6/1/2019 MYOB / Excel 10:57 PM

Sonia
4/39 ROSSMOYNE STREET, THORNBURY, VIC 3071

Balance Sheet
As of July 2018

Assets
Current Assets
Cash On Hand
Cheque Account $956,083.53
Payroll Cheque Account $2,000.00
Cash Drawer $500.00
Petty Cash $400.00
Total Cash On Hand $958,983.53
Trade Debtors $50,000.00
Less Prov'n for Doubtful Debts ($5,000.00)
Inventories
Inventory, Food $20,000.00
Inventory, Beverages $25,000.00
Inventory, Supplies $15,000.00
Total Inventories $60,000.00
Prepaid Insurance $5,000.00
Total Current Assets $1,068,983.53
Fixed Assets
Land $800,220.00
Buildings and Improvements
Bldgs & Imprvmnts at Cost $400,000.00
Bldgs & Imprvmnts Accum Dep ($8,000.00)
Total Buildings and Improvements $392,000.00
Furniture and Fixtures
Furniture & Fixtures at Cost $80,000.00
Furniture & Fixtures Accum Dep ($8,000.00)
Total Furniture and Fixtures $72,000.00
China, Glass, Silver & Linen
China, Etc. at Cost $30,000.00
China, Etc. Accum Dep ($3,000.00)
Total China, Glass, Silver & Linen $27,000.00
Non-Current Deferred Taxes-F&F $3,088.00
Total Fixed Assets $1,294,308.00
Current Deferred Taxes- F&F $1,588.00
Total Assets $2,364,879.53

Liabilities
Current Liabilities
Trade Creditors $30,000.00
GST Liabilities
GST Collected $1,932.36
GST Paid ($2,983.56)
Total GST Liabilities ($1,051.20)

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Payroll Liabilities
Payroll Accruals Payable $15,521.00
PAYG Withholding Payable $5,000.00
Total Payroll Liabilities $20,521.00
Customer Deposits $4,000.00
Total Current Liabilities $53,469.80
Long Term Liabilities
Bank Loans $500,440.00
Total Long Term Liabilities $500,440.00
Total Liabilities $553,909.80

Net Assets $1,810,969.73

Equity
Owner/Sharehldr Equity
Owner/Sharehldr Capital $1,299,560.00
Total Owner/Sharehldr Equity $1,299,560.00
Current Year Earnings $11,833.73
Historical Balancing $499,576.00
Total Equity $1,810,969.73

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