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Statement of Financial Position

Department of Veterans' Affairs
Statement of Financial Position

as at 30 June 2018

    2018 2017 Original
Budget
  Notes $'000 $'000 $'000
ASSETS        
Financial assets        
Cash and cash equivalents 3.1A 7,974 6,413 5,673
Trade and other receivables 3.1B 75,660 45,496 9,100
Premiums and recoveries receivable 3.1C 15,606 15,490 12,500
Investments 3.1D 64,297 62,169 66,655
Total financial assets   163,537 129,568 93,928
         
Non-financial assets        
Land and buildings 3.2A 19,694 14,873 28,582
Property, plant and equipment 3.2A 588 1,076 2,781
Intangibles 3.2A 78,217 71,061 70,723
Other non-financial assets 3.2B 5,356 5,662 6,467
Total non-financial assets   103,855 96,672 108,553
         
Assets held for sale   1,350 1,350
Total assets   268,742 223,590 202,481
         
LIABILITIES        
Payables        
Suppliers 3.3A 73,555 28,010 19,061
Unearned premiums 3.3B 23,036 21,839 18,000
Other payables 3.3C 9,814 6,019 5,206
Total payables   106,405 55,868 42,267
         
Provisions        
Employee provisions 6.1A 63,192 68,669 65,364
Gross outstanding claims 3.4A 14,710 18,897 22,396
Other provisions 3.4B 1,734 3,217 1,256
Total provisions   79,636 90,783 89,016
         
Total liabilities   186,041 146,651 131,283
         
Net assets   82,701 76,939 71,198
         
EQUITY        
Contributed equity   276,853 250,693 273,662
Reserves   9,634 11,793 9,789
Accumulated deficit   (203,786) (185,547) (212,253)
Total equity   82,701 76,939 71,198

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

For budgetary reporting information refer to Note 8.1.

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