Finance

Statement of comprehensive income for the year ended 30 June 2020

Continuing operations Note 2020
$'000
2019
$'000
Income from transactions      
Registration fee income A1 210,464 193,499
Interest income A2 3,977 5,085
Grant income A3 1,679 0
Other income A4 4,311 4,634
Total income from transactions   220,431 203,218
Expenses from transactions      
Employee costs A5 130,552 125,045
Board and committee sitting fees A5 6,188 6,236
Legal and notification costs A5 12,487 11,586
Accreditation expenses A5 9,535 9,676
Other operating expenses A5 41,981 53,023
Depreciation and amortisation B5(1) 12,092 3,465
Finance costs - leases B6 941 0
Total expenses from transactions   213,776 209,031
Net result for the year   6,655 -5,813
Total other economic flows included in net result   0 0
Net result from continuing operations   6,655 -5,813
Other comprehensive income   0 0
Comprehensive result for the year   6,655 -5,813

This statement should be read in conjunction with the accompanying notes that are in the full version of the annual report.

Statement of financial position as at 30 June 2020

Note 2020
$'000
2019
$'000
Current assets      
Cash and cash equivalents C1 15,812 10,170
Receivables B2 2,379 2,412
Investments C2 63,000 64,000
Prepayments B2 2,313 1,789
Leased assets B6 0 534
Total current assets   83,504 78,905
Non-current assets      
Long-term investments C2 116,500 110,000
Leased assets B6 0 3,953
Property, plant and equipment B4 58,090 11,117
Intangible assets B5 8,312 4,155
Total non-current assets   182,902 129,225
Total assets   266,406 208,130
Current liabilities      
Payables and accruals B3 7,873 15,865
Income in advance A1 107,062 96,222
Employee benefits D1 21,439 17,315
Lease liability B6 7,191 1,284
Other provisions B7 921 1,301
Total current liabilities   144,486 131,987
Non-current liabilities      
Employee benefits D1 3,855 3,990
Lease liability B6 47,728 8,471
Make-good provision B7 817 817
Total non-current liabilities   52,400 13,278
Total liabilities   196,886 145,265
Net assets   69,520 62,865
Equity      
Contributed capital C3 43,895 43,895
Accumulated surplus C3 25,625 18,970
Total equity   69,520 62,865
Commitments B6(1)    
Contingent assets and liabilities B8  

This statement should be read in conjunction with the accompanying notes that are in the full version of the annual report.

Statement of changes in equity for the year ended 30 June 2020

Note Contributed capital
$'000
Accumulated surplus
$'000
Total equity $'000
Balance at 1 July 2018   43,895 24,783 68,678
Net result for the year     -5,813 -5,813
Balance at 30 June 2019   43,895 18,970 62,865
Net result for the year     6,655 6,655
Balance at 30 June 2020 C3 43,895 25,625 69,520

This statement should be read in conjunction with the accompanying notes that are in the full version of the annual report.

Statement of cash flows for the year ended 30 June 2020

Note 2020
$'000
2019
$'000
Cash flows from operating activities      
Payments to suppliers, employees and others   -212,346 -204,598
Receipts relating to registrant fees   216,725 204,580
Receipts from government grant A3 6,260 0
Net Goods and Services Tax (GST) received from the Australian Taxation Office (ATO)   6,344 7,401
Other receipts   4,547 7,166
Interest received   3,771 5,467
Interest paid   -941 0
Net cash flows from operating activities B1 24,360 20,016
Cash flows from investing activities      
Payments for plant and equipment, intangibles and work-in-progress   -7,265 -7,138
Purchase of investments   -87,500 -81,000
Proceeds of investments   82,000 73,000
Net cash flows used in investing activities   -12,765 -15,138
Cash flows from financing activities      
Repayment of principal portion of lease liabilities   -5,953 0
Net cash flows used in financing activities   -5,953 0
Net increase in cash and cash equivalents   5,642 4,878
Cash and cash equivalents at beginning of the year   10,170 5,292
Cash and cash equivalents at end of the year C1 15,812 10,170

All amounts are inclusive of GST.
This statement should be read in conjunction with the accompanying notes that are in the full version of the annual report.

 
 
Page reviewed 12/11/2020