Annual Information Statement 2017

Legal Name
The Garvan Institute Of Medical Research
ABN
62330391937

Section A: Charity Information

Charity size
Large
Fundraising online
No
Basic Religious Charity
No

Section B: Activities

Did the charity operate in the 2017 reporting period?
Yes
Main activity
Research
Description of charity's 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. Garvans ultimate goal is prevention and treatment of major diseases.
Main beneficiary
General community in Australia
Where the charity conducted activities during the 2017 reporting period
New South Wales
Will the charity change or introduce any activities in the 2018 period?
No

Section C: Human Resources

Human resources
  • Full time employees: 457
  • Part time employees: 108
  • Casual employees: 49
  • Full-time equivalent staff (FTE): 550
  • Estimated number of volunteers: 20

Section D: Finance

Charity's 2017 reporting period
1 January 2017 to 31 December 2017
Type of financial statement
General purpose financial statements
Financial report consolidated with more than one entity?
Yes

Comprehensive Income Statement summary

Gross Income
Donations and bequests
$27,024,000.00
Revenue from providing goods or services
$20,961,000.00
Revenue from government including grants
$46,073,000.00
Revenue from investments
$6,306,000.00
All other revenue
$1,171,000.00
Total revenue
$101,535,000.00
Other income (for example, gains)
$-336,000.00
Total gross income
$101,199,000.00
Expenses
Employee expenses
$52,597,000.00
Interest expenses
$1,452,000.00
Grants and donations made for use in Australia
$0.00
Grants and donations made for use outside Australia
$0.00
All other expenses
$56,632,000.00
Total expenses
$110,681,000.00
Net surplus/(deficit)
$-9,482,000.00
Other comprehensive income
$0.00
Total comprehensive income
$-9,482,000.00

Balance Sheet extract

Assets
Total current assets
$94,164,000.00
Non-current loans receivable
$0.00
Other non-current assets
$87,931,000.00
Total non-current assets
$87,931,000.00
Total assets
$182,095,000.00
Liabilities
Total current liabilities
$16,965,000.00
Non-current loans payable
$12,478,000.00
Other non-current liabilities
$2,175,000.00
Total non-current liabilities
$14,653,000.00
Total liabilities
$31,618,000.00
Net assets/liabilities
$150,477,000.00
Financial report submitted to a state/territory regulator?
No

Section E: Annual report

Note: If you want to see the financial report or annual report that this charity has submitted, go back to Financials & Documents.

Section F: Reporting to state or territory regulators

Is the charity an incorporated association?
No
Does the charity intend to fundraise in the next reporting period?
Yes