Comcare statement of financial position

as at 30 June 2017

 

Notes

2017
$'000

2016
$'000

Original Budget
$'000

     

ASSETS

    
     

Financial assets

    

Cash and cash equivalents

2.1A

979,779

820,339

872,106

Trade and other receivables

2.1B

2,813,472

2,960,208

2,912,664

Other financial assets

2.1C

8,417

12,442

12,808

Total financial assets

 

3,801,668

3,792,989

3,797,578

     

Non-financial assets

    

Property, plant and equipment

2.2A

14,026

14,564

20,229

Computer software

2.2A

4,151

3,989

2,504

Other non-financial assets

2.2B

1,445

1,771

2,007

Total non-financial assets

 

19,622

20,324

24,740

     

Total assets

 

3,821,290

3,813,313

3,822,318

     

LIABILITIES

    
     

Payables

    

Suppliers

2.3A

3,169

3,310

9,641

Workers' compensation claims payable

2.3B

3,041

2,540

-

Other payables

2.3C

17,275

6,243

13,931

Total payables

 

23,485

12,093

23,572

     

Provisions

    

Employee provisions

4.1

16,159

16,608

17,802

Workers' compensation claims

2.4A, D, E, F

2,794,000

3,163,700

3,318,671

Common law asbestos-related disease claims

2.4B, G

969,920

1,070,580

1,051,400

Other provisions

2.4C

2,468

2,422

2,541

Total provisions

 

3,782,547

4,253,310

4,390,414

     

Total liabilities

 

3,806,032

4,265,403

4,413,986

     

Net assets

 

15,258

(452,090)

(591,668)

     

EQUITY

    
     

Contributed equity

 

7,717

7,717

7,717

Reserves

 

4,142

4,271

-

Retained surplus/(Accumulated deficit)

 

3,399

(464,078)

(599,385)

Total equity

 

15,258

(452,090)

(591,668)

     
     

The above statement should be read in conjunction with the accompanying notes.