Statement of Financial Position
Statement of Financial Position | |||||||
as at 30 June 2020 | |||||||
2020 | 2019 | Original Budget | |||||
Notes | $ | $ | $ | ||||
ASSETS | |||||||
Financial Assets | |||||||
Cash and cash equivalents | 10 | 87,964 | 147,805 | 149,000 | |||
Trade and other receivables | 4 | 5,425,976 | 4,048,224 | 3,302,000 | |||
Total financial assets | 5,513,940 | 4,196,029 | 3,451,000 | ||||
Non-Financial Assets | |||||||
Property, plant and equipment | 1,572,861 | 1,673,022 | 1,765,000 | ||||
Intangibles | 868,923 | 553,691 | 747,000 | ||||
Inventories | 34,855 | 33,105 | 38,000 | ||||
Prepayments | 101,909 | 99,418 | 71,000 | ||||
Total non-financial assets | 2,578,548 | 2,359,236 | 2,621,000 | ||||
Total assets | 8,092,488 | 6,555,265 | 6,072,000 | ||||
LIABILITIES | |||||||
Payables | |||||||
Suppliers | 6A | 1,405,678 | 607,966 | 548,000 | |||
Other payables | 6B | 248,878 | 57,874 | 62,000 | |||
Leases | 6C | 3,557 | - | ||||
Total payables | 1,658,113 | 665,840 | 610,000 | ||||
Provisions | |||||||
Employee provisions | 2,616,730 | 2,404,893 | 2,126,000 | ||||
Total provisions | 2,616,730 | 2,404,893 | 2,126,000 | ||||
Total liabilities | 4,274,843 | 3,070,733 | 2,736,000 | ||||
Net assets | 3,817,645 | 3,484,532 | 3,336,000 | ||||
EQUITY | |||||||
Contributed equity | 3,271,095 | 2,621,095 | 3,272,000 | ||||
Asset revaluation reserve | 620,609 | 620,609 | 558,000 | ||||
Retained surplus/(accumulated deficit) 1 | (74,059) | 242,828 | (494,000) | ||||
Total equity | 3,817,645 | 3,484,532 | 3,336,000 | ||||
The above statement should be read in conjunction with accompanying notes.
1. Retained surplus is impacted by an adjustment to recognise the initial application of AASB 15. Please refer to the Statement of Changes in Equity.
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