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Financial Position

As at 30 June 2020, NQWIA had net equity of $1,010k, reflecting $1,520k of assets
and $510k of liabilities.

Table 2 NQWIA expenses for outcome 1 in 2019–20

Outcome 1: Progress the development of water resource projects in North
Queensland, through strategic planning and coordination of information sharing
among relevant regulatory authorities and stakeholders.

1 Departmental appropriation combines ordinary annual services (Appropriation Act No. 1) and retained revenue receipts under section 74 of the PGPA Act.

2 Includes audit services received free of charge.

3 The budget excludes $0.355 million appropriated in 2019–20 for expenses relating to prior year.