24.10.2013

Statement of Comprehensive Income

For the period ended 30 June 2013

	Notes	2013 $	2012 $
EXPENSES
Employee benefits	3A	2,157,050	2,258,824
Supplier	3B	661,797	670,063
Depreciation	3C	31,993	25,612
Finance costs	3D	–	4,842
Total expenses		2,850,840	2,959,341
LESS
OWN-SOURCE INCOME
Own-source revenue
Sale of goods and rendering of services	4A	12,254	6,100
Other revenue	4B	25,200	191,530
Total own-source revenue		37,454	197,630
GAINS
Sale of assets	4C	–	17,896
Total gains		–	17,896
Total own-source income		37,454	215,526
Net cost of services		2,813,386	2,743,815
Revenue from Government	4D	2,830,000	2,927,000
Surplus on continuing operations		16,614	183,185
OTHER COMPREHENSIVE INCOME
Changes in asset revaluation surplus		(4,719)	(3,710)
Total other comprehensive income after income tax		(4,719)	(3,710)
Total comprehensive income		11,895	179,475

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

Balance Sheet as at 30 June 2013

	Notes	2013 $	2012 $
ASSETS
Financial Assets
Cash and cash equivalents	5A	772,465	838,408
Trade and other receivables	5B	100,909	94,648
Total financial assets		873,374	933,056
Non-Financial Assets
Property, plant & equipment	6A, 6B	128,385	108,298
Other non-financial assets	6C	81,531	138,891
Total non-financial assets		209,916	247,189
Total Assets		1,083,290	1,180,245
LIABILITIES
Payables
Suppliers	7A	39,885	21,084
Other payables	7B	248,269	245,285
Total payables		288,154	266,369
Provisions
Employee provisions	8A	412,147	436,777
Lease Provision	8B	–	162,005
Total provisions		412,147	598,782
Total Liabilities		700,301	865,150
Net Assets		382,989	315,094
EQUITY
Contributed equity		126,000	70,000
Reserves		126,998	131,717
Retained surplus (accumulated deficit)		129,991	113,377
		382,989	315,094
Total Equity		382,989	315,094

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