2017-12-12 S&O Agenda - Attachment 1 to Item 9 - Tourism Noosa Annual Report 2016-17

                                   TOURISM NOOSA LTD
                                   ABN: 45 097 924 199
                   STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2017

                                                             Note   2017        2016
                                                                      s           s
ASSETS
CURRENT ASSETS
Cash on hand                                                  4      790,228      889,468
Accounts receivable and other debtors                         5       44,043       43,201
 Pre-Paid Expenses                                                     6,055        2,000
Inventories on hand                                           6
TOTAL CURRENT ASSETS                                                 840,326      934,670

NON-CURRENT ASSETS
 Property, plant and equipment                                7       148,276       105,939
Intellectual Property                                                  42,110        42,110
Deposits -Rental Bond                                                   6,062         6,062
TOTAL NON-CURRENT ASSETS                                              196,448       154,112
TOTAL ASSETS                                                        1,036,774   , 1,088,782

LIABILITIES
CURRENT LIABILITIES
Accounts payable and other payables                           8      442,913      515,907
Sundry
 PAYG                                                         9       13,888        13,775
 Prov�ons -contingency                                        9
Employee provisions                                           9       81,766       69,448
TOTAL CURRENT LIABILITIES                                            538,567      599,130

NON-CURRENT LIABILITIES
Employee provisions                                           9       32,953       28,299
TOTAL NON-CURRENT LIABILITIES                                         32,953       28,299
TOTAL LIABILITIES                                                    571,520      627,429
NET ASSETS                                                           465,254      461,353


EQUITY
Retained surplus                                              10     465,254      461,353
TOTAL EQUITY                                                         465,254      461,353


The accompanying notes form part of these financial statements.