Statement of Financial Position
ROYAL AUSTRALIAN AIR FORCE WELFARE TRUST FUND
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2020
Notes | 2020 $ | 2019 $ | |
ASSETS | |||
Financial assets | |||
Cash and cash equivalents | 4,287,224 | 2,972,905 | |
Loans and other receivables | 7,486,536 | 8,527,917 | |
Total financial assets | 11,773,760 | 11,500,822 | |
Total assets | 11,773,760 | 11,500,822 | |
LIABILITIES | |||
Payables | |||
Other payables | 33,968 | 21,824 | |
Total payables | 33,968 | 21,824 | |
Provisions | |||
Employee provisions | 37,466 | 27,993 | |
Total provisions | 37,466 | 27,993 | |
Total liabilities | 71,434 | 49,817 | |
Net assets | 11,702,326 | 11,451,005 | |
EQUITY | |||
Retained surplus | 11,702,326 | 11,451,005 | |
Total equity | 11,702,326 | 11,451,005 |
The above statement should be read in conjunction with the accompanying notes.
Visit
https://www.transparency.gov.au/annual-reports/royal-australian-air-force-welfare-trust-fund/reporting-year/2019-20-47