EMHS 2024–25 financial summary
Total cost of services (expense limit)
Sourced from statement of comprehensive income
2024-25 Target $000
2024-25 Actual $000
Variation $000
The variance in both the Total Cost of Services and Net Cost of Services is attributable to higher than anticipated expenditure in the 2024/25 financial year, compared to initial estimates mainly related to:
Employee benefits expense:
a. Cost of award increases, provision of new services and the recruitment of additional staff to support healthcare service delivery,
b. The resulting flow-on effects of the above leading to increases in penalty rates, allowances, superannuation contributions, workers’ compensation insurance premiums, and leave provision liabilities,
Contracts for service expense:
c. Additional payments that were made under the Public Private Partnership (PPP) arrangement with St John of God Healthcare for the provision of additional general and mental health services.
Net cost of services
Sourced from statement of comprehensive income
2024-25 Target $000
2024-25 Actual $000
Variation $000
The variance in both the Total Cost of Services and Net Cost of Services is attributable to higher than anticipated expenditure in the 2024/25 financial year, compared to initial estimates mainly related to:
Employee benefits expense:
a. Cost of award increases, provision of new services and the recruitment of additional staff to support healthcare service delivery,
b. The resulting flow-on effects of the above leading to increases in penalty rates, allowances, superannuation contributions, workers’ compensation insurance premiums, and leave provision liabilities,
Contracts for service expense:
c. Additional payments that were made under the Public Private Partnership (PPP) arrangement with St John of God Healthcare for the provision of additional general and mental health services.
Total equity
Sourced from statement of financial position
2024-25 Target $000
2024-25 Actual $000
Variation $000
The variance in total equity is due to:
a. Substantial increase in the value of the Health Service’s land and building assets resulting from Landgate’s annual revaluation process,
b. Increases in expenditure contributed to an underestimation of the Health Service’s deficit.
Net increase (decrease) in cash held
Sourced from statement of cash flows
2024-25 Target $000
2024-25 Actual $000
Variation $000
The net increase in cash and cash equivalents is primarily driven by:
a. Additional government funding to address award increases, price escalations (CPI) and delivery of additional health activities,
b. Higher patient revenue activity and improved cash collections from fully coded patient records.
Approved salary expense level
Sourced from statement of comprehensive income
2024-25 Target $000
2024-25 Actual $000
Variation $000
The variance in approved salary expenses is attributable to the following:
a. Cost of award increases, provision of new services and the recruitment of additional staff to support healthcare service delivery,
b. The resulting flow-on effects of the above leading to increases in penalty rates, allowances, superannuation contributions, workers’ compensation insurance premiums, and leave provision liabilities.