Page 32 - GDG Annual Report 2021
P. 32
Annual Report 2021 32 Global Development Group
Balance Sheet / as at 30 June 2021
ASSETS 2021 2020
Current Assets
Cash and cash equivalents 8,452,995 6,453,604
Trade and other receivables 8,539 20,892
Total Current Assets 8,461,534 6,474,496
Non Current Assets
Property, plant and equipment 40,422 39,416
Total Non Current Assets 40,422 39,416
TOTAL ASSETS 8,501,956 6,513,912
LIABILITIES 2021 2020
Current Liabilities
Trade and other payables 31,952 22,221
Provisions 273,695 198,600
Total Current Liabilities 305,647 220,821
Non Current Liabilities
Provisions 16,098 18,457
Total Non Current Liabilities 16,098 18,457
TOTAL LIABILITIES 321,745 239,278
NET ASSETS 8,180,211 6,274,634
EQUITY
Reserves 6,274,634 5,635,875
Retained Earnings 1,905,577 638,759
TOTAL EQUITY 8,180,211 6,274,634
Statement Of Changes In Equity/
for the Year Ended 30 June 2021
Retained Earnings Reserves Other Total
Balance at 1 July 2020 (commencing balance) 0 6,274,634 0 6,274,634
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 1,905,577 0 0 1,905,577
Other amounts transferred (to) or from reserves (1,905,577) 1,905,577 0 0
Balance at 30 June 2021 (year end balance) 0 8,180,211 0 8,180,211