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Commonwealth Grants Commission Annual Report 2018–19

Statement of financial position

as at 30 June 2019

	Notes	2019	2018	Original budget
		$’000	$’000	$’000
Assets
Financial assets
Cash and cash equivalents	3.1A	127	60	112
Trade and other receivables	3.1B	5,221	4,935	5,890
Total financial assets		5,348	4,995	6,002

Non-financial assets
Leasehold improvements	3.2	295	282	353
Plant and equipment	3.2	159	229	197
Prepayments		29	30	36
Total non-financial assets		483	541	586
Total assets		5,831	5,536	6,588

Liabilities
Payables
Suppliers	3.3A	124	63	108
Other payables	3.3B	215	213	230
Total payables		339	276	338

Provisions
Employee provisions	5.1	1,686	1,533	1,573
Other provisions	3.4	85	85	–
Total provisions		1,771	1,618	1,573
Total liabilities		2,110	1,894	1,911

Net assets		3,721	3,642	4,677

Equity
Contributed equity		61	–	313
Reserves	6.2	264	264	552
Retained surplus	6.2	3,396	3,378	3,812
Total equity		3,721	3,642	4,677

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

https://www.transparency.gov.au/annual-reports/commonwealth-grants-commission/reporting-year/2018-2019-18