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2016 ANNUAL REPORT Speech Pathology Australia
19
Statement of financial position
As at 31 December 2016
Notes
2016
2015
$
$
Assets
Current
Cash and cash equivalents
6
4,111,954
4,130,105
Trade and other receivables
7
104,850
15,186
Income tax receivable
-
8,451
Other assets
10
195,578
195,315
Current assets
4,412,382
4,349,057
Non-current
Trade and other receivables
7
-
-
Investment property
8
316,348
316,348
Property, plant and equipment
9
334,465
330,144
Non-current assets
650,813
646,492
Total assets
5,063,195
4,995,549
Liabilities
Current
Trade and other payables
11
376,652
376,710
Provisions
12.2
287,015
319,492
Income tax
29,408
-
Other liabilities
13
1,663,161
1,865,109
Current liabilities
2,356,236
2,561,311
Non-current
Provisions
12.2
15,701
30,800
Non-current liabilities
15,701
30,800
Total liabilities
2,371,937
2,592,111
Net assets
2,691,258
2,403,438
Equity
Retained earnings
2,691,258
2,403,438
Total equity
2,691,258
2,403,438
This statement should be read in conjunction with the notes to the financial statements.
Statement of changes in equity
For the year ended 31 December 2016
Notes
Retained earnings
Total equity
$
$
Balance at 1 January 2015
2,427,860
2,427,860
Profit for the year
(24,422)
(24,422)
Other comprehensive income
-
-
Total comprehensive income for the year
2,403,438
2,403,438
Balance at 31 December 2015
2,403,438
2,403,438
Balance at 1 January 2016
2,403,438
2,403,438
Profit for the year
287,820
287,820
Other comprehensive income
-
-
Total comprehensive income for the year
287,820
287,820
Balance at 31 December 2016
2,691,258
2,691,258
This statement should be read in conjunction with the notes to the financial statements.