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Statement of Financial Position

Department of Finance

Departmental Primary Statements

STATEMENT OF FINANCIAL POSITION

as at 30 June 2018

Actuals

Budget

30 June

30 June

30 June

2018

2017

2018

Note ref

$'000

$'000

$'000

Assets

Financial assets

Cash and cash equivalents

Cash and cash equivalents

D1.1

16,824

10,780

5,000

Special account cash held in OPA

F3.1

755,470

739,018

805,839

Trade receivables

D1.1

4,064

74,299

69,426

Accrued revenue

D1.1

5,889

11,770

20,344

Appropriations receivable

Special account capital receivable

F3.1

62,589

58,891

-

Other departmental undrawn

F1.2

156,954

152,956

48,975

Reinsurance and other recoveries

C1.3

3,034

5,964

6,383

Lease incentive assets

3,994

7,365

8,619

Investments in joint ventures

H1

2,640

3,611

4,898

Other financial assets

131

2,643

2,801

Total financial assets

1,011,589

1,067,297

972,285

Non-financial assets

Land

D3.1

B3

376,014

387,641

413,298

Buildings

D3.1

B3

595,221

589,011

682,471

Leasehold improvements

D3.1

25,312

26,740

-

Investment properties

D3.1

B3

783,282

847,703

648,958

Plant and equipment

D3.1

26,415

30,867

111,566

Intangible assets

D3.1

89,251

94,387

111,191

Prepayments

7,989

9,443

11,274

Assets held for sale

D3.2

28,154

4,317

12,137

Total non-financial assets

1,931,638

1,990,109

1,990,895

Total Assets

2,943,227

3,057,406

2,963,180

Liabilities

Trade creditors and accruals

D1.1

36,241

49,771

66,124

Unearned revenue

16,968

149,183

85,945

Return of equity - special accounts

H2

B3

189,823

57,145

65,323

Outstanding insurance claims

C1.4

B2

381,912

438,663

352,587

Employee provisions

E1.2

62,479

58,403

67,733

Finance leases

D1.1

3,736

6,475

10,102

Lease incentive liabilities

35,236

37,690

40,144

Other provisions

D4

B3

20,648

8,815

21,274

Other payables

2,490

5,591

3,379

Total liabilities

749,533

811,736

712,611

Net Assets

2,193,694

2,245,670

2,250,569

Equity

Contributed equity/capital

1,420,938

1,638,593

1,704,354

Retained earnings

534,857

407,936

368,953

Asset revaluation reserves

B3

237,899

199,141

177,262

Total Equity

2,193,694

2,245,670

2,250,569

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

Visit

https://www.transparency.gov.au/annual-reports/department-finance/2018/part-5-financial-statements/statement-financial-position