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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 |
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Total assets |
|
50,858 |
44,197 |
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LIABILITIES |
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Payables |
||||
|
Suppliers |
7a |
(1,025) |
(730) |
|
|
Other payables |
7b |
(2,616) |
(4,304) |
|
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Total payables |
|
(3,641) |
(5,034) |
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Provisions |
|
|
|
|
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Employee provisions |
8 |
(4,294) |
(2,844) |
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Total provisions |
|
(4,294) |
(2,844) |
|
|
Total liabilities |
|
(7,935) |
(7,878) |
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|
Net assets |
|
42,923 |
36,319 |
|
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EQUITY |
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|
Contributed equity |
|
3,942 |
1,488 |
|
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Retained surplus |
|
38,981 |
34,831 |
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Total equity |
|
42,923 |
36,319 |
|
The above statement should be read in conjunction with the accompanying notes.