2023 annual report final WEB - Flipbook - Page 57
Christian Outreach Centre
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023
Note
2023
$'000
2022
$'000
ASSETS
CURRENT ASSETS
Cash and cash equivalents
8
14,611
14,048
Trade and other receivables
9
3,305
3,545
2,172
1,157
Prepayments
1,378
1,342
21,466
20,092
282,540
259,344
48
63
TOTAL NON-CURRENT ASSETS
282,588
259,407
TOTAL ASSETS
304,054
279,499
Inventories
TOTAL CURRENT ASSETS
NON-CURRENT ASSETS
Property, plant and equipment
10
Trade and other receivables
LIABILITIES
CURRENT LIABILITIES
Borrowings
11
5,997
6,095
Trade and other payables
12
22,865
17,573
1,549
1,648
10,745
9,249
282
329
41,438
34,894
Lease Liabilities
Provisions
13
Income in Advance
TOTAL CURRENT LIABILITIES
NON-CURRENT LIABILITIES
Borrowings
14
39,320
33,331
Provisions
15
2,009
1,904
5,178
3,409
TOTAL NON-CURRENT LIABILITIES
46,507
38,644
TOTAL LIABILITIES
87,945
73,538
216,109
205,961
79,433
76,926
Retained earnings
136,676
129,035
TOTAL FUNDS
216,109
205,961
Lease Liabilities
NET ASSETS
FUNDS
Reserves
The above consolidated statement of financial position should be read in conjunction with the accompanying notes
2024 INC Annual Report
57
