Finance

Continuing operations	Note	2022 $'000	2021 $'000
Revenue and income from transactions
Registration and application fee	A1.1	235,607	222,369
Investment income	A2	4,065	2,589
Grant revenue	A3	2,591	4,581
Other income and revenue	A4	7,422	5,638
Total revenue and income from transactions		249,685	235,177
Expenses from transactions
Employee costs	B1.1	151,081	141,160
Board and committee sitting fees		5,734	5,881
Legal and notification costs		12,945	12,854
Accreditation expenses		9,592	9,893
Other operating expenses	B2	39,869	34,320
Depreciation and amortisation	C4.1	12,071	12,804
Finance costs - leases	E1.2	736	837
Total expenses from transactions		232,028	217,749
Net result from transactions		17,657	17,428
Other economic flows included in net result
Net (loss) on non-financial assets	C4.2	(78)	(63)
Net (loss) on financial instruments at fair value	B3	(4,277)	(479)
Other gain from other economic flows	B3	1,572	453
Total other economic flows included in net result		(2,783)	(89)
Net result for the year		14,874	17,339
Other comprehensive income		0	0
Comprehensive result for the year		14,874	17,339

This statement should be read in conjunction with the accompanying notes that are in the full version of the annual report.

	Note	2022 $'000	2022 $'000
Financial assets
Cash and cash equivalents	E2	5,683	10,661
Receivables	D1	5,016	2,990
Prepayments	D3	3,728	2,871
Investments and other financial assets	C1	227,818	209,500
Total financial assets		242,245	226,022
Non-financial assets
Property, plant and equipment	C2	44,247	49,347
Intangible assets	C3	17,025	9,396
Total non-financial assets		61,272	58,743
Total assets		303,517	284,765
Liabilities
Payables and accruals	D2	10,931	10,808
Contract liabilities	A1.2	117,295	109,538
Employee benefits	B1.2	29,511	28,382
Lease liability	E1	43,293	48,230
Other provisions	D4	754	948
Total liabilities		201,784	197,906
Net assets		101,733	86,859
Equity
Contributed capital	G7	43,895	43,895
Accumulated surplus	G7	57,838	42,964
Total equity		101,733	86,859
Commitments	E3
Contingent assets and liabilities	F3

This statement should be read in conjunction with the accompanying notes that are in the full version of the annual report.

	Note	Contributed capital $'000	Accumulated surplusl $'000	Total equity $'000
Balance at 1 July 2020		43,895	25,625	69,520
Net result for the year		0	17,339	17,339
Balance at 30 June 2021		43,895	42,964	86,859
Net result for the year		0	14,874	14,874
Balance at 30 June 2022	G7	43,895	57,838	101,733

This statement should be read in conjunction with the accompanying notes that are in the full version of the annual report.

	Note	2022 $'000	2021 $'000
Cash flows from operating activities
Receipts
Receipts relating to regulatory fees		242,434	229,426
Receipts from government grant	A3	3,521	0
Goods and Services Tax (GST) recovered from the
Australian Taxation Office (ATO)		7,509	5,755
Other receipts		6,255	5,529
Interest received		3,069	2,089
Total receipts		262,788	242,799
Payments
Payments to suppliers, employees and others		(224,686)	(204,258)
Interest paid		(736)	(837)
Total payments		(225,422)	(205,095)
Net cash flows from operating activities	E2	37,366	37,704
Cash flows from investing activities
Payments for plant and equipment, intangibles and work-in-progress		(12,289)	(5,907)
Purchase of investments and other financial assets		(243,000)	(108,000)
Proceeds of investments		220,500	78,000
Receipts for equipment disposal	C4.2	0	44
Net cash flows used in investing activities		(34,789)	(35,863)
Cash flows from financing activities
Repayment of principal portion of lease liabilities		(7,554)	(6,993)
Net cash flows used in financing activities		(7,554)	(6,993)
Net increase in cash and cash equivalents		(4,977)	(5,152)
Cash and cash equivalents at the beginning of the year		10,661	15,812
Total cash and cash equivalents at end of the year	E2	5,683	10,661

All amounts are inclusive of GST.

This statement should be read in conjunction with the accompanying notes that are in the full version of the annual report.

Annual report 2021/22