Statement of financial position as at 30 June 2020
2020 | 2019 | Original Budget | ||||
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).
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