b'Statement of income Financial statement2024 2023 2024 2023Revenue $,000 $,000 Current assets $,000 $,000Cash and cash equivalents 55,029 120,285Government grants 322,232 292,618Term Deposits 19,500 1,500Fees for service 46,218 42,414Receivables 6,353 7,043Donations, bequests and other philanthropic income 12,758 17,621Other current assets 13,989 10,230Sale of goods 5,536 4,623Assets held for sale 7,846 8,836Other income 27,900 19,844Financial assets 44,192 41,804Total revenue414,644 377,120Total current assets 146,909 189,698Expenses Non-current assetsEmployee expenses 253,560 245,707 Property, plant and equipment 291,673 273,900Client expenses 78,422 58,637 Right of Use assets 47,247 45,659Occupancy expenses 15,859 16,006 Financial assets 84,297 83,085Administration expenses 13,397 16,355 Total non-current assets 423,217 402,644Depreciation and amortisation 12,386 12,149 Total assets 570,126 592,342Finance costs 2,326 1,498Other expenses 6,054 5,736 Current liabilitiesTotal expenditure382,004 356,088 Payables 94,812 135,030Contract Liabilities 20,287 24,478Net surplus for the year 32,640 21,032 Provisions 28,765 31,608Lease liabilities 2,231 2,977Other comprehensive income Total current liabilities 146,095 194,093Items that will not be reclassified subsequently to profit or lossRevaluation increase of Property, Plant and Equipment- 1,270 Non-current liabilitiesNet Movement in Beneficial Right of Use of Property - (585) Payables - 101Contract Liabilities - 9,337Total comprehensive income for the year 32,640 21,717 Provisions 9,444 9,290Lease liabilities 37,780 35,354Total non-current liabilities 47,224 54,082Total liabilities 193,319 248,175Net assets 376,807 344,167EquityContributed equity 12,623 12,623Reserves 295,603 294,706Accumulated surplus / (deficit) 68,581 36,838Total equity 376,807 344,16748 Uniting Vic.Tas and Uniting Housing Annual Report Uniting Vic.Tas and Uniting Housing Annual Report 49'