Go to top of page

Primary financial statements

Statement of Comprehensive Income

for the year ended 30 June 2020

Notes

2020

$'000

2019

$'000

Original Budget

$'000

NET COST OF SERVICES

Expenses

Employee benefits

1.1A

26,821

16,094

28,542

Suppliers

1.1B

14,765

9,120

21,326

Depreciation and amortisation

3.2A

4,085

954

613

Finance costs

1.1C

200

42

-

Payments for service delivery

10,119

4,271

-

Write-down and impairment of other assets

3.5A

313

-

-

Total expenses

56,303

30,481

50,481

Own-Source Income

Own-source revenue

Other revenue

1.2A

5,128

73

-

Total own-source revenue

5,128

73

-

Gains

Other gains

1.2B

105

-

-

Total gains

105

-

-

Total own-source Income

5,233

73

-

Net cost of services

(51,070)

(30,408)

(50,481)

Revenue from Government

1.2C

49,615

35,122

49,868

(Loss)/Income

(1,455)

4,714

(613)

Total comprehensive (Loss)/Income

(1,455)

4,714

(613)

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

For budgetary reporting information refer to Note 8.3A.

Statement of Financial Position

as at 30 June 2020

Notes

2020

$'000

2019

$'000

Original

$'000

ASSETS

Financial Assets

Cash and cash equivalents

3.1A

329

380

581

Trade and other receivables

3.1B

14,704

12,948

1,114

Total financial assets

15,033

13,328

1,695

Non-Financial Assets1

Leasehold improvements

3.2A

8,320

6,392

1,954

Buildings

3.2A

17,012

-

-

Plant and equipment

3.2A

1,294

1,085

-

Other non-financial assets

3.2B

15

179

-

Total non-financial assets

26,641

7,656

1,954

Total assets

41,674

20,984

3,649

LIABILITIES

Payables

Suppliers

3.3A

799

1,994

581

Other payables

3.3B

525

2,062

-

Total payables

1,324

4,056

581

Provisions

Employee provisions

6.1A

5,121

4,204

1,114

Other provisions

3.5A

821

412

-

Total provisions

5,942

4,616

1,114

Interest Bearing Liabilities

Leases

3.4A

17,216

-

-

Total interest bearing liabilities

17,216

-

-

Total liabilities

24,482

8,672

1,695

Net assets

17,192

12,312

1,954

EQUITY

Contributed equity

11,667

7,598

3,067

Retained surplus

5,525

4,714

(1,113)

Total equity

17,192

12,312

1,954

  1. Right-of-use (ROU) assets are included in the following line items:
  • Buildings - the total amount reported under buildings is ROU assets.

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

​For budgetary reporting information refer to Note 8.3A: Departmental Major Budget Variances for 2020

Statement of Changes in Equity

for the year ended 30 June 2020

Notes

2020

$'000

2019

$'000

Original Budget $'000

CONTRIBUTED EQUITY

Opening balance

7,598

-

1,998

Transactions with owners

Contributions by owners

Equity injection

4,069

2,498

569

Restructuring

8.2A

-

5,100

-

Total transactions with owners

4,069

7,598

569

Closing balance as at 30 June

11,667

7,598

2,567

RETAINED EARNINGS

Opening balance

4,714

-

-

Adjustment on initial application of AASB 16

1,738

-

-

Comprehensive income

Surplus/(Deficit) for the period

(927)

4,714

(613)

Total comprehensive income

(927)

4,714

(613)

Closing balance as at 30 June

5,525

4,714

(613)

TOTAL EQUITY

Opening balance

12,312

-

1,998

Adjustment on initial application of AASB 16

1,738

-

-

Comprehensive income

Surplus/(Deficit) for the period

(927)

4,714

(613)

Total comprehensive income

(927)

4,714

(613)

Transactions with owners

Contributions by owners

Equity injection

4,069

2,498

569

Restructuring

8.2A

-

5,100

-

Total transactions with owners

4,069

7,598

569

-

Closing balance as at 30 June

17,192

12,312

1,954

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

For budgetary reporting information refer to Note 8.3A: Departmental Major Budget Variances for 2020.

Accounting Policy

Equity injections

Amounts appropriated which are designated as 'equity injections' for a year (less any formal reductions) and Departmental Capital Budgets (DCBs) are recognised directly in contributed equity in that year.

Restructuring of Administered Arrangements

Net assets received from, or relinquished to another Government entity under a restructuring of administrative arrangements are adjusted at their book value directly against contributed equity.

Cash Flow Statement

for the year ended 30 June 2020

Notes

2020

$'000

2019

$'000

Original

OPERATING ACTIVITIES

Cash received

Appropriations

48,317

27,021

49,548

GST received

1,890

671

-

Section 74 cash received

5,923

815

-

Total cash received

56,130

28,507

49,548

Cash used

Employees

(25,769)

(13,560)

(28,222)

Suppliers

(22,013)

(13,361)

(21,164)

Interest payments on lease liabilities

(194)

-

-

Section 74 receipts transferred to OPA

(5,923)

(1,206)

-

Total cash used

(53,899)

(28,127)

(49,386)

Net cash from operating activities

2,231

380

162

INVESTING ACTIVITIES

Cash used

Purchase of leasehold improvements

(3,085)

(1,368)

-

Purchase of property, plant and equipment

(621)

(801)

(569)

Total cash used

(3,706)

(2,169)

(569)

Net cash used by investing activities

(3,706)

(2,169)

(569)

FINANCING ACTIVITIES

Cash received

Contributed equity

3,706

2,169

569

Total cash received

3,706

2,169

569

Cash used

Principal payments of lease liabilities

(2,282)

-

-

Total cash used

(2,282)

-

-

Net cash from financing activities

1,424

2,169

569

Net increase/(decrease) in cash held

(51)

380

162

Cash and cash equivalents at the beginning of the reporting period

380

-

419

Cash and cash equivalents at the end of the reporting period

3.1A

329

380

581

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

For budgetary reporting information refer to Note 8.3A

Administered Schedule of Comprehensive Income

for the year ended 30 June 2020

Administered Schedule of Comprehensive Income

Notes

2020

$'000

2019

$'000

Original Budget

$'000

NET COST OF SERVICES

Expenses

Suppliers

2.1A

341

931

-

Grants

2.1B

4,783

3,899

4,383

Total expenses

5,124

4,830

4,383

Income

Fines and penalties

2.2A

13

-

-

Total Income

13

-

-

Net cost of services

(5,111)

(4,830)

(4,383)

Deficit

(5,111)

(4,830)

(4,383)

Total comprehensive loss

(5,111)

(4,830)

(4,383)

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

For budgetary reporting information refer to Note 8.3B

Administered Schedule of Assets and Liabilities

as at 30 June 2020

Administered Schedule of Assets and Liabilities

Notes

2020

$'000

2019

$'000

Original Budget

$'000

Assets

Financial assets

Trade and other receivables

4.1A

211

428

-

Total financial assets

211

428

-

Total assets administered on behalf of government

211

428

-

LIABILITIES

Payables

Suppliers payable

4.2A

97

444

-

Grants payable

-

-

876

Total payables

97

444

876

Total liabilities administered on behalf of government

97

444

876

Net Assets/(Liabilities)

114

(16)

(876)

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

For budgetary reporting information refer to Note 8.3B.

Administered Reconciliation Schedule

for the year ended 30 June 2020

Administered Reconciliation Schedule

Notes

2020

$'000

2019

$'000

Opening assets less liabilities as at 1 July

(16)

-

Adjusted opening assets less liabilities

(16)

-

Net cost of services

Income

13

-

Expenses

(5,124)

(4,830)

Transfers (to)/from the Australian Government

Appropriation transfers from the Official Public Account

Annual appropriations

Payments to entities other than corporate Commonwealth entities

5,968

4,847

Appropriation transfers to the Official Public Account

GST receipts transferred to the Official Public Account

(714)

(33)

Administered receipts transferred to the Official Public Account

(13)

-

Closing assets less liabilities as at 30 June

114

(16)

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

For budgetary reporting information refer to Note 8.3B

Accounting Policy

Administered cash transfers to and from the Official Public Account

Revenue collected by the entity for use by the Government rather than the entity is administered revenue. Collections are transferred to the Official Public Account (OPA) maintained by the Department of Finance. Conversely, cash is drawn from the OPA to make payments under Parliamentary appropriation on behalf of the Government. These transfers to and from the OPA are adjustments to the administered cash held by the entity on behalf of the Government and reported as such in the schedule of administered cash flows and in the administered reconciliation schedule.

Administered Cash Flow Statement

for the year ended 30 June 2020

Administered Cash Flow Statement

Notes

2020

$'000

2019

$'000

Original Budget

$'000

OPERATING ACTIVITIES

Cash received

GST Received

714

33

-

Fines and penalties

13

-

-

Total cash received

727

33

-

Cash used

Suppliers

(707)

(558)

(297)

Grants

(5,261)

(4,289)

(4,372)

Total cash used

(5,968)

(4,847)

(4,669)

Net cash used by operating activities

(5,241)

(4,814)

(4,669)

Net decrease in cash held

(5,241)

(4,814)

(4,669)

Cash and cash equivalents at the beginning of period

-

-

-

Cash from Official Public Account

- Appropriations

5,968

4,847

4,669

Total cash from Official Public Account

5,968

4,847

4,669

Cash to the Official Public Account for

- Appropriations

(727)

(33)

-

Total cash to official public account

(727)

(33)

-

Cash and cash equivalents at the end of the reporting period

-

-

-

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

For budgetary reporting information refer to Note 8.3B.