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Statement of financial position as at 30 June 2020

2020

2019

Original Budget
2020

Notes

$'000

$'000

$'000

ASSETS

Financial Assets

Cash and cash equivalents

5,334

9,313

6,602

Trade and other receivables

3.1A

85,636

90,225

69,086

Total financial assets

90,970

99,538

75,688

Non-Financial Assets1

Leasehold improvements

3.2A

581,359

52,265

44,349

Property, plant and equipment

3.2A

1,485

27,711

22,123

Intangibles

3.2A

62

123,980

83,707

Prepayments

1,042

25,819

28,149

Total non-financial assets

583,948

229,775

178,328

Assets held for sale

3.2A

-

50

-

Total assets

674,918

329,363

254,016

LIABILITIES

Payables

Suppliers

3.3A

20,406

23,707

30,086

Other payables

3.3B

7,255

45,574

32,593

Total payables

27,661

69,281

62,679

Interest Bearing Liabilities1

Leases

3.4A

548,847

-

-

Provisions

Employee provisions

6.1A

91,691

96,172

90,203

Other provisions

3.5A

273

743

1,087

Total provisions

91,964

96,915

91,290

Total liabilities

668,472

166,196

153,969

Net assets

6,446

163,167

100,047

EQUITY

Contributed equity

331,165

467,376

500,849

Asset revaluation reserve

75,605

75,613

72,393

Accumulated deficit

(400,324)

(379,822)

(473,195)

Total equity

6,446

163,167

100,047

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

Refer to Note 8.4A for explanations of major variances to the Original Budget.

1. From 1 July 2019, right-of-use assets are included in the Leasehold improvements and Property, plant and equipment line items and lease liabilities are included in the Leases line item in accordance with AASB 16 Leases (refer to Overview).