2018-12-11 S&O Agenda - Attachment 1 to Item 20 - Tourism Noosa Annual Report 2017-2018

TOURISM NOOSA LTD
                                              ABN: 45 097 924 199
                           STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2018

                                                              Note                      2018           2017
                                                                                          $              $
ASSETS
CURRENT ASSETS
Cash on hand                                                   4                         849,978        790,228
Accounts receivable and other debtors                          5                           97,49]        44,043
Pre-Paid Expenses                                                                          16,863         6,055
Refundable Bond                                                                             3)950           -
Inventories on hand                                            6                              -             -
TOTAL CURRENT ASSETS                                                                      968,282       840,326

NON-CURRENT ASSETS
Property, plant and equipment                                  7                          184,444       148,276
Intellectual Property                                                                      42,110        42,110
Deposits - Rental Bond                                                                      6,062         6,062
TOTAL NON-CURRENT ASSETS                                                                 232,616        196,448
TOTAL ASSETS                                                                            1,200,898      1,036,774
LIABILITIES
CURRENT LIABILITIES
Accounts payable and other payables                            8                         391,059        442,913
Sundry                                                                                        -             -
Noosa Food and Wine Control Account                                                          (718)          -
Returned Funds to be Paid                                                                  10,201           -
Payments in Advance                                                                         6,250           -
PAYG                                                           9                           36,886        13,888
Provisions - contingency                                       9                              -             -
Employee provisions                                            9                          101,469        81,766
TOTAL CURRENT LIABILITIES                                                                 545,147       538,567

NON-CURRENT LIABILITIES
Employee provisions                                            9                           21,022        32,953
TOTAL NON-CURRENT LIABILITIES                                                              21,022        32,953
TOTAL LIABILITIES                                                                         566,169       571,520
NET ASSETS                                                                                634,729       465,254

EQUITY
Retained surplus                                                                          634,729       465,254
TOTAL EQUITY                                                                              634,729       465,254

The accompanying notes form part of these financial statements.