Annual Report 2011 - Sturt Fleurieu

Balance SheetAs at 31 December 2011ASSETSNote2011$2010$CURRENT ASSETSCash and cash equivalents 5 2,333,506 1,903,062Trade and other receivables 6 27,375 -Other assets 7 7,146 4,639TOTAL CURRENT ASSETS 2,368,027 1,907,701NON CURRENT ASSETSProperty, plant and equipment 8 561,784 464,972TOTAL NON-CURRENT ASSETS 561,784 464,972TOTAL ASSETS 2,929,811 2,372,673LIABILITIESCURRENT LIABILITIESTrade and other payables 9 937,950 639,207Borrowings 10 154,991 161,537Short-term provisions 11 122,169 115,111TOTAL CURRENT LIABILITIES 1,215,110 915,855NON CURRENT LIABILITIESBorrowings 10 175,490 54,411Other long-term provisions 11 336,670 307,626TOTAL NON CURRENT LIABILITIES 512,160 362,037TOTAL LIABILITIES 1,727,270 1,277,892NET ASSETS 1,202,541 1,094,781EQUITYRetained earnings 1,202,541 1,094,781TOTAL EQUITY 1,202,541 1,094,781The accompanying notes form part of these financial statements.28Annual Report 2011