BUSHkids Annual Report 2019-20

TOPIC SECTION 63 ANNUAL REPORT 2019–2020 FINAN IALS STATEMENT OF FINANCIAL POSITION ROYAL QUEENSLAND BUSH CHILDREN'S HEALTH SCHEME ABN 43 824 927 762 STATEMENT OF FINANCIAL POSITION As at 30 June 2020 Note 2020 2019 $ $ CURRENT ASSETS Cash and cash equivalents 5 3,827,528 5,639,820 Trade and other receivables 6 174,063 419,074 Inventories 7 93,178 111,371 Financial assets 8 10,029,190 10,205,359 Other assets 9 192,854 65,272 TOTAL CURRENT ASSETS 14,316,813 16,440,896 NON-CURRENT ASSETS Property, plant and equipment 10 5,264,949 4,661,791 TOTAL NON-CURRENT ASSETS 5,264,949 4,661,791 TOTAL ASSETS 19,581,762 21,102,687 CURRENT LIABILITIES Trade and other payables 11 532,795 458,306 Contract liabilities 12 343,141 1,668,951 Provision for employee entitlements 13 441,404 358,669 Other liabilities 14 617,183 0 TOTAL CURRENT LIABILITIES 1,934,523 2,485,926 NON-CURRENT LIABILITIES Provision for employee entitlements 13 20,854 10,950 TOTAL NON-CURRENT LIABILITIES 20,854 10,950 TOTAL LIABILITIES 1,955,377 2,496,876 NET ASSETS 17,626,385 18,605,811 ACCUMULATED FUNDS Retained Surplus 17,188,298 16,815,043 Asset Revaluation Reserve 15 438,087 1,790,768 TOTAL ACCUMULATED FUNDS 17,626,385 18,605,811 The above statement of financial position should be read in conjunction with the accompanying notes.

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