St John Ambulance SA Annual Report 2022-23

Annual Report 2022/23

43

What we owe - liabilities Our liabilities were $5.4m at 30 June 2023, which is an increase of $440k from the previous year. Current liabilities have increased $719k due to an increase in payables and income received in advance. Non-current liabilities have decreased $279k due to decreases in both employee provisions and lease liabilities associated with right-of-use assets for land and buildings and motor vehicles. What we are worth – net equity Our net assets at 30 June 2023 were $23.5m, an increase of $1.2m from the previous year. This increase was made up of an operating surplus, for the year, of $894k and an increase in the fair value of available for sale financial assets reserve associated with our investments of $300k. It should be noted that if the St John SA property portfolio was revalued at fair value (market value), the Board believes that the net assets of St John SA would be higher. Statement of cash flows

2022/23 ($’000)

2021/22 ($'000)

2020/21 ($'000)

2019/20 ($'000)

2018/19 ($'000)

Description

Cash flows from operating activities

1,078

289

722

503

(478)

Cash flows from investing activities

55

(199)

(271)

(1,372)

20

Cash flows from financing activities

(298)

(314)

(343)

(298)

0

Net increase/(decrease) in cash held

835

(224)

108

(1,167)

(458)

Cash at beginning of financial year

5,016

5,240

5,132

6,299

6,757

Cash at end of financial year

5,851

5,016

5,240

5,132

6,299

The Cash Flow Statement provides information on the movement of cash in and out of our organisation during the year. Movements through operating activities, investing activities and financing activities saw our cash holdings increase from $5m to $5.9m at 30 June 2023.

Financials overview St John SA has a strong net asset position. The five years of positive operating profit before change in the fair value of available for sale financial assets, since the financial year ended 2019, has further strengthened the organisation’s financial position and provides an excellent platform for continued investment in both our core business and in business initiatives designed to generate material outcomes in the future.

Tony Mitchell Treasurer