Bush Heritage and Midlands Conservation
Fund activities continued to be very well supported
during the financial year with a significant increase
in financial contributions from our supporters
in 201213. This increase included the initial
contributions received towards the acquisition
of Naree Station in northern NSW and additional
contributions to the Midlands Conservation Fund
for protection of the Tasmanian Midlands.
Bush Heritage has reported a significantly increased
consolidated net surplus compared to the previous
financial period. Accounting surpluses will arise where
funds are raised for multi-year projects or for capital
acquisitions or for other capital funds.
the acquisition of Naree Station and the additional
contributions into the Midlands Conservation Fund
have both significantly boosted the reported surplus.
The related amounts within the surplus have then been
applied to the purchase of Naree Station and to the
Midlands Conservation Fund respectively. For these
reasons, the amount of reported net surplus or deficit
can vary considerably from year to year.
There were no material impacts on performance
as a result of external events. Overall the fair value
of the investment portfolio increased in line with
market performance.
Bush Heritage is a company limited by guarantee
and does not have issued share capital. As such,
Bush Heritage does not pay dividends.
of Financial Position should
be read in conjunction with
the accompanying notes.
as at 31 March 2013