BALANCE SHEET AS AT 30 JUNE 2017
2017
2016
Note
$’000
$’000
ASSETS
Current assets
Cash
6.2
1,111
1,136
Receivables
5.1
179,018
183,031
Other non-financial assets
5.2
4,163
4,449
Total current assets
184,292
188,616
Non-current assets
Infrastructure, property, plant and equipment
4.2
4,353,098
4,157,374
Intangible assets
4.3
184,149
190,020
Defined benefit superannuation asset
3.2.3.c
6,792
1,755
Receivables
5.1
2,170
1,372
Total non-current assets
4,546,209
4,350,521
Total assets
4,730,501
4,539,137
LIABILITIES
Current liabilities
Unearned income
5.4
24,555
21,191
Current tax payable
8.1
4,416
10,150
Provisions - employee benefits
3.2.2
16,314
15,926
Other provisions
5.5
2,289
1,080
Payables
5.3
107,745
90,190
Borrowings
6.1
266,317
230,806
Total current liabilities
421,636
369,343
Non-current liabilities
Provisions - employee benefits
3.2.2
1,752
2,109
Unearned income
5.4
7,617
7,986
Net deferred tax
8.1
678,436
663,784
Borrowings
6.1
1,996,900
1,940,100
Total non-current liabilities
2,684,705
2,613,979
Total liabilities
3,106,341
2,983,322
Net assets
1,624,160
1,555,815
EQUITY
Contributed equity
9.1
468,697
468,697
Retained earnings
9.2
269,848
230,171
Asset revaluation surplus
9.3
885,615
856,947
Total equity
1,624,160
1,555,815
The above Balance Sheet should be read in conjunction with the accompanying notes.
YARRA VALLEY WATER ANNUAL REPORT 2016-17
39