SURF LIFE SAVING AUSTRALIA ANNUAL REPORT 2007–08

BALANCE SHEETS
FOR THE YEAR ENDED 30 JUNE 2008
Current Assets
Note Consolidated Parent Entity
Cash and cash equivalents 22(a) 7,358,283 7,338,291 4,827,947 4,546,135
Trade and other receivables 5 1,987,587 1,693,992 1,376,393 947,476
Financial assets 6 8,345,225 6,271,501 5,368,344 6,271,501
Inventories 7 720,288 886,054 63,278 133,856
Total Current Assets 18,411,383 16,189,838 11,635,962 11,898,968
Non Current Assets
Financial assets 8 – – 200,104 200,104
Property, plant & equipment 9 13,982,049 15,763,726 2,404,494 2,558,445
Total Non Current Assets 13,982,049 15,763,726 2,604,598 2,758,549
Total Assets 32,393,432 31,953,564 14,240,560 14,657,517
Current Liabilities
Trade and other payables 10 8,377,477 8,926,840 7,397,377 7,910,219
Short term borrowings 11 – 668,726 – –
Short term provisions 12 409,815 524,428 152,390 106,401
Total Current Liabilities 8,787,292 10,119,994 7,549,767 8,016,620
Non Current Liabilities
Long term borrowings 11 – 321,615 – –
Long term provisions 12 46,106 128,057 21,234 12,592
Total Non Current Liabilities 46,106 449,672 21,234 12,592
Total Liabilities 8,833,398 10,569,666 7,571,001 8,029,212
Net Assets 23,560,034 21,383,898 6,669,559 6,628,305
Equity
Retained earnings 21,539,594 18,899,686 4,649,119 4,144,093
Special funds 15 2,020,440 2,484,212 2,020,440 2,484,212
Total Equity 23,560,034 21,383,898 6,669,559 6,628,305
The above Balance Sheets are to be read in conjunction with the attached notes.
SURF LIFE SAVING AUSTRALIA LIMITED AND ITS CONTROLLED ENTITIES—ACN 003 147 180
2008
$
2007
$
2008
$
SECTION 03—FINANCIAL STATEMENTS
2007
$
67