Queensland Ballet

27Statement of financial positionas at 31 December 2010Note2010$2009$ASSETSCash and cash equivalents 7 592,905 1,711,988Trade and other receivables 8 7,432 15,465Other current assets 9 80,802 57,504Other investments 10 748,514 -Total current assets 1,429,653 1,784,957Plant and Equipment 11 117,673 122,336Other investments 10 918,242 863,920Total non-current assets 1,035,915 986,256Total assets 2,465,568 2,771,213LIABILITIESTrade and other payables 12 624,807 1,007,737Employee benefits 13 169,486 208,717Total current liabilities 794,293 1,216,454Employee benefits 13 38,900 44,686Total non-current liabilities 38,900 44,686Total liabilities 833,193 1,261,140Net assets 1,632,375 1,510,073EQUITYRetained earnings 14 1,550,282 1,459,138Fair value reserve 14 82,093 50,935Total equity 14 1,632,375 1,510,073The statement of financial position is to be read in conjunction with the notes to and forming part of the financial statements set out on pages 30-39.ANNUAL REPORT 2010 Queensland Ballet Company ABN 26 009 717 079