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Annual Report 2020 - 2021

Financial performance

Our financial result was a deficit of $11.3 million which is $5.1 million less than the budgeted deficit of $16.4 million.

Income

Total income for 2020–2021 was $393.0 million and expenditure was $404.7 million.

Funding from the NSW Government was $219.8 million.

Funding from the Commonwealth under the National Partnership Agreement was $101.9 million.

Acceptance by the Crown entity of employees’ benefits and other liabilities was $4.2 million.

Funding from other sources includes $4.6 million from the Public Purpose Fund, $54.0 million from other grants received and $8.5 million from other sources.

Further details may be found in the notes to the financial statements.

Expenses

Our major expenses for 2020–2021 were:

  • employee-related expenses of $156.9 million ($153.8 million in 2019–2020), and
  • payments to private lawyers and other professional services of $137.8 million ($119.6 million in 2019–2020).

Budget outline 2021–2022

Balance sheet($M)
Current assets 19.3
Non-current assets 110.8
Total assets 130.1
Current liabilities 44.6
Non-current liabilities 70.4
Total liabilities 115.0
Net assets 15.2
Equity 15.2

Our financial performance over five years

Total expenses($M)
2016–2017 306.4
2017–2018 318.9
2018–2019 374.5
2019–2020 372.1
2020–2021404.7
Surplus or (deficit)($M)
2016–2017 1.4
2017–2018 0.3
2018–2019 (25.6)
2019–2020 6.9
2020–2021(11.3)