Page 28 - GDG Annual Report 2020

Balance Sheet / as at 30 June 2020

ASSETS 2020 2019

Current Assets
Cash and cash equivalents 6,453,604 5,800,131
Trade and other receivables 20,892 12,714
Total Current Assets 6,474,496 5,812,845
Non Current Assets
Property, plant and equipment 39,416 36,355
Total Non Current Assets 39,416 36,355
TOTAL ASSETS 6,513,912 5,849,200

LIABILITIES 2020 2019
Current Liabilities
Trade and other payables 22,221 23,717
Provisions 198,600 183,347
Total Current Liabilities 220,821 207,064
Non Current Liabilities
Provisions 18,457 6,261
Total Non Current Liabilities 18,457 6,261
TOTAL LIABILITIES 239,278 213,325
NET ASSETS 6,274,634 5,635,875
EQUITY
Reserves 5,635,875 4,952,557
Retained Earnings 638,759 683,318
TOTAL EQUITY 6,274,634 5,635,875

Statement Of Changes In Equity/

for the Year Ended 30 June 2020

Retained Earnings Reserves Other Total

Balance at 1 July 2019 (commencing balance) 0 5,635,875 0 5,635,875

Adjustments or changes in equity due to, for
0 0 0 0
example, adoptions of new accounting standards
Items of other comprehensive income 0 0 0 0
Excess of revenue over expenses 638,759 0 0 638,759
Other amounts transferred (to) or from reserves (638,759) 638,759 0 0

Balance at 30 June 2020 (year end balance) 0 6,274,634 0 6,274,634

28 Annual Report 2020 Global Development Group