Financial performance
Financial performance at a glance
The following is a brief summary of the overall financial position of the agency. The information is unaudited. Full audited financial statements for 2020-2021 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 |
2020-21 Budget |
2020-21 Actual $000s |
Variation $000s |
2019-20 Actual $000s |
| Total Income | 4,499 | 4,538 | 39 | 4,216 |
| Total Expenses | 5,256 | 4,753 | 503 | 4,599 |
| Net result | (757) | (215) | 542 | (383) |
| Total Comprehensive Result | (757) | (215) | 542 | (383) |
| Statement of Financial Position |
2020-21 Actual |
2019-20 Actual |
| Current assets | 9,396 | 10,132 |
| Non-current assets | 527 | 411 |
| Total assets | 9,923 | 10,543 |
| Current liabilities | 526 | 508 |
| Non-current liabilities | 758 | 1,181 |
| Total liabilities | 1,284 | 1,689 |
| Net assets | 8,639 | 8,854 |
| Equity | 8,639 | 8,854 |
Consultants disclosure
The following is a summary of external consultants that have been engaged by the agency, the nature of work undertaken, and the actual payments made for the work undertaken during the financial year.
Consultancies with a contract value above $10,000 each
| Consultancies | Purpose | $ Actual payment |
| Alfemi Consulting | Cyber security assessment and action plan | $12,000 |
Contractors 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 each
| Consultancies | Purpose | $ Actual payment |
| All contractors below $10,000 each - combined | Various | $167,995 |
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Contractors with a contract value above $10,000
| Consultancies | Purpose | $ Actual payment |
| Orion Enterprise business Solutions | ICT maintenance and support services | $282,535 |
| Australian Criminal Intelligence Commission (ACIC) | Controlled access to National Police Checking Service (NPCS) | $269,246 |
| Loftus IT | ICT maintenance and suport services. | $190,305 |
| Hays | Temporary staff services | $139,703 |
| Hoban Recruitment Pty Ltd | Temporary staff services | $102,029 |
| Xmplify Pty Ltd | Enhancements required to the CRM system | $66,273 |
| Australia Post | postage services, primarily Registration Certificates | $34,674 |
| Data#3 LTD | Supplier of ICT software licences | $32,465 |
| Genesys Cloud Services Pty Ltd | maintenance of telephone hardware and software | $29,542 |
| Frontier Software | Payroll system | $27, 271 |
| LeighSet Design | Printing of information for teachers | $15,270 |
| Cinderella's Services Pty Ltd | Cleaning of the TRB tenancy | $12,692 |
| Optus | Internet service provision | $10,645 |
| Total | $1,219,650 |
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.