Statement of financial position
|
Notes |
2019 $'000 |
2018 $'000 |
Original budget $'000 |
Revised budget $'000 |
|
|---|---|---|---|---|---|
|
ASSETS |
|||||
|
Financial Assets |
|||||
|
Cash and cash equivalents |
3.1A |
34,603 |
36,104 |
35,389 |
36,104 |
|
Trade and other receivables |
3.1B |
23,433 |
23,603 |
19,686 |
23,603 |
|
Total financial assets |
58,036 |
59,707 |
55,075 |
59,707 |
|
|
Non-Financial Assets |
|||||
|
Buildings |
3.2A |
6,508 |
16,656 |
18,358 |
17,877 |
|
Leasehold improvements |
3.2A |
76 |
50 |
0 |
0 |
|
Plant and equipment |
3.2A |
3,479 |
3,252 |
2,605 |
3,010 |
|
Computer software |
3.2A |
2,843 |
2,101 |
2,182 |
1,951 |
|
Reef HQ shop inventory |
18 |
58 |
114 |
58 |
|
|
Prepayments |
332 |
487 |
529 |
488 |
|
|
Total non-financial assets |
13,256 |
22,604 |
23,788 |
23,384 |
|
|
Total assets |
71,292 |
82,311 |
78,863 |
83,091 |
|
|
LIABILITIES |
|||||
|
Payables |
|||||
|
Suppliers |
2,897 |
4,808 |
3,519 |
4,808 |
|
|
Other payables |
3.3A |
267 |
244 |
38 |
66 |
|
Permit bonds |
3.3B |
1,047 |
330 |
306 |
330 |
|
Total payables |
4,211 |
5,382 |
3,863 |
5,204 |
|
|
Provisions |
|||||
|
Employee provisions |
6.1A |
7,485 |
8,529 |
6,535 |
8,707 |
|
Provision for Douglas Shoal remediation |
3.4A |
29,117 |
30,720 |
33,590 |
30,720 |
|
Total provisions |
36,602 |
39,249 |
40,125 |
39,427 |
|
|
Total liabilities |
40,813 |
44,631 |
43,988 |
44,631 |
|
|
Net assets |
30,479 |
37,680 |
34,875 |
38,460 |
|
|
EQUITY |
|||||
|
Contributed equity |
28,244 |
26,163 |
28,241 |
28,242 |
|
|
Reserves |
2,497 |
13,218 |
13,168 |
13,219 |
|
|
Accumulated deficit |
(262) |
(1,701) |
(6,534) |
(3,001) |
|
|
Total equity |
30,479 |
37,680 |
34,875 |
38,460 |
The above statement should be read in conjunction with the accompanying notes.
|
Statement of financial position |
Affected line items and statement |
|---|---|
|
Assets |
|
|
Trade and other receivables $3.747m (19%) more than budget, primarily due to the increase in unspent annual appropriations as per note 5.1. |
Financial Assets - Trade and other receivables |
|
Departmental Non-Financial Assets were subject to a comprehensive independent valuation which contributed to a $11.850m reduction to the carrying value of buildings. See note 3.2A for further details. |
Non-Financial Assets - Buildings |
|
Liabilities |
|
|
Douglas Shoal provision $4.473m (13%) less than budget, due to recalculation of the provision and the expenditure to date, as per note 3.4. |
Provisions - Douglas Shoal remediation |
|
Equity |
|
|
Departmental Non-Financial Assets were subject to a comprehensive independent valuation which resulted in a reduction to the total fair value of $10.721m. Combined with the increase of $0.050m in 2017-18, reserves have now decreased $10.671m |
Equity - reserves |
|
Recorded $6.271m (96%) more than budget in accumulated deficit, primarily due to supplier underspends in 2018-19, as per the Statement of Comprehensive Income, and suppliers underspends in 2017-18 that contributed to the additional $5.669m surplus in the prior year, post the 2018-19 budget finalisation. |
Equity - Accumulated deficit |
Visit
https://www.transparency.gov.au/annual-reports/great-barrier-reef-marine-park-authority/reporting-year/2018-2019-42