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.
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