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Australian Renewable Energy Agency Annual Report 2018–19

Statement of Financial Position

Statement of Financial Position as at 30 June 2019
		2019 $'000	2018 $'000	Original¹ Budget $'000
ASSETS
Financial assets
Cash and cash equivalents	2.1A	85,584	56,389	61,603
Trade and other receivables	2.1B	2,875	2,546	2,586
Investments	2.1C	29,349	30,641	34,318
Total financial assets		117,808	89,576	98,507
Non-financial assets
Leasehold improvements	2.2	1,586	1,734	-
Plant and equipment	2.2	278	128	867
Computer software	2.2	-	-	2,420
Prepayments		288	405	317
Total non-financial assets		2,152	2,267	3,604
Total assets		119,960	91,843	102,111
LIABILITIES
Payables
Suppliers - trade creditors and accruals		1,855	1,465	1,479
Grants	2.3A	13,751	763	1,815
Other payables	2.3B	383	6	12
Total payables		15,989	2,234	3,306
Provisions
Employee provisions	3.1	194	208	205
Other provisions	2.4	435	425	347
Total provisions		629	633	552
Total liabilities		16,618	2,867	3,858
Net assets		103,342	88,976	98,253
EQUITY
Asset revaluation reserve		238	238	-
Retained surplus		103,104	88,738	98,253
Total equity		103,342	88,976	98,253

The above statement should be read in conjunction with the accompanying notes.

¹ ARENA's budget as published in the 2018-19 Portfolio Budget Statements.

https://www.transparency.gov.au/annual-reports/australian-renewable-energy-agency/reporting-year/2018-2019-55