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Financial Statements

Statement of Comprehensive income for the year ended 30 June 2018

Notes

2018

$'000

2017

$'000

Original Budget

$'000

NET COST OF SERVICES

Expenses

Employee benefits

2A

2,746

2,454

2,349

Suppliers

2B

2,552

2,207

3,548

TOTAL EXPENSES

5,298

4,661

5,897

OWN–SOURCE INCOME

Own–source revenue

Resources received free of charge

3A

90

90

Total own–source revenue

90

90

Gains

Other

53

Total gains

53

TOTAL OWN–SOURCE INCOME

90

90

53

NET COST OF SERVICES

5,208

4,571

5,844

Revenue from Government

3B

5,844

4,307

5,844,

SURPLUS/(DEFICIT) ATTRIBUTABLE TO THE AUSTRALIAN GOVERNMENT

635

(264)

OTHER COMPREHENSIVE INCOME

TOTAL COMPREHENSIVE INCOME/ (LOSS) ATTRIBUTABLE TO THE AUSTRALIAN GOVERNMENT

635

(264)

Statement of Financial Position as at 30 June 2018

Notes

2018

$'000

2017

$'000

Original Budget

$'000

ASSETS

Financial Assets

Cash and cash equivalents

4A

25

25

25

Trade and other receivables

4B

2,516

1,451

1,501

Total financial assets

2,542

1,476

1,526

Non–Financial Assets

Internally developed software — WIP at cost

5

323

167

Total non–financial assets

323

167

TOTAL ASSETS

2,865

1,644

1,526

LIABILITIES

Payables

Suppliers

6A

657

243

510

Other payables

6B

89

18

54

Total payables

747

261

564

Provisions

Employee provisions

7

694

595

409

Total provisions

694

595

409

TOTAL LIABILITIES

1,442

856

973

NET ASSETS

1,423

788

553

EQUITY

Retained surplus

1,423

788

553

TOTAL EQUITY

1,423

788

553

Statement of Changes in Equity for the year ended 30 June 2018

Retained earnings

Total equity

Original Budget

$'000

2018

$'000

2017

$'000

2018

$'000

2017

$'000

Opening balance

Balance carried forward from previous period

788

1,052

788

1,052

553

Adjusted opening balance

788

1,052

788

1,052

553

Comprehensive income

Surplus/(deficit) for the period

635

(264)

635

(264)

TOTAL COMPREHENSIVE INCOME

635

(264)

635

(264)

1,423

788

1,423

788

553

CLOSING BALANCE ATTRIBUTABLE TO THE AUSTRALIAN GOVERNMENT

1,423

788

1,423

788

553

Cash Flow Statement for the year ended 30 June 2018

Notes

2018

$'000

2017

$'000

Original Budget

$'000

OPERATING ACTIVITIES

Cash received

Appropriations

4,898

4,856

5,844

Net GST received

152

175

152

Other

29

83

Total cash received

5,080

5,115

5,996

Cash used

Employees

2,641

2,234

2,337

Suppliers

2,100

2,453

3,507

Section 74 receipts transferred to OPA

181

259

3,507

Total cash used

4,923

4,947

9,351

NET CASH FROM OPERATING ACTIVITIES

156

168

3,355

INVESTING ACTIVITIES

Cash used

Purchase of intangibles, plant and equipment

155

167

Total cash used

155

167

NET CASH USED BY INVESTING ACTIVITIES

(155)

(167)

NET INCREASE IN CASH HELD

.534

.444

3,355

Cash and cash equivalents at the beginning of the reporting period

25

25

25

CASH AND CASH EQUIVALENTS AT THE END OF THE REPORTING PERIOD

4A

25

25

3,380