BALANCE SHEET

as at 31 May 2012

      2012 2011

 

Notes

 

$’000

$’000

ASSETS

Financial assets

    Cash

5a

 

34

258

    Trade and other receivables

5b

 

46,338

38,578

Total financial assets

 

 

46,372

38,836

Non-financial assets

    Leasehold improvements

6a,c

 

3,451

4,338

    Plant and equipment

6b,c

 

243

333

    Intangibles

6d,e

 

157

281

    Other non-financial assets

6f

 

635

409

Total non-financial assets

 

 

4,486

5,361

Total assets

 

 

50,858

44,197

 

LIABILITIES

Payables

    Suppliers

7a

 

(1,025)

(730)

    Other payables

7b

 

(2,616)

(4,304)

Total payables

 

 

(3,641)

(5,034)

Provisions

 

 

 

 

    Employee provisions

8

 

(4,294)

(2,844)

Total provisions

 

 

(4,294)

(2,844)

Total liabilities

 

 

(7,935)

(7,878)

Net assets

 

 

42,923

36,319

 

EQUITY

    Contributed equity

 

 

3,942

1,488

    Retained surplus

 

 

38,981

34,831

Total equity

 

 

42,923

36,319

The above statement should be read in conjunction with the accompanying notes.