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Statement of Financial Position as at 30 June 2020

2020

2019

Original budget

Notes

$'000

$'000

$'000

ASSETS

Financial assets

Cash

13,389

12,785

4,636*

Trade and other receivables

2.1 A

907

3,160

1,812*

Total financial assets

14,296

15,945

6,448

Total non-financial assets

Plant, property and equipment**

2.2 A

3,527

1,173

950*

Prepayments

143

73

186

Total non-financial assets

3,670

1,246

1,136

Total assets

17,966

17,191

7,584

LIABILITIES

Payables

Trade creditors and accruals

2.3 A

1,843

1,445

1,156*

Unearned income

2.3 A

5,924

9,144

-*

Other payables

2.3 B

193

183

257*

Total payables

7,960

10,772

1,413

Interest bearing liabilities

Leases

2.4 A

2,668

-

-*

Total interest bearing liabilities

2,668

-

-

Provisions

Employee provisions

4.1

3,313

2,700

3,135

Total provisions

3,313

2,700

3,135

Total liabilities

13,941

13,472

4,548

Net assets

4,025

3,719

3,036

EQUITY

Contributed equity

1,836

1,836

1,836

Reserves

298

298

5*

Retained surplus

1,891

1,585

1,195*

Total equity

4,025

3,719

3,036

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

* Explanations for major variances to budget are made in note 6.2.

** Right of use assets are included in the line item, Property, plant and equipment.