Statement of financial position
Actual | Actual | Original Budget | ||
Notes | 2020 | 2019 | ||
ASSETS | $'000 | $'000 | $'000 | |
Financial Assets | ||||
Cash and cash equivalents | 505 | 603 | 486 | |
Trade and other receivables | 6A | 13,446 | 11,271 | 8,228 |
Total financial assets | 13,951 | 11,874 | 8,714 | |
Non-Financial Assets1 | ||||
Property | 7 | 53,656 | 10,505 | 16,653 |
Plant and equipment | 7 | 2,984 | 2,810 | 4,868 |
Intangibles | 7 | 3,555 | 3,277 | 2,646 |
Prepayments | 1,893 | 1,227 | 2,952 | |
Total non-financial assets | 62,088 | 17,819 | 27,119 | |
Total assets | 76,039 | 29,693 | 35,833 | |
LIABILITIES | ||||
Payables | ||||
Suppliers | 3,596 | 3,474 | 3,739 | |
Leases Incentives2 | - | 8,427 | 9,975 | |
Other | 8A | 853 | 2,569 | 886 |
Total payables | 4,449 | 14,470 | 14,600 | |
Provisions | ||||
Employee leave provisions | 17,354 | 16,465 | 16,437 | |
Other | 9A | 989 | 811 | 1,114 |
Total provisions | 18,343 | 17,276 | 17,551 | |
Interest bearing liabilities | ||||
Leases | 10A | 44,288 | - | - |
Total interest bearing liabilities | 44,288 | - | - | |
Total Liabilities | 67,080 | 31,746 | 32,151 | |
Net Assets | 8,959 | (2,053) | 3,682 | |
EQUITY | ||||
Contributed equity | 20,213 | 16,010 | 21,665 | |
Reserve | 18,491 | 18,491 | 18,491 | |
Accumulated deficit | (29,745) | (36,554) | (36,474) | |
Total Equity | 8,959 | (2,053) | 3,682 |
1.Right-of-use assets are included in the Property and Plant and equipment line items.
2.The CDPP has applied AASB 16 using the modified retrospective approach and therefore the comparative information has not been restated and continues to be reported under AASB 117.
The above statement should be read in conjunction with the accompanying notes.
Budget Variances Commentary
Assets
The implementation of AASB 16 Leases, resulted in an additional $41.3m in right-of-use non-financial assets.
Appropriations receivable were higher than budgeted as a result of a small surplus (Note 3).
Liabilities
The implementation of AASB 16 Leases, resulted in an additional $44.3m in lease liabilities. Lease incentives (budget $10.0m) were written off to accumulated results on implementation of AASB 16.
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https://www.transparency.gov.au/annual-reports/office-director-public-prosecutions/reporting-year/2019-20-48