Statements of Financial Position
Statements of Financial Position
as at 30 June 2020
AASB | AUASB | ||||||||
Notes | 2020 | 2019 | 2020 | 2019 | |||||
$ | $ | $ | $ | ||||||
ASSETS | |||||||||
Financial Assets | |||||||||
Cash and cash equivalents | 2,183,117 | 464,561 | 1,072,740 | 188,885 | |||||
Trade and other receivables | 259,248 | 334,850 | 0 | 166 | |||||
Appropriation receivables | 0 | 1,656,000 | 0 | 686,700 | |||||
Total financial assets | 2,442,365 | 2,455,411 | 1,072,740 | 875,751 | |||||
Non-Financial Assets | |||||||||
Buildings Right of use - at cost | 350,155 | 0 | 0 | 0 | |||||
Plant & equipment - fair value | 149,232 | 130,533 | 0 | 0 | |||||
Computer Software - at cost | 3,437 | 0 | 0 | 0 | |||||
Prepaid expenses | 63,669 | 96,779 | 38,960 | 0 | |||||
Total non-financial assets | 566,493 | 227,312 | 38,960 | 0 | |||||
Total assets | 3,008,858 | 2,682,723 | 1,111,700 | 875,751 | |||||
LIABILITIES | |||||||||
Payables | |||||||||
Suppliers | 46,130 | 239,612 | 9,712 | 0 | |||||
Management fee payable to AASB | 0 | 0 | 179,685 | 240,771 | |||||
Other payables | 149,944 | 356,788 | 30,782 | 11,170 | |||||
Total payables | 196,074 | 596,400 | 220,179 | 251,941 | |||||
Interest-bearing liabilities | |||||||||
Leases | 358,184 | 0 | 0 | 0 | |||||
Total Interest-bearing liabilities | |||||||||
Provisions | |||||||||
Employee provisions | 303,839 | 293,361 | 264,413 | 180,888 | |||||
Total provisions | 303,839 | 293,361 | 264,413 | 180,888 | |||||
Total liabilities | 858,097 | 889,761 | 484,592 | 432,829 | |||||
Net assets | 2,150,761 | 1,792,962 | 627,108 | 442,922 | |||||
EQUITY | |||||||||
Contributed equity | 651,000 | 681,000 | 280,300 | 312,000 | |||||
Retained earnings | 1499,761 | 1,111,962 | 346,808 | 130,922 | |||||
Total equity | 2,150,761 | 1,792,962 | 627,108 | 442,922 | |||||
Visit
https://www.transparency.gov.au/annual-reports/office-australian-accounting-standards-board/reporting-year/2019-20-32