McConnell Dowell 2020 Annual Review

98 McConnell Dowell Group Notes to the annual financial statements (continued) for the year ended 30 June 2020 All figures are in A$ 000’s 2020 2019 24. Interests in subsidiaries (continued) Consolidated statement of financial position Current assets Cash & cash equivalents 66,700 33,205 Trade and other receivables 128,396 120,327 Total current assets 195,096 153,532 Non-current assets Property, plant and equipment 19,150 22,860 Right of use assets 12,480 - Trade and other receivables 3,024 8,567 Investments in subsidiaries 48,475 43,161 Deferred tax assets 39,559 41,889 Total non-current assets 122,688 116,477 Total assets 317,784 270,009 Current liabilities Trade and other payables 144,287 105,046 Interest bearing loans and borrowings 1,424 6,160 Lease liability 4,993 - Provisions 23,259 12,644 Total current liabilities 173,963 123,850 Non-current liabilities Trade and other payables 16,394 11,366 Lease liability 10,811 - Interest bearing loans and borrowings 386 873 Provisions 2,801 2,946 Total non-current liabilities 30,392 15,185 Total liabilities 204,355 139,035 Net assets 113,429 130,974 Equity Contributed equity 267,765 267,765 Reserves 9,010 9,010 Retained earnings (163,346) (145,801) Total equity 113,429 130,974 Closed Group Share Issue On 31 December 2018 Aveng Limited approved the recapitalisation of $10m of the non-interest bearing shareholder loan into ordinary share capital.