Statement of financial position

for the year ended 30 June 2014

Annual Report 2013/14.

This statement reports total assets and liabilities. The difference between the total assets and total liabilities is called equity. Explanations of significant variances against the Main Estimates are detailed in Note 21.

Notes Actual
2013/14
Actual
2012/13
Main
Estimates
2013/14
Supplementary
Estimates
2013/14
Main
Estimates
2014/15
  $000 $000 $000* $000* $000*
Current assets
Cash and cash equivalents 3,348 3,731 4,515 3,195 4,363
Prepayments 449 334 400 334 334
Work in progress 1,687 2,112 1,200 2,000 1,200
Debtors and other receivables 8 6,470 5,667 5,650 5,000 6,000
Total current assets 11,954 11,844 11,765 10,529 11,897
Non-current assets
Plant and equipment 9 4,057 4,209 4,411 4,196 3,888
Intangible assets 10 565 692 907 668 652
Total non-current assets 4,622 4,901 5,318 4,864 4,540
Total assets 16,576 16,745 17,083 15,393 16,437
Current liabilities
Creditors and other payables 11 4,688 4,789 5,339 4,410 5,360
Repayment of surplus due to Crown 12 455 929 - - -
Employee entitlements 13 4,095 4,245 4,914 4,190 4,273
Total current liabilities 9,238 9,963 10,253 8,600 9,633
Non-current liabilities
Employee entitlements 13 549 561 609 572 583
Income in advance 34 - - - -
Total non-current liabilities 583 561 609 572 583
Total liabilities 9,821 10,524 10,862 9,172 10,216
Net assets 6,755 6,221 6,221 6,221 6,221
Equity
Taxpayers' funds 14 6,221 6,221 6,221 6,221 6,221
Memorandum account 20 534 - - - -
Total equity 6,755 6,221 6,221 6,221 6,221

* All Estimates information is unaudited.

The accompanying notes form part of these financial statements.

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