Statement of financial position

Statement of financial position
as at 30 June 2023
ASSETS
	Notes	2023 $’000	2022 $’000	Original Budget $’000
Financial assets
Cash and cash equivalents	2.1A	226	204	204
Trade and other receivables	2.1B	14,313	15,773	15,773
Total financial assets		14,539	15,977	15,977
Non-financial assets
Plant and equipment	2.2	2,051	1,783	1,950
Intangibles	2.2	99	143	103
Inventories		122	118	118
Prepayments		257	226	226
Total non-financial assets		2,529	2,270	2,397
Total assets		17,068	18,247	18,374
LIABILITIES
Payables
Suppliers	2.3A	317	139	139
Other payables	2.3A	781	606	606
Total payables		1,098	745	745
Interest bearing liabilities
Leases	2.3B	50	11	51
Total interest bearing liabilities		50	11	51
Provisions
Employee provisions	3A	7,414	7,118	7,118
Total provisions		7,414	7,118	7,118
Total liabilities		8,562	7,874	7,914
Net assets		8,506	10,373	10,460
EQUITY
Contributed equity		2,967	2,702	2,967
Reserves		11,495	11,495	11,495
Accumulated deficit		(5,956)	(3,824)	(4,002)
Total equity		8,506	10,373	10,460
The above statement should be read in conjunction with the accompanying notes. Original budget figures are those published in the department’s 2022–23 Portfolio Budget Statements.