Annual Information Statement 2016

Legal Name: 
The Garvan Institute Of Medical Research
ABN: 
62330391937

Section A: Charity Information

Charity size: 
Large
Basic Religious Charity: 
No

Section B: Activities

Did the charity operate in the 2016 reporting period?
Yes
Main activity: 
Research
Description of charity's activities and outcomes: 
Garvan pioneered studies into the most widespread diseases affecting our community today, including cancer, neurodegenerative and mental diseases, disorders of the immune system, diabetes and obesity, osteoporosis and other skeletal disorders. It aimed to discover the nature and causes, to improve methods of preventing, diagnosing and treating those diseases and other afflictions, to provide such services in the field of human medicine, to provided and aid in the provision of educational programmes relating to the matters the subject of research conducted by the Garvan and to disseminate, within and outside the State, information concerning the work of Garvan. (For more information please visit https://www.garvan.org.au/about-us/annual-reports
Will the charity change or introduce any activities in the 2017 period?
No
Where the charity conducted activities during the 2016 reporting period: 
New South Wales
Who was helped most by the charity's activities in the reporting period: 
General community within Australia

Section C: Human Resources

Human resources: 
  • Full time employees: 366
  • Part time employees: 106
  • Casual employees: 41
  • Estimated number of volunteers: 129

Section D: Finance

Type of financial statement: 
General purpose financial statements
Financial report consolidated with more than one entity?
Yes
Charity's 2016 reporting period: 
1 January 2016 to 31 December 2016
Financial report submitted to a state/territory regulator?
No
2016 Financial report: 
Note: If you want to see the financial report or annual report that this charity has submitted, go back to Financials & Documents.

Income and Expenses

Comprehensive Income Statement summary

Gross Income
Donations and bequests: 
$33,985,000.00
Revenue from government including grants: 
$36,985,000.00
All other revenue: 
$33,864,000.00
Total revenue: 
$104,834,000.00
Other income (for example, gains): 
$4,531,000.00
Total gross income: 
$109,365,000.00
Expenses
Employee expenses: 
$49,505,000.00
Interest expenses: 
$988,000.00
Grants and donations made for use in Australia: 
$0.00
Grants and donations made for use outside Australia: 
$0.00
All other expenses: 
$48,808,000.00
Total expenses: 
$99,301,000.00
Net surplus/(deficit): 
$10,064,000.00
Other comprehensive income: 
$0.00
Total comprehensive income: 
$10,064,000.00

Balance Sheet extract

Assets
Total current assets: 
$104,734,000.00
Non-current loans receivable: 
$0.00
Other non-current assets: 
$93,728,000.00
Total non-current assets: 
$93,728,000.00
Total assets: 
$198,462,000.00
Liabilities
Total current liabilities: 
$34,049,000.00
Non-current loans payable: 
$0.00
Other non-current liabilities: 
$4,455,000.00
Total non-current liabilities: 
$4,455,000.00
Total liabilities: 
$38,504,000.00
Net assets/liabilities: 
$159,958,000.00