Statement of financial position

Annual Report for the year ended 30 June 2008.

as at 30 June 2008

This statement reports total assets and liabilities. The difference between the assets and liabilities is called taxpayers’ funds.

Actual		Notes	Actual	Main Estimates	Supp. Estimates
2007			2008	2008	2008
$000			$000	$000	$000

	Current assets
3,844	Cash and cash equivalents		3,175	2,966	3,800
389	Prepayments		200	350	389
1,525	Work in progress		2,284	1,158	1,556
4,103	Debtors and other receivables	8	4,455	3,500	4,233
9,861	Total current assets		10,114	7,974	9,978
	Non-current assets
2,034	Plant and equipment	9	1,533	1,807	1,628
355	Intangible assets	10	314	455	412
2,389	Total non-current assets		1,847	2,262	2,040
12,250	Total assets		11,961	10,236	12,018
	Current liabilities
5,008	Creditors and other payables	11	4,279	3,700	5,189
469	Repayment of surplus	12	285	-	-
2,540	Employee entitlements	13	3,226	2,521	2,568
8,017	Total current liabilities		7,790	6,221	7,757
	Non-current liabilities
712	Employee entitlements	13	650	450	740
712	Total non-current liabilities		650	450	740
8,729	Total liabilities		8,440	6,671	8,497
3,521	Net assets		3,521	3,565	3,521
	Taxpayers’ funds
3,521	General funds		3,521	3,565	3,521
3,521	Total taxpayers’ funds		3,521	3,565	3,521

The accompanying notes form part of these financial statements.