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Statement of Financial Position

Statement of Financial Position

for the period ended 30 June 2022

2022

2021

Original Budget

Notes

$'000

$'000

$'000

ASSETS

Financial Assets

Cash and cash equivalents

2.1A

66

83

81

Trade and other receivables

2.1B

1,432

1,222

923

Total financial assets

1,498

1,305

1,004

Non-Financial assets

Prepayments

12

8

7

Total non-financial assets

12

8

7

Total Assets

1,510

1,313

1,011

LIABILITIES

Payables

Suppliers

2.2A

241

243

318

Other payables

2.2B

125

128

24

Total payables

366

371

342

Provisions

Employee provisions

4.1

443

399

384

Total provisions

443

399

384

Total liabilities

809

770

726

Net Assets

701

543

285

EQUITY

Contributed equity

1,088

1,087

1,088

Accumulated deficit

(387)

(544)

(803)

Total Equity

701

543

285

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