Finances
Fitzroy Learning Network Annual Financial Report
for the year 2011/12
The balance sheet is to be read in conjunction with the notes to the financial statements.
Statement of financial position
as at 30 June 2012
2012
2011
Note $ $
Current Assets
Cash and Cash Equivalents
14(a)
Receivables
6
Other Assets
7
Total Current Assets
318,486
25,280
–
343,766
338,622
78,474
2,700
419,796
Non-Current Assets
Equipment
8
Total Non-Current Assets
Total Assets
51,445
51,445
395,211
75,740
75,740
495,536
Current Liabilities
Payables
9
Employee Benefits
10
Deferred Income
11
Total Current Liabilities
23,840
69,434
122,236
215,510
19,698
59,390
160,664
239,752
Non-Current Liabilities
Employee Benefits
10
Total Non-current Liabilities
Total Liabilities
Net Assets
5,362
5,362
220,872
174,339
14,301
14,301
254,053
241,483
Members Funds
Accumulated Funds
Total Members Funds
174,339
174,339
241,483
241,483
Statement of changes in equity
for the year ended 30 June 2012
Accumulated
Funds
$
16
Balance at 1 July 2010
Total comprehensive income/(loss) for the period
Balance at 30 June 2011
179,210
62,273
241,483
Balance at 1 July 2011
Total comprehensive income/(loss) for the period
Balance at 30 June 2012
241,483
(67,144)
174,339
Fitzroy Learning Network Annual Report 2011/12