Annual Report 2010–2011, Part 2: Financial (1.8 ... - Tourism Victoria
Annual Report 2010–2011, Part 2: Financial (1.8 ... - Tourism Victoria
Annual Report 2010–2011, Part 2: Financial (1.8 ... - Tourism Victoria
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BALANCE SHEET<br />
AS AT 30 JUNE 2011<br />
Assets<br />
<strong>Financial</strong> assets<br />
2011 2010<br />
Notes $ $<br />
Cash and deposits 15 27,527,636 13,790,872<br />
Receivables 4 1,454,147 10,693,575<br />
Forward Foreign Currency Exchange Contract 14(d) 1,313,299 3,725,724<br />
Investments 5 1 1<br />
Total financial assets 30,295,084 28,210,172<br />
Non-financial assets<br />
Non-financial physical asset classified as held for sale, including disposal group assets – 22,704<br />
Prepayments 34,448 10,377<br />
Property, plant and equipment 6 143,218 192,911<br />
Total non-financial assets 177,665 225,992<br />
Total assets 30,472,749 28,436,163<br />
Liabilities<br />
Borrowings 8 115,292 189,717<br />
Payables 7 7,073,517 6,773,958<br />
Forward Foreign Currency Exchange Contract 14(d) 1,313,299 3,725,724<br />
Provisions 9 2,646,726 2,507,073<br />
Total liabilities 11,148,835 13,196,473<br />
Net assets 19,323,914 15,239,690<br />
Equity<br />
Accumulated surplus/(deficit) 19,323,914 15,239,690<br />
Net worth 19,323,914 15,239,690<br />
Commitments for expenditure 12<br />
Contingent liabilities and contingent assets 13<br />
The above balance sheet should be read in conjunction with the accompanying notes.<br />
26 TOURISM VICTORIA ANNUAL REPORT 2010–11
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