Merri Health 2022 Annual Report | Page 62

Financial Report

The following forms the Concise Financial Report for Merri Health and is extracted from the Audited Financial Report . It is not intended to display Merri Health ’ s full financial reports and financial performance for the year .
A full copy of the Audited Financial Report is available at merrihealth . org . au
STATEMENT OF COMPREHENSIVE INCOME
for the year ended 30 June 2022
STATEMENT OF FINANCIAL POSITION
as of 30 June 2022
2022 $’ 000
2021 $’ 000
2022 $’ 000
2021 $’ 000
Revenue and income Revenue
41,535
38,120
Income
31,627
29,428
Total revenue and income
73,162
67,548
Expenses Employee benefits expense
37,632
34,003
Depreciation and amortisation
2,629
2,710
Finance costs
115
191
Supplies
271
187
Computer expenses
1,592
1,422
Consulting and legal costs
1,058
959
Client costs
8,889
6,816
Communication
629
572
Motor vehicle expenses
243
258
Occupancy costs
1,019
1,321
Payments to other agencies
14,070
16,839
Repairs and maintenance
230
263
Employment expenses
756
501
Other expenses
2,675
1,064
Total expenses
71,808
67,106
Total operating surplus /( deficit )
1,354
442
Current assets Cash and cash equivalents
16,805
21,369
Trade and other receivables
513
521
Other current assets
11,090
3,171
Total current assets
28,408
25,061
Non-current assets Lease Assets
1,768
2,724
Financial Assets
6,153
6,913
Property , plant and equipment
6,855
11,404
Total non-current assets
14,776
21,041
Current liabilities Trade and other payables
5,446
9,202
Other liabilities
10,342
9,596
Lease liabilities
1,001
1,176
Provisions
4,846
4,691
Total current liabilities
21,635
24,665
Non-current liabilities Provisions
1,466
1,593
Lease Liabilities
886
1,703
Borrowings
2,853
2,853
Total non-current liabilities
5,205
6,149
FINANCIAL REPORT
Revaluation of assets ( 297 ) 227
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
1,057 669
Net assets
16,344
15,288
Equity Reserves
1,426
1,724
Retained earnings
14,918
13,564
Total equity
16,344
15,288
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