Statement of financial position

Statement of financial position as at 30 June 2024
  Notes 2024
$'000
2023
$'000
Original Budget
$'000
ASSETS
Financial assets
Cash and cash equivalents 2.1A 213 226 204
Trade and other receivables 2.1B 13,638 14,313 15,773
Total financial assets 13,851 14,539 15,977
Non-financial assets
Plant and equipment 2.2 1,948 2,051 2,066
Intangibles 2.2 57 99 73
Inventories 124 122 118
Prepayments 282 257 226
Total non-financial assets 2,411 2,529 2,483
Total assets 16,262 17,068 18,460
LIABILITIES
Payables
Suppliers 2.3A 429 317 139
Other payables 2.3A 750 781 606
Total payables 1,179 1,098 745
Interest bearing liabilities
Leases 2.3B 32 50 30
Total interest bearing liabilities 32 50 30
Provisions
Employee provisions 3A 7,608 7,414 7,118
Total provisions 7,608 7,414 7,118
Total liabilities 8,819 8,562 7,893
Net assets 7,443 8,506 10,567
EQUITY
Contributed equity 3,260 2,967 3,260
Reserves 11,495 11,495 11,495
Accumulated deficit (7,312) (5,956) (4,188)
Total equity 7,443 8,506 10,567

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

Original budget figures are those published in the department's 2023-24 Portfolio Budget Statements.