ANNUAL REPORT 2007-2008 CITY OF GREATER GEELONG
ANNUAL REPORT 2007-2008 CITY OF GREATER GEELONG
ANNUAL REPORT 2007-2008 CITY OF GREATER GEELONG
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<strong>CITY</strong> <strong>OF</strong> <strong>GREATER</strong> <strong>GEELONG</strong><br />
BALANCE SHEET AS AT 30 JUNE <strong>2008</strong><br />
Note <strong>2008</strong> <strong>2007</strong><br />
$000 $000<br />
Assets<br />
Current Assets<br />
Cash and Cash Equivalents 16 (301) 1,857<br />
Trade and Other Receivables 17 13,714 6,986<br />
Financial Assets 18 31,412 30,864<br />
Other Assets 19 74 64<br />
Inventories 20 873 689<br />
Total Current Assets 45,772 40,460<br />
Non-Current Assets<br />
Trade and Other Receivables 17 776 1,977<br />
Investments in Associates 13 6,765 5,560<br />
Property, Infrastructure, Plant and Equipment 21 1,314,305 1,242,008<br />
Total Non-Current Assets 1,321,846 1,249,545<br />
Total Assets 1,367,618 1,290,005<br />
Liabilities<br />
Current Liabilities<br />
Trade and Other Payables 22 13,711 13,662<br />
Refundable Deposits 23 1,352 1,461<br />
Employee Benefits 24 15,449 13,977<br />
Interest Bearing Loans and Borrowings 25 3,056 6,788<br />
Total Current Liabilities 33,568 35,888<br />
Non-Current Liabilities<br />
Employee Benefits 24 2,896 2,808<br />
Interest Bearing Loans and Borrowings 25 12,519 10,575<br />
Landfill Provision 26 6,220 5,858<br />
Other Liabilities 27 129 -<br />
Total Non-Current Liabilities 21,764 19,241<br />
Total Liabilities 55,332 55,129<br />
Net Assets 1,312,286 1,234,876<br />
Equity<br />
Accumulated Surplus 825,063 804,183<br />
Reserves 28 487,223 430,693<br />
Total Equity 1,312,286 1,234,876<br />
The above balance sheet should be read with the accompanying notes<br />
140
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