Sports organizations such as the department of sport and recreation (2016), Sask Sports Inc (2016), and Sport Nova Scotia (2016) are regularly preparing annual reports for each yearly operation. However, Sask (2016) and Nova Scotia (2016) are only presenting their statement of revenue and expenditure while the government of western Australia (2016) presented a full set of financial statements, which includes the statement of financial position. The financial position of the Australian department revealed that the sport organization has a smaller value for their total debt at only AUD$5.41m when compared to the equity of AUD$147.82m (Department, ...
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