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Statement of Financial Position

For the period ended 30 June 2020

2020

$'000

2019

$'000

Original Budget1

$'000

ASSETS

Financial Assets

Cash and cash equivalents

2.1A

22,992

45,209

53,974

Trade and other receivables

2.1B

1,574

2,972

2,558

Total financial assets

24,566

48,181

56,532

Non-financial assets

Prepayments

7,367

6,274

5,402

Leasehold improvements2

2.2A

183,511

35,433

34,742

Plant and equipment2

2.2A

7,562

8,444

10,266

Intangibles

2.2A

107,211

98,985

92,139

Total non-financial assets

305,651

149,316

142,549

Total assets

330,217

197,317

199,081

LIABILITIES

Suppliers

2.3A

7,128

15,680

21,120

Other payables

2.3B

45,330

37,688

31,863

Total payables

52,458

53,368

52,983

Interest bearing liabilities

Leases

2.4A

152,014

-

-

Total interest bearing liabilities

152,014

-

-

Provisions

Employee provisions

2.5A

48,227

46,062

40,113

Total provisions

48,227

46,062

40,113

Total liabilities

252,699

99,430

93,096

Net assets

77,518

97,887

105,985

EQUITY

Contributed equity

5,908

5,908

5,908

Reserves

1,947

1,947

1,946

Retained surplus

69,663

90,032

98,131

Total equity

77,518

97,887

105,985

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

1Budget reported in the 2019-20 Portfolio Budget Statements published in May 2019.

Explanations of major variances are provided in Note 1.

2Right-of-use assets are included in the following line items:

Leasehold improvements Note 2.2A

Plant and equipment Note 2.2A