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Australian Institute of Aboriginal and Torres Strait Islander Studies Annual Report 2020-21

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.

https://www.transparency.gov.au/annual-reports/australian-institute-aboriginal-and-torres-strait-islander-studies/reporting-year/2020-21-26