Statement of financial position

Annual Report 2012/13

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

Explanations of major variances against the Main Estimates are detailed in Note 20.

Actual 2011/12		Notes	Actual 2012/13	Supp. Estimates 2012/13	Main Estimates 2012/13
$000			$000	$000	$000
	Current assets
5,479	Cash and cash equivalents		3,731	4,053	2,394
841	Prepayments		334	400	185
1,207	Work in progress		2,112	1,200	1,800
6,752	Debtors and other receivables	8	5,667	5,650	5,794
14,279	Total current assets		11,844	11,303	10,173
	Non-current assets
1,593	Plant and equipment	9	4,209	4,765	4,692
659	Intangible assets	10	692	1,108	1,108
2,252	Total non-current assets		4,901	5,873	5,800
16,531	Total assets		16,745	17,176	15,973
	Current liabilities
5,442	Creditors and other payables	11	4,789	5,331	5,161
1,449	Repayment of surplus	12	929	-	-
209	Provisions	13	-	209	-
4,842	Employee entitlements	14	4,245	4,818	3,994
11,942	Total current liabilities		9,963	10,358	9,155
	Non-current liabilities
568	Employee entitlements	14	561	597	597
568	Total non-current liabilities		561	597	597
12,510	Total liabilities		10,524	10,955	9,752
4,021	Net assets		6,221	6,221	6,221
	Taxpayers' funds
4,021	General funds		6,221	6,221	6,221
4,021	Total taxpayers' funds		6,221	6,221	6,221

The accompanying notes form part of these financial statements.