WA Branch RTBU Financial Report

	2004 $	2003 $
Income
Union dues - Rail Division	161,200	126,374
Union dues - Locomotive Division	152,511	128,014
Union dues - Bus Division	2,347	2,890
Insurance recoveries	1,182	-
Interest received	2,115	2,917
Other income	11,145	1,161
Profit on sale of assets	(12,296)	-
Reimbursed expenditure	-	11,935
Journey Cover Recoupment	21,184	17,777
rents received	95,545	103,347
Total Income	434,932	394,415
Less Total Expenditure	394,355	417,653
Profit from ordinary activities before tax	40,577	(23,238)
Income tax revenue relating to ordinary activities	-	-
Net profit attributable to the association	40,577	(23,238)
Total changes in equity of the association	40,577	(23,238)
Opening retained profits	804,708	827,946
Net profit attributable to the association	40,577	(23,238)
Closing retained profits	845,285	804,708

Notice - Schedule 1b

272 Information to be provided to members or Registrar

1. A member of a reporting unit, or a Registrar, may apply to the reporting unit for specified prescribed information in relation to the reporting unit to be made available to the person making the application
2. The application must be in writing and must specify the period within which, and the manner in which, the information is to be made available. The period must net be less than 14 days after the application is given to the reporting unit
3. A reporting unit must comply with an application made under subsection (1)

Auditors Report to Members

Audit Opinion

We performed procedures to assess whether in all material respects the financial report presents fairly, in accordance with the Associations Incorporation Act, including compliance with Accounting Standards and other mandatory financial reporting requirements in Australia, a view which is consistent with our understanding of the association's financial position, and of its performance as represented by the results of its operations and cash flows.

In our opinion, the financial report of the Australian Rail Tram and Bus Industry Union presents a true and fair view in accordance with applicable Accounting Standards and other mandatory professional reporting requirements in Australia, the financial position of the Australian Rail Tram and Bus Industry Union as at 31 December 2004 and the results of its operations and its cash flows for the year then ended.

Graham Douglas Anderson - Principal
Graham D Anderson & Co

April 15, 2005
1st Floor 1174 Hay Street, West Perth WA 6005