Year by year it has become increasingly complex to provide services for the elderly in our community. Throughout the past decade we were always aware that to end the year with a positive financial position was going to become increasingly difficult. While we have been working on opportunities to give us a buffer, each year along has come setback after setback. Although it is no comfort, we know that the perilous state of the Aged Care Industry is felt far and wide.
Notwithstanding the obstacles, our management and staff have been amazing throughout this time. They have gone above and beyond in adapting to new requirements and fulfilling our obligations.
– NVC Group Chairman Janine Reed
The General Purpose Financial Reports (GPFR) for both NVC Group Limited and Cedar Place Aged Care Facility Limited show the companies performed acceptably well in a very challenging year.
More Cedar Place Aged Care Facility Limited GPFR