KU Financial Report
Statement of Financial Position
as at 31 December 2016
Note 2016
$ 2015
$
21 (b) 38,770,776 31,169,874
22 15,000,000 16,000,000
Trade and other receivables 6 1,306,485 1,009,387
Other assets 7 907,457 1,025,478
55,984,718 49,204,739
Assets
Current assets
Cash and cash equivalents
Term deposits
Total current assets
Non-current assets
Property, plant and equipment 8 13,027,124 13,844,256
Intangible assets 9 892,798 836,777
Total non-current assets 13,919,922 14,681,033
Total assets 69,904,640 63,885,772
Liabilities
Current liabilities
Trade and other payables 10 12,791,896 15,240,534
Finance leases 11 535,252 636,153
Unearned income 12 12,534,747 10,379,055
Provisions 13 12,705,383 11,815,425
38,567,278 38,071,167
3,108,841 3,149,316
3,108,841 3,149,316
41,676,119 41,220,483
28,228,521 22,665,289
Total current liabilities
Non-current Liabilities
Non-current provisions
13
Total non-current liabilities
Total liabilities
Net Assets
Equity
Retained Earnings
General funds 14 25,898,504 20,396,125
Fundraising reserve 15 1,213,017 1,204,164
Program reserve 16 1,117,000 1,065,000
28,228,521 22,665,289
Total Retained Earnings
The Statement of Financial Position is to be read in conjunction with the notes.
121st Annual Report 2016