KU Annual Report KU Annual Report 2019 | Page 36

FINANCIALS 2019 Statement of Financial Position as at 31 December 2019 Assets Current assets Note 2019 2018 $ $ Cash and cash equivalents 21 (b) 51,218,845 54,665,881 Trade and other receivables 6 729,866 619,449 Other assets 7 1,932,051 993,258 Total current assets 53,880,762 56,278,588 Non-current assets Right-of-use assets 16 8,545,100 - Property, plant and equipment 8 29,155,278 19,792,523 Intangible assets 9 1,365,630 963,848 Total non-current assets 39,066,008 20,756,371 Total assets 92,946,770 77,034,959 KU 20 19 Liabilities Current liabilities Trade and other payables 10 16,627,684 10,550,606 Finance lease liabilities 11 (a) - 481,928 Lease liabilities 11 (b) 2,704,628 - Unearned income 12 8,908,875 10,061,880 Provisions 13 16,701,688 16,724,942 Total current liabilities 44,942,875 37,819,356 Total non-current liabilities Non-current provisions 13 3,490,164 2,390,123 Lease liabilities 11 (c) 6,888,968 - Total non-current liabilities 10,379,132 2,390,123 Total liabilities 55,322,007 40,209,479 Net Assets 37,624,763 36,825,480 Equity Retained Earnings General funds 14 36,527,597 35,697,199 Fundraising reserve 15 1,097,166 1,128,281 Total Retained Earnings 37,624,763 36,825,480 The Statement of Financial Position is to be read in conjunction with the notes. 10