Annual Report/2011 - Royal New Zealand Ballet

Annual Report/201131FINANCIAL STATEMENTSROYAL NEW ZEALAND BALLETStatement of Financial Positionas at 31 December 2011ASSETS2011 2010 2009Restated Restatednotes $’000 $’000 $’000Current assetsBank balance 216 241 175Funds held on deposit 1,384 1,290 1,260Trade receivables 305 199 136Prepaid Expenses 54 102 128Costs relating to futureproductions 546 187 153Inventory 4 4 16Total current assets 2,509 2,023 1,868Non current assetsProperty, plant and equipment 4 246 279 153Total non current assets 246 279 153Total assets 2,755 2,302 2,021LIABILITIESCurrent liabilitiesTrade payables 474 159 283Employee entitlements 89 94 59Accrued expenses 36 33 97Deferred revenue 150 150 150Revenue relating to future productions 196 149 33Total current liabilities 945 585 622Net assets 1,810 1,717 1,399EQUITYRetained earnings 5 1,810 1,717 1,399Total equity 1,810 1,717 1,399ChairTrustee15 march 2012 15 March 2012The above statement of comprehensive income should be read in conjunction with the notes on pages 32 to 41.