Statement of financial position

Annual Report 2015/16.

as at 30 June 2016

This statement reports total assets and liabilities. The difference between the total assets and total liabilities is called equity.

NotesActual
2015/16
$000
Actual
2014/15
$000
Main Estimates
2015/16
$000*
Supplementary Estimates
2015/16
$000*
Main Estimates
2016/17
$000*
Current assets
Cash and cash equivalents 7 5,632 3,962 5,750 5,420 4,818
Receivables 8 6,979 8,793 5,750 5,750 5,750
Prepayments 579 446 449 446 446
Work in progress 9 1,848 1,562 2,000 2,000 2,000
Total current assets 15,038 14,763 13,949 13,616 13,014
Non-current assets
Property, plant and equipment 10 3,852 3,886 3,517 3,910 3,661
Intangible assets 11 526 620 1,031 779 672
Total non-current assets 4,378 4,506 4,548 4,689 4,333
Total assets 19,416 19,269 18,497 18,305 17,347
Current liabilities
Payables and deferred revenue 12 5,477 5,910 5,288 5,372 5,354
Repayment of surplus due to Crown 13 77 264 - - 18
Employee entitlements 14 3,910 3,967 4,161 3,948 4,027
Total current liabilities 9,464 10,141 9,449 9,320 9,399
Non-current liabilities
Employee entitlements 14 453 536 571 547 558
Income in advance 34 26 - - -
Total non-current liabilities 487 562 571 547 558
Total liabilities 9,951 10,703 10,020 9,867 9,957
Net assets 9,465 8,566 8,477 8,438 7,390
Equity
Taxpayers' funds 15 6,221 6,221 6,221 6,221 6,221
Memorandum account 21 3,244 2,345 2,256 2,217 1,169
Total equity 9,465 8,566 8,477 8,438 7,390

* All Estimates information is unaudited.

Explanations of significant variances against the Main Estimates are detailed in Note 22.

The accompanying notes form part of these financial statements.