Statement of financial position
Notes | 2020 $’000 | 2019 $’000 | Budget $’000 | |
Assets | ||||
Financial assets | ||||
Cash and cash equivalents | 68,661 | 13,640 | 18,823 | |
Trade and other receivables | 6,588 | 8,819 | 6,533 | |
Total financial assets | 75,249 | 22,459 | 25,356 | |
Non-financial assets | ||||
Buildings - Right-of-use assets | 9,651 | — | — | |
Leasehold improvements | 2,363 | 3,011 | 1,999 | |
Plant and equipment | 841 | 1,381 | 1,732 | |
Intangibles | 2,906 | 7,703 | 8,568 | |
Other non-financial assets | 2,559 | 5,536 | 4,998 | |
Total non-financial assets | 18,319 | 17,631 | 17,297 | |
Total assets | 93,568 | 40,090 | 42,653 | |
Liabilities | ||||
Payables | ||||
Suppliers | 11,440 | 6,770 | 9,870 | |
Other payables | 4,238 | 7,083 | 7,642 | |
Total payables | 15,678 | 13,853 | 17,512 | |
Interest bearing liabilities | ||||
Leases - Buildings | 9,959 | — | — | |
Total interest bearing liabilities | 9,959 | — | — | |
Provisions | ||||
Employee provisions | 4,614 | 4,177 | 4,254 | |
Provision for restoration | 1,071 | 1,069 | 674 | |
Total provisions | 5,685 | 5,246 | 4,928 | |
Total liabilities | 31,322 | 19,099 | 22,440 | |
Net assets | 62,247 | 20,991 | 20,213 | |
Equity | ||||
Contributed equity | 1,543 | 1,543 | 1,543 | |
Reserves | 3,244 | 3,063 | 2,484 | |
Retained surplus | 57,460 | 16,385 | 16,186 | |
Total equity | 62,247 | 20,991 | 20,213 |
The above statement should be read in conjunction with the accompanying notes.
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https://www.transparency.gov.au/annual-reports/tourism-australia/reporting-year/2019-20-113