Annual Report 2018 - 2019
Financial performance
Our financial result was a deficit of $25.6 million which is $2.6 million less than the budgeted deficit of $28.2 million.
Income
Total income for 2018–19 was $349.3 million and expenditure was $274.5 million.
Funding from the NSW Government was $177.2 million.
Funding from the Commonwealth under the National Partnership Agreement was $80.5 million.
Acceptance by the Crown entity of employees’ benefits and other liabilities was $11.8 million.
Funding from other sources includes $35.4 million from the Public Purpose Fund, $35.3 million from other grants received and $20.9 million from interest revenue and other sources. Further details may be found in the notes to the financial statements that begin on page 103.
Expenses
Our major expenses for 2018–19 were:
- employee-related expenses of $145.6 million ($127.9 million in 2017–18), and
- payments to private lawyers of $118.7 million ($107.5 million in 2017–18).
Total expenses for Legal Aid NSW are estimated at $356.0 million in 2019–20, a decrease of 4.9% on the 2018–19 actuals.
Budget outline 2019–20 ($M)
| Operating statement | ($M) |
|---|---|
| Revenue (including government contributions) | 354.0 |
| Expenditure | 356.0 |
| Other gains or losses | (0.2) |
| Net result | (2.2) |
| Balance sheet | ($M) |
|---|---|
| Current assets | 43.3 |
| Non-current assets | 55.3 |
| Total assets | 98.6 |
| Current liabilities | 38.5 |
| Non-current liabilities | 27.8 |
| Total liabilities | 66.3 |
| Net assets | 32.3 |
| Equity | 32.3 |
Our financial performance over five years
