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Annual Report 2015 - 2016

Financial performance

Our financial result was a deficit of $10.2 million which is $8.8 million more than the budgeted deficit of $1.4 million.

The deficit result arose from actuarial superannuation adjustments beyond our control.

Income

Total income for 2015–2016 was $273.2 million and expenditure was $283.4 million.

Funding from the NSW Government was $152.8 million.

Funding from the Commonwealth Government under the National Partnership Agreement was $74.6 million.

Funding from other sources includes $31.3 million from the Public Purpose Fund, $6.7 million from Other Grants Received, $1.9 million from Interest, and $5.9 million from other sources.

Expenses

Our major expenses were:

  • Employee related expenses of $116.7 million ($103.2 million in 2014–2015); and
  • Payments to private lawyers of $105.3 million ($97.6 million in 2014–2015).

Budget outline 2016–2017

Operating statement($M)
Revenue (including government contributions)277.1
Expenditure278.3
Other Gains/Losses(0.2)
Net result(1.4)
Balance sheet($M)
Current assets92.3
Non current assets14.1
Total assets106.4
Current liabilities75.5
Non Current liabilities5.6
Total liabilities81.1
Net assets25.3
Equity25.3

Total expenses for Legal Aid NSW are estimated at $278.3 million in 2016–2017, an increase of 3.7% on the 2015–2016 budget.