LEGAL SERVICES COMMISSIONER ANNUAL REPORT 2012

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Comprehensiveoperating statementFor the financial year ended 30 June 2012Continuing operations2012 2011Notes $ $Income from transactionsLegal Services Board (LSB) contributions 2(a) 11,937,079 11,050,833Interest 2(b) 42,740 37,066Other income 2(c) 734,706 188,682Total income from transactions 12,714,525 11,276,581Expenses from transactionsDepreciation and amortisation expense 3(a) (284,097) (280,565)Employee benefits 3(b) (8,165,611) (7,690,650)Consultants and legal expenses 3(c) (1,203,093) (843,264)Supplies and services 3(d) (825,878) (843,149)Other operating expenses 3(e) (1,443,692) (1,208,606)Total expenses from transactions (11,922,371) (10,866,234)Net result from transactions 792,154 410,347Other economic flows included in net resultNet gain/(loss) from the revaluation of thepresent value of the long service leave liability(108,598) 7,994Net gain/(loss) on disposal of assets (49,322) (4,129)Total other economic flows included in net result (157,920) 3,865Net result for the year 634,234 414,212Other economic flows – other non-owner changes in equity - -Comprehensive result 634,234 414,212The comprehensive operating statement should be read in conjunction with the accompanying notes included on pages 50 to 79.46 Legal Services COMMISSIONER Annual Report 2012
BalancesheetAs at 30 June 20122012 2011Notes $ $ASSETSFinancial assetsCash and deposits 4, 15 204,772 1,776,759Receivables 5, 15 496,290 498,409Other current assets 6, 15 2,585,114 85Total financial assets 3,286,176 2,275,253Non-financial assetsPlant and equipment 7 63,086 172,063Intangible assets 8 477,200 700,707Prepayments 19,775 52,948Total non-financial assets 560,061 925,718Total assets 3,846,237 3,200,971LIABILITIESPayables 9 460,558 606,984Borrowings 10 44,123 81,347Provisions 11 1,308,645 1,113,964Total liabilities 1,813,326 1,802,295Net assets 2,032,911 1,398,676EQUITYContributed capital 29,366 29,366Accumulated surplus 16 2,003,545 1,369,310Net worth 2,032,911 1,398,676The balance sheet should be read in conjunction with the accompanying notes included on pages 50 to 79.Legal Services COMMISSIONER Annual Report 2012 47
Page 3: contentsAbout the Legal Services Co
Page 7 and 8: Education and OutreachIn accordance
Page 9 and 10: chapter 01REPORT OF OPERATIONSThis
Page 11 and 12: Figure 4 Top six issues that featur
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LEGAL SERVICES COMMISSIONER ANNUAL REPORT 2012

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