annual report 2011 - Blacktown RSL
annual report 2011 - Blacktown RSL
annual report 2011 - Blacktown RSL
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10 Property, Plant and Equipment (continued)<br />
The company’s core properties comprises of the land and buildings located at Second Avenue,<br />
<strong>Blacktown</strong> NSW 2148.<br />
There are no non-core properties held by the company.<br />
11 Trade and Other Payables<br />
Note <strong>2011</strong> 2010<br />
$ $<br />
Trade creditors 183,630 188,197<br />
Other creditors and accruals 357,129 357,076<br />
GST payable 174,180<br />
__________________<br />
176,207<br />
__________________<br />
12Financial Liabilities<br />
Current<br />
714,939 721,480<br />
__________________<br />
__________________<br />
Secured<br />
Commercial bill 926,664 926,664<br />
Hire purchase liabilities 16 200,000<br />
__________________<br />
208,434<br />
__________________<br />
Non-Current<br />
1,126,664 1,135,098<br />
__________________<br />
__________________<br />
Secured<br />
Commercial bill 3,011,679 3,338,343<br />
Hire purchase liabilities 16 362,347<br />
__________________<br />
562,909<br />
__________________<br />
3,374,026 3,901,252<br />
__________________<br />
__________________<br />
Financing Arrangements<br />
The company has access to the following lines of credit:<br />
Total facilities available:<br />
Business credit card facility 10,000 20,000<br />
Master lease / hire purchase agreement 1,000,000 1,000,000<br />
Commercial bill facility 3,938,343<br />
__________________<br />
4,865,010<br />
__________________<br />
4,948,343 5,885,010<br />
__________________<br />
__________________<br />
Facilities utilised at <strong>report</strong>ing date:<br />
Business credit card facility 881 1,288<br />
Master lease agreement 562,347 771,343<br />
Commercial bills facility 3,938,343<br />
__________________<br />
4,265,007<br />
__________________<br />
4,501,571 5,037,638<br />
__________________<br />
__________________<br />
Security<br />
The commercial bill was secured by a Registered Mortgage Debenture (fixed and floating charge)<br />
over the whole of the assets and undertakings of the company and the first Registered Mortgage over<br />
the property situated at Second Avenue, <strong>Blacktown</strong> being the property known as city of <strong>Blacktown</strong><br />
<strong>RSL</strong> Club Limited.<br />
The company purchased certain plant and equipment under hire purchase arrangements from the<br />
supplier, and this facility is secured against the assets purchased under this facility.<br />
30 BLACKTOWN <strong>RSL</strong> CLUB LIMITED - where friends love to meet
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