ARA US Hospitality Trust - Annual Report 2021

182 Note 2021 US$ 2020 US$ Assets Deferred tax assets 4 15,463 10,700 Total non-current assets 15,463 10,700 Financial assets 5 28 83,681 Trade and other receivables 6 451,011 232,452 Cash and cash equivalents 284,700 475,955 Current tax recoverable 9,921 – Total current assets 745,660 792,088 Total assets 761,123 802,788 Equity Share capital 7 50,000 50,000 Retained earnings 636,319 712,526 Total equity 686,319 762,526 Liabilities Trade and other payables 8 74,804 9,265 Current tax payable – 30,997 Total current liabilities 74,804 40,262 Total liabilities 74,804 40,262 Total equity and liabilities 761,123 802,788 STATEMENT OF FINANCIAL POSITION As at 31 December 2021 ARA BUSINESS TRUST MANAGEMENT (USH) PTE. LTD. The accompanying notes form an integral part of these financial statements.