McConnell Dowell 2019 Annual Review

92 McConnell Dowell Group Notes to the annual financial statements (continued) for the year ended 30 June 2019 Closed Group All figures are in A$ 000’s 2019 2018 26. Interests in subsidiaries (continued) Consolidated statement of financial position as at 30 June 2019 Current assets Cash & cash equivalents 33,205 64,375 Trade and other receivables 120,327 187,247 Inventories - 76 Total current assets 153,532 251,698 Non-current assets Property, plant and equipment 22,860 17,747 Trade and other receivables 10,812 20,034 Investments in subsidiaries 43,161 37,524 Deferred tax assets 41,889 41,754 Total non-current assets 118,723 117,059 Total assets 272,254 368,757 Current liabilities Trade and other payables 105,046 181,766 Interest bearing loans and borrowings 6,160 6,954 Non interest bearing loans and borrowings - shareholder loan* - 10,000 Provisions 12,644 20,287 Total current liabilities 123,850 219,007 Non-current liabilities Trade and other payables 11,366 8,005 Interest bearing loans and borrowings 874 1,468 Provisions 2,946 3,649 Total non-current liabilities 15,186 13,122 Total liabilities 139,035 232,129 Net assets 133,219 136,628 Equity Contributed equity 267,765 257,765 Reserves 9,010 9,010 Retained earnings (143,556) (130,147) Total equity 133,219 136,628 Share Issue On 31st December 2018 Aveng Limited approved the recapitalisation of $10m of the non-interest bearing shareholder loan into ordinary share capital. Financial Statements 2019