Statement of Financial Position
as at 30 June 2019
|
2019 |
2018 |
Original Budget |
||||
|
Notes |
$'000 |
$'000 |
$'000 |
|||
|
ASSETS |
||||||
|
Financial assets |
||||||
|
Cash and cash equivalents |
6,752 |
7,974 |
6,235 |
|||
|
Trade and other receivables |
74,198 |
75,660 |
12,400 |
|||
|
Premiums and recoveries receivable |
54,732 |
15,606 |
14,000 |
|||
|
Investments |
60,381 |
64,297 |
65,000 |
|||
|
Total financial assets |
196,063 |
163,537 |
97,635 |
|||
|
Non-financial assets |
||||||
|
Land and buildings |
31,313 |
19,694 |
26,985 |
|||
|
Property, plant and equipment |
495 |
588 |
1,758 |
|||
|
Intangibles |
74,813 |
78,217 |
73,561 |
|||
|
Other non-financial assets |
4,975 |
5,356 |
6,568 |
|||
|
Total non-financial assets |
111,596 |
103,855 |
108,872 |
|||
|
Assets held for sale |
1,350 |
1,350 |
- |
|||
|
Total assets |
309,009 |
268,742 |
206,507 |
|||
|
LIABILITIES |
||||||
|
Payables |
||||||
|
Suppliers |
64,218 |
73,555 |
21,770 |
|||
|
Unearned premiums |
23,502 |
23,036 |
23,000 |
|||
|
Other payables |
7,215 |
9,814 |
3,126 |
|||
|
Total payables |
94,935 |
106,405 |
47,896 |
|||
|
Provisions |
||||||
|
Employee provisions |
65,795 |
63,192 |
62,878 |
|||
|
Gross outstanding claims |
56,652 |
14,710 |
18,151 |
|||
|
Other provisions |
3,070 |
1,734 |
1,555 |
|||
|
Total provisions |
125,517 |
79,636 |
82,584 |
|||
|
Total liabilities |
220,452 |
186,041 |
130,480 |
|||
|
Net assets |
88,557 |
82,701 |
76,027 |
|||
|
EQUITY |
||||||
|
Contributed equity |
317,783 |
276,853 |
300,327 |
|||
|
Reserves |
14,309 |
9,634 |
11,793 |
|||
|
Accumulated deficit |
(243,535) |
(203,786) |
(236,093) |
|||
|
Total equity |
88,557 |
82,701 |
76,027 |
The above statement should be read in conjunction with the accompanying notes.
For budgetary reporting information refer to Note 8.2.
Visit
https://www.transparency.gov.au/annual-reports/department-veterans-affairs/reporting-year/2018-2019-43