Statement of financial position

as at 30 June 2016

  Notes 2016
$'000
2015
$'000
Original
Budget 1
$'000
ASSETS
Financial assets
Cash and cash equivalents   160 438 303
Trade and other receivables 4 9,985 10,963 10,277
Total financial assets   10,145 11,401 10,580
Non-financial assets
Property, plant and equipment 5 1,619 1,695 2,414
Intangibles 5 2,787 3,030 3,136
Inventories   57 48 45
Prepayments   182 191 229
Total non-financial assets   4,645 4,964 5,824
Total assets   14,790 16,365 16,404
LIABILITIES
Payables
Suppliers   258 185 356
Other payables   149 753 -
Total payables   407 938 356
Provisions
Employee provisions 2   5,838 4,971 5,439
Total provisions   5,838 4,971 5,439
Total liabilities   6,245 5,909 5,795
Net assets   8,545 10,456 10,609
EQUITY
Contributed equity   2,185 1,818 2,185
Reserve   11,388 11,388 11,038
Retained (accumulated deficit)   (5,028) (2,750) (2,614)
Total Equity   8,545 10,456 10,609

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

  1. The department's original budgeted financial statement presented to the Parliament in the 2015–16 Portfolio Budget Statements. Refer to Note 10 for budget variance explanations.
  2. $1.221 million (2015: $1.231 million) of employee provisions are expected to be settled in no more than 12 months and $4.617 million (2015: $3.740 million) in greater than 12 months.
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