease in inventories on hand 982,730 = decrease in accounts payable and other payables (61.182) = decrease in GST receivable 1.415,860 = increase in amounts due to affliated organisations 293,103 Cash flows (usodin)provided by operating actvtios 3,066,168 Page 140198Church of Scientology Australia (A Company Limited by Guarantee) ABN 25 181 052 274 [NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2011 Noto 12: Entity Details “The registered office ofthe company is: Church of Scientology Australia 20Dorahy Steet Dundas NSW 2117 ‘The principal place of business is: (Church of Scientology Australia 20 Dorahy Stet ‘Dundas NSW 2117 Page 150118Church of Scientology Australia {A Company Limited by Guarantee) ‘ABN 25 151 052 274 DIRECTORS" DECLARATION ‘The directors have determined thatthe company is nol a reporting entity end that this special purpose: financial report should be prepared in accordance with the accounting policies described in Note 110 the nancial statements. In accordance witha resolution of the directors of Church of Scientology Australia, the directors declare that: 1. The financial statements and notes, 2s set out an pages § to 15, are in accordance withthe Corporations Act 2001 and: 2. comply withthe Accounting Standards applicable to the company; snd b.—give.a tue and fair view ofthe nancial positon as at 31 December 2011 and of the performance of the company forthe yoar ended on that date of the company in accordance with the accounting policies described in Note 1 of the financial statements. 2. Inthe directors’ opinion here are reasonable grounds to believe thatthe company wil be able to pay its debts es and when they become due and payable. ‘This declaration is made in accordance with a resolution of the Board of Directors. Viedtr PBwiki — Rov, Vicki Dunstan (Chair) Dated this 24 day of August 2012Church of Scientology Australia (A Company Limited by Guarantee) ABN 25 181 052 274 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ‘CHURCH OF SCIENTOLOGY AUSTRALIA ‘We have audied the accompanying financial report, being a special purpose financial report, of Church of Scientology Australia (the company), which comprises the statement of nancial position es at 31 December 2011, the statement of comprehensive income, statement of changes in equity and statement ‘of cash flows forthe year then ended, notes comprising a summary of significant accounting policies and ‘other explanatory information, and the directors! declar Directors’ Responsibility for he Financial Report The directors of the company are responsibie for the preparation of the fnancial report and have determined that the accounting policies described in Note 1 tothe financial report are approprise to mest the requirements of the Corporations Act 2001 and are appropriate to meet the needs of the members. “The dicectors' responsibilty also includes such internal control as the citectors determine is necessary to tenable the preparation ofa financial report thats tree from material misstatement, whether due to fraud oF eror ‘Aucitor's Responsibly ‘Our rasgonsiilty is 10 express an opinion on the financial report based on our audi, We have conducted ‘our audit in accardance with Australian Auditing Standards. Those standards require thet we comply with twlovant ethical requirements relating to eudit engagoments and plan and perform the audit to obtain ‘easonable assurance whether the financial report is tree from material misstatement, [An audit involves pertorming procedures to obtain audit evidence about the amounts and disclosures in the financial report, The procedures selected depend on the auditor's judgment, including he assessment of tho risks of material misstatement of the financial cepor, whether dusto fraud or erar. n making those risk assessments, the auditor considers intemal control relevant to the company’s pi ‘nancial report that gives a true and falr view in order to design aueit procedures tha the circumstences, but not for tne purpose of expressing an opinion on the effeciveness of the entity's internal control. An auait also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the directors, az well as evaluating the overall presentation ofthe fnancia! report Because of the matter described in the Basis or Disclaimer of Opinion paragraph, however, we were not able to obtain sufficient appropriate audit evidence fo provide a basis for an audit opinion. Independence In conducting our audit, we folowed applicable independence requirements of Australian professional ethical pronouncements and the Corporations Act 200 Basis for Disclaimer of Opinion ‘The previous financial period was not audited. Wa were unable to satisfy ourselves by alternative means conceming a number of opering balances disclosed in he statements of fnanical performance & cash flows & the statement of financial positon, 0s opening balances. Whilst we were satisfied with the material accuracy of amounts recorded inthe statement of nancial positon al 31 December 2041, the impact of ‘opaning balances on the current period financial performanca & cash flows provenis us from forming an opinion on the financial report taken as a whole. Disclaimer of Opinion Because of the significance ofthe matter described in the Basis for Discsimer of Opinion paragraph, wa hhave not been able to obizin sufficient appropriate aucit evidence to provide @ basis for an audit opinion, Accordingly, we do not express an opinion an the financial repo. Poge 170118Church of Scientology Australia (A Company Limited by Guarantee) ABN 25 151 052 274 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF (CHURCH OF SCIENTOLOGY AUSTRALIA Basis of Accounting ‘Without moditying our opinion, we draw attention to Note 1 tothe financial report, which describes the basie of accounting, The financial report has been prepared for the purpose of fulling the directors’ financial reporting responsibilities under the Corporations Act 2001. Asa sesull, the financial repo may ‘not be suitable for another purpose. CS Name of auctor: Gaetano Antonio Cammarata ‘Auditor's Registration No: 14049 Name of fem: Prudential Partners Chartered Accountants Address: Level 4, 47 York Street, Sydney NSW 2000 Date: 24 August 2012