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
   27   28   29   30   31   32   33   34   35   36