Merri Health Annual Report 2023_Final_WEB | Page 78

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 2023
Statement of Financial Position
as at 30 June 2023
2023 $’ 000
2022 $’ 000
2023 $’ 000
2022 $’ 000
Revenue
56,601
41,535
Income
18,615
31,627
Gain on property sale
1,065
-
Total revenue and income
76,281
73,162
Expenses Employee benefits expense
36,014
37,632
Depreciation and amortisation
2,646
2,629
Finance costs
233
115
Supplies
276
271
Computer expenses
1,890
1,592
Consulting and legal costs
1,244
1,058
Client costs
10,153
8,889
Communication
404
629
Motor vehicle expenses
264
243
Occupancy costs
1,091
1,019
Payments to other agencies
16,266
14,070
Repairs and maintenance
286
230
Employment expenses
697
756
Other expenses
2,371
2,675
Total expenses
73,835
71,808
Total operating surplus
2,446
1,354
Current assets Cash and cash equivalents
30,376
16,805
Trade and other receivables
355
513
Other current assets
5,484
11,090
Total current assets
36,215
28,408
Non-current assets Lease Assets
2,322
1,768
Financial Assets
6,511
6,153
Property , plant and equipment
7,913
6,855
Total non-current assets
16,746
14,776
Current liabilities Trade and other payables
5,485
5,446
Other liabilities
18,670
10,342
Lease liabilities
1,203
1,001
Provisions
4,809
4,846
Total current liabilities
30,167
21,635
Non-current liabilities Provisions
1,017
1,466
Lease Liabilities
1,318
886
Borrowings
-
2,853
Total non-current liabilities
2,335
5,205
Revaluation of assets 1,669 ( 297 ) Net assets 20,459 16,344
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
4,115 1,057
Equity Reserves
3,095
1,426
Retained earnings
17,364
14,918
Total equity
20,459
16,344
76 Financial Report