Annual Report 2017

Statement of financial position As at 31 December 2017

Notes

2017

2016

$

$

Assets Current Cash and cash equivalents Trade and other receivables

7 8

1,739,937

1,046,950

93,898

104,850

Financial assets Other assets Current assets

7.2

3,449,040

3,065,004

12

245,132

195,791

5,528,007

4,412,595

Non-current Investment property

9

184,710 169,970 64,128 418,808

194,390 221,757 54,791 470,938

Property, plant and equipment

10 11

Intangible asset

Non-current assets

Total assets

5,946,815

4,883,533

Liabilities Current Trade and other payables

13

692,168 337,758 11,796

376,652 287,015 29,408

Provisions

14.2

Income tax payable

4.9

Other liabilities Current liabilities

15

2,100,089 3,141,811

1,663,161 2,356,236

Non-current Provisions

14.2

34,541 34,541

15,701 15,701

Non-current liabilities

Total liabilities

3,176,352

2,371,937

Net assets

2,770,463

2,511,596

Equity Retained earnings

2,770,463 2,770,463

2,511,596 2,511,596

Total equity

This statement should be read in conjunction with the notes to the financial statements.

Statement of changes in equity For the year ended 31 December 2017

Notes

Retained earnings

Total equity

$

$

Balance at 1 January 2016

26

2,260,096

2,260,096

Surplus for the year

251,500

251,500

Other comprehensive income

-

-

Total comprehensive income for the year

251,500

251,500

Balance at 31 December 2016

2,511,596 2,511,596

2,511,596 2,511,596

Balance at 1 January 2017

Surplus for the year

258,867

258,867

Other comprehensive income

-

-

Total comprehensive income for the year

258,867

258,867

2,770,463

2,770,463

Balance at 31 December 2017

This statement should be read in conjunction with the notes to the financial statements.

18 2017 ANNUAL REPORT Speech Pathology Australia