Director’s declaration

15. Contract liabilities

In thousands of AUD

2022 2021

Current

Client funds - Consumer Directed Care 24,553 34,877 Independent Living Unit Deferred Management Fees 1,349 814 Government grants 5,723 9,741 31,625 45,432

Non-current

Independent Living Unit Deferred Management Fees 12,378 11,625 12,378 11,625

16. Reserves

Fair value reserve

The fair value reserve includes the cumulative net change in the fair value of the investment portfolio.

17. Capital and other commitments

In thousands of AUD

2022 2021

Capital expenditure commitments

80,801 77,835 Included in capital expenditure commitments are costs for the design and construction for major projects associated with the Social and Affordable Housing Fund (SAHF) program.

18. Contingent liabilities

Where Government capital grants have been made towards buildings, they may be refundable to the Government in the event of sale of the property on which these buildings have been constructed or in the event of a change in the usage of the property for purposes not in accordance with the grants. The Directors have no future plans which would trigger the refund of capital grants.