2019-12-10 S&O Agenda - Item 7 - Attachment 1 - TN Annual Report-2018-19

4

TOURISM NOOSA LTD
                                             ABN: 45 097 924 199
                           STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2019

                                                             Note        2019                         2018
                                                                           $                            $
ASSETS
CURRENT ASSETS
Cash on hand                                                   4          710,328                      849,978
Accounts receivable and other debtors                          5          203,171                      175,901
Pre-Paid Expenses                                                          45,352                        16,863
Refundable Bond                                                             8,698                        3,950
Inventories on hand                                            6            13,877                         -
TOTAL CURRENT ASSETS                                                      981,426                     1,046,692

NON-CURRENT ASSETS
Property, plant and equipment                                  7          212,561                       184,444
Intellectual Property                                                      42,110                       42,110
Deposits - Rental Bond                                                       6,062                        6,062
TOTAL NON-CURRENT ASSETS                                                  260,733                      232,616
TOTAL ASSETS                                                             1,242,159                    1,279,308

LIABILITIES
CURRENT LIABILITIES
Accounts payable and other payables                            8          345,133                      469,469
Sundry                                                                       2,764                          -
Noosa Food and Wine Conirol Account                                         (4,520)                        (718)
Returned Funds to be Paid                                                      -                         10,201
Payments in Advance                                                            -                          6,250
PAYG                                                           9            70,880                       36,886
Provisions - contingency                                       9               -                            -
Employee provisions                                            9            85,078                      101,469
TOTAL CURRENT LIABILITIES                                                 499,335                       623,557

NON-CURRENT LIABILITIES
Employee provisions                                            9            19,017                       21,022
TOTAL NON-CURRENT LIABILITIES                                               19,017                       21,022
TOTAL LIABILITIES                                                         518,351                       644,579
NET ASSETS                                                                 723,808                      634,729

EQUITY
Retained surplus                                                           723,808                      634,729
TOTAL EQUITY                                                               723,808                      634,729

The accompanying notes form part of these financial statements.