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Statement of Financial Position

as at 30 June 2019

2019

2018

Original Budget

Notes

$'000

$'000

$'000

ASSETS

Financial assets

Cash and cash equivalents

3.1A

6,752

7,974

6,235

Trade and other receivables

3.1B

74,198

75,660

12,400

Premiums and recoveries receivable

3.1C

54,732

15,606

14,000

Investments

3.1D

60,381

64,297

65,000

Total financial assets

196,063

163,537

97,635

Non-financial assets

Land and buildings

3.2A

31,313

19,694

26,985

Property, plant and equipment

3.2A

495

588

1,758

Intangibles

3.2A

74,813

78,217

73,561

Other non-financial assets

3.2B

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

3.3A

64,218

73,555

21,770

Unearned premiums

3.3B

23,502

23,036

23,000

Other payables

3.3C

7,215

9,814

3,126

Total payables

94,935

106,405

47,896

Provisions

Employee provisions

6.1A

65,795

63,192

62,878

Gross outstanding claims

3.4A

56,652

14,710

18,151

Other provisions

3.4B

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.