STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2003 | |||||
| 2003 | 2002 | ||||
| NOTE | $ | $ | $ | $ | |
| CURRENT ASSETS | |||||
| Cash Assets | 3 | 1,620,863 | 1,083,576 | ||
| Receivables | 5 | 86,120 | 129,300 | ||
| Inventory | 396,558 | 462,359 | |||
| Prepayments | 65,158 | 110,593 | |||
_______ | _______ | ||||
| TOTAL CURRENT ASSETS | 2,168,699 | 1,785,828 | |||
| NON-CURRENT ASSETS | |||||
| Property Plant & Equipment | 6 | 520,647 | 477,825 | ||
_______ | _______ | ||||
| TOTAL NON-CURRENT ASSETS | 520,647 | 477,825 | |||
_______ | |||||
| TOTAL ASSETS: | 2,689,346 | 2,263,653 | |||
| CURRENT LIABILITIES | |||||
| Payables | 4 | 639,350 | 717,052 | ||
| Employee Benefits | 138,582 | 105,825 | |||
| Other | 11,000 | 48,055 | |||
_______ | _______ | ||||
| TOTAL CURRENT LIABLITIES | 788,932 | 870,932 | |||
| NON-CURRENT LIABILITIES | |||||
| Employee Benefits | 318,233 | 324,039 | |||
| Lease Incentive Liability | 12 | 55,406 | 76,184 | ||
_______ | _______ | ||||
| TOTAL NON-CURRENT LIABILITIES | 373,639 | 400,223 | |||
_______ | _______ | ||||
| TOTAL LIABILITIES: | 1,162,571 | 1,271,155 | |||
| NET ASSETS | 1,526,775 | 992,498 | |||
_______ | _______ | ||||
| EQUITY | |||||
| Accumulated Surplus | 18 | 1,526,775 | 992,498 | ||
_______ | _______ | ||||
| TOTAL EQUITY: | 1,526,775 | 992,498 | |||
| _______ | _______ | ||||