Surf Life Saving Queensland ABN 27 360 485 381
Notes to the financial statements (continued) For the year ended 31 May 2017
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Parent information
2017 $
2016 restated $
Statement of Financial Position ASSETS Current assets
13,212,309
14,013,569
Non-current assets
15,065,841
16,349,415
TOTAL ASSETS
28,278,150
30,362,984
3,905,783
4,098,979
622,075
475,244
4,527,858
4,574,223
Retained earnings
23,750,292
25,788,761
TOTAL ASSOCIATION’S FUNDS
23,750,292
25,788,761
Total surplus/(deficit)
(2,038,469)
(64,974)
Total comprehensive income/(loss)
(2,038,469)
(64,974)
LIABILITIES Current liabilities Non-current liabilities TOTAL LIABILITIES ASSOCIATION’S FUNDS
Statement of Profit or Loss and Other Comprehensive Income
Guarantees Surf Life Saving Queensland has not entered into any guarantees, in the current or previous financial years, in relation to the debts of its subsidiaries. Contingent liabilities Surf Life Saving Queensland had no contingent liabilities as at the reporting date which would have a material effect on the Association's financial statements as at 31 May 2017 (2016: $Nil). Contractual commitments At 31 May 2017, Surf Life Saving Queensland was committed to a total construction contract of $4,019,512 for the redevelopment of the Cairns Surf Life Saving Club. With claims to date of $1,836,116, they are responsible for a further $2,183,397 (2016: $nil) in capital commitments for plant and equipment in relation to the redevelopment of the Cairns Surf Life Saving Club.
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SLSQ ANNUAL REPORT
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