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Financial statements

Statement of Comprehensive Income

for the period ended 30 June 2021

2021

2020

Budget

2021

Notes

$’000

$’000

$’000

NET COST OF SERVICES

Expenses

Employee benefits

1.1A

90,882

93,669

100,741

Suppliers

1.1B

104,153

114,499

121,910

Depreciation and amortisation

2.2A

31,817

26,439

30,900

Finance costs

1.1C

624

656

528

Write-down and impairment of property, plant and equipment

2.2A

72

1,274

Resources received free of charge

1.1D

6,222

2,739

Total expenses

233,770

239,276

254,079

Own-source revenue

Revenue from contracts with customers

1.2A

136,701

138,022

113,541

Rental income

1.2B

1,049

Resources received free of charge

1.2C

14,990

2,739

2,250

Total own-source revenue

152,740

140,761

115,791

Gains

Other gains

1.2E

4,065

Total gains

4,065

Total own-source income

156,805

140,761

115,791

Net cost of services

(76,965)

(98,515)

(138,288)

Revenue from Government—Departmental Appropriations

1.2D

95,786

103,841

98,672

Surplus/(Deficit) attributable to the Australian Government

18,821

5,326

(39,616)

OTHER COMPREHENSIVE INCOME

Items not subject to subsequent reclassification to net cost of services

Changes in asset revaluation reserves—leasehold improvements and property, plant and equipment

1,535

Changes in asset revaluation reserves—provision for

restoration obligations

(51)

7

Total other comprehensive income

1,484

7

Total comprehensive income/(loss) attributable to the Australian Government

20,305

5,333

(39,616)

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

Budget to actual variance commentary: see Note 7 for major variance explanations.

Statement of Financial Position

as at 30 June 2021

2021

2020

Budget

2021

Notes

$’000

$’000

$’000

ASSETS

Financial assets

Cash and cash equivalents

2.1A

131,910

124,915

84,285

Trade and other receivables

2.1B

66,481

77,440

76,952

Other financial assets

523

Total financial assets

198,391

202,355

161,760

Non-financial assets

Buildings

2.2A

50,746

43,681

45,866

Leasehold improvements

2.2A

12,943

14,609

Property, plant and equipment

2.2A

40,088

42,096

40,401

Intangibles

2.2A

48,329

37,302

52,874

Prepayments

10,528

9,448

9,448

Total non-financial assets

162,634

147,136

148,589

Total assets

361,025

349,491

310,349

LIABILITIES

Payables

Suppliers

2.3A

15,254

21,922

21,922

Other payables

2.3B

4,501

7,378

7,378

Total payables

19,755

29,300

29,300

Interest bearing liabilities

Leases

2.4A

62,493

55,956

45,609

Total interest bearing liabilities

62,493

55,956

45,609

Provisions

Employee provisions

4.1A

30,659

30,603

30,603

Other provisions

2.5A

2,305

17,404

17,439

Total provisions

32,964

48,007

48,042

Total liabilities

115,212

133,263

122,951

Net assets

245,813

216,228

187,398

EQUITY

Contributed equity

79,330

70,050

80,836

Reserves

18,449

16,965

16,965

Retained surplus

148,034

129,213

89,597

Total equity

245,813

216,228

187,398

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

Budget to actual variance commentary: see Note 7 for major variance explanations.

Statement of Changes in Equity

for the period ended 30 June 2021

Retained earnings

Asset revaluation reserve

Contributed equity/capital

Total equity

2021

2020

Budget 2021

2021

2020

Budget 2021

2021

2020

Budget 2021

2021

2020

Budget 2021

$’000

$’000

$’000

$’000

$’000

$’000

$’000

$’000

$’000

$’000

$’000

$’000

Balance carried forward from

previous period

129,213

116,211

129,213

16,965

16,411

16,965

70,050

58,680

70,050

216,228

191,302

216,228

Adjustment on initial application of AASB 16—leases

7,676

547

8,223

Adjusted opening balance

129,213

123,887

129,213

16,965

16,958

16,965

70,050

58,680

70,050

216,228

199,525

216,228

Comprehensive income

Surplus/(Deficit) for the period

18,821

5,326

(39,616)

18,821

5,326

(39,616)

Other comprehensive income

1,484

7

1,484

7

Total comprehensive income

18,821

5,326

(39,616)

1,484

7

20,305

5,333

(39,616)

Transactions with owners

Contributions by owners

Equity injection—Appropriations1

6,681

8,758

8,187

6,681

8,758

8,187

Departmental capital budget1

2,599

2,612

2,599

2,599

2,612

2,599

Total transactions with owners

9,280

11,370

10,786

9,280

11,370

10,786

Closing balance as at 30 June

148,034

129,213

89,597

18,449

16,965

16,965

79,330

70,050

80,836

245,813

216,228

187,398

1 Amounts appropriated which are designated as ‘equity injections’ and ‘Departmental capital budgets’ are recognised directly in transactions with owners in that year.

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

Budget to actual variance commentary: see Note 7 for major variance explanations.

Cash Flow Statement

for the period ended 30 June 2021

2021

2020

Budget

2021

Notes

$’000

$’000

$’000

OPERATING ACTIVITIES

Cash received

Appropriations

117,668

98,939

98,637

Revenue from contracts with customers

125,751

138,349

113,541

Other

4,727

66

Net GST received

10,286

12,398

Total cash received

258,432

249,752

212,178

Cash used

Employees

90,500

91,974

100,741

Suppliers

128,705

121,312

119,625

Interest payments on lease liabilities

1.1C

618

637

528

Section 74 receipts transferred to Official Public Account

1,921

4,999

Other

761

735

Total cash used

222,505

219,657

220,894

Net cash from operating activities

35,927

30,095

(8,716)

INVESTING ACTIVITIES

Cash received

Proceeds from sales of property, plant and equipment

23

Total cash received

23

Cash used

Purchase of property, plant and equipment and intangibles

2.2A

26,249

36,153

32,353

Total cash used

26,249

36,153

32,353

Net cash used by investing activities

(26,226)

(36,153)

(32,353)

FINANCING ACTIVITIES

Cash received

Contributed equity

9,280

11,370

10,786

Total cash received

9,280

11,370

10,786

Cash used

Principal payments of lease liabilities

11,986

10,700

10,347

Total cash used

11,986

10,700

10,347

Net cash from/(used by) financing activities

(2,706)

670

439

Net increase/(decrease) in cash held

6,995

(5,388)

(40,630)

Cash and cash equivalents at the beginning of the reporting period

124,915

130,303

124,915

Cash and cash equivalents at the end of the reporting period

2.1A

131,910

124,915

84,285

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

Budget to actual variance commentary: see Note 7 for major variance explanations.