Finance

Statement of comprehensive income for the year ended 30 June 2021

Continuing operations	Note	2021 $'000	2020 $'000
Revenue and income from transactions
Registration and application fee	A1	222,369	210,464
Interest income	A2	2,589	3,977
Grant income	A3	4,581	1,679
Other income	A4	5,638	4,311
Total revenue and income from transactions		235,177	220,431
Expenses from transactions
Employee costs	B1.1	140,707	130,552
Board and committee sitting fees		5,881	6,188
Legal and notification costs		12,854	12,487
Accreditation expenses		9,893	9,535
Other operating expenses	B2	34,862	41,981
Depreciation and amortisation	C4	12,804	12,092
Finance costs - leases	E1	837	941
Total expenses from transactions		217,838	213,776
Net result for the year		17,339	6,655

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

	Note	2021 $'000	2020 $'000
Current assets
Cash and cash equivalents	E2	10,661	15,812
Receivables	D1	2,990	2,379
Investments	C1	120,500	63,000
Prepayments	D3	2,871	2,313
Total current assets		137,022	83,504
Non-current assets
Long-term investments	C1	89,000	116,500
Property, plant and equipment	C2	49,347	58,090
Intangible assets	C3	9,396	8,312
Total non-current assets		147,743	182,902
Total assets		284,765	266,406
Current liabilities
Payables and accruals	D2	10,808	7,873
Income in advance	A1	109,538	107,062
Employee benefits	B1	24,267	21,439
Lease liability	E1	7,576	7,191
Other provisions	D4	194	921
Total current liabilities		152,383	144,486
Non-current liabilities
Employee benefits	B1	4,115	3,855
Lease liability	E1	40,654	47,728
Make good provision	D4	754	817
Total non-current liabilities		45,523	52,400
Total liabilities		197,906	196,886
Net assets		86,859	69,520
Equity
Contributed capital	G7	43,895	43,895
Accumulated surplus	G7	42,964	25,625
Total equity		86,859	69,520
Commitments	E3
Contingent assets and liabilities	F3

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

	Note	Contributed capital $'000	Accumulated surplus $'000	Total equity $'000
Balance at 1 July 2019		43,895	18,970	62,865
Net result for the year			6,655	6,655
Balance at 30 June 2020		43,895	25,625	69,520
Net result for the year			17,339	17,339
Balance at 30 June 2021	G7	43,895	42,964	86,859

	Note	2021 $'000	2020 $'000
Cash flows from operating activities
Payments to suppliers, employees and others		-204,258	-212,346
Receipts relating to registrant fees		229,426	216,725
Receipts from government grant	A3	0	6,260
Net Goods and Services Tax (GST) received from the Australian Taxation Office (ATO)		5,755	6,344
Other receipts		5,529	4,547
Interest received		2,089	3,771
Interest paid		-837	-941
Net cash flows from operating activities	E2	37,704	24,360
Cash flows from investing activities
Payments for plant and equipment, intangibles and work-in-progress		-5,907	-7,265
Purchase of investments		-108,000	-87,500
Proceeds of investments		78,000	82,000
Receipts for property, plant and equipment disposal	C4(2)	44	0
Net cash flows used in investing activities		-35,863	-12,765
Cash flows from financing activities
Repayment of principal portion of lease liabilities		-6,993	-5,953
Net cash flows used in financing activities		-6,993	-5,953
Net increase/(decrease) in cash and cash equivalents		-5,152	5,642
Cash and cash equivalents at the beginning of the year		15,812	10,170
Total cash and cash equivalents at end of the year	E2	10,661	15,812

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.