Statement of Financial Position Dai-- Cucina a Isola Hotel Statement of Financial Position as at 30 June 2017/2018 2016/17 2015/16 Assets Current Assets Cash on Hand 50,000 55,000 Cheque Account 144,842 160,314 Deposits Paid 950,000 950,000 Trade Debtors 850,000 975,000 Merchandise Inventory 1,530,000 1,430,000 Total Current Assets Fixed Assets Motor Vehicles at Cost 500,000 500,000 Motor Vehicles Accum Dep (100,000) (125,000) Furniture & Fixtures at Cost 1,950,000 2,250,000 Furniture & Fixtures Accum Dep (650,000) (770,000) Office Equip at Cost 400,000 400,000 Office Equip Accum Dep (90,000) (115,000) Total Fixed Assets 2,010,000 2,140,000 Total Assets 5,534,842 5,710,314 blities Assessment Resource BSBFIM501 Current Liabilities MasterCard 17,800 14,860 Trade Creditors 780,000 679,000 GST Collected 1,455,010 1,571,411 GST Paid (943,125) (987,626) Superannuation Payable 100,000 120,000 Luxury Car Tax Payable 20,920 income Tax Payable 364,795 436,928 PAYG Withholding Payable 65,000 44,872 Total Current Liabilities 1,860,400 1,879,445 Long-Term Liabilities Bank Loans 1,608,459 1,508,459 Total Liabilities 3,463,859 3,287,904 Equity 500,000 500,000 Owner/Shareholder's Equity Retained Earnings 850,000 1,565,982 Dividends Paid (500,000) (1,200,000) Current Year Earnings 1,215,982 1,456,428 Total Equity 2,065,982 2,322,410 BSSFIM501 Student Assessment Pack V 1.1 Pago24 of 60 Assessment Tool - Student Copy CRICOS No. 036648 RTO No. 45316 Statement of Financial Position Dai-- Cucina a Isola Hotel Statement of Financial Position as at 30 June 2017/2018 2016/17 2015/16 Assets Current Assets Cash on Hand 50,000 55,000 Cheque Account 144,842 160,314 Deposits Paid 950,000 950,000 Trade Debtors 850,000 975,000 Merchandise Inventory 1,530,000 1,430,000 Total Current Assets Fixed Assets Motor Vehicles at Cost 500,000 500,000 Motor Vehicles Accum Dep (100,000) (125,000) Furniture & Fixtures at Cost 1,950,000 2,250,000 Furniture & Fixtures Accum Dep (650,000) (770,000) Office Equip at Cost 400,000 400,000 Office Equip Accum Dep (90,000) (115,000) Total Fixed Assets 2,010,000 2,140,000 Total Assets 5,534,842 5,710,314 blities Assessment Resource BSBFIM501 Current Liabilities MasterCard 17,800 14,860 Trade Creditors 780,000 679,000 GST Collected 1,455,010 1,571,411 GST Paid (943,125) (987,626) Superannuation Payable 100,000 120,000 Luxury Car Tax Payable 20,920 income Tax Payable 364,795 436,928 PAYG Withholding Payable 65,000 44,872 Total Current Liabilities 1,860,400 1,879,445 Long-Term Liabilities Bank Loans 1,608,459 1,508,459 Total Liabilities 3,463,859 3,287,904 Equity 500,000 500,000 Owner/Shareholder's Equity Retained Earnings 850,000 1,565,982 Dividends Paid (500,000) (1,200,000) Current Year Earnings 1,215,982 1,456,428 Total Equity 2,065,982 2,322,410 BSSFIM501 Student Assessment Pack V 1.1 Pago24 of 60 Assessment Tool - Student Copy CRICOS No. 036648 RTO No. 45316
