Statement of financial position

Annual Report 2010/11.

This statement reports total assets and liabilities. The difference between the total assets and total liabilities is called taxpayers' funds.

Explanations of significant variances against the main Estimates are detailed in Note 19.

Actual 2010 $000		Notes	Actual 2011 $000	Supp. Estimates 2011 $000	Main Estimates 2011 $000
	Current assets
4,209	Cash and cash equivalents		4,283	2,848	3,271
178	Prepayments		255	180	205
2,125	Work in progress		1,886	2,200	2,201
5,488	Debtors and other receivables	8	6,003	5,440	4,514
12,000	Total current assets		12,427	10,668	10,191
	Non-current assets
1,227	Plant and equipment	9	1,304	1,412	1,604
1,038	Intangible assets	10	810	855	1,014
16	Long term receivables	8	0	0	0
2,281	Total non-current assets		2,114	2,267	2,618
14,281	Total assets		14,541	12,935	12,809
	Current liabilities
4,391	Creditors and other payables	11	5,047	4,666	4,165
2,014	Repayment of surplus	12	916	0	38
3,791	Employee entitlements	13	3,971	3,678	4,055
10,196	Total current liabilities		9,934	8,344	8,258
	Non-current liabilities
564	Employee entitlements	13	586	570	530
564	Total non-current liabilities		586	570	530
10,760	Total liabilities		10,520	8,914	8,788
3,521	Net assets		4,021	4,021	4,021
	Taxpayers' funds
3,521	General funds		4,021	4,021	4,021
3,521	Total taxpayers' funds		4,021	4,021	4,021

The accompanying notes form part of these financial statements.