St John Ambulance SA Annual Report 2022-23

42

St John Ambulance Australia SA Inc.

Balance sheet

2022/23 ($’000)

2021/22 ($'000)

2020/21 ($'000)

2019/20 ($'000)

2018/19 ($'000)

Description

Assets

28,902

27,268

27,555

22,846

21,449

Liabilities

5,398

4,958

4,949

3,896

2,687

Equity

23,504

22,310

22,606

18,950

18,762

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 $28.9m at 30 June 2023, which is an increase of $1.6m or 6% from the previous year. Current assets increased $1.7m while non-current assets decreased $56k. Cash and term deposit holdings increased $835k predominantly due to the surplus achieved and delays in capital expenditure. Trade and other receivables increased $39k and is consistent with the increase in product sales and event revenue. Prepayments increased $654k, principally relating to the 2023 Home Lottery expenses. Available for sale financial assets increased $815k and is directly related to the economic environment and its associated fluctuations. As at 30 June 2023, the market value of our investment portfolios, excluding cash and term deposits less than 90 days, was $9.5m, compared with $8.7m at the end of the previous year. Of this movement, $227k relates to changes in the fair value of the available for sale financial assets with the balance due to dividends and distributions reinvested. Property, Plant and Equipment and right of use assets have decreased $759k due to delays with the arrival of new motor vehicles as well as delays with other capital expenditure. St John SA manages a portfolio consisting of 22 properties, which is consistent with last year. The properties owned are recorded at historical cost less accumulated depreciation, which does not necessarily reflect their true market value.