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Note 6. Other information

6.1 Current/Non-current distinction for assets and liabilities

2021

2020

$'000

$'000

Assets expected to be recovered in:

No more than 12 months

Cash and cash equivalents

943,772

986,576

Trade and other receiveables

33,298

39,931

Other financial assets

5,219

5,532

Other non-financial assets

1,400

1,320

Total no more than 12 months

983,689

1,033,359

More than 12 months

Trade and other receivables

2,159,679

2,196,149

Buildings

14,219

17,617

Plant and equipment

3,309

4,845

Computer software

7,553

8,228

Other non-financial assets

45

62

Total more than 12 months

2,184,805

2,226,901

Total assets

3,168,494

3,260,261

Liabilities expected to be settled in:

No more than 12 months

Suppliers

348,430

338,644

Workers' compensation claims payable

6,932

8,010

Other payables

2,677

2,306

Leases

6,541

5,829

Employee provisions

6,658

7,456

Workers' compensation claims

242,449

242,500

Common law asbestos-related disease claims

54,460

51,940

Other provisions

163

483

Total no more than 12 months

668,310

657,168

More than 12 months

Other payables

255

255

Leases

5,489

7,050

Employee provisions

12,475

11,979

Workers' compensation claims

1,696,497

1,786,715

Common law asbestos-related disease claims

775,740

777,700

Other provisions

626

2,186

Total more than 12 months

2,491,082

2,585,885

Total liabilities

3,159,392

3,243,052

6.2 Assets held in trust

Comcare Beneficiaries Trust Account

The Beneficiaries Trust Account was established on 1 December 1988 to administer compensation benefits paid under both the Compensation (Commonwealth Government Employees) Act 1971 and the SRC Act to beneficiaries that are under a legal disability. The majority of these are children under the age of 18 who have been awarded compensation following the death of a parent under compensable circumstances.

These monies are not available for other purposes of Comcare and are not recognised in the financial statements.

2021

2020

$’000

$’000

Cash at bank

As at 1 July

1,745

1,743

Receipts:

Funds deposited

-

54

Interest earned

14

39

Payments:

Final payouts

100

91

Total cash at bank as at 30 June

1,659

1,745

The above values are estimated at fair value at the time when acquired.

6.3 Reporting of outcomes

Outcome 1

Total

2021

2020

2021

2020

$’000

$’000

$’000

$’000

Expenses

Employee benefits

70,019

67,146

70,019

67,146

Suppliers

28,207

25,460

28,207

25,460

Depreciation and amortisation

12,911

12,208

12,911

12,208

Finance costs

7,302

3,331

7,302

3,331

Write-downs and impairment of assets

2,108

-

2,108

-

Losses from asset sales

263

336

263

336

Workers’ compensation claims expense

185,740

193,324

185,740

193,324

Common law asbestos-related disease claims expense

22,154

23,582

22,154

23,582

Total expenses

328,704

325,387

328,704

325,387

Income

Revenue from contracts with customers

206,566

202,526

206,566

202,526

Interest

8,468

20,315

8,468

20,315

Other revenue

1,309

997

1,309

997

Gains from movement in workers’ compensation claims provision

88,438

14,312

88,438

14,312

Gains/(losses) from movement in common law asbestos-related disease claims provision

420

109,900

420

109,900

Other gains

1,940

-

1,940

-

Revenue from Government

51,151

61,191

51,151

61,191

Available funding from movement in claims provision

(37,635)

(92,899)

(37,635)

(92,899)

Total income

320,657

316,342

320,657

316,342

Assets

Cash and cash equivalents

943,772

986,576

943,772

986,576

Trade and other receivables

2,192,977

2,236,080

2,192,977

2,236,080

Other financial assets

5,218

5,533

5,218

5,533

Buildings

14,219

17,617

14,219

17,617

Plant and equipment

3,309

4,845

3,309

4,845

Computer software

7,553

8,228

7,553

8,228

Other non-financial assets

1,446

1,382

1,446

1,382

Total assets

3,168,494

3,260,261

3,168,494

3,260,261

Liabilities

Suppliers

348,430

338,644

348,430

338,644

Workers’ compensation claims payable

6,932

8,010

6,932

8,010

Other payables

2,932

2,561

2,932

2,561

Leases

12,030

12,879

12,030

12,879

Employee provisions

19,133

19,435

19,133

19,435

Workers’ compensation claims provision

1,938,946

2,029,215

1,938,946

2,029,215

Common law asbestos-related disease claims provision

830,200

829,640

830,200

829,640

Other provisions

789

2,669

789

2,669

Total liabilities

3,159,392

3,243,053

3,159,392

3,243,053

Comcare’s program components supporting the outcome are described in the Overview.