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Department of Parliamentary Services Annual Report 2019-20

Statement of financial position as at 30 June 2020

Statement of financial position as at 30 June 2020
					Original Budget
			2020	2019	2020
	Note ref		$'000	$'000	$'000
ASSETS
Financial assets
Cash and cash equivalents			1,097	1,143	1,097
Trade and other receivables	3.1A		26,045	30,760	27,763
Total financial assets			27,142	31,903	28,860

Non-financial assets
Plant and equipment:
Information and communication technology	3.2A	B2	28,331	39,790	31,369
Other plant and equipment	3.2A	B2	8,260	8,026	3,718
Library collection	3.2A		8,016	7,285	6,641
Right of use assets	3.2A	B2	1,001	0	0
Intangibles	3.2A		45,626	40,033	45,510
Inventories	3.2B		402	424	417
Prepayments			4,176	4,533	4,811
Total non-financial assets			95,812	100,091	92,466

Total assets			122,954	131,994	121,326

LIABILITIES
Payables
Suppliers			5,437	3,590	4,250
Other payables	3.3A		1,854	1,391	1,197
Total payables			7,291	4,981	5,447

Provisions
Employee provisions	6.1B	B3	28,510	27,017	24,004
Total provisions			28,510	27,017	24,004

Interest bearing liabilities
Leases	3.4A	B2	993	0	0
Total interest bearing liabilities			993	0	0

Total liabilities			36,794	31,998	29,451

Net assets			86,160	99,996	91,875

EQUITY
Contributed equity			301,687	284,634	300,857
Reserves			21,194	21,430	20,997
Accumulated deficit			(236,721)	(206,068)	(229,979)
Total equity			86,160	99,996	91,875

The above statement should be read in conjunction with the accompanying notes, including budget variance commentary.

https://www.transparency.gov.au/annual-reports/department-parliamentary-services/reporting-year/2019-20-39