AUSTRALIAN ACCESS FEDERATION INCORPORATED ABN 13 155 355 685 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2016 2016 $ 2015 $ ASSETS Current Assets Bank - Operating a/c 75,976 39,155 Bank – Online Saver a/c 1,602,107 1,164,514 Bank – US $ a/c 159,322 82,400 Membership Debtors 1,084,186 939,547 Sundry Debtors 29,353 39,940 Total Current Assets 2,950,944 2,265,556 Non-Current Assets Equipment at wdv 32,340 27,146 Total Non-Current Assets 32,340 27,146 TOTAL ASSETS 2,983,284 2,292,702 LIABILITIES & EQUITY Current Liabilities Payables & Accrued Expenses 263,404 160,109 GST liability 121,507 136,630 Prepaid Income – AAF 1,034,811 920,234 Prepaid Income – ORCID 486,916 404,180 Project Income in Advance 321,725 52,872 Employee leave entitlements 192,670 110,077 Total Current Liabilities 2,421,033 1,784,102 Non-Current Liabilities Employee leave entitlements 41,980 22,532 Total Non-Current Liabilities 41,980 22,532 TOTAL LIABILITIES 2,463,013 1,806,634 NET ASSETS 520,271 486,068 MEMBERS FUNDS Retained Surplus 520,271 486,068 TOTAL MEMBERS FUNDS 520,271 486,068 This statement of financial position should be read in conjunction with the accompanying notes to the accounts. - 4 - Income Statements · This statement of financial position should be read in conjunction with the accompanying notes to the accounts 25