BALANCE SHEET as at 30 June 2008
|
Notes |
2008 $ |
2007 $ |
| ASSETS |
|
|
|
| Financial Assets |
|
|
|
| Cash and cash equivalents |
5A |
1,569,531 |
1,559,769 |
| Trade and other receivables |
5B |
491,827 |
9,651,376 |
| Total financial assets |
|
2,061,358 |
11,211,145 |
| Non-Financial Assets |
|
|
|
| Land and buildings |
6A |
108,171 |
193,141 |
| Infrastructure, plant and equipment |
6B |
350,045 |
308,431 |
| Intangibles |
6C |
127,725 |
141,328 |
| Other non-financial assets |
6D |
2,950 |
5,838 |
| Total non-financial assets |
|
588,891 |
648,738 |
| Total Assets |
|
2,650,249 |
11,859,883 |
| LIABILITIES |
|
|
|
| Payables |
|
|
|
| Suppliers |
7A |
208,832 |
162,780 |
| Other payables |
7B |
15,141 |
7,712 |
| Total payables |
|
223,973 |
170,492 |
| Provisions |
|
|
|
| Employee provisions |
8A |
512,811 |
434,139 |
| Other provisions |
8B |
114,255 |
146,451 |
| Total provisions |
|
627,066 |
580,590 |
| Total Liabilities |
|
851,039 |
751,082 |
| Net Assets |
|
1,799,210 |
11,108,801 |
| EQUITY |
|
|
|
| Contributed equity |
|
700,000 |
700,000 |
| Reserves |
|
58,592 |
22,832 |
| Retained surplus |
|
1,040,618 |
10,385,969 |
| Total Equity |
|
1,799,210 |
11,108,801 |
| Current Assets |
|
2,064,308 |
11,216,983 |
| Non-Current Assets |
|
585,941 |
642,900 |
| Current Liabilities |
|
760,772 |
709,984 |
| Non-Current Liabilities |
|
90,267 |
41,098 |