Annual Report 2010 - Royal New Zealand Ballet

Annual Report 2010\ 25FINANCIAL STATEMENTSROYAL NEW ZEALAND BALLETStatement of Financial Positionas at 31 December 20102010 2009notes $’000 $’000ASSETSCurrent assetsBank balance 241 175Funds held on deposit 1,022 1,005Trade receivables 199 136Prepaid Expenses 102 128Costs relating to futureproductions 187 153Inventory 4 16Total current assets 1,755 1,613Non current assetsProperty, plant and equipment 4 279 153Total non current assets 279 153Total assets 2,034 1,766LIABILITIESCurrent liabilitiesTrade payables 159 283Employee entitlements 94 59Accrued expenses 33 97Deferred revenue 150 150Revenue relating to futureproductions 149 33Total current liabilities 585 622Net assets 1,449 1,144EQUITYRetained earnings 5 1,449 1,144Total equity 1,449 1,144ChairTrustee22 February 2011 22 February 2011The above statement of financial position should be read in conjunction with the notes on pages 26 to 35.