2019-Wesley-Mission-Annual-Report - Flipbook - Page 52
Financial summary
Statement of profit or loss
for the year ended 30 June 2018
2018
$’000
2017
$’000
Government grants
Revenue from rendering of services
Revenue from sale of goods
Legacies and donations
Investment income
Other income
Total revenue
87,209
92,689
8,955
7,786
4,664
3,542
204,845
91,435
77,093
8,108
4,627
4,627
4,188
190,078
Employee benefits expense
Material and other client services
Maintenance and accommodation
Depreciation and amortisation expense
Travelling expenses
Professional fees
Communications
Cost of goods sold
Finance costs
Other expenses
Total expenditure
130,834
28,895
13,905
9,261
5,254
4,774
1,390
1,259
251
8,376
204,199
117,366
28,616
13,159
8,587
4,554
4,275
1,257
816
283
7,447
186,360
646
3,718
Surplus for the year
Statement of financial position
as at 30 June 2018
Current assets
Cash and cash equivalents
Trade and other receivables
Inventories
Assets classified as held for sale
Other financial assets
Total current assets
52
91,018
18,922
429
¯
13,666
124,035
79,886
14,459
395
2,934
12,304
109,978
2018
$’000
2017
$’000
Non current assets
Property, plant and equipment
Investments
Other assets
Total non current assets
335,533
¯
696
336,229
334,245
10,961
749
345,955
Total assets
460,264
455,933
19,649
4,444
12,072
33,877
16,108
3,493
10,518
31,809
143,603
147,314
168
13,878
821
228,512
168
13,910
834
224,154
Current liabilities
Trade and other payables
Borrowings
Provisions
Resident license agreements expected
to be paid within 12 months
Resident licence agreements not
expected to be paid within 12 months
Unearned lease premium
Unearned funds
Other liabilities
Total current liabilities
Non current liabilities
Unearned lease premium
Borrowings
Provisions
Total non current liabilities
Statement of cash flows
2,918
5,239
2,429
10,586
Total liabilities
238,426
234,740
Net assets
Equity
Accumulated funds
Reserves
Total equity
221,838
221,193
219,008
2,830
221,838
217,984
3,209
221,193
2017
$'000
$'000
Cash flows from operating activities
Receipts from customers including government subsidies
199,541
188,778
(199,861)
(190,099)
Interest received
4,185
4,627
Net cash provided by operating activities
3,865
3,306
(7,980)
(7,470)
Proceeds from sale of property, plant and equipment
6,113
2,861
Purchase of other financial assets
(950)
(1,450)
10,962
(10,961)
54
250
8,199
(16,770)
26,556
28,845
(23,415)
(18,460)
(3,822)
(3,957)
Finance charges
(251)
(283)
Net cash provided by / (used in) financing activities
(932)
6,145
Net increase (decrease) in cash and cash equivalents
11,132
(7,319)
Cash and cash equivalents at the beginning of the financial year
79,886
87,205
Cash and cash equivalents at end of year
91,018
79,886
Payments to suppliers and employees
Cash flows from investing activities
Purchase of property, plant and equipment
Investment in non current term deposits
Proceeds from redemption of available for sale financial assets
Net cash provided by / (used in) investing activities
Cash flows from financing activities
Receipts from resident funded licence agreements
Repayments for resident funded licence agreements
2,735
4,644
2,535
9,914
2018
Repayments of finance leases
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