Summary of financial results
Table 2 summarises information from the Board’s financial reports for the 2022–23 financial year. It includes comparative results from the previous 4 financial years.
Table 2: Five-year financial summary
| Result | 30 June 2023 | 30 June 2022 | 30 June 2021 | 30 June 2020 | 30 June 2019 |
|---|---|---|---|---|---|
| Total income from transactions | 38,751 | 37,975 | 36,869 | 37,294 | 41,592 |
| Total expenses from transactions | 35,199 | 37,674 | 33,314 | 34,853 | 35,411 |
| Net result from transactions | 3,552 | 301 | 3,555 | 2,441 | 6,181 |
| Other economic flows included in net result | (4) | 10 | 122 | 80 | 6 |
| Net result for the period | 3,548 | 311 | 3,677 | 2,521 | 6,187 |
| Net cash flow from operating activities | – | – | – | 136 | – |
| Total assets | 30,355 | 28,833 | 26,179 | 19,981 | 51,128 |
| Total liabilities | 3,240 | 5,266 | 2,923 | 402 | 1,673 |
Revenue
Total income increased by $0.8 million in 2022–23 with the receipt of an additional $0.4 million in funding for pre-accredited training (rate increase) and a $0.3 million increase in services received free of charge from the department.
Expenses
During 2022–23, expenses were $2.5 million lower – primarily due to reduced grant payments resulting from a combination of contract extensions and lower accruals. Note that although reported training delivery can be delayed from a financial year perspective, training delivery is contracted for completion over a calendar year.
Updated