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Grains Research and Development Corporation Annual Report 2019-20

Statement of Financial Position

As at 30 June 2020

	Notes	2020 $’000	2019 $’000	Original Budget 2020 $’000
ASSETS
Financial assets
Cash and cash equivalents	2.1A	13,636	2,333	810
Trade and other receivables	2.1B	10,968	23,825	35,180
Equity accounted investments	2.1C	4,331	4,749	-
Investments in managed funds	2.1D	151,589	197,515	127,165
Other investments	2.1E	68,124	68,883	14,215
Total financial assets		248,648	297,305	177,370

Non-financial assets¹
Buildings	2.2A	16,770	2,117	2,055
Property, plant and equipment	2.2A	2,179	1,834	1,019
Intangibles	2.2A	10,762	8,310	11,502
Other non-financial assets	2.2B	963	196	714
Total non-financial assets		30,674	12,457	15,290
Assets held for sale	2.3	-	3,000	-
Total assets		279,322	312,762	192,660

LIABILITIES
Payables
Suppliers	2.4A	2,952	2,779	40,582
Research and development	2.4B	37,253	38,760	40,582
Other payables	2.4C	2,634	5,317
Total payables		42,839	46,856	40,582

Interest bearing liabilities
Leases	2.5	15,820	-	-
Total interest-bearing liabilities		15,820	-	-

Provisions
Employee provisions	3.1	2,610	2,395	2,796
Other provisions	2.6	542	542	1,226
Total provisions		3,152	2,937	4,022
Total liabilities		61,811	49,793	44,604
Net assets		217,511	262,969	148,056

EQUITY
Retained surplus		115,369	157,898	146,385
Contracted research reserve		101,750	103,400	146,385
Asset revaluation reserve		392	1,671	1,671
Total equity		217,511	262,969	148,056

1 Right-of-use assets are included in the following line items: buildings, property, plant and equipment.

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

https://www.transparency.gov.au/annual-reports/grains-research-and-development-corporation/reporting-year/2019-20-19