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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

2.1A

4,287,224

2,972,905

Loans and other receivables

2.1B

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

2.2A

33,968

21,824

Total payables

33,968

21,824

Provisions

Employee provisions

3.1A

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.