King Island Council Annual Report 2011-2012 (1921 kb)

King Island CouncilStatement of Financial PositionAs at 30 June 2012AssetsCurrent assetsNote 2012 2011$ $Cash and cash equivalents 19 1,565,523 419,246Investments 20 2,795,277 2,506,713Trade and other receivables 21 488,394 507,917Inventories 22 143,374 157,050Other assets 23 35,286 -Total current assets 5,027,854 3,590,926Non-current assetsInvestment in water corporation 18 4,573,646 4,568,746Property, infrastructure, plant and equipment 24 62,003,380 62,421,053Total non-current assets 66,577,026 66,989,799Total assets 71,604,880 70,580,725LiabilitiesCurrent liabilitiesTrade and other payables 25 237,212 223,178Trust funds and deposits 26 279,685 300,866Other liabilities 27 37,273 -Provisions 28 399,318 345,252Interest-bearing loans and borrowings 29 156,867 138,081Total current liabilities 1,110,355 1,007,377Non-current liabilitiesOther liabilities 27 6,481 -Provisions 28 78,195 24,018Interest-bearing loans and borrowings 29 754,023 555,035Total non-current liabilities 838,699 579,053Total liabilities 1,949,054 1,586,430Net Assets 69,655,826 68,994,295EquityAccumulated surplus 23,604,105 25,075,707Reserves 30 46,051,721 43,918,588Total Equity 69,655,826 68,994,295The above statement should be read in conjunction with the accompanying notes.3