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Statement of financial position as at 30 June 2016

Statement of financial position
as at 30 June 2016

 

 

Note

Actual  2015

Budget* 2016

Revised Budget* 2016

Actual 2016

Forecast* 2017

 

$000

$000

$000

$000

$000

ASSETS

 

 

 

 

 

 

Current assets

       

 

 

Cash and cash equivalents

 

4,333

2,100

2,504

3,444

2,347

Debtors and other receivables

7

102

250

250

109

250

Prepayments

 

3,809

2,577

2,577

2,586

1,552

Total current assets

 

8,244

4,927

5,331

6,139

4,149

Non-current assets

       

 

 

Property, plant and equipment

5

320

954

455

470

455

Intangible assets

 

94

45

140

132

140

Total non-current assets

 

414

999

595

602

595

Total assets

 

8,658

5,926

5,926

6,741

4,744

LIABILITIES

       

 

 

Current liabilities

       

 

 

Creditors and other payables

8

5,053

3,727

3,727

3,331

2,602

Repayment of surplus to the Crown

9

1,435

150

150

1,306

150

Employee entitlements

10

651

500

500

606

450

Total current liabilities

 

7,139

4,377

4,377

5,243

3,202

Non-current liabilities

       

 

 

Employee entitlements

10

72

102

102

51

95

Total non-current liabilities

 

72

102

102

51

95

Total liabilities

 

7,211

4,479

4,479

5,294

3,297

Taxpayers’ funds

 

1,447

1,447

1,447

1,447

1,447

 

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

 

 

Explanations of major variances against budget are provided in note 13.

The accompanying notes form part of these financial statements.


Updated on 16th March 2017