Annual Report - The Greens The Entrance

The Entrance Bowling Club LimitedABN 29 000 956 052Statement of Financial PositionAs At 30 June 2011Note 2011 2010$ $AssetsCurrent AssetsCash and cash equivalents 4 278,189 153,246Other receivables 5 8,939 169,004Inventories 6 45,792 44,842Prepayments 7 50,673 33,162__________________Total Current Assets 383,593 400,254__________________Non-Current AssetsProperty, plant and equipment 8 3,641,561 3,786,294Investment property 9 1,350,800 1,337,425__________________Total Non-current Assets 4,992,361 5,123,719__________________Total Assets 5,375,954 5,523,973__________________Current LiabilitiesTrade and other payables 10 178,707 178,405Financial liabilities 12 117,124 150,003Short-term provisions 13 150,565 138,505Other liabilities 11 22,324 21,935__________________Total Current Liabilities 468,720 488,848__________________Non-current LiabilitiesFinancial liabilities 2 1,115,988 1,376,951Long-term provisions 60,203 75,483__________________Total Non-Current Liabilities 1,176,191 1,452,434__________________Total Liabilities 1,644,911 1,941,282__________________Net Assets 3,731,043 3,582,691__________________Members’ FundsReserves 353,327 353,327Retained earnings 3,377,716 3,229,364__________________3,731,043 3,582,691__________________The accompanying notes form part of these financial statements.826