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.

Statement of financial position as at 30 June 2021

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.

Statement of changes in equity for the year ended 30 June 2021

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

Statement of cash flows for the year ended 30 June 2021

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.

 
 
Page reviewed 22/11/2021