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Statement of financial position

Statement of financial position

as at 30 June 2014

 

 

Note

Actual
2013
$000

Budget* 2014
$000

Revised Budget* 2014
$000

Actual
2014
$000

 

Forecast* 2015
$000

ASSETS

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

Cash and cash equivalents

 

5,967

2,399

2,808

2,951

2,788

Debtors and other receivables

8

497

250

250

646

250

Prepayments

 

81

150

100

65

100

Total current assets

 

6,545

2,799

3,158

3,662

3,138

Non-current assets

 

 

 

 

 

 

Property, plant and equipment

5

512

501

359

385

359

Intangible assets

6

26

74

27

45

27

Total non-current assets

 

538

575

386

430

386

Total assets

 

7,083

3,374

3,544

4,092

3,524

LIABILITIES

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

Creditors and other payable

9

2,070

1,300

1,300

1,361

1,300

Repayment of surplus to the Crown

10

2,876

170

664

 

150

Employee entitlements

11

613

525

525

544

525

Total current liabilities

 

5,559

1,825

1,995

2,569

1,975

Non-current liabilities

 

 

 

 

 

 

Employee entitlements

11

77

102

102

76

102

Total non-current liabilities

 

77

102

102

76

102

Total liabilities

 

5,636

1,927

2,097

2,645

2,077

Taxpayers’ funds

 

1,447

1,447

1,447

1,447

1,447

Explanations of major variances against budget are provided in note 17.

The accompanying notes form part of these financial statements.

*The statement of accounting policies provides explanations of these figures which are not subject to audit.


Updated on 23rd July 2015