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Statement of Financial Position

Defence Service Homes Insurance Scheme
STATEMENT OF FINANCIAL POSITION

as at 30 June 2018

    2018 2017
Restated1
Original
Budget
2018
  Notes $'000 $'000 $'000
1  Refer to Overview section for details.
ASSETS        
Financial assets        
    Cash and cash equivalents 2.1A 3,198 2,642 3,511
    Trade and other receivables 2.1B 16,114 16,294 12,500
    Investments 2.1C 64,297 62,169 66,655
Total financial assets   83,609 81,105 82,666
         
Non-financial assets        
    Intangibles 2.2A 230 305 230
    Other non-financial assets 2.2B 98 48 2,000
Total non-financial assets   328 353 2,230
         
Total assets   83,937 81,458 84,896
         
LIABILITIES        
Payables        
    Suppliers 2.3A 6,272 6,456 4,500
    Unearned revenue 3.1C 23,036 21,839 18,000
    Other payables 2.3B 411 366 1,500
Total payables   29,719 28,661 24,000
         
Provisions        
    Gross claims outstanding 3.1B 14,710 18,897 22,396
Total provisions   14,710 18,897 22,396
         
Total liabilities   44,429 47,558 46,396
         
Net assets   39,508 33,900 38,500
         
EQUITY        
    Retained surplus   39,508 33,900 38,500
Total equity   39,508 33,900 38,500

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

For budgetary reporting information refer to Note 7. Budget figures are as per the original PBS.

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