Australian Government: Grains Research and Development CororationGRDC Annual Report 2005-2006

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Balance sheet

for the year ended 30 June 2006

Notes 2006 2005
$'000 $'000
ASSETS
Financial assets
Cash and cash equivalents 7A 12,071 10,168
Receivables 7B 4,977 3,372
Investments under s18 of the CAC Act 7C 100,872 113,527
Investments - other 7D 4,229 3,264
Total Financial Assets 122,149 130,331
Non-financial assets
Land and buildings 8A, D 4,590 4,750
Infrastructure, plant and equipment 8B, D 417 467
Intangibles 8C, D 505 96
Other non financial assets 8E 72 27
Total Non-Financial Assets 5,584 5,340
TOTAL ASSETS 127,733 135,671
LIABILITIES
Provisions
Employee provisions 9A 660 644
Total provisions 660 644
Payables
Suppliers 10A 1,072 793
Research and development 10B 41,859 39,538
Contributions not yet utilised 10C 1,727 697
Total payables 44,658 41,028
TOTAL LIABILITIES 45,318 41,672
NET ASSETS 82,415 93,999
EQUITY
Accumulated surplus 957 12,158
Asset revaluation reserve 1,512 1,512
Capital commitment reserve 3,133 6,266
Contracted research reserve 76,813 74,063
TOTAL EQUITY 82,415 93,999
Current liabilities 43,476 40,454
Non-current liabilities 1,842 1,218
Current assets 117,992 127,093
Non-current assets 9,741 8,578
The Balance Sheet is to be read in conjunction with the notes to and forming part of the financial statements.

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