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 | ($M) |
|---|---|
| 2016–2017 | 306.4 |
| 2017–2018 | 318.9 |
| 2018–2019 | 374.5 |
| 2019–2020 | 372.1 |
| 2020–2021 | 404.7 |
| Surplus or (deficit) | ($M) |
|---|---|
| 2016–2017 | 1.4 |
| 2017–2018 | 0.3 |
| 2018–2019 | (25.6) |
| 2019–2020 | 6.9 |
| 2020–2021 | (11.3) |