Financial performance at a glance
The following is a brief summary of the overall financial position of the agency. The information on this page is unaudited.
You can view the full audited financial statements for 2023-24
Statement of Comprehensive Income | 2023-24 Budget $000s | 2023-24 Actual $000s | Variation $000s
| Past year 2022-23 Actual $000s |
|---|---|---|---|---|
Total Income | 386 310 | 408 406 | 22 096 | 383 733 |
Total Expenses | 342 551 | 635 749 | (293 198) | 425 683 |
Net Result | 43 759 | (227 343) | (271 102) | (41 950) |
Total Comprehensive Result | 43 759 | (202 205) | (245 964) | (41 950) |
The department reported a $202.205 million negative net result for the 2023-24 financial year. This result is $245.964 million unfavourable when compared with the 2023-24 original budget, primarily due to the return of surplus cash to the Treasurer’s Consolidated Account, ($225.206 million), and revaluation of land and building assets at 30 June 2024 ($25.138 million).
Statement of Financial Position | 2023-24 Budget $000s | 2023-24 Actual $000s | Variation $000s
| Past year 2022-23 Actual $000s |
|---|---|---|---|---|
Current assets | 155 553 | 116 815 | (38 738) | 336 799 |
Non-current assets | 274 853 | 173 759 | (101 094) | 149 252 |
Total assets | 430 406 | 290 574 | (139 832) | 486 051 |
Current liabilities | 44 893 | 33 170 | 11 723 | 26 781 |
Non-current liabilities | 12 251 | 12 874 | (623) | 12 532 |
Total liabilities | 57 144 | 46 044 | 11 100 | 39 313 |
Net assets | 373 262 | 244 530 | (128 732) | 446 738 |
Equity | 373 262 | 244 530 | (128 732) | 446 738 |
The department’s net assets as at 30 June 2024 were $128.732 million lower than original budget, primarily due to the finalisation of the transfer of Adelaide Festival Centre precinct assets during 2023-24.
For further information please see the full audited financial statements for 2023-24
