St John Ambulance SA Ltd Annual Report 2024-25

Balance sheet

2024/25 ($’000)

2023/24 ($’000)

2022/23 ($’000)

2021/22 ($'000)

2020/21 ($'000)

Description

Assets

27,190

29,249

28,902

27,268

27,555

Liabilities

5,776

5,067

5,398

4,958

4,949

21,414

24,182

23,504

22,310

22,606

Net Assets

WHAT WE OWN - ASSETS Our assets include: • Cash including term deposits • Receivables • Inventory • Long term investments • Property, vehicles, plant and equipment • Intangible and right-of-use assets. Together, these assets totalled $27.2m at 30 June 2025 which is a decrease of $2.1m or 7% from the previous year. Current assets increased by $3.5m while non-current assets decreased $5.5m. Cash and term deposit holdings decreased $2.8m and available for sale financial assets decreased $5.9m due to increased lottery prepayments in preparation for the 2025 and 2026 lotteries. Trade and other receivables increased $0.1m and is consistent with the increase in product sales and event revenue. Prepayments increased $6.2m, principally relating to expenditure associated with the 2025 and 2026 St John Christmas Home Lottery major prizes. Property, Plant and Equipment have decreased by $0.3m, while right of use assets increased $0.8m due to delivery of new motor vehicle fleet which were delayed from previous year. St John SA manages a portfolio consisting of 24 properties. The properties owned are recorded at historical cost less accumulated depreciation, which does not necessarily reflect their true market value. WHAT WE OWE - LIABILITIES Our total liabilities were $5.8m at 30 June 2025, which is an increase of $0.7m from the previous year. Current liabilities have decreased $0.1m overall due to lower trade payables offset by higher provisions for staff. Non-current liabilities have increased $0.8m due to additional lease liabilities associated with right-of-use

Annual Report 2024/25

assets for motor vehicles used at events. WHAT WE ARE WORTH – Net Equity

Our net assets at 30 June 2025 were $21.4m, a decrease of $2.8m from the previous year. This decrease was made up of the annual operating deficit of $2.7m and a decrease in the fair value of available for sale financial assets associated with our investments of $0.1m. 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.

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