Annual Information Statement 2020

Legal Name
Garvan Institute of Medical Research_ACNC Group

About the group

Group size
Large

Group programs

Program name
Medical Research
Program classification
Health and medical research
Program locations
Australia
Program beneficiaries
General community in Australia
Program website

Description of the groups activities and outcomes
To make significant contributions to medical research that will change the directions of science and medicine and have major impacts on human health. Garvan's ultimate goal is the prevention and treatment of major diseases.

Human Resources

Employees and volunteers
  • Full time employees: 417
  • Part time employees: 130
  • Casual employees: 27
  • Full-time equivalent staff (FTE): 496
  • Estimated number of volunteers: 15

Financial Reporting

Group's 2020 reporting period
1 January 2020 to 31 December 2020
Type of financial statement
General purpose financial statements – reduced disclosure regime
Financial report consolidated with more than one entity?
Yes
Did your charity have any related party transactions?
Yes
Does your charity have documented policies or processes about related party transactions?
Yes

Income and Expenses

Comprehensive Income Statement summary

Gross Income
Donations and bequests
$48,107,000.00
Revenue from providing goods or services
$12,801,000.00
Revenue from government including grants
$37,553,000.00
Revenue from investments
$0.00
All other revenue
$32,694,000.00
Total revenue
$131,155,000.00
Other income (for example, gains)
$-439,000.00
Total gross income
$130,716,000.00
Expenses
Employee expenses
$57,070,000.00
Interest expenses
$564,000.00
Grants and donations made for use in Australia
$0.00
Grants and donations made for use outside Australia
$0.00
All other expenses
$38,930,000.00
Total expenses
$96,564,000.00
Net surplus/(deficit)
$34,152,000.00
Other comprehensive income
$0.00
Total comprehensive income
$34,152,000.00

Balance Sheet extract

Assets
Total current assets
$161,719,000.00
Non-current loans receivable
$0.00
Other non-current assets
$80,488,000.00
Total non-current assets
$80,488,000.00
Total assets
$242,207,000.00
Liabilities
Total current liabilities
$21,020,000.00
Non-current loans payable
$0.00
Other non-current liabilities
$7,607,000.00
Total non-current liabilities
$7,607,000.00
Total liabilities
$28,627,000.00
Net assets/liabilities
$213,580,000.00