CCF Annual Report 2016/17 Financial Year | Page 51

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017
2017 $ 2016 $
1,102,094 1,071,525
Accounts Payable 163,418 65,010
Other Creditors 49,875 39,083
Payroll Liabilities 21,394 21,339
GST Payable 88,847 107,844
Accrued Expenses 6,000 3,600
1,431,628 1,308,401
TRADE AND OTHER PAYABLES
Current
Income not yet earned
Total
No amounts were payable in respect of legal matters and/or consideration for employers making
payroll deductions (2016: $nil)
Non-Current
Debentures Not Repayable Within One
Year
2,000 2,000
40,704 43,083
(899) (3,111)
Total 39,805 39,972
Westpac Business Loan (i) 76,812 -
Total Current Borrowings 116,617 39,972
Hire Purchase Liability 15,179 56,818
Less Unexpired Hire Purchase Liability (60) (2,480)
Total 15,119 54,338
Westpac Business Loan (i) 741,443 -
Total Non-Current Borrowings 756,562 54,338
BORROWINGS
Current
Hire Purchase Liability
Less: Unexpired Hire Purchase Liability
Non-Current
(i) The facilities for this borrowing is secured by the following:
$840,000 Limited Guarantee and Indemnity provided by Civil Contractors Federation
ABN 41 639 349 350 supported by: Mortgage by Civil Contractors Federation over the property
located at 9 Business Park Drive, Notting Hill Vic 3168.