Australian Government: Grains Research and Development CororationGRDC Annual Report 2006-2007

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Balance sheet

for the year ended 30 June 2007

  Notes 2007 2006
    $'000 $'000
ASSETS
Financial assets
Cash and cash equivalents 6A 4,600 12,071
Receivables 6B 3,967 4,977
Investments 6C 86,146 100,872
Investments under s18 of the CAC Act 6D 83 -
Investments - other 6E 4,849 4,229
Total Financial Assets 99,645 122,149
Non-financial assets
Land and buildings 7A, D 5,750 4,590
Infrastructure, plant and equipment 7B, D 326 417
Intangibles 7C, D 305 505
Other non financial assets 7E - 72
Total Non-Financial Assets 6,381 5,584
TOTAL ASSETS 106,026 127,733
LIABILITIES
Provisions
Employee provisions 8A 804 660
Total provisions 804 660
Payables
Suppliers 9A 1,155 1,072
Research and development 9B 38,432 41,859
Contributions not yet utilised 9C 361 1,727
Total payables 39,948 44,658
TOTAL LIABILITIES 40,752 45,318
NET ASSETS 65,274 82,415
EQUITY
Retained surplus/(accumulated deficit) 7,504 957
Asset revaluation reserve 2,832 1,512
Capital commitment reserve 1,021 3,133
Contracted research reserve 53,917 76,813
TOTAL EQUITY 65,274 82,415
Current liabilities 38,092 43,523
Non-current liabilities 2,660 1,795
Current assets 94,713 117,992
Non-current assets 11,313 9,741
The Balance Sheet is to be read in conjunction with the notes to and forming part of the financial statements.

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