Statement of Financial Position
2020 | 2019 | Original Budget | |||
$ | $ | $ | |||
ASSETS | |||||
Financial assets | |||||
Cash and Cash Equivalents | 50,026 | 49,733 | 49,000 | ||
Appropriation Receivable | 3,640,000 | 3,935,000 | 3,668,000 | ||
GST Receivable | 153 | 12,594 | - | ||
Total financial assets | 3,690,179 | 3,997,327 | 3,717,000 | ||
Non-financial assets | |||||
Prepayments | 213,291 | 215,864 | 213,000 | ||
Total non-financial assets | 213,291 | 215,864 | 213,000 | ||
Total assets | 3,903,470 | 4,213,191 | 3,930,000 | ||
LIABILITIES | |||||
Payables | |||||
Suppliers | 1,590 | 76,394 | - | ||
Employee related | 957 | 625 | 1,000 | ||
Total payables | 2,547 | 77,019 | 1,000 | ||
Total liabilities | 2,547 | 77,019 | 1,000 | ||
Net assets | 3,900,923 | 4,136,172 | 3,929,000 | ||
EQUITY | |||||
Contributed equity | 81,000 | 81,000 | 81,000 | ||
Retained surplus | 3,819,923 | 4,055,172 | 3,848,000 | ||
Total equity | 3,900,923 | 4,136,172 | 3,929,000 |
The above statement should be read in conjunction with the accompanying notes.
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https://www.transparency.gov.au/annual-reports/national-competition-council/reporting-year/2019-20-30