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 2024-25 are attached to the DPC Annual Report.
Statement of Comprehensive Income | 2024-25 Budget $000s | 2024-25 Actual $000s | Variation $000s
| Past year 2023-24 Actual $000s |
|---|---|---|---|---|
Total income | 513 676 | 478 917 | (34 759) | 410 906 |
Total expenses | 389 445 | 383 381 | 6 064 | 635 749 |
Net result | 124 231 | 95 536 | (28 695) | (224 843) |
Total comprehensive result | 124 231 | 123 389 | (842) | (199 705) |
The department reported a $123.389 million positive net result for the 2024-25 financial year. This result is $0.842 million unfavourable when compared with the 2024-25 original budget, primarily due to the timing of expenditure relating to the Adelaide City Deal agreement with the Commonwealth ($13.561 million), establishment of the Government Advertising and Insights Hub ($2.984 million) and payments to the Consolidated Account ($15.443 million), offset by the net impact of machinery of government changes ($5.497 million), and the revaluation of land and building assets at 30 June 2025 ($27.853 million).
Statement of Financial Position | 2024-25 Budget $000s | 2024-25 Actual $000s | Variation $000s
| Past year 2023-24 Actual $000s |
|---|---|---|---|---|
Current assets | 61 581 | 171 046 | 109 465 | 116 815 |
Non-current assets | 328 096 | 220 521 | (107 575) | 173 759 |
Total assets | 389 677 | 391 567 | 1 890 | 290 574 |
Current liabilities | 30 697 | 29 494 | 1 203 | 30 670 |
Non-current liabilities | 13 712 | 10 072 | 3 640 | 12 874 |
Total liabilities | 44 409 | 39 566 | 4 843 | 43 544 |
Net assets | 345 268 | 352 001 | 6 733 | 247 030 |
Equity | 345 268 | 352 001 | 6 733 | 247 030 |
The department’s net assets as at 30 June 2025 were $6.733 million higher than the original budget, primarily due to an increase in deposit accounts caused by delayed expenditure.
For further information please see Appendix: Audited financial statements (PDF, 4.3 MB).