Statement of Financial Position
As at 30 June 2019
|
Note |
2019 $ |
2018 $ |
|
|---|---|---|---|
|
Assets |
|||
|
Current Assets |
|||
|
Cash and cash equivalents |
6,665,920 |
4,122,206 |
|
|
Trade and other receivables |
8,459 |
15,221 |
|
|
Other assets |
88,377 |
87,207 |
|
|
Other financial assets |
16,010 |
15,693 |
|
|
Total Current Assets |
6,778,766 |
4,240,327 |
|
|
Non-Current Assets |
|||
|
Property , plant and equipment |
29,954 |
45,654 |
|
|
Total Non-Current Assets |
29,954 |
45,654 |
|
|
Total Assets |
6,808,720 |
4,285,981 |
|
|
Liabilities |
|||
|
Current Liabilities |
|||
|
Trade and other payables |
1,177,739 |
1,185,739 |
|
|
Provisions |
84,085 |
141,288 |
|
|
Total Current Liabilities |
1,261,824 |
1,327,027 |
|
|
Non-Current Liabilities |
|||
|
Provisions |
73,792 |
37,333 |
|
|
Total Non-Current Liabilities |
73, 792 |
37,333 |
|
|
Total Liabilities |
|||
|
Net Assets |
|||
|
Equity |
|||
|
Retained surplus |
1,110,740 |
761,168 |
|
|
Contributed equity |
590,284 |
590,284 |
|
|
Reserves |
3,772,080 |
1,570,169 |
|
|
Total Equity |
5,473,104 |
2,921,621 |
|
The above statement should be read in conjunction with the accompanying notes.
Visit
https://www.transparency.gov.au/annual-reports/australia-business-arts-foundation-ltd/reporting-year/2018-2019-34