Financial Report Yr Ending 3.. - SHARKIES | Cronulla Sutherland ...

FINANCIAL REPORT FOR THE YEAR ENDED 31ST OCTOBER 2011
STATEMENTS OF FINANCIAL POSITION FOR THE YEAR ENDED 31 OCTOBER 2011
GROUP
LEAGUES CLUB
Note 2011 2010 2011 2010
$ $ $ $
ASSETS
Current Assets
Cash and cash equivalents 6 666,215 244,927 574,103 243,927
Trade and other receivables 7 773,188 825,301 798,669 509,078
Inventories 8 125,516 178,050 72,171 127,501
Current Tax Receivable 5 71,881 66,061 71,881 66,061
Total current assets 1,636,800 1,314,339 1,516,824 946,567
Non-current assets
Property, plant and equipment 9 31,259,275 32,514,621 19,289,700 20,065,229
Total non-current assets 31,259,275 32,514,621 19,289,700 20,065,229
Total assets 32,896,075 33,828,960 20,806,524 21,011,796
LIABILITIES
Current liabilities
Trade and other payables 10 2,701,910 4,018,727 1,659,412 2,877,385
Interest bearing liabilities 11 12,630,281 9,633,327 12,592,883 9,362,142
Short term provisions 12 130,920 128,725 130,920 128,725
Current tax liability 5 - - - -
Income in advance 13 216,988 417,457 112,961 87,483
Total current liabilities 15,680,099 14,198,236 14,496,176 12,455,735
Non-current liabilities
Interest bearing liabilities 11 272,260 644,612 229,885 555,029
Deferred tax liabilities 5 813,047 813,047 813,047 813,047
Long term provisions 12 50,217 84,562 32,771 69,489
Total non-current liabilities 1,135,524 1,542,221 1,075,703 1,437,565
Total liabilities 16,815,623 15,740,457 15,571,879 13,893,300
Net assets 16,080,452 18,088,503 5,234,645 7,118,496
EQUITY
Accumulated funds 16,080,452 18,088,503 5,234,645 7,118,496
Total equity 16,080,452 18,088,503 5,234,645 7,118,496
The above statements of financial position should be read in conjunction with the accompanying notes.
CRONULLA-SUTHERLAND LEAGUES CLUB LIMITED & CONTROLLED ENTITY ABN 54 000 202 826 7