Annual Report 2004-2005 - City of Vincent
Annual Report 2004-2005 - City of Vincent
Annual Report 2004-2005 - City of Vincent
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S TATEMENT OF F INANCIAL P OSITION<br />
Statement <strong>of</strong> Financial Position<br />
as at 30 June <strong>2005</strong><br />
Actual<br />
Actual<br />
2003/04 Note <strong>2004</strong>/05<br />
$ $ $ $<br />
CURRENT ASSETS<br />
9,780,528 Cash Assets 11 9,564,717<br />
57,829 Deposits and Prepayments 103,740<br />
11,000 Investments 7 11,000<br />
1,805,602 Receivable 6 1,271,423<br />
224,136 Stock on Hand 26 202,218<br />
11,879,096 TOTAL CURRENT ASSETS 11,153,098<br />
CURRENT LIABILITIES<br />
2,711,265 Payables 8 2,189,932<br />
791,095 Provisions 8 1,120,281<br />
1,725,630 Interest Bearing Liabilities 17 196,862<br />
5,227,990 TOTAL CURRENT LIABILITIES 3,507,075<br />
6,651,106 NET CURRENT ASSETS 7,646,023<br />
NON-CURRENT ASSETS<br />
100,541 Investment in Mindarie Regional Council 20 100,541<br />
223,967 Receivable 6 205,138<br />
112,973,139 Property, Plant & Equipment 9 115,286,785<br />
113,297,647 TOTAL NON-CURRENT ASSETS 115,592,464<br />
NON-CURRENT LIABILITIES<br />
7,843,311 Interest Bearing Liabilities 17 10,534,585<br />
530,713 Provisions 8 440,888<br />
8,374,024 TOTAL NON-CURRENT LIABILITIES 10,975,473<br />
111,574,730 NET ASSETS 112,263,014<br />
EQUITY<br />
98,344,662 Retained Pr<strong>of</strong>its (Surplus) 98,146,508<br />
6,306,577 Cash Reserves 10 7,193,015<br />
6,923,491 Asset Revaluation Reserve 6,923,491<br />
111,574,730 TOTAL EQUITY 112,263,014<br />
TOWN OF VINCENT _ A NNUAL R EPORT <strong>2004</strong>-<strong>2005</strong><br />
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