PIPSO 2009 Annual Report
7 PACIFIC ISLANDS BALANCE SHEET PRIVATE SECTOR ORGANISATION FOR THE YEAR ENDED 31 DECEMBER 2009
BALANCE SHEET 31 DECEMBER 2009 2009 $
Notes Current Assets Cash on hand and in bank Receivables Refundable deposits Non-Current Assets Property, plant and equipment
4 5
6
TOTAL ASSETS Current Liabilities Payables and accruals
7
TOTAL LIABLITIES NET ASSETS EQUITY Retained earnings Donor grant reserve
12
2008 $
72,083 1,479 1,186
107,681 6,778 -
74,748
114,459
6,686
-
81,434
114,459
29,368
3,664
29,368
3,664
52,066 ===========
110,795 =========
42,023 10,043
99,652 11,143
$ 52,066 ===========
$ 110,795 =========
The balance sheet is to be read in conjunction with the notes to and forming part of the financial statements set out on pages 10 to 15. These financial statements are approved in accordance with a resolution of the Board of Directors. For and on behalf of the Board
DIRECTOR
DIRECTOR
25
7