Statement of Financial Position
as at 30 June 2021
2021 | 2020 | Original Budget1 | ||
Notes | $'000 | $'000 | $'000 | |
ASSETS | ||||
Financial assets | ||||
Cash and cash equivalents | 2.1A | 1,768 | 1,680 | 1,680 |
Investments - term deposits | 22,402 | 24,503 | 24,203 | |
Trade and other receivables | 2.1B | 787 | 810 | 810 |
Total financial assets | 24,957 | 26,993 | 26,693 | |
Non-financial assets | ||||
Buildings² | 2.2A | 16,401 | 16,001 | 15,445 |
Heritage and cultural | 2.2A | 12,049 | 11,826 | 12,226 |
Plant and equipment | 2.2A | 2,896 | 2,819 | 3,249 |
Computer software | 2.2A | 2 | 11 | 19 |
Inventories | 2.2B | 205 | 171 | 171 |
Other non-financial assets | 2.2C | 1,069 | 987 | 987 |
Total non-financial assets | 32,622 | 31,815 | 32,097 | |
Total assets | 57,579 | 58,808 | 58,790 | |
LIABILITIES | ||||
Payables | ||||
Suppliers payable | 2.3A | 1,166 | 734 | 734 |
Other payables | 2.3B | 7,151 | 8,963 | 8,982 |
Total payables | 8,317 | 9,697 | 9,716 | |
Interest bearing liabilities | ||||
Leases | 2.4A | 624 | 734 | 623 |
Total interest bearing liabilities | 624 | 734 | 623 | |
Provisions | ||||
Employee provisions | 3.1A | 3,913 | 4,113 | 4,113 |
Other provisions | 2.5A | 10 | 10 | 10 |
Total provisions | 3,923 | 4,123 | 4,123 | |
Total liabilities | 12,864 | 14,554 | 14,462 | |
Net assets | 44,715 | 44,254 | 44,328 | |
EQUITY | ||||
Contributed equity | 4,057 | 3,983 | 4,057 | |
Asset revaluation reserve | 16,793 | 15,949 | 15,949 | |
Retained earnings | 23,865 | 24,322 | 24,322 | |
Total equity | 44,715 | 44,254 | 44,328 |
The above statement should be read in conjunction with the accompanying notes.
1 Budget reported in Portfolio Budget Statements 2020-21.
2 Right-of-use assets are included in buildings.
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https://www.transparency.gov.au/annual-reports/australian-institute-aboriginal-and-torres-strait-islander-studies/reporting-year/2020-21-26