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Department of Industry, Science, Energy and Resources Annual Report 2019-20

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.

https://www.transparency.gov.au/annual-reports/department-industry-science-energy-and-resources/reporting-year/2019-20-32