KU Financial Report
Statement of Financial Position
as at 31 December 2011
Current assets
Note 2011 $
Cash and cash equivalents 19 ( b ) 10,872,656 16,627,388 Trade and other receivables 5 4,221,370 2,406,073 Other financial assets 6 6,989,862 7,621,477 Other assets 7 648,029 166,801
2010 $
Total current assets 22,731,917 26,821,739
Non-current assets Property , plant and equipment 8 15,561,362 14,061,118
Total non-current assets 15,561,362 14,061,118
Total assets 38,293,279 40,882,857
Current liabilities Trade and other payables |
9 |
7,157,140 |
5,463,182 |
Unearned Income |
10 |
9,711,585 |
15,678,395 |
Provisions |
11 |
7,944,340 |
7,908,433 |
Total current liabilities 24,813,065 29,050,010
Non-current liabilities Provisions 11 1,343,118 1,120,109
Total non-current liabilities 1,343,118 1,120,109
Total liabilities 26,156,183 30,170,119
Net assets |
|
12,137,096 |
10,712,738 |
Funds General Funds |
12 |
10,466,753 |
8,341,785 |
Fundraising Reserve |
13 |
1,192,584 |
1,261,579 |
Available-for-Sale Reserve |
14 |
477,759 |
1,109,374 |
Total funds 12,137,096 10,712,738
The statement of financial position is to be read in conjunction with the attached notes .
116th Annual Report 2011 23