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AHT231 - Agricultural Finance and Business Management
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Assignment Task
Australian Agriculture Enterprises' Smith Family (Case 4)
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Statement of Financial Position (Balance Sheet) |
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For: Australian Agricultural Enterprises' (Smith Family) Case 4 |
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As of 31st December 2022 |
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Assets |
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$ |
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Current Assets |
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Cash and Cash Equivalents |
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94,406 |
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Accounts Receivable: |
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Western Wool Buyers (Wool) |
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6,190 |
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Escort Grains (Canola) |
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282,100 |
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Graincorp (Wheat) |
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44,860 |
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Fixed Term Deposit Investment: |
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30,000 |
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Total Current Assets |
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457,556 |
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Non-Current Assets |
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Land |
$3,300/Ha |
7,591,500 |
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Plant & Machinery |
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312,425 |
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Structures |
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395,062 |
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Fixed Term Deposit |
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30,000 |
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Cattle |
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248,900 |
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Sheep |
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305,950 |
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Total Non-Current Assets |
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8,883,837 |
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A |
Total Assets |
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9,341,393 |
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Liabilities |
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$ |
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Current Liabilities |
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Accounts Payable (Creditors): |
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Orange Rural |
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41,212 |
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Total Current Liabilities |
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41,212 |
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Non-Current Liabilities |
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Property Development Loan (e.g.,loan for property) |
875,000 |
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Total Non-Current Liabilities |
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875,000 |
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L |
Total Liabilities |
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916,212 |
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A-L |
Net Assets |
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8,425,181 |
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Equity |
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A-L |
Owners Equity |
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8,425,181 |
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% Equity |
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90.2% |
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Statement of Financial Position (Balance Sheet) |
||
|
|
For: Australian Agricultural Enterprises' (Smith Family) Case 4 |
||
|
|
As of 31st December 2022 |
||
|
|
|
|
|
|
|
Assets |
|
$ |
|
|
Current Assets |
|
|
|
|
Cash and Cash Equivalents |
|
94,406 |
|
|
|
|
|
|
|
Accounts Receivable: |
|
|
|
|
Western Wool Buyers (Wool) |
|
6,190 |
|
|
Escort Grains (Canola) |
|
282,100 |
|
|
Graincorp (Wheat) |
|
44,860 |
|
|
|
|
|
|
|
Fixed Term Deposit Investment: |
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30,000 |
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|
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Total Current Assets |
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457,556 |
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Non-Current Assets |
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|
|
|
Land |
$3,300/Ha |
7,591,500 |
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|
Plant & Machinery |
|
312,425 |
|
|
Structures |
|
395,062 |
|
|
Fixed Term Deposit |
|
30,000 |
|
|
|
|
|
|
|
Cattle |
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248,900 |
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|
Sheep |
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305,950 |
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|
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Total Non-Current Assets |
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8,883,837 |
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A |
Total Assets |
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9,341,393 |
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Liabilities |
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$ |
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Current Liabilities |
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Accounts Payable (Creditors): |
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Orange Rural |
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41,212 |
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Total Current Liabilities |
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41,212 |
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Non-Current Liabilities |
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Property Development Loan (e.g.,loan for property) |
875,000 |
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Total Non-Current Liabilities |
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875,000 |
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L |
Total Liabilities |
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916,212 |
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A-L |
Net Assets |
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8,425,181 |
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Equity |
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A-L |
Owners Equity |
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8,425,181 |
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% Equity |
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90.2% |
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