Statement of financial position

Statement of financial position
as at 30 June 2017
Notes 2017
$'000
2016
$'000
Original Budget1
$'000
ASSETS
Financial assets
Cash and cash equivalents 157 160 200
Trade and other receivables 3 10,131 9,985 9,471
Total financial assets 10,288 10,145 9,671
Non-financial assets
Property, plant and equipment 4 2,064 1,619 3,194
Intangibles 4 2,190 2,787 2,667
Inventories 67 57 48
Prepayments 237 182 191
Total non-financial assets 4,558 4,644 6,100
Total assets 14,846 14,789 15,771
LIABILITIES
Payables
Suppliers 78 258 185
Other payables 202 149 -
Total payables 280 407 185
Provisions
Employee provisions 5,638 5,838 5,724
Total provisions 5,638 5,838 5,724
Total liabilities 5,918 6,245 5,909
Net assets 8,929 8,545 9,862
EQUITY
Contributed equity 3,079 2,185 3,079
Reserve 11,376 11,388 11,388
Retained surplus / (accumulated deficit) (5,526) (5,028) (4,605)
Total equity 8,929 8,545 9,862

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

  1. he department's original budgeted financial statement presented to the Parliament in the 2016–17 Portfolio Budget Statements. Refer to Note 7 for budget variance explanations.
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