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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.