Fitzroy Learning Network Annual Report - Page 18

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