2021-02-09 S&O Agenda - Item 11 - Attachment 1 - Tourism Noosa Annual Report 2019-20

                                        TOURISM NOOSA LTD
                                         ABN: 45 097 924 199
                         STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2020

                                                            Note   2020        2019
                                                                     $           $
ASSETS
CURRENT ASSETS
Cash on hand                                                  4    149,878     710,328
Accounts receivable and other debtors                         5     94,004     203,171
Pre-Paid Expenses                                                    5,582      45,353
Refundable Bond                                                         -        8,698
Inventories on hand                                           6     54,245      13,877
TOTAL CURRENT ASSETS                                               303,709     981,426

NON-CURRENT ASSETS
Property, plant and equipment                                 7    350,060      212,561
Intellectual Property                                               42,110       42,110
Deposits - Rental Bond                                               6,062        6,062
TOTAL NON-CURRENT ASSETS                                           398,232      260,733
TOTAL ASSETS                                                       701,942    1,242,159

LIABILITIES
CURRENT LIABILITIES
Accounts payable and other payables                           8     66,576     345,133
Sundry                                                              (2,568)      2,764
Noosa Food and Wine Control Account                                     -       (4,520)
Grant Unexpended                                                    43,986         -
PAYG                                                          9     45,286      70,880
Employee provisions                                           9     85,718      85,078
TOTAL CURRENT LIABILITIES                                          238,998     499,335

NON-CURRENT LIABILITIES
Employee provisions                                           9     18,180      19,017
TOTAL NON-CURRENT LIABILITIES                                       18,180      19,017
TOTAL LIABILITIES                                                  257,178     518,351
NET ASSETS                                                         444,765     723,808


EQUITY
Retained surplus                                                   444,765     723,808
TOTAL EQUITY                                                       444,765     723,808


The accompanying notes form part of these financial statements.