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Statement of Financial Position

Statement of Financial Position Current Report Period (2018-19)

ROYAL AUSTRALIAN AIR FORCE WELFARE TRUST FUND

STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2019

Notes

2019

$

2018

$

ASSETS

Financial assets

Cash and Cash Equivalents

2.1A

2,972,905

2,853,717

Loans and Other Receivables

2.1B

8,527,917

8,393,497

Total financial assets

11,500,822

11,247,214

Non-financial assets

Intangibles

2.2A

-

1,485

Total non-financial assets

-

1,485

Total assets

11,500,822

11,248,699

LIABILITIES

Payables

Other payables

2.3A

21,824

17,295

Total payables

21,824

17,295

Provisions

Employee Provisions

3.1A

27,993

19,965

Total provisions

27,993

19,965

Total liabilities

49,817

37,260

Net assets

11,451,005

11,211,439

EQUITY

Retained surplus

11,451,005

11,211,439

Total equity

11,451,005

11,211,439

The above statement should be read in conjunction with the accompanying notes.