Section 2 - Sugar Research and Development Corporation
Section 2 - Sugar Research and Development Corporation
Section 2 - Sugar Research and Development Corporation
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>Sugar</strong> <strong>Research</strong> <strong>and</strong> <strong>Development</strong> <strong>Corporation</strong><br />
NOTES OF THE FINANCIAL STATEMENTS<br />
Outcome 1 Outcome 1 Total Total<br />
2011<br />
$’000<br />
2010<br />
$’000<br />
2011<br />
$’000<br />
2010<br />
$’000<br />
Expenses:<br />
Employees (1,002) (1,046) (1,002) (1,046)<br />
Suppliers (999) (898) (999) (898)<br />
Grants (8,182) (7,764) (8,182) (7,764)<br />
Depreciation (42) (69) (42) (69)<br />
Write-Down <strong>and</strong> Impairment<br />
of Assets<br />
(1) (8) (1) (8)<br />
Total (10,226) (9,785) (10,226) (9,785)<br />
Income:<br />
Income from Government 5,867 5,817 5,867 5,817<br />
Interest 664 457 664 457<br />
Industry Contributions (sugar levies) 3,823 4,136 3,823 4,136<br />
Other 37 34 37 34<br />
Total 10,391 10,444 10,391 10,444<br />
Assets:<br />
Cash <strong>and</strong> cash equivalents 9,153 9,990 9,153 9,990<br />
Trade <strong>and</strong> other receivables 2,543 1,428 2,543 1,428<br />
L<strong>and</strong> <strong>and</strong> buildings 48 81 48 81<br />
Property, plant <strong>and</strong> equipment 12 16 12 16<br />
Other 20 1 20 1<br />
Total 11,776 11,516 11,776 11,516<br />
Liabilities:<br />
Suppliers (63) (36) (63) (36)<br />
Grant (47) (18) (47) (18)<br />
Other (91) (91) (91) (91)<br />
Employee provisions (302) (263) (302) (263)<br />
Total (503) (408) (503) (408)<br />
SRDC Annual Report 2010–2011 107
Change language