Statement of financial position

Annual report 2020/21.

as at 30 June 2021

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

Notes Actual
2020/21
$000		 Actual
2019/20
$000		 Main Estimates
2020/21
$000*		 Supplementary Estimates
2020/21
$000*		 Main Estimates
2021/22
$000*
Assets
Current assets
Cash and cash equivalents 7 3,884 5,077 5,695 3,907 2,657
Receivables 8 9,938 8,174 8,348 9,183 7,598
Prepayments 932 897 809 809 637
Work in progress 9 2,747 1,913 1,105 1,105 1,499
Total current assets 17,501 16,061 15,957 15,004 12,391
Non-current assets
Plant and equipment 10 3,768 3,502 3,607 3,750 4,464
Intangible assets 11 835 1,100 2,498 1,122 3,249
Total non-current assets 4,603 4,602 6,105 4,872 7,713
Total assets 22,104 20,663 22,062 19,876 20,104
Liabilities
Current liabilities
Payables and deferred revenue 12 7,581 7,830 6,579 6,805 5,818
Repayment of surplus due to the Crown 13 1,617 1,751 - - -
Employee entitlements 14 7,064 5,820 5,639 5,858 5,411
Total current liabilities 16,262 15,401 12,218 12,663 11,229
Non-current liabilities
Payables and deferred revenue 12 - 2 - - -
Employee entitlements 14 596 598 613 570 600
Total non-current liabilities 596 600 613 570 600
Total liabilities 16,858 16,001 12,831 13,233 11,829
Net assets 5,246 4,662 9,231 6,643 8,275
Taxpayers' funds 6,421 6,221 7,729 6,421 6,221
Memorandum account 15 (1,175) (1,559) 1,502 222 2,054
Total equity 5,246 4,662 9,231 6,643 8,275

* All Estimates information is unaudited. The figures under Main Estimates 2020/21 reflect the forecasts published in Budget 2020 and in the Office's 2019/20 annual report, and the figures under Supplementary Estimates 2020/21 reflect the updated forecasts published in Budget 2021.

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

The accompanying notes form part of these financial statements.