Balance Sheet Detailed Assessment Balance Sheet Note to the user This assessment is intended to assist existing and prospective Trustees/Directors/Estate Management/Office bearers/Third Party Managers of Body Corporates/Home Owners Associations/Retirement Villages or Shareblock Schemes (Community Schemes) to identify the existing level of governance, areas of weakness/vulnerability and the risks in these bodies and to offer advice on how to better manage these risks and improve overall governance. This assessment will also assist in helping Trustees/Directors/Estate Management/Office bearers/Third Party Managers in carrying out their fiduciary roles and responsibilities. Balance Sheet Body Corporate/Complex/Property Name/Home Owners Association Name of Responsible Party/Trustee/Director/Estate Manager: How comfortable is the Community Scheme with the overall level of credit and/or debt it enjoys? * Very comfortable - credit and/or debt is well managed/minimal/comfortably paid/serviced and always repaid on time/creditors paid immediately. Quite comfortable. We manage our balance sheet carefully, and are very aware of the need to have adequate liquidity and are generally confident that our credit/debt levels don't create any solvency issues. Fairly comfortable. We generally manage our credit/debt fairly well, but have at times felt a little under pressure (a little over indebted) Not very comfortable. While we monitor our credit/debt position, there are times when we feel pressure to pay creditors/service debt and/ or fear being unable to repay debt maturities. Very uncomfortable and vulnerable. It is very likely that we are not going to be able to repay our credit/debt. Not at all - we have lost total control of our creditors/debt levels. Have loans or debt where availed of, always been serviced and/or repaid on time and as per loan terms? * Yes, consistently. Yes, with a few minor delays. Yes, but with a few delays. No, there are often delays. No. There always delays and/or extensions and/or revised terms needed. We are actually in default in respect of our debt/loans. We have made no use of loans or debt/have nothing outstanding. Does the Community Scheme have any contingent liabilities e.g. guarantees issued, claims outstanding, debtors financed on a recourse basis, legal obligations, pending litigation? * No Yes Don't know/Can't establish Are these significant? * No They haven't yet been quantified Yes Don't know/Can't establish Submit If you are human, leave this field blank. Δ Navigation Return to Dashboard Return to Output View Return to Members Tools
