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Statements of Financial Position

AASB

AUASB

Actual

Budget estimate

Actual

Budget estimate

Original

Variance

Original

Variance

2020

2020

2020

2020

2020

2020

$

$

$

$

$

$

ASSETS

Financial assets

Cash and cash equivalents8

2,183,117

132,000

2,051,117

1,072,740

371,000

701,740

Trade and other receivables9

259,248

2,195,000

(1,935,752)

0

555,000

(555,000)

Total financial assets

2,442,365

2,327,000

115,365

1,072,740

926,000

146,740

Non-financial assets

Buildings ROU 4

350,155

0

350,155

0

0

0

Plant and equipment 7

149,232

70,000

79,232

0

6,000

(6,000)

Computer Software

3,437

0

3,437

0

0

0

Intangibles7

0

71,000

(71,000)

0

22,000

(22,000)

Prepaid expenses 10

63,669

46,000

17,669

38,960

0

38,960

Total non-financial assets

566,493

187,000

379,493

38,960

28,000

10,960

Total assets

3,008,858

2,514,000

494,858

1,111,700

954,000

157,700

LIABILITIES

Payables

Suppliers 11

46,130

282,000

(235,870)

9,712

184,000

(174,228)

Management fee payable to AASB9

0

0

0

179,685

0

179,685

Other payables 9

149,944

33,000

116,944

30,782

23,000

7,782

Total payables

196,074

315,000

(118,926)

220,179

207,000

13,179

Interest -bearing liabilties

Leases 4

358,184

0

358,184

0

0

0

Total Interest-bearing liabilities

358,184

0

358,184

0

0

0

Provisions

Employee provisions 13

303,839

414,000

(110,161)

264,413

232,000

32,413

Total provisions

303,839

414,000

(110,161)

264,413

232,000

32,413

Total liabilities

858,097

729,000

129,097

439,592

439,000

45,592

Net assets

2,150,761

1,785,000

365,761

627,108

515,000

112,108

EQUITY

Parent entity interest

Contributed equity

651,000

760,000

(109,000)

280,300

388,000

(107,700)

Retained earnings

1,499,761

1,025,000

474,761

346,808

127,000

219,808

Total parent entity interest

2,150,761

1,785,000

365,761

627,108

515,000

112,108