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