Financial performance
Financial performance at a glance
The following is a brief summary of the overall financial position of the agency. The information is derived from audited statements of the Auditor-General’s Department. Full audited financial statements for 2019-20 are attached to this report.
The fees paid by teachers fund the operation of the Board with no financial support from external sources, including South Australian or Commonwealth Governments, other than reimbursement of expenditure incurred. Financial sustainability is critical for the Board with prudent financial modelling over a three-year period, aligning with the registration cycle for teachers.
| Statement of Comprehensive Income |
2019-20 Budget |
2019-20 Actual $000s |
Variation $000s |
2018-19 Actual $000s |
| Expenses | 5,121 | 4,599 | 522 | 4,545 |
| Revenues | 4,115 | 4,216 | 101 | 4,324 |
| Net result | (1,006) | (383) | 623 | (221) |
| Total Comprehensive Result | (1,006) | (383) | 623 | (221) |
| Statement of Financial Position |
2019-20 Actual |
2018-19 Actual |
| Current assets | 10,132 | 10,429 |
| Non-current assets | 411 | 420 |
| Total assets | 10,543 | 10,849 |
| Current liabilities | 508 | 449 |
| Non-current liabilities | 1,181 | 1,163 |
| Total liabilities | 1,689 | 1,612 |
| Net assets | 8,854 | 9237 |
| Equity | 8,854 | 9,237 |
Consultants disclosure
The following is a summary of external contractors that have been engaged by the agency, the nature of work undertaken and the actual payments made for work undertaken during the financial year.
Contractors with a contract value below $10,000
| Consultancies | Purpose | $ Actual payment |
| All contractors below $10,000 each - combined | Various | $38,000 |
Contractors disclosure
Contractors with a contract value above $10,000
| Consultancies | Purpose | $ Actual payment |
| Australian Criminal Intelligence Commission (ACIC) | Controlled access to National Police Checking Service (NPCS) to conduct 11,206 Nationally Coordinated Criminal Record Checks. | $257,700 |
| Frontier Software | Provide payroll services for TRB employees. | $20,050 |
| Orion | ICT Maintenance and support services in relation to core operating system Microsoft CRM. | $36,000 |
| Loftus IT Services | ICT Maintenance and support services in relation to ICT infrastructure and security compliance. | $89,000 |
| Total | $402,750 |
The details of South Australian Government-awarded contracts for goods, services, and works are displayed on the SA Tenders and Contracts website. View the agency list of contracts.
The website also provides details of across government contracts.