STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2020
Notes | 2020 $ | 2019 $ | |||
ASSETS | |||||
Financial Assets | |||||
Cash and Cash Equivalents | 2,112,733 | 1,805,11 | |||
Loans and Other Receivables | 3,606,351 | 3,374,164 | |||
Total financial assets | 5,719,084 | 5,552,275 | |||
Non-Financial Assets | |||||
Intangibles | 28,427 | - | |||
Total non-financial assets | 28,427 | - | |||
Total assets | 5,747,511 | 5,552,275 | |||
LIABILITIES | |||||
Payables | |||||
Suppliers | 23,413 | 20,570 | |||
Total Payables | 23,413 | 20,570 | |||
Total Liabilities | 23,413 | 20,570 | |||
Net assets | 5,724,098 | 5,531,705 | |||
EQUITY | |||||
Retained surplus | 5,724,098 | 5,531,705 | |||
Total equity | 5,724,098 | 5,531,705 | |||
The above statement should be read in conjunction with accompanying notes | |||||
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https://www.transparency.gov.au/annual-reports/royal-australian-navy-relief-trust-fund/reporting-year/2019-20-18