Annual report 2021/22

Statement of financial position as at 30 June 2022

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

Notes Actual 2021/22
$000		 Actual 2020/21
$000		 Main Estimates 
2021/22
$000*		 Supplementary Estimates 2021/22
$000*		 Main Estimates 
2022/23
$000*
Assets            
Current assets            
Cash and cash equivalents 7 8,623 3,884 2,657 1,319 10,721
Receivables 8 11,055 9,938 7,598 8,000 8,200
Prepayments   872 932 637 822 822
Work in progress 9 2,285 2,747 1,499 7,500 2,046
Total current assets   22,835 17,501 12,391 17,641 21,789
Non-current assets            
Plant and equipment 10 4,520 3,768 4,464 5,074 5,423
Intangible assets 11 721 835 3,249 1,748 3,155
Total non-current assets   5,241 4,603 7,713 6,822 8,578
Total assets   28,076 22,104 20,104 24,463 30,367
Liabilities            
Current liabilities            
Payables and deferred revenue** 12 9,172 8,688 5,818 3,984 7,308
Repayment of surplus due to the Crown 13 3,115 1,617 - - -
Employee entitlements 14 7,159 7,064 5,411 7,021 7,437
Total current liabilities   19,446 17,369 11,229 11,005 14,745
Non-current liabilities            
Payables and deferred revenue 12 289 - - - -
Employee entitlements 14 530 596 600 592 628
Total non-current liabilities   819 596 600 592 628
Total liabilities   20,265 17,965 11,829 11,597 15,373
Net assets   7,811 4,139 8,275 12,866 14,994
Taxpayers’ funds   8,221 6,421 6,221 8,221 8,325
Memorandum account** 15 (410) (2,282) 2,054 4,645 6,669
Total equity   7,811 4,139 8,275 12,866 14,994

* All Estimates information is unaudited. The figures under Main Estimates 2021/22 reflect the forecasts published in Budget 2021 and in the Office’s 2020/21 annual report, and the figures under Supplementary Estimates 2021/22 reflect the updated forecasts published in Budget 2022.

** The comparative balances have been restated to reflect a previous period adjustment (see Note 1 for more information).

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