BSBMGT517 Assessment

NATIONAL CAMPER TRAILERS - BALANCE SHEET

Balance Sheet 30-Jun-14 30-Jun-15

Current Assets

Cash $850,015 $650,578

Accounts Recieveable $802,846 $1,185,725

Provision for Doubtful Debts -$40,140 $762,706 -$39,620 $1,146,105

Spare parts $119,800 $98,002

Campers WIP $659,234 $990,528

Other Debtors $85,000 $78,520

Total Current Assets $2,476,755 $2,963,733

Non Current Assets

Expo Truck & Vehicles $200,000 $200,000

Less: Accumulated depreciation -$33,333 $166,667 -$58,333 $141,667 Manufacturing Equipment $850,000 $850,000

Less: Accumulated depreciation -$170,000 $680,000 -$255,000 $595,000

Land & Buildings at cost $2,900,000 $2,900,000

Less: Accumulated depreciation -$812,000 $2,088,000 -$928,000 $1,972,000

Total Non Current Assets $2,934,667 $2,708,667

Tortal Assets $5,411,422 $5,672,400

Current Liabilities

Accounts payable $285,000 $243,800

Accrued wages $95,000 $13,500

Accrued compensation $70,000 $70,000

Income taxes payable $123,216 $73,000

Payroll taxes payable $21,000 $21,000

Total Current Liabilities $594,216 $421,300

Long-Term Liabilities

Long-term loan payable $1,200,000 $1,200,000

Total Liabilities $1,794,216 $1,621,300

Stockholders' Equity

Share Capital $750,000 $750,000

Accumulated retained earnings $2,226,535 $2,867,206

Current net profit (loss) $640,671 $433,894

Less: Dividend $0 $0

Total Capital $3,617,206 $4,051,100

Total Liabillities & Equity $5,411,422 $5,672,400