Statement of financial position

as at 30 June 2012

Annual Report 2011/12

This statement reports total assets and liabilities. The difference between the total assets and total liabilities is called taxpayers' funds.

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

Actual 2011 $000		Notes	Actual 2012 $000	Supp. Estimates 2012 $000	Main Estimates 2012 $000
	Current assets
4,283	Cash and cash equivalents		5,479	2,942	4,379
255	Prepayments		841	180	185
1,886	Work in progress		1,207	2,000	2,200
6,003	Debtors and other receivables	8	6,752	6,267	5,601
12,427	Total current assets		14,279	11,389	12,365

	Non-current assets
1,304	Property, Plant and equipment	9	1,593	1,407	1,646
810	Intangible assets	10	659	886	1,280
2,114	Total non-current assets		2,252	2,293	2,926
14,541	Total assets		16,531	13,682	15,291

	Current liabilities
5,047	Creditors and other payables	11	5,442	5,161	4,783
916	Repayment of surplus	12	1,449	0	0
0	Provisions	13	209	0	0
3,971	Employee entitlements	14	4,842	3,915	3,707
9,934	Total current liabilities		11,942	9,076	8,490
	Non-current liabilities
586	Employee entitlements	14	568	585	580
586	Total non-current liabilities		568	585	580
10,520	Total liabilities		12,510	9,661	9,070
4,021	Net assets		4,021	4,021	6,221
	Taxpayers' funds
4,021	General funds		4,021	4,021	6,221
4,021	Total taxpayers' funds		4,021	4,021	6,221

The accompanying notes form part of these financial statements.