Statement of financial position

Department of the Senate

Statement of financial position

as at 30 June 2015

  Notes 2015
$'000
2014
$'000
ASSETS
Financial assets
Cash and cash equivalents   438 303
Trade and other receivables 7 10,963 12,147
Total financial assets   11,401 12,450
Non-financial assets
Property, plant and equipment 8A,C 1,695 1,251
Intangibles 8B,C 3,030 2,766
Inventories   48 45
Prepayments   191 229
Total non-financial assets   4,964 4,291
TOTAL ASSETS   16,365 16,741
LIABILITIES
Payables
Suppliers 9A 185 356
Other payables 9B 753 685
Total payables   938 1,041
Provisions
Employee provisions 9C 4,971 4,754
Total provisions   4,971 4,754
Total liabilities   5,909 5,795
Net assets   10,456 10,946
EQUITY
Contributed equity   1,818 1,448
Reserve   11,388 11,038
Retained surplus/(accumulated deficit)   (2,750) (1,540)
Total Equity   10,456 10,946

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