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Department of the Prime Minister and Cabinet Annual Report 2020-21

Administer Schedule of Assets and Liabilities

as at 30 June 2021

		2021	2020	Original budget
	Notes	$'000	$'000	$'000
ASSETS
Financial assets
Cash	4.1A	-	1,342	1,342
Trade and other receivables	4.1B	2,017	73	73
Investments in corporate Commonwealth entities	4.1C	2,870,473	2,597,098	2,704,355
Total financial assets		2,872,490	2,598,513	2,705,770

Non-financial assets
Property, plant and equipment ¹	4.2	53,519	51,567	54,283
Prepayments		59	174	174
Total non-financial assets		53,578	51,741	54,457

Total assets administered on behalf of Government		2,926,068	2,650,254	2,760,227

LIABILITIES
Payables
Trade creditors and accruals		163	148	148
Other payables	4.3A	49	437	437
Total payables		212	585	585

Interest bearing liabilities
Leases		905	1,314	999
Total interest bearing liabilities		905	1,314	999

Provisions
Employee provisions	6.1B	591	458	490
Non-cash benefits – former Governors-General	6.1C	15,330	18,008	16,890
Make good provisions		372	324	-
Total provisions		16,293	18,790	17,380

Total liabilities administered on behalf of Government		17,410	20,689	18,964

Net assets		2,908,658	2,629,565	2,741,263

¹ Right-of-use assets are included in the property, plant and equipment.

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

https://www.transparency.gov.au/annual-reports/department-prime-minister-and-cabinet/reporting-year/2020-21-49