Statement of Financial Position
as at 30 June 2020 | |||||
2020 | 2019 | Original Budget | |||
Notes | $ | $ | $ | ||
ASSETS | |||||
Financial assets | |||||
Cash and cash equivalents | 3.1A | 122,977 | - | 342,000 | |
Trade and other receivables | 3.1B | 4,391,080 | 3,381,000 | 1,172,000 | |
Total financial assets | 4,514,057 | 3,381,000 | 1,514,000 | ||
Non-financial assets | |||||
Building - Right of use asset | 3.2 | 2,322,076 | - | 1,364,000 | |
Leasehold improvements | 3.2 | 809,800 | 1,106,472 | - | |
Plant and equipment | 3.2 | 24,519 | 15,613 | 46,000 | |
Computer software | 3.2 | - | - | 150,000 | |
Prepayments | 1,901 | 79,142 | 409,000 | ||
Total non-financial assets | 3,158,296 | 1,201,227 | 1,969,000 | ||
Total assets | 7,672,353 | 4,582,227 | 3,483,000 | ||
LIABILITIES | |||||
Payables | |||||
Suppliers1 | 3.3A | 606,824 | 506,369 | 52,000 | |
Other payables | 3.3B | 112,705 | 1,455,888 | 1,056,000 | |
Total payables | 719,529 | 1,962,257 | 1,108,000 | ||
Interest bearing liabilities | |||||
Leases | 3.4 | 2,307,149 | - | - | |
Total interest bearing liabilities | 2,307,149 | - | - | ||
Provisions | |||||
Employee provisions | 6.1 | 849,559 | 484,035 | 453,000 | |
Other provisions | 3.5 | 70,110 | 70,110 | 70,000 | |
Total provisions | 919,669 | 554,145 | 523,000 | ||
Total liabilities | 3,946,347 | 2,516,402 | 1,631,000 | ||
Net assets | 3,726,006 | 2,065,826 | 1,852,000 | ||
EQUITY | |||||
Contributed equity | 437,466 | 413,466 | 471,000 | ||
Retained surplus | 3,288,540 | 1,652,360 | 1,381,000 | ||
Total equity | 3,726,006 | 2,065,826 | 1,852,000 | ||
The above statement should be read in conjunction with the accompanying notes. | |||||
For Budgetary reporting information refer to Note 9. The original budget is the budget published in the 2019-20 Portfolio Budget Statements. The budget statement information has been reclassified and presented on a consistent basis with the corresponding financial statement items. | |||||
1The 2019 comparatives for these balances have been restated, refer the overview for further details. | |||||
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https://www.transparency.gov.au/annual-reports/national-mental-health-commission/reporting-year/2019-20-33