10 Financial Statements
10 Financial Statements
Rural Workforce Agency, Victoria Limited
Statement of financial position
As at 30 June 2016
Notes
2016
$
2015
$
ASSETS
Current assets
Cash and cash equivalents
Trade and other receivables
Total current assets
6
7
5,519,626
196,779
5,716,405
4,498,615
131,223
4,629,838
Non-current assets
Receivables
Property, plant and equipment
Total non-current assets
8
9
131,482
233,746
365,228
131,482
285,517
416,999
6,081,633
5,046,837
852,979
307,500
124,865
1,285,344
997,004
286,519
224,237
1,507,760
27,577
27,577
41,665
41,665
Total liabilities
1,312,921
1,549,425
Net assets
4,768,712
3,497,412
4,768,712
3,497,412
4,768,712
3,497,412
Total assets
LIABILITIES
Current liabilities
Trade and other payables
Deferred revenue
Provisions
Total current liabilities
10
11
Non-current liabilities
Provisions
Total non-current liabilities
12
EQUITY
Retained earnings
13
Total equity
Independent auditor’s report to the members of Rural
Workforce Agency, Victoria Limited
Report on the financial report
We have audited the accompanying financial report of Rural Workforce Agency, Victoria Limited (the
Company), which comprises the statement of financial position as at 30 June 2016, the statement of
comprehensive income, statement of changes in equity and statement of cash flows for the year ended
on that date, a summary of significant accounting policies, other explanatory notes and the directors’
declaration.
Directors’ responsibility for the financial report
The directors of the company are responsible for the preparation of the financial report that gives a
true and fair view in accordance with Australian Accounting Standards and the Australian Charities
and Not-for-profits Commission Act (ACNC) 2012 and for such internal control as the directors
determine is necessary to enable the preparation of the financial report that is free from material
misstatement, whether due to fraud or error.
Auditor’s responsibility
Our responsibility is to express an opinion on the financial report based on our audit. We conducted
our audit in accordance with Australian Auditing Standards. Those standards require that we comply
with relevant ethical requirements relating to audit engagements and plan and perform the audit to
obtain reasonable assurance whether the financial report is free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures
in the financial report. The procedures selected depend on the auditor’s judgement, including