Statement of financial position
as at 30 June 2020
Notes | 2020 | 2019 | Original budget | ||
$’000 | $’000 | $’000 | |||
Assets | |||||
Financial assets | |||||
Cash and cash equivalents | 100 | 127 | 100 | ||
Trade and other receivables | 3 | 8,299 | 5,221 | 4,906 | |
Total financial assets | 8,399 | 5,348 | 5,006 | ||
Non-financial assets | |||||
Leasehold | 4 | 856 | 295 | 282 | |
Plant and equipment | 4 | 89 | 159 | 225 | |
Software | 4 | 15 | – | 764 | |
Prepayments | 72 | 29 | 30 | ||
Total non-financial assets | 1,032 | 483 | 1,301 | ||
Total assets | 9,431 | 5,831 | 6,307 | ||
Liabilities | |||||
Payables | |||||
Suppliers | 128 | 124 | 108 | ||
Other payables | 5A | 109 | 215 | 179 | |
Total payables | 237 | 339 | 287 | ||
Interest bearing liabilities | |||||
Lease | 5B | 686 | – | – | |
Total interest bearing liabilities | 686 | – | – | ||
Provisions | |||||
Employee provisions | 5C | 1,412 | 1,686 | 1,533 | |
Other provisions | 5D | 109 | 85 | 85 | |
Total provisions | 1,521 | 1,771 | 1,618 | ||
Total liabilities | 2,444 | 2,110 | 1,905 | ||
Net assets | 6,987 | 3,721 | 4,402 | ||
Equity | |||||
Contributed equity | 886 | 61 | 886 | ||
Reserves | 200 | 264 | 552 | ||
Retained surplus | 5,901 | 3,396 | 2,964 | ||
Total equity | 6,987 | 3,721 | 4,402 |
The above statement should be read in conjunction with the accompanying notes.
Visit
https://www.transparency.gov.au/annual-reports/commonwealth-grants-commission/reporting-year/2019-20-8