Statement of Financial Position

Australian Taxation Office STATEMENT OF FINANCIAL POSITION as at 30 June 2016

 

Note

2016
$'000

2015
$'000

Original Budget
$'000

ASSETS

Financial Assets

Cash

3.1A

63,566

46,087

43,268

Trade and other receivables

3.1B

401,683

413,911

351,786

Total financial assets

465,249

459,998

395,054

 

Non-Financial Assets

Buildings - leasehold improvements

3.2A

225,955

215,645

238,071

Plant and equipment

3.2A

85,801

64,685

39,974

Intangibles - computer software

3.2A

503,521

472,741

490,661

Other non-financial assets

3.2B

105,617

109,726

78,121

Total non-financial assets

920,894

862,797

846,827

 

 

 

 

 

Total assets

1,386,143

1,322,795

1,241,881

 

LIABILITIES

Payables

Employees

3.3A

11,891

71,815

11,757

Suppliers

3.3B

332,478

226,510

207,797

Other payables

3.3C

106,132

118,328

101,966

Total payables

450,501

416,653

321,520

 

Interest Bearing Liabilities

Leases

3.4A

13,616

9,960

-

Total interest bearing liabilities

13,616

9,960

-

 

Provisions

Employee provisions

6.1A

623,128

659,721

656,021

Other provisions

3.5A

16,988

16,535

8,337

Total provisions

640,116

676,256

664,358

 

 

 

 

 

Total liabilities

1,104,233

1,102,869

985,878

 

 

 

 

 

Net assets

281,910

219,926

256,003

 

EQUITY

Contributed equity

1,286,961

1,086,297

1,318,302

Reserves

115,542

109,165

101,553

(Accumulated deficit)

(1,120,593)

(975,536)

(1,163,852)

Total equity

281,910

219,926

256,003

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

Australian Taxation Office STATEMENT OF FINANCIAL POSITION as at 30 June 2016

Budget Variances Commentary: Statement of Financial Position

Affected line items

Explanation of major variances

Cash

The actual was higher than budget primarily due to fluctuations associated with the timing of payments to employees and suppliers.

Trade and other receivables

The higher actual was primarily driven by an increase in the appropriation receivable associated with Government measures announced during 2015-16.

Plant and equipment

The higher than expected actual was due to opening balance differences in relation to Gross book value and Accumulated depreciation, amortisation and impairment. In addition, Finance Leases were included under the operating expense budget.

Other non-financial assets

The actual was higher than budget due to a higher than expected number of non-current prepayments made.

Payables - Suppliers

The variance is driven by a higher than budgeted accrued expense in relation to supplier payments in line with the higher than expected utilisation of contractors.

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