b"ABOUT THIS REPORTCorporate Information The financial report covers the economic activities of Ozcare. Ozcare is a Company limited by guarantee. The financial statements, which are presented in Australian dollars which is Ozcares functional and presentation currency and are rounded to the nearest thousand dollars. The financial statements were authorised for issue in accordance with a resolution of directors, on 8 October 2022 by the Directors. The directors have the power to amend and reissue the financial statements. Ozcare is a non-profit entity for financial reporting purposes under Australian Accounting Standards.The registered office of the company is:Ozcare 66 River Terrace Kangaroo Point, QLD 4169 The notes to the financial statements The notes include financial information which is required to understand the financial statements and is material and relevant to the operations, financial position and performance of the Company. Information is considered material and relevant if, for example:The amount in question is significant because of its size or nature It is important for understanding the results of the Company It helps explain the impact of significant changes in the Companys businessfor example, acquisitions and impairment write downs It relates to an aspect of the Companys operations that is important to its future performance Significant and other accounting policies that summarise the measurement basis used and are relevant to an understanding of the financial statements are provided throughout the notes of the financial statements. These policies have been consistently applied to all the years presented, unless otherwise stated.Key events and transactions for reporting period The financial position and performance of Ozcare was particularly affected by the following events and transactions during the reporting period:Construction costs in relation to the Mackay, Hervey Bay and Newstead developments. On 28 February 2022, the Company acquired Delamore Retirement Village from The Institute of the Missionary Franciscan Sisters of the Immaculate Conception. The acquisition of these operations also included the associated assets (equipment, land & buildings), and associated liabilities (employee benefits and resident liabilities). Refer Note 27 for further details. In the light of COVID-19's unprecedented impact on the economic outlook of Australia, the Company has considered its solvency and ability to continue to operate as a going concern. In making their assessment, management has taken into consideration past and future impacts including impact on occupancy in Residential Aged Care facilities, demand for Community Care services supplemented with additional Government funding. Page | 20"