106 106 AUSTRALIAN SPORTS COMMISSION ANNUAL REPORT 2016–17 FINANCIAL PERFORMANCE 2017 2017 2016 Budget Actual Actual $’000 Notes $’000 $’000 ASSETS Financial assets 4,701 Cash and cash equivalents - on hand and deposit 21,673 25,842 5,129 Trade and other receivables 4A 6,298 4,989 60,000 Term deposits 55,000 50,000 3,646 Loans 4B 2,860 3,005 73,476 Total financial assets 85,831 83,836 Non-financial assets 215,195 Land and buildings 5 213,552 224,651 14,198 Infrastructure, plant and equipment 5 12,567 12,892 4,671 Computer software 5 2,921 3,292 467 Inventories 682 419 1,749 Prepayments 3,697 2,368 236,280 Total non-financial assets 233,419 243,622 309,756 TOTAL ASSETS 319,250 327,458 LIABILITIES Payables 2,764 Suppliers 2,216 2,354 40 Grant payables 26 86 1,482 Other payables 1,716 1,481 4,286 Total payables 3,958 3,921 Provisions 11,813 Employee leave provisions 13,017 14,107 49 Property make-good and lease incentive 67 72 11,862 Total provisions 13,084 14,179 16,148 TOTAL LIABILITIES 17,042 18,100 293,608 NET ASSETS 302,208 309,358 EQUITY 150,210 Contributed equity 150,210 150,210 183,904 Asset revaluation reserve 193,836 193,836 (40,506) Retained surplus / (accumulated deficit) (41,838) (34,688) 293,608 TOTAL EQUITY 302,208 309,358 The above statement should be read in conjunction with the accompanying notes. STATEMENT OF FINANCIAL POSITION For the year ended 30 June 2017 Explanations of major budget variances are provided at Note 11. AUSTRALIAN SPORTS COMMISSION