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Statement of Financial Position

for the period ending 30 June 2020

Statement of Financial Position

Notes

2020

$’000

2019

$’000

Original

Budget

$’000

ASSETS

Financial assets

Cash and cash equivalents

2.1A

91,703

96,526

54,003

Trade and other receivables

2.1B

52,626

169,947

204,669

Total financial assets

144,329

266,473

258,672

Non-financial assets

Leasehold improvements1

2.2A

17,932

6,174

1,400

Plant and equipment

2.2A

1,646

1,392

760

Prepayments

588

21,162

7,503

Total non-financial assets

20,166

28,728

9,663

Total assets

164,495

295,201

268,335

LIABILITIES

Payables

Suppliers

2.3A

90,700

61,860

50,441

Other payables

2.3B

886

183,690

180,029

Total payables

91,586

245,550

230,470

Provisions

Employee provisions

4.1A

10,055

9,571

8,170

Make good provisions

2.4A

1,265

1,200

559

Total provisions

11,320

10,771

8,729

Interest Bearing liabilities

Leases

13,093

-

-

Total interest bearing liabilities

13,093

-

-

Total liabilities

115,999

256,321

239,199

Net assets

48,496

38,880

29,136

EQUITY

Contributed equity

13,671

13,671

5,559

Asset revaluation reserve

325

367

239

Retained surplus

34,500

24,842

23,338

Total equity

48,496

38,880

29,136

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

1 Right-of-use assets are included in Leasehold improvements.