Introduction
Our financial result was a surplus of $15.6 million, which is $28.9 million more than our budgeted deficit of $13.3 million.
Income
Total income for 2023–24 was $545.1 million, and expenditure was $527.5 million.
Funding from the NSW Government was $280.7 million. Funding from the Commonwealth under the National Legal Assistance Partnership was $142.3 million.
Acceptance by the Crown Entity of employees’ benefits and other liabilities was $5.4 million.
Funding from other sources includes $43.6 million from the Public Purpose Fund, $59.7 million from other grants received and $12.6 million from other sources.
Further details may be found in Notes accompanying financial statements 2023–24 (PDF, 456 kb).
Expenses
Our major expenses for 2023–24 were:
- employee-related expenses of $209.0 million ($177.6 million in 2022–23), and
- payments to private lawyers and other professional services of $171.6 million ($163.3 million in 2022–2023).
Our financial performance over five years
Total expenses ($M)
Surplus or deficit ($M)
Budget outline 2023–24
Operating statement
| Category | Amount ($M) |
|---|---|
| Revenue (including government contributions) | 545.1 |
| Expenditure | 527.5 |
| Other gains or losses | (1.9) |
| Net result | 15.6 |
Balance sheet
| Category | Amount ($M) |
|---|---|
| Current assets | 80.1 |
| Non-current assets | 44.6 |
| Total assets | 124.7 |
| Current liabilities | 53.8 |
| Non-current liabilities | 9.1 |
| Total liabilities | 62.9 |
| Net assets | 61.8 |
| Equity | 61.8 |
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