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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