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DEPARTMENT OF VETERANS' AFFAIRS BALANCE SHEET

as at 30 June 2013

Balance Sheet
    2013 2012
  Notes $'000 $'000
ASSETS      
Financial Assets      
Cash and cash equivalents 6A 4,778 2,851
Trade and other receivables 6B 16,123 29,566
Premiums and recoveries receivable 6C 10,965 8,640
Investments 6D 46,930 48,746
Total financial assets   78,796 89,803
       
Non-Financial Assets      
Land and buildings 7A 23,674 27,058
Property, plant and equipment 7B 11,883 19,720
Intangibles 7D 96,874 76,456
Other non-financial assets 7F 8,364 14,634
Total non-financial assets   140,795 137,868
       
Total assets   219,591 227,671
       
LIABILITIES      
Payables      
Suppliers 8A 13,089 14,764
Unearned premiums 8B 19,563 16,822
Revenue received in advance 8C 766 598
Unexpired risk liability 8D - -
Gross outstanding claims 8E 13,676 14,882
Other payables 8F 5,985 10,099
Total payables   53,079 57,165
       
Provisions      
Employee provisions 9A 68,443 73,579
Other provisions 9B 8,198 9,322
Total provisions   76,641 82,901
       
Total liabilities   129,720 140,066
       
Net assets   89,871 87,605
       
EQUITY      
Contributed equity   161,821 140,371
Reserves   9,091 9,049
Retained surplus (accumulated deficit)   (81,041) (61,815)
Total equity   89,871 87,605

The above statement should be read in conjunction with the accompanying notes.

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