Year in review

We finished the year with a surplus on transactions, our day-to-day business, of $11.0 million. We planned for a surplus but the result was greater than expected due to additional revenue.  

The comprehensive surplus was $11.0 million, compared to a $16.1 million surplus last year.

The year-end cash balance was $44.2 million, which is above the targeted $20.0 million minimum cash balance we hold to ensure we meet fluctuations in annual payments.

The 2014–15 financial statements record:

  • Victorian Government income of $85.0 million
  • Commonwealth Government income of $47.2 million
  • Public Purpose Fund income of $29.3 million ($3.0 million of these funds were one-off funds)
  • $63.6 million spent on case-related private practitioner payments
  • $25.0 million funding provided to community legal centres (this includes $9.2 million in Commonwealth funds passed directly to community legal centres and not recognised as income or expenditure in our financial statements)
  • a comprehensive surplus of $11.0 million.

Five-year financial summary

Financial summary 2015
$000
2014
$000
2013
$000
2012
$000
2011
$000
Income from government and the Public Purpose Fund 161,535 158,071 147,842 144,872 142,093
Total income from transactions 166,749 162,222 155,990 153,831 149,204
Total expenses from transactions (155,774) (146,903) (162,473) (159,991) (140,748)
Net result from transactions 10,975 15,319 (6,483) (6,160) 8,456
Net result for the period 11,006 16,109 (9,332) (3,095) 2,124
Net cash flow from operating activities 13,411 20,493 (1,035) (3,660) 9,788
Cash at 30 June 44,235 32,185 12,893 14,560 19,913
Total assets 78,961 67,064 50,048 52,411 55,987
Total liabilities 37,405 36,514 35,609 28,638 29,119
Total equity 41,556 30,550 14,439 23,773 26,868

Financial statements

You can download our financial statements, including the Auditor-General's report.