Statement of Financial Position

as at 30 June 2015

 

Notes

2015
$

 

2014
$

ASSETS

 

 

 

 

Financial Assets

 

 

 

 

Cash and cash equivalents

7A

1,187,697

 

1,325,087

Trade and other receivables

7B

9,993

 

11,002

Total financial assets

 

1,197,690

 

1,336,089

  

 

 

 

Non-Financial Assets

 

 

 

 

Plant & equipment

8A, 8B

102,015

 

140,818

Other non-financial assets

8C

51,270

 

56,433

Total non-financial assets

 

153,285

 

197,251

Total assets

 

1,350,975

 

1,533,340

  

 

 

 

LIABILITIES

 

 

 

 

Payables

 

 

 

 

Suppliers

9A

39,718

 

100,471

Other payables

9B

244,753

 

535,876

Total payables

 

284,471

 

636,347

  

 

 

 

Provisions

 

 

 

 

Employee provisions

10A

452,994

 

452,673

Total provisions

 

452,994

 

452,673

Total liabilities

 

737,465

 

1,089,020

  

 

 

 

Net Assets

 

613,510

 

444,320

  

 

 

 

EQUITY

 

 

 

 

Contributed equity

 

239,000

 

183,000

Reserves

 

126,998

 

126,998

Retained surplus

 

247,512

 

134,322

Total equity

 

613,510

 

444,320

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