Year In Review 2021-22 | Page 51

FINANCIAL PERFORMANCE SUMMARY

FINANCIAL PERFORMANCE SUMMARY

INCOME 15,573,708 Less EXPENDITURE 15,215,643 Equals NET PROFIT 358,065
INCOME SOURCES
INCOME SOURCES
Australian Government
9,495,601
Queensland Government
5,690,534
Non-Government Sources
223,681
Interest
29,327
Miscellaneous Income
134,565
15,573,708
EXPENDITURE ANALYSIS
Grants and Incentives to Farmers 1,385,665 Direct Project Employment Costs 3,628,123 Other Direct Project Costs 6,988,837 Indirect Project and Support Costs 3,213,018
15,215,643
EXPENDITURE
FINANCIAL POSITION SUMMARY
ASSETS Cash 7,491,935 Other Current Assets 2,331,323 Non Current Assets 1,500,061
Unspent Project Funds
1,086,384
Employee Benefits Provisions
933,087
Other Current Liabilities
878,091
Non Current Liabilities
881,339
Retained Earnings 6,244,418 Reserves 1,300,000
FINANCIAL POSITION SUMMARY
ASSETS
-
LIABILITIES
=
EQUITY
8,000,000
7,000,000
6,000,000
5,000,000
4,000,000
3,000,000
2,000,000
1,000,000
-
Cash
Other Current Assets
Non Current Assets
Unspent Project Funds
Em ployee Benefits Provisions
Other Current Liabilities
Non Current Liabilities
Retained Ea rning s
Reser ves
2021-2022 – NQ DRY TROPICS YEAR IN REVIEW PAGE 51