Statement of financial position

Statement of financial position
for the period ending 30 June 2020
ASSETS
	Notes	2020 $’000	2019 $’000	Original Budget $’000
Financial assets
Cash and cash equivalents	2.1A	153	224	210
Trade and other receivables	2.1B	12,478	12,124	11,118
Total financial assets		12,631	12,348	11,328
Non-financial assets
Property, plant and equipment	2.2	2,049	2,117	2,702
Right of use	2.2	54	-	-
Intangibles	2.2	848	30	59
Inventories		130	133	86
Prepayments		239	236	237
Total non-financial assets		3,320	2,516	3,084
Total assets		15,951	14,864	14,412
LIABILITIES
Payables
Suppliers	2.3A	94	232	227
Other payables	2.3A	467	238	210
Total payables		561	470	437
Interest bearing liabilities
Leases	2.3B	54	-	-
Total interest bearing liabilities		54	-	-
Provisions
Employee provisions	3A	7,737	6,916	6,325
Total provisions		7,737	6,916	6,325
Total liabilities		8,352	7,386	6,762
Net assets		7,599	7,478	7,650
EQUITY
Contributed equity		2,915	2,514	2,915
Reserves		11,347	11,347	11,347
Accumulated deficit		(6,663)	(6,383)	(6,612)
Total equity		7,599	7,478	7,650

The above statement should be read in conjunction with the accompanying notes.
Original budget figures are those published in the department’s 2019–20 Portfolio Budget Statements.