Statement of Financial Position at as 30 June 2018 Note 2018 2017 $ $ ASSETS CURRENT ASSETS Cash and cash equivalents 6 1,604,212 1,485,489 Other current assets 7 162,898 149,585 CURRENT ASSETS 1,767,110 1,635,074 NON-CURRENT ASSETS Property, and equipment 8 1,859,857 1,548,562 TOTAL NON-CURRENT ASSETS 1,859,857 1,548,562 ASSETS 3,626,967 3,183,636 LIABILITIES CURRENT LIABILITIES payables 9 49,362 27,934 Provisions 10 406,881 300,457 Sundry payables and accrued expenses 9 399,318 249,672 TOTAL CURRENT LIABILITIES 855,561 578,063 NON-CURRENT LIABILITIES Provisions 10 27,412 49,485 TOTAL NON-CURRENT LIABILITIES 27,412 49,485 TOTAL LIABILITIES 882,973 627,548 NET ASSETS 2,743,994 2,556,088 MEMBERS’ Reserves 11 1,014,021 1,014,021 Accumulated surplus 1,729,973 1,542,067 TOTAL MEMBERS’ FUNDS 2,743,994 2,556,088 Statement of Changes in Members’ Funds for Year Ended 30 June 2018 Accumulated Asset Asset Revaluation Realisation Surplus Reserve Reserve $ $ $ $ Balance at 1 July 2016 765,001 1,527,368 249,020 2,541,389 Comprehensive Income Surplus for the year 14,699 - - 14,699 Total comprehensive income for the year attributable to members of the entity 14,699 - - 14,699 Balance at 30 June 2017 765,001 1,542,067 249,020 2,556,088 Comprehensive Income Surplus for the year - 187,906 - 187,906
Statement of Financial Position at as 30 June 2018 Note 2018 $ 2017 $ ASSETS CURRENT ASSETS Cash and cash equivalents 6 1,604,212 1,485,489 Other current assets 7 162,898 149,585 CURRENT ASSETS 1,767,110 1,635,074 NON-CURRENT ASSETS Property, and equipment 8 1,859,857 1,548,562 TOTAL NON-CURRENT ASSETS 1,859,857 1,548,562 ASSETS 3,626,967 3,183,636 LIABILITIES CURRENT LIABILITIES payables 9 49,362 27,934 Provisions 10 406,881 300,457 Sundry payables and accrued expenses 9 399,318 249,672 TOTAL CURRENT LIABILITIES 855,561 578,063 NON-CURRENT LIABILITIES Provisions 10 27,412 49,485 TOTAL NON-CURRENT LIABILITIES 27,412 49,485 TOTAL LIABILITIES 882,973 627,548 NET ASSETS 2,743,994 2,556,088 MEMBERS’ Reserves 11 1,014,021 1,014,021 Accumulated surplus 1,729,973 1,542,067 TOTAL MEMBERS’ FUNDS 2,743,994 2,556,088 Statement of Changes in Members’ Funds for Year Ended 30 June 2018 Accumulated Surplus $ Asset Revaluation Reserve $ Asset Realisation Reserve $ $ Balance at 1 July 2016 1,527,368 249,020 765,001 2,541,389 Comprehensive Income Surplus for the year 14,699 - - 14,699 Total comprehensive income for the year attributable to members of the entity 14,699 - - 14,699 Balance at 30 June 2017 1,542,067 249,020 765,001 2,556,088 Comprehensive Income Surplus for the year 187,906 - - 187,906
Annual%20Results%202017-2018.docx