Australian Health Practitioner Regulation Agency - Finance

Finance

Statement of comprehensive income for the year ended 30 June 2022

Continuing operations Note 2022
$'000
2021
$'000
Revenue and income from transactions      
Registration and application fee A1.1 235,607 222,369
Investment income A2 4,065 2,589
Grant revenue A3 2,591 4,581
Other income and revenue A4 7,422 5,638
Total revenue and income from transactions   249,685 235,177
Expenses from transactions      
Employee costs B1.1 151,081 141,160
Board and committee sitting fees   5,734 5,881
Legal and notification costs   12,945 12,854
Accreditation expenses   9,592 9,893
Other operating expenses B2 39,869 34,320
Depreciation and amortisation C4.1 12,071 12,804
Finance costs - leases E1.2 736 837
Total expenses from transactions   232,028 217,749
Net result from transactions   17,657 17,428
Other economic flows included in net result      
Net (loss) on non-financial assets C4.2 (78) (63)
Net (loss) on financial instruments at fair value B3 (4,277) (479)
Other gain from other economic flows B3 1,572 453
Total other economic flows included in net result   (2,783) (89)
Net result for the year   14,874 17,339
Other comprehensive income   0 0
Comprehensive result for the year   14,874 17,339

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 2022

Note 2022
$'000
2022
$'000
Financial assets      
Cash and cash equivalents E2 5,683 10,661
Receivables D1 5,016 2,990
Prepayments D3 3,728 2,871
Investments and other financial assets C1 227,818 209,500
Total financial assets   242,245 226,022
Non-financial assets      
Property, plant and equipment C2 44,247 49,347
Intangible assets C3 17,025 9,396
Total non-financial assets   61,272 58,743
Total assets   303,517 284,765
Liabilities      
Payables and accruals D2 10,931 10,808
Contract liabilities A1.2 117,295 109,538
Employee benefits B1.2 29,511 28,382
Lease liability E1 43,293 48,230
Other provisions D4 754 948
Total liabilities   201,784 197,906
Net assets   101,733 86,859
Equity      
Contributed capital G7 43,895 43,895
Accumulated surplus G7 57,838 42,964
Total equity   101,733 86,859
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 2022

Note Contributed capital
$'000
Accumulated surplusl
$'000
Total equity
$'000
Balance at 1 July 2020   43,895 25,625 69,520
Net result for the year   0 17,339 17,339
Balance at 30 June 2021   43,895 42,964 86,859
Net result for the year 0 14,874 14,874
Balance at 30 June 2022 G7 43,895 57,838 101,733

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 2022

Note 2022
$'000
2021
$'000
Cash flows from operating activities
Receipts
Receipts relating to regulatory fees 242,434 229,426
Receipts from government grant A3 3,521 0
Goods and Services Tax (GST) recovered from the
Australian Taxation Office (ATO) 7,509 5,755
Other receipts 6,255 5,529
Interest received 3,069 2,089
Total receipts 262,788 242,799
Payments
Payments to suppliers, employees and others (224,686) (204,258)
Interest paid (736) (837)
Total payments (225,422) (205,095)
Net cash flows from operating activities E2 37,366 37,704
Cash flows from investing activities
Payments for plant and equipment, intangibles and work-in-progress (12,289) (5,907)
Purchase of investments and other financial assets (243,000) (108,000)
Proceeds of investments 220,500 78,000
Receipts for equipment disposal C4.2 0 44
Net cash flows used in investing activities (34,789) (35,863)
Cash flows from financing activities
Repayment of principal portion of lease liabilities (7,554) (6,993)
Net cash flows used in financing activities (7,554) (6,993)
Net increase in cash and cash equivalents (4,977) (5,152)
Cash and cash equivalents at the beginning of the year 10,661 15,812
Total cash and cash equivalents at end of the year E2 5,683 10,661

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 22/11/2022