Balance Sheet as at 30 June 1999
1999 |
1998 |
||||
| _______ | _______ | _______ | _______ | ||
| NOTE | $ | $ | |||
| EQUITY | |||||
| Retained Earnings | (2) | 0 | 641,328 | ||
| _______ | _______ | ||||
| Total Equity | 0 | 641,328 | |||
| CURRENT LIABILITIES | |||||
| Sundry Creditors & Accruals | (3) | 231,063 | 243,513 | ||
| Audit Fee | (4) | 7,000 | 7,000 | ||
| Prov.for Recreation Leave | (6) | 76,968 | 92,154 | ||
| Receipts in Advance | (7) | 21,350 | 19,690 | ||
| _______ | _______ | ||||
| TOTAL CURRENT LIABILITIES | 336,381 | 362,357 | |||
| NON-CURRENT LIABILITIES | |||||
| Prov. for Long Service Leave | (5) | 155,474 | 114,778 | ||
| _______ | _______ | ||||
| TOTAL NON-CURRENT LIABILITIES | 155,474 | 114,778 | |||
| _______ | _______ | ||||
| TOTAL EQUITY AND LIABILITIES | 491,855 | 1,118,463 | |||
| _______ | _______ | ||||
| CURRENT ASSETS | |||||
| Cash at Bank & on Hand | 24,567 | 22,031 | |||
| Sundry Debtors & Accruals | (8) | 8,570 | 43,117 | ||
| Investments | (9) | 477,862 | 248,949 | ||
| Payments in Advance | (11) | 58,265 | 55,004 | ||
| _______ | _______ | ||||
| TOTAL CURRENT ASSETS | 569,264 | 369,101 | |||
| NON-CURRENT ASSETS | |||||
| Furniture & Equipment | (10) | 244,476 | 210,716 | ||
| (10) | 63,651 | 65,094 | |||
| (10) | - | 44,001 | |||
| (10) | 57,858 | 107,265 | |||
| (10) | 198,251 | 322,286 | |||
| _______ | _______ | ||||
| TOTAL NON-CURRENT ASSETS | 564,236 | 749,362 | |||
| _______ | _______ | ||||
| TOTAL ASSETS: | 1,133,500 | 1,118,463 | |||
| _______ | _______ | ||||