Statement of financial position
as at 30 June 2019
|
Original budget |
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|
2019 |
2018 |
2019 |
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|
Notes |
$ |
$ |
$ |
|
|
ASSETS |
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|
Financial assets |
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|
Cash and cash equivalents |
1,346,091 |
1,100,443 |
1,143,000 |
|
|
Trade and other receivables |
2,263,434 |
6,639,882 |
1,925,000 |
|
|
Other financial assets |
559,134 |
130,686 |
83,000 |
|
|
Total financial assets |
4,168,659 |
7,871,011 |
3,151,000 |
|
|
Non-financial assets |
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|
Land |
9,750,000 |
10,500,000 |
9,000,000 |
|
|
Buildings |
18,349,717 |
17,794,740 |
17,558,000 |
|
|
Leasehold improvements |
74,442 |
152,936 |
0 |
|
|
Plant and equipment |
10,343,582 |
6,870,375 |
10,215,000 |
|
|
Intangibles |
959,616 |
1,011,347 |
1,821,000 |
|
|
Inventories |
1,488,404 |
1,389,190 |
1,480,000 |
|
|
Other non-financial assets |
427,606 |
586,169 |
578,000 |
|
|
Total non-financial assets |
41,393,367 |
38,304,757 |
40,652,000 |
|
|
Total assets |
45,562,026 |
46,175,768 |
43,803,000 |
|
|
LIABILITIES |
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|
Payables |
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|
Suppliers |
756,002 |
878,827 |
1,307,000 |
|
|
Other payables |
1,302,834 |
1,577,193 |
1,961,000 |
|
|
Total payables |
2,058,836 |
2,456,020 |
3,268,000 |
|
|
Provisions |
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|
Employee provisions |
4,864,862 |
4,564,755 |
4,750,000 |
|
|
Total provisions |
4,864,862 |
4,564,755 |
4,750,000 |
|
|
Total liabilities |
6,923,698 |
7,020,775 |
8,018,000 |
|
|
Net assets |
38,638,328 |
39,154,993 |
35,785,000 |
|
|
EQUITY |
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|
Contributed equity |
30,506,000 |
28,561,000 |
30,506,000 |
|
|
Reserves |
19,514,793 |
19,477,693 |
17,186,000 |
|
|
Retained surplus / (accumulated deficit) |
(11,382,465) |
(8,883,700) |
(11,907,000) |
|
|
Total equity |
38,638,328 |
39,154,993 |
35,785,000 |
The above statement should be read in conjunction with the accompanying notes.
Budget variances commentary
Statement of Financial Position
The above table provides a comparison between the 2018–19 Portfolio Budget Statements (PBS) budget and the final financial outcome in the 2018–19 financial statements. The Budget is not audited and does not reflect additional budget estimates provided in the 2018–19 Portfolio Additional Estimates Statements (PAES) or the revised budget provided as part of the 2019–2020 Portfolio Budget Statements (PBS). However major changes in budget have been explained as part of the variance analysis where relevant.
The actuals are prepared in accordance with Australian Accounting Standards.
Explanations have been provided where movements are greater than 10% of the line item and/or 2% of total assets or liabilities unless the movement is clearly trivial.
Departmental major budget variances for 2019
|
Explanations of major variances |
Affected line items (and statement) |
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|
Financial assets |
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|
Trade and other receivables |
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|
The variance relates to appropriation receivable, as actual appropriation drawdowns were lower than budgeted. |
Trade and other receivables (statement of financial position) and operating cash received - appropriations (cash flow statement). |
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|
Other financial assets |
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|
Actual accrued revenue was higher than forecast, and relates predominately to the Comprehensive Nuclear Test Ban Treaty quarterly operation and maintenance contract invoice |
Other financial assets (statement of financial position) and total own source revenue (statement of comprehensive income), |
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|
Non-financial assets |
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|
Land and buildings |
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|
The variance relates to the independent revaluation of land and buildings in 2019 and 2018, since the budget was prepared. |
Land and buildings and reserves (statement of financial position). |
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|
Leasehold improvements |
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|
Leasehold improvement are not separately identified in the budget |
Leasehold improvements and reserves (statement of financial position). |
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|
Intangibles |
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|
The variance relates to a reprioritisation of digital investment away from software toward refreshing the core infrastructure |
Intangibles and trade and other receivables (statement of financial position) and investing cash used - purchase of property plant and equipment (cash flow statement). |
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|
Other non-financial assets |
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|
Actual prepaid expenses were lower than those forecast, and specifically relate to software support. |
Non-financial assets (statement of financial position). |
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|
Payables |
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|
Suppliers and other payables |
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|
Actual trade creditors and unearned revenue associated with the Australian Clinical Dosimetry Service were lower than that budgeted. |
Payables (statement of financial position). Suppliers expense and total own source revenue (statement of comprehensive income) |
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Visit
https://www.transparency.gov.au/annual-reports/australian-radiation-protection-and-nuclear-safety-agency/reporting-year/2018-2019-34