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Statement of Financial Position

Table 17 Statement of Financial Position as at 30 June 2019

Notes

2019

2018

Original Budget

$'000

$'000

$'000

ASSETS

Financial Assets

Cash and Cash Equivalents

3.3A

10,090

9,018

4,505

Trade and Other Receivables

3.3B

570

408

287

Total Financial Assets

10,660

9,426

4,792

Non-Financial Assets

Heritage and cultural building

3.4A

93,041

77,342

81,167

Heritage and cultural collections

3.4A

8,450

8,089

8,281

Plant and equipment

3.4A

2,705

1,591

2,718

Intangibles

3.4A

403

318

1,181

Inventories

3.4B

36

31

-

Prepayments

81

48

29

Total Non-Financial Assets

104,716

87,419

93,376

Total Assets

115,376

96,845

98,168

LIABILITIES

Payables

Suppliers

3.5A

374

574

293

Other Payables

3.5B

318

374

278

Total Payables

690

948

571

Provisions

Employee Provisions

3.6A

2,055

1,973

1,976

Total Provisions

2,055

1,973

1,976

Total Liabilities

2,724

2,921

2,547

Net Assets

112,629

93,924

95,621

EQUITY

Contributed equity

68,655

65,233

104,703

Reserves

45,237

28,389

28,389

Retained surplus/(Accumulated deficit)

(1,263)

302

(37,471)

Total Equity

112,629

93,924

95,621

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