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Statement of Financial Position as at 30 June 2020

Notes

2020
$

2019
$

Original Budget
$

Assets

Current

Cash and cash equivalents

7

7,570,263

6,377,094

3,744,000

Financial assets at amortised cost

2,442,951

4,478,155

6,000,000

Trade and other receivables

569,781

206,262

152,000

Other assets

77,756

141,293

-

Current assets

10,660,751

11,202,804

9,896,000

Non-current

Property, furniture and equipment

3.2 & 4

3,525,208

967,383

763,000

Non-current assets

3,525,208

967,383

763,000

Total Assets

14,185,959

12,170,187

10,659,000

Liabilities

Current

Supplier and other payables

1,341,306

717,531

1,045,000

Employee provisions

6

998,947

630,194

727,000

Lease liability

3.2

646,704

-

-

Unearned income

3.1

215,000

-

-

Current liabilities

3,201,957

1,347,725

1,772,000

Non-current

Employee provisions

6

126,095

154,109

196,000

Other provisions

6

361,892

367,760

344,000

Lease liability

3.2

2,038,744

-

-

Non-current liabilities

2,526,731

521,869

540,000

Total Liabilities

5,728,688

1,869,594

2,312,000

Net Assets

8,457,271

10,300,593

8,347,000

Equity

Retained surplus

8,457,271

10,300,593

8,347,000

Total Equity

8,457,271

10,300,593

8,347,000

The original budget was reported in the 2019–20 Portfolio Budget Statements published in April 2019.

This statement should be read in conjunction with the accompanying notes.

Budget variance commentary
Budget variance explanations are outlined in Note 12. Explanations of major budget variances.