ANNUAL REPORT 2010 sub-Branch - Blacktown RSL

ANNUAL REPORT 2010Statement of Financial PositionAs at 30 June 2010Note 2010 2009$ $ASSETSCurrent AssetsCash and cash equivalents 1,013,416 1,756,990Trade and other receivables 20,379 7,934Inventories 64,364 69,136Financial assets 2,220 2,012Current tax assets - 29,567Other current assets 102,385__________________159,478__________________Total Current Assets 1,202,764 2,025,117__________________ __________________Non-Current AssetsProperty, plant and equipment 20,058,453 19,193,596Deferred tax assets 55,928__________________127,682__________________Total Non-Current Assets 20,114,381 19,321,278__________________ __________________Total Assets 21,317,145 21,346,395__________________ __________________LIABILITIESCurrent LiabilitiesTrade and other payables 721,480 966,530Finance liabilities 1,135,098 946,599Employee benefits 481,908 478,034Other current liabilities 46,118 67,168Current tax liability 1,964__________________-__________________Total Current Liabilities 2,386,568 2,458,331__________________ __________________Non-Current LiabilitiesFinance liabilities 3,901,252 4,873,441Employee benefits 79,284__________________69,738__________________Total Non-Current Liabilities 3,980,536 4,943,179__________________ __________________Total Liabilities 6,367,104 7,401,510__________________ __________________Net Assets 14,950,041 13,944,885____________________________________Members’ FundsRetained profits 2 14,950,041__________________13,944,885__________________Total Members’ Funds 14,950,041 13,944,885____________________________________The Statement of Financial Position is to be read in conjunction with the discussion and analysis on page 22and the notes to the financial statements set out on page 23.BLACKTOWN RSL CLUB LIMITED - where friends love to meet19