Note 2018 2017 Statement of comprehensive income $000 $000 Assets For the year ended 30 June 2018 Current assets Cash and cash equivalents 27 10 927 12 710 Receivables 17 565 831 Note 2018 2017 $000 $000 Amounts receivable for services 18 104 138 Cost of services Other current assets 19 228 381 Total current assets 11 824 14 060 Expenses Non-current assets Employee benefits expense 4 18 223 18 607 Restricted cash and cash equivalents 16 123 62 Supplies and services 6 3044 4263 Amounts receivable for services 18 6879 6890 Depreciation and amortisation expense 7 46 60 Property, plant and equipment 20 106 205 Intangible assets 21 - - Accommodation expenses 8 2468 2401 Other non-current assets 19 - 58 Grants and subsidies 9 1042 890 Total non-current assets 7108 7215 Loss on disposal of non-current assets 10 73 1 Total assets 18 932 21 275 Other expenses 11 56 63 Liabilities Current liabilities Total cost of services 24 952 26 285 Payables 23 1017 1293 Income Employee related provisions 24 4154 4613 Revenue Other current liabilities 25 114 50 User charges and fees 13 96 137 Total current liabilities 5285 5956 Non-current liabilities Other revenue 14 186 331 Employee related provisions 24 531 740 Total revenue 282 468 Total non-current liabilities 531 740 Total income other than income from State 282 468 Total liabilities 5816 6696 Government Net cost of services 24 670 25 817 Net assets 13 116 14 579 Income from State Government Equity Accumulated surplus/(deficit) 26 13 116 14 579 Service appropriation 25 063 26 636 Total equity 13 116 14 579 Services received free of charge 1053 1244 See also the 'Schedule of Assets and Liabilities by Service'. Royalties for Regions Fund 22 35 The 'Statement of Financial Position' should be read in conjunction with the accompanying notes. Total income from State Government 15 26 138 27 915 Surplus/(deficit) for the period 1468 2098 Total comprehensive income for the period 1468 2098 See also the 'Schedule of Income and Expenses by Service'. The 'Statement of Comprehensive Income' should be read in conjunction with the accompanying notes. Statement of financial position As at 30 June 2018
Statement of comprehensive income For the year ended 30 June 2018 Note 2018 $000 2017 $000 Cost of services Expenses Employee benefits expense 4 18 223 18 607 Supplies and services 6 3044 4263 Depreciation and amortisation expense 7 46 60 Accommodation expenses 8 2468 2401 Grants and subsidies 9 1042 890 Loss on disposal of non-current assets 10 73 1 Other expenses 11 56 63 Total cost of services 24 952 26 285 Income Revenue User charges and fees 13 96 137 Other revenue 14 186 331 Total revenue 282 468 Total income other than income from State Government 282 468 Net cost of services 24 670 25 817 Income from State Government Service appropriation 25 063 26 636 Services received free of charge 1053 1244 Royalties for Regions Fund 22 35 Total income from State Government 15 26 138 27 915 Surplus/(deficit) for the period 1468 2098 Total comprehensive income for the period 1468 2098 See also the 'Schedule of Income and Expenses by Service'. The 'Statement of Comprehensive Income' should be read in conjunction with the accompanying notes. Statement of financial position As at 30 June 2018 Note 2018 $000 2017 $000 Assets Current assets Cash and cash equivalents 27 10 927 12 710 Receivables 17 565 831 Amounts receivable for services 18 104 138 Other current assets 19 228 381 Total current assets 11 824 14 060 Non-current assets Restricted cash and cash equivalents 16 123 62 Amounts receivable for services 18 6879 6890 Property, plant and equipment 20 106 205 Intangible assets 21 - - Other non-current assets 19 - 58 Total non-current assets 7108 7215 Total assets 18 932 21 275 Liabilities Current liabilities Payables 23 1017 1293 Employee related provisions 24 4154 4613 Other current liabilities 25 114 50 Total current liabilities 5285 5956 Non-current liabilities Employee related provisions 24 531 740 Total non-current liabilities 531 740 Total liabilities 5816 6696 Net assets 13 116 14 579 Equity Accumulated surplus/(deficit) 26 13 116 14 579 Total equity 13 116 14 579 See also the 'Schedule of Assets and Liabilities by Service'. The 'Statement of Financial Position' should be read in conjunction with the accompanying notes.
psc_annual_report_2017-18_2.docx