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Statement of financial position

Notes

2020

2019

$

$

ASSETS

Current assets

Financial assets

Cash and cash equivalents

2.1A

2,954,180

3,580,232

Trade and other receivables

2.1B

1,000,942

1,193,210

Total Financial assets

3,955,122

4,773,442

Non-financial assets

Prepayments

22,592

44,694

Total Non-financial assets

22,592

44,694

Total current asssets

3,977,714

4,818,136

Non-current assets

Non-financial assets

Property, Plant and Equipment

2.2A

1,428,757

1,237,237

Building right of use asset

2.2A

4,898,983

-

Intangibles

2.2A

67,932

88,194

Total non-financial assets

6,395,672

1,325,431

Total non-current asssets

6,395,672

1,325,431

Total assets

10,373,386

6,143,567

LIABILITIES

Current liabilities

Payables

Suppliers

2.3A

176,209

369,775

Other payables

2.3B

127,649

901,768

Lease liability

2.3C

847,976

-

Unearned Income

2.3D

642,094

1,827,388

Total payables

1,793,929

3,098,930

Provisions

Employee provisions

3.1A

403,453

559,246

Total provisions

403,453

559,246

Total current liabilities

2,197,381

3,658,177

Non-current liabilities

Payables

Lease liability

2.3C

4,142,886

-

Total payables

4,142,886

-

Provisions

Other provisions

2.3E

445,970

448,761

Employee provisions

3.1A

697,404

447,540

Total provisions

1,143,374

896,301

Total non-current liabilities

5,286,260

896,301

Total liabilities

7,483,641

4,554,478

Net assets

2,889,745

1,589,091

EQUITY

Contributed equity

172,060

172,060

Retained surplus

2,717,685

1,417,031

Total equity

2,889,745

1,589,091