Independence Australia

Financial Results 2017


The Organisation’s statement of surplus or deficit and other comprehensive income for the year ended 30 June 2017 shows a surplus of $1,986,028 (2016: $379,016).
Total revenue for the current financial year is $117,470,692 (2016: $105,862,100). The main increase in revenue this year is due to the continued growth of Health Solutions whose sales reached $86 million (a 12% increase on the previous year). 
The statement of financial position at 30 June 2017 shows the organisation remains financially strong with total members’ equity of $20,986,135 (2016: $18,921,364).

The following charts provide a snapshot of Independence Australia’s non Health Solutions related activities over the last twelve months. 
There are still challenges in the provision of quality services in a changing environment with consumer choice being at the forefront of our activities.
We strive to provide effective and efficient services, whilst remaining responsive to community needs with our limited resources.

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The analysis of income generated by Independence Australia (excluding Health Solutions) showed that Government grants accounted for just under half of the income, reflecting the changing consumer focus in the sector. The rest has been generated by services to the NDIS and insurers such as TAC and WorkSafe and the remainder from our fundraising activities.

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We are very pleased with the percentage of donations to our Regular Giving Program, as this is the most cost effective giving option for the future. Telephone fundraising continued to be the backbone for all of our fundraising by recruiting our new donors and setting up support through our other fundraising strategies. A very high percentage of donors for all other categories can be traced back to their beginnings through telephone fundraising.

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Government grants were received to support clients both in their own home, in residential settings and in the community. The vast majority was attendant care (including respite services) provided in people’s own homes and in our residential settings. Our other services, whilst lower in gross terms, still represent a significant contribution to the community.

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Other services are those used on a daily basis to provide counselling, nursing, recreation, case management and information services.