Annual Report 2021 - 2022
Financial performance
Our financial result was a surplus of $13.5 million, which is $16.7 million more than our budgeted deficit of $3.2 million.
Income
Total income for 2021–2022 was $438.9 million and expenditure was $426 million.
Funding from the NSW Government was $238.9 million.
Funding from the Commonwealth under the National Legal Assistance Partnership was $101.8 million.
Acceptance by the Crown entity of employees’ benefits and other liabilities was $4.2 million.
Funding from other sources includes $21 million from the Public Purpose Fund, $56.5 million from other grants received and $16.5 million from other sources.
Further details may be found in the notes to the financial statements.
Expenses
Our major expenses for 2021–2022 were:
- employee-related expenses of $161 million ($156.9 million in 2020–2021) and
- payments to private lawyers and other professional services of $146 million ($137.8 million in 2020–2021).
Budget outline 2022–2023
| Operating statement | ($M) |
|---|---|
| Revenue (including government contributions) | 479.8 |
| Expenditure | (482.0) |
| Other gains or losses | (0.2) |
| Net result | (2.4) |
| Balance sheet | ($M) |
|---|---|
| Current assets | 29.4 |
| Non-current assets | 46.7 |
| Total assets | 76.1 |
| Current liabilities | 37.6 |
| Non-current liabilities | 7.2 |
| Total liabilities | 44.8 |
| Net assets | 31.3 |
| Equity | 31.3 |
Our financial performance over five years
| Total expenses | ($M) |
|---|---|
| 2017–2018 | 318.9 |
| 2018–2019 | 374.5 |
| 2019–2020 | 372.1 |
| 2020–2021 | 404.7 |
| 2021–2022 | 426.0 |
| Surplus or (deficit) | ($M) |
|---|---|
| 2017–2018 | 0.3 |
| 2018–2019 | (25.6) |
| 2019–2020 | 6.9 |
| 2020–2021 | (11.3) |
| 2021–2022 | 13.5 |