Page 69 - English
P. 69
STATEMENT OF FINANCIAL POSITION
Notes
2015 USD ‘000
2014 USD ‘000
ASSETS
Non-current assets
Furniture and equipment
4
311
319
Intangible assets
5
1,629
1,696
Total non-current assets
1,940
2,015
Current assets
Accounts receivable and prepayments
6
633
1,187
Cash and cash equivalents
7
26,144
25,593
Total current assets
26,777
26,780
TOTAL ASSETS
28,717
28,795
EQUITY AND LIABILITY
Equity
General reserve
8
18,043
18,043
Retained surplus
8
3,860
3,007
Total equity
21,903
21,050
Current liability
Accounts payable and accruals
9
6,814
7,745
Total current liability
6,814
7,745
TOTAL EQUITY AND LIABILITY
28,717
28,795
The financial statements of the Regulatory Authority for the year ended 31 December 2015 were approved by the following on behalf of the Board of Directors on 21 March 2016.
Michael Ryan
Chief Executive Officer
Otello Sturino
Managing Director – Corporate Services
The attached notes 1 to 16 form part of these financial statements.
67
