Statement of financial position
for the period ending 30 June 2020
|
Notes |
2020
$’000 |
2019
$’000 |
Original Budget
$’000 |
| ASSETS |
| 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.