GOLF CLUB • KEW
Statement of Financial Position
As at 31 March 2014
NOTE
31 March
31 July
2014
2013
$
$
Current Assets
Cash at Bank and on Hand
6
1,341,743
328,698
Short Term Investments
7
300,000
Stocks on Hand
8
112,229
176,004
Trade and Other Receivables
9
242,760
196,415
Prepayments
10
21,689
38,901
2,018,421
740,018
Non-Current Assets
Property, Plant and Equipment
11
10,757,384
11,065,122
Intangible Assets
12
120,000
120,000
10,877,384
11,185,122
TOTAL ASSETS
12,895,805
Current Liabilities
Trade and Other Payables
13
473,150
Deferred Income
14
1,858,302
Provisions
15
160,470
Amounts in Trust
16
211,763
Westpac Borrowings
20
-
2,703,685
Non-Current Liabilities
Member Debentures
20
1,000,000
Provisions
15
55,873
1,055,873
TOTAL LIABILITIES
3,759,558
11,925,140
340,002
1,495,838
129,897
175,266
2,141,003
1,000,000
40,066
1,040,066
3,181,069
NET ASSETS
9,136,247
8,744,071
MEMBER FUNDS
9,136,247
8,744,071
This statement should be read in conjunction with the notes to the accounts
23