18  Annual Report Statement of financial position as at 30 June 2008 2008 2008 2007 a  ctual Budget a  ctual n  ote $ $ $ a  ssets Current assets Cash and cash equivalents 7 887,056 923,000 400,699 Debtors and other receivables 8 52,924 3,000 189,011 Prepayments 43,862 33,000 52,281 Investments 16 200,000 0 1,150,000 Non-current assets held for sale 9 0 0 11,900 Total current assets 1,183,842 959,000 1,803,891 n  on-current assets Property, plant and equipment 10 1,129,687 1,087,000 1,156,142 Intangible assets 11 19,431 81,000 35,769 Total non-current assets 1,149,118 1,168,000 1,191,911 Total assets 2,332,960 2,127,000 2,995,802 Liabilities Current liabilities Creditors and other payables 12 296,258 180,000 589,395 Borrowings 15 0 19,000 7,105 Employee entitlements 13 143,046 40,000 207,130 Total liabilities 439,304 239,000 803,630 n  et a  ssets 1,893,656 1,888,000 2,192,172 e  quity General funds 14 1,616,982 1,480,000 1,903,598 Revaluation reserves 14 276,674 408,000 288,574 Total equity 1,893,656 1,888,000 2,192,172