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
Visit
https://www.transparency.gov.au/annual-reports/ip-australia/reporting-year/2019-20-20