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Annual Report 2017 - 2018

Financial performance

Our financial result was a surplus of $0.3 million which is $0.1 million more than the budgeted surplus of $0.2 million.

Income

Total income for 2017–2018 was $319.7 million and expenditure was $318.9 million.

Funding from the NSW Government was $149.3 million.

Funding from the Commonwealth Government under the National Partnership Agreement was $80.4 million.

Acceptance by the Crown Entity of Employees benefits and other liabilities was $4.1 million.

Funding from other sources includes $34.4 million from the Public Purpose Fund, $44.3 million from Other Grants Received and $7.2 million from Interest revenue and other sources.

Expenses

Our major expenses were:

  • Employee related expenses of $127.9 million ($125.8 million in 2016–2017); and
  • Payments to private lawyers of $107.5 million ($107.9 million in 2016–2017).
  • Total expenses for Legal Aid NSW are estimated at $358.1 million in 2018-2019, an increase of 12.29% on the 2017–2018 actual.

Budget outline 2018–2019

Operating statement($M)
Revenue (including government contributions)330.1
Expenditure358.1
Other Gains/Losses(0.2)
Net result(28.2)
Balance sheet($M)
Current assets41.2
Non current assets16.7
Total assets57.9
Current liabilities27.8
Non Current liabilities6.2
Total liabilities33.9
Net assets24.0
Equity24.0

Our financial performance over five years

5 year total expenses chart

5 year Surplus-Deficit chart