Statement of financial position

Annual Report 2016/17.

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

	Notes	Actual 2016/17	Actual 2015/16	Main Estimates 2016/17	Supplementary Estimates 2016/17	Main Estimates 2017/18
		$000	$000	$000*	$000*	$000*
Current assets
Cash and cash equivalents	7	2,695	5,632	4,818	3,961	6,626
Receivables	8	7,087	6,979	5,750	5,722	6,750
Prepayments		781	579	446	579	579
Work in progress	9	1,737	1,848	2,000	2,000	1,201
Total current assets		12,300	15,038	13,014	12,262	15,156
Non-current assets
Plant and equipment	10	3,682	3,852	3,661	3,709	3,415
Intangible assets	11	938	526	672	708	1,028
Total non-current assets		4,620	4,378	4,333	4,417	4,443
Total assets		16,920	19,416	17,347	16,679	19,599
Current liabilities
Payables and deferred revenue	12	4,785	5,477	5,372	5,466	6,216
Repayment of surplus due to Crown	13	268	77	-	-	-
Employee entitlements	14	4,195	3,910	4,027	3,837	3,914
Total current liabilities		9,248	9,464	9,399	9,303	10,130
Non-current liabilities
Payables and deferred revenue	12	22	34	-	-	-
Employee entitlements	14	517	453	558	453	462
Total non-current liabilities		539	487	558	453	462
Total liabilities		9,787	9,951	9,957	9,756	10,592
Net assets		7,133	9,465	7,390	6,923	9,007
Equity
Taxpayers' funds	15	6,221	6,221	6,221	6,221	6,221
Memorandum account	15	912	3,244	1,169	702	2,786
Total equity		7,133	9,465	7,390	6,923	9,007

* All Estimates information is unaudited.

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

The accompanying notes form part of these financial statements.