Annual report 2022/23

Statement of financial position

as at 30 June 2023

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

	Notes	Actual 2022/23 $000	Actual 2021/22 $000	Main Estimates 2022/23 $000*	Supplementary Estimates 2022/23 $000*	Main Estimates 2023/24 $000*
Assets
Current assets
Cash and cash equivalents	7	6,509	8,623	10,721	6,599	3,934
Receivables	8	15,521	11,055	8,200	9,700	10,100
Prepayments		1,928	872	822	900	900
Work in progress	9	2,977	2,285	2,046	2,308	2,308
Total current assets		26,935	22,835	21,789	19,507	17,242
Non-current assets
Plant and equipment	10	4,487	4,520	5,423	4,962	5,682
Intangible assets	11	1,650	721	3,155	2,262	3,154
Total non-current assets		6,137	5,241	8,578	7,224	8,836
Total assets		33,072	28,076	30,367	26,731	26,078
Liabilities
Current liabilities
Payables and deferred revenue	12	9,869	9,172	7,308	9,383	9,562
Repayment of surplus due to the Crown	13	2,393	3,115	-	-	-
Employee entitlements	14	7,946	7,159	7,437	7,793	8,035
Total current liabilities		20,208	19,446	14,745	17,176	17,597
Non-current liabilities
Payables and deferred revenue	12	245	289	-	-	-
Employee entitlements	14	476	530	628	666	687
Total non-current liabilities		721	819	628	666	687
Total liabilities		20,929	20,265	15,373	17,842	18,284
Net assets		12,143	7,811	14,994	8,889	7,794
Taxpayers’ funds		10,125	8,221	8,325	10,125	10,863
Memorandum account	15	2,018	(410)	6,669	(1,236)	(3,069)
Total equity		12,143	7,811	14,994	8,889	7,794

* All Estimates information is unaudited. The figures under Main Estimates 2022/23 reflect the forecasts published in Budget 2022 and in the Office’s 2021/22 annual report, and the figures under Supplementary Estimates 2022/23 reflect the updated forecasts published in Budget 2023.

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