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Department of Industry, Science, Energy and Resources Statement of Financial Position as at 30 June 2020

2020

2019

Original Budget

Notes

$'000

$'000

$'000

ASSETS

Financial assets

Cash and cash equivalents

3.1A

33,374

12,823

10,219

Trade and other receivables

3.1B

135,630

110,562

93,715

Accrued revenue

241

6,221

2,402

Total financial assets

169,245

129,606

106,336

Non-financial assets1

Land and buildings

3.2A

416,522

98,470

97,952

Infrastructure, plant and equipment

3.2A

27,950

24,553

17,851

Laboratory equipment

3.2A

23,474

23,792

14,993

Intangibles

3.2A

62,254

60,058

63,822

Inventories

2,179

2,124

2,242

Prepayments

5,263

9,729

12,298

Total non-financial assets

537,642

218,726

209,158

Total assets

706,887

348,332

315,494

LIABILITIES

Payables

Suppliers

3.3A

46,598

28,719

47,064

Grants

587

200

2,302

Other payables

3.3B

9,142

45,142

25,157

Total payables

56,327

74,061

74,523

Provisions

Employee provisions

6.1A

128,709

89,781

81,034

Other provisions

3.4A

3,040

1,920

1,848

Total provisions

131,749

91,701

82,882

Interest bearing liabilities

Leases

316,702

-

-

Total interest bearing liabilities

316,702

-

-

Total liabilities

504,778

165,762

157,405

Net assets

202,109

182,570

158,089

EQUITY

Contributed equity

563,318

535,300

563,849

Asset revaluation reserve

19,804

11,204

10,482

Accumulated deficit

(381,013)

(363,934)

(416,242)

Total equity

202,109

182,570

158,089

1.Right-of-use assets are included in Land and Buildings, Infrastructure, Plant and Equipment and Laboratory Equipment.