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WESTERN ROCK LOBSTER COUNCIL INC.STATEMENT OF FINANCIAL POSITIONAS AT 30 JUNE 20202020 RESERVESRetained earningsRESERVES2019 13 l, ,25 9, , 31 3Represented by:ASSETSCURRENT ASSETSANZ Cheque Account (Internal Funds)ANZ Online Saver (Internal Funds)ANZ FRDC Fund (External Funds)ANZ Business Online Saver (External Funds)ANZ WRLC 1916 (External Funds)Industry Fighting Fund SavingsIndustry Fighting Fund TransANZ Term Deposit #1 April 2020Trade Debtors - ExternalANZ Term Deposit #2 April 2020GST - InternalGST - ExternalTOTAL CURRENT 98,162{33,231}64,93198,162{16,943}81,219Plant & EquipmentLess: Accumulated Depreciation37,319{37,319}37,319{37,319}Motor VehiclesLess: Accumulated 14,529107,926114,5291,314,472107,9261,399,511NON CURRENT ASSETSFixed AssetsProperty ImprovementsLess: Accumulated DepreciationTotal Fixed AssetsTOTAL NON CURRENT ASSETSTOTAL ASSETS117,580
WESTERN ROCK LOBSTER COUNCIL INC.NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 30 JUNE 20202020 72019 IPA Project ExpensesProject - 12th ICWLProject - BursaryProjects - Understanding the markets for Western RockLobsterProject - Director Professional DevelopmentProject - 2014-406 RD&EProject - WA Institute Spiny Lobster Biz PlanProject - Understanding the Markets (Phase 3314,62020,13418,447184,61486,963ANZ Online Saver (Internal Funds)107,33559,68660,65583,332ANZ FRDC Fund (External Funds)I,114333,530608,237Cash and Cash EquivalentsANZ Cheque Account (Internal Funds)ANZ Business Online Saver (External Funds)ANZ WRLC 1916 (External Funds)940,0002,85610,8342,615Industry Fighting Fund Savings2323Industry Fighting Fund Trans1313ANZ Term Deposit #1 April 2020200,000ANZ Term Deposit #2 April 2020800,0001,181,8611,088,405GST- Internal8,3857,580GST- External9,697Trade and Other ReceivablesCurrentTrade Debtors - External195,60018,082These notes should be read in conjunction with the attached compilationreport ofGiglia & Associates.203,180
WESTERN ROCK LOBSTER COUNCIL INC.DIRECTOR'S DECLARATIONThe directors have determined that the council is not a reporting entity and that this special purpose financial reportshould be prepared in accordance with the accounting policies described in Note 2 to the financial statements.The director of the council declares that:1.The fmancial statements and notes present fairly the Council's financial position as at 30 June 2020 andits performance for the year ended on that date in accordance with the accounting policies described inNote 2 to the financial statements; and2.In the Director's opinion, there are reasonable grounds to believe that the council will be able to pay itsdebts as and when they become due and payable.This declaration is made in accordance with a resolution of the board and is signed for an on behalf.Western Rock Lobster Council Inc. ChairTerry Li iman vflLFinance and Audit Committee ChairFedele CamardaDated this day of 14 August 2020
ANZ Business Online Saver (External Funds) ANZ WRLC 1916 (External Funds) Industry Fighting Fund Savings Industry Fighting Fund Trans ANZ Term Deposit #1 April 2020 ANZ Term Deposit #2 April 2020 Trade and Other Receivables Current GST- Internal GST- External
