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Statement of Financial Position

As at 30 June 2020

2020

2019

Original Budget

Notes

$'000

$'000

Ref

$'000

ASSETS

Financial Assets

Cash and cash equivalents

2.1A

2,717

2,460

3,698

Trade and other receivables

2.1B

629

581

854

Investments2

85,500

75,500

vii

69,000

Accrued interest

578

1,060

935

Total financial assets

89,424

79,601

74,487

Non-Financial Assets3

Land and buildings

2.2A

196,848

175,415

199,578

Heritage and cultural

2.2A

1,164,611

1,153,060

1,194,148

Plant and equipment

2.2A

11,032

8,616

8,837

Exhibitions

2.2A

25,088

30,430

37,781

Software

2.2A

3,888

4,089

7,229

Inventories

2.2B

429

626

639

Prepayments

47

57

223

Total non-financial assets

1,401,943

1,372,293

1,448,435

Total assets

1,491,367

1,451,894

1,522,922

LIABILITIES

Payables

Suppliers

2.3A

2,833

3,500

i

4,524

Other payables

2.3B

468

448

278

Total payables

3,301

3,948

4,802

Interest bearing liabilities

Leases

2.4A

20

-

-

Total interest bearing liabilities

20

-

-

Provisions

Employee provisions

4.1

9,687

9,383

v

8,346

Total provisions

9,687

9,383

8,346

Total liabilities

13,008

13,331

13,148

Net assets

1,478,359

1,438,563

1,509,774

EQUITY

Contributed Equity

168,233

131,187

166,433

Reserves

758,286

758,198

794,411

Retained Surplus

551,840

549,178

548,930

Total equity

1,478,359

1,438,563

1,509,774

1 The Memorial's investments represent term deposits held with Australian banks with terms greater than 90 days. Maturity dates range from July 2020 to May 2021. Effective interest rates range from 1.00 per cent to 1.65 per cent (2019: 2.50 per cent to 2.81 per cent).

2 Right-of-use assets are included in the Plant and Equipment line item.

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

The original budget comprises the budget as disclosed in the Portfolio Budget Statements 2019-20.