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National Health Funding Body Annual Report 2018–19

Financial Statements

Statement of Comprehensive Income for the year ended 30 June 2019
NET COST OF SERVICES
	Notes	2019 $	2018 $	Original Budget $
Expenses
Employee benefits	2A	3,132,382	2,715,457	2,451,000
Suppliers	2B	2,177,528	2,583,329	3,019,000
Depreciation and amortisation	5A	24,900	–	–
Total Expenses		5,334,810	5,298,787	5,470,000
OWN–SOURCE INCOME
Own–source revenue
Resources received free of charge	3A	90,000	90,000	92,000
Total own–source revenue		90,000	90,000	92,000
Total own–source income		90,000	90,000	92,000
Net cost of services		5,224,810	5,208,787	5,378,000
Revenue from Government	3B	5,378,000	5,844,000	5,378,000
Surplus/(deficit) attributable to the Australian Government		133,190	635,213	–
OTHER COMPREHENSIVE INCOME
Total comprehensive income/(loss) attributable to the Australian Government		133,190	635,213	–

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

Statement of Financial Position as at 30 June 2019
ASSETS
	Notes	2019 $	2018 $	Original Budget $
Financial Assets
Cash and cash equivalents	4A	30,777	25,978	25,000
Trade and other receivables	4B	1,362,963	2,516,301	1,339,000
Total financial assets		1,393,740	2,542,279	1,364,000
Non–Financial Assets
Computer Software	5A	1,607,086	323,700	305,000
Total non-financial assets		1,607,087	323,700	305,000
Total assets		3,000,826	2,865,980	1,669,000
LIABILITIES
Payables
Suppliers	6A	474,804	657,959	244,000
Other payables	6B	31,814	89,817	18,000
Total payables		506,618	747,776	262,000
Provisions
Employee provisions	7A	937,660	694,846	619,000
Total provisions		937,660	694,846	619,000
Total liabilities		1,444,278	1,442,622	881,000
Net assets		1,556,548	1,423,358	788,000
EQUITY
Retained surplus/ (Accumulated deficit)		1,556,548	1,423,358	788,000
Total equity		1,556,548	1,423,358	788,000

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

Statement of Changes in Equity for the year ended 30 June 2019
	Retained earnings		Total equity		Original Budget
	Retained earnings		Total equity
	2019	2018	2019	2018
	$	$	$	$	$
Opening balance
Balance carried forward from previous period	1,423,358	788,144	1,423,358	788,144	-
Adjusted opening balance	1,423,358	788,144	1,423,358	788,144	-
Comprehensive income
Surplus/(Deficit) for the period	133,190	635,214	133,190	635,214	788,000
TOTAL COMPREHENSIVE INCOME	133,190	635,214	133,190	635,214	788,000
CLOSING BALANCE AS AT 30 JUNE	1,556,548	1,423,358	1,556,548	1,423,358	788,000
CLOSING BALANCE ATTRIBUTABLE TO THE AUSTRALIAN GOVERNMENT	1,556,548	1,423,358	1,556,548	1,423,358	788,000

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

Cash Flow Statement for the year ended 30 June 2019
OPERATING ACTIVITIES
	Notes	2019	2018	Original Budget
	Notes	$	$	$
Cash received
Appropriations		6,781,065	4,927,843	5,366,000
GST received		291,313	152,408	-
Total cash received		7,072,378	5,080,251	5,366,000
Cash used
Employees		3,081,165	2,641,776	2,439,000
Suppliers		2,395,510	2,100,222	2,927,000
Section 74 receipts transferred to the Official Public Acount	14A	391,251	181,777	-
Total cash used		5,867,926	4,923,775	5,366,000
NET CASH FROM OPERATING ACTIVITIES		1,204,452	156,476	-
INVESTING ACTIVITIES
Cash used
Work in Progress Software		1,199,653	155,942
Total cash used		1,199,653	155,942
NET CASH USED BY INVESTING ACTIVITIES		(1,199,653)	(155,942)
NET INCREASE IN CASH HELD		4,799	534
Cash and cash equivalents at the beginning of the reporting period		25,978	25,444	25,000
CASH AND CASH EQUIVALENTS AT THE END OF THE REPORTING PERIOD	4A	30,777	25,978	25,000

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

https://www.transparency.gov.au/annual-reports/national-health-funding-body/reporting-year/2018-2019-31