AnnuAl REPORT 10/11 - Grow Wellington
AnnuAl REPORT 10/11 - Grow Wellington
AnnuAl REPORT 10/11 - Grow Wellington
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<strong>Grow</strong> <strong>Wellington</strong> limited<br />
statement of Financial Position<br />
as at 30 June 20<strong>11</strong><br />
PARENT GROUP<br />
nOtes 20<strong>11</strong> 20<strong>10</strong> 20<strong>11</strong> 20<strong>11</strong><br />
$ $ $ $<br />
Actual Actual Actual Budget<br />
ASSETS<br />
Current<br />
Cash and Cash Equivalents 9 223,742 224,732 333,123 220,000<br />
Trade and Other Receivables <strong>11</strong> 222,8<strong>11</strong> 178,798 241,330 180,000<br />
Prepayments 3,012 - 4,013 -<br />
Intercompany Balance 23 58,881 - - -<br />
Grant Income Receivable 6 29,130 152,189 29,130 140,000<br />
Total Current Assets 537,576 555,719 607,596 540,000<br />
non-Current<br />
Property, Plant & Equipment 24 122,937 125,7<strong>11</strong> 122,937 150,000<br />
Intangible Assets 25 16,2<strong>10</strong> 8,412 16,2<strong>10</strong> 16,000<br />
Total Non-Current Assets 139,147 134,123 139,147 166,000<br />
TOTAL ASSETS 676,723 689,842 746,743 706,000<br />
LIABILITIES<br />
Current<br />
Trade and Other Payables 12 272,289 278,<strong>10</strong>8 340,790 294,000<br />
GST Payment Due 81,962 31,309 72,815 33,000<br />
Creative HQ Incubatee Bonds - 8,444 <strong>10</strong>,666 <strong>10</strong>,000<br />
Employee Entitlements 13 190,266 197,254 190,266 225,000<br />
EWI (Inc) Trust Funds 18 75,228 86,999 75,228 67,000<br />
Revenue in Advance 17 - 30,750 - 20,000<br />
Total Current Liabilities 619,745 632,864 689,765 649,000<br />
TOTAL LIABILITIES 619,745 632,864 689,765 649,000<br />
NET ASSETS 56,978 56,978 56,978 57,000<br />
eQuity<br />
Retained Earnings 56,978 56,978 56,978 57,000<br />
Share Capital - - - -<br />
TOTAL EQUITY 56,978 56,978 56,978 57,000<br />
Major Variances to Budget<br />
Cash and Cash Equivalents are higher than expected as most of Grant Income allocated for the current financial year has been drawn down.<br />
This has also lead to Grant Income receivable being less that expected<br />
The accompanying notes form an integral part of the Financial Statements<br />
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