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Statement of Financial Position

Bundanon Trust

For the year ended 30 June 2019

The statement should be read in conjunction with the accompanying notes.

NOTES

2019

2018

Assets

$

$

Financial Assets

Cash and cash equivalents

5

3,074,630

4,536,480

Trade and other receivables

6

70,316

123,694

Net GST receivable

6

44,041

-

Other

6

14,719

15,382

Financial instruments (FVOCI)

7

1,251,701

1,171,696

Total Financial Assets

4,455,407

5,847,252

Non-Financial Assets

Collection

8

42,846,255

43,000,000

Land and buildings

9

14,247,483

13,225,000

Plant and equipment

10

828,840

933,361

Inventories

12

369,698

362,455

Intangible assets

11

82,343

116,449

Total Non-Financial Assets

58,374,619

57,637,265

Total Assets

Liabilities

62,830,026

63,484,517

Payables

Suppliers

Trade creditors

14

336,900

66,267

Sundry creditors and accrued expenses

14

216,861

154,129

Net GST payable

14

-

317,313

Total Suppliers

553,761

537,709

Other

Deposits (i)

14

40,020

50,890

Unearned revenue (ii)

14

2,717,241

3,777,328

Donations in advance (iii)

14

2,665

2,665

Total Other

2,759,926

3,830,883

Total Payables

Provisions

3,313,687

4,368,592

Employee provisions

15

273,443

305,647

Total Provisions

273,443

305,647

Hire Purchase Agreements

Hire purchase liabilities

17

48,044

85,518

Unexpired interest

17

(1,540)

(4,701)

Total Hire Purchase Agreements

46,504

80,817

Total Liabilities

3,633,634

4,755,056

Net Assets

59,196,392

58,729,461

NOTES

2019

2018

Equity

$

$

Contributed equity

Reserves

45,164,907

45,166,939

Retained Surplus

14,031,485

13,562,522

Total Contributed equity

59,196,392

58,729,461

Total Equity

59,196,392

58,729,461