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National Health Funding Body Statement of Financial Position as at 30 June 2020

National Health Funding Body Statement of Financial Position as at 30 June 2020

Notes

2020
$

2019
$

Original Budget
$

ASSETS

Financial Assets

Cash and Cash Equivalents

4A

433,723

30,777

26,000

Trade and Other Receivables

4B

1,148,306

1,362,963

1,025,000

TOTAL FINANCIAL ASSETS

1,582,029

1,393,740

1,051,000

Non-Financial Assets

Computer Software

5

2,205,809

1,607,086

1,329,000

Right-of-use Asset

5

1,977,497

Prepayments

41,559

TOTAL NON-FINANCIAL ASSETS

4,224,865

1,607,086

1,329,000

TOTAL ASSETS

5,806,894

3,000,826

2,380,000

LIABILITIES

Payables

Suppliers

6A

492,441

474,804

405,000

Other Payables

6B

136,481

31,814

13,000

Lease Liability

6C

2,003,373

TOTAL PAYABLES

2,632,295

506,618

418,000

Provisions

Employee Provisions

7A

863,377

937,660

784,000

Other Provisions

7B

10,500

TOTAL PROVISIONS

873,877

937,660

784,000

TOTAL LIABILITIES

3,506,172

1,444,278

1,202,000

NET ASSETS

2,300,722

1,556,548

1,178,000

Equity

Retained surplus/ (Accumulated deficit)

2,300,722

1,556,548

1,178,000

TOTAL EQUITY

2,300,722

1,556,548

1,178,000

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