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Annual Report
2014–2015
Little Ship Club
(Queensland Squadron)
Little Ship Club Queensland Squadron
Statement of Financial Position as at 30 June 2015
Note
2015
2014
$
$
Assets
Current Assets
Cash assets
3
256,759
192,618
Receivables
51,533
1,910
Inventories
4
41,795
49,378
Other
15,096
12,381
Total Current Assets
3
65,183
256,287
Non-Current Assets
Property, plant and equipment
5
2,127,102
779,292
Total Non-Current Assets
2,127,102
779,292
Total Assets
2,492,285
1,035,579
Liabilities
Current Liabilities
Payables
19,954
10,359
Funded premium
12,935
Current tax liabilities
1
9,704
9,919
Super Liability
5,735
11,788
Total Current Liabilities
5
8,328
32,066
Non-Current Liabilities
Security Token Deposits
21,612
17,887
Total Non-Current Liabilities
21,612
17,887
Total Liabilities
7
9,940
49,953
Net Assets
2,412,345
985,626
Equity
Reserves
2,
804,168
1,395,609
Retained profits / (Accumulated losses)
(
391,823
)
(409,983)
Total Equity
2,412,345
985,626
The accompanying notes form part of these financial statements.
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