ADAVB 2018/2019 Annual Report

2 8 | A D A V B A N N U A L R E P O R T 2 0 1 8 / 1 9 STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2019 The accompanying notes form part of these financial statements. Consolidated Note 2019 2018 $ $ ASSETS CURRENT ASSETS Cash and cash equivalents 7 3,600,272 3,869,137 Trade and other receivables 8 349,066 126,666 Other financial assets 9 765,000 1,060,000 Other current assets 58,191 56,242 TOTAL CURRENT ASSETS 4,772,529 5,112,045 NON-CURRENT ASSETS Financial assets 9 3,713,691 3,103,593 Property, plant and equipment 11 4,642,971 4,765,504 TOTAL NON-CURRENT ASSETS 8,356,662 7,869,097 TOTAL ASSETS 13,129,191 12,981,142 LIABILITIES CURRENT LIABILITIES Trade and other payables 12 3,122,608 3,245,892 Employee provisions 13 364,377 287,770 TOTAL CURRENT LIABILITIES 3,486,985 3,533,662 NON-CURRENT LIABILITIES Employee provisions 13 36,403 29,252 TOTAL NON-CURRENT LIABILITIES 36,403 29,252 TOTAL LIABILITIES 3,523,388 3,562,914 NET ASSETS 9,605,803 9,418,228 EQUITY Reserves 14 384,168 327,090 Retained earnings 9,221,635 9,091,138 TOTAL EQUITY 9,605,803 9,418,228