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Financial Statements

 

Statement of Comprehensive Income

For the year ended 30 June 2020

 

2020

6 Months to

30 June 2019

PBS

 

Notes

$'000

$'000

$'000

Net cost of services

 

 

 

 

Expenses

Employee benefits

3A

54,655

24,915

50,264

Suppliers

3B

33,293

17,462

26,834

Depreciation and amortisation

6A-6C

3,679

902

1,775

Finance costs

3C

41

16

Total expenses

 

91,668

43,279

78,889

Own-Source Income

Revenue from contracts with customers

4A

7,092

7,268

7,754

Other revenue

4B

411

924

38

Total own-source income

 

7,503

8,192

7,792

Net cost of services

 

84,165

35,087

71,097

Revenue from Government

4C

85,607

34,190

69,322

Total comprehensive surplus / (deficit)

 

1,442

(897)

(1,775)

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

Statement of Financial Position

For the year ended 30 June 2020

 

Notes

2020

$'000

2019

$'000

PBS

$'000

Assets

 

 

 

 

Financial assets

 

 

 

 

Cash and cash equivalents

5A

11,006

3,677

1,001

Trade and other receivables

5B

35,870

31,819

26,879

Total financial assets

 

46,876

35,496

27,880

Non-financial assets 1

 

 

 

 

Buildings

6A

2,912

Property plant and equipment

6B

2,196

1,604

2,991

Computer software

6C

1,493

2,742

5,060

Prepayments

 

98

350

439

Total non-financial assets

 

6,699

4,696

8,490

Total assets

 

53,575

40,192

36,370

Liabilities

 

 

 

 

Payables

 

 

 

 

Suppliers

 

5,916

5,605

2,388

Unearned income

7A

7,063

3,276

2,079

Other payables

7B

955

483

Total payables

 

13,934

9,364

4,467

Interest bearing liabilities

 

 

 

 

Lease liabilities

8

3,390

Provisions

 

 

 

 

Employee provisions

13

17,447

13,127

12,642

Other provisions

9

1,327

1,299

346

Total provisions

 

18,774

14,426

12,988

Total Liabilities

 

36,098

23,790

17,455

Net assets

 

17,477

16,402

18,915

Equity

 

 

 

 

Contributed equity

 

16,826

17,299

22,866

Accumulated surplus / (deficit)

 

651

(897)

(3,951)

Total equity

 

17,477

16,402

18,915

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

1 Right-of-use assets are included in Buildings and Property plant and equipment

Statement of Changes in Equity

For the year ended 30 June 2020

 

Notes

2020

$'000

2019

$'000

PBS

$'000

Contributed equity

 

 

 

 

Opening balance

 

17,299

21,174

Distributions to owners:

 

 

 

 

Return of capital

10

(17,738)

Restructuring

18

(2,165)

 

 

Contributions by owners:

 

 

 

 

Equity injection

10

17,738

16,279

Departmental capital budget

10

1,692

1,020

1,692

Total transactions with owners

 

(473)

17,299

1,692

Closing balance as at 30 June

 

16,826

17,299

22,866

Accumulated surplus / (deficit)

 

 

 

 

Opening balance

 

(897)

(2,176)

Adjustment on initial application of AASB 16

 

106

Adjusted opening balance

 

(791)

(2,176)

Surplus / (deficit) for the period

 

1,442

(897)

(1,775)

Closing balance as at 30 June

 

651

(897)

(3,951)

 

 

 

 

 

Total equity

 

17,477

16,402

18,915

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

Cash Flow Statement

For the year ended 30 June 2020

 

Notes

2020

$'000

6 Months to 30 June 2019

$'000

PBS

$'000

Operating activities

 

 

 

 

Cash received

 

 

 

 

Appropriations

 

76,496

32,922

69,363

Sale of goods and rendering of services

 

10,911

6,759

8,392

Other

 

949

400

Net GST received

 

2,928

211

Total cash received

 

91,284

40,292

77,755

Cash used

 

 

 

 

Employees

 

(51,659)

(23,517)

(49,482)

Suppliers

 

(35,141)

(15,790)

(27,895)

Interest payments on lease liabilities

 

(41)

Total cash used

 

(84,671)

(39,307)

(77,377)

Net cash from operating activities

 

4,433

985

378

Investing activities

 

 

 

 

Cash received

 

 

 

 

Proceeds from sale of property,

plant and equipment

 

40

Total cash received

 

40

Cash used

 

 

 

 

Purchase of property, plant and equipment

 

(955)

(885)

(1,157)

Purchase of computer software

 

(91)

(1,001)

(1,079)

Total cash used

 

(1,046)

(1,886)

(2,236)

Net cash used by investing activities

 

(1,006)

(1,886)

(2,236)

Financing activities

 

 

 

 

Cash received

 

 

 

 

Contributing equity

 

5,430

 

 

Departmental capital budget

 

5,441

1,020

1,692

Other financing activity

 

3,558

Total cash received

 

5,430

4,578

1,692

Cash used

 

 

 

 

Principal repayments of lease liabilities

 

(1,538)

Total cash used

 

(1,538)

Net cash from financing activities

 

3,892

4,578

1,692

Net (decrease)/increase in cash held

 

7,329

3,677

(166)

Cash at the beginning of the period

 

3,677

1,167

Cash at the end of the period

5A

11,006

3,677

1,001

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