Report to the Community 2010 - Page 17

Statement of Financial Position as at 31 December 2010 2010 $ 2009 $ 789,286 598,212 90,000 123,488 1,600,986 471,419 422,746 90,000 211,969 1,196,134 175,849 66,614 242,463 208,365 133,152 341,517 1,843,449 1,537,651 CURRENT LIABILITIES Trade and other payables Other liabilities Short term provisions Total Current Liabilities 297,234 265,440 – 562,674 369,206 – 21,957 391,163 NON-CURRENT LIABILITIES Other payables Long-term provisions Total Non-Current Liabilities 30,932 169,868 200,800 43,686 141,955 185,641 TOTAL LIABILITIES 763,474 576,804 NET ASSETS 1,079,975 960,847 EQUITY Reserves Retained earnings TOTAL EQUITY 300,000 779,975 1,079,975 300,000 660,847 960,847 CURRENT ASSETS Cash and cash equivalents Trade and other receivables Financial asset Other assets Total Current Assets NON-CURRENT ASSETS Property, plant and equipment Other assets Total Non-Current Assets TOTAL ASSETS Page taken from the Audited Financial Report for the year ended 31 December 2010 Melbourne Festival – Annual Report 2010 Page 17