Statement of financial position

Statement of Finacial position
as at 30 June 2018
ASSETS
	Notes	2018 $’000	2017 $’000	Budget¹ $’000
Financial assets
Cash and cash equivalents		210	157	160
Trade and other receivables	3	11,118	10,131	8,859
Total financial assets		11,328	10,288	9,019
Non-financial assets
Property, plant and equipment	4	1,877	2,064	3,475
Intangibles	4	59	2,190	2,937
Inventories		86	67	57
Prepayments		237	237	183
Total non-financial assets		2,259	4,558	6,652
Total assets		13,587	14,846	15,671
LIABILITIES
Payables
Suppliers		227	78	258
Other payables		210	202	-
Total payables		437	280	258
Provisions
Employee provisions		6,326	5,638	5,987
Total provisions		6,326	5,638	5,987
Total liabilities		6,763	5,918	6,245
Net assets		6,824	8,929	9,426
EQUITY
Contributed equity		1,739	3,079	3,993
Reserve		11,347	11,376	11,388
Retained surplus / (accumulated deficit)		(6,262)	(5,526)	(5,955)
Total equity		6,824	8,929	9,426

The above statement should be read in conjunction with the accompanying notes.

The department’s original budgeted financial statement presented to the Parliament in the 2017–18 Portfolio Budget Statements. Refer to Note 7 for budget variance explanations.

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