Annual Report 2018-19
Published 17 October 2019Statements
Comprehensive operating statement
For the year ended 30 June 2019
|
|
|
2019 |
2018 |
|
|
Notes |
$ |
$ |
Income from transactions |
|
|
|
|
Grants |
2 |
24,972,374 |
24,056,688 |
|
Resources received free of charge |
|
377,165 |
259,581 |
|
Total income from transactions |
|
25,349,539 |
24,316,269 |
|
|
|||
Expenses from transactions |
|
|
|
|
Employee expenses |
3.1.1 |
14,722,716 |
15,323,564 |
|
Depreciation and amortisation |
5.1.1 |
35,374 |
187,836 |
|
Finance lease interest |
|
439 |
2,421 |
|
Capital asset charge |
|
84,067 |
2,053 |
|
Supplies and services |
3.2 |
8,711,830 |
8,513,930 |
Total expenses from transactions |
|
23,554,426 |
24,029,804 |
|
|
|||
Net result from transactions |
|
1,795,113 |
286,465 |
|
|
|||
Other economic flows included in net result |
|
|
|
|
Net gain/(loss) on disposal of non-financial assets |
9.1 |
(2,104) |
- |
|
Net gain/(loss) from revaluation of leave liabilities |
9.1 |
(132,714) |
3,539 |
|
|
|||
Total other economic flows included in net result |
|
(134,818) |
3,539 |
|
|
|||
Net result |
|
1,660,295 |
290,004 |
|
|
|||
Comprehensive result |
|
1,660,295 |
290,004 |
The above comprehensive operating statement should be read in conjunction with the accompanying notes.
Balance sheet – As at 30 June 2019
|
|
|
2019 |
2018 |
|
|
Notes |
$ |
$ |
Assets |
|
|
|
|
Financial assets |
|
|
|
|
Receivables |
6.1 |
18,484,210 |
16,868,993 |
|
Total financial assets |
|
18,484,210 |
16,868,993 |
|
|
|||
Non-financial assets |
|
|
|
|
Non-Current Assets held for sale |
|
27,082 |
- |
|
Prepayments |
|
449,882 |
527,411 |
|
Property, plant and equipment |
5.1 |
250,388 |
150,333 |
|
Total non-financial assets |
|
727,352 |
677,744 |
|
|
|||
Total assets |
|
19,211,562 |
17,546,737 |
|
|
|||
Liabilities |
|
|
|
|
Payables |
6.2 |
1,864,051 |
1,440,255 |
|
Employee related provisions |
3.1.2 |
3,367,217 |
3,770,767 |
|
Make Good provisions |
6.3 |
106,470 |
106,470 |
|
Finance lease liabilities |
|
42,995 |
58,711 |
Total liabilities |
|
5,380,733 |
5,376,203 |
|
|
|||
Net assets |
|
13,830,829 |
12,170,534 |
|
|
|||
Equity |
|
|
|
|
Contributed capital |
|
873,921 |
873,921 |
|
Accumulated surplus(a) |
|
12,956,908 |
11,296,613 |
|
Total equity |
|
13,830,829 |
12,170,534 |
|
(a) The accumulated surplus can only be accessed upon approval of the Treasurer. |
|||
The above balance sheet should be read in conjunction with the accompanying notes.
Cash flow statement – For the year ended 30 June 2019
|
|
|
2019 |
2018 |
|
|
Notes |
$ |
$ |
Cash flows from operating activities |
|
|
|
|
Receipts from Government |
|
24,096,364 |
23,835,168 |
|
Receipts from other entities |
|
36,260 |
- |
|
Payments to suppliers and employees |
|
(23,867,789) |
(23,797,129) |
|
Capital asset charge paid |
|
(84,067) |
(2,053) |
|
Interest paid |
|
(439) |
(2,421) |
Net cash flows from operating activities |
7.1 |
180,329 |
33,565 |
|
|
|||
Cash flows from investing activities |
|
|
|
|
Payments for property, plant and equipment |
|
(164,559) |
(13,059) |
|
Proceeds from sale of property, plant and equipment |
|
29,545 |
- |
Net cash flows from/(used in) investing activities |
|
(135,014) |
(13,059) |
|
|
|||
Cash flows from financing activities |
|
|
|
|
Repayment of finance leases |
|
(45,316) |
(20,506) |
Net cash flows (used in) financing activities |
|
(45,316) |
(20,506) |
|
|
|||
Net decrease in cash and cash equivalents |
|
- |
- |
|
|
|||
|
Cash and cash equivalents at the start of the year |
|
- |
- |
|
|
|||
Cash and cash equivalents at the end of the year |
|
- |
- |
The above cash flow statement should be read in conjunction with the accompanying notes.
Statement of changes in equity – For the year ended 30 June 2019
|
|
Contributed capital |
Accumulated surplus |
Total |
|
|
$ |
$ |
$ |
|
Balance at 1 July 2017 |
873,921 |
11,006,609 |
11,880,530 |
|
Net result for the year |
|
290,004 |
290,004 |
|
|
|||
|
Balance at 30 June 2018 |
873,921 |
11,296,613 |
12,170,534 |
|
|
|||
|
Net result for the year |
|
1,660,295 |
1,660,295 |
|
|
|||
Balance at 30 June 2019 |
873,921 |
12,956,908 |
13,830,829 |
The above statement of changes in equity should be read in conjunction with the accompanying notes.