The following tables contain abridged (unaudited) financial information which shows how financially healthy we were at 30 June 2009. If you would like a copy of our full audited accounts and auditor’s report, they will be available from 16 November 2009 through our Customer Care Team on 1300 652 770.
Statement of Net Assets
| Assets |
$30 June 2008 |
$30 June 2009 |
| Investments |
238,574,569 |
234,826,510 |
| Cash at Bank |
3,925,352 |
3,131,289 |
| Sundry Debtors |
33,579 |
282,196 |
| Deferred Tax Assets |
6,341,774 |
7,616,218 |
| GST Receivable |
41,661 |
57,227 |
| Total Assets |
248,916,935 |
245,913,440 |
| Less Liabilities |
| Benefits Payable |
175,297 |
- |
| Administration Fees Payable |
615,598 |
263,936 |
| Insurance Premiums Payable |
43,079 |
49,142 |
| Cash Clearing Account |
375,816 |
1,437,998 |
| Other Amounts Payable |
46,283 |
43,528 |
| Income Tax Payable |
3,716,031 |
1,264,142 |
| Deferred Tax Liabilities |
1,845 |
736 |
| Total Liabilities |
4,973,949 |
3,059,482 |
| Net Assets Available to Pay Benefits at 30 June |
243,942,986 |
242, 853, 958 |
| Represented by: Liabilities for Accrued Benefits |
| Allocated to Members’ Accounts |
242,565,098 |
241,679, 275 |
| Unallocated |
1,377,888 |
1,174,683 |
| Total |
243,942,986 |
242,853,958 |
Statement of changes in Net Assets
| Changes in Net Assets |
$2008 |
$2009 |
| Net Assets at 1 July |
243,942,986 |
242,853,958 |
| Plus Income |
| Trust Distribution Income |
17,789,237 |
9,571,954 |
| Interest |
247,067 |
92,197 |
| Other Investment Income |
172,017 |
263,893 |
| Changes in Net Market Value of Assets |
-52,284,101 |
-48,700,817 |
| Employer Contributions |
44,572,796 |
46,693,794 |
| Member Contributions |
14,117,537 |
5,919,108 |
| Transfers In |
27,525,925 |
9,413,497 |
| Insurance Proceeds |
304,447 |
214,107 |
| Government Co-Contributions |
1,308,727 |
1,152,828 |
| Total Income |
53,753,652 |
24,620,561 |
| Less Outgoings |
| Insurance Premiums |
508,513 |
657,598 |
| Administration Expenses |
2,338,098 |
3,080,016 |
| Operating Expenses |
0 |
0 |
| Other Expenses |
27,857 |
185,077 |
| Total Outgoings |
2,874,468 |
3,922,691 |
| Benefits Accrued before Income Tax |
50,879,184 |
20,697,870 |
| Benefits Paid before Income Tax |
19,840,914 |
16,656,994 |
| Less Income Tax Expenses |
1,046,506 |
5,129.905 |
| Net Assets Available to Pay Benefits at 30 June |
243,942,986 |
242,853,958 |