Wreck Bay Aboriginal Community Council

ABN: 62 564 797 956

Statement of Financial Position

as at 30 June 2020

Note

2020

2019

ASSETS

$

$

Financial assets

Cash and cash equivalents

2.1A

4,321,916

1,365,551

Trade and other receivables

2.1B

785,478

549,091

Other financial assets

2.1C

1,080,723

1,060,913

Total financial assets

6,188,117

2,975,555

Non-financial assets

Land and buildings

2.2A

55,381,364

55,634,279

Infrastructure, plant & equipment

2.2A

414,407

369,877

Total non-financial assets

55,795,771

56,004,156

Total assets

61,983,888

58,979,711

LIABILITIES

Payables

Suppliers

2.3A

301,453

236,736

Other payables

2.3B

3,742,543

249,598

Total payables

4,043,996

486,334

Provisions

Employee provisions

3.1A

296,312

263,347

Former employee provisions

3.1B

96,958

159,459

Total provisions

393,270

422,806

Total liabilities

4,437,266

909,140

Net assets

57,546,622

58,070,571

EQUITY

Reserves

32,309,832

32,309,832

Retained surplus

25,236,790

25,760,739

Total equity

57,546,622

58,070,571

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